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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE    
Lease income from capital lease - railroad, net $ 228,750 $ 228,750
Rental income 262,527 262,851
Interest income 33 73
TOTAL REVENUE 491,310 491,674
EXPENSES    
Amortization of intangible assets 59,286 59,285
General and administrative 54,848 36,535
Stock-based compensation 53,801 35,517
Property tax 5,906 5,382
Litigation expenses (see note 5) 730 48,355
Interest expense 124,521 141,385
TOTAL EXPENSES 299,092 326,459
NET INCOME 192,218 165,215
Preferred Stock Dividends 69,968 69,968
NET INCOME ATTRIBUTABLE TO COMMON SHARES $ 122,250 $ 95,247
Income Per Common Share:    
Basic and diluted $ 0.07 $ 0.05
Weighted average number of common shares outstanding:    
Basic and diluted 1,784,938 1,742,688
Cash dividend per Series A Preferred Share $ 0.48 $ 0.48