XML 42 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (USD $)
12 Months Ended
Dec. 31, 2012
Dec. 31, 2011
Income Statement Abstract    
Rental income $ 16,970,747 $ 13,504,489
Fee and other income 698,220 572,616
Total Revenues 17,668,967 14,077,105
Costs and expenses:    
Direct Costs of Leased and Rented Property or Equipment 5,554,937 4,944,010
General and administrative 4,752,459 3,846,177
Depreciation, Depletion and Amortization 4,869,467 4,170,626
Total costs and expenses 16,853,394 13,389,813
Income (loss) from operations 815,573 687,292
Interest Expense, Debt 4,493,558 3,194,887
Interest income 80,427 125,662
Gain on sale of real estate 898,220 119,925
Gain on dissolution of partnership interests 372,089 0
Extinguishment of Debt, Amount (691,487) 0
Total other expense, net (2,451,335) (2,949,300)
Net income (loss) from continuing operations (1,635,762) (2,262,008)
Income (loss) attributable to noncontrolling interests 497,712 354,895
Net loss $ (2,133,474) $ (2,616,903)
Basic and diluted (loss)/income per common share:    
Loss per common share - basic and diluted: $ (0.14) $ (0.19)
Weighted average number of common shares outstanding 15,479,474 13,678,716