Owens Realty Mortgage (ORM) 10-Q 9 May 16 2016 Q1 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	3 Months Ended
	Mar. 31, 2016	May. 06, 2016
Document and Entity Information [Abstract]
Entity Registrant Name	Owens Realty Mortgage, Inc.
Trading Symbol	orm
Document Type	10-Q
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding		10,247,477
Amendment Flag	false
Entity Central Index Key	1,556,364
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Mar. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q1

Consolidated Balance Sheets (Un

Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
ASSETS
Cash and cash equivalents	$ 3,228,089	$ 1,255,842
Restricted cash	7,329,421	7,225,371
Loans, net of allowance for losses of $1,953,521 in 2016 and $1,842,446 in 2015	109,725,818	104,901,361
Interest and other receivables	2,107,398	1,764,918
Other assets, net of accumulated depreciation and amortization of $280,474 in 2016 and $275,277 in 2015	843,818	741,001
Deferred financing costs, net of accumulated amortization of $158,033 in 2016 and $323,325 in 2015	327,302	126,308
Investment in limited liability company	2,183,656	2,141,032
Real estate held for sale	109,092,125	100,191,166
Real estate held for investment, net of accumulated depreciation of $2,561,044 in 2016 and $2,915,596 in 2015	49,155,424	53,647,246
Total assets	283,993,051	271,994,245
LIABILITIES:
Dividends payable	819,798	2,133,455
Due to Manager	318,022	408,643
Accounts payable and accrued liabilities	5,417,000	3,359,294
Deferred gains on sales of real estate	209,662	209,662
Lines of credit payable	26,852,500	20,915,500
Notes and loans payable on real estate, net of unamortized deferred financing costs of $568,530 in 2016 and $658,194 in 2015	46,944,398	45,458,844
Total liabilities	$ 80,561,380	$ 72,485,398
Commitments and Contingencies (Note 13)
Stockholders’ equity:
Preferred stock, $.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding at March 31, 2016 and December 31, 2015
Common stock, $.01 par value per share, 50,000,000 shares authorized, 11,198,119 shares issued, 10,247,477 shares outstanding at March 31, 2016 and December 31, 2015	$ 111,981	$ 111,981
Additional paid-in capital	182,437,522	182,437,522
Treasury stock, at cost – 950,642 shares at March 31, 2016 and December 31, 2015	(12,852,058)	(12,852,058)
Retained earnings	29,197,017	25,282,553
Total stockholders’ equity	198,894,462	194,979,998
Non-controlling interests	4,537,209	4,528,849
Total equity	203,431,671	199,508,847
Total liabilities and equity	$ 283,993,051	$ 271,994,245

Consolidated Balance Sheets (U3

Consolidated Balance Sheets (Unaudited) (Parentheticals) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Loans, allowance for losses (in Dollars)	$ 1,953,521	$ 1,842,446
Other assets, accumulated depreciation and amortization (in Dollars)	280,474	275,277
Deferred financing costs, accumulated amortization (in Dollars)	158,033	323,325
Real estate held for investment, accumulated depreciation (in Dollars)	2,561,044	2,915,596
Unamortized deferred financing costs (in Dollars)	$ 568,530	$ 658,194
Preferred Stock,par value (in Dollars per share)	$ 0.01	$ 0.01
Preferred stock,authorized shares	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value (in Dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	50,000,000	50,000,000
Common stock, shares issued	11,198,119	11,198,119
Common stock,shares outstanding	10,247,477	10,247,477
Treasury stock, shares	950,642	950,642

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Revenues:
Interest income on loans	$ 2,043,008	$ 2,823,871
Rental and other income from real estate properties	2,139,985	3,542,899
Income from investment in limited liability company	42,624	43,061
Total revenues	4,225,617	6,409,831
Expenses:
Management fees to Manager	765,515	456,389
Servicing fees to Manager	69,592	41,490
General and administrative expense	553,417	378,971
Rental and other expenses on real estate properties	1,790,379	2,190,412
Depreciation and amortization	343,649	602,386
Interest expense	683,051	587,026
Provision for loan losses	111,075	87,566
Impairment losses on real estate properties	0	1,109,434
Total expenses	4,316,678	5,453,674
Operating (loss) income	(91,061)	956,157
Gain on sales of real estate, net	4,838,815	205,441
Net income	4,747,754	1,161,598
Less: Net income attributable to non-controlling interests	(13,492)	(9,878)
Net income attributable to common stockholders	$ 4,734,262	$ 1,151,720
Per common share data:
Basic and diluted earnings per common share (in Dollars per share)	$ 0.46	$ 0.11
Basic and diluted weighted average number of common shares outstanding (in Shares)	10,247,477	10,768,001
Dividends declared per share of common stock (in Dollars per share)	$ 0.08	$ 0.07

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balances at Dec. 31, 2014	$ 111,981	$ 182,437,522	$ (5,349,156)	$ 7,371,511	$ 184,571,858	$ 4,174,753	$ 188,746,611
Balances (in Shares) at Dec. 31, 2014	11,198,119		(430,118)
Net income				1,151,720	1,151,720	9,878	1,161,598
Dividends declared				(753,760)	(753,760)		(753,760)
Contribution from non-controlling interest						279,184	279,184
Distributions to non-controlling interests						(2,618)	(2,618)
Balances at Mar. 31, 2015	$ 111,981	182,437,522	$ (5,349,156)	7,769,471	184,969,818	4,461,197	189,431,015
Balances (in Shares) at Mar. 31, 2015	11,198,119		(430,118)
Balances at Dec. 31, 2015	$ 111,981	182,437,522	$ (12,852,058)	25,282,553	194,979,998	4,528,849	199,508,847
Balances (in Shares) at Dec. 31, 2015	11,198,119		(950,642)
Net income				4,734,262	4,734,262	13,492	4,747,754
Dividends declared				(819,798)	(819,798)		(819,798)
Distributions to non-controlling interests						(5,132)	(5,132)
Balances at Mar. 31, 2016	$ 111,981	$ 182,437,522	$ (12,852,058)	$ 29,197,017	$ 198,894,462	$ 4,537,209	$ 203,431,671
Balances (in Shares) at Mar. 31, 2016	11,198,119		(950,642)

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 4,747,754	$ 1,161,598
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Gain on sales of real estate, net	(4,838,815)	(205,441)
Income from investment in limited liability company	(42,624)	(43,061)
Provision for loan losses	111,075	87,566
Impairment losses on real estate properties	0	1,109,434
Depreciation and amortization	343,649	602,386
Amortization of deferred financing costs	107,022	79,419
Accretion of discount on loan		(536,816)
Changes in operating assets and liabilities:
Interest and other receivables	(342,480)	(174,348)
Other assets	(100,645)	(52,972)
Accounts payable and accrued liabilities	(1,445,657)	46,979
Due to Manager	(90,621)	(94,541)
Net cash (used in) provided by operating activities	(1,551,342)	1,980,203
CASH FLOWS FROM INVESTING ACTIVITIES:
Principal collected on loans	18,028,938	21,873,017
Investment in loans	(22,964,470)	(10,237,269)
Investment in real estate properties	(2,832,188)	(1,743,620)
Net proceeds from disposition of real estate properties	6,478,811	1,108,820
Purchases of vehicles and equipment	(23,173)	(1,507)
Transfer to restricted cash, net	(104,050)	(2,474,836)
Net cash (used in) provided by investing activities	(1,416,132)	8,524,605
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances on notes payable	1,562,861	10,342,938
Repayments on notes payable	(166,971)	(9,860,453)
Advances on lines of credit	32,128,000	10,989,000
Repayments on lines of credit	(26,191,000)	(8,470,000)
Payment of deferred financing costs	(254,582)
Distributions to non-controlling interests	(5,132)	(2,618)
Contribution from non-controlling interest		279,184
Dividends paid (including tax payments on behalf of shareholders)	(2,133,455)	(1,292,160)
Net cash provided by financing activities	4,939,721	1,985,891
Net increase in cash and cash equivalents	1,972,247	12,490,699
Cash and cash equivalents at beginning of period	1,255,842	1,413,545
Cash and cash equivalents at end of period	3,228,089	13,904,244
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest (excluding amounts capitalized)	502,649	487,145
Cash paid during the period for interest that was capitalized	188,691	20,050
Supplemental Disclosure of Non-Cash Activity
Amortization of deferred financing costs capitalized to construction project	(36,230)	(51,837)
Change in capital expenditures financed through accounts payable	(3,503,363)	(2,588,677)
Dividends declared but not paid	$ (819,798)	$ (753,760)

Note 1 - Organization

Note 1 - Organization	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 – ORGANIZATION Owens Realty Mortgage, Inc. (the “Company”) was incorporated on August 9, 2012, under the laws of the State of Maryland. The Company is authorized to issue 50,000,000 shares of its $0.01 par value common stock (“Common Stock”). In addition, the Company is authorized to issue 5,000,000 shares of preferred stock at $0.01 par value per share. The Company was created to effect the merger (the “Merger”) of Owens Mortgage Investment Fund, a California Limited Partnership (“OMIF”) with and into the Company as described in the Registration Statement on Form S-4, as amended, of the Company, declared effective on February 12, 2013 (File No. 333-184392). The Merger was part of a plan to reorganize the business operations of OMIF so that it could elect to qualify as a real estate investment trust for Federal income tax purposes. The Merger was approved by OMIF limited partners on April 16, 2013 and was completed on May 20, 2013. The Company has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, as amended (the “Code”). As a REIT, the Company is permitted to deduct distributions made to its stockholders, allowing its income and gain represented by such distributions to avoid taxation at the entity level and to be taxed generally only at the stockholder level. The Company currently intends to distribute all of its REIT taxable income, excluding net capital gains. As a REIT, however, the Company is subject to separate, corporate-level tax, including potential 100% penalty taxes under various circumstances, as well as certain state and local taxes. In addition, the Company’s taxable REIT subsidiaries are subject to full corporate income tax. Furthermore, the Company’s ability to continue to qualify as a REIT will depend upon its continuing satisfaction of various requirements, such as those related to the diversity of its stock ownership, the nature of its assets, the sources of its income and the distributions to its stockholders, including a requirement that the Company distribute to its stockholders at least 90% of its REIT taxable income on an annual basis (determined without regard to the dividends paid deduction and by excluding net capital gain).

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In the opinion of the management of the Company, the accompanying unaudited financial statements contain all adjustments, consisting of normal, recurring adjustments, necessary to present fairly the financial information included therein. Certain information and footnote disclosures presented in the annual consolidated financial statements are not included in these interim financial statements. These consolidated financial statements should be read in conjunction with the audited consolidated financial statements included in the Form 10-K of ORM for the fiscal year ended December 31, 2015 filed with the Securities and Exchange Commission (“SEC”). The results of operations for the three months ended March 31, 2016 are not necessarily indicative of the operating results to be expected for the full year ending December 31, 2016. The Company evaluates subsequent events up to the date it files its Form 10-Q with the SEC. Basis of Presentation Princip les of Consolidation The consolidated financial statements include the accounts of the Company, its wholly-owned taxable REIT subsidiary (TRS) and its majority- and wholly-owned limited liability companies. The Company is in the business of providing mortgage lending services and manages its business as one operating segment. Due to foreclosure activity, the Company also owns and manages real estate assets. Certain reclassifications, not affecting previously reported net income or stockholders’ equity, have been made to the previously issued consolidated financial statements to conform to the current period presentation. Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates are inherently imprecise and actual results could differ significantly from such estimates. Recently Issued Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Update 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323) – Simplifying the Transition to the Equity Method of Accounting”, or ASU 2016-07. To simplify the accounting for equity method investments, the amendments in ASU 2016-07 eliminate the requirement in Topic 323 that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. This standard is effective for interim and annual reporting beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the impact that ASU 2016-07 may have on its consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases (Topic 842)” or ASU 2016-02. ASU 2016-02 amends existing guidance related to leases, primarily by requiring the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under the current accounting guidance. This standard is effective for interim and annual reporting beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact that ASU 2016-02 may have on its consolidated financial statements. In January 2016, the FASB issued Accounting Standards Update 2016-01, “Financial Instruments- Overall (Subtopic 825-10) – Recognition and Measurement of Financial Assets and Financial Liabilities”, or ASU 2016-1. ASU 2016-01 amends existing guidance related to the disclosure, presentation, recognition and measurement of financial assets and financial liabilities. This accounting standard primarily amends the accounting for equity method investments, fair value disclosures and presentation of financial assets and financial liabilities. This standard is effective for interim and annual reporting beginning after December 15, 2017, with certain aspects available for early adoption. The Company is currently evaluating the impact that ASU 2016-01 may have on its consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers (Topic 606),” or ASU 2014-09. ASU 2014-09 broadly amends the accounting guidance for revenue recognition. ASU 2014-09 is effective for the first interim or annual period beginning after December 15, 2017, and is to be applied prospectively. Early adoption is not permitted. The Company is currently evaluating the impact that ASU 2014-09 may have on its consolidated financial statements. Recently Adopted Accounting Pronouncements In April 2015, the FASB issued Accounting Standards Update 2015-03, “Interest - Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs,” or ASU 2015-03. ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 which clarified that the SEC would not object to entities continuing to report debt issuance costs on line of credit arrangements as assets. The recognition and measurement guidance for debt issuance costs are not affected by these ASUs. The Company adopted these ASUs retrospectively during the quarter ended March 31, 2016 and elected to continue to report its deferred financing costs on lines of credit as assets, as allowed by the clarifying guidance issued in ASU 2015-15. Adoption of these standards resulted in net debt issuance costs (deferred financing costs) being presented as a direct offset to the applicable debt on the balance sheet. Thus, both deferred financing costs and notes and loans payable on real estate on the accompanying consolidated balance sheets were decreased by $569,000 and $658,000 as of March 31, 2016 and December 31, 2015, respectively. Significant Accounting Policies The significant accounting policies used in the preparation of these interim consolidated financial statements are disclosed in the Company’s consolidated financial statements for the year ended December 31, 2015 included in its 2015 annual report on Form 10-K. There have been no significant changes to those significant accounting policies other than the adoption of ASU 2015-03 as discussed above.

Note 3 - Loans and Allowance fo

Note 3 - Loans and Allowance for Loan Losses	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses [Text Block]	NOTE 3 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are generally stated at the principal amount outstanding. Advances under the terms of a loan to pay property taxes, insurance, legal and other costs are generally capitalized and reported as interest and other receivables. The Company’s portfolio consists primarily of real estate loans generally collateralized by first, second and third deeds of trust. Interest income on loans is accrued by the simple interest method. Loans are generally placed on nonaccrual status when the borrowers are past due greater than ninety days or when full payment of principal and interest is not expected. When a loan is classified as nonaccrual, interest accruals discontinue and all past due interest is included in the recorded investment in the impaired loan that is measured as described below. Interest accruals are resumed on such loans only when they are brought fully current with respect to interest and principal and when, in the judgment of management, the loans are estimated to be fully collectible as to both principal and interest. Cash receipts on nonaccrual loans are used to reduce any outstanding accrued interest, and then are recorded as interest income, except when such payments are specifically designated as principal reduction or when management does not believe the Company’s investment in the loan is fully recoverable. The Company does not incur origination costs and does not earn or collect origination fees from borrowers as OFG is entitled to all such fees (see Note 9). Loans and the related accrued interest and advances are analyzed by management on a periodic basis for ultimate recovery. The allowance for loan losses is management’s estimate of probable credit losses inherent in the Company’s loan portfolio that have been incurred as of the balance sheet date. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance after credit losses and loan growth. Credit exposures determined to be uncollectible are charged against the allowance. Cash received on previously charged off amounts is recorded as a recovery to the allowance. The overall allowance consists of two primary components: specific reserves related to impaired loans that are individually evaluated for impairment and general reserves for inherent losses related to loans that are not considered impaired and are collectively evaluated for impairment. Regardless of a loan type, a loan is considered impaired when, based on current information and events, management believes it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the original agreement or when monthly payments are delinquent for more than 90 days on a loan. All loans determined to be impaired are individually evaluated for impairment. When a loan is considered impaired, management estimates impairment based on the present value of expected future cash flows discounted at the loan's effective interest rate, except that as a practical expedient, management may measure impairment based on a loan's observable market price, or the fair value of the collateral if the loan is collateral dependent. A loan is collateral dependent if the repayment of the loan is expected to be provided solely by the underlying collateral. These valuations are generally updated during the fourth quarter but may be updated during interim periods if deemed appropriate by management. A restructuring of a debt constitutes a troubled debt restructuring (“TDR”) if the Company for economic or legal reasons related to the debtor's financial difficulties grants a concession to the debtor that it would not otherwise consider. Restructured loans typically present an elevated level of credit risk as the borrowers are not able to perform according to the original contractual terms. Loans that are reported as TDR’s are considered impaired and measured for impairment as described above. The determination of the general reserve for loans that are not considered impaired and are collectively evaluated for impairment is based on estimates made by management, to include, but not limited to, consideration of historical losses by portfolio segment, internal asset classifications, and qualitative factors to include economic trends in the Company’s service areas, industry experience and trends, geographic concentrations, estimated collateral values, the Company’s underwriting policies, the character of the loan portfolio, and probable losses inherent in the portfolio taken as a whole. The Company maintains a separate allowance for each portfolio segment (loan type). These portfolio segments include commercial real estate, residential real estate and land loans. The allowance for loan losses attributable to each portfolio segment, which includes both impaired loans that are individually evaluated for impairment and loans that are not considered impaired and are collectively evaluated for impairment, is combined to determine the Company’s overall allowance, which is included on the consolidated balance sheet. The reserve for loans that are not considered impaired consists of reserve factors that are based on management’s assessment of the following for each portfolio segment: (1) inherent credit risk, (2) historical losses, and (3) other qualitative factors. These reserve factors are inherently subjective and are driven by the repayment risk associated with each portfolio segment described below. Land Loans Commercial and Residential Real Estate Loans The following tables show the changes in the allowance for loan losses by portfolio segment for the three months ended March 31, 2016 and 2015 and the allocation of the allowance for loan losses and loans as of March 31, 2016 and December 31, 2015 by portfolio segment and by impairment methodology: 2016 Commercial Residential Land Total Allowance for loan losses: Three Months Ended March 31, 2016 Beginning balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 Provision (Reversal) (3 ) 48,335 62,743 111,075 Ending balance $ 1,140,527 $ 503,922 $ 309,072 $ 1,953,521 As of March 31 , 201 6 Ending balance: individually evaluated for impairment $ 495,157 $ — $ — $ 495,157 Ending balance: collectively evaluated for impairment 645,370 503,922 309,072 1,458,364 Ending balance $ 1,140,527 $ 503,922 $ 309,072 $ 1,953,521 Loans: Ending balance: individually evaluated for impairment $ 2,510,752 $ 7,188,203 $ — $ 9,698,955 Ending balance: collectively evaluated for impairment 77,513,439 17,836,088 6,630,857 101,980,384 Ending balance $ 80,024,191 $ 25,024,291 $ 6,630,857 $ 111,679,339 2015 Commercial Residential Land Total Allowance for loan losses: Three Months Ended March 31, 2015 Beginning balance $ 888,260 $ 1,975,112 $ 5,983 $ 2,869,355 Provision (Reversal) 23,506 (2,091 ) 66,151 87,566 Ending balance $ 911,766 $ 1,973,021 $ 72,134 $ 2,956,921 As of December 31, 2015 Ending balance: individually evaluated for impairment $ 485,823 $ — $ — $ 485,823 Ending balance: collectively evaluated for impairment 654,707 455,587 246,329 1,356,623 Ending balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 Loans: Ending balance: individually evaluated for impairment $ 1,078,752 $ 7,615,055 $ — $ 8,693,807 Ending balance: collectively evaluated for impairment 75,721,545 17,060,812 5,267,643 98,050,000 Ending balance $ 76,800,297 $ 24,675,867 $ 5,267,643 $ 106,743,807 The following tables show an aging analysis of the loan portfolio by the time monthly payments are past due as of March 31, 2016 and December 31, 2015: March 31, 2016 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Commercial $ — $ 1,432,000 $ 1,078,752 $ 2,510,752 $ 77,513,439 $ 80,024,191 Residential 1,323,781 — 7,188,203 8,511,984 16,512,307 25,024,291 Land — — — — 6,630,857 6,630,857 $ 1,323,781 $ 1,432,000 $ 8,266,955 $ 11,022,736 $ 100,656,603 $ 111,679,339 December 31, 2015 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Commercial $ — $ — $ 1,078,752 $ 1,078,752 $ 75,721,545 $ 76,800,297 Residential — — 7,615,055 7,615,055 17,060,812 24,675,867 Land — — — — 5,267,643 5,267,643 $ — $ — $ 8,693,807 $ 8,693,807 $ 98,050,000 $ 106,743,807 All of the loans that were 90 or more days past due as listed above were on non-accrual status as of March 31, 2016 and December 31, 2015. The following tables show information related to impaired loans as of and for the three months ended March 31, 2016: As of March 31, 201 6 Three Months Ended March 31, 201 6 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 1,466,096 $ 1,432,000 $ — $ 488,699 $ — Residential 7,636,597 7,188,203 — 7,702,080 5,247 Land — — — — — $ 9,102,693 $ 8,620,203 $ 8,190,779 $ 5,247 With an allowance recorded: Commercial $ 1,171,957 $ 1,078,752 $ 495,157 $ 1,171,207 $ — Residential — — — — — Land — — — — — $ 1,171,957 1,078,752 $ 495,157 $ 1,171,207 $ — Total: Commercial $ 2,638,053 $ 2,510,752 $ 495,157 $ 1,659,906 $ — Residential 7,636,597 7,188,203 — 7,702,080 5,247 Land — — — — — $ 10,274,650 $ 9,698,955 $ 495,157 $ 9,361,986 $ 5,247 The following tables show information related to impaired loans as of December 31, 2015 and for the three months ended March 31, 2015: As of December 31, 2015 Three Months Ended March 31, 2015 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ — $ 7,737,656 $ 601,660 Residential 8,063,450 7,615,055 — 251,780 5,493 Land — — — 1,240,045 216,904 $ 8,063,450 $ 7,615,055 $ 9,229,481 $ 824,057 With an allowance recorded: Commercial $ 1,144,864 $ 1,078,752 $ 485,823 $ 1,079,699 $ 13,484 Residential — — — 7,983,345 63,000 Land — — — — — $ 1,144,864 1,078,752 $ 485,823 $ 9,063,044 $ 76,484 Total: Commercial $ 1,144,864 $ 1,078,752 $ 485,823 $ 8,817,355 $ 615,144 Residential 8,063,450 7,615,055 — 8,235,125 68,493 Land — — — 1,240,045 216,904 $ 9,208,314 $ 8,693,807 $ 485,823 $ 18,292,525 $ 900,541 The recorded investment balances presented in the above tables include amounts advanced in addition to principal on impaired loans (such as property taxes, insurance and legal charges) that are reimbursable by borrowers and are included in interest and other receivables in the accompanying consolidated balance sheets. Interest income recognized on a cash basis for impaired loans approximates the interest income recognized as reflected in the tables above. Troubled Debt Restructurings The Company had allocated approximately $495,000 and $486,000 of specific reserves on loans totaling approximately $8,809,000 and $9,208,000 (recorded investments before reserves) to borrowers whose loan terms had been modified in troubled debt restructurings as of March 31, 2016 and December 31, 2015, respectively. The Company has not committed to lend additional amounts to any of these borrowers. No loans were modified as troubled debt restructurings during the quarters ended March 31, 2016 and 2015.

Note 4 - Investment in Limited

Note 4 - Investment in Limited Liability Company	3 Months Ended
	Mar. 31, 2016
Equity Method Investments and Joint Ventures [Abstract]
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 4 – INVESTMENT IN LIMITED LIABILITY COMPANY During 2008, the Company entered into an operating agreement (the “Operating Agreement”) of 1850 De La Cruz LLC, a California limited liability company (“1850”), with Nanook Ventures LLC (“Nanook”), an unrelated party. The purpose of the joint venture is to acquire, own and operate certain industrial land and buildings located in Santa Clara, California that were owned by the Company. The property was subject to a Purchase and Sale Agreement dated July 24, 2007 (the “Sale Agreement”), as amended, between the Company, as seller, and Nanook, as buyer. During the course of due diligence under the Sale Agreement, it was discovered that the property was contaminated and that remediation and monitoring may be required. The parties agreed to enter into the Operating Agreement to restructure the arrangement as a joint venture. At the time of closing in July 2008, the two properties were separately contributed to two new limited liability companies, Nanook Ventures One LLC and Nanook Ventures Two LLC that are wholly owned by 1850. The Company and Nanook are the Members of 1850 and NV Manager, LLC is the manager. (See Note 13 for further discussion of the Company’s environmental remediation obligation with respect to the properties owned by 1850.) The Company received no distributions from 1850 during the three months ended March 31, 2016 and 2015. The net income to the Company from its investment in 1850 De La Cruz was approximately $43,000 and $43,000 during the three months ended March 31, 2016 and 2015, respectively.

Note 5 - Real Estate Held for S

Note 5 - Real Estate Held for Sale	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Real Estate Owned [Text Block]	NOTE 5 - REAL ESTATE HELD FOR SALE Real estate properties held for sale as of March 31, 2016 and December 31, 2015 consists of properties acquired through foreclosure classified by property type as follows: March 31, 2016 December 31, 2015 Residential $ 58,709,206 $ 51,942,601 Land (including land under development) 45,663,932 42,071,143 Office 4,718,987 4,716,487 Industrial — 1,460,935 $ 109,092,125 $ 100,191,166 Transfers During the three months ended March 31, 2016, the Company transferred one condominium property from “Held for investment” to “Held for sale” as the property was listed for sale and a sale was expected within the next year. During the three months ended March 31, 2015, the Company transferred three properties (one land, one residential and one industrial) from “Held for investment” to “Held for sale” as the properties were listed for sale and sales were expected within the next year. Impairment Losses No impairment losses were recorded during the three months ended March 31, 2016. During the three months ended March 31, 2015, the Company recorded an impairment loss of approximately $1,109,000 on the unimproved residential and commercial land located in Gypsum, Colorado due to a decrease in the listing price of the property and a reduction in the fair market value estimated by management. Sales During the three months ended March 31, 2016, the Company sold one industrial property and one office building in an office complex for aggregate net sales proceeds of approximately $6,479,000, resulting in total gain on sale of real estate of approximately $4,839,000. During the three months ended March 31, 2015, the Company sold one retail property for net sales proceeds of approximately $1,109,000, resulting in a gain on sale of real estate of approximately $53,000. In addition, the Company recognized gain of approximately $152,000 during the three months ended March 31, 2015 that had previously been deferred related to the sale of a real estate property in 2012. The gain on the sale of this property was being accounted for under the installment method. In March 2016, TOTB North and TOTB Miami entered into a Purchase Agreement and Deposit Receipt (the “Purchase Agreement”) with Interwest Capital Corporation (the “Buyer”) to sell all real estate and related properties owned by the TOTB entities (the “TOTB Sale”) for $82,000,000, subject to potential adjustments as described in the Purchase Agreement. Buyer’s obligation to purchase the TOTB properties is subject to a number of conditions and there is no guarantee when or if the transaction will close. The aggregate book value of the TOTB properties subject to sale was approximately $54,526,000 as of March 31, 2016.

Note 6 - Real Estate Held for I

Note 6 - Real Estate Held for Investment	3 Months Ended
	Mar. 31, 2016
Real Estate Held For Investment Disclosure [Abstract]
Real Estate Held For Investment Disclosure [Text Block]	NOTE 6 - REAL ESTATE HELD FOR INVESTMENT Real estate held for investment as of March 31, 2016 and December 31, 2015 consists of properties acquired through foreclosure classified by property type as follows: March 31, 2016 December 31, 2015 Retail $ 23,063,829 $ 23,122,714 Land 8,112,676 8,112,676 Residential 2,441,772 6,673,540 Assisted care 5,431,169 5,402,376 Office 4,111,383 4,315,608 Marina 4,063,948 4,079,087 Golf course 1,930,647 1,941,245 $ 49,155,424 $ 53,647,246 The balances of land and the major classes of depreciable property for real estate held for investment as of March 31, 2016 and December 31, 2015 are as follows: March 31, 2016 December 31, 2015 Land and land improvements $ 22,374,479 $ 23,443,676 Buildings and improvements 29,341,989 33,119,166 51,716,468 56,562,842 Less: Accumulated depreciation (2,561,044 ) (2,915,596 ) $ 49,155,424 $ 53,647,246 It is the Company’s intent to sell the majority of its real estate properties held for investment, but expected sales are not probable to occur within the next year. Depreciation expense was approximately $327,000 and $580,000 for the three months ended March 31, 2016 and 2015, respectively. Certain of the Company’s real estate properties held for sale and investment are leased to tenants under noncancellable leases with remaining terms ranging from one to eight years. Certain of the leases require the tenant to pay all or some operating expenses of the properties. The future minimum rental income from noncancellable operating leases due within the five years subsequent to March 31, 2016 and thereafter is as follows: Twelve months ending March 31: 2017 $ 4,138,779 2018 2,100,465 2019 1,646,773 2020 1,129,873 2021 526,693 Thereafter (through 2024) 1,280,518 $ 10,823,101

Note 7 - Lines of Credit Payabl

Note 7 - Lines of Credit Payable	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	NOTE 7 – LINES OF CREDIT PAYABLE The Company borrows funds under the revolving California Bank & Trust (“CB&T”) line of credit and the revolving Opus Bank (“Opus”) line of credit (collectively, the “Funding Agreements”). As of March 31, 2016 and December 31, 2015, the outstanding balances and total commitments under the Funding Agreements consisted of the following: As of March 31, 201 6 As of December 31, 201 5 Outstanding Balance Total Commitment Outstanding Balance Total Commitment CB&T Line of Credit $ 17,477,500 $ 19,531,915 $ 8,289,500 $ 22,574,753 Opus Bank Line of Credit 9,375,000 9,375,000 12,626,000 12,626,000 Total $ 26,852,500 $ 28,906,915 $ 20,915,500 $ 35,200,753 The Funding Agreements are generally collateralized by assignments of specific loans or real estate properties owned by the Company. CB&T Line of Credit In February 2014, the Company entered into a Credit Agreement and Advance Formula Agreement and related agreements with CB&T as the lender (the “CB&T Credit Facility”).The agreements were amended and restated in April 2015 to add First Bank as an additional lender and to increase the maximum borrowings available (total commitment) under the facility to the lesser of a $30,000,000 maximum or the amount determined pursuant to a borrowing base calculation described in the Advance Formula Agreement. Pursuant to the First Amendment to Amended and Restated Credit Agreement and Loan Documents dated March 1, 2016 (the “First Amendment”), the maximum commitment of the lenders under the facility has been increased from $30,000,000 to $50,000,000, such maximum commitment can be increased (on request of the Company and with the permission of the lenders) in the future to up to $75,000,000, and borrowings under the CB&T Credit Facility now mature on March 1, 2018. Such borrowings bear interest payable monthly at the prime rate of interest established by CB&T from time-to-time plus one quarter percent (.25%) per annum (3.75% at March 31, 2016). Upon a default such interest rate increases by 2.00%. The original CB&T Credit Facility required the payment of an origination fee of $100,000 and other issuance costs totaling $177,000 that were capitalized to deferred financing costs and were being amortized to interest expense using the straight-line method through the maturity date of the CB&T Credit Facility (fully amortized as of March 31, 2016). The First Amendment required the payment of an origination fee and other costs totaling $255,000 that was capitalized to deferred financing costs and is being amortized to interest expense using the straight-line method through the new maturity date. The Company is also subject to certain ongoing administrative fees and expenses. Interest expense on the CB&T Credit Facility was approximately $188,000 and $161,000 during the three months ended March 31, 2016 and 2015, respectively (including $34,000 and $23,000, respectively, in amortization of deferred financing costs). Borrowings are secured by certain assets of the Company. These collateral assets will include the grant to CB&T of first-priority deeds of trust on certain real property assets and trust deeds of the Company to be identified by the parties from time-to-time and all personal property of the Company, which collateral includes the assets described in the Security Agreement and in other customary collateral agreements entered into by the parties from time-to-time. As of March 31, 2016, the carrying amount and classification of loans and real estate properties securing the CB&T Credit Facility were as follows: Loans: March 31 , 201 6 Commercial $ 18,246,915 Residential 1,285,000 Total $ 19,531,915 The CB&T Credit Facility agreements contain financial covenants which are customary for a loan of this type. Management is not aware of any breach of these covenants as of March 31, 2016. Opus Bank Line of Credit In April 2014, the Company entered into a Secured Revolving Credit Loan Agreement (the “Opus Credit Agreement”) and related agreements with Opus as the lender (the “Opus Credit Facility”). The maximum borrowings available (total commitment) under the facility is the lesser of $20,000,000 or the Maximum Allowed Advance amount determined pursuant to a borrowing base calculation described in the Opus Credit Agreement. Advances under the Opus Credit Facility were available from Opus until April 1, 2016. All borrowings under the Opus Credit Facility bear interest payable monthly as follows: (i) commencing October 1, 2014, and on each successive six month anniversary during the term (the “Rate Change Date”), the rate of interest will be reset to the Six Month LIBOR rate of interest (0.90% at March 31, 2016) as reported on such Rate Change Date plus four percent (4.0%) per annum but in no event will the interest rate be lower than 4.5% per annum. The interest rate as of March 31, 2016 was 4.9%. Upon a default under the Opus Credit Facility such interest rate increases by an additional 5.00%. Commencing on May 1, 2016, in addition to the required interest payments, the Company is required to make mandatory monthly principal payments. All amounts under the Opus Credit Facility are to be repaid not later than April 1, 2017. The Opus Credit Facility required the payment of an origination fee of $100,000 and other issuance costs totaling $231,000 that were capitalized as deferred financing costs and are being amortized to interest expense using the straight-line method through the maturity date of the Opus Credit Facility. The Company is also subject to certain ongoing administrative fees and expenses. Interest expense on the Opus Credit Facility was approximately $109,000 and $19,000 during the three months ended March 31, 2016 and 2015, respectively (including $19,000 and $19,000, respectively, in amortization of deferred financing costs). Borrowings under the Opus Credit Facility are secured by certain of the Company's assets. These collateral assets include the following types of assets as identified by the parties and described in Borrowing Base Collateral Certificates entered into by the parties: (i) the grant to Opus of first-priority deeds of trust on certain of the Company's real property assets that meet related eligibility requirements set forth in the Opus Credit Agreement (as further defined in the Opus Credit Agreement, the “REO Collateral”); and (ii) the grant to Opus of a collateral interest in mortgage loan promissory notes issued by the Company in the ordinary course of business that meet related eligibility requirements set forth in the Opus Credit Agreement (as further defined in the Opus Credit Agreement, the “Note Collateral”). As of March 31, 2016, the carrying amount and classification of loans and real estate properties securing the Opus Credit Facility were as follows: Loans: March 31, 201 6 Commercial $ 7,000,000 Real Estate: Office $ 8,247,422 The Opus Credit Facility contains financial covenants which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2016.

Note 8 - Notes and Loans Payabl

Note 8 - Notes and Loans Payable on Real Estate	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Mortgage Notes Payable Disclosure [Text Block]	NOTE 8 - NOTES AND LOANS PAYABLE ON REAL ESTATE The Company had the following notes and loans payable outstanding as of March 31, 2016 and December 31, 2015: March 31, 2016 December 31, 2015 Interest Rate Payment Terms/ Frequency Maturity Date Tahoe Stateline Venture, LLC Note #1 $ 2,900,000 $ 2,900,000 5.00 % Interest Only Semi-annual December 2016 Tahoe Stateline Venture, LLC Note #3 500,000 500,000 5.00 % Interest Only Quarterly August 2017 TOTB North, LLC Construction Loan Payable 17,572,767 16,009,906 4.63 % Amortizing Monthly June 2017 TOTB Miami, LLC Loan Payable 12,619,785 12,693,231 4.63 % Amortizing Monthly November 2017 Tahoe Stateline Venture, LLC Loan Payable 13,920,376 14,013,901 3.47 % Amortizing Monthly January 2021 Principal amount $ 47,512,928 $ 46,117,038 Less unamortized deferred financing costs (568,530 ) (658,194 ) Notes and loans payable, net $ 46,944,398 $ 45,458,844 The following table shows maturities by year on these notes and loans payable as of March 31, 2016: Twelve months ending March 31: 2017 $ 3,582,467 2018 30,788,183 2019 409,743 2020 424,190 2021 12,308,345 $ 47,512,928 Tahoe Stateline Venture, LLC Notes Payable The Company obtained these obligations as a result of the foreclosure or purchase of nine parcels by TSV in 2013 and 2012. The Company paid approximately $6,000 and $6,000 of interest on the notes during the three months ended March 31, 2016 and 2015, respectively. As of March 31, 2016 and December 31, 2015, there was approximately $55,000 and $18,000, respectively, in accrued but unpaid interest on these notes. The interest incurred has been capitalized to the basis of the land under development. TOTB North, LLC Construction Loan Payable In June 2014, TOTB North, LLC (“TOTB North”) entered into a Construction Loan Agreement (the “Loan Agreement”) and related documents with Bank of the Ozarks (“Ozarks”) as the lender providing TOTB North with a loan (the “North Loan”) of up to $21,304,000 to renovate and improve the vacant and unimproved “North” apartment building held in TOTB North (the “Project”). The North Loan is secured by a first mortgage lien on the North building and all improvements and certain other assets, and is cross-defaulted and cross-collateralized with the TOTB Miami, LLC Loan Payable described below. The initial maturity date (the “Maturity Date”) of the North Loan is June 12, 2017, which may be extended at the option of TOTB North for two additional one year periods, subject to certain conditions. All outstanding borrowings under the North Loan bear interest equal to the floating daily Three Month LIBOR rate of interest plus four percent (4.0%) per annum (the “Note Rate”), but the Note Rate will not be lower than four and one-half percent (4.5%) per annum. The Note Rate as of March 31, 2016 was 4.63% per annum. Upon a default under the North Loan documents the Note Rate increases by an additional eight percent (8.00%) per annum. Interest only payments are payable monthly until the “Amortization Commencement Date” which is the earlier to occur of (i) October 1, 2016 or (ii) the first monthly interest payment date occurring after the Project is completed and the North property achieves a DSCR of greater than 1.25:1. Commencing on the Amortization Commencement Date, monthly principal payments are also required with principal amortizing over 300 months and the balance of the North Loan is due on the Maturity Date or at the earlier closing of the proposed sale of the TOTB properties discussed in further detail below. TOTB North made a required deposit with Ozarks of $1.0 million (the “Bridge Equity”) in 2014 using a capital contribution by TOTB (excess funds held and capital contributions of $453,000 from the Company and $108,000 from OFG). The Bridge Equity was provided to fund project costs pending satisfaction of additional post-closing conditions under the loan documents, and Ozarks reimbursed the Bridge Equity as part of the loan in February 2015. All post-closing conditions were met in February 2015, and TOTB North was given access to the remaining balance of the North Loan once the Company and OFG contributed an additional $1,170,000 and $279,000, respectively, during the quarter ended March 31, 2015 due to increased construction costs for the Project. During 2014, TOTB North paid customary closing fees, disbursements and expenses, including an origination fee to Ozarks, which totaled $622,000. The majority of these costs were paid out of proceeds from the North Loan and capitalized to deferred financing costs and are being amortized to the Project using the straight-line method through the Maturity Date. During the three months ended March 31, 2016 and 2015, approximately $36,000 and $52,000, respectively, of deferred financing costs were amortized to the Project. During the three months ended March 31, 2016 and 2015, approximately $197,000 and $14,000, respectively, of interest was incurred of which $134,000 and $14,000, respectively, was capitalized to the Project. The Project was substantially completed at the beginning of March 2016 and, thus, interest and amortization of deferred financing costs totaling approximately $79,000 were expensed during the quarter. The balance of unamortized deferred financing costs was approximately $242,000 and $294,000 as of March 31, 2016 and December 31, 2015, respectively. In March 2016, TOTB North and TOTB Miami entered into a Purchase Agreement and Deposit Receipt (the “Purchase Agreement”) with Interwest Capital Corporation (the “Buyer”) to sell all real estate and related properties owned by the TOTB entities (the “TOTB Sale”) for $82,000,000, subject to potential adjustments as described in the Purchase Agreement. Buyer’s obligation to purchase the TOTB properties is subject to a number of conditions and there is no guarantee when or if the transaction will close. The North Loan documents contain financial covenants of TOTB North and the Guarantors which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2016. TOTB Miami, LLC Loan Payable In November 2014, TOTB Miami, LLC (“TOTB”) entered into another loan agreement (the “TOTB Loan Agreement”) and related documents with Ozarks providing TOTB a loan (the “TOTB Miami Loan”) of $13,000,000 secured by a first mortgage lien on the 154 leased condominium units owned in the Pointe building and the related parcel and all improvements as well as certain other assets. As a condition of providing the TOTB Miami Loan, Ozarks required that the TOTB Miami Loan and the North Loan be cross-collateralized and cross-defaulted, that excess proceeds from any sale of the North property be used to reduce or pay off the TOTB Miami Loan and that excess proceeds from any sale of the TOTB property be used to pay off the North Loan. The net cash proceeds from the TOTB Miami Loan were distributed to the members of TOTB in 2014. The initial maturity date (the “Maturity Date”) of the TOTB Miami Loan is November 16, 2017, and the Maturity Date may be extended at the option of TOTB for two additional one year periods if a number of conditions are met. All outstanding borrowings under the TOTB Miami Loan will bear interest equal to the floating daily Three Month LIBOR rate of interest plus four percent (4.0%) per annum (the “Note Rate”), but in no event will the Note Rate be lower than four and one-quarter percent (4.25%) per annum. The Note Rate as of March 31, 2016 was 4.63% per annum. Upon a default under the TOTB Miami Loan documents, including any cross-default, the Note Rate increases by an additional eight percent (8.00%) per annum. Principal and interest is payable monthly with principal amortizing over 300 months, and the balance of the loan is due on the Maturity Date or at the earlier closing of the proposed TOTB Sale. TOTB was obligated to pay customary closing fees, disbursements and expenses, including an origination fee to the Lender, which totaled approximately $323,000. The majority of these costs were paid out of proceeds from the loan and capitalized to deferred financing costs and are being amortized to interest expense using the effective interest method through the Maturity Date. During the three months ended March 31, 2016 and 2015, approximately $177,000 and $166,000, respectively, of interest expense was incurred (including approximately $29,000 and $28,000, respectively, of deferred financing costs amortized to interest expense). The balance of unamortized deferred financing costs was approximately $153,000 and $182,000 as of March 31, 2016 and December 31, 2015, respectively. The TOTB Miami Loan documents contain financial covenants of TOTB and the Guarantors which are customary for loans of this type. Management is not aware of any breach of these covenants as of March 31, 2016. Tahoe Stateline Venture, LLC Loan Payable In December 2014, Tahoe Stateline Ventures, LLC (“TSV”) entered into a Credit Agreement (the “Credit Agreement”) and related documents with RaboBank, N.A. as the lender (“Lender”) providing TSV with a loan (the “TSV Loan”) of up to $14,500,000. TSV borrowed $10,445,000 at the first closing under the TSV Loan and an additional $3,830,000 was borrowed in September 2015. The maturity date of the TSV Loan is January 1, 2021 (the “Maturity Date”). All outstanding borrowings under the TSV Loan documents bear interest initially at a rate of 3.47% per annum (the “Long Term Adjustable Rate”), provided that on January 1, 2018 the Long Term Adjustable Rate will be reset to Lender’s then current market rate for three year fixed rate loans from comparable commercial real estate secured transactions, as determined by Lender in its sole discretion. Upon a default under the TSV Loan documents, the interest rate on the outstanding principal balance increases by an additional five percent (5.00%) per annum and the rate on any other outstanding obligations thereunder increases to ten percent (10.00%) per annum. Prepayments under the TSV Loan documents are subject to certain prepayment fees; provided that during the 90 day period immediately prior to January 1, 2018, and the 90 day period immediately prior to the Maturity Date, TSV may prepay the entire unpaid balance of the Loan in full, without any Prepayment Fee or penalty. During the term of the TSV Loan, TSV will make equal combined payments of principal and accrued interest on the first day of each month in an amount calculated to fully amortize the original principal amount over a period of 300 months, subject to certain adjustments and the balance of the TSV Loan is due on the Maturity Date. The Credit Agreement required the payment of a closing fee of $108,750 and certain administrative fees totaling approximately $218,000. The TSV Loan documents contain financial covenants which are customary for loans of this type . Management is not aware of any breach of these covenants as of March 31, 2016.

Note 9 - Transactions with Affi

Note 9 - Transactions with Affiliates	3 Months Ended
	Mar. 31, 2016
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	NOTE 9 - TRANSACTIONS WITH AFFILIATES In consideration of the management services rendered to the Company pursuant to the management agreement between the Company and OFG (the “Management Agreement”), OFG is entitled to receive from the Company a management fee payable monthly, subject to a maximum of 2.75% per annum of the average unpaid balance of the Company’s mortgage loans. All of the Company’s loans are serviced by OFG, in consideration for which OFG receives a monthly fee, which, when added to all other fees paid in connection with the servicing of a particular loan, does not exceed the lesser of the customary, competitive fee paid in the community where the loan is placed for the provision of such mortgage services on that type of loan, or up to 0.25% per annum of the unpaid principal balance of the loans. OFG, at its sole discretion may, on a monthly basis, adjust the management and servicing fees as long as they do not exceed the allowable limits calculated on an annual basis. Even though the fees for a month may exceed 1 The maximum management and servicing fees were paid to OFG during the three months ended March 31, 2016 and 2015. In determining the management fees to pay to OFG, OFG may consider a number of factors, including current market yields, delinquency experience, un-invested cash and real estate activities. During the three months ended March 31, 2016 and 2015 and the year ended December 31, 2015, OFG elected to take the maximum compensation that it is able to take pursuant to the Company’s charter and will likely continue to take the maximum compensation for the foreseeable future. Pursuant to the charter, OFG receives all late payment charges from borrowers on loans owned by the Company. The amounts paid to or collected by OFG for such charges totaled approximately $3,000 and $17,000 for the three months ended March 31, 2016 and 2015, respectively. In addition, the Company remits other miscellaneous fees to OFG, which are collected from loan payments, loan payoffs or advances from loan principal (i.e. funding, demand and partial release fees). The amounts paid to or collected by OFG for such fees totaled approximately $4,000 and $2,000 during the three months ended March 31, 2016 and 2015, respectively. OFG originates all loans the Company invests in and receives loan origination and extension fees from borrowers. During the three months ended March 31, 2016 and 2015, OFG earned approximately $718,000 and $244,000, respectively, in loan fees on loans originated of $35,150,000 and $10,438,000, respectively. OFG is reimbursed by the Company for the actual cost of goods, services and materials used for or by the Company and paid by OFG and the salary and related salary expense of OFG’s non-management and non-supervisory personnel performing services for the Company which could be performed by independent parties (subject to certain limitations in the Management Agreement). The amounts reimbursed to OFG by the Company were $114,000 and $131,000 during the three months ended March 31, 2016 and 2015, respectively, and approximately $39,000 and $142,000 were payable to OFG at March 31, 2016 and December 31, 2015, respectively. The Company also reimbursed certain of OFG’s officers for allowed expenses in the total amount of $0 and $1,000 during the three months ended March 31, 2016 and 2015, respectively. The Company paid Investor’s Yield, Inc. (a wholly owned subsidiary of OFG) approximately $0 and $7,000 in fees primarily related to certain foreclosure proceedings on Company loans during the three months ended March 31, 2016 and 2015, respectively. During the three months ended March 31, 2015, the Company purchased OFG’s full interest in a loan secured by an industrial property located in San Ramon, California with a principal balance of $1,499,000 at face value.

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	3 Months Ended
	Mar. 31, 2016
Stockholders' Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 – STOCKHOLDERS’ EQUITY On December 11, 2015, the Board of Directors authorized a new Rule 10b5-1 stock repurchase plan (the “2016 Repurchase Plan”) under which the Company may purchase up to $7.5 million of its Common Stock. Under the 2016 Repurchase Plan, repurchases will be funded from available working capital, and the repurchased shares will return to the status of authorized but unissued shares of Common Stock. The 2016 Repurchase Plan provides for stock repurchases to commence on April 1, 2016 and is subject to certain price, volume and timing constraints specified in the brokerage agreement. There is no guarantee as to the exact number of shares that will be repurchased by the Company. The 2016 Repurchase Plan is set to expire on March 31, 2017, although the Company may terminate the Repurchase Plan at any time.

Note 11 - Restricted Cash

Note 11 - Restricted Cash	3 Months Ended
	Mar. 31, 2016
Loss Contingency [Abstract]
Contingencies Disclosure [Text Block]	NOTE 11 – RESTRICTED CASH Contingency Reserves In accordance with the charter, the Company is required to maintain cash, cash equivalents and marketable securities as contingency reserves in an aggregate amount of 1-1/2% of Capital as defined in the charter. Although the Manager believes the contingency reserves are adequate, it could become necessary for the Company to sell or otherwise liquidate certain of its investments or other assets to cover such contingencies on terms which might not be favorable to the Company, which could lead to unanticipated losses upon sale of such assets. The contingency reserves required per the charter as of March 31, 2016 and December 31, 2015 were approximately $3,892,000 and $3,809,000, respectively, and are reported as restricted cash in the accompanying consolidated balance sheets. The $7,000,000 required to be held in non-interest bearing accounts as of March 31, 2016 pursuant to the Company’s two lines of credit agreements satisfy this contingency reserve requirement. Escrow Deposits Restricted cash includes deposits held in third party escrow accounts to pay property taxes and insurance on Company real estate in the amounts of approximately $329,000 and $225,000 as of March 31, 2016 and December 31, 2015, respectively.

Note 12 - Fair Value

Note 12 - Fair Value	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	NOTE 12 – FAIR VALUE The Company accounts for its financial and nonfinancial assets and liabilities pursuant to ASC 820 – Fair Value Measurements and Disclosures Fair value is defined in ASC 820 as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. ASC 820 also establishes a fair value hierarchy which requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. The standard describes three levels of inputs that may be used to measure fair value: Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 prices, such as quoted prices for similar assets or liabilities; quoted prices in active markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities Level 3 Unobservable inputs that are supported by little or no market activity, such as the Company's own data or assumptions. Level 3 inputs include unobservable inputs that are used when there is little, if any, market activity for the asset or liability measured at fair value. In certain cases, the inputs used to measure fair value fall into different levels of the fair value hierarchy. In such cases, the level in which the fair value measurement in its entirety falls is determined based on the lowest level input that is significant to the fair value measurement. The Company’s assessment of the significance of a particular input requires judgment and considers factors specific to the asset or liability being measured. Management monitors the availability of observable market data to assess the appropriate classification of financial instruments within the fair value hierarchy. Changes in economic conditions or model-based valuation techniques may require the transfer of financial instruments from one fair value level to another. In such instances, the transfer is reported at the beginning of the reporting period. Management evaluates the significance of transfers between levels based upon the nature of the financial instrument and size of the transfer relative to total assets, total liabilities or total earnings. The following is a description of the Company’s valuation methodologies used to measure and disclose the fair values of its financial and nonfinancial assets and liabilities on a nonrecurring basis. There were no assets or liabilities measured at fair value on a recurring basis. Impaired Loans The Company does not record loans at fair value on a recurring basis. However, from time to time, a loan is considered impaired and a specific allowance for loan losses is established. A loan is considered impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the contractual terms of the loan agreement or when monthly payments are delinquent greater than ninety days. Once a loan is identified as impaired, management measures impairment in accordance with ASC 310-10-35. The fair value of impaired loans is estimated by either an observable market price (if available) or the fair value of the underlying collateral, if collateral dependent. The fair value of the loan’s collateral is determined by third party appraisals (by licensed appraisers), broker price opinions, comparable property sales or other indications of value. Those impaired loans not requiring an allowance represent loans for which the fair value of the collateral exceed the recorded investments in such loans. At March 31, 2016 and December 31, 2015, the majority of the total impaired loans were evaluated based on the fair value of the collateral by obtaining third party appraisals that valued the collateral primarily by utilizing an income or market approach or some combination of the two. In accordance with ASC 820, impaired loans where an allowance is established based on the fair value of collateral require classification in the fair value hierarchy. Because appraisals used by management generally include significant unobservable inputs and market data, the Company records the impaired loan as nonrecurring Level 3. Unobservable market data included in appraisals often includes adjustments to comparable property sales for such items as location, size and quality to estimate fair values using a sales comparison approach. Unobservable market data also includes cash flow assumptions and capitalization rates used to estimate fair values under an income approach. Real Estate Held for Sale and Investment Real estate held for sale and investment includes properties acquired through foreclosure of the related loans. When property is acquired, any excess of the Company’s recorded investment in the loan and accrued interest income over the estimated fair market value of the property, net of estimated selling costs, is charged against the allowance for loan losses. Subsequently, real estate properties held for sale are carried at the lower of carrying value or fair value less costs to sell. The Company periodically compares the carrying value of real estate held for investment to expected future cash flows as determined by internally or third party generated valuations (including third party appraisals that primarily utilize an income or market approach or some combination of the two) for the purpose of assessing the recoverability of the recorded amounts. If the carrying value exceeds future undiscounted cash flows, the assets are reduced to fair value. The fair value of real estate held for sale and investment is estimated using appraisals in a manner similar to that of collateral dependent impaired loans described above which generally results in a Level 2 or Level 3 classification in the fair value hierarchy. The following table presents information about the Company’s assets and liabilities measured at fair value on a nonrecurring basis as of March 31, 2016 and December 31, 2015: Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2016 Nonrecurring: Impaired loans: Commercial $ 676,800 $ — $ — $ 676,800 Total $ 676,800 $ — $ — $ 676,800 Real estate properties: Land $ 4,224,000 $ — $ — $ 4,224,000 Total $ 4,224,000 $ — $ — $ 4,224,000 December 31, 2015 Nonrecurring: Impaired loans: Commercial $ 659,041 $ — $ — $ 659,041 Total $ 659,041 $ — $ — $ 659,041 Real estate properties: Land $ 4,224,000 $ — $ — $ 4,224,000 Total $ 4,224,000 $ — $ — $ 4,224,000 The provision for loan losses based on the fair value of loan collateral less estimated selling costs for the impaired loans above totaled approximately $9,000 and $3,000 during the three months ended March 31, 2016 and 2015, respectively. Impairment losses of approximately $0 and $1,109,000 were recorded on real estate properties during the three months ended March 31, 2016 and 2015, respectively. There were no liabilities measured at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015. The following table presents quantitative information about Level 3 fair value measurements for financial instruments measured at fair value on a non-recurring basis at March 31, 2016 and December 31, 2015: At March 31, 2016 Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Commercial $ 676,800 Appraisal Estimated Cost of Improvements 31.9% N/A Capitalization Rate 7.0% N/A Comparable Sales Adjustment (20)% to 30% N/A Real Estate Properties: Land $ 4,224,000 Appraisal Comparable Sales Adjustment (33.4)% N/A At December 31, 2015 Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Commercial $ 659,041 Appraisal Estimated Cost of Improvements 31.9% N/A Capitalization Rate 7.0% N/A Comparable Sales Adjustment (20)% to 30% N/A Real Estate Properties: Land $ 4,224,000 Appraisal Comparable Sales Adjustment (33.4)% N/A Where only one percentage is presented in the above table there was only one unobservable input of that type for one loan or property. Adjustments to comparable sales included items such as market conditions, location, size, condition, access/frontage and intended use. A weighted average of an unobservable input is presented in the table above only to the extent there were multiple impaired loans or real estate properties measured at fair value on a nonrecurring basis. The approximate carrying amounts and estimated fair values of financial instruments at March 31, 2016 and December 31, 2015 are as follows: Fair Value Measurements at March 31, 2016 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 3,228,000 $ 3,228,000 $ — $ — $ 3,228,000 Restricted cash 7,329,000 7,329,000 — — 7,329,000 Loans, net 109,726,000 — — 109,723,000 109,723,000 Investment in limited liability company 2,184,000 — — 2,352,000 2,352,000 Accrued interest and advances receivable 1,264,000 — — 1,264,000 1,264,000 Financial liabilities Due to Manager $ 318,000 $ — $ 318,000 $ — $ 318,000 Accrued interest payable 290,000 — 195,000 95,000 290,000 Lines of credit payable 26,853,000 — 26,853,000 — 26,853,000 Notes payable 46,944,000 — 29,797,000 16,987,000 46,784,000 Fair Value Measurements at December 31, 2015 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,256,000 $ 1,256,000 $ — $ — $ 1,256,000 Restricted cash 7,225,000 7,225,000 — — 7,225,000 Loans, net 104,901,000 — — 104,895,000 104,895,000 Investment in limited liability company 2,141,000 — — 2,352,000 2,352,000 Interest and other receivables 1,105,000 — — 1,105,000 1,105,000 Financial liabilities Due to Manager $ 409,000 $ — $ 409,000 $ — $ 409,000 Accrued interest payable 229,000 — 170,000 59,000 229,000 Lines of credit payable 20,916,000 20,916,000 — 20,916,000 Notes payable 45,459,000 — 28,227,000 17,063,000 45,290,000 The following methods and assumptions were used by the Company in estimating the fair value of each class of financial instruments: Cash, cash equivalents and restricted cash: The carrying value of cash and cash equivalents and restricted cash approximate the fair values because of the relatively short maturity and/or liquid nature of these instruments and are classified as Level 1. Loans, net: Except as it relates to impaired loans measured at fair value on a nonrecurring basis discussed previously, the fair value of loans is estimated using discounted cash flow methodology, using discount rates, which, in the opinion of management, best reflect current market interest rates that would be offered for loans with similar characteristics and credit quality but are often unobservable resulting in a Level 3 classification. Accrued interest and advances receivable relate to loans and are thus classified as Level 3. Investment in limited liability company The fair value of the Company’s investment in limited liability company is estimated based on an appraisal obtained and is classified as Level 3 because the appraisal itself and/or adjustments thereto include unobservable data similar to the unobservable data discussed in the disclosures related to assets measured at fair value on a nonrecurring basis. Lines of credit payable: The fair values of the Company’s lines of credit are estimated based upon a discounted cash flow model using comparable market indicators of current pricing for the same or similar issue or on the current rate offered to the Company for debt of the same remaining maturity and is generally observable resulting in a Level 2 classification. Accrued interest payable associated with the lines of credit is also classified as Level 2. Notes and loans payable: The fair values of the Company’s notes and loans payable and related accrued interest payable are estimated based upon a discounted cash flow model using comparable market indicators of current pricing for the same or similar issues or on the current rates offered to the Company for debt of the same remaining maturities resulting in either a Level 2 or Level 3 classification. Generally, Level 2 inputs are used for notes and loans payable with maturities of one year or less or that have been entered into in relatively close proximity to the balance sheet date and Level 3 inputs are used for other notes and loans payable. Accrued interest payable associated with the notes and loans payable is also classified as either Level 2 or Level 3. Due to Manager: The carrying value of Due to Manager is estimated to approximate fair value due to the short term nature of this instrument and is classified as Level 2.

Note 13 - Commitments and Conti

Note 13 - Commitments and Contingencies	3 Months Ended
	Mar. 31, 2016
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	NOTE 13 - COMMITMENTS AND CONTINGENCIES Environmental Remediation Obligations The Company has an obligation to pay all required costs to remediate and monitor contamination of the real properties owned by 1850. As part of the Operating Agreement executed by the Company and its joint venture partner in 1850, Nanook, the Company has indemnified Nanook against all obligations related to the expected costs to monitor and remediate the contamination. In 2008, the Company had accrued an amount that a third party consultant had estimated would be needed to monitor and remediate the site. The majority of clean-up activities were completed during 2012 as part of the tenant’s construction of a new building on the site. As of March 31, 2016 and December 31, 2015, approximately $24,000 and $36,000 of this obligation remains accrued on the Company’s books. In February 2016, the Company obtained a no further action letter from the water board, which effectively relieves the Company of any future remediation responsibility for the site. During the course of due diligence performed by a potential buyer of TOTB during 2012, a low level of arsenic was found in the ground water of a monitoring well located on the property owned by TOTB. While the level of arsenic exceeds the minimum level acceptable for drinking water standards, the water under this property is subject to tidal influence and is not used for domestic consumption. TOTB retained an environmental consultant to perform additional testing and analysis with the goal of petitioning the appropriate governmental agency to issue a no further action letter for this property due to the low level of contamination and the low quality of the ground water under the property. TOTB has submitted a proposed closure letter to the governmental agency and is waiting for final approval. At this time, the costs of any potential remediation and/or monitoring are unknown and cannot be estimated. As of March 31, 2016 and December 31, 2015, approximately $127,000 and $104,000 had been accrued and/or paid for testing and analysis. Contractual Obligations The Company has entered into various contracts for design, architectural, engineering, foundation work and construction for the phase II development of the land owned by Zalanta Resort at the Village, LLC (“Zalanta”). The aggregate amount of these contracts totaled approximately $31,166,000 of which approximately $7,050,000 had been incurred as of March 31, 2016 in addition to other capitalized costs related to the construction project of $2,227,000 (total of $9,277,000). Management expects that all costs for this project will be paid from cash reserves, advances from the lines or credit and/or construction financing to be obtained in the future. It is possible that additional change orders will be submitted and construction costs may be higher than expected. As of March 31, 2016, the Company has commitments to advance additional funds to borrowers of construction, rehabilitation and other loans in the total amount of approximately $28,224,000 (including approximately $2,963,000 in interest reserves). Legal Proceedings The Company is involved in various legal actions arising in the normal course of business. In the opinion of management, such matters will not have a material effect upon the financial position of the Company.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended
	Mar. 31, 2016
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation Princip les of Consolidation The consolidated financial statements include the accounts of the Company, its wholly-owned taxable REIT subsidiary (TRS) and its majority- and wholly-owned limited liability companies. The Company is in the business of providing mortgage lending services and manages its business as one operating segment. Due to foreclosure activity, the Company also owns and manages real estate assets. Certain reclassifications, not affecting previously reported net income or stockholders’ equity, have been made to the previously issued consolidated financial statements to conform to the current period presentation.
Use of Estimates, Policy [Policy Text Block]	Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates are inherently imprecise and actual results could differ significantly from such estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In March 2016, the FASB issued Accounting Standards Update 2016-07, “Investments – Equity Method and Joint Ventures (Topic 323) – Simplifying the Transition to the Equity Method of Accounting”, or ASU 2016-07. To simplify the accounting for equity method investments, the amendments in ASU 2016-07 eliminate the requirement in Topic 323 that an entity retroactively adopt the equity method of accounting if an investment qualifies for use of the equity method as a result of an increase in the level of ownership or degree of influence. The amendments require that the equity method investor add the cost of acquiring the additional interest in the investee to the current basis of the investor’s previously held interest and adopt the equity method of accounting as of the date the investment becomes qualified for equity method accounting. This standard is effective for interim and annual reporting beginning after December 15, 2016, with early adoption permitted. The Company is currently evaluating the impact that ASU 2016-07 may have on its consolidated financial statements. In February 2016, the FASB issued Accounting Standards Update 2016-02, “Leases (Topic 842)” or ASU 2016-02. ASU 2016-02 amends existing guidance related to leases, primarily by requiring the recognition of lease assets and lease liabilities by lessees for those leases classified as operating leases under the current accounting guidance. This standard is effective for interim and annual reporting beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the impact that ASU 2016-02 may have on its consolidated financial statements. In January 2016, the FASB issued Accounting Standards Update 2016-01, “Financial Instruments- Overall (Subtopic 825-10) – Recognition and Measurement of Financial Assets and Financial Liabilities”, or ASU 2016-1. ASU 2016-01 amends existing guidance related to the disclosure, presentation, recognition and measurement of financial assets and financial liabilities. This accounting standard primarily amends the accounting for equity method investments, fair value disclosures and presentation of financial assets and financial liabilities. This standard is effective for interim and annual reporting beginning after December 15, 2017, with certain aspects available for early adoption. The Company is currently evaluating the impact that ASU 2016-01 may have on its consolidated financial statements. In May 2014, the FASB issued Accounting Standards Update 2014-09, “Revenue from Contracts with Customers (Topic 606),” or ASU 2014-09. ASU 2014-09 broadly amends the accounting guidance for revenue recognition. ASU 2014-09 is effective for the first interim or annual period beginning after December 15, 2017, and is to be applied prospectively. Early adoption is not permitted. The Company is currently evaluating the impact that ASU 2014-09 may have on its consolidated financial statements. Recently Adopted Accounting Pronouncements In April 2015, the FASB issued Accounting Standards Update 2015-03, “Interest - Imputation of Interest (Subtopic 835-30) – Simplifying the Presentation of Debt Issuance Costs,” or ASU 2015-03. ASU 2015-03 simplifies the presentation of debt issuance costs by requiring that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. In August 2015, the FASB issued ASU 2015-15 which clarified that the SEC would not object to entities continuing to report debt issuance costs on line of credit arrangements as assets. The recognition and measurement guidance for debt issuance costs are not affected by these ASUs. The Company adopted these ASUs retrospectively during the quarter ended March 31, 2016 and elected to continue to report its deferred financing costs on lines of credit as assets, as allowed by the clarifying guidance issued in ASU 2015-15. Adoption of these standards resulted in net debt issuance costs (deferred financing costs) being presented as a direct offset to the applicable debt on the balance sheet. Thus, both deferred financing costs and notes and loans payable on real estate on the accompanying consolidated balance sheets were decreased by $569,000 and $658,000 as of March 31, 2016 and December 31, 2015, respectively.

Note 3 - Loans and Allowance 21

Note 3 - Loans and Allowance for Loan Losses (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block Supplement [Abstract]
Allowance for Credit Losses on Financing Receivables [Table Text Block]	2016 Commercial Residential Land Total Allowance for loan losses: Three Months Ended March 31, 2016 Beginning balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 Provision (Reversal) (3 ) 48,335 62,743 111,075 Ending balance $ 1,140,527 $ 503,922 $ 309,072 $ 1,953,521 As of March 31 , 201 6 Ending balance: individually evaluated for impairment $ 495,157 $ — $ — $ 495,157 Ending balance: collectively evaluated for impairment 645,370 503,922 309,072 1,458,364 Ending balance $ 1,140,527 $ 503,922 $ 309,072 $ 1,953,521 Loans: Ending balance: individually evaluated for impairment $ 2,510,752 $ 7,188,203 $ — $ 9,698,955 Ending balance: collectively evaluated for impairment 77,513,439 17,836,088 6,630,857 101,980,384 Ending balance $ 80,024,191 $ 25,024,291 $ 6,630,857 $ 111,679,339 2015 Commercial Residential Land Total Allowance for loan losses: Three Months Ended March 31, 2015 Beginning balance $ 888,260 $ 1,975,112 $ 5,983 $ 2,869,355 Provision (Reversal) 23,506 (2,091 ) 66,151 87,566 Ending balance $ 911,766 $ 1,973,021 $ 72,134 $ 2,956,921 As of December 31, 2015 Ending balance: individually evaluated for impairment $ 485,823 $ — $ — $ 485,823 Ending balance: collectively evaluated for impairment 654,707 455,587 246,329 1,356,623 Ending balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 Loans: Ending balance: individually evaluated for impairment $ 1,078,752 $ 7,615,055 $ — $ 8,693,807 Ending balance: collectively evaluated for impairment 75,721,545 17,060,812 5,267,643 98,050,000 Ending balance $ 76,800,297 $ 24,675,867 $ 5,267,643 $ 106,743,807
Past Due Financing Receivables [Table Text Block]	March 31, 2016 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Commercial $ — $ 1,432,000 $ 1,078,752 $ 2,510,752 $ 77,513,439 $ 80,024,191 Residential 1,323,781 — 7,188,203 8,511,984 16,512,307 25,024,291 Land — — — — 6,630,857 6,630,857 $ 1,323,781 $ 1,432,000 $ 8,266,955 $ 11,022,736 $ 100,656,603 $ 111,679,339 December 31, 2015 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Total Past Due Loans Current Loans Total Loans Commercial $ — $ — $ 1,078,752 $ 1,078,752 $ 75,721,545 $ 76,800,297 Residential — — 7,615,055 7,615,055 17,060,812 24,675,867 Land — — — — 5,267,643 5,267,643 $ — $ — $ 8,693,807 $ 8,693,807 $ 98,050,000 $ 106,743,807
Impaired Financing Receivables [Table Text Block]	As of March 31, 201 6 Three Months Ended March 31, 201 6 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 1,466,096 $ 1,432,000 $ — $ 488,699 $ — Residential 7,636,597 7,188,203 — 7,702,080 5,247 Land — — — — — $ 9,102,693 $ 8,620,203 $ 8,190,779 $ 5,247 With an allowance recorded: Commercial $ 1,171,957 $ 1,078,752 $ 495,157 $ 1,171,207 $ — Residential — — — — — Land — — — — — $ 1,171,957 1,078,752 $ 495,157 $ 1,171,207 $ — Total: Commercial $ 2,638,053 $ 2,510,752 $ 495,157 $ 1,659,906 $ — Residential 7,636,597 7,188,203 — 7,702,080 5,247 Land — — — — — $ 10,274,650 $ 9,698,955 $ 495,157 $ 9,361,986 $ 5,247 As of December 31, 2015 Three Months Ended March 31, 2015 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ — $ 7,737,656 $ 601,660 Residential 8,063,450 7,615,055 — 251,780 5,493 Land — — — 1,240,045 216,904 $ 8,063,450 $ 7,615,055 $ 9,229,481 $ 824,057 With an allowance recorded: Commercial $ 1,144,864 $ 1,078,752 $ 485,823 $ 1,079,699 $ 13,484 Residential — — — 7,983,345 63,000 Land — — — — — $ 1,144,864 1,078,752 $ 485,823 $ 9,063,044 $ 76,484 Total: Commercial $ 1,144,864 $ 1,078,752 $ 485,823 $ 8,817,355 $ 615,144 Residential 8,063,450 7,615,055 — 8,235,125 68,493 Land — — — 1,240,045 216,904 $ 9,208,314 $ 8,693,807 $ 485,823 $ 18,292,525 $ 900,541

Note 5 - Real Estate Held for22

Note 5 - Real Estate Held for Sale (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Properties Acquired Through Foreclosure [Table Text Block]	March 31, 2016 December 31, 2015 Residential $ 58,709,206 $ 51,942,601 Land (including land under development) 45,663,932 42,071,143 Office 4,718,987 4,716,487 Industrial — 1,460,935 $ 109,092,125 $ 100,191,166

Note 6 - Real Estate Held for23

Note 6 - Real Estate Held for Investment (Tables)	3 Months Ended
	Mar. 31, 2016
Note 6 - Real Estate Held for Investment (Tables) [Line Items]
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Twelve months ending March 31: 2017 $ 4,138,779 2018 2,100,465 2019 1,646,773 2020 1,129,873 2021 526,693 Thereafter (through 2024) 1,280,518 $ 10,823,101
By Property [Member]
Note 6 - Real Estate Held for Investment (Tables) [Line Items]
Schedule of Real Estate Properties [Table Text Block]	March 31, 2016 December 31, 2015 Retail $ 23,063,829 $ 23,122,714 Land 8,112,676 8,112,676 Residential 2,441,772 6,673,540 Assisted care 5,431,169 5,402,376 Office 4,111,383 4,315,608 Marina 4,063,948 4,079,087 Golf course 1,930,647 1,941,245 $ 49,155,424 $ 53,647,246 March 31, 2016 December 31, 2015 Land and land improvements $ 22,374,479 $ 23,443,676 Buildings and improvements 29,341,989 33,119,166 51,716,468 56,562,842 Less: Accumulated depreciation (2,561,044 ) (2,915,596 ) $ 49,155,424 $ 53,647,246

Note 7 - Lines of Credit Paya24

Note 7 - Lines of Credit Payable (Tables)	3 Months Ended
	Mar. 31, 2016
Debt Disclosure [Abstract]
Schedule of Line of Credit Facilities [Table Text Block]	As of March 31, 201 6 As of December 31, 201 5 Outstanding Balance Total Commitment Outstanding Balance Total Commitment CB&T Line of Credit $ 17,477,500 $ 19,531,915 $ 8,289,500 $ 22,574,753 Opus Bank Line of Credit 9,375,000 9,375,000 12,626,000 12,626,000 Total $ 26,852,500 $ 28,906,915 $ 20,915,500 $ 35,200,753
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]	Loans: March 31 , 201 6 Commercial $ 18,246,915 Residential 1,285,000 Total $ 19,531,915 Loans: March 31, 201 6 Commercial $ 7,000,000 Real Estate: Office $ 8,247,422

Note 8 - Notes and Loans Paya25

Note 8 - Notes and Loans Payable on Real Estate (Tables)	3 Months Ended
	Mar. 31, 2016
Disclosure Text Block [Abstract]
Schedule of Debt [Table Text Block]	March 31, 2016 December 31, 2015 Interest Rate Payment Terms/ Frequency Maturity Date Tahoe Stateline Venture, LLC Note #1 $ 2,900,000 $ 2,900,000 5.00 % Interest Only Semi-annual December 2016 Tahoe Stateline Venture, LLC Note #3 500,000 500,000 5.00 % Interest Only Quarterly August 2017 TOTB North, LLC Construction Loan Payable 17,572,767 16,009,906 4.63 % Amortizing Monthly June 2017 TOTB Miami, LLC Loan Payable 12,619,785 12,693,231 4.63 % Amortizing Monthly November 2017 Tahoe Stateline Venture, LLC Loan Payable 13,920,376 14,013,901 3.47 % Amortizing Monthly January 2021 Principal amount $ 47,512,928 $ 46,117,038 Less unamortized deferred financing costs (568,530 ) (658,194 ) Notes and loans payable, net $ 46,944,398 $ 45,458,844
Schedule of Maturities of Long-term Debt [Table Text Block]	Twelve months ending March 31: 2017 $ 3,582,467 2018 30,788,183 2019 409,743 2020 424,190 2021 12,308,345 $ 47,512,928

Note 12 - Fair Value (Tables)

Note 12 - Fair Value (Tables)	3 Months Ended
	Mar. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs Significant Unobservable Inputs March 31, 2016 Nonrecurring: Impaired loans: Commercial $ 676,800 $ — $ — $ 676,800 Total $ 676,800 $ — $ — $ 676,800 Real estate properties: Land $ 4,224,000 $ — $ — $ 4,224,000 Total $ 4,224,000 $ — $ — $ 4,224,000 December 31, 2015 Nonrecurring: Impaired loans: Commercial $ 659,041 $ — $ — $ 659,041 Total $ 659,041 $ — $ — $ 659,041 Real estate properties: Land $ 4,224,000 $ — $ — $ 4,224,000 Total $ 4,224,000 $ — $ — $ 4,224,000
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Commercial $ 676,800 Appraisal Estimated Cost of Improvements 31.9% N/A Capitalization Rate 7.0% N/A Comparable Sales Adjustment (20)% to 30% N/A Real Estate Properties: Land $ 4,224,000 Appraisal Comparable Sales Adjustment (33.4)% N/A Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Commercial $ 659,041 Appraisal Estimated Cost of Improvements 31.9% N/A Capitalization Rate 7.0% N/A Comparable Sales Adjustment (20)% to 30% N/A Real Estate Properties: Land $ 4,224,000 Appraisal Comparable Sales Adjustment (33.4)% N/A
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at March 31, 2016 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 3,228,000 $ 3,228,000 $ — $ — $ 3,228,000 Restricted cash 7,329,000 7,329,000 — — 7,329,000 Loans, net 109,726,000 — — 109,723,000 109,723,000 Investment in limited liability company 2,184,000 — — 2,352,000 2,352,000 Accrued interest and advances receivable 1,264,000 — — 1,264,000 1,264,000 Financial liabilities Due to Manager $ 318,000 $ — $ 318,000 $ — $ 318,000 Accrued interest payable 290,000 — 195,000 95,000 290,000 Lines of credit payable 26,853,000 — 26,853,000 — 26,853,000 Notes payable 46,944,000 — 29,797,000 16,987,000 46,784,000 Fair Value Measurements at December 31, 2015 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 1,256,000 $ 1,256,000 $ — $ — $ 1,256,000 Restricted cash 7,225,000 7,225,000 — — 7,225,000 Loans, net 104,901,000 — — 104,895,000 104,895,000 Investment in limited liability company 2,141,000 — — 2,352,000 2,352,000 Interest and other receivables 1,105,000 — — 1,105,000 1,105,000 Financial liabilities Due to Manager $ 409,000 $ — $ 409,000 $ — $ 409,000 Accrued interest payable 229,000 — 170,000 59,000 229,000 Lines of credit payable 20,916,000 20,916,000 — 20,916,000 Notes payable 45,459,000 — 28,227,000 17,063,000 45,290,000

Note 1 - Organization (Details)

Note 1 - Organization (Details) - $ / shares	Mar. 31, 2016	Dec. 31, 2015
Disclosure Text Block [Abstract]
Common Stock, Shares Authorized	50,000,000	50,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Potential Percentage Penalty Tax	100.00%
REIT Minimum Percent Distribution Of Taxable Income	90.00%

Note 2 - Summary of Significa28

Note 2 - Summary of Significant Accounting Policies (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Accounting Policies [Abstract]
Number of Operating Segments	1
Debt Issuance Costs, Net	$ 568,530	$ 658,194

Note 3 - Loans and Allowance 29

Note 3 - Loans and Allowance for Loan Losses (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Loan and Lease Losses, Real Estate	$ 1,953,521	$ 2,956,921	$ 1,842,446	$ 2,869,355
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0
Financing Receivable, Modifications, Number of Contracts	0	0
Extended Maturity [Member]
Note 3 - Loans and Allowance for Loan Losses (Details) [Line Items]
Allowance for Loan and Lease Losses, Real Estate	$ 495,000		486,000
Financing Receivable, Modifications, Recorded Investment	$ 8,809,000		$ 9,208,000

Note 3 - Loans and Allowance 30

Note 3 - Loans and Allowance for Loan Losses (Details) - Allocation of the Allowance for Loan Losses - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	$ 1,842,446	$ 2,869,355
Ending Balance	1,953,521	2,956,921
Ending balance: individually evaluated for impairment - allowance for loan losses			$ 495,157	$ 485,823
Ending balance: collectively evaluated for impairment - allowance for loan losses			1,458,364	1,356,623
Ending balance - allowance for loan losses	1,953,521	2,869,355	1,953,521	1,842,446
Loans:
Ending balance: individually evaluated for impairment - loans			9,698,955	8,693,807
Ending balance: collectively evaluated for impairment - loans			101,980,384	98,050,000
Ending balance - loans			111,679,339	106,743,807
Provision (Reversal)	111,075	87,566
Commercial Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	1,140,530	888,260
Ending Balance	1,140,527	911,766
Ending balance: individually evaluated for impairment - allowance for loan losses			495,157	485,823
Ending balance: collectively evaluated for impairment - allowance for loan losses			645,370	654,707
Ending balance - allowance for loan losses	1,140,530	888,260	1,140,527	1,140,530
Loans:
Ending balance: individually evaluated for impairment - loans			2,510,752	1,078,752
Ending balance: collectively evaluated for impairment - loans			77,513,439	75,721,545
Ending balance - loans			80,024,191	76,800,297
Provision (Reversal)	(3)	23,506
Residential Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	455,587	1,975,112
Ending Balance	503,922	1,973,021
Ending balance: individually evaluated for impairment - allowance for loan losses			0	0
Ending balance: collectively evaluated for impairment - allowance for loan losses			503,922	455,587
Ending balance - allowance for loan losses	455,587	1,975,112	503,922	455,587
Loans:
Ending balance: individually evaluated for impairment - loans			7,188,203	7,615,055
Ending balance: collectively evaluated for impairment - loans			17,836,088	17,060,812
Ending balance - loans			25,024,291	24,675,867
Provision (Reversal)	48,335	(2,091)
Land Portfolio Segment [Member]
Financing Receivable, Allowance for Credit Losses [Line Items]
Beginning balance	246,329	5,983
Ending Balance	309,072	72,134
Ending balance: individually evaluated for impairment - allowance for loan losses			0	0
Ending balance: collectively evaluated for impairment - allowance for loan losses			309,072	246,329
Ending balance - allowance for loan losses	246,329	5,983	309,072	246,329
Loans:
Ending balance: individually evaluated for impairment - loans			0	0
Ending balance: collectively evaluated for impairment - loans			6,630,857	5,267,643
Ending balance - loans			$ 6,630,857	$ 5,267,643
Provision (Reversal)	$ 62,743	$ 66,151

Note 3 - Loans and Allowance 31

Note 3 - Loans and Allowance for Loan Losses (Details) - Aging Analysis of the Loan Portfolio by the Time Past Due - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	$ 11,022,736	$ 8,693,807
Current loans	100,656,603	98,050,000
Total loans	111,679,339	106,743,807
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,323,781	0
Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,432,000	0
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	8,266,955	8,693,807
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	2,510,752	1,078,752
Current loans	77,513,439	75,721,545
Total loans	80,024,191	76,800,297
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	0	0
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,432,000	0
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,078,752	1,078,752
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	8,511,984	7,615,055
Current loans	16,512,307	17,060,812
Total loans	25,024,291	24,675,867
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	1,323,781	0
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	0	0
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	7,188,203	7,615,055
Land Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	0	0
Current loans	6,630,857	5,267,643
Total loans	6,630,857	5,267,643
Land Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	0	0
Land Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	0	0
Land Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due [Line Items]
Past due loans	$ 0	$ 0

Note 3 - Loans and Allowance 32

Note 3 - Loans and Allowance for Loan Losses (Details) - Impaired Loans - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
With no related allowance recorded:
Recorded investment, with no allowance	$ 9,102,693		$ 8,063,450
Unpaid principal balance, with no allowance	8,620,203		7,615,055
Average recorded investment, with no allowance	8,190,779	$ 9,229,481
Interest income recognized, with no allowance	5,247	824,057
With an allowance recorded:
Recorded investment, with allowance	1,171,957		1,144,864
Unpaid principal balance, with allowance	1,078,752		1,078,752
Related allowance	495,157		485,823
Average recorded investment, with allowance	1,171,207	9,063,044
Interest income recognized, with allowance	0	76,484
Total:
Recorded investment	10,274,650		9,208,314
Unpaid principal balance	9,698,955		8,693,807
Related allowance	495,157		485,823
Average recorded investment	9,361,986	18,292,525
Interest income recognized	5,247	900,541
Commercial Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment, with no allowance	1,466,096		0
Unpaid principal balance, with no allowance	1,432,000		0
Average recorded investment, with no allowance	488,699	7,737,656
Interest income recognized, with no allowance	0	601,660
With an allowance recorded:
Recorded investment, with allowance	1,171,957		1,144,864
Unpaid principal balance, with allowance	1,078,752		1,078,752
Related allowance	495,157		485,823
Average recorded investment, with allowance	1,171,207	1,079,699
Interest income recognized, with allowance	0	13,484
Total:
Recorded investment	2,638,053		1,144,864
Unpaid principal balance	2,510,752		1,078,752
Related allowance	495,157		485,823
Average recorded investment	1,659,906	8,817,355
Interest income recognized	0	615,144
Residential Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment, with no allowance	7,636,597		8,063,450
Unpaid principal balance, with no allowance	7,188,203		7,615,055
Average recorded investment, with no allowance	7,702,080	251,780
Interest income recognized, with no allowance	5,247	5,493
With an allowance recorded:
Recorded investment, with allowance	0		0
Unpaid principal balance, with allowance	0		0
Related allowance	0		0
Average recorded investment, with allowance	0	7,983,345
Interest income recognized, with allowance	0	63,000
Total:
Recorded investment	7,636,597		8,063,450
Unpaid principal balance	7,188,203		7,615,055
Related allowance	0		0
Average recorded investment	7,702,080	8,235,125
Interest income recognized	5,247	68,493
Land Portfolio Segment [Member]
With no related allowance recorded:
Recorded investment, with no allowance	0		0
Unpaid principal balance, with no allowance	0		0
Average recorded investment, with no allowance	0	1,240,045
Interest income recognized, with no allowance	0	216,904
With an allowance recorded:
Recorded investment, with allowance	0		0
Unpaid principal balance, with allowance	0		0
Related allowance	0		0
Average recorded investment, with allowance	0	0
Interest income recognized, with allowance	0	0
Total:
Recorded investment	0		0
Unpaid principal balance	0		0
Related allowance	0		$ 0
Average recorded investment	0	1,240,045
Interest income recognized	$ 0	$ 216,904

Note 4 - Investment in Limite33

Note 4 - Investment in Limited Liability Company (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Jul. 31, 2008
Note 4 - Investment in Limited Liability Company (Details) [Line Items]
Income (Loss) from Equity Method Investments	$ 42,624	$ 43,061
1850 [Member]
Note 4 - Investment in Limited Liability Company (Details) [Line Items]
Number of Real Estate Properties			2
Number of Companies			2
Proceeds from Equity Method Investment, Dividends or Distributions	0	0
Income (Loss) from Equity Method Investments	$ 43,000	$ 43,000

Note 5 - Real Estate Held for34

Note 5 - Real Estate Held for Sale (Details)	3 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2015USD ($)
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Impairment of Real Estate	$ 0	$ 1,109,434
Proceeds from Sale of Other Real Estate	6,479,000
Gain (Loss) on Sale of Properties	4,838,815	205,441
Real Estate Held-for-sale	109,092,125		$ 100,191,166
TOTB [Member] | Interwest Capital Corporation [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Real Estate Held-for-Sale, Purchase Agreement	82,000,000
Real Estate Held-for-sale	54,526,000
Residential [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Real Estate Held-for-sale	58,709,206		51,942,601
Industrial Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Real Estate Held-for-sale	$ 0		1,460,935
Unimproved Residential and Commercial Land Located in Gypsum, Colorado [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Impairment of Real Estate		$ 1,109,000
Retail Site [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties Sold	1	1
Proceeds from Sale of Other Real Estate		$ 1,109,000
Gain (Loss) on Sale of Properties		53,000
Office Building [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties Sold	1
Real Estate Held-for-sale	$ 4,718,987		$ 4,716,487
Deferred Gain on Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Gain (Loss) on Sale of Properties		$ 152,000
Transferred from Held for Investment to Held for Sale [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties		3
Transferred from Held for Investment to Held for Sale [Member] | Condominium Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties	1
Transferred from Held for Investment to Held for Sale [Member] | Land Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties		1
Transferred from Held for Investment to Held for Sale [Member] | Residential [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties		1
Transferred from Held for Investment to Held for Sale [Member] | Industrial Property [Member]
Note 5 - Real Estate Held for Sale (Details) [Line Items]
Number of Real Estate Properties		1

Note 5 - Real Estate Held for35

Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	$ 109,092,125	$ 100,191,166
Residential [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	58,709,206	51,942,601
Improved and Unimproved Land [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	45,663,932	42,071,143
Office Building [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	4,718,987	4,716,487
Industrial Property [Member]
Note 5 - Real Estate Held for Sale (Details) - Properties Acquired Through Foreclosure [Line Items]
Real estate held for sale	$ 0	$ 1,460,935

Note 6 - Real Estate Held for36

Note 6 - Real Estate Held for Investment (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Depreciation	$ 327,000	$ 580,000
Minimum [Member]
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Remaining Term on Lease	1 year
Maximum [Member]
Note 6 - Real Estate Held for Investment (Details) [Line Items]
Remaining Term on Lease	8 years

Note 6 - Real Estate Held for37

Note 6 - Real Estate Held for Investment (Details) - Real Estate Held for Investment - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Real Estate Properties [Line Items]
Real estate held for investment	$ 49,155,424	$ 53,647,246
Land and land improvements	22,374,479	23,443,676
Buildings and improvements	29,341,989	33,119,166
	51,716,468	56,562,842
Less: Accumulated depreciation	(2,561,044)	(2,915,596)
Retail Site [Member]
Real Estate Properties [Line Items]
Real estate held for investment	23,063,829	23,122,714
Improved and Unimproved Land [Member]
Real Estate Properties [Line Items]
Real estate held for investment	8,112,676	8,112,676
Residential [Member]
Real Estate Properties [Line Items]
Real estate held for investment	2,441,772	6,673,540
Assisted Care Facility [Member]
Real Estate Properties [Line Items]
Real estate held for investment	5,431,169	5,402,376
Office Building [Member]
Real Estate Properties [Line Items]
Real estate held for investment	4,111,383	4,315,608
Marinas [Member]
Real Estate Properties [Line Items]
Real estate held for investment	4,063,948	4,079,087
Golf Course [Member]
Real Estate Properties [Line Items]
Real estate held for investment	$ 1,930,647	$ 1,941,245

Note 6 - Real Estate Held for38

Note 6 - Real Estate Held for Investment (Details) - Future Minimum Rental Income from Noncancellable Operating Leases	Mar. 31, 2016USD ($)
Future Minimum Rental Income from Noncancellable Operating Leases [Abstract]
2,017	$ 4,138,779
2,018	2,100,465
2,019	1,646,773
2,020	1,129,873
2,021	526,693
Thereafter (through 2024)	1,280,518
	$ 10,823,101

Note 7 - Lines of Credit Paya39

Note 7 - Lines of Credit Payable (Details) - USD ($)	1 Months Ended	2 Months Ended	3 Months Ended		8 Months Ended
	Mar. 31, 2016	Feb. 29, 2016	Mar. 31, 2016	Mar. 31, 2015	Sep. 30, 2014	Mar. 01, 2016	Feb. 28, 2014
Note 7 - Lines of Credit Payable (Details) [Line Items]
Interest Expense			$ 683,051	$ 587,026
CB&T [Member] | Revolving Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity		$ 30,000,000				$ 50,000,000	$ 30,000,000
Line of Credit Facility, Maximum Borrowing Capacity, Additional Amount						$ 75,000,000
Debt Instrument, Basis Spread on Variable Rate					0.25%
Interest Rate Increases Upon Default			2.00%
Loan Processing Fee	$ 255,000	100,000
Debt Issuance Costs, Line of Credit Arrangements, Gross		$ 177,000
Interest Expense			$ 188,000	161,000
Amortization of Debt Issuance Costs			$ 34,000	23,000
CB&T [Member] | Prime Rate [Member] | Revolving Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	3.75%		3.75%
Opus Credit Facility [Member] | Revolving Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Line of Credit Facility, Maximum Borrowing Capacity	$ 20,000,000		$ 20,000,000
Debt Issuance Costs, Line of Credit Arrangements, Gross	$ 231,000		231,000
Interest Expense			109,000	19,000
Amortization of Debt Issuance Costs			$ 19,000	$ 19,000
Debt Instrument, Interest Rate, Effective Percentage	4.90%		4.90%
Opus Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			4.00%
Debt Instrument, Interest Rate, Stated Percentage	0.90%		0.90%
Opus Credit Facility [Member] | London Interbank Offered Rate (LIBOR) [Member] | Revolving Credit Facility [Member] | Default [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate			5.00%
Minimum [Member] | Opus Credit Facility [Member] | Revolving Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.50%		4.50%
Minimum [Member] | Contingency Reserves [Member] | Opus Credit Facility [Member] | Revolving Credit Facility [Member]
Note 7 - Lines of Credit Payable (Details) [Line Items]
Loan Processing Fee			$ 100,000

Note 7 - Lines of Credit Paya40

Note 7 - Lines of Credit Payable (Details) - Credit Facilities - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Line of Credit Facility [Line Items]
Line of Credit, Outstanding	$ 26,852,500	$ 20,915,500
Line of Credit, Commitment	28,906,915	35,200,753
CB&T [Member]
Line of Credit Facility [Line Items]
Line of Credit, Outstanding	17,477,500	8,289,500
Line of Credit, Commitment	19,531,915	22,574,753
Opus Credit Facility [Member]
Line of Credit Facility [Line Items]
Line of Credit, Outstanding	9,375,000	12,626,000
Line of Credit, Commitment	$ 9,375,000	$ 12,626,000

Note 7 - Lines of Credit Paya41

Note 7 - Lines of Credit Payable (Details) - Loans Securing Credit Facility	Mar. 31, 2016USD ($)
CB&T [Member]
Real Estate:
Real estate securing the credit facility	$ 19,531,915
Commercial Loan [Member] | CB&T [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Loans securing the credit facility	18,246,915
Commercial Loan [Member] | Opus Credit Facility [Member]
Financial Instruments Owned and Pledged as Collateral [Line Items]
Loans securing the credit facility	7,000,000
Residential Real Estate [Member] | CB&T [Member]
Real Estate:
Real estate securing the credit facility	1,285,000
Office Building [Member] | Commercial Real Estate [Member] | Opus Credit Facility [Member]
Real Estate:
Real estate securing the credit facility	$ 8,247,422

Note 8 - Notes and Loans Paya42

Note 8 - Notes and Loans Payable on Real Estate (Details)	3 Months Ended		12 Months Ended
	Mar. 31, 2016USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Nov. 30, 2014USD ($)	Jun. 30, 2014USD ($)	Dec. 31, 2013
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Escrow Deposit	$ 329,000			$ 225,000
Noncontrolling Interest, Increase from Subsidiary Equity Issuance		$ 279,184
Interest Expense	683,051	587,026
Debt Issuance Costs, Net	568,530			658,194
TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Payments to Acquire Interest in Subsidiaries and Affiliates		1,170,000	$ 453,000
Noncontrolling Interest, Increase from Subsidiary Equity Issuance			108,000
Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Number of Parcels								9
Interest Paid	6,000	6,000
Interest Payable	55,000			18,000
OFG [Member] | TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Payments to Acquire Interest in Subsidiaries and Affiliates		279,000
TOTB [Member] | Interwest Capital Corporation [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Real Estate Held-for-Sale, Purchase Agreement	$ 82,000,000
TOTB North Loan Agreement [Member] | TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Additional Terms	2 years
Debt Instrument, Extended Term	1 year
Debt Instrument, Interest Rate, Effective Percentage	4.63%
Debt Instrument, Default Rate Increase	8.00%
Debt Service Coverage Ratio Triggering an Early End to Interest Only Payments	1.25
Escrow Deposit			1,000,000
Debt Issuance Costs, Gross			622,000
Amortization of Debt Issuance Costs	$ 36,000	52,000
Interest Costs Incurred	197,000	14,000
Interest Costs Capitalized	134,000	14,000
Interest Expense	79,000
Debt Issuance Costs, Net	$ 242,000			294,000
TOTB North Loan Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
TOTB North Loan Agreement [Member] | Maximum [Member] | TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Face Amount							$ 21,304,000
TOTB North Loan Agreement [Member] | Minimum [Member] | TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.50%
TOTB Miami Loan Agreement [Member] | TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Face Amount						$ 13,000,000
Debt Instrument, Additional Terms	2 years
Debt Instrument, Extended Term	1 year
Debt Instrument, Interest Rate, Effective Percentage	4.63%
Debt Instrument, Default Rate Increase	8.00%
Debt Issuance Costs, Gross	$ 323,000
Amortization of Debt Issuance Costs	29,000	28,000
Interest Expense	177,000	166,000
Debt Issuance Costs, Net	$ 153,000			182,000
Number of Units in Real Estate Property						154
TOTB Miami Loan Agreement [Member] | London Interbank Offered Rate (LIBOR) [Member] | TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Basis Spread on Variable Rate	4.00%
TOTB Miami Loan Agreement [Member] | Minimum [Member] | TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Interest Rate, Stated Percentage	4.25%
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Face Amount			14,500,000
Debt Instrument, Interest Rate, Stated Percentage					3.47%
Debt Issuance Costs, Gross	$ 218,000
Amortization of Debt Issuance Costs	9,000	9,000
Interest Expense	130,000	$ 99,000
Debt Issuance Costs, Net	173,000			$ 182,000
Proceeds from Issuance of Debt			$ 10,445,000
Debt Instrument, Unused Borrowing Capacity, Amount					$ 3,830,000
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member] | Closing Fee [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Issuance Costs, Gross	$ 108,750
TSV Credit Agreement [Member] | Outstanding Principal Balance [Member] | Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Default Rate Increase	5.00%
TSV Credit Agreement [Member] | Other Outstanding Obligations [Member] | Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) [Line Items]
Debt Instrument, Default Rate Increase	10.00%

Note 8 - Notes and Loans Paya43

Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$ 47,512,928	$ 46,117,038
Less unamortized deferred financing costs	(568,530)	(658,194)
Notes and loans payable, net	46,944,398	45,458,844
TOTB North, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$ 17,572,767	16,009,906
Debt instrument, fixed interest rate	4.63%
TOTB Miami, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$ 12,619,785	12,693,231
Debt instrument, fixed interest rate	4.63%
Tahoe Stateline Venture, LLC Note 1 [Member] | Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$ 2,900,000	2,900,000
Debt instrument, fixed interest rate	5.00%
Tahoe Stateline Venture, LLC Note 3 [Member] | Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$ 500,000	500,000
Debt instrument, fixed interest rate	5.00%
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member]
Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Outstanding [Line Items]
Debt instrument, outstanding	$ 13,920,376	$ 14,013,901
Debt instrument, fixed interest rate	3.47%

Note 8 - Notes and Loans Paya44

Note 8 - Notes and Loans Payable on Real Estate (Details) - Notes and Loans Payable Maturities - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Notes and Loans Payable Maturities [Abstract]
2,017	$ 3,582,467
2,018	30,788,183
2,019	409,743
2,020	424,190
2,021	12,308,345
	$ 47,512,928	$ 46,117,038

Note 9 - Transactions with Af45

Note 9 - Transactions with Affiliates (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Note 9 - Transactions with Affiliates (Details) [Line Items]
Management Fee Expense	$ 765,515	$ 456,389
Professional and Contract Services Expense	69,592	41,490
Due to Related Parties	318,022		$ 408,643
Late Fee Income Generated by Servicing Financial Assets, Amount	3,000	17,000
Ancillary Fee Income Generated by Servicing Financial Assets, Amount	4,000	2,000
Loan Fees Earned by OFG	718,000	244,000
Loans and Leases Receivable, Gross	111,679,339		106,743,807
Owens Financial Group, Inc. [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Due to Related Parties	39,000
Loans and Leases Receivable, Gross	35,150,000	10,438,000
Related Party Transaction, Amounts of Transaction	114,000	131,000
Related Party Transaction, Purchases from Related Party	1,499,000
OFG Officers [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	0	1,000
Investor's Yield, Inc. [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Amounts of Transaction	$ 0	$ 7,000
Management Fee [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Rate	2.75%
Servicing Fee [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Related Party Transaction, Rate	0.25%
Management and Service Fees [Member] | Owens Financial Group, Inc. [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Due to Related Parties	$ 279,000		267,000
Owens Financial Group, Inc. [Member]
Note 9 - Transactions with Affiliates (Details) [Line Items]
Due to Related Parties			$ 142,000

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Details) $ in Millions	Dec. 11, 2015USD ($)
The 2016 Repurchase Plan [Member]
Note 10 - Stockholders' Equity (Details) [Line Items]
Stock Repurchase Program, Authorized Amount	$ 7.5

Note 11 - Restricted Cash (Deta

Note 11 - Restricted Cash (Details) - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	$ 7,329,421	$ 7,225,371
Escrow Deposit	329,000	225,000
Contingency Reserves [Member]
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	3,892,000	$ 3,809,000
Minimum [Member] | Contingency Reserves [Member]
Note 11 - Restricted Cash (Details) [Line Items]
Restricted Cash and Cash Equivalents	$ 7,000,000

Note 12 - Fair Value (Details)

Note 12 - Fair Value (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Mar. 31, 2015	Dec. 31, 2015
Note 12 - Fair Value (Details) [Line Items]
Assets, Fair Value Disclosure, Recurring	$ 0
Liabilities, Fair Value Disclosure, Recurring	0
Allowance for Loan and Lease Losses, Adjustments, Other	(111,075)	$ (87,566)
Impairment of Real Estate	0	1,109,434
Liabilities, Fair Value Disclosure, Nonrecurring	$ 0		$ 0
Limit of Days Until Becoming Delinquent [Member]
Note 12 - Fair Value (Details) [Line Items]
Number of Days Delinquent	90 days
Excluding Loan Loss Reversal Foreclosed Loan [Member]
Note 12 - Fair Value (Details) [Line Items]
Allowance for Loan and Lease Losses, Adjustments, Other	$ (9,000)	$ (3,000)

Note 12 - Fair Value (Details)

Note 12 - Fair Value (Details) - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	Mar. 31, 2016	Dec. 31, 2015
Impaired loans:
Assets at fair value	$ 4,224,000	$ 4,224,000
Impaired Loans [Member]
Impaired loans:
Assets at fair value	676,800	659,041
Land1 [Member] | Real Estate Properties [Member]
Impaired loans:
Assets at fair value	4,224,000	4,224,000
Fair Value, Inputs, Level 3 [Member]
Impaired loans:
Assets at fair value	4,224,000	4,224,000
Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Impaired loans:
Assets at fair value	676,800	659,041
Fair Value, Inputs, Level 3 [Member] | Land1 [Member] | Real Estate Properties [Member]
Impaired loans:
Assets at fair value	4,224,000	4,224,000
Commercial Portfolio Segment [Member] | Impaired Loans [Member]
Impaired loans:
Assets at fair value	676,800	659,041
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member] | Impaired Loans [Member]
Impaired loans:
Assets at fair value	$ 676,800	$ 659,041

Note 12 - Fair Value (Details50

Note 12 - Fair Value (Details) - Level 3 Fair Value Measurements for Financial Instruments - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Land1 [Member] | Market Approach Valuation Technique [Member] | Real Estate Properties [Member]
Impaired Loans:
Assets at fair value (in Dollars)	$ 4,224,000
Assets at fair value, comparable sales adjustment	(33.40%)
Weighted Average [Member] | Land1 [Member] | Market Approach Valuation Technique [Member] | Real Estate Properties [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment
Commercial Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value (in Dollars)	$ 676,800	$ 659,041
Assets at fair value, estimate of future improvements	31.90%	31.90%
Commercial Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment
Commercial Portfolio Segment [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment		7.00%
Commercial Portfolio Segment [Member] | Minimum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment	(20.00%)
Commercial Portfolio Segment [Member] | Maximum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment	30.00%
Commercial Portfolio Segment [Member] | Weighted Average [Member] | Cost Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, estimate of future improvements
Commercial Portfolio Segment [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment
Commercial Portfolio Segment [Member] | Weighted Average [Member] | Income Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment
Residential Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment	7.00%
Residential Portfolio Segment [Member] | Minimum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment		(20.00%)
Residential Portfolio Segment [Member] | Maximum [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment		30.00%
Residential Portfolio Segment [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member] | Impaired Loans [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment
Land1 [Member] | Market Approach Valuation Technique [Member] | Real Estate Properties [Member]
Impaired Loans:
Assets at fair value (in Dollars)		$ 4,224,000
Assets at fair value, comparable sales adjustment		(33.40%)
Land1 [Member] | Weighted Average [Member] | Market Approach Valuation Technique [Member] | Real Estate Properties [Member]
Impaired Loans:
Assets at fair value, comparable sales adjustment

Note 12 - Fair Value (Details51

Note 12 - Fair Value (Details) - Carrying Amounts and Estimated Fair Values of Financial Instruments - USD ($)	Mar. 31, 2016	Dec. 31, 2015	Mar. 31, 2015	Dec. 31, 2014
Financial assets
Cash and cash equivalents	$ 3,228,089	$ 1,255,842	$ 13,904,244	$ 1,413,545
Cash and cash equivalents, fair value	3,228,000	1,256,000
Restricted cash, fair value	7,329,421	7,225,371
Loans, net	109,725,818	104,901,361
Loans, net, fair value	109,723,000	104,895,000
Investment in limited liability company	2,183,656	2,141,032
Investment in limited liability company, fair value	2,352,000	2,352,000
Interest and other receivables	2,107,398	1,764,918
Interest and other receivables, fair value	1,264,000	1,105,000
Financial liabilities
Due to manager	318,022	408,643
Due to manager, fair value	318,022	408,643
Accrued interest payable, fair value	290,000	229,000
Line of credit payable	26,852,500	20,915,500
Line of credit payable, fair value	26,853,000	20,916,000
Notes payable	47,512,928	46,117,038
Notes payable, fair value	46,784,000	45,290,000
Fair Value, Inputs, Level 1 [Member]
Financial assets
Cash and cash equivalents, fair value	3,228,000	1,256,000
Restricted cash, fair value	7,329,000	7,225,000
Loans, net, fair value	0	0
Investment in limited liability company, fair value	0	0
Interest and other receivables, fair value	0	0
Financial liabilities
Due to manager	0	0
Due to manager, fair value	0	0
Accrued interest payable, fair value	0	0
Line of credit payable, fair value	0	0
Notes payable, fair value	0	0
Fair Value, Inputs, Level 2 [Member]
Financial assets
Cash and cash equivalents, fair value	0	0
Restricted cash, fair value	0	0
Loans, net, fair value	0	0
Investment in limited liability company, fair value	0	0
Interest and other receivables, fair value	0	0
Financial liabilities
Due to manager	318,000	409,000
Due to manager, fair value	318,000	409,000
Accrued interest payable, fair value	195,000	170,000
Line of credit payable, fair value	26,853,000	20,916,000
Notes payable, fair value	29,797,000	28,227,000
Fair Value, Inputs, Level 3 [Member]
Financial assets
Cash and cash equivalents, fair value	0	0
Restricted cash, fair value	0	0
Loans, net, fair value	109,723,000	104,895,000
Investment in limited liability company, fair value	2,352,000	2,352,000
Interest and other receivables, fair value	1,264,000	1,105,000
Financial liabilities
Due to manager	0	0
Due to manager, fair value	0	0
Accrued interest payable, fair value	95,000	59,000
Line of credit payable, fair value	0	0
Notes payable, fair value	16,987,000	17,063,000
Reported Value Measurement [Member]
Financial assets
Cash and cash equivalents	3,228,000	1,256,000
Restricted cash	7,329,000	7,225,000
Loans, net	109,726,000	104,901,000
Investment in limited liability company	2,184,000	2,141,000
Interest and other receivables	1,264,000	1,105,000
Financial liabilities
Due to manager	318,000	409,000
Due to manager, fair value	318,000	409,000
Accrued interest payable	290,000	229,000
Line of credit payable	26,853,000	20,916,000
Notes payable	$ 46,944,000	$ 45,459,000

Note 13 - Commitments and Con52

Note 13 - Commitments and Contingencies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2016	Dec. 31, 2015
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation	$ 28,224,000
1850 [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Accrual for Environmental Loss Contingencies	24,000	$ 36,000
Low Level of Arsenic in Non-Drinking Well Water [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Accrual for Environmental Loss Contingencies	127,000	$ 104,000
Interest Reserves [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation	2,963,000
Tahoe Stateline Venture, LLC [Member]
Note 13 - Commitments and Contingencies (Details) [Line Items]
Contractual Obligation	31,166,000
Contractual Obligation, Incurred	7,050,000
Other Construction Costs	2,227,000
Construction Costs Incurred and Other Costs	$ 9,277,000