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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
REVENUE        
Lease income from capital lease - railroad, net $ 228,750 $ 228,750 $ 686,250 $ 686,250
Rental income 262,527 262,851 787,582 788,553
Misc. income 480 118 558 10,586
TOTAL REVENUE 491,757 491,719 1,474,390 1,485,389
EXPENSES        
Amortization of intangible assets 59,285 59,285 177,856 177,856
General and administrative 35,117 44,522 145,549 116,956
Stock-based compensation 47,363 53,800 148,526 142,029
Property tax 5,552 2,781 17,163 10,945
Litigation expenses (see note 5) 120,439 138,759 124,516 485,618
Interest expense 121,275 147,259 368,652 378,088
TOTAL EXPENSES 389,031 446,406 982,262 1,311,492
NET INCOME 102,726 45,313 492,128 173,897
Preferred Stock Dividends 69,968 69,968 209,904 209,904
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON SHARES $ 32,758 $ (24,655) $ 282,224 $ (36,007)
Income (Loss) Per Common Share:        
Basic and diluted $ 0.02 $ (0.01) $ 0.16 $ (0.02)
Weighted Average Number of Shares Outstanding:        
Basic and diluted 1,827,339 1,784,750 1,803,783 1,765,378
Cash dividend per Series A Preferred Share $ 0.48 $ 0.48 $ 1.45 $ 1.45