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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, 2020
Dec. 31, 2019
Estimated rents and reimbursements $ 4,309,328 $ 3,418,285
Estimated rents and reimbursements (2,432,540) (2,600,047)
Estimated rents and reimbursements 3,049,860 3,491,090
Estimated rents and reimbursements 4,926,648 4,309,328
Property operating costs (2,594,954) (2,084,955)
Property operating costs 1,506,037 1,536,010
Property operating costs (1,972,487) (2,046,009)
Property operating costs (3,061,404) (2,594,954)
Capital expenditures (474,133) (1,130,844)
Capital expenditures 13,495 616,230
Capital expenditures 40,481
Capital expenditures (460,638) (474,133)
Land entitlement costs (1,847,127) (1,468,474)
Land entitlement costs 1,013,966 1,422,192
Land entitlement costs (657,538) (1,800,845)
Land entitlement costs (1,490,699) [1] (1,847,127)
Corporate expenditures (6,196,551) (4,904,367)
Corporate expenditures 2,139,978 2,167,814
Corporate expenditures (2,287,769) (3,459,998)
Corporate expenditures (6,344,342) (6,196,551)
Selling costs on real estate assets** [2] (3,497,200) (2,437,076)
Selling costs on real estate assets** [3] [2]
Selling costs on real estate assets** 439,203 [3] (1,060,124) [2]
Selling costs on real estate assets** (3,057,997) [3] (3,497,200) [2]
Retention bonus payments to directors, officers and employees** [2] (4,680,518) (1,984,733)
Retention bonus payments to directors, officers and employees** [3] 14,573 [2]
Liquidation Basis of Accounting, Remeasurement Gain (Loss) on Liability Retention Bonus Payments to Executives and Other Employees 1,767,038 [3] (2,710,358) [2]
Retention bonus payments to directors, officers and employees** (2,913,480) [3] (4,680,518) [2]
Less prepaid expenses and other assets 603,679 397,854
Less prepaid expenses and other assets 245,293 205,825
Less prepaid expenses and other assets 848,972 603,679
Liability for estimated liquidation and operating costs net of estimated receipts (14,377,476) (10,194,310)
Liability for estimated liquidation and operating costs net of estimated receipts 2,486,229 3,362,597
Liability for estimated liquidation and operating costs net of estimated receipts 338,307 (7,545,763)
Liability for estimated liquidation and operating costs net of estimated receipts $ (11,552,940) $ (14,377,476)
[1] The Company reached agreements with certain service vendors to defer payment of approximately $321,000 of the $1.5 million until the closing of the first property lot sale that is the subject of either the Flowerfield or Cortlandt Manor subdivision, respectively.
[2] 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.
[3] 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. Based on the estimated real estate value of the Cortlandt property, aggregate proceeds from the sale of the two Cortlandt lots would not exceed the adjusted floor under the retention bonus plan and therefore the above table only reflects the projected bonus from the sale of the Flowerfield property.