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QUARTERLY DATA (Tables) | 12 Months Ended
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Dec. 31, 2015
QUARTERLY DATA (Tables): |
Schedule of Quarterly Financial Information | The following is a table of quarterly results of operations for the years 2015, 2014 and 2013:
|  |  | Three Months Ended 2015
|  |  | March 31, |  |  |  | June 30, |  |  |  | September 30, |  |  |  | December 31, |
|  |  | (dollars in thousands, except per share amounts)
2015 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total operating expenses |  |  | 401 |  |  |  | 352 |  |  |  | 345 |  |  |  | 320 |
Operating loss |  |  | (401 | ) |  |  | (352 | ) |  |  | (345 | ) |  |  | (320 | )
Other income, net of other expenses |  |  | 955 |  |  |  | 955 |  |  |  | 1,025 |  |  |  | 789 |
Income before gain on land sales, non-contolling interest, and taxes |  |  | 554 |  |  |  | 603 |  |  |  | 680 |  |  |  | 469 |
Income tax expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (807) |
Net income (loss) from continuing operations |  |  | 554 |  |  |  | 603 |  |  |  | 680 |  |  |  | (338) |
Net income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) |  | $ | 554 |  |  | $ | 603 |  |  | $ | 680 |  |  | $ | (338) |
PER SHARE DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.13 |  |  | $ | 0.14 |  |  | $ | 0.16 |  |  | $ | (0.08) |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) applicable to common shares |  | $ | 0.13 |  |  | $ | 0.14 |  |  | $ | 0.16 |  |  | $ | (0.08) |
Weighted average common shares used in computing earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
Earnings per share - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.13 |  |  | $ | 0.14 |  |  | $ | 0.16 |  |  | $ | (0.08) |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) applicable to common shares |  | $ | 0.13 |  |  | $ | 0.14 |  |  | $ | 0.16 |  |  | $ | (0.08) |
Weighted average common shares used in computing diluted earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
| Three Months Ended 2014
|  |  | March 31, |  |  |  | June 30, |  |  |  | September 30, |  |  |  | December 31, |
| (dollars in thousands, except per share amounts)
2014 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total operating expenses |  |  | 390 |  |  |  | 363 |  |  |  | 380 |  |  |  | 385 |
Operating loss |  |  | (390 | ) |  |  | (363 | ) |  |  | (380 | ) |  |  | (385 | )
Other income, net of other expenses |  |  | 949 |  |  |  | 1,058 |  |  |  | 1,003 |  |  |  | 1,013 |
Income before gain on land sales, non-contolling interest, and taxes |  |  | 559 |  |  |  | 695 |  |  |  | 623 |  |  |  | 628 |
Income tax expense |  |  | — |  |  |  | — |  |  |  | — |  |  |  | (946 | )
Net income (loss) from continuing operations |  |  | 559 |  |  |  | 695 |  |  |  | 623 |  |  |  | (318 | )
Net income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) |  | $ | 559 |  |  | $ | 695 |  |  | $ | 623 |  |  | $ | (318 | )
PER SHARE DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.13 |  |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | (0.08 | )
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) applicable to common shares |  | $ | 0.13 |  |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | (0.08 | )
Weighted average common shares used in computing earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
Earnings per share - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income (loss) from continuing operations |  | $ | 0.13 |  |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | (0.08 | )
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income (loss) applicable to common shares |  | $ | 0.13 |  |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | (0.08 | )
Weighted average common shares used in computing diluted earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
| Three Months Ended 2013
|  |  | March 31, |  |  |  | June 30, |  |  |  | September 30, |  |  |  | December 31, |
| (dollars in thousands, except per share amounts)
2013 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Rental and other property revenues |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Total operating expenses |  |  | 406 |  |  |  | 477 |  |  |  | 505 |  |  |  | 958 |
Operating loss |  |  | (406 | ) |  |  | (477 | ) |  |  | (505 | ) |  |  | (958 | )
Other income, net of other expenses |  |  | 1,119 |  |  |  | 1,123 |  |  |  | 1,130 |  |  |  | 7,571 |
Income before gain on land sales, non-controlling interest, and taxes |  |  | 713 |  |  |  | 646 |  |  |  | 625 |  |  |  | 6,613 |
Income tax expense |  |  | (6 | ) |  |  | — |  |  |  | — |  |  |  | (3,057 | )
Net income from continuing operations |  |  | 707 |  |  |  | 646 |  |  |  | 625 |  |  |  | 3,556 |
Net loss from discontinued operations |  |  | (12 | ) |  |  | — |  |  |  | — |  |  |  | (4 | )
Net income |  | $ | 695 |  |  | $ | 646 |  |  | $ | 625 |  |  | $ | 3,552 |
PER SHARE DATA |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Earnings per share - basic |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.86 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income applicable to common shares |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.86 |
Weighted average common shares used in computing earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |
Earnings per share - diluted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Income from continuing operations |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.86 |
Income (loss) from discontinued operations |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Net income applicable to common shares |  | $ | 0.17 |  |  | $ | 0.15 |  |  | $ | 0.15 |  |  | $ | 0.86 |
Weighted average common shares used in computing diluted earnings per share |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |  |  |  | 4,168,214 |

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- Definition Tabular disclosure of the quarterly financial data in the annual financial statements. The disclosure includes financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income (loss) before extraordinary items and cumulative effect of a change in accounting principle and earnings per share data. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a)-(j) -URI http://asc.fasb.org/extlink&oid=51825399&loc=d3e1280-108306 + Details
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