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Note 7 - Liability for Estimated Costs in Excess of Receipts During Liquidation - Changes in Liability for Estimated Costs in Excess of Estimated Receipts (Details) - Liquidation Basis of Accounting [Member]
 9 Months Ended
Sep. 30, 2016
USD ($)
Estimated rents and reimbursements $ 6,440,325
Estimated rents and reimbursements (2,874,829)
Estimated rents and reimbursements 102,313
Estimated rents and reimbursements 3,667,809
Property operating costs 3,596,704
Property operating costs 1,487,488
Property operating costs (30,310)
Property operating costs (2,139,526)
Capital expenditures excluding land development costs and land purchases 612,704
Capital expenditures excluding land development costs and land purchases 320,286
Capital expenditures excluding land development costs and land purchases (100,000)
Capital expenditures excluding land development costs and land purchases (392,418)
Land development costs 3,154,490
Land development costs 770,245
Land development costs
Land development costs (2,384,245)
Corporate expenditures 7,778,675 [1]
Corporate expenditures 2,467,330
Corporate expenditures (450,580)
Corporate expenditures (5,761,925)
Selling costs on real estate assets 2,817,000
Selling costs on real estate assets 979,204
Selling costs on real estate assets 103,196
Selling costs on real estate assets (1,734,600)
Retention bonus payments to Directors (a) 1,263,730 [2]
Retention bonus payments to Directors (a) 762,351 [2]
Retention bonus payments to Directors (a) 348,316 [2]
Retention bonus payments to Directors (a) (153,063) [2]
Retention bonus payments to Executives and other employees (a) 680,470 [2]
Retention bonus payments to Executives and other employees (a) 410,497 [2]
Retention bonus payments to Executives and other employees (a) 187,555 [2]
Retention bonus payments to Executives and other employees (a) (82,418) [2]
Less prepaid expenses and other assets 443,108
Less prepaid expenses and other assets (15,271)
Less prepaid expenses and other assets 427,837
Liability for estimated costs in excess of estimated receipts during liquidation 13,020,340
Liability for estimated costs in excess of estimated receipts during liquidation 4,307,301
Liability for estimated costs in excess of estimated receipts during liquidation 160,490
Liability for estimated costs in excess of estimated receipts during liquidation $ (8,552,549)
[1] Includes all general and administrative fees, litigation settlement, director and officer liability and reimbursement post liquidation insurance tail coverage policy and final liquidation costs.
[2] The value of the real estate reported in the Statement of Net Assets as of September 30, 2016 does not include the appreciation that may result from the estimated land development costs. As a result, fair value as reported does not exceed the adjusted appraised value under the Retention Bonus Plan (the appraisal of the real estate in late 2013 plus the estimated development costs) and accordingly the Company has not included any retention bonuses on the sale of the Cortlandt Manor or Flowerfield Properties in the estimated costs in excess of receipt. However, if the Company concludes in future periodic filings that the value of the real estate exceeds the minimum value required to pay bonuses under the retention bonus plan (whether due to appreciation of the underlying real estate and/or a reduction in estimated land development costs), then the Company will report the updated estimated real estate value and the estimated bonuses related to the value of the Cortlandt Manor and/or Flowerfield Properties in accordance with the provisions of the retention bonus plan.