Owens Realty Mortgage (ORM) 10-K 13 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2017	Mar. 09, 2018	Jun. 30, 2017
Document Information [Line Items]
Entity Registrant Name	Owens Realty Mortgage, Inc.
Entity Central Index Key	1,556,364
Trading Symbol	orm
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Common Stock, Shares Outstanding (in shares)		9,091,454
Entity Public Float			$ 167,822
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
Document Fiscal Period Focus	FY
Amendment Flag	false

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets
Cash and cash equivalents	$ 2,170,816	$ 434,243
Restricted cash	3,500,000	6,500,000
Loans, net of allowance for loan losses of $1,827,806 in 2017 and $2,706,822 in 2016	144,343,844	126,975,489
Interest and other receivables	2,430,457	2,164,335
Other assets, net of accumulated depreciation and amortization of $309,686 in 2017 and $251,729 in 2016	725,341	803,676
Deferred financing costs, net of accumulated amortization of $265,276 in 2017 and $107,744 in 2016	26,823	171,855
Deferred tax assets, net	3,207,322	7,248,977
Investment in limited liability company	2,140,545	2,140,482
Real estate held for sale	56,110,472	75,843,635
Real estate held for investment, net of accumulated depreciation of $3,316,753 in 2017 and $3,151,427 in 2016	24,355,653	37,279,763
Total assets	239,011,273	259,562,455
Liabilities:
Dividends payable	1,572,047	1,402,496
Due to Manager	277,671	360,627
Accounts payable and accrued liabilities	1,390,329	3,699,859
Deferred gains	302,895	209,662
Forward contract liability – share repurchase	2,731,171
Line of credit payable	1,555,000	4,976,000
Notes and loans payable on real estate	30,192,433	33,385,934
Total liabilities	38,021,546	44,034,578
Commitments and Contingencies (Note 15)
Equity:
Preferred stock, $.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding at December 31, 2017 and 2016
Common stock, $.01 par value per share, 50,000,000 shares authorized, 11,198,119 shares issued, 9,095,454 and 10,247,477 shares outstanding at December 31, 2017 and 2016	111,981	111,981
Additional paid-in capital	182,437,522	182,437,522
Treasury stock, at cost – 2,102,665 and 950,642 shares at December 31, 2017 and 2016	(31,655,119)	(12,852,058)
Retained earnings	50,095,343	45,830,432
Total stockholders’ equity	200,989,727	215,527,877
Total liabilities and equity	$ 239,011,273	$ 259,562,455

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Loans, allowance for losses	$ 1,827,806	$ 2,706,822
Other assets, accumulated depreciation and amortization	309,686	251,729
Deferred financing costs, accumulated amortization	265,276	107,744
Real estate held for investment, accumulated depreciation	$ 3,316,753	$ 3,151,427
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, authorized shares (in shares)	5,000,000	5,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, share authorized (in shares)	50,000,000	50,000,000
Common stock, shares issued (in shares)	11,198,119	11,198,119
Common stock, shares outstanding (in shares)	9,095,454	10,247,477
Treasury stock, shares (in shares)	2,102,665	950,642

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Revenues:
Interest income on loans	$ 10,840,730	$ 8,922,142	$ 8,277,004
Rental and other income from real estate properties	4,505,385	7,977,400	12,791,096
Other income	187,013	179,449	175,451
Total revenues	15,533,128	17,078,991	21,243,551
Expenses:
Management fees to Manager	3,546,085	3,286,470	2,051,134
Servicing fees to Manager	362,411	298,770	186,467
General and administrative expense	2,234,230	1,568,890	1,278,994
Rental and other expenses on real estate properties	4,980,900	7,060,526	8,510,110
Depreciation and amortization	1,138,515	1,258,305	2,052,181
Interest expense	1,587,695	2,859,294	1,938,113
Bad debt expense from uncollectible rent			152,805
(Recovery of) provision for loan losses	(360,012)	1,284,896	(1,026,909)
Impairment losses on real estate properties	1,423,286	3,227,807	1,589,434
Total expenses	14,913,110	20,844,958	16,732,329
Operating income (loss)	620,018	(3,765,967)	4,511,222
Gain on sales of real estate, net	14,728,921	24,497,763	21,818,553
Settlement expense	(2,627,436)
Net income before income tax expense	12,721,503	20,731,796	26,329,775
Income tax (expense) benefit	(4,041,655)	7,248,977	(93,335)
Net income	8,679,848	27,980,773	26,236,440
Less: Net income attributable to non-controlling interests		(3,571,003)	(2,667,324)
Net income attributable to common stockholders	$ 8,679,848	$ 24,409,770	$ 23,569,116
Per common share data:
Basic and diluted earnings per common share (in dollars per share)	$ 0.85	$ 2.38	$ 2.22
Basic and diluted weighted average number of common shares outstanding (in shares)	10,162,496	10,247,477	10,594,807
Dividends declared per share of common stock (in dollars per share)	$ 0.38	$ 0.32	$ 0.41

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Parent [Member]	Noncontrolling Interest [Member]	Total
Balances (in shares) at Dec. 31, 2014	11,198,119		(430,118)
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
Net income				23,569,116	23,569,116	2,667,324	26,236,440
Dividends declared				(4,344,417)	(4,344,417)		(4,344,417)
Tax payment made on behalf of stockholders (Note 9)				(1,313,657)	(1,313,657)		(1,313,657)
Purchase of treasury stock (in shares)			(520,524)
Purchase of treasury stock			$ (7,502,902)		(7,502,902)		(7,502,902)
Contribution from non-controlling interest						279,184	279,184
Distributions to non-controlling interests						(2,592,412)	(2,592,412)
Balances (in shares) at Dec. 31, 2015	11,198,119		(950,642)
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
Net income				24,409,770	24,409,770	3,571,003	27,980,773
Dividends declared				(3,279,193)	(3,279,193)		(3,279,193)
Tax payment made on behalf of stockholders (Note 9)				(582,698)	(582,698)		(582,698)
Contribution from non-controlling interest						44,207	44,207
Distributions to non-controlling interests						(8,144,059)	(8,144,059)
Balances (in shares) at Dec. 31, 2016	11,198,119		(950,642)
Balances at Dec. 31, 2016	$ 111,981	182,437,522	$ (12,852,058)	45,830,432	215,527,877		215,527,877
Net income				8,679,848	8,679,848		8,679,848
Dividends declared				(3,774,670)	(3,774,670)		(3,774,670)
Tax payment made on behalf of stockholders (Note 9)				(640,267)	(640,267)		(640,267)
Purchase of treasury stock (in shares)			(1,152,023)
Purchase of treasury stock			$ (18,803,061)		(18,803,061)		(18,803,061)
Balances (in shares) at Dec. 31, 2017	11,198,119		(2,102,665)
Balances at Dec. 31, 2017	$ 111,981	$ 182,437,522	$ (31,655,119)	$ 50,095,343	$ 200,989,727		$ 200,989,727

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash flows from operating activities:
Net income	$ 8,679,848	$ 27,980,773	$ 26,236,440
Adjustments to reconcile net income to net cash (used in) provided by operating activities:
Gain on sales of real estate, net	(14,728,921)	(24,497,763)	(21,818,553)
Deferred income tax benefit	4,041,655	(7,248,977)
Income from investment in limited liability company	(185,063)	(179,450)	(175,451)
(Reversal of) provision for loan losses	(360,012)	1,284,896	(1,026,909)
Impairment losses on real estate properties	1,423,286	3,227,807	1,589,434
Depreciation and amortization	1,138,515	1,258,305	2,052,181
Amortization of deferred financing costs	317,419	456,168	367,471
Accretion of discount on loans			(536,816)
Changes in operating assets and liabilities:
Interest and other receivables	(266,122)	(441,985)	(282,538)
Other assets	34,172	(420,759)	(122,622)
Accounts payable and accrued liabilities	(2,351,676)	(2,314,291)	(526,952)
Due to Manager	(82,956)	(48,016)	124,999
Forward contract liability	459,688
Net cash (used in) provided by operating activities	(1,880,167)	(943,292)	5,880,684
Cash flows from investing activities:
Principal collected on loans	69,266,337	55,849,884	35,216,165
Investments in loans	(85,824,680)	(78,272,140)	(68,739,645)
Investment in real estate properties	(11,232,758)	(26,406,879)	(23,607,553)
Net proceeds from disposition of real estate properties	55,879,123	89,401,642	48,602,328
Purchases of vehicles and equipment	(16,170)	(29,887)	(48,402)
Distribution received from investment in limited liability company	185,000	180,000	177,000
Transfer from (to) restricted cash, net	3,000,000	725,371	(976,625)
Net cash provided by (used in) investing activities	31,256,852	41,447,991	(9,376,732)
Cash flows from financing activities
Advances on notes payable	10,543,172	23,966,383	28,603,251
Repayments on notes payable	(13,972,820)	(36,380,880)	(20,055,762)
Advances on lines of credit	19,945,000	79,416,793	69,247,500
Repayments of lines of credit	(23,366,000)	(95,356,293)	(59,782,000)
Payment of deferred financing costs	(12,500)	(279,599)	(41,735)
Distributions to non-controlling interests		(8,144,059)	(2,592,412)
Contribution from non-controlling interest		44,207	279,184
Purchase of treasury stock	(16,531,578)		(7,502,902)
Dividends paid	(4,245,386)	(4,592,850)	(4,816,779)
Net cash (used in) provided by financing activities	(27,640,112)	(41,326,298)	3,338,345
Net increase (decrease) in cash and cash equivalents	1,736,573	(821,599)	(157,703)
Cash and cash equivalents at beginning of year	434,243	1,255,842	1,413,545
Cash and cash equivalents at end of year	2,170,816	434,243	1,255,842
Supplemental Disclosures of Cash Flow Information
Cash paid during the year for interest (excluding amounts capitalized)	1,291,743	2,495,000	1,570,887
Cash paid during the year for interest that was capitalized	472,357	555,453	393,591
Cash paid during the year for income taxes			93,335
Supplemental Disclosure of Non-Cash Activity
Increase in real estate from loan foreclosures		700,800
Decrease in loans, net of allowance for loan losses, from loan foreclosures		(631,232)
Decrease in interest and other receivables from adding balances to loans		(69,568)
Decrease in interest and other receivables from loan foreclosures
Increase in loans from sales of real estate	450,000	1,595,000	4,650,000
Amortization of deferred financing costs capitalized to construction project	(76,260)	(119,471)	(207,347)
Capital expenditures financed through accounts payable	(42,146)	(2,654,856)	(1,666,572)
Dividends declared but not paid	(1,572,047)	(1,402,496)	(2,133,455)
Repurchase of treasury stock accrued as forward contract liability	$ (2,271,483)

Note 1 - Organization

Note 1 - Organization	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
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, 50,000,000 $0.01 5,000,000 $0.01 4, February 12, 2013 ( No. 333 184392 April 16, 2013 May 20, 2013. 12g 3 1934, 11,198,119 January 1, 2013. The Company has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, 100% 90%

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation The consolidated financial statements include the accounts of the Company and its majority and wholly owned limited liability companies. All significant inter-company transactions and balances have been eliminated in consolidation. The Company also has a 50% 4 one Certain reclassifications have been made to the 2015 2016 2017 None 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 Standards In January 2017, 2017 01, 805 2017 01. 2017 01 December 15, 2017. not 2017 01 In November 2016, 2016 18, 230 2016 18. 2016 18 December 15, 2017 2016 18 In August 2016, 2016 15, 230 2016 15. 2016 15 eight December 15, 2017 2016 15 In June 2016, 2016 13, 326 2016 13. 2016 13 2016 13 December 15, 2019, December 15, 2018. 2016 13 not may In May 2014, 2014 09, 606 2014 09. 2014 09 2014 09’s one 2015 14, first December 15, 2017, not not not 2014 09, 2016 02, 4% 2017. 2014 09, four 2014 09 January 1, 2018, not In February 2016, 2016 02, 842 2016 02, . ASU 2016 02 December 15, 2018, not 2014 09. The Company does not 2016 02 In January 2016, 2016 01, 825 10 2016 01. 2016 01 not 1 2 3 4 2016 01 2016 01 December 15, 2017, not Cash and Cash Equivalents Cash and cash equivalents include funds on deposit with financial institutions. Restricted Cash Restricted cash includes contingency reserves required pursuant to the Company’s charter and non-interest bearing deposits required pursuant to the Company’s lines of credit (see Note 7 Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and loans. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may 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 third ninety not not not not 12 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 not Regardless of the 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. 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 fourth may 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 not The determination of the general reserve for loans that are not not 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 not 1 2 3 Land Loans – These loans generally possess a higher inherent risk of loss than other real estate portfolio segments. A major risk arises from the necessity to complete projects within specified costs and time lines. Trends in the construction industry significantly impact the credit quality of these loans as demand drives construction activity. In addition, trends in real estate values significantly impact the credit quality of these loans, as property values determine the economic viability of construction projects. Commercial and Residential Real Estate Loans – Adverse economic developments or an overbuilt market impact commercial and residential real estate projects and may Management monitors the credit quality of the Company’s loan portfolio on an ongoing basis using certain credit quality indicators including a loan’s delinquency status and internal asset classification. A loan is considered classified when it meets the definition of impaired as described above. Other Assets Other assets primarily include deferred rent, capitalized lease commissions, prepaid expenses, deposits and inventory. Amortization of lease commissions is provided on the straight-line method over the lives of the related leases. Deferred Financing Costs Issuance and other costs related to the Company’s lines of credit and certain notes payable are capitalized and amortized to interest expense under either the straight-line or effective interest methods over the terms of the respective debt instruments. Deferred financing costs related to the construction loan in Zalanta Resort at the Village, LLC were amortized to the construction project under the straight-line method over the term of construction/renovation. Rental Income The Company leases multifamily rental units under operating leases with terms of generally one Real Estate Held for Sale Real estate held for sale includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, that is being marketed for sale. Real estate held for sale is recorded at acquisition at the property’s estimated fair value less estimated costs to sell. Any excess of the recorded investment in the loan over the net realizable value is charged against the allowance for loan losses. Any excess of the net realizable value over the recorded investment in the loan is credited first After acquisition, costs incurred relating to the development and improvement of property are capitalized to the extent they do not not Gains on the sale of real estate are recorded using the full accrual method whereby the amount by which the net sale proceeds exceeds the property’s carrying amount is recorded as gain in full on the date of sale if the following criteria are met: ● The gain is determinable, that is, the collectability of the sales price is reasonably assured or the amount that will not ● The earnings process is virtually complete, that is, the Company is not Sales of real estate properties that do not ● Deposit method – If it is determined a sale has not not ● Cost recovery method – If recovery of the cost of the property is not no ● Installment method – If the buyer's initial investment is inadequate, as measured by its composition and its size compared with the sales value of the property, and if recovery of the carrying amount of the property is reasonably assured if the buyer defaults, the transaction is accounted for under the installment method whereby each cash receipt and principal payment by the buyer on debt assumed is allocated between cost recovered and gain. This allocation is in the same ratio as total cost and total gain bear to the sales value. ● Reduced profit method – If the buyer’s initial investment is adequate but the buyer’s continuing investment is inadequate, as measured by the annual payments required by the buyer compared to a 20 first 20 not first first not may Real Estate Held for Investment Real estate held for investment includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, that is not After acquisition, costs incurred relating to the development and improvement of the property are capitalized, whereas costs relating to operating or holding the property are expensed. Subsequent to acquisition, management periodically compares the carrying value of real estate to expected undiscounted future cash flows 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 estimated fair value through an impairment loss charged to earnings. Subsequent increases in the fair value of such properties are not Depreciation of real estate properties held for investment is provided on the straight-line method over the estimated remaining useful lives of buildings and improvements ( 5 39 The Company reclassifies real estate properties from held for investment to held for sale in the period in which all of the following criteria are met: 1 2 3 4 one 5 If circumstances arise that previously were considered unlikely, and, as a result, the Company decides not not Earnings per Common Share The Company calculates basic earnings per common share by dividing net income attributable to common stockholders for the period by the weighted-average shares of Common Stock outstanding for that period. Diluted earnings per common share take into effect any dilutive instruments, unless if when doing so such effect would be anti-dilutive. At the present time, the Company has not no Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities, if any. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount that is “more likely than not” The Company has elected to be taxed as a REIT. As a result of the Company’s REIT qualification and its distribution policy, the Company does not 90% not may four may The Company has elected or may TRS” ). In general, a TRS of a REIT may may Gains on sales of certain properties may 1221 1 The accounting guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. A tax position is recognized as a benefit only if it is “more likely than not” no December 31, 2017 2016. Certain entities included in the Company’s consolidated financial statements are subject to certain state and local taxes. These taxes are recorded as general and administrative expenses in the accompanying consolidated financial statements.

Note 3 - Loans and Allowance fo

Note 3 - Loans and Allowance for Loan Losses	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	NOTE 3 AND ALLOWANCE FOR LOAN LOSSES The following tables show the changes in the allowance for loan losses by portfolio segment for the years ended December 31, 2017, 2016 2015 December 31, 2017 2016 201 7 Commercial Residential Land Total Allowance for loan losses: Beginning balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Charge-offs — (546,004 ) — (546,004 ) Recoveries 27,000 — — 27,000 Provision (Reversal) 177,487 (333,777 ) (203,722 ) (360,012 ) Ending balance $ 1,069,458 $ 451,537 $ 306,811 $ 1,827,806 Ending balance: individually evaluated for impairment $ — $ 186,708 $ — $ 186,708 Ending balance: collectively evaluated for impairment $ 1,069,458 $ 264,829 $ 306,811 $ 1,641,098 Ending balance $ 1,069,458 $ 451,537 $ 306,811 $ 1,827,806 Loans: Ending balance $ 127,873,281 $ 13,170,795 $ 5,127,574 $ 146,171,650 Ending balance: individually evaluated for impairment $ 1,212,851 $ 7,321,359 $ — $ 8,534,210 Ending balance: collectively evaluated for impairment $ 126,660,430 $ 5,849,436 $ 5,127,574 $ 137,637,440 201 6 Commercial Residential Land Total Allowance for loan losses: Beginning balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 Charge-offs (447,520 ) — — (447,520 ) Recoveries 27,000 — — 27,000 Provision 144,961 875,731 264,204 1,284,896 Ending balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Ending balance: individually evaluated for impairment $ — $ 732,712 $ — $ 732,712 Ending balance: collectively evaluated for impairment $ 864,971 $ 598,606 $ 510,533 $ 1,974,110 Ending balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Loans: Ending balance $ 102,442,111 $ 19,001,677 $ 8,238,523 $ 129,682,311 Ending balance: individually evaluated for impairment $ — $ 4,883,866 $ — $ 4,883,866 Ending balance: collectively evaluated for impairment $ 102,442,111 $ 14,117,811 $ 8,238,523 $ 124,798,445 201 5 Commercial Residential Land Total Allowance for loan losses: Beginning balance $ 888,260 $ 1,975,112 $ 5,983 $ 2,869,355 Charge-offs — — — — Provision (Reversal) 252,270 (1,519,525 ) 240,346 (1,026,909 ) Ending balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 The following tables show an aging analysis of the loan portfolio by the time monthly payments are past due at December 31, 2017 2016. 90 December 31, 2017 2016. December 31, 2017 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 $ 1,212,851 $ — $ — $ 1,212,851 $ 126,660,430 $ 127,873,281 Residential — 4,676,433 2,644,926 7,321,359 5,849,436 13,170,795 Land — — — — 5,127,574 5,127,574 $ 1,212,851 $ 4,676,433 $ 2,644,926 $ 8,534,210 $ 137,637,440 $ 146,171,650 The above table as of December 31, 2017 seven $7,585,000 $4,585,000 $3,000,000 30 59 $1,585,000 90 $3,000,000 30 $7,107,000 December 31, 201 6 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 $ — $ — $ — $ — $ 102,442,111 $ 102,442,111 Residential 1,983,247 — 4,883,866 6,867,113 12,134,564 19,001,677 Land 1,080,000 — — 1,080,000 7,158,523 8,238,523 $ 3,063,247 $ — $ 4,883,863 $ 7,947,113 $ 121,735,198 $ 129,682,311 The above table as of December 31, 2016 $8,686,000 $3,675,000 $2,500,000 30 $1,175,000 30 59 $5,011,000 90 The following tables show information related to impaired loans as of and for the years ended December 31, 2017, 2016 2015: As of December 31, 201 7 Year Ended December 31, 201 7 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 1,222,499 $ 1,212,851 $ — $ 101,875 $ 19,189 Residential 6,610,216 6,505,469 — 753,711 50,369 Land — — — — — $ 7,832,715 $ 7,718,320 $ — $ 855,586 $ 69,559 With an allowance recorded: Commercial $ — $ — $ — $ — $ — Residential 1,302,707 815,890 186,708 3,188,101 — Land — — — — — $ 1,302,707 815,890 $ 186,708 $ 3,188,101 $ — Total: Commercial $ 1,222,499 $ 1,212,851 $ — $ 101,875 $ 19,189 Residential 7,912,923 7,321,359 186,708 3,941,813 50,369 Land — — — — — $ 9,135,422 $ 8,534,210 $ 186,708 $ 4,043,688 $ 69,559 As of December 31, 201 6 Year Ended December 31, 201 6 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ — $ 1,684,877 $ 38,187 Residential 228,349 228,349 — 236,042 20,598 Land — — — — — $ 228,349 $ 228,349 $ 1,920,919 $ 58,785 With an allowance recorded: Commercial $ — $ — $ — $ 865,285 $ — Residential 5,145,712 4,655,517 732,712 6,209,540 — Land — — — — — $ 5,145,712 4,655,517 $ 732,712 $ 7,074,825 $ — Total: Commercial $ — $ — $ — $ 2,550,162 $ 38,187 Residential 5,374,061 4,883,866 732,712 6,445,582 20,598 Land — — — — — $ 5,374,061 $ 4,883,866 $ 732,712 $ 8,995,744 $ 58,785 Year Ended December 31, 201 5 Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 2,300,846 $ 639,935 Residential 8,217,114 192,491 Land 310,011 216,904 $ 10,827,971 $ 1,049,330 With an allowance recorded: Commercial $ 1,119,594 $ 49,442 Residential — — Land — — $ 1,119,594 $ 49,442 Total: Commercial $ 3,420,440 $ 689,377 Residential 8,217,114 192,491 Land 310,011 216,904 $ 11,947,565 $ 1,098,772 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. The average recorded investment and interest income recognized on impaired loans for which no may no Troubled Debt Restructurings The Company had recorded specific loan loss allowances of approximately $187,000 $733,000 $2,739,000 $5,374,000 December 31, 2017 2016, not During the year ended December 31, 2017, one $1,145,000 one $165,000 $68,000 no December 31, 2017. There were no December 31, 2016 2015. The following table shows information related to the loan modification made by the Company during the year ended December 31, 2017 Modifications During the Year Ended December 31, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings That Occurred During the Year Commercial 1 $ 1,173,625 $ 1,212,851 There were no twelve December 31, 2017, 2016 2015. 90

Note 4 - Investment in Limited

Note 4 - Investment in Limited Liability Company	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Equity Method Investments and Joint Ventures Disclosure [Text Block]	NOTE 4 – INVESTMENT IN LIMITED LIABILITY COMPANY During 2008, 1850 “1850” July 2008, two two 1850. 1850 During the years ended December 31, 2017, 2016 2015, 1850 $185,000, $180,000 $177,000, 1850 $185,000, $179,000 $175,000 December 31, 2017, 2016 2015,

Note 5 - Real Estate Held for S

Note 5 - Real Estate Held for Sale	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Real Estate Owned [Text Block]	NOTE 5 Real estate properties held for sale as of December 31, 2017 2016 December, 2017 December 31, 2016 Residential $ 24,627,710 $ — Land (including land under development) 14,389,620 73,140,659 Retail 7,632,893 — Golf course 1,999,449 1,970,437 Marina 2,207,675 — Assisted care 5,253,125 — Office — 732,539 $ 56,110,472 $ 75,843,635 Note: The ZRV mixed-use residential/retail project was completed during 2017. December 31, 2016 December 31, 2017 Transfers During the year ended December 31, 2017, seven $13,423,000 four two one one December 31, 2017, one $1,915,000 not one $1,423,000 four 2017 two one one During the year ended December 31, 2016, four $10,052,000 one one one one one During the year ended December 31, 2015, one $1,954,000 no not December 31, 2015, seven two two one one one $64,628,000 No December 31, 2017, 2016 2015, $146,000 Impairment Losses During the year ended December 31, 2017, $1,423,000 $495,000 $315,000 $146,000 $467,000 During the year ended December 31, 2016, $3,228,000 $2,110,000 $1,094,000 $24,000 During the year ended December 31, 2015, $1,589,000 on the unimproved residential and commercial land located in Gypsum, Colorado due to a new appraisal obtained as of December 31, 2015 Sales During the year ended December 31, 2017, eight four one two one $55,879,000 $450,000, $14,729,000. one 2017 $93,000. During the year ended December 31, 2016, seven two one two two $89,402,000 $1,595,000, $24,498,000 $20,782,000 $3,716,000 2016 During the year ended December 31, 2015, eight three one one one one one $48,602,000 $4,650,000, $21,666,000 $19,187,000 $2,479,000 2015 $153,000 December 31, 2015 2012. Foreclosure s There were no December 31, 2017 2015. During the year ended December 31, 2016, one $1,079,000 In addition, accrued interest and advances made on the loan (for items such as legal fees and delinquent property taxes) in the total amount of approximately $70,000 $495,000. $47,000 $448,000 2015, June 2016. The property was sold during 2017.

Note 6 - Real Estate Held for I

Note 6 - Real Estate Held for Investment	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Real Estate Held for Investment Disclosure [Text Block]	NOTE 6 Real estate held for investment as of December 31, 2017 2016 December 31, 2017 December 31, 2016 Retail $ 16,623,238 $ 16,829,995 Land 2,018,068 4,234,806 Residential 2,356,995 2,405,439 Assisted care — 5,820,709 Office 3,357,352 3,962,869 Marina — 4,025,945 $ 24,355,653 $ 37,279,763 The balances of land and the major classes of depreciable property for real estate held for investment as of December 31, 2017 2016 December 31, 201 7 December 31, 201 6 Land and land improvements $ 5,112,063 $ 11,520,339 Buildings and improvements 22,560,343 28,910,851 27,672,406 40,431,190 Less: Accumulated depreciation and amortization (3,316,753 ) (3,151,427 ) $ 24,355,653 $ 37,279,763 It is the Company’s intent to sell its real estate properties held for investment, but expected sales are not Depreciation expense was approximately $1,080,000, $1,186,000 $1,971,000 December 31, 2017, 2016 2015, Foreclosures There was no December 31, 2017, 2016 2015.

Note 7 - Line of Credit Payable

Note 7 - Line of Credit Payable	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 – LINE OF CREDIT PAYABLE The Company borrows funds under the California Bank & Trust (“CB&T”) Line of Credit and, until its termination in 2016, December 31, 2017 2016, December 31, 201 7 December 31, 201 6 Outstanding Balance Total Commitment Outstanding Balance Total Commitment CB&T Line of Credit $ 1,555,000 $ 27,259,000 $ 4,976,000 $ 22,625,000 CB&T Line of Credit In February 2014, April 2015, March 2016 June 2017 $75,000,000 June 1, 2018, February 28, 2018 ( 16 $3,500,000 Such borrowings bear interest payable monthly at the prime rate of interest established by CB&T from time-to-time plus one .25% 4.75% December 31, 2017). 2.00%. $100,000 $177,000 December 31, 2017). $255,000 Interest expense on the CB&T Credit Facility was approximately $312,000, $881,000 $431,000 December 31, 2017, 2016 2015, $158,000, $131,000 $126,000, Borrowings under the CB&T Credit Facility are secured by certain assets of the Company. These collateral assets include the grant to the lenders of first As of December 31, 2017, Loans: December 31 , 201 7 Commercial $ 40,829,143 Residential 1,653,107 Total $ 42,482,250 The CB&T Credit Facility agreements contain financial covenants which are customary for a loan of this type. Management is not December 31, 2017. Opus Bank Line of Credit In April 2014, September 2016 The Opus Credit Facility required the payment of an origination fee of $100,000 $231,000 $364,000 $126,000 December 31, 2016 2015, $103,000 $77,000, $45,000 December 31, 2016.

Note 8 - Notes and Loans Payabl

Note 8 - Notes and Loans Payable on Real Estate	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Mortgage Notes Payable Disclosure [Text Block]	NOTE 8 The Company had the following notes and loans payable outstanding as of December 31, 2017 2016: December 31, 2017 Interest Rate December 31, 2016 Interest Rate Payment Terms/ Frequency Maturity Date Tahoe Stateline Venture, LLC Loan Payable $ 13,242,514 4.22 % $ 13,634,889 3.47 % Amortizing Monthly January 2021 Zalanta Construction Loan Payable 17,176,288 6.00 % 20,213,560 5.25 % Interest Monthly Principal Quarterly August 2018 Principal amount $ 30,418,802 $ 33,848,449 Less unamortized deferred financing costs (226,369 ) (462,515 ) Notes and loans payable, net $ 30,192,433 $ 33,385,934 The following table shows maturities by year on these notes and loans payable as of December 31, 2017: Years ending December 31: 201 8 $ 17,546,247 201 9 387,135 20 20 403,792 20 21 12,081,628 202 2 — Thereafter — $ 30,418,802 Tahoe Stateline Venture , LLC Loan Payable In December 2014, $14,500,000. $10,445,000 first $3,830,000 September 2015. The maturity date of the TSV Loan is January 1, 2021 ( 3.47% January 1, 2018 three 4.22% five 5.00% ten 10.00% 90 January 1, 2018, 90 may During the term of the TSV Loan, TSV will make equal combined payments of principal and accrued interest on the first 300 The Credit Agreement required the payment of a closing fee of $108,750 $218,000. December 31, 2017, 2016 2015, $502,000, $515,000 $427,000, $36,000, $36,000 $36,000, The TSV Loan documents contain financial covenants which are customary for loans of this type . Management is not December 31, 2017. Zalanta Construction Loan Payable In August 2016, $31,000,000, Borrowings under the ZRV Loan documents are only for payment or reimbursement of approved Project costs and such borrowings are subject to customary conditions for loans of this type. The borrowings under the ZRV Loan may not 60% 65% 1.50% no five 5.0% December 31, 2017 6.00%. five 5.0% Interest only payments are payable monthly from an established interest reserve. In addition, commencing on August 18, 2017 $6 $6 one August 3, 2018. Borrowings are secured by: (i) a first $3,000,000 2017 $3,000,000 The ZRV Loan documents contain provisions that allow for the sale of individual condominiums in the Project during the term of the ZRV Loan, and the removal of those units from the collateral base, in exchange for payment of proceeds of the sales to Lender. Any such payment of sales proceeds to Lender will be applied to reduce the principal balance of the ZRV Loan and will reduce the quarterly Curtailment Requirement. Principal payments totaling approximately $13,580,000 December 31, 2017 seven The Loan Agreement required the payment of an origination fee of $310,000 $400,000. December 31, 2017 2016, $76,000 $83,000, December 31, 2017 2016, $472,000 $272,000, December 31, 2017, $774,000 $124,000 The ZRV Loan documents contain financial covenants which are customary for loans of this type . Management is not December 31, 2017.

Note 9 - Stockholders' Equity

Note 9 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 9 – STOCKHOLDERS’ EQUITY Dividends The following table presents the tax treatment for dividends paid by the Company on its Common Stock for the years ended December 31, 2017, 2016 2015: Dividend s Classified as Capital Gain Distribution Dividend s Classified as Return of Capital Year Total Dividends (4) Dividend s Paid Percent Dividend s Paid Qualified Dividend 5 ) Percent Dividend Paid Percent Dividend s Paid Common Stock: 2017 (1) $ 3,789,108 $ 0.380 87.67 % $ 0.333 — 12.33 % $ 0.047 — % $ 0.000 2016 (2) $ 3,279,193 $ 0.320 15.05 % $ 0.048 — 84.95 % $ 0.272 — % $ 0.000 2015 (3) $ 4,347,331 $ 0.410 100.00 % $ 0.410 — — % $ — — % $ 0.000 1 2017 not 640,267 2017 January 2018 ( ( 2 2016 not $582,698 2016 January 2017 ( ( 3 2015 not $1,313,657 2015 January 2016 ( $1,292,160 3 ( 4 Includes $14,438 $2,914 2017 2015, not ( 5 Stock Repurchase s and Repurchase Programs On May 27, 2015, 10b5 1 “2015 $7.5 December 31, 2015, 520,524 $7,503,000 $14.41 2015 2015. On December 11, 2015, 10b5 1 “2016 $7.5 No 2016 March 31, 2017. On June 9, 2017, 10b5 1 “2017 $10 2017 2017 July 13, 2017 December 31, 2017, 341,086 2017 $5,820,000 $17.06 4,000 January 2018 ( $65,000 $16.18 2017 December 29, 2017. On December 29, 2017, 669,058 December 2017 141,879 January 2018 ( 810,937 $19.25 $15.6 $4.1 2017 five two not may 810,937 December 29, 2017 $16.01 $12,983,000 $3.24 $2,627,000 141,879 January 2018, $2,731,000 December 31, 2017.

Note 10 - Contingency Reserves

Note 10 - Contingency Reserves	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Contingencies Disclosure [Text Block]	NOTE 10 In accordance with its charter, the Company is required to maintain cash, cash equivalents and marketable securities as contingency reserves in an aggregate amount of 1.50% not The contingency reserves required per the charter as of December 31, 2017 2016 $3,464,000 $3,738,000 OWENS REALTY MORTGAGE, INC . Notes to Consolidated Financial Statements

Note 11 - Income Taxes

Note 11 - Income Taxes	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 1 1 The Company operates in such a manner as to qualify as a REIT, under the provisions of the Internal Revenue Code of 1986, 90% of its REIT taxable income to its shareholders as well as comply, generally, with certain other qualification requirements as defined under the Code. As a REIT, the Company is not 100% of its REIT taxable income each year. During 2017, 2016 2015, 100% 2017, 2016 2015, $2,297,000, $4,451,000 $3,753,000, 2017, 2016 2015 not 35% $640,000, $583,000 $1,314,000 January 2018, 2017 2016, December 31, 2017, 2016 2015. Taxable income from non-REIT activities managed through the Company's taxable REIT subsidiaries (“TRS”) (Lone Star Golf, Inc., Zalanta Resort at the Village, LLC and East G, LLC) is subject to federal, state and local income taxes. The Company did not December 31, 2017, 2016 2015 not $785,000 December 31, 2017 2033 2037. During 2016, 2016 2015. No not not not 2017 During 2016, two 75 $7,249,000 $15,450,000 December 31, 2016. 2017, $4,041,655 34% 21% 2018 December 22, 2017, During the year ended December 31, 2015, $267,000 $93,000 December 31, 2015. As of December 31, 2017 2016, not no As of December 31, 2017, 2013 2017 May 19, 2013. The components of the income tax expense (benefit) as it relates to the Company’s taxable income (loss) from domestic TRSs during the years ended December 31, 2017 2016 Year Ended December 31, 201 7 Federal State and Local Total Change in valuation allowance $ 2,602,441 $ 418,020 $ 3,020,461 Reduction in Federal corporate tax rate 1,358,272 — 1,358,272 Other (293,814 ) (43,264 ) (337,078 ) Income tax expense (benefit) $ 3,666,899 $ 374,756 $ 4,041,655 Year Ended December 31, 2016 Federal State and Local Total Deferred expense (benefit) $ (6,655,774 ) $ (1,387,947 ) $ (8,043,721 ) Change in valuation allowance 794,744 — 794,744 Income tax expense (benefit) $ (5,861,030 ) $ (1,387,947 ) $ (7,248,977 ) A reconciliation of the income tax provision (benefit) based upon the statutory tax rates to the effective rates of our taxable REIT subsidiaries is as follows for the year ended December 31, 2017 2016: Year Ended December 31 , 201 7 Year Ended December 31 , 2016 Tax (benefit) expense at Federal statutory rate $ (149,766 ) $ (423,847 ) State income tax expense (benefit), net of Federal effect 250,193 (916,045 ) Real estate basis differences at TRS conversion — (6,753,272 ) Other (19,485 ) 49,443 Change in Federal valuation allowance 2,602,441 794,744 Reduction in Federal corporate tax rate 1,358,272 — Income tax expense (benefit) $ 4,041,655 $ (7,248,977 ) Significant components of the Company’s deferred tax assets (liabilities) for its TRS entities are as follows as of December 31, 2017 2016: Deferred tax assets (liabilities): December 31 , 201 7 December 31 , 2016 Real estate basis differences $ 4,255,681 6,154,411 Net operating losses 1,380,138 1,889,310 Total deferred tax assets 5,635,819 8,043,721 Valuation allowance (2,428,497 ) (794,744 ) Net deferred tax assets $ 3,207,322 7,248,977 Deferred income taxes reflect the net tax effects of temporary differences between the carrying amount of assets and liabilities for financial reporting purposes and the amounts for income tax purposes, as well as operating loss and tax credit carryforwards. The Company evaluates the realizability of its deferred tax assets and recognizes a valuation allowance if, based on the available evidence, both positive and negative, it is more likely than not not Management has estimated future taxable gains and losses on sale of ZRV real estate assets to determine how much of the deferred tax assets are realizable. This realizability analysis is inherently subjective and actual results could differ from these estimates. Based on an assessment of all factors, it was determined that a valuation allowance of $2,428,000 $795,000 December 31, 2017 2016, not $6,245,000 $982,000, December 31, 2017. $3,511,000 December 31, 2017; not not not 2036 2037.

Note 12 - Transactions With Aff

Note 12 - Transactions With Affiliates	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 1 2 OFG is entitled to receive from the Company a management fee of up to 2.75% twelve 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 0.25% OFG, at its sole discretion may, not may 1 12 of the maximum limits, at the end of the calendar year the sum of the fees collected for each of the 12 $3,546,000, $3,286,000 $2,051,000 December 31, 2017, 2016 2015, $362,000, $299,000 $186,000 December 31, 2017, 2016 2015, December 31, 2017 2016, $245,000 $324,000, During the first six December 31, 2017 December 31, 2016 2015, August 2017, July 1, 2017 Pursuant to the charter, OFG receives all late payment charges from borrowers on loans owned by the Company, with the exception of those loans participated with outside entities. The amounts paid to or collected by OFG for such charges on Company loans totaled approximately $83,000, $83,000 $30,000 December 31, 2017, 2016 2015, $23,000, $20,000 $7,000 December 31, 2017, 2016 2015, OFG originates all loans the Company invests in and receives loan origination fees from borrowers. Such fees earned by OFG amounted to approximately $2,492,000, $2,514,000 $1,956,000 $122,240,000, $101,594,000 $80,448,000 December 31, 2017, 2016 2015, 2.0%, 2.5% 2.4% December 31, 2017, 2016 2015, OFG is reimbursed by the Company for the actual cost of goods, services and materials used for or by the Company and obtained from unaffiliated entities 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 $381,000, $440,000 $590,000 December 31, 2017, 2016 2015, December 31, 2016 2015, $32,000 $36,000, $2,000, $0 $1,000 December 31, 2017, 2016 2015, The Company paid Investor’s Yield, Inc. (a wholly owned subsidiary of OFG) approximately $1,000, $9,000 $10,000 December 31, 2017, 2016 2015, During 2015, $1,499,000

Note 13 - Rental Income

Note 13 - Rental Income	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Leases of Lessor Disclosure [Text Block]	NOTE 1 3 The Company’s real estate properties held for sale and investment are leased to tenants under noncancellable leases with remaining terms ranging from one ten five December 31, 2017, Year ending December 31: 201 8 $ 2,130,167 201 9 1,606,224 20 20 806,807 20 21 760,279 202 2 544,115 Thereafter (through 2027) 1,096,713 Total $ 6,944,305

Note 14 - Fair Value

Note 14 - Fair Value	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 1 4 The Company measures its financial and nonfinancial assets and liabilities pursuant to ASC 820 Fair Value Measurements and Disclosures 820 Fair value is defined in ASC 820 820 three may Level 1 Quoted prices in active markets for identical assets or liabilities Level 2 Observable inputs other than Level 1 not Level 3 Unobservable inputs that are supported by little or no Level 3 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 one 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 recurring and nonrecurring basis. Impaired Loans The Company does not ninety 310 10 35. third not December 31, 2017 2016, third 820, 2. not 3. 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 third two may 2 3 There were no December 31, 2017 2016. The following table presents information about the Company’s assets measured at fair value on a nonrecurring basis as of December 31, 2017 2016: Fair Value Measurements Using Carrying Value Quoted Prices In Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs 201 7 Nonrecurring: Impaired loans: Residential $ 1,115,999 $ — $ — $ 1,115,999 Total $ 1,115,999 $ — $ — $ 1,115,999 Real estate properties: Commercial $ 7,460,800 $ — $ — $ 7,460,800 Land 1,914,870 1,914,870 Total $ 9,375,670 $ — $ — $ 9,375,670 201 6 Nonrecurring Impaired loans: Residential $ 4,413,000 $ — $ — $ 4,413,000 Total $ 4,413,000 $ — $ — $ 4,413,000 Real estate properties: Land $ 139,498 $ — $ — $ 139,498 Commercial 732,539 732,539 Total $ 872,037 $ — $ — $ 872,037 The provision for loan losses (net) based on the fair value of loan collateral less estimated selling costs for the impaired loans above totaled approximately $0 $733,000 December 31, 2017 2016, $546,000 2017 $1,423,000 $3,228,000 December 31, 2017 2016, December 31, 2017 2016 $145,000 $2,110,000, $1,278,000 $1,118,000, During the years ended December 31, 2017 2016, no 1 2. The following table presents quantitative information about Level 3 December 31, 2017 2016: December 31, 2017: Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Residential $ 1,115,999 Comparable Sales Comparable Sales Adjustment (4.6)% to 4.2% N/A Real Estate Properties: Commercial $ 7,460,800 Appraisal Comparable Sales Adjustment (23.7)% to (11.6)% (13.5 )% Land 1,914,870 Appraisal Comparable Sales Adjustment (50.8)% to 21.9% N/A Estimate of Future Improvements 32.5% N/A December 31, 2016: Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Residential $ 4,413,000 Comparable Sales Comparable Sales Adjustment (4.6)% to 4.2% N/A Real Estate Properties: Land $ 139,498 Appraisal Comparable Sales Adjustment (33.7)% N/A Commercial 732,539 Appraisal Comparable Sales Adjustment (5.0)% to 5.0% N/A Capitalization Rate 7.3% N/A Where only one one one The approximate carrying amounts and estimated fair values of financial instruments at December 31, 2017 2016 Fair Value Measurements at December 31 , 201 7 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 2,171,000 $ 2,171,000 $ — $ — $ 2,171,000 Restricted cash 3,500,000 3,500,000 — — 3,500,000 Loans , net 144,344,000 — — 144,255,000 144,255,000 Investment in limited liability company 2,141,000 — — 4,819,000 4,819,000 Accrued i nterest and advances receivable 1,459,000 — — 1,459,000 1,459,000 Financial liabilities Accrued interest payable $ 115,000 — 77,000 38,000 $ 115,000 Lines of credit payable 1,555,000 — 1,555,000 — 1,555,000 Note s payable 30,419,000 — 17,176,000 13,233,000 30,409,000 Fair Value Measurements at December 31 , 201 6 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 434,000 $ 434,000 $ — $ — $ 434,000 Restricted cash 6,500,000 6,500,000 — — 6,500,000 Loans , net 126,975,000 — — 126,652,000 126,652,000 Investment in limited liability company 2,140,000 — — 2,650,000 2,650,000 Accrued interest and advances receivable 1,328,000 — — 1,328,000 1,328,000 Financial liabilities Accrued interest payable $ 137,000 — 97,000 40,000 $ 137,000 Lines of credit payable 4,976,000 — 4,976,000 — 4,976,000 Note s payable 33,386,000 — 20,213,000 13,499,000 33,712,000 The following methods and assumptions were used by the Company in estimating the fair value of each class of financial instruments: Cash, cash e quivalents and r estricted c ash: 1. Loans , net : 3 3. Investment in limited liability company : 3 Lines of credit payable: 2 2. Notes and loans payable: 2 3 2 one 3 2 3.

Note 15 - Commitments and Conti

Note 15 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 15 - COMMITMENTS AND CONTINGENCIES Contractual Obligations As of December 31, 2017, $30,495,000 $3,883,000 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

Note 16 - Subsequent Events

Note 16 - Subsequent Events	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 16 – SUBSEQUENT EVENTS As described above in Note 9, 141,879 January 2018 $2,731,000 $2,271,000 $460,000 December 31, 2017. The Company sold three January February 2018 $3,725,000 $539,000. Effective February 28, 2018, March 1, 2018 June 1, 2018, On March 12, 2018, $0.16 March 31, 2018. April 13, 2018 March 31, 2018

Note 17 - Summary Quarterly Con

Note 17 - Summary Quarterly Consolidated Financial Information (Unaudited)	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
Quarterly Financial Information [Text Block]	NOTE 17 – SUMMARY QUARTERLY CONSOLIDATED FINANCIAL INFORMATION ( UNAUDITED ) The following tables represent unaudited summarized quarterly financial data of the Company for the years ended December 31, 2017, 2016 2015 Three Months Ended December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Total revenues $ 3,850,940 $ 4,277,493 $ 3,867,290 3,537,405 Total expenses 3,964,664 3,427,969 4,164,895 3,355,582 Operating (loss) income (113,724 ) 849,524 (297,605 ) 181,823 Gain (loss) on sale of real estate, net 268,891 582,496 13,877,715 (181 ) Settlement expense (2,627,436 ) — — — Net (loss) income before income taxes (2,472,269 ) 1,432,020 13,580,110 181,642 Income tax (expense) benefit (1,951,828 ) (1,275,700 ) (824,163 ) 10,036 Net (loss) income attributable to common stockholders $ (4,424,097 ) $ 156,320 $ 12,755,947 $ 191,678 (Loss) e arnings per common share (basic and diluted) $ (0.44 ) $ 0.02 $ 1.24 $ 0.02 Weighted average number of common shares outstanding (basic and diluted) 9,984,352 10,173,448 10,247,477 10,247,477 Dividends declared per share of Common Stock $ 0.10 $ 0.10 $ 0.10 $ 0.08 Three Months Ended December 31, 2016 September 30, 2016 June 30, 2016 March 31, 2016 Total revenues $ 3,667,283 $ 4,493,977 $ 4,692,114 4,225,617 Total expenses 3,942,004 5,587,213 6,999,063 4,316,678 Operating loss (274,721 ) (1,093,236 ) (2,306,949 ) (91,061 ) (Loss) gain on sale of real estate, net (536,419 ) 20,195,367 — 4,838,815 Net (loss) income before income taxes (811,140 ) 19,102,131 (2,306,949 ) 4,747,754 Income tax (expense) benefit (380,706 ) 260,848 7,368,835 — Net (loss) income (1,191,846 ) 19,362,979 5,061,886 4,747,754 Less: Net loss (income) attributable to non-controlling interests 15,960 (3,630,318 ) 56,847 (13,492 ) Net (loss) income attributable to common stockholders $ (1,175,886 ) $ 15,732,661 $ 5,118,733 $ 4,734,262 (Loss) earnings per common share (basic and diluted) $ (0.11 ) $ 1.54 $ 0.50 $ 0.46 Weighted average number of common shares outstanding (basic and diluted) 10,247,477 10,247,477 10,247,477 10,247,477 Dividends declared per share of Common Stock $ 0.08 $ 0.08 $ 0.08 $ 0.08 Three Months Ended December 31, 2015 September 30, 2015 June 30, 2015 March 31, 2015 Total revenues $ 4,432,455 $ 4,414,217 $ 5,987,048 6,409,831 Total expenses 2,817,184 3,998,225 4,463,246 5,453,674 Operating income 1,615,271 415,992 1,523,802 956,157 Gain on sale of real estate, net 6,787,254 — 14,825,858 205,441 Gain on foreclosure of loans — — — — Net income before income tax expense 8,402,525 415,992 16,349,660 1,161,598 Income tax expense 93,335 — — — Net income 8,309,190 415,992 16,349,660 1,161,598 Less: Net income attributable to non-controlling interests (36,891 ) (31,671 ) (2,588,884 ) (9,878 ) Net income attributable to common stockholders $ 8,272,299 $ 384,321 $ 13,760,776 $ 1,151,720 Earnings per common share (basic and diluted) $ 0.80 $ 0.04 $ 1.28 $ 0.11 Weighted average number of common shares outstanding (basic and diluted) 10,310,149 10,538,735 10,768,001 10,768,001 Dividends declared per share of Common Stock $ 0.08 $ 0.08 $ 0.18 $ 0.07

Financial Statement Schedule II

Financial Statement Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Text Block]	OWENS REALTY MORTGAGE, INC. FINANCIAL STATEMENT SECHEDULE III - REAL ESTATE AND ACCUMULATED DEPRECIATION DECEMBER 31, 20 17 Description Encumbrances Initial Cost Capitalized Costs Sales Impairment Write-downs Accumulated Depreciation Carrying Value Date Acquired Depreciable Lives Retail Complex (TSV), South Lake Tahoe, California $ 13,242,514 Note Payable 6,409,617 12,292,082 $ (41,667 ) — $ (2,036,794 ) $ 16,623,238 Various 5 - 39 Retail Complex and 23 Residential Condominium Units (ZRV),South Lake Tahoe, California $ 17,176,288 Construction Loan Payable 5,016,443 36,825,438 (9,581,278 ) — — Note 4 32,260,603 Various N/A Residential Land (ZRV II), South Lake Tahoe, California None 2,032,963 4,528,060 — — — Note 4 6,561,023 Various N/A Assisted Living Facility, Bensalem, Pennsylvania None 4,454,867 1,265,436 — (467,178 ) — Note 5 5,253,125 12/12/2014 N/A Office Con dominium Complex (13 units), Roseville, California None 8,569,286 321,923 (1,632,971 ) (3,712,707 ) (680,529 ) Note 6 2,865,002 9/26/2008 2 - 39 7 3 Residential Lots, Auburn, California None 13,746,625 376,746 (96,678 ) (9,904,826 ) — Note 7 4,121,867 9/27/2007 N/A 12 Condominium & 3 Commercial Units, Tacoma, Washington None 2,486,400 84,909 — — (307,961 ) 2,263,348 7/8/2011 27.5 - 39 Marina & Boat Club with 179 Boat Slips, Isleton, California None 1,809,663 713,318 — (315,306 ) — Note 8 2,207,675 1/29/2013 N/A Undeveloped, Industrial Land, San Jose, California None 3,025,992 102,046 — (1,213,168 ) — Note 9 1,914,870 12/27/2002 N/A Golf Course, Auburn, California None 1,796,254 203,195 — — Note 10 1,999,449 6/20/2009 N/A Unimproved residential and commercial land, Bethel Island , California None 2,336,640 3,460 (1,867 ) — — 2,338,233 3/11/2014 N/A Miscellaneous Real Estate None (291,469 ) 2,057,692 Various Various TOTALS $ (3,316,753 ) $ 80,466,125 NOTE 1: were purchased in 2012 2014 one 2015. NOTE 2: Balance at beginning of period (1/1/1 5) $ 163,016,805 Additions during period: Acquisitions through foreclosure — Investments in real estate properties 25,274,125 Amortization of deferred financing costs capitalized to construction project 207,347 Subtotal 188,498,277 Deductions during period: Cost of real estate properties sold 31,099,086 Impairment losses on real estate properties 1,589,434 Depreciation of properties held for investment 1,971,345 Balance at end of period (12/31/1 5) $ 153,838,412 Balance at beginning of period (1/1/1 6) $ 153,838,412 Additions during period: Acquisitions through foreclosure 700,800 Investments in real estate properties 29,061,735 Amortization of deferred financing costs capitalized to construction project 119,471 Subtotal 183,720,418 Deductions during period: Cost of real estate properties sold 66,183,589 Impairment losses on real estate properties 3,227,807 Depreciation of properties held for investment 1,185,624 Balance at end of period (12/31/16) $ 113,123,398 Balance at beginning of period (1/1/1 7) 113,123,398 Additions during period: Acquisitions through foreclosure — Investments in real estate properties 11,274,904 Amortization of deferred financing costs capitalized to construction project 76,260 Subtotal 124,474,562 Deductions during period: Cost of real estate properties sold 41,505,148 Impairment losses on real estate properties 1,423,286 Depreciation of properties held for investment 1,080,003 Balance at end of period (12/31/1 7) $ 80,466,125 NOTE 3: Balance at beginning of period (1/1/15) $ 6,075,287 Additions during period: Depreciation expense 1,971,345 Subtotal 8,046,632 Deductions during period: Accumulated depreciation on real estate moved to held for sale 5,131,036 Balance at end of period (12/31/15) $ 2,915,596 Balance at beginning of period (1/1/16) $ 2,915,596 Additions during period: Depreciation expense 1,185,624 Subtotal 4,101,220 Deductions during period: Accumulated depreciation on real estate moved to held for sale 949,793 Balance at end of period (12/31/16) $ 3,151,427 Balance at beginning of period (1/1/1 7) 3,151,427 Additions during period: Depreciation expense 1,080,003 Subtotal 4,231,430 Deductions during period: Accumulated depreciation on real estate moved to held for sale 914,677 Balance at end of period (12/31/1 7) $ 3,316,753 NOTE 4: December 31, 201 7 $518,960 $2,571,536 two NOTE 5: $467,178 2017 Property was moved to Held for Sale during 2017 $563,299 NOTE 6: $3,712,707 2010 2011 third NOTE 7: $9,904,826 2009 2012 third NOTE 8: $315,306 2017 management’s estimate of value and third 2017 $192,862 NOTE 9: $1,213,168 2010 2012 2017 third NOTE 10: 2016 $267,716 NOTE 11: $105,382,000.

Financial Statement Schedule IV

Financial Statement Schedule IV - Mortgage Loans on Real Estate	12 Months Ended
	Dec. 31, 2017
Notes to Financial Statements
SEC Schedule IV Mortgage Loans On Real Estate Disclosure [Text Block]	OWENS REALTY MORTGAGE, INC. FINANCIAL STATEMENT SCHEDULE IV - MORTGAGE LOANS ON REAL ESTATE DECEMBER 31, 20 17 Description Interest Rate Final Maturity date Carrying Amount of Mortgages Principal Amount of Loans Subject to Delinquent Principal Principal Amount of Loans Subject to Delinquent Payments TYPE OF PROPERTY Commercial 6.99 - 10.00% Current to November 2020 $ 127,873,281 $ 4,585,000 $ 1,212,851 Residential 7.75 - 11.00% Current to March 2028 13,170,795 10,107,398 7,321,359 Land 4.00 - 9.82% October 2018 to October 2020 5,127,574 — — TOTAL $ 146,171,650 $ 14,692,398 $ 8,534,210 AMOUNT OF LOAN $0 - 500,000 6.00 - 10.00% Current to March 2028 $ 2,631,611 $ 1,039,157 $ 771,057 $500,001 - 1,000,000 7.75 - 11.00% Current to January 2020 3,736,554 2,146,369 1,577,452 $1,000,001 - 5,000,000 4.00 - 10.00% Current to November 2020 75,562,318 11,506,872 6,185,701 Over $ 5,000,000 6.99 - 8.00% January 2018 to November 2019 64,241,167 — — TOTAL $ 146,171,650 $ 14,692,398 $ 8,534,210 POSITION OF LOAN First 4.00 - 11.00% Current to March 2028 $ 142,782,492 $ 13,803,241 $ 8,045,052 Second 8.00 - 9.82% Current to October 2018 3,389,158 889,157 489,158 TOTAL $ 146,171,650 $ 14,692,398 $ 8,534,210 NOTE 1: All loans are arranged by or acquired from an affiliate of the Company, namely Owens Financial Group, Inc., the Manager. NOTE 2: Balanc e at beginning of period (1/1/15) $ 68,033,511 Additions during period: New loans 73,389,645 Advances moved to principal of loans 536,816 Subtotal 141,959,972 Deductions during period: Collection of principal 35,216,165 Foreclosures — Ba lance at end of period (12/31/15) $ 106,743,807 Balance at beginning of period (1/1/ 16) $ 106,743,807 Additions during period: New loans , including from sale of real estate property 79,867,140 Discount accretion — Subtotal 186,610,947 Deductions during period: Collection of principal 55,849,884 Foreclosures 1,078,752 Balance at end of period (12/31/ 16) $ 129,682,311 Balance at beginning of period (1/1/ 17) $ 129,682,311 Additions during period: New loans , including from sale of real estate property 86,274,680 Subtotal 215,956,991 Deductions during period: Collection of principal 69,785,341 Foreclosures — Balance at end of period (12/31/ 17) $ 146,171,650 NOTE 3: Included in the above loans are the following loans which exceed 3% December 31, 2017: Description Interest Rate Final Maturity Date Periodic Payment Terms Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages Principal Amount of Loans Subject to Delinquent Principal or Interest Apartment Building Oxnard, California 7.25 % 4/1/18 Interest only, balance due at maturity 0 14,900,000 13,272,146 0 Hotel Novi, Michigan 7.75 % 12/31/18 Interest only, balance due at maturity 0 8,835,000 8,467,892 0 Shopping Center Ontario, California 6.99 % 1/1/18 Interest only, balance due at maturity 0 10,000,000 8,400,000 0 Office Building Pleasanton, California 7.50 % 11/1/19 Interest only, balance due at maturity 0 8,250,000 8,000,000 0 Office Building Pleasanton, California 7.50 % 11/1/19 Interest only, balance due at maturity 0 8,250,000 6,757,044 0 Retail Building Antioch, California 8.00 % 10/15/18 Interest only, balance due at maturity 0 7,000,000 6,741,605 0 Storage Facility Benbrook, Texas 7.75 % 5/15/18 Interest only, balance due at maturity 0 6,625,000 6,625,000 0 Retail Building Folsom, California 7.75 % 1/15/19 Interest only, balance due at maturity 0 8,006,000 5,977,480 0 Office Building Chula Vista, California 8.00 % 11/1/18 Interest only, Balance due at maturity 0 5,600,000 4,760,059 0 TOTALS $ 0 $ 77,466,000 $ 69,001,226 $ 0 NOTE 4: The aggregate cost of the Company’s loans for Federal income tax purposes is approximately $146,718,000 December 31, 2017.

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation The consolidated financial statements include the accounts of the Company and its majority and wholly owned limited liability companies. All significant inter-company transactions and balances have been eliminated in consolidation. The Company also has a 50% 4 one Certain reclassifications have been made to the 2015 2016 2017 None
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 Standards In January 2017, 2017 01, 805 2017 01. 2017 01 December 15, 2017. not 2017 01 In November 2016, 2016 18, 230 2016 18. 2016 18 December 15, 2017 2016 18 In August 2016, 2016 15, 230 2016 15. 2016 15 eight December 15, 2017 2016 15 In June 2016, 2016 13, 326 2016 13. 2016 13 2016 13 December 15, 2019, December 15, 2018. 2016 13 not may In May 2014, 2014 09, 606 2014 09. 2014 09 2014 09’s one 2015 14, first December 15, 2017, not not not 2014 09, 2016 02, 4% 2017. 2014 09, four 2014 09 January 1, 2018, not In February 2016, 2016 02, 842 2016 02, . ASU 2016 02 December 15, 2018, not 2014 09. The Company does not 2016 02 In January 2016, 2016 01, 825 10 2016 01. 2016 01 not 1 2 3 4 2016 01 2016 01 December 15, 2017, not
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and Cash Equivalents Cash and cash equivalents include funds on deposit with financial institutions.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Restricted Cash Restricted cash includes contingency reserves required pursuant to the Company’s charter and non-interest bearing deposits required pursuant to the Company’s lines of credit (see Note 7
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration of Credit Risk Financial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash and cash equivalents and loans. The Company places its cash and cash equivalents with financial institutions and, at times, cash held may
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	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 third ninety not not not not 12 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 not Regardless of the 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. 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 fourth may 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 not The determination of the general reserve for loans that are not not 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 not 1 2 3 Land Loans – These loans generally possess a higher inherent risk of loss than other real estate portfolio segments. A major risk arises from the necessity to complete projects within specified costs and time lines. Trends in the construction industry significantly impact the credit quality of these loans as demand drives construction activity. In addition, trends in real estate values significantly impact the credit quality of these loans, as property values determine the economic viability of construction projects. Commercial and Residential Real Estate Loans – Adverse economic developments or an overbuilt market impact commercial and residential real estate projects and may Management monitors the credit quality of the Company’s loan portfolio on an ongoing basis using certain credit quality indicators including a loan’s delinquency status and internal asset classification. A loan is considered classified when it meets the definition of impaired as described above.
Other Assets [Policy Text Block]	Other Assets Other assets primarily include deferred rent, capitalized lease commissions, prepaid expenses, deposits and inventory. Amortization of lease commissions is provided on the straight-line method over the lives of the related leases.
Deferred Charges, Policy [Policy Text Block]	Deferred Financing Costs Issuance and other costs related to the Company’s lines of credit and certain notes payable are capitalized and amortized to interest expense under either the straight-line or effective interest methods over the terms of the respective debt instruments. Deferred financing costs related to the construction loan in Zalanta Resort at the Village, LLC were amortized to the construction project under the straight-line method over the term of construction/renovation.
Revenue Recognition, Policy [Policy Text Block]	Rental Income The Company leases multifamily rental units under operating leases with terms of generally one
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale Real estate held for sale includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, that is being marketed for sale. Real estate held for sale is recorded at acquisition at the property’s estimated fair value less estimated costs to sell. Any excess of the recorded investment in the loan over the net realizable value is charged against the allowance for loan losses. Any excess of the net realizable value over the recorded investment in the loan is credited first After acquisition, costs incurred relating to the development and improvement of property are capitalized to the extent they do not not Gains on the sale of real estate are recorded using the full accrual method whereby the amount by which the net sale proceeds exceeds the property’s carrying amount is recorded as gain in full on the date of sale if the following criteria are met: ● The gain is determinable, that is, the collectability of the sales price is reasonably assured or the amount that will not ● The earnings process is virtually complete, that is, the Company is not Sales of real estate properties that do not ● Deposit method – If it is determined a sale has not not ● Cost recovery method – If recovery of the cost of the property is not no ● Installment method – If the buyer's initial investment is inadequate, as measured by its composition and its size compared with the sales value of the property, and if recovery of the carrying amount of the property is reasonably assured if the buyer defaults, the transaction is accounted for under the installment method whereby each cash receipt and principal payment by the buyer on debt assumed is allocated between cost recovered and gain. This allocation is in the same ratio as total cost and total gain bear to the sales value. ● Reduced profit method – If the buyer’s initial investment is adequate but the buyer’s continuing investment is inadequate, as measured by the annual payments required by the buyer compared to a 20 first 20 not first first not may
Real Estate, Policy [Policy Text Block]	Real Estate Held for Investment Real estate held for investment includes real estate acquired in full or partial settlement of loan obligations, generally through foreclosure, that is not After acquisition, costs incurred relating to the development and improvement of the property are capitalized, whereas costs relating to operating or holding the property are expensed. Subsequent to acquisition, management periodically compares the carrying value of real estate to expected undiscounted future cash flows 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 estimated fair value through an impairment loss charged to earnings. Subsequent increases in the fair value of such properties are not Depreciation of real estate properties held for investment is provided on the straight-line method over the estimated remaining useful lives of buildings and improvements ( 5 39 The Company reclassifies real estate properties from held for investment to held for sale in the period in which all of the following criteria are met: 1 2 3 4 one 5 If circumstances arise that previously were considered unlikely, and, as a result, the Company decides not not
Earnings Per Share, Policy [Policy Text Block]	Earnings per Common Share The Company calculates basic earnings per common share by dividing net income attributable to common stockholders for the period by the weighted-average shares of Common Stock outstanding for that period. Diluted earnings per common share take into effect any dilutive instruments, unless if when doing so such effect would be anti-dilutive. At the present time, the Company has not no
Income Tax, Policy [Policy Text Block]	Income Taxes Income tax expense is the total of the current year income tax due or refundable and the change in deferred tax assets and liabilities, if any. Deferred tax assets and liabilities are the expected future tax amounts for the temporary differences between carrying amounts and tax bases of assets and liabilities, computed using enacted tax rates. A valuation allowance, if needed, reduces deferred tax assets to the amount that is “more likely than not” The Company has elected to be taxed as a REIT. As a result of the Company’s REIT qualification and its distribution policy, the Company does not 90% not may four may The Company has elected or may TRS” ). In general, a TRS of a REIT may may Gains on sales of certain properties may 1221 1 The accounting guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return and also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. A tax position is recognized as a benefit only if it is “more likely than not” no December 31, 2017 2016. Certain entities included in the Company’s consolidated financial statements are subject to certain state and local taxes. These taxes are recorded as general and administrative expenses in the accompanying consolidated financial statements.

Note 3 - Loans and Allowance 27

Note 3 - Loans and Allowance for Loan Losses (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	201 7 Commercial Residential Land Total Allowance for loan losses: Beginning balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Charge-offs — (546,004 ) — (546,004 ) Recoveries 27,000 — — 27,000 Provision (Reversal) 177,487 (333,777 ) (203,722 ) (360,012 ) Ending balance $ 1,069,458 $ 451,537 $ 306,811 $ 1,827,806 Ending balance: individually evaluated for impairment $ — $ 186,708 $ — $ 186,708 Ending balance: collectively evaluated for impairment $ 1,069,458 $ 264,829 $ 306,811 $ 1,641,098 Ending balance $ 1,069,458 $ 451,537 $ 306,811 $ 1,827,806 Loans: Ending balance $ 127,873,281 $ 13,170,795 $ 5,127,574 $ 146,171,650 Ending balance: individually evaluated for impairment $ 1,212,851 $ 7,321,359 $ — $ 8,534,210 Ending balance: collectively evaluated for impairment $ 126,660,430 $ 5,849,436 $ 5,127,574 $ 137,637,440 201 6 Commercial Residential Land Total Allowance for loan losses: Beginning balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446 Charge-offs (447,520 ) — — (447,520 ) Recoveries 27,000 — — 27,000 Provision 144,961 875,731 264,204 1,284,896 Ending balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Ending balance: individually evaluated for impairment $ — $ 732,712 $ — $ 732,712 Ending balance: collectively evaluated for impairment $ 864,971 $ 598,606 $ 510,533 $ 1,974,110 Ending balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Loans: Ending balance $ 102,442,111 $ 19,001,677 $ 8,238,523 $ 129,682,311 Ending balance: individually evaluated for impairment $ — $ 4,883,866 $ — $ 4,883,866 Ending balance: collectively evaluated for impairment $ 102,442,111 $ 14,117,811 $ 8,238,523 $ 124,798,445 201 5 Commercial Residential Land Total Allowance for loan losses: Beginning balance $ 888,260 $ 1,975,112 $ 5,983 $ 2,869,355 Charge-offs — — — — Provision (Reversal) 252,270 (1,519,525 ) 240,346 (1,026,909 ) Ending balance $ 1,140,530 $ 455,587 $ 246,329 $ 1,842,446
Past Due Financing Receivables [Table Text Block]	December 31, 2017 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 $ 1,212,851 $ — $ — $ 1,212,851 $ 126,660,430 $ 127,873,281 Residential — 4,676,433 2,644,926 7,321,359 5,849,436 13,170,795 Land — — — — 5,127,574 5,127,574 $ 1,212,851 $ 4,676,433 $ 2,644,926 $ 8,534,210 $ 137,637,440 $ 146,171,650 December 31, 201 6 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 $ — $ — $ — $ — $ 102,442,111 $ 102,442,111 Residential 1,983,247 — 4,883,866 6,867,113 12,134,564 19,001,677 Land 1,080,000 — — 1,080,000 7,158,523 8,238,523 $ 3,063,247 $ — $ 4,883,863 $ 7,947,113 $ 121,735,198 $ 129,682,311
Impaired Financing Receivables [Table Text Block]	As of December 31, 201 7 Year Ended December 31, 201 7 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 1,222,499 $ 1,212,851 $ — $ 101,875 $ 19,189 Residential 6,610,216 6,505,469 — 753,711 50,369 Land — — — — — $ 7,832,715 $ 7,718,320 $ — $ 855,586 $ 69,559 With an allowance recorded: Commercial $ — $ — $ — $ — $ — Residential 1,302,707 815,890 186,708 3,188,101 — Land — — — — — $ 1,302,707 815,890 $ 186,708 $ 3,188,101 $ — Total: Commercial $ 1,222,499 $ 1,212,851 $ — $ 101,875 $ 19,189 Residential 7,912,923 7,321,359 186,708 3,941,813 50,369 Land — — — — — $ 9,135,422 $ 8,534,210 $ 186,708 $ 4,043,688 $ 69,559 As of December 31, 201 6 Year Ended December 31, 201 6 Recorded Investment Unpaid Principal Balance Related Allowance Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ — $ 1,684,877 $ 38,187 Residential 228,349 228,349 — 236,042 20,598 Land — — — — — $ 228,349 $ 228,349 $ 1,920,919 $ 58,785 With an allowance recorded: Commercial $ — $ — $ — $ 865,285 $ — Residential 5,145,712 4,655,517 732,712 6,209,540 — Land — — — — — $ 5,145,712 4,655,517 $ 732,712 $ 7,074,825 $ — Total: Commercial $ — $ — $ — $ 2,550,162 $ 38,187 Residential 5,374,061 4,883,866 732,712 6,445,582 20,598 Land — — — — — $ 5,374,061 $ 4,883,866 $ 732,712 $ 8,995,744 $ 58,785 Year Ended December 31, 201 5 Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 2,300,846 $ 639,935 Residential 8,217,114 192,491 Land 310,011 216,904 $ 10,827,971 $ 1,049,330 With an allowance recorded: Commercial $ 1,119,594 $ 49,442 Residential — — Land — — $ 1,119,594 $ 49,442 Total: Commercial $ 3,420,440 $ 689,377 Residential 8,217,114 192,491 Land 310,011 216,904 $ 11,947,565 $ 1,098,772
Troubled Debt Restructurings on Financing Receivables [Table Text Block]	Modifications During the Year Ended December 31, 2017 Number of Contracts Pre-Modification Outstanding Recorded Investment Post-Modification Outstanding Recorded Investment Troubled Debt Restructurings That Occurred During the Year Commercial 1 $ 1,173,625 $ 1,212,851

Note 5 - Real Estate Held for28

Note 5 - Real Estate Held for Sale (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Properties Acquired Through Foreclosure [Table Text Block]	December, 2017 December 31, 2016 Residential $ 24,627,710 $ — Land (including land under development) 14,389,620 73,140,659 Retail 7,632,893 — Golf course 1,999,449 1,970,437 Marina 2,207,675 — Assisted care 5,253,125 — Office — 732,539 $ 56,110,472 $ 75,843,635

Note 6 - Real Estate Held for29

Note 6 - Real Estate Held for Investment (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Description Encumbrances Initial Cost Capitalized Costs Sales Impairment Write-downs Accumulated Depreciation Carrying Value Date Acquired Depreciable Lives Retail Complex (TSV), South Lake Tahoe, California $ 13,242,514 Note Payable 6,409,617 12,292,082 $ (41,667 ) — $ (2,036,794 ) $ 16,623,238 Various 5 - 39 Retail Complex and 23 Residential Condominium Units (ZRV),South Lake Tahoe, California $ 17,176,288 Construction Loan Payable 5,016,443 36,825,438 (9,581,278 ) — — Note 4 32,260,603 Various N/A Residential Land (ZRV II), South Lake Tahoe, California None 2,032,963 4,528,060 — — — Note 4 6,561,023 Various N/A Assisted Living Facility, Bensalem, Pennsylvania None 4,454,867 1,265,436 — (467,178 ) — Note 5 5,253,125 12/12/2014 N/A Office Con dominium Complex (13 units), Roseville, California None 8,569,286 321,923 (1,632,971 ) (3,712,707 ) (680,529 ) Note 6 2,865,002 9/26/2008 2 - 39 7 3 Residential Lots, Auburn, California None 13,746,625 376,746 (96,678 ) (9,904,826 ) — Note 7 4,121,867 9/27/2007 N/A 12 Condominium & 3 Commercial Units, Tacoma, Washington None 2,486,400 84,909 — — (307,961 ) 2,263,348 7/8/2011 27.5 - 39 Marina & Boat Club with 179 Boat Slips, Isleton, California None 1,809,663 713,318 — (315,306 ) — Note 8 2,207,675 1/29/2013 N/A Undeveloped, Industrial Land, San Jose, California None 3,025,992 102,046 — (1,213,168 ) — Note 9 1,914,870 12/27/2002 N/A Golf Course, Auburn, California None 1,796,254 203,195 — — Note 10 1,999,449 6/20/2009 N/A Unimproved residential and commercial land, Bethel Island , California None 2,336,640 3,460 (1,867 ) — — 2,338,233 3/11/2014 N/A Miscellaneous Real Estate None (291,469 ) 2,057,692 Various Various TOTALS $ (3,316,753 ) $ 80,466,125
By Property [Member]
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	December 31, 2017 December 31, 2016 Retail $ 16,623,238 $ 16,829,995 Land 2,018,068 4,234,806 Residential 2,356,995 2,405,439 Assisted care — 5,820,709 Office 3,357,352 3,962,869 Marina — 4,025,945 $ 24,355,653 $ 37,279,763 December 31, 201 7 December 31, 201 6 Land and land improvements $ 5,112,063 $ 11,520,339 Buildings and improvements 22,560,343 28,910,851 27,672,406 40,431,190 Less: Accumulated depreciation and amortization (3,316,753 ) (3,151,427 ) $ 24,355,653 $ 37,279,763

Note 7 - Line of Credit Payab30

Note 7 - Line of Credit Payable (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Line of Credit Facilities [Table Text Block]	December 31, 201 7 December 31, 201 6 Outstanding Balance Total Commitment Outstanding Balance Total Commitment CB&T Line of Credit $ 1,555,000 $ 27,259,000 $ 4,976,000 $ 22,625,000
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]	Loans: December 31 , 201 7 Commercial $ 40,829,143 Residential 1,653,107 Total $ 42,482,250

Note 8 - Notes and Loans Paya31

Note 8 - Notes and Loans Payable on Real Estate (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Debt [Table Text Block]	December 31, 2017 Interest Rate December 31, 2016 Interest Rate Payment Terms/ Frequency Maturity Date Tahoe Stateline Venture, LLC Loan Payable $ 13,242,514 4.22 % $ 13,634,889 3.47 % Amortizing Monthly January 2021 Zalanta Construction Loan Payable 17,176,288 6.00 % 20,213,560 5.25 % Interest Monthly Principal Quarterly August 2018 Principal amount $ 30,418,802 $ 33,848,449 Less unamortized deferred financing costs (226,369 ) (462,515 ) Notes and loans payable, net $ 30,192,433 $ 33,385,934
Schedule of Maturities of Long-term Debt [Table Text Block]	Years ending December 31: 201 8 $ 17,546,247 201 9 387,135 20 20 403,792 20 21 12,081,628 202 2 — Thereafter — $ 30,418,802

Note 9 - Stockholders' Equity (

Note 9 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Dividends Declared [Table Text Block]	Dividend s Classified as Capital Gain Distribution Dividend s Classified as Return of Capital Year Total Dividends (4) Dividend s Paid Percent Dividend s Paid Qualified Dividend 5 ) Percent Dividend Paid Percent Dividend s Paid Common Stock: 2017 (1) $ 3,789,108 $ 0.380 87.67 % $ 0.333 — 12.33 % $ 0.047 — % $ 0.000 2016 (2) $ 3,279,193 $ 0.320 15.05 % $ 0.048 — 84.95 % $ 0.272 — % $ 0.000 2015 (3) $ 4,347,331 $ 0.410 100.00 % $ 0.410 — — % $ — — % $ 0.000

Note 11 - Income Taxes (Tables)

Note 11 - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Year Ended December 31, 201 7 Federal State and Local Total Change in valuation allowance $ 2,602,441 $ 418,020 $ 3,020,461 Reduction in Federal corporate tax rate 1,358,272 — 1,358,272 Other (293,814 ) (43,264 ) (337,078 ) Income tax expense (benefit) $ 3,666,899 $ 374,756 $ 4,041,655 Year Ended December 31, 2016 Federal State and Local Total Deferred expense (benefit) $ (6,655,774 ) $ (1,387,947 ) $ (8,043,721 ) Change in valuation allowance 794,744 — 794,744 Income tax expense (benefit) $ (5,861,030 ) $ (1,387,947 ) $ (7,248,977 )
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Year Ended December 31 , 201 7 Year Ended December 31 , 2016 Tax (benefit) expense at Federal statutory rate $ (149,766 ) $ (423,847 ) State income tax expense (benefit), net of Federal effect 250,193 (916,045 ) Real estate basis differences at TRS conversion — (6,753,272 ) Other (19,485 ) 49,443 Change in Federal valuation allowance 2,602,441 794,744 Reduction in Federal corporate tax rate 1,358,272 — Income tax expense (benefit) $ 4,041,655 $ (7,248,977 )
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax assets (liabilities): December 31 , 201 7 December 31 , 2016 Real estate basis differences $ 4,255,681 6,154,411 Net operating losses 1,380,138 1,889,310 Total deferred tax assets 5,635,819 8,043,721 Valuation allowance (2,428,497 ) (794,744 ) Net deferred tax assets $ 3,207,322 7,248,977

Note 13 - Rental Income (Tables

Note 13 - Rental Income (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Year ending December 31: 201 8 $ 2,130,167 201 9 1,606,224 20 20 806,807 20 21 760,279 202 2 544,115 Thereafter (through 2027) 1,096,713 Total $ 6,944,305

Note 14 - Fair Value (Tables)

Note 14 - Fair Value (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Using Carrying Value Quoted Prices In Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs 201 7 Nonrecurring: Impaired loans: Residential $ 1,115,999 $ — $ — $ 1,115,999 Total $ 1,115,999 $ — $ — $ 1,115,999 Real estate properties: Commercial $ 7,460,800 $ — $ — $ 7,460,800 Land 1,914,870 1,914,870 Total $ 9,375,670 $ — $ — $ 9,375,670 201 6 Nonrecurring Impaired loans: Residential $ 4,413,000 $ — $ — $ 4,413,000 Total $ 4,413,000 $ — $ — $ 4,413,000 Real estate properties: Land $ 139,498 $ — $ — $ 139,498 Commercial 732,539 732,539 Total $ 872,037 $ — $ — $ 872,037
Fair Value Inputs, Assets, Quantitative Information [Table Text Block]	Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Residential $ 1,115,999 Comparable Sales Comparable Sales Adjustment (4.6)% to 4.2% N/A Real Estate Properties: Commercial $ 7,460,800 Appraisal Comparable Sales Adjustment (23.7)% to (11.6)% (13.5 )% Land 1,914,870 Appraisal Comparable Sales Adjustment (50.8)% to 21.9% N/A Estimate of Future Improvements 32.5% N/A Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Impaired Loans: Residential $ 4,413,000 Comparable Sales Comparable Sales Adjustment (4.6)% to 4.2% N/A Real Estate Properties: Land $ 139,498 Appraisal Comparable Sales Adjustment (33.7)% N/A Commercial 732,539 Appraisal Comparable Sales Adjustment (5.0)% to 5.0% N/A Capitalization Rate 7.3% N/A
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at December 31 , 201 7 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 2,171,000 $ 2,171,000 $ — $ — $ 2,171,000 Restricted cash 3,500,000 3,500,000 — — 3,500,000 Loans , net 144,344,000 — — 144,255,000 144,255,000 Investment in limited liability company 2,141,000 — — 4,819,000 4,819,000 Accrued i nterest and advances receivable 1,459,000 — — 1,459,000 1,459,000 Financial liabilities Accrued interest payable $ 115,000 — 77,000 38,000 $ 115,000 Lines of credit payable 1,555,000 — 1,555,000 — 1,555,000 Note s payable 30,419,000 — 17,176,000 13,233,000 30,409,000 Fair Value Measurements at December 31 , 201 6 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash and cash equivalents $ 434,000 $ 434,000 $ — $ — $ 434,000 Restricted cash 6,500,000 6,500,000 — — 6,500,000 Loans , net 126,975,000 — — 126,652,000 126,652,000 Investment in limited liability company 2,140,000 — — 2,650,000 2,650,000 Accrued interest and advances receivable 1,328,000 — — 1,328,000 1,328,000 Financial liabilities Accrued interest payable $ 137,000 — 97,000 40,000 $ 137,000 Lines of credit payable 4,976,000 — 4,976,000 — 4,976,000 Note s payable 33,386,000 — 20,213,000 13,499,000 33,712,000

Note 17 - Summary Quarterly C36

Note 17 - Summary Quarterly Consolidated Financial Information (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Quarterly Financial Information [Table Text Block]	Three Months Ended December 31, 2017 September 30, 2017 June 30, 2017 March 31, 2017 Total revenues $ 3,850,940 $ 4,277,493 $ 3,867,290 3,537,405 Total expenses 3,964,664 3,427,969 4,164,895 3,355,582 Operating (loss) income (113,724 ) 849,524 (297,605 ) 181,823 Gain (loss) on sale of real estate, net 268,891 582,496 13,877,715 (181 ) Settlement expense (2,627,436 ) — — — Net (loss) income before income taxes (2,472,269 ) 1,432,020 13,580,110 181,642 Income tax (expense) benefit (1,951,828 ) (1,275,700 ) (824,163 ) 10,036 Net (loss) income attributable to common stockholders $ (4,424,097 ) $ 156,320 $ 12,755,947 $ 191,678 (Loss) e arnings per common share (basic and diluted) $ (0.44 ) $ 0.02 $ 1.24 $ 0.02 Weighted average number of common shares outstanding (basic and diluted) 9,984,352 10,173,448 10,247,477 10,247,477 Dividends declared per share of Common Stock $ 0.10 $ 0.10 $ 0.10 $ 0.08 Three Months Ended December 31, 2016 September 30, 2016 June 30, 2016 March 31, 2016 Total revenues $ 3,667,283 $ 4,493,977 $ 4,692,114 4,225,617 Total expenses 3,942,004 5,587,213 6,999,063 4,316,678 Operating loss (274,721 ) (1,093,236 ) (2,306,949 ) (91,061 ) (Loss) gain on sale of real estate, net (536,419 ) 20,195,367 — 4,838,815 Net (loss) income before income taxes (811,140 ) 19,102,131 (2,306,949 ) 4,747,754 Income tax (expense) benefit (380,706 ) 260,848 7,368,835 — Net (loss) income (1,191,846 ) 19,362,979 5,061,886 4,747,754 Less: Net loss (income) attributable to non-controlling interests 15,960 (3,630,318 ) 56,847 (13,492 ) Net (loss) income attributable to common stockholders $ (1,175,886 ) $ 15,732,661 $ 5,118,733 $ 4,734,262 (Loss) earnings per common share (basic and diluted) $ (0.11 ) $ 1.54 $ 0.50 $ 0.46 Weighted average number of common shares outstanding (basic and diluted) 10,247,477 10,247,477 10,247,477 10,247,477 Dividends declared per share of Common Stock $ 0.08 $ 0.08 $ 0.08 $ 0.08 Three Months Ended December 31, 2015 September 30, 2015 June 30, 2015 March 31, 2015 Total revenues $ 4,432,455 $ 4,414,217 $ 5,987,048 6,409,831 Total expenses 2,817,184 3,998,225 4,463,246 5,453,674 Operating income 1,615,271 415,992 1,523,802 956,157 Gain on sale of real estate, net 6,787,254 — 14,825,858 205,441 Gain on foreclosure of loans — — — — Net income before income tax expense 8,402,525 415,992 16,349,660 1,161,598 Income tax expense 93,335 — — — Net income 8,309,190 415,992 16,349,660 1,161,598 Less: Net income attributable to non-controlling interests (36,891 ) (31,671 ) (2,588,884 ) (9,878 ) Net income attributable to common stockholders $ 8,272,299 $ 384,321 $ 13,760,776 $ 1,151,720 Earnings per common share (basic and diluted) $ 0.80 $ 0.04 $ 1.28 $ 0.11 Weighted average number of common shares outstanding (basic and diluted) 10,310,149 10,538,735 10,768,001 10,768,001 Dividends declared per share of Common Stock $ 0.08 $ 0.08 $ 0.18 $ 0.07

Financial Statement Schedule 37

Financial Statement Schedule III - Real Estate and Accumulated Depreciation (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Description Encumbrances Initial Cost Capitalized Costs Sales Impairment Write-downs Accumulated Depreciation Carrying Value Date Acquired Depreciable Lives Retail Complex (TSV), South Lake Tahoe, California $ 13,242,514 Note Payable 6,409,617 12,292,082 $ (41,667 ) — $ (2,036,794 ) $ 16,623,238 Various 5 - 39 Retail Complex and 23 Residential Condominium Units (ZRV),South Lake Tahoe, California $ 17,176,288 Construction Loan Payable 5,016,443 36,825,438 (9,581,278 ) — — Note 4 32,260,603 Various N/A Residential Land (ZRV II), South Lake Tahoe, California None 2,032,963 4,528,060 — — — Note 4 6,561,023 Various N/A Assisted Living Facility, Bensalem, Pennsylvania None 4,454,867 1,265,436 — (467,178 ) — Note 5 5,253,125 12/12/2014 N/A Office Con dominium Complex (13 units), Roseville, California None 8,569,286 321,923 (1,632,971 ) (3,712,707 ) (680,529 ) Note 6 2,865,002 9/26/2008 2 - 39 7 3 Residential Lots, Auburn, California None 13,746,625 376,746 (96,678 ) (9,904,826 ) — Note 7 4,121,867 9/27/2007 N/A 12 Condominium & 3 Commercial Units, Tacoma, Washington None 2,486,400 84,909 — — (307,961 ) 2,263,348 7/8/2011 27.5 - 39 Marina & Boat Club with 179 Boat Slips, Isleton, California None 1,809,663 713,318 — (315,306 ) — Note 8 2,207,675 1/29/2013 N/A Undeveloped, Industrial Land, San Jose, California None 3,025,992 102,046 — (1,213,168 ) — Note 9 1,914,870 12/27/2002 N/A Golf Course, Auburn, California None 1,796,254 203,195 — — Note 10 1,999,449 6/20/2009 N/A Unimproved residential and commercial land, Bethel Island , California None 2,336,640 3,460 (1,867 ) — — 2,338,233 3/11/2014 N/A Miscellaneous Real Estate None (291,469 ) 2,057,692 Various Various TOTALS $ (3,316,753 ) $ 80,466,125
Changes in Accumulated Depreciation [Member]
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Balance at beginning of period (1/1/15) $ 6,075,287 Additions during period: Depreciation expense 1,971,345 Subtotal 8,046,632 Deductions during period: Accumulated depreciation on real estate moved to held for sale 5,131,036 Balance at end of period (12/31/15) $ 2,915,596 Balance at beginning of period (1/1/16) $ 2,915,596 Additions during period: Depreciation expense 1,185,624 Subtotal 4,101,220 Deductions during period: Accumulated depreciation on real estate moved to held for sale 949,793 Balance at end of period (12/31/16) $ 3,151,427 Balance at beginning of period (1/1/1 7) 3,151,427 Additions during period: Depreciation expense 1,080,003 Subtotal 4,231,430 Deductions during period: Accumulated depreciation on real estate moved to held for sale 914,677 Balance at end of period (12/31/1 7) $ 3,316,753
Changes in Real Estate Held-for-Sale and Investment [Member]
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Balance at beginning of period (1/1/1 5) $ 163,016,805 Additions during period: Acquisitions through foreclosure — Investments in real estate properties 25,274,125 Amortization of deferred financing costs capitalized to construction project 207,347 Subtotal 188,498,277 Deductions during period: Cost of real estate properties sold 31,099,086 Impairment losses on real estate properties 1,589,434 Depreciation of properties held for investment 1,971,345 Balance at end of period (12/31/1 5) $ 153,838,412 Balance at beginning of period (1/1/1 6) $ 153,838,412 Additions during period: Acquisitions through foreclosure 700,800 Investments in real estate properties 29,061,735 Amortization of deferred financing costs capitalized to construction project 119,471 Subtotal 183,720,418 Deductions during period: Cost of real estate properties sold 66,183,589 Impairment losses on real estate properties 3,227,807 Depreciation of properties held for investment 1,185,624 Balance at end of period (12/31/16) $ 113,123,398 Balance at beginning of period (1/1/1 7) 113,123,398 Additions during period: Acquisitions through foreclosure — Investments in real estate properties 11,274,904 Amortization of deferred financing costs capitalized to construction project 76,260 Subtotal 124,474,562 Deductions during period: Cost of real estate properties sold 41,505,148 Impairment losses on real estate properties 1,423,286 Depreciation of properties held for investment 1,080,003 Balance at end of period (12/31/1 7) $ 80,466,125

Financial Statement Schedule 38

Financial Statement Schedule IV - Mortgage Loans on Real Estate (Tables)	12 Months Ended
	Dec. 31, 2017
Notes Tables
Schedule of Participating Mortgage Loans [Table Text Block]	Description Interest Rate Final Maturity date Carrying Amount of Mortgages Principal Amount of Loans Subject to Delinquent Principal Principal Amount of Loans Subject to Delinquent Payments TYPE OF PROPERTY Commercial 6.99 - 10.00% Current to November 2020 $ 127,873,281 $ 4,585,000 $ 1,212,851 Residential 7.75 - 11.00% Current to March 2028 13,170,795 10,107,398 7,321,359 Land 4.00 - 9.82% October 2018 to October 2020 5,127,574 — — TOTAL $ 146,171,650 $ 14,692,398 $ 8,534,210 AMOUNT OF LOAN $0 - 500,000 6.00 - 10.00% Current to March 2028 $ 2,631,611 $ 1,039,157 $ 771,057 $500,001 - 1,000,000 7.75 - 11.00% Current to January 2020 3,736,554 2,146,369 1,577,452 $1,000,001 - 5,000,000 4.00 - 10.00% Current to November 2020 75,562,318 11,506,872 6,185,701 Over $ 5,000,000 6.99 - 8.00% January 2018 to November 2019 64,241,167 — — TOTAL $ 146,171,650 $ 14,692,398 $ 8,534,210 POSITION OF LOAN First 4.00 - 11.00% Current to March 2028 $ 142,782,492 $ 13,803,241 $ 8,045,052 Second 8.00 - 9.82% Current to October 2018 3,389,158 889,157 489,158 TOTAL $ 146,171,650 $ 14,692,398 $ 8,534,210
Loans Which Exceed Three Percent of the Total Loans [Member]
Notes Tables
Schedule of Participating Mortgage Loans [Table Text Block]	Description Interest Rate Final Maturity Date Periodic Payment Terms Prior Liens Face Amount of Mortgages Carrying Amount of Mortgages Principal Amount of Loans Subject to Delinquent Principal or Interest Apartment Building Oxnard, California 7.25 % 4/1/18 Interest only, balance due at maturity 0 14,900,000 13,272,146 0 Hotel Novi, Michigan 7.75 % 12/31/18 Interest only, balance due at maturity 0 8,835,000 8,467,892 0 Shopping Center Ontario, California 6.99 % 1/1/18 Interest only, balance due at maturity 0 10,000,000 8,400,000 0 Office Building Pleasanton, California 7.50 % 11/1/19 Interest only, balance due at maturity 0 8,250,000 8,000,000 0 Office Building Pleasanton, California 7.50 % 11/1/19 Interest only, balance due at maturity 0 8,250,000 6,757,044 0 Retail Building Antioch, California 8.00 % 10/15/18 Interest only, balance due at maturity 0 7,000,000 6,741,605 0 Storage Facility Benbrook, Texas 7.75 % 5/15/18 Interest only, balance due at maturity 0 6,625,000 6,625,000 0 Retail Building Folsom, California 7.75 % 1/15/19 Interest only, balance due at maturity 0 8,006,000 5,977,480 0 Office Building Chula Vista, California 8.00 % 11/1/18 Interest only, Balance due at maturity 0 5,600,000 4,760,059 0 TOTALS $ 0 $ 77,466,000 $ 69,001,226 $ 0
Changes in Mortgage Loans on Real Estate [Member]
Notes Tables
Schedule of Participating Mortgage Loans [Table Text Block]	Balanc e at beginning of period (1/1/15) $ 68,033,511 Additions during period: New loans 73,389,645 Advances moved to principal of loans 536,816 Subtotal 141,959,972 Deductions during period: Collection of principal 35,216,165 Foreclosures — Ba lance at end of period (12/31/15) $ 106,743,807 Balance at beginning of period (1/1/ 16) $ 106,743,807 Additions during period: New loans , including from sale of real estate property 79,867,140 Discount accretion — Subtotal 186,610,947 Deductions during period: Collection of principal 55,849,884 Foreclosures 1,078,752 Balance at end of period (12/31/ 16) $ 129,682,311 Balance at beginning of period (1/1/ 17) $ 129,682,311 Additions during period: New loans , including from sale of real estate property 86,274,680 Subtotal 215,956,991 Deductions during period: Collection of principal 69,785,341 Foreclosures — Balance at end of period (12/31/ 17) $ 146,171,650

Note 1 - Organization (Details

Note 1 - Organization (Details Textual) - $ / shares	Dec. 31, 2017	Dec. 31, 2016	Jan. 23, 2013	Aug. 09, 2012	Dec. 31, 2011
Common Stock, Shares Authorized	50,000,000	50,000,000		50,000,000
Common Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01		$ 0.01
Preferred Stock, Shares Authorized	5,000,000	5,000,000	5,000,000
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01	$ 0.01
Common Stock, Shares, Issued	11,198,119	11,198,119			11,198,119
Potential Percentage Penalty Tax	100.00%
REIT Minimum Percent Distribution of Taxable Income	90.00%

Note 2 - Summary of Significa40

Note 2 - Summary of Significant Accounting Policies (Details Textual) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2017USD ($)shares	Dec. 31, 2016USD ($)
Number of Operating Segments	1
Lessor, Operating Lease, Term of Contract	1 year
Weighted Average Number Diluted Shares Outstanding Adjustment	0
Unrecognized Tax Benefits | $	$ 0	$ 0
Restricted Stock [Member]
Weighted Average Number Diluted Shares Outstanding Adjustment	0
Minimum [Member]
Lessor, Operating Lease, Term of Contract	1 year
Maximum [Member]
Lessor, Operating Lease, Term of Contract	10 years
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment, Useful Life	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment, Useful Life	39 years
1850 [Member]
Equity Method Investment, Ownership Percentage	50.00%

Note 3 - Loans and Allowance 41

Note 3 - Loans and Allowance for Loan Losses (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015
Financing Receivable, Recorded Investment, Current	$ 137,637,440	$ 121,735,198
Financing Receivable, Recorded Investment, Past Due	8,534,210	7,947,113
Allowance for Loan and Lease Losses, Real Estate	1,827,806	$ 2,706,822
Financing Receivable, Modifications, Number of Contracts		0	0
Impaired Financing Receivable, Unpaid Principal Balance	$ 8,534,210	$ 4,883,866
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0	0
Extended Maturity [Member]
Allowance for Loan and Lease Losses, Real Estate	$ 187,000	$ 733,000
Financing Receivable, Modifications, Recorded Investment	$ 2,739,000	5,374,000
Financing Receivable, Modifications, Number of Contracts	1
Impaired Financing Receivable, Unpaid Principal Balance	$ 1,145,000
Loans and Leases Receivable, Impaired, Commitment to Lend	165,000
Loans and Leases Receivable, Impaired, Advanced Amount	68,000
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due	2,644,926	4,883,863
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due	1,212,851	3,063,247
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Current	126,660,430	102,442,111
Financing Receivable, Recorded Investment, Past Due	$ 1,212,851
Financing Receivable, Modifications, Number of Contracts	1
Impaired Financing Receivable, Unpaid Principal Balance	$ 1,212,851
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due	1,212,851
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Current	5,849,436	12,134,564
Financing Receivable, Recorded Investment, Past Due	7,321,359	6,867,113
Impaired Financing Receivable, Unpaid Principal Balance	7,321,359	4,883,866
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due	2,644,926	4,883,866
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due		1,983,247
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member]
Financing Receivable, Recorded Investment, Current	7,585,000	8,686,000
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member] | Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Current	4,585,000	3,675,000
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Current	3,000,000	2,500,000
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Current	1,585,000
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member] | Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Current		1,175,000
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member] | Residential Portfolio Segment [Member] | Financing Receivables, 1 to 29 Days Past Due [Member]
Financing Receivable, Recorded Investment, Current	3,000,000
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member] | Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Current		$ 5,011,000
Past Maturity Loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due	$ 7,107,000

Note 3 - Loans and Allowance 42

Note 3 - Loans and Allowance for Loan Losses - Allocation of the Allowance for Loan Losses (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Allowance for loan losses:
Beginning balance	$ 2,706,822	$ 1,842,446	$ 2,869,355
Allowance for Loan and Lease Losses, Write-offs	(546,004)	(447,520)
Recoveries	27,000	27,000
Provision (Reversal)	(360,012)	1,284,896	(1,026,909)
Ending balance: individually evaluated for impairment - allowance for loan losses	186,708	732,712
Ending balance: collectively evaluated for impairment - allowance for loan losses	1,641,098	1,974,110
Ending balance	1,827,806	2,706,822	1,842,446
Ending balance - loans	146,171,650	129,682,311
Ending balance: individually evaluated for impairment - loans	8,534,210	4,883,866
Ending balance: collectively evaluated for impairment - loans	137,637,440	124,798,445
Recoveries	27,000	27,000
Commercial Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance	864,971	1,140,530	888,260
Allowance for Loan and Lease Losses, Write-offs		(447,520)
Recoveries	27,000	27,000
Provision (Reversal)	177,487	144,961	252,270
Ending balance: individually evaluated for impairment - allowance for loan losses
Ending balance: collectively evaluated for impairment - allowance for loan losses	1,069,458	864,971
Ending balance	1,069,458	864,971	1,140,530
Ending balance - loans	127,873,281	102,442,111
Ending balance: individually evaluated for impairment - loans	1,212,851
Ending balance: collectively evaluated for impairment - loans	126,660,430	102,442,111
Recoveries	27,000	27,000
Residential Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance	1,331,318	455,587	1,975,112
Allowance for Loan and Lease Losses, Write-offs	(546,004)
Recoveries
Provision (Reversal)	(333,777)	875,731	(1,519,525)
Ending balance: individually evaluated for impairment - allowance for loan losses	186,708	732,712
Ending balance: collectively evaluated for impairment - allowance for loan losses	264,829	598,606
Ending balance	451,537	1,331,318	455,587
Ending balance - loans	13,170,795	19,001,677
Ending balance: individually evaluated for impairment - loans	7,321,359	4,883,866
Ending balance: collectively evaluated for impairment - loans	5,849,436	14,117,811
Recoveries
Land Portfolio Segment [Member]
Allowance for loan losses:
Beginning balance	510,533	246,329	5,983
Allowance for Loan and Lease Losses, Write-offs
Recoveries
Provision (Reversal)	(203,722)	264,204	240,346
Ending balance: individually evaluated for impairment - allowance for loan losses
Ending balance: collectively evaluated for impairment - allowance for loan losses	306,811	510,533
Ending balance	306,811	510,533	$ 246,329
Ending balance - loans	5,127,574	8,238,523
Ending balance: individually evaluated for impairment - loans
Ending balance: collectively evaluated for impairment - loans	5,127,574	8,238,523
Recoveries

Note 3 - Loans and Allowance 43

Note 3 - Loans and Allowance for Loan Losses - Aging Analysis of the Loan Portfolio by the Time Past Due (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Past due loans	$ 8,534,210	$ 7,947,113
Current loans	137,637,440	121,735,198
Total Loans	146,171,650	129,682,311
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans	1,212,851	3,063,247
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans	4,676,433
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans	2,644,926	4,883,863
Commercial Portfolio Segment [Member]
Past due loans	1,212,851
Current loans	126,660,430	102,442,111
Total Loans	127,873,281	102,442,111
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans	1,212,851
Commercial Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans
Residential Portfolio Segment [Member]
Past due loans	7,321,359	6,867,113
Current loans	5,849,436	12,134,564
Total Loans	13,170,795	19,001,677
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans		1,983,247
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans	4,676,433
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans	2,644,926	4,883,866
Land Portfolio Segment [Member]
Past due loans		1,080,000
Current loans	5,127,574	7,158,523
Total Loans	5,127,574	8,238,523
Land Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans		1,080,000
Land Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans
Land Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans

Note 3 - Loans and Allowance 44

Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Recorded investment, with no related allowance	$ 7,832,715	$ 228,349
Unpaid principal balance, with no related allowance	7,718,320	228,349
Average recorded investment, with no related allowance	855,586	1,920,919	$ 10,827,971
Interest income recognized, with no related allowance	69,559	58,785	1,049,330
Recorded investment, with related allowance	1,302,707	5,145,712
Unpaid principal balance, with related allowance	815,890	4,655,517
Related allowance	186,708	732,712
Average recorded investment, with related allowance	3,188,101	7,074,825	1,119,594
Interest income recognized, with related allowance			49,442
Recorded investment	9,135,422	5,374,061
Unpaid principal balance	8,534,210	4,883,866
Average recorded investment	4,043,688	8,995,744	11,947,565
Interest income recognized	69,559	58,785	1,098,772
Commercial Portfolio Segment [Member]
Recorded investment, with no related allowance	1,222,499
Unpaid principal balance, with no related allowance	1,212,851
Average recorded investment, with no related allowance	101,875	1,684,877	2,300,846
Interest income recognized, with no related allowance	19,189	38,187	639,935
Recorded investment, with related allowance
Unpaid principal balance, with related allowance
Related allowance
Average recorded investment, with related allowance		865,285	1,119,594
Interest income recognized, with related allowance			49,442
Recorded investment	1,222,499
Unpaid principal balance	1,212,851
Average recorded investment	101,875	2,550,162	3,420,440
Interest income recognized	19,189	38,187	689,377
Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	6,610,216	228,349
Unpaid principal balance, with no related allowance	6,505,469	228,349
Average recorded investment, with no related allowance	753,711	236,042	8,217,114
Interest income recognized, with no related allowance	50,369	20,598	192,491
Recorded investment, with related allowance	1,302,707	5,145,712
Unpaid principal balance, with related allowance	815,890	4,655,517
Related allowance	186,708	732,712
Average recorded investment, with related allowance	3,188,101	6,209,540
Interest income recognized, with related allowance
Recorded investment	7,912,923	5,374,061
Unpaid principal balance	7,321,359	4,883,866
Average recorded investment	3,941,813	6,445,582	8,217,114
Interest income recognized	50,369	20,598	192,491
Land Portfolio Segment [Member]
Recorded investment, with no related allowance
Unpaid principal balance, with no related allowance
Average recorded investment, with no related allowance			310,011
Interest income recognized, with no related allowance			216,904
Recorded investment, with related allowance
Unpaid principal balance, with related allowance
Related allowance
Average recorded investment, with related allowance
Interest income recognized, with related allowance
Recorded investment
Unpaid principal balance
Average recorded investment			310,011
Interest income recognized			$ 216,904

Note 3 - Loans and Allowance 45

Note 3 - Loans and Allowance for Loan Losses - Troubled Debt Restructurings (Details)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016	Dec. 31, 2015
Number of contracts		0	0
Commercial Portfolio Segment [Member]
Number of contracts	1
Pre-modification outstanding investment	$ 1,173,625
Post-modification outstanding investment	$ 1,212,851

Note 4 - Investment in Limite46

Note 4 - Investment in Limited Liability Company (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Jul. 31, 2008
Proceeds from Equity Method Investment, Distribution	$ 185,000	$ 180,000	$ 177,000
Income (Loss) from Equity Method Investments	185,063	179,450	175,451
1850 [Member]
Number of Real Estate Properties				2
Number of Companies				2
Proceeds from Equity Method Investment, Distribution	185,000	180,000	177,000
Income (Loss) from Equity Method Investments	$ 185,000	$ 179,000	$ 175,000

Note 5 - Real Estate Held for47

Note 5 - Real Estate Held for Sale (Details Textual)	3 Months Ended												12 Months Ended
	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale													7	4	7
Real Estate Properties, Transfer to Held for Investment from Held for Sale													$ 13,423,000	$ 10,052,000	$ 64,628,000
Real Estate Properties, Transfer to Held for Sale from Held for Investment															1,954,000
Impairment of Real Estate													$ 1,423,286	3,227,807	1,589,434
Impairment loss, Number of Real Estate Properties													4
Gain (Loss) on Transfers Between Held for Sale and Held for Investment													$ 0	$ 0	$ 0
Number of Real Estate Properties Sold													8	7	8
Gain (Loss) on Sale of Properties	$ 268,891	$ 582,496	$ 13,877,715	$ (181)	$ (536,419)	$ 20,195,367		$ 4,838,815	$ 6,787,254		$ 14,825,858	$ 205,441	$ 14,728,921	$ 24,497,763	$ 21,818,553
Deferred Gain on Sale of Property	302,895				$ 209,662								302,895	209,662
Mortgage Loans on Real Estate, Foreclosures													$ 0	0	$ 0
Provision for Loan and Lease Losses														$ 47,000
Land Property [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale													4	1	1
Impairment loss, Number of Real Estate Properties													1
Number of Real Estate Properties Sold													4	2	1
Marinas [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale													2		1
Impairment loss, Number of Real Estate Properties													2
Number of Real Estate Properties Sold													1		1
Assisted Care Facility [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale		1											1
Impairment loss, Number of Real Estate Properties													1
Land and Land Improvements [Member]
Real Estate Properties, Transfer to Held for Sale from Held for Investment													$ 1,915,000
Office Building [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale														1
Number of Real Estate Properties Sold														2
Golf Course [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale														1
Number of Real Estate Properties Transferred from Held for Sale to Held for Investment															1
Condominium Property [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale														1
Industrial Property [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale															2
Number of Real Estate Properties Sold														1	1
Residential [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale															2
Number of Real Estate Properties Sold														2	1
Storage [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale															1
Number of Real Estate Properties Sold															1
Marina Property Located in Bethel Island, California [Member]
Impairment of Real Estate													495,000
Marina Property Located in Isleton, California [Member]
Impairment of Real Estate													315,000
Undeveloped Land Located in San Jose, California [Member]
Impairment of Real Estate													146,000
Assisted Care Property Located in Bensalem, Pennsylvania [Member]
Impairment of Real Estate													$ 467,000
Unimproved Residential and Commercial Land Located in Gypsum Colorado [Member]
Impairment of Real Estate														$ 2,110,000	$ 1,589,000
Medical Office Condominium Complex, Gilbert, Arizona [Member]
Impairment of Real Estate														1,094,000
Office Property in Oakdale, California [Member]
Impairment of Real Estate														$ 24,000
Mortgage Loans on Real Estate, Number of Loans														1
Mortgage Loans on Real Estate, Foreclosures														$ 1,079,000
Interest and Other Receivables, Foreclosures														70,000
Gain (Loss) on Foreclosure of Loan														495,000
Allowance for Loan and Lease Losses Write-offs, Net														448,000
Partial Residential [Member]
Number of Real Estate Properties Sold													1
Partial Office [Member]
Number of Real Estate Properties Sold													2
Real Estate Properties Sold during the Period [Member]
Proceeds from Sale of Other Real Estate													$ 55,879,000	89,402,000	48,602,000
Mortgage Loan Related to Property Sales													450,000	1,595,000	4,650,000
Gain (Loss) on Sale of Properties													14,729,000	24,498,000	21,666,000
Deferred Gain on Sale of Property	$ 93,000												$ 93,000
Gain (Loss) on Sale of Properties, Attributable to Parent														20,782,000	19,187,000
Gain (Loss) on Sale of Properties, Attributable to Noncontrolling Interest														$ 3,716,000	$ 2,479,000
Retail Site [Member]
Number of Real Estate Properties Sold															3
Deferred Gain on Property [Member]
Gain (Loss) on Sale of Properties															$ 153,000
Foreclosed [Member]
Mortgage Loans on Real Estate, Number of Loans													0		0

Note 5 - Real Estate Held for48

Note 5 - Real Estate Held for Sale - Properties Acquired Through Foreclosure (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Real estate held for sale	$ 56,110,472	$ 75,843,635
Residential [Member]
Real estate held for sale	24,627,710
Improved and Unimproved Land [Member]
Real estate held for sale	14,389,620	73,140,659
Retail Site [Member]
Real estate held for sale	7,632,893
Golf Course [Member]
Real estate held for sale	1,999,449	1,970,437
Marinas [Member]
Real estate held for sale	2,207,675
Assisted Care Facility [Member]
Real estate held for sale	5,253,125
Office Building [Member]
Real estate held for sale		$ 732,539

Note 6 - Real Estate Held for49

Note 6 - Real Estate Held for Investment (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Depreciation	$ 1,080,000	$ 1,186,000	$ 1,971,000
Mortgage Loans on Real Estate, Foreclosures	$ 0	$ 0	$ 0

Note 6 - Real Estate Held for50

Note 6 - Real Estate Held for Investment - Real Estate Held for Investment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Real estate held for investment	$ 24,355,653	$ 37,279,763
Land and land improvements	5,112,063	11,520,339
Buildings and improvements	22,560,343	28,910,851
Real estate held for investment, at cost	27,672,406	40,431,190
Less: Accumulated depreciation and amortization	(3,316,753)	(3,151,427)
Real estate held for investment, Net	24,355,653	37,279,763
Retail Site [Member]
Real estate held for investment	16,623,238	16,829,995
Real estate held for investment, Net	16,623,238	16,829,995
Improved and Unimproved Land [Member]
Real estate held for investment	2,018,068	4,234,806
Real estate held for investment, Net	2,018,068	4,234,806
Residential [Member]
Real estate held for investment	2,356,995	2,405,439
Real estate held for investment, Net	2,356,995	2,405,439
Assisted Care Facility [Member]
Real estate held for investment		5,820,709
Real estate held for investment, Net		5,820,709
Office Building [Member]
Real estate held for investment	3,357,352	3,962,869
Real estate held for investment, Net	3,357,352	3,962,869
Marinas [Member]
Real estate held for investment		4,025,945
Real estate held for investment, Net		$ 4,025,945

Note 7 - Line of Credit Payab51

Note 7 - Line of Credit Payable (Details Textual) - USD ($)	1 Months Ended			12 Months Ended
	Mar. 31, 2016	Apr. 30, 2014	Feb. 28, 2014	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Restricted Cash and Cash Equivalents				$ 3,500,000	$ 6,500,000
Interest Expense				1,587,695	2,859,294	$ 1,938,113
Debt Issuance Costs, Net				226,369	462,515
Non-interest Bearing Deposit Required Under CB&T Credit Facility [Member]
Restricted Cash and Cash Equivalents				3,500,000
Contingency Reserves [Member]
Restricted Cash and Cash Equivalents				3,464,000	3,738,000
CB & T Credit Facility [Member]
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				312,000	881,000	431,000
Amortization of Debt Issuance Costs				$ 158,000	131,000	126,000
CB & T Credit Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate				4.75%
Revolving Credit Facility [Member] | Opus Credit Facility [Member]
Debt Issuance Costs, Line of Credit Arrangements, Gross		$ 231,000
Interest Expense					364,000	126,000
Amortization of Debt Issuance Costs					103,000	$ 77,000
Debt Issuance Costs, Net					$ 45,000
Revolving Credit Facility [Member] | Contingency Reserves [Member] | Opus Credit Facility [Member] | Minimum [Member]
Loan Processing Fee		$ 100,000

Note 7 - Line of Credit Payab52

Note 7 - Line of Credit Payable - Credit Facilities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Line of credit payable	$ 1,555,000	$ 4,976,000
CB and T [Member]
Line of credit payable	1,555,000	4,976,000
Lines of credit, commitment	$ 27,259,000	$ 22,625,000

Note 7 - Line of Credit Payab53

Note 7 - Line of Credit Payable - Loans Securing Credit Facility (Details) - CB and T [Member]	Dec. 31, 2017USD ($)
Carrying amount of loans securing CB&T Facility	$ 42,482,250
Commercial Loan [Member]
Carrying amount of loans securing CB&T Facility	40,829,143
Residential Real Estate [Member]
Carrying amount of loans securing CB&T Facility	$ 1,653,107

Note 8 - Notes and Loans Paya54

Note 8 - Notes and Loans Payable on Real Estate (Details Textual) - USD ($)	1 Months Ended	9 Months Ended	12 Months Ended
	Aug. 31, 2016	Sep. 30, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014	Sep. 30, 2015
Interest Expense			$ 1,587,695	$ 2,859,294	$ 1,938,113
Repayments of Notes Payable			13,972,820	36,380,880	20,055,762
Debt Issuance Costs, Net			$ 226,369	$ 462,515
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member]
Debt Instrument, Face Amount						$ 14,500,000
Proceeds from Issuance of Debt						$ 10,445,000
Debt Instrument, Unused Borrowing Capacity, Amount							$ 3,830,000
Debt Instrument, Interest Rate, Stated Percentage			4.22%	3.47%
Debt Instrument, Amortization Period			25 years
Debt Issuance Costs, Gross			$ 218,000
Interest Expense			502,000	$ 515,000	427,000
Amortization of Debt Issuance Costs			36,000	36,000	$ 36,000
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member] | Closing Fee [Member]
Debt Issuance Costs, Gross			$ 108,750
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member] | Outstanding Principal Balance [Member]
Debt Instrument Default Rate Increase			5.00%
TSV Credit Agreement [Member] | Tahoe Stateline Venture, LLC [Member] | Other Outstanding Obligations [Member]
Debt Instrument Default Rate Increase			10.00%
Loan Agreement [Member] | ZRV and ZRV II [Member] | Western Alliance Bank [Member]
Interest Expense			$ 774,000
Amortization of Debt Issuance Costs			124,000
Debt Agreement, Maximum Borrowing Capacity	$ 31,000,000
Debt Agreement, Maximum Borrowing Capacity, Percentage of Project Value	60.00%
Debt Agreement, Maximum Borrowing Capacity, Percentage of Total Cost of Project	65.00%
Debt Agreement, Increase in Interest Rate Upon Default	5.00%
Debt Agreement, Curtailment Requirement	$ 6,000,000
Debt Instrument, Collateral Amount	3,000,000
Repayments of Notes Payable		$ 3,000,000	13,580,000
Debt Agreement, Origination Fee Obligation	310,000
Debt Issuance Costs, Net	$ 400,000
Deferred Financing Costs, Capitalized			76,000	83,000
Interest Costs Capitalized			$ 472,000	$ 272,000
Loan Agreement [Member] | ZRV and ZRV II [Member] | Western Alliance Bank [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
Debt Instrument, Interest Rate, Effective Percentage			6.00%
Loan Agreement [Member] | ZRV and ZRV II [Member] | Western Alliance Bank [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.50%

Note 8 - Notes and Loans Paya55

Note 8 - Notes and Loans Payable on Real Estate - Notes and Loans Payable Outstanding (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Debt instrument, outstanding	$ 30,418,802	$ 33,848,449
Less unamortized deferred financing costs	(226,369)	(462,515)
Notes and loans payable, net	30,192,433	33,385,934
Tahoe Stateline Venture, LLC [Member] | TSV Credit Agreement [Member]
Debt instrument, outstanding	$ 13,242,514	$ 13,634,889
Debt Instrument, Interest Rate, Stated Percentage	4.22%	3.47%
Zalanta Resort at the Village, LLC [Member] | Loan Agreement [Member]
Debt instrument, outstanding	$ 17,176,288	$ 20,213,560
Debt Instrument, Interest Rate, Stated Percentage	6.00%	5.25%

Note 8 - Notes and Loans Paya56

Note 8 - Notes and Loans Payable on Real Estate - Notes and Loans Payable Maturities (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
2,018	$ 17,546,247
2,019	387,135
2,020	403,792
2,021	12,081,628
2,022
Total	$ 30,418,802	$ 33,848,449

Note 9 - Stockholders' Equity57

Note 9 - Stockholders' Equity (Details Textual) - USD ($)	Jan. 30, 2018	Dec. 29, 2017	Jan. 31, 2018	Jan. 31, 2017	Jan. 31, 2016	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Jun. 09, 2017	Dec. 11, 2015	May 27, 2015
Tax Payment Made on Behalf of Stockholders				$ 582,698	$ 1,313,657					$ 640,267	$ 582,698	$ 1,313,657
Dividends										3,774,670	3,279,193	4,344,417
Treasury Stock, Value, Acquired, Cost Method										18,803,061		7,502,902
Payments for Repurchase of Common Stock										16,531,578		7,502,902
Share Price		$ 16.01
Settlement Expense						$ 2,627,436				$ 2,627,436
The 2015 Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount															$ 7,500,000
Treasury Stock, Shares, Acquired												520,524
Treasury Stock, Value, Acquired, Cost Method												$ 7,503,000
Treasury Stock Acquired, Average Cost Per Share												$ 14.41
The 2016 Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount														$ 7,500,000
Treasury Stock, Shares, Acquired									0
The 2017 Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount													$ 10,000,000
Treasury Stock, Shares, Acquired										341,086
Treasury Stock, Value, Acquired, Cost Method										$ 5,820,000
Treasury Stock Acquired, Average Cost Per Share										$ 17.06
Settlement Agreement [Member] | Freestone Capital Management, LLC. [Member]
Treasury Stock, Shares, Acquired		810,937
Treasury Stock, Value, Acquired, Cost Method		$ 12,983,000
Treasury Stock Acquired, Average Cost Per Share		$ 19.25
Treasury Stock, Purchase Price Paid With 2017 Repurchase Plan		$ 4,100,000
Treasury Stock, Acquired, Premium Paid over Market Price		$ 3.24
Settlement Expense										$ 2,627,000
Forward Contract Liability, Treasury Stock						$ 2,731,000				2,731,000
Settlement Agreement [Member] | Freestone Capital Management, LLC. [Member] | December 2017 [Member]
Treasury Stock, Shares, Acquired		669,058
Settlement Agreement [Member] | Freestone Capital Management, LLC. [Member] | January 2018 [Member]
Treasury Stock, Shares, Acquired		141,879
Treasury Stock, Value, Acquired, Cost Method		$ 2,271,000
Settlement Expense		460,000
Forward Contract Liability, Treasury Stock		$ 2,731,000
Dividends Declared December 2015 and Paid in January 2016 [Member]
Dividends												$ 1,292,160
Dividends on Shares Repurchased Under Stock Repurchase Plans, in Transit [Member]
Dividends										$ 14,438		$ 2,914
Subsequent Event [Member]
Tax Payment Made on Behalf of Stockholders			$ 640,267
Subsequent Event [Member] | The 2017 Repurchase Plan [Member]
Treasury Stock, Shares, Acquired			4,000
Treasury Stock, Value, Acquired, Cost Method			$ 65,000
Treasury Stock Acquired, Average Cost Per Share			$ 16.18
Subsequent Event [Member] | Settlement Agreement [Member] | Freestone Capital Management, LLC. [Member]
Payments for Repurchase of Common Stock	$ 15,600,000

Note 9 - Stockholders' Equity -

Note 9 - Stockholders' Equity - Tax Treatment for Dividends Paid by the Company (Details) - USD ($)		12 Months Ended
		Dec. 31, 2017		Dec. 31, 2016		Dec. 31, 2015
Total Dividends Paid		$ 3,774,670		$ 3,279,193		$ 4,344,417
Dividends Paid Per Share (in dollars per share)		$ 0.38	[1]	$ 0.32	[2]	$ 0.41	[3]
Dividend Paid [Member]
Total Dividends Paid		$ 3,789,108	[1]	$ 3,279,193	[2]	$ 4,347,331	[3]
Classified as Ordinary Income [Member]
Dividends Paid Per Share (in dollars per share)	[4]	$ 0.333	[1]	$ 0.048	[2]	$ 0.41	[3]
Dividends Classified as Ordinary Income Percent		87.67%	[1]	15.05%	[2]	100.00%	[3]
Dividends Classified as Ordinary Income Qualified Dividend Income			[1]		[2]		[3]
Capital Gain Distribution [Member]
Dividends Paid Per Share (in dollars per share)		$ 0.047	[1]	$ 0.272	[2]		[3]
Dividends Classified as Ordinary Income Percent		12.33%	[1]	84.95%	[2]		[3]
Dividends Classified as Return of Capital [Member]
Dividends Paid Per Share (in dollars per share)		$ 0	[1]	$ 0	[2]	$ 0	[3]
Dividends Classified as Ordinary Income Percent			[1]		[2]		[3]
[1]	Dividends declared and paid in 2017 per above do not include $640,267 which represented capital gains tax on 2017 undistributed capital gains paid on behalf of shareholders to the U.S. Treasury in January 2018 (and recorded as dividends paid and payable in the consolidated financial statements).
[2]	Dividends declared and paid in 2016 per above do not include $582,698 which represented capital gains tax on 2016 undistributed capital gains paid on behalf of shareholders to the U.S. Treasury in January 2017 (and recorded as dividends paid and payable in the consolidated financial statements).
[3]	Dividends declared and paid in 2015 per above do not include $1,313,657 which represented capital gains tax on 2015 undistributed capital gains paid on behalf of shareholders to the U.S. Treasury in January 2016 (and recorded as dividends paid and payable in the consolidated financial statements) and exclude the $1,292,160 dividend discussed in (3) below.
[4]	Qualified dividend income is eligible for reduced dividend rates.

Note 10 - Contingency Reserves

Note 10 - Contingency Reserves (Details Textual) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Contingency Reserves as a Percent of Capital	1.50%
Restricted Cash and Cash Equivalents	$ 3,500,000	$ 6,500,000
Contingency Reserves [Member]
Restricted Cash and Cash Equivalents	$ 3,464,000	$ 3,738,000

Note 11 - Income Taxes (Details

Note 11 - Income Taxes (Details Textual)	1 Months Ended	3 Months Ended												12 Months Ended
	Jan. 31, 2018USD ($)	Dec. 31, 2017USD ($)	Sep. 30, 2017USD ($)	Jun. 30, 2017USD ($)	Mar. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Sep. 30, 2016USD ($)	Jun. 30, 2016USD ($)	Mar. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 30, 2015USD ($)	Jun. 30, 2015USD ($)	Mar. 31, 2015USD ($)	Dec. 31, 2018	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)
Undistributed Net Realized Gain (Loss) on Sale of Properties		$ 2,297,000				$ 4,451,000				$ 3,753,000					$ 2,297,000	$ 4,451,000	$ 3,753,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent															34.00%		35.00%
Gain (Loss) on Sale of Properties, Applicable Income Taxes															$ 583,000	$ 1,314,000
Number of Real Estate Properties Sold															8	7	8
Deferred Tax Assets, Net						7,249,000										$ 7,249,000
Deferred Tax Assets, Real Estate, Difference Between Book Value and Tax Basis						15,450,000										15,450,000
Gain (Loss) on Sale of Properties, before Applicable Income Taxes																	$ 267,000
Income Tax Expense (Benefit)		(1,951,828)	$ (1,275,700)	$ (824,163)	$ 10,036	(380,706)	$ 260,848	$ 7,368,835		$ 93,335					$ 4,041,655	(7,248,977)	93,335
Unrecognized Tax Benefits		0				0									0	0
Deferred Tax Assets, Valuation Allowance		2,428,497				794,744									2,428,497	794,744
Deferred Tax Assets, Operating Loss Carryforwards		1,380,138				1,889,310									1,380,138	1,889,310
Federal and State NOLs in ZRV [Member]
Deferred Tax Assets, Valuation Allowance		2,428,000				$ 795,000									$ 2,428,000	795,000
Earliest Tax Year [Member]
Open Tax Year															2,013
Latest Tax Year [Member]
Open Tax Year															2,017
Lone Star Golf, Inc., Zalanta Resort and East G, LLC [Member]
Current Income Tax Expense (Benefit)															$ 0	$ 0	$ 0
Lone Star Golf, Inc., Zalanta Resort and East G, LLC [Member] | State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Operating Loss Carryforwards		785,000													785,000
Lone Star Golf, Inc., Zalanta Resort and East G, LLC [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards		785,000													785,000
Zalanta [Member]
Number of Real Estate Properties Sold																2
Baldwin Ranch Subdivision, LLC [Member]
Number of Real Estate Properties						75										75
Zalanta Resort at the Village, LLC [Member] | State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Operating Loss Carryforwards		982,000													982,000
Zalanta Resort at the Village, LLC [Member] | State and Local Jurisdiction [Member] | Arizona Department of Revenue [Member]
Operating Loss Carryforwards		3,511,000													3,511,000
Deferred Tax Assets, Operating Loss Carryforwards		0													0
Zalanta Resort at the Village, LLC [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards		$ 6,245,000													$ 6,245,000
Subsequent Event [Member]
Gain (Loss) on Sale of Properties, Applicable Income Taxes	$ 640,000
To Maintain REIT Status for Federal Income Tax Purposes [Member]
Minimum Percentage of Taxable Income to be Distributed to Stockholders															90.00%
Threshold to not be Subject to Federal Corporate Income Tax [Member]
Minimum Percentage of Taxable Income to be Distributed to Stockholders															100.00%	100.00%	100.00%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent														21.00%

Note 11 - Income Taxes - Income

Note 11 - Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Change in valuation allowance, federal													$ 2,602,441	$ 794,744
Change in valuation allowance, state and local													418,020
Change in valuation allowance													3,020,461	794,744
Reduction in Federal corporate tax rate													1,358,272
Reduction in Federal corporate tax rate													1,358,272
Other, federal													(293,814)
Other, state and local													(43,264)
Other													(337,078)
Income tax expense (benefit), federal													3,666,899	(5,861,030)
Income tax expense (benefit), state and local													374,756	(1,387,947)
Income Tax Expense (Benefit)	$ (1,951,828)	$ (1,275,700)	$ (824,163)	$ 10,036	$ (380,706)	$ 260,848	$ 7,368,835		$ 93,335				$ 4,041,655	(7,248,977)	$ 93,335
Deferred expense (benefit), federal														(6,655,774)
Deferred expense (benefit), state and local														(1,387,947)
Deferred expense (benefit)														$ (8,043,721)

Note 11 - Income Taxes - Reconc

Note 11 - Income Taxes - Reconciliation of Income Tax (Benefit) Provision (Details) - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Tax (benefit) expense at Federal statutory rate													$ (149,766)	$ (423,847)
State income tax expense (benefit), net of Federal effect													250,193	(916,045)
Real estate basis differences at TRS conversion														(6,753,272)
Other													(19,485)	49,443
Change in Federal valuation allowance													2,602,441	794,744
Reduction in Federal corporate tax rate													1,358,272
Income tax expense (benefit)	$ (1,951,828)	$ (1,275,700)	$ (824,163)	$ 10,036	$ (380,706)	$ 260,848	$ 7,368,835		$ 93,335				$ 4,041,655	$ (7,248,977)	$ 93,335

Note 11 - Income Taxes - Deferr

Note 11 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Real estate basis differences	$ 4,255,681	$ 6,154,411
Net operating losses	1,380,138	1,889,310
Total deferred tax assets	5,635,819	8,043,721
Valuation allowance	(2,428,497)	(794,744)
Net deferred tax assets	$ 3,207,322	$ 7,248,977

Note 12 - Transactions With A64

Note 12 - Transactions With Affiliates (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Management Fee Expense	$ 3,546,085	$ 3,286,470	$ 2,051,134
Professional and Contract Services Expense	362,411	298,770	186,467
Due to Related Parties	277,671	360,627
Late Fee Income Generated by Servicing Financial Assets, Amount	83,000	83,000	30,000
Ancillary Fee Income Generated by Servicing Financial Assets, Amount	23,000	20,000	7,000
Loan Fees Earned by OFG	$ 2,492,000	$ 2,514,000	$ 1,956,000
Loan Fees as Percentage of Loans Originated, Rewritten or Extended	2.00%	2.50%	2.40%
Owens Financial Group Inc. [Member]
Due to Related Parties		$ 32,000	$ 36,000
Loans Originated or Extended	$ 122,240,000	101,594,000	80,448,000
Related Party Transaction, Amounts of Transaction	381,000	440,000	590,000
Related Party Transaction, Purchases from Related Party			1,499,000
OFG Officers [Member]
Related Party Transaction, Amounts of Transaction	2,000	0	1,000
Investors Yield Inc. [Member]
Related Party Transaction, Amounts of Transaction	$ 1,000	9,000	$ 10,000
Management Fee [Member]
Related Party Transaction, Rate	2.75%
Servicing Fee [Member]
Related Party Transaction, Rate	0.25%
Management and Service Fees [Member] | Owens Financial Group Inc. [Member]
Due to Related Parties	$ 245,000	$ 324,000

Note 13 - Rental Income (Detail

Note 13 - Rental Income (Details Textual)	12 Months Ended
	Dec. 31, 2017
Lessor, Operating Lease, Term of Contract	1 year
Minimum [Member]
Lessor, Operating Lease, Term of Contract	1 year
Maximum [Member]
Lessor, Operating Lease, Term of Contract	10 years

Note 13 - Rental Income - Futur

Note 13 - Rental Income - Future Minimum Rental Income (Details)	Dec. 31, 2017USD ($)
2,018	$ 2,130,167
2,019	1,606,224
2,020	806,807
2,021	760,279
2,022	544,115
Thereafter (through 2027)	1,096,713
Total	$ 6,944,305

Note 14 - Fair Value (Details T

Note 14 - Fair Value (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Liabilities, Fair Value Disclosure, Recurring	$ 0	$ 0
Allowance for Loan and Lease Losses, Adjustments, Other	360,012	(1,284,896)	$ 1,026,909
Allowance for Loan and Lease Losses, Write-offs	(546,004)	(447,520)
Impairment of Real Estate	1,423,286	3,227,807	1,589,434
Assets, Fair Value Disclosure, Recurring	0	0
Liabilities, Fair Value Disclosure, Nonrecurring	0	0
Assets, Fair Value Disclosure, Nonrecurring	0	0
Land Portfolio Segment [Member]
Allowance for Loan and Lease Losses, Write-offs
Impairment of Real Estate	145,000	2,110,000
Commercial Portfolio Segment [Member]
Allowance for Loan and Lease Losses, Write-offs		(447,520)
Impairment of Real Estate	1,278,000	1,118,000
Excluding Loan Loss Reversal Foreclosed Loan [Member]
Allowance for Loan and Lease Losses, Adjustments, Other	$ 0	$ 733,000

Note 14 - Fair Value - Assets a

Note 14 - Fair Value - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets at fair value	$ 0	$ 0
Assets, Fair Value Disclosure, Nonrecurring	0	0
Impaired Loans [Member]
Assets at fair value	1,115,999	4,413,000
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Impaired Loans [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Impaired Loans [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Impaired Loans [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	1,115,999	4,413,000
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Impaired Loans [Member] | Residential Portfolio Segment [Member]
Assets at fair value	1,115,999	4,413,000
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	1,115,999	4,413,000
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Real Estate Properties [Member]
Assets at fair value	9,375,670	872,037
Assets, Fair Value Disclosure, Nonrecurring	9,375,670	872,037
Real Estate Properties [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Real Estate Properties [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Real Estate Properties [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	9,375,670	872,037
Assets, Fair Value Disclosure, Nonrecurring	9,375,670	872,037
Real Estate Properties [Member] | Commercial Portfolio Segment [Member]
Assets at fair value	7,460,800	732,539
Assets, Fair Value Disclosure, Nonrecurring	7,460,800	732,539
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	7,460,800	732,539
Assets, Fair Value Disclosure, Nonrecurring	7,460,800	732,539
Real Estate Properties [Member] | Land Portfolio Segment [Member]
Assets at fair value	1,914,870	139,498
Assets, Fair Value Disclosure, Nonrecurring	1,914,870	139,498
Real Estate Properties [Member] | Land Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Real Estate Properties [Member] | Land Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Assets at fair value
Assets, Fair Value Disclosure, Nonrecurring
Real Estate Properties [Member] | Land Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Assets at fair value	1,914,870	139,498
Assets, Fair Value Disclosure, Nonrecurring	$ 1,914,870	$ 139,498

Note 14 - Fair Value - Level 3

Note 14 - Fair Value - Level 3 Fair Value Measurements for Financial Instruments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Assets, Fair Value Disclosure, Nonrecurring	$ 0	$ 0
Assets at fair value	0	0
Impaired Loans [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Assets at fair value	1,115,999	4,413,000
Impaired Loans [Member] | Residential Portfolio Segment [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Assets at fair value	1,115,999	4,413,000
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Market Approach Valuation Technique [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,115,999	4,413,000
Assets at fair value	$ 1,115,999	$ 4,413,000
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Minimum [Member]
Assets at fair value, comparable sales adjustment	(4.60%)	(4.60%)
Assets at fair value, comparable sales adjustment	(4.60%)	(4.60%)
Impaired Loans [Member] | Residential Portfolio Segment [Member] | Market Approach Valuation Technique [Member] | Maximum [Member]
Assets at fair value, comparable sales adjustment	4.20%	4.20%
Assets at fair value, comparable sales adjustment	4.20%	4.20%
Real Estate Properties [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 9,375,670	$ 872,037
Assets at fair value	9,375,670	872,037
Real Estate Properties [Member] | Commercial Portfolio Segment [Member]
Assets, Fair Value Disclosure, Nonrecurring	7,460,800	732,539
Assets at fair value	7,460,800	732,539
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Cost Approach Valuation Technique [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 7,460,800	$ 732,539
Assets at fair value, comparable sales adjustment	32.50%	7.30%
Assets at fair value, comparable sales adjustment	32.50%	7.30%
Assets at fair value	$ 7,460,800	$ 732,539
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Minimum [Member]
Assets at fair value, comparable sales adjustment	(23.70%)	(5.00%)
Assets at fair value, comparable sales adjustment	(23.70%)	(5.00%)
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Maximum [Member]
Assets at fair value, comparable sales adjustment	(11.60%)	5.00%
Assets at fair value, comparable sales adjustment	(11.60%)	5.00%
Real Estate Properties [Member] | Commercial Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Weighted Average [Member]
Assets at fair value, comparable sales adjustment	(13.50%)
Assets at fair value, comparable sales adjustment	(13.50%)
Real Estate Properties [Member] | Land Portfolio Segment [Member]
Assets, Fair Value Disclosure, Nonrecurring	$ 1,914,870	$ 139,498
Assets at fair value	1,914,870	139,498
Real Estate Properties [Member] | Land Portfolio Segment [Member] | Cost Approach Valuation Technique [Member]
Assets, Fair Value Disclosure, Nonrecurring	1,914,870	$ 139,498
Assets at fair value, comparable sales adjustment		(33.70%)
Assets at fair value, comparable sales adjustment		(33.70%)
Assets at fair value	$ 1,914,870	$ 139,498
Real Estate Properties [Member] | Land Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Minimum [Member]
Assets at fair value, comparable sales adjustment	(50.80%)
Assets at fair value, comparable sales adjustment	(50.80%)
Real Estate Properties [Member] | Land Portfolio Segment [Member] | Cost Approach Valuation Technique [Member] | Maximum [Member]
Assets at fair value, comparable sales adjustment	21.90%
Assets at fair value, comparable sales adjustment	21.90%

Note 14 - Fair Value - Carrying

Note 14 - Fair Value - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Notes payable	$ 30,418,802	$ 33,848,449
Fair Value, Inputs, Level 1 [Member]
Cash and cash equivalents	2,171,000	434,000
Restricted cash	3,500,000	6,500,000
Loans, net
Investment in limited liability company
Accrued interest and advances receivable
Accrued interest payable
Lines of credit payable
Notes payable
Fair Value, Inputs, Level 2 [Member]
Cash and cash equivalents
Restricted cash
Loans, net
Investment in limited liability company
Accrued interest and advances receivable
Accrued interest payable	77,000	97,000
Lines of credit payable	1,555,000	4,976,000
Notes payable	17,176,000	20,213,000
Fair Value, Inputs, Level 3 [Member]
Cash and cash equivalents
Restricted cash
Loans, net	144,255,000	126,652,000
Investment in limited liability company	4,819,000	2,650,000
Accrued interest and advances receivable	1,459,000	1,328,000
Accrued interest payable	38,000	40,000
Lines of credit payable
Notes payable	13,233,000	13,499,000
Reported Value Measurement [Member]
Cash and cash equivalents	2,171,000	434,000
Restricted cash	3,500,000	6,500,000
Loans, net	144,344,000	126,975,000
Investment in limited liability company	2,141,000	2,140,000
Accrued interest and advances receivable	1,459,000	1,328,000
Accrued interest payable	115,000	137,000
Lines of credit payable	1,555,000	4,976,000
Notes payable	30,419,000	33,386,000
Estimate of Fair Value Measurement [Member]
Cash and cash equivalents	2,171,000	434,000
Restricted cash	3,500,000	6,500,000
Loans, net	144,255,000	126,652,000
Investment in limited liability company	4,819,000	2,650,000
Accrued interest and advances receivable	1,459,000	1,328,000
Accrued interest payable	115,000	137,000
Lines of credit payable	1,555,000	4,976,000
Notes payable	$ 30,409,000	$ 33,712,000

Note 15 - Commitments and Con71

Note 15 - Commitments and Contingencies (Details Textual)	Dec. 31, 2017USD ($)
Contractual Obligation	$ 30,495,000
Interest Reserves [Member]
Contractual Obligation	$ 3,883,000

Note 16 - Subsequent Events (De

Note 16 - Subsequent Events (Details Textual)	Mar. 12, 2018$ / shares	Dec. 29, 2017USD ($)shares	Feb. 28, 2018USD ($)	Dec. 31, 2017USD ($)$ / shares	Sep. 30, 2017USD ($)$ / shares	Jun. 30, 2017USD ($)$ / shares	Mar. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)$ / shares	Sep. 30, 2016USD ($)$ / shares	Jun. 30, 2016USD ($)$ / shares	Mar. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares	Sep. 30, 2015USD ($)$ / shares	Jun. 30, 2015USD ($)$ / shares	Mar. 31, 2015USD ($)$ / shares	Dec. 31, 2017USD ($)$ / shares	Dec. 31, 2016USD ($)$ / shares	Dec. 31, 2015USD ($)$ / shares
Treasury Stock, Value, Acquired, Cost Method																$ 18,803,061		$ 7,502,902
Settlement Expense				$ 2,627,436												$ 2,627,436
Number of Real Estate Properties Sold																8	7	8
Gain (Loss) on Sale of Properties				$ 268,891	$ 582,496	$ 13,877,715	$ (181)	$ (536,419)	$ 20,195,367		$ 4,838,815	$ 6,787,254		$ 14,825,858	$ 205,441	$ 14,728,921	$ 24,497,763	$ 21,818,553
Common Stock, Dividends, Per Share, Declared | $ / shares				$ 0.10	$ 0.10	$ 0.10	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.18	$ 0.07	$ 0.38	$ 0.32	$ 0.41
Subsequent Event [Member]
Common Stock, Dividends, Per Share, Declared | $ / shares	$ 0.16
Dividends Payable, Date to be Paid	Apr. 13, 2018
Dividends Payable, Date of Record	Mar. 31, 2018
Condominium Property [Member] | Subsequent Event [Member]
Number of Real Estate Properties Sold			3
Proceeds from Sale of Other Real Estate			$ 3,725,000
Gain (Loss) on Sale of Properties			$ 539,000
Settlement Agreement [Member] | Freestone Capital Management, LLC. [Member]
Treasury Stock, Shares, Acquired | shares		810,937
Forward Contract Liability, Treasury Stock				$ 2,731,000												$ 2,731,000
Treasury Stock, Value, Acquired, Cost Method		$ 12,983,000
Settlement Expense																$ 2,627,000
Settlement Agreement [Member] | Freestone Capital Management, LLC. [Member] | January 2018 [Member]
Treasury Stock, Shares, Acquired | shares		141,879
Forward Contract Liability, Treasury Stock		$ 2,731,000
Treasury Stock, Value, Acquired, Cost Method		2,271,000
Settlement Expense		$ 460,000

Note 17 - Summary Quarterly C73

Note 17 - Summary Quarterly Consolidated Financial Information (Unaudited) - Quarterly Consolidated Financial Information (Details) - USD ($)	3 Months Ended												12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2015	Sep. 30, 2015	Jun. 30, 2015	Mar. 31, 2015	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Total revenues	$ 3,850,940	$ 4,277,493	$ 3,867,290	$ 3,537,405	$ 3,667,283	$ 4,493,977	$ 4,692,114	$ 4,225,617	$ 4,432,455	$ 4,414,217	$ 5,987,048	$ 6,409,831	$ 15,533,128	$ 17,078,991	$ 21,243,551
Total expenses	3,964,664	3,427,969	4,164,895	3,355,582	3,942,004	5,587,213	6,999,063	4,316,678	2,817,184	3,998,225	4,463,246	5,453,674	14,913,110	20,844,958	16,732,329
Operating (loss) income	(113,724)	849,524	(297,605)	181,823	(274,721)	(1,093,236)	(2,306,949)	(91,061)	1,615,271	415,992	1,523,802	956,157	620,018	(3,765,967)	4,511,222
Gain (Loss) on Sale of Properties	268,891	582,496	13,877,715	(181)	(536,419)	20,195,367		4,838,815	6,787,254		14,825,858	205,441	14,728,921	24,497,763	21,818,553
Settlement expense	(2,627,436)												(2,627,436)
Net (loss) income before income taxes	(2,472,269)	1,432,020	13,580,110	181,642	(811,140)	19,102,131	(2,306,949)	4,747,754	8,402,525	415,992	16,349,660	1,161,598
Income Tax Expense (Benefit)	(1,951,828)	(1,275,700)	(824,163)	10,036	(380,706)	260,848	7,368,835		93,335				4,041,655	(7,248,977)	93,335
Net (loss) income attributable to common stockholders	$ (4,424,097)	$ 156,320	$ 12,755,947	$ 191,678	$ (1,175,886)	$ 15,732,661	$ 5,118,733	$ 4,734,262	$ 8,272,299	$ 384,321	$ 13,760,776	$ 1,151,720	$ 8,679,848	$ 27,980,773	$ 26,236,440
Earnings per common share (basic and diluted) (in dollars per share)	$ (0.44)	$ 0.02	$ 1.24	$ 0.02	$ (0.11)	$ 1.54	$ 0.50	$ 0.46	$ 0.80	$ 0.04	$ 1.28	$ 0.11	$ 0.85	$ 2.38	$ 2.22
Weighted average number of common shares outstanding (basic and diluted) (in shares)	9,984,352	10,173,448	10,247,477	10,247,477	10,247,477	10,247,477	10,247,477	10,247,477	10,310,149	10,538,735	10,768,001	10,768,001	10,162,496	10,247,477	10,594,807
Common Stock, Dividends, Per Share, Declared	$ 0.10	$ 0.10	$ 0.10	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.08	$ 0.18	$ 0.07	$ 0.38	$ 0.32	$ 0.41
Net (loss) income					$ (1,191,846)	$ 19,362,979	$ 5,061,886	$ 4,747,754	$ 8,309,190	$ 415,992	$ 16,349,660	$ 1,161,598	$ 8,679,848	$ 24,409,770	$ 23,569,116
Less: Net loss (income) attributable to non-controlling interests					$ 15,960	$ (3,630,318)	$ 56,847	$ (13,492)	(36,891)	(31,671)	(2,588,884)	(9,878)		$ 3,571,003	$ 2,667,324
Gain on foreclosure of loans

Financial Statement Schedule 74

Financial Statement Schedule III - Real Estate and Accumulated Depreciation (Details Textual) - USD ($)	12 Months Ended			36 Months Ended	48 Months Ended
	Dec. 31, 2017	Dec. 31, 2011	Dec. 31, 2010	Dec. 31, 2012	Dec. 31, 2012	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
SEC Schedule III, Real Estate Accumulated Depreciation	$ 3,316,753					$ 3,151,427	$ 2,915,596	$ 6,075,287
Transfer of Land from ZRV to ZRV II [Member]
Real Estate and Accumulated Depreciation, Book Value Transferred	518,960
Transfer of Construction and Related Costs from ZRV to ZRV II [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Cost Transferred	2,571,536
Assisted Living Facility, Bensalem, Pennsylvania [Member]
SEC Schedule III, Real Estate, Write-down or Reserve, Amount	467,178
SEC Schedule III, Real Estate Accumulated Depreciation	563,299
Office Condominium Complex, Roseville, California [Member]
SEC Schedule III, Real Estate, Write-down or Reserve, Amount		$ 3,712,707	$ 3,712,707
75 Residential Lost, Auburn, California [Member]
SEC Schedule III, Real Estate, Write-down or Reserve, Amount					$ 9,904,826
Marina & Boat Club with 179 Boat Slips, Isleton, California [Member]
SEC Schedule III, Real Estate, Write-down or Reserve, Amount	315,306
SEC Schedule III, Real Estate Accumulated Depreciation	192,862
Undeveloped, Industrial Land, San Jose, California [Member]
SEC Schedule III, Real Estate, Write-down or Reserve, Amount	1,213,168			$ 1,213,168
Golf Course, Auburn, California [Member]
SEC Schedule III, Real Estate Accumulated Depreciation						$ 267,716
Real Estate Properties [Member]
SEC Schedule III, Real Estate, Federal Income Tax Basis	$ 105,382,000

Financial Statement Schedule 75

Financial Statement Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Sales	$ (41,505,148)	$ (66,183,589)	$ (31,099,086)
Accumulated depreciation	(3,316,753)	(3,151,427)	(2,915,596)	$ (6,075,287)
Carrying value	80,466,125
Accumulated depreciation	3,316,753	3,151,427	2,915,596	$ 6,075,287
Sales	41,505,148	$ 66,183,589	$ 31,099,086
Retail Complex South Lake Tahoe, California [Member]
Encumbrances	13,242,514
Initial cost	6,409,617
Capitalized costs	12,292,082
Sales	(41,667)
Impairment writedowns
Accumulated depreciation	(2,036,794)
Carrying value	16,623,238
Accumulated depreciation	2,036,794
Sales	$ 41,667
Retail Complex South Lake Tahoe, California [Member] | Minimum [Member]
Depreciable lives (Year)	5 years
Retail Complex South Lake Tahoe, California [Member] | Maximum [Member]
Depreciable lives (Year)	39 years
Retail Complex and 23 Residential Condominium Units (ZRV), South Lake Tahoe, California [Member]
Encumbrances	$ 17,176,288
Initial cost	5,016,443
Capitalized costs	36,825,438
Sales	(9,581,278)
Impairment writedowns
Accumulated depreciation
Carrying value	32,260,603
Accumulated depreciation
Sales	9,581,278
Residential Land (ZRV II), South Lake Tahoe, California [Member]
Encumbrances
Initial cost	2,032,963
Capitalized costs	4,528,060
Sales
Impairment writedowns
Accumulated depreciation
Carrying value	6,561,023
Accumulated depreciation
Sales
Assisted Living Facility, Bensalem, Pennsylvania [Member]
Encumbrances
Initial cost	4,454,867
Capitalized costs	1,265,436
Sales
Impairment writedowns	(467,178)
Accumulated depreciation
Carrying value	5,253,125
Accumulated depreciation
Sales
Date acquired	Dec. 12, 2014
Office Condominium Complex (13 Units), Roseville, California [Member]
Encumbrances
Initial cost	8,569,286
Capitalized costs	321,923
Sales	(1,632,971)
Impairment writedowns	(3,712,707)
Accumulated depreciation	(680,529)
Carrying value	2,865,002
Accumulated depreciation	680,529
Sales	$ 1,632,971
Date acquired	Sep. 26, 2008
Office Condominium Complex (13 Units), Roseville, California [Member] | Minimum [Member]
Depreciable lives (Year)	2 years
Office Condominium Complex (13 Units), Roseville, California [Member] | Maximum [Member]
Depreciable lives (Year)	39 years
73 Residential Lots, Auburn, California [Member]
Encumbrances
Initial cost	13,746,625
Capitalized costs	376,746
Sales	(96,678)
Impairment writedowns	(9,904,826)
Accumulated depreciation
Carrying value	4,121,867
Accumulated depreciation
Sales	$ 96,678
Date acquired	Sep. 27, 2007
12 Condominium & 3 Commercial Units, Tacoma, Washington [Member]
Encumbrances
Initial cost	2,486,400
Capitalized costs	84,909
Sales
Impairment writedowns
Accumulated depreciation	(307,961)
Carrying value	2,263,348
Accumulated depreciation	307,961
Sales
Date acquired	Jul. 8, 2011
12 Condominium & 3 Commercial Units, Tacoma, Washington [Member] | Minimum [Member]
Depreciable lives (Year)	27 years 182 days
12 Condominium & 3 Commercial Units, Tacoma, Washington [Member] | Maximum [Member]
Depreciable lives (Year)	39 years
Marina & Boat Club with 179 Boat Slips, Isleton, California [Member]
Encumbrances
Initial cost	1,809,663
Capitalized costs	713,318
Sales
Impairment writedowns	(315,306)
Accumulated depreciation
Carrying value	2,207,675
Accumulated depreciation
Sales
Date acquired	Jan. 29, 2013
Undeveloped, Industrial Land, San Jose, California [Member]
Encumbrances
Initial cost	3,025,992
Capitalized costs	102,046
Sales
Impairment writedowns	(1,213,168)
Accumulated depreciation
Carrying value	1,914,870
Accumulated depreciation
Sales
Date acquired	Dec. 27, 2002
Golf Course, Auburn, California [Member]
Encumbrances
Initial cost	1,796,254
Capitalized costs	203,195
Sales
Impairment writedowns
Accumulated depreciation
Carrying value	1,999,449
Accumulated depreciation
Sales
Date acquired	Jun. 20, 2009
Unimproved Residential and Commercial Land, Bethel Island, California [Member]
Encumbrances
Initial cost	2,336,640
Capitalized costs	3,460
Sales	(1,867)
Impairment writedowns
Accumulated depreciation
Carrying value	2,338,233
Accumulated depreciation
Sales	$ 1,867
Date acquired	Mar. 11, 2014
Miscellaneous Real Estate [Member]
Accumulated depreciation	$ (291,469)
Carrying value	2,057,692
Accumulated depreciation	$ 291,469

Financial Statement Schedule 76

Financial Statement Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Held for Sale and Investment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of period	$ 113,123,398	$ 153,838,412	$ 163,016,805
Acquisitions through foreclosure		700,800
Investments in real estate properties	11,274,904	29,061,735	25,274,125
Amortization of deferred financing costs capitalized to construction project	76,260	119,471	207,347
Subtotal	124,474,562	183,720,418	188,498,277
Cost of real estate properties sold	41,505,148	66,183,589	31,099,086
Impairment of Real Estate	1,423,286	3,227,807	1,589,434
Depreciation of properties held for investment	1,080,003	1,185,624	1,971,345
Balance at end of period	$ 80,466,125	$ 113,123,398	$ 153,838,412

Financial Statement Schedule 77

Financial Statement Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of period	$ 3,151,427	$ 2,915,596	$ 6,075,287
Depreciation of properties held for investment	1,080,003	1,185,624	1,971,345
Subtotal	4,231,430	4,101,220	8,046,632
Accumulated depreciation on real estate moved to held for sale	914,677	949,793	5,131,036
Balance at end of period	$ 3,316,753	$ 3,151,427	$ 2,915,596

Financial Statement Schedule 78

Financial Statement Schedule IV - Mortgage Loans on Real Estate (Details Textual)	12 Months Ended
	Dec. 31, 2017USD ($)
Percent of Total Loans	3.00%
Changes in Mortgage Loans on Real Estate [Member]
Mortgage Loans on Real Estate, Federal Income Tax Basis	$ 146,718,000

Financial Statement Schedule 79

Financial Statement Schedule IV - Mortgage Loans on Real Estate - Mortgage Loans on Real Estate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Interest Rate
Carrying Amount of Mortgages	$ 146,171,650	$ 129,682,311	$ 106,743,807	$ 68,033,511
Principal Amount of Loans Subject to Delinquent Principal	14,692,398
Principal Amount of Loans Subject to Delinquent Payments	8,534,210
First Mortgage [Member]
Carrying Amount of Mortgages	142,782,492
Principal Amount of Loans Subject to Delinquent Principal	13,803,241
Principal Amount of Loans Subject to Delinquent Payments	8,045,052
Second Mortgage [Member]
Carrying Amount of Mortgages	3,389,158
Principal Amount of Loans Subject to Delinquent Principal	889,157
Principal Amount of Loans Subject to Delinquent Payments	489,158
Mortgage Loans Between $0 and $500,000 [Member]
Carrying Amount of Mortgages	2,631,611
Principal Amount of Loans Subject to Delinquent Principal	1,039,157
Principal Amount of Loans Subject to Delinquent Payments	771,057
Mortgage Loans Between $500,001 and $1,000,000 [Member]
Carrying Amount of Mortgages	3,736,554
Principal Amount of Loans Subject to Delinquent Principal	2,146,369
Principal Amount of Loans Subject to Delinquent Payments	1,577,452
Mortgage Loans Between $1,000,001 to $5,000,000 [Member]
Carrying Amount of Mortgages	75,562,318
Principal Amount of Loans Subject to Delinquent Principal	11,506,872
Principal Amount of Loans Subject to Delinquent Payments	6,185,701
Mortgage Loans Over $5,000,000 [Member]
Carrying Amount of Mortgages	64,241,167
Principal Amount of Loans Subject to Delinquent Principal
Minimum [Member] | Mortgage Loans Between $0 and $500,000 [Member]
Interest Rate	6.00%
Minimum [Member] | Mortgage Loans Between $500,001 and $1,000,000 [Member]
Interest Rate	7.75%
Minimum [Member] | Mortgage Loans Between $1,000,001 to $5,000,000 [Member]
Interest Rate	4.00%
Maximum [Member] | First Mortgage [Member]
Interest Rate	11.00%
Maximum [Member] | Second Mortgage [Member]
Interest Rate	982.00%
Maximum [Member] | Mortgage Loans Between $0 and $500,000 [Member]
Interest Rate	10.00%
Maximum [Member] | Mortgage Loans Between $500,001 and $1,000,000 [Member]
Interest Rate	11.00%
Maximum [Member] | Mortgage Loans Between $1,000,001 to $5,000,000 [Member]
Interest Rate	10.00%
Maximum [Member] | Mortgage Loans Over $5,000,000 [Member]
Interest Rate	8.00%
Commercial [Member]
Carrying Amount of Mortgages	$ 127,873,281
Principal Amount of Loans Subject to Delinquent Principal	4,585,000
Principal Amount of Loans Subject to Delinquent Payments	$ 1,212,851
Commercial [Member] | Maximum [Member]
Interest Rate	10.00%
Residential [Member]
Carrying Amount of Mortgages	$ 13,170,795
Principal Amount of Loans Subject to Delinquent Principal	10,107,398
Principal Amount of Loans Subject to Delinquent Payments	$ 7,321,359
Residential [Member] | Minimum [Member]
Interest Rate	7.75%
Residential [Member] | Maximum [Member]
Interest Rate	11.00%
Land Property [Member]
Carrying Amount of Mortgages	$ 5,127,574
Principal Amount of Loans Subject to Delinquent Principal
Principal Amount of Loans Subject to Delinquent Payments
Land Property [Member] | Maximum [Member]
Interest Rate	9.82%
Mortgage Loans Over $5,000,000 [Member]
Principal Amount of Loans Subject to Delinquent Payments
Maturity Date Current to November 2020 [Member] | Commercial [Member] | Minimum [Member]
Interest Rate	6.99%
Maturity Date October 2018 to October 2020 [Member] | Land Property [Member] | Minimum [Member]
Interest Rate	4.00%
Maturity Date January 2018 to November 2019 [Member] | Minimum [Member] | Mortgage Loans Over $5,000,000 [Member]
Interest Rate	6.99%
Maturity Date Current to March 2028 [Member] | Minimum [Member] | First Mortgage [Member]
Interest Rate	4.00%
Maturity Date Current to October 2018 [Member] | Minimum [Member] | Second Mortgage [Member]
Interest Rate	8.00%

Financial Statement Schedule 80

Financial Statement Schedule IV - Mortgage Loans on Real Estate - Changes in Mortgage Loans on Real Estate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Balance at beginning of period	$ 129,682,311	$ 106,743,807	$ 68,033,511
New loans	86,274,680	79,867,140	73,389,645
Advances moved to principal of loans			536,816
Subtotal	215,956,991	186,610,947	141,959,972
Collection of principal	69,785,341	55,849,884	35,216,165
Foreclosures		1,078,752
Balance at end of period	$ 146,171,650	129,682,311	$ 106,743,807
Discount accretion

Financial Statement Schedule 81

Financial Statement Schedule IV - Mortgage Loans on Real Estate - Loans Which Exceed Three Percent of the Total Loans (Details)	12 Months Ended
	Dec. 31, 2017USD ($)
Interest Rate
Prior Liens	$ 0
Face Amount of Mortgages	77,466,000
Carrying Amount of Mortgages	69,001,226
Principal Amount of Loans Subject to Delinquent Principal	$ 14,692,398
Apartment Building, Oxnard, California [Member] | Maturity Date, April 1, 2018 [Member]
Interest Rate	7.25%
Prior Liens	$ 0
Face Amount of Mortgages	14,900,000
Carrying Amount of Mortgages	13,272,146
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Hotel, Novi, Michigan [Member] | Maturity Date, December 31, 2018 [Member]
Interest Rate	7.75%
Prior Liens	$ 0
Face Amount of Mortgages	8,835,000
Carrying Amount of Mortgages	8,467,892
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Shopping Center, Ontario, California [Member] | Maturity Date, January 1, 2018 [Member]
Interest Rate	6.99%
Prior Liens	$ 0
Face Amount of Mortgages	10,000,000
Carrying Amount of Mortgages	8,400,000
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Office Building, Pleasanton, California [Member] | Maturity Date, November 1, 2019 [Member]
Interest Rate	7.50%
Prior Liens	$ 0
Face Amount of Mortgages	8,250,000
Carrying Amount of Mortgages	8,000,000
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Office Building 2, Pleasanton, California [Member] | Maturity Date, November 1, 2019 [Member]
Interest Rate	7.50%
Prior Liens	$ 0
Face Amount of Mortgages	8,250,000
Carrying Amount of Mortgages	6,757,044
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Retail Building, Antioch, California [Member] | Maturity Date, October 15, 2018 [Member]
Interest Rate	8.00%
Prior Liens	$ 0
Face Amount of Mortgages	7,000,000
Carrying Amount of Mortgages	6,741,605
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Storage Facility, Benbrook, Texas [Member] | Maturity Date May 15, 2018 [Member]
Interest Rate	7.75%
Prior Liens	$ 0
Face Amount of Mortgages	6,625,000
Carrying Amount of Mortgages	6,625,000
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Retail Building, Folsom, California [Member] | Maturity Date, January 15, 2019[Member]
Interest Rate	7.75%
Prior Liens	$ 0
Face Amount of Mortgages	8,006,000
Carrying Amount of Mortgages	5,977,480
Principal Amount of Loans Subject to Delinquent Principal	$ 0
Ofiice Building, Chula Vista, California [Member] | Maturity Date, November 1, 2018 [Member]
Interest Rate	8.00%
Prior Liens	$ 0
Face Amount of Mortgages	5,600,000
Carrying Amount of Mortgages	4,760,059
Principal Amount of Loans Subject to Delinquent Principal	$ 0