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Note 4 - Estimated Liquidation and Operating Costs Net of Estimated Receipts - Changes in Liability for Estimated Costs in Excess of Estimated Receipts (Details) - Basis of Accounting, Liquidation [Member] - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Estimated net inflows from investment of real estate $ 3,418,285 $ 4,044,202
Estimated net inflows from investment of real estate (2,600,047) (2,386,428)
Estimated net inflows from investment of real estate 3,491,090 (1,760,511)
Property operating costs (2,084,955) (2,403,872)
Property operating costs 1,536,010 1,495,664
Property operating costs (2,046,009) (1,176,747)
Tenant improvements (465,844) (1,304,109)
Tenant improvements 497,207 1,316,567
Tenant improvements (31,363) (478,302)
Common area capital expenditures (665,000) (500,000)
Common area capital expenditures 119,023 71,075
Common area capital expenditures 71,844 (236,075)
Land entitlement costs (1,468,474) (2,516,394)
Land entitlement costs 1,422,192 1,261,048
Land entitlement costs (1,800,845) (213,128)
Corporate expenditures (4,904,367) (5,650,775)
Corporate expenditures 2,167,814 2,213,047
Corporate expenditures (3,459,998) (1,466,639)
Selling costs on real estate assets* (2,437,076) (1,981,000)
Selling costs on real estate assets* 79,438
Selling costs on real estate assets* (1,060,124) (535,514)
Retention bonus payments to directors, officers and employees* [1] (1,984,733) (642,259)
Retention bonus payments to directors, officers and employees* 14,573 86,917 [1]
Retention bonus payments to directors, officers and employees* (2,710,358) (1,429,391) [1]
Less prepaid expenses and other assets 397,854 304,294
Less prepaid expenses and other assets 234,620 93,560
Liability for estimated costs in excess of estimated receipts during liquidation** [2] (10,194,310) (10,649,913)
Liability for estimated costs in excess of estimated receipts during liquidation** 3,391,392 4,230,888 [2]
Liability for estimated costs in excess of estimated receipts during liquidation** (7,545,763) (3,775,285) [2]
Estimated net inflows from investment of real estate (3,491,090) 1,760,511
Estimated net inflows from investment of real estate 4,309,328 3,418,285
Property operating costs (2,594,954) (2,084,955)
Tenant improvements (465,844)
Common area capital expenditures (474,133) (665,000)
Land entitlement costs (1,847,127) (1,468,474)
Corporate expenditures (6,196,551) (4,904,367)
Selling costs on real estate assets* (3,497,200) (2,437,076)
Retention bonus payments to directors, officers and employees* (2,710,358) (1,429,391) [1]
Retention bonus payments to directors, officers and employees* (4,680,518) (1,984,733) [1]
Less prepaid expenses and other assets 632,474 397,854
Liability for estimated costs in excess of estimated receipts during liquidation** (7,545,763) (3,775,285) [2]
Liability for estimated costs in excess of estimated receipts during liquidation** $ (14,348,681) $ (10,194,310) [2]
[1] The amounts reported are based on the provisions of the retention bonus plan and the reported amount of the real estate assets estimated net realizable value.
[2] These estimates were based on the liquidation being completed by the end of 2019.