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INVESTMENTS (Tables)
 12 Months Ended
Sep. 30, 2014
INVESTMENTS  
Summary of investments

 

 

 

September 30,

 

 

 

2014

 

2013

 

Investment in land

 

 

$
1,192,000 

 

 

 

$
2,331,000 

 

 

Investment in land development partnerships

 

 
4,658,000 

 

 

 

-       

 

 

Investment in leasehold land interest – Lot 4C

 

 
50,000 

 

 

 
50,000 

 

 

Total investments

 

 

$
5,900,000 

 

 

 

$
2,381,000 

 

 

 

Summarized financial information for the land development partnerships

 

 

 

November 27, 2013 -

 

 

 

September 30, 2014

 

Revenue

 

 

$
5,114,000

 

 

Gross profit

 

 

$
2,058,000

 

 

Net loss

 

 

$
(1,614,000

)

 

 

Kaupulehu Developments  
INVESTMENTS  
Summary of Increment I percentage of sales payment revenues received

 

 

 

Year ended September 30,

 

 

 

2014

 

2013

 

Sale of interest in leasehold land:

 

 

 

 

 

 

 

 

 

Proceeds

 

 

$
740,000

 

 

 

$
300,000

 

 

Fees

 

 
(104,000

)

 

 
(18,000

)

 

Revenues – sale of interest in leasehold land, net

 

 

$
636,000

 

 

 

$
282,000