Owens Realty Mortgage (ORM) 10-Q 8 Aug 18 2018 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2018	Aug. 04, 2018
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)		0
Document Type	10-Q
Document Period End Date	Jun. 30, 2018
Document Fiscal Year Focus	2,018
Document Fiscal Period Focus	Q2
Amendment Flag	false

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
ASSETS
Cash, cash equivalents and restricted cash	$ 5,606,546	$ 5,670,816
Loans, net of allowance for loan losses of $1,751,700 in 2018 and $1,827,806 in 2017	167,288,673	144,343,844
Interest and other receivables	1,279,875	2,430,457
Other assets, net of accumulated depreciation and amortization of $333,681 in 2018 and $309,686 in 2017	544,732	725,341
Deferred financing costs, net of accumulated amortization of $292,099 in 2018 and $265,276 in 2017		26,823
Deferred tax assets, net	3,041,512	3,207,322
Investment in limited liability company	2,140,444	2,140,545
Real estate held for sale	44,914,582	56,110,472
Real estate held for investment, net of accumulated depreciation of $2,358,186 in 2018 and $3,316,753 in 2017	22,870,357	24,355,653
Total assets	247,686,721	239,011,273
LIABILITIES:
Dividends payable	1,746,713	1,572,047
Due to Manager	236,934	277,671
Accounts payable and accrued liabilities	1,201,459	1,390,329
Deferred gains on sales of real estate		302,895
Forward contract liability – share repurchase		2,731,171
Lines of credit payable	29,612,700	1,555,000
Notes and loans payable on real estate	19,951,868	30,192,433
Total liabilities	52,749,674	38,021,546
Commitments and Contingencies (Note 14)
EQUITY:
Preferred stock, $.01 par value per share, 5,000,000 shares authorized, no shares issued and outstanding at June 30, 2018 and December 31, 2017
Common stock, $.01 par value per share, 50,000,000 shares authorized, 11,198,119 shares issued, 8,733,564 and 9,095,454 shares outstanding at June 30, 2018 and December 31, 2017	111,981	111,981
Additional paid-in capital	182,437,522	182,437,522
Treasury stock, at cost – 2,464,555 and 2,102,665 shares at June 30, 2018 and December 31, 2017	(37,490,700)	(31,655,119)
Retained earnings	49,878,244	50,095,343
Total stockholders’ equity	194,937,047	200,989,727
Total liabilities and equity	$ 247,686,721	$ 239,011,273

Consolidated Balance Sheets (C3

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Loans, allowance of losses	$ 1,751,700	$ 1,827,806
Other assets, accumulated depreciation and amortization	333,681	309,686
Deferred financing costs, accumulated amortization	292,099	265,276
Real estate held for investment, accumulated depreciation	$ 2,358,186	$ 3,316,753
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)	8,733,564	9,095,454
Treasury stock, shares (in shares)	2,464,555	2,102,665

Consolidated Statements of Inco

Consolidated Statements of Income (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Revenues:
Interest and related income from loans	$ 3,086,829	$ 2,641,363	$ 5,976,397	$ 5,188,405
Rental and other income from real estate properties	1,210,152	1,179,835	2,280,388	2,126,206
Other income	49,063	46,092	81,179	90,084
Total revenues	4,346,044	3,867,290	8,337,964	7,404,695
Expenses:
Management fees to Manager	730,353	1,006,680	1,467,715	1,954,194
Servicing fees to Manager	0	91,516	95,143	177,654
General and administrative expense	390,738	545,872	919,934	1,029,686
Rental and other expenses on real estate properties	949,579	1,436,001	2,408,751	2,639,320
Depreciation and amortization	206,128	303,782	423,199	613,742
Interest expense	586,799	362,174	1,122,705	648,975
Provision for loan losses	114,633	137,244	34,368	175,280
Impairment losses on real estate properties	0	281,626	0	281,626
Total expenses	2,978,230	4,164,895	6,471,815	7,520,477
Operating income (loss)	1,367,814	(297,605)	1,866,149	(115,782)
Gain on sales of real estate, net	957,239	13,877,715	1,111,815	13,877,534
Income before income taxes	2,325,053	13,580,110	2,977,964	13,761,752
Income tax benefit (expense)	17,635	(824,163)	(165,810)	(814,127)
Net income	$ 2,342,688	$ 12,755,947	$ 2,812,154	$ 12,947,625
Per common share data:
Basic and diluted earnings per common share (in dollars per share)	$ 0.26	$ 1.24	$ 0.31	$ 1.26
Basic and diluted weighted average number of common shares outstanding (in shares)	8,922,280	10,247,477	9,005,314	10,247,477
Dividends declared per share of common stock (in dollars per share)	$ 0.20	$ 0.10	$ 0.36	$ 0.18

Consolidated Statements of Stoc

Consolidated Statements of Stockholders' Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Treasury Stock [Member]	Retained Earnings [Member]	Parent [Member]	Total
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
Net income				12,947,625	12,947,625	$ 12,947,625
Dividends declared				(1,844,546)	(1,844,546)
Balances (in shares) at Jun. 30, 2017	11,198,119		(950,642)
Balances at Jun. 30, 2017	$ 111,981	182,437,522	$ (12,852,058)	56,933,511	226,630,956
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
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
Net income				2,812,154	2,812,154	$ 2,812,154
Dividends declared				(3,196,148)	(3,196,148)
Purchase of treasury stock (in shares)			(361,890)
Purchase of treasury stock			$ (5,835,581)		(5,835,581)
Balances (in shares) at Jun. 30, 2018	11,198,119		(2,464,555)
Balances at Jun. 30, 2018	$ 111,981	182,437,522	$ (37,490,700)	49,878,244	194,937,047
Net effect of adoption of new accounting standards				$ 166,895	$ 166,895

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income			$ 2,812,154	$ 12,947,625
Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Gain on sales of real estate, net	$ (957,239)	$ (13,877,715)	(1,111,815)	(13,877,534)
Deferred income tax expense			165,810	814,127
Distribution received from equity method investee			79,500	90,000
Income in earnings of equity method investee			(79,399)	(90,084)
Provision for loan losses			34,368	175,280
Impairment losses on real estate properties	0	281,626	0	281,626
Depreciation and amortization of real estate and other assets			423,199	613,742
Amortization of deferred financing costs to interest expense			144,764	118,854
Accretion of discount on loans			(103,226)
Deferred loans fees, net of amortization			186,894
Changes in operating assets and liabilities:
Interest and other receivables			445,332	(184,473)
Other assets			156,615	(28,430)
Accounts payable and accrued liabilities			(188,870)	(2,205,563)
Due to Manager			(40,737)	68,025
Forward contract liability			(459,688)
Net cash provided by (used in) operating activities			2,464,901	(1,276,805)
CASH FLOWS FROM INVESTING ACTIVITIES:
Principal collected on loans			31,539,087	14,450,283
Investments in loans			(48,761,657)	(44,707,440)
Investment in real estate properties			(277,445)	(6,432,667)
Net proceeds from disposition of real estate properties and other assets			8,400,196	52,078,167
Purchases of furniture, fixtures and equipment				(14,210)
Net cash (used in) provided by investing activities			(9,099,819)	15,374,134
CASH FLOWS FROM FINANCING ACTIVITIES:
Advances on notes payable			243,267	6,324,250
Repayments on notes payable			(10,601,773)	(8,973,282)
Advances on line of credit			44,399,700	16,300,000
Repayments on line of credit			(16,342,000)	(21,276,000)
Payment of deferred financing costs				(12,500)
Purchase of treasury stock			(8,107,064)
Dividends paid (including tax payments on behalf of shareholders)			(3,021,482)	(2,222,294)
Net cash provided by (used in) financing activities			6,570,648	(9,859,826)
Net (decrease) increase in cash, cash equivalents and restricted cash			(64,270)	4,237,503
Cash, cash equivalents and restricted cash at beginning of period			5,670,816	6,934,243	$ 6,934,243
Cash, cash equivalents and restricted cash at end of period	5,606,546	11,171,746	5,606,546	11,171,746	5,670,816
Supplemental Disclosures of Cash Flow Information
Cash paid during the period for interest (excluding amounts capitalized)			886,562	543,713
Cash paid during the period for interest that was capitalized				472,357
Supplemental Disclosures of Non-Cash Activity
Increase in loans from sales of real estate			5,976,295
Change in capital expenditures financed through accounts payable				(3,710,772)
Amortization of deferred financing costs capitalized to construction project				(76,260)
Dividends declared but not paid	$ (1,746,713)	$ (1,024,748)	(1,746,713)	(1,024,748)	$ (1,572,047)
Reversal of deferred gain on adoption of ASU 2014-09			(302,895)
Loan discounts established on adoption of ASU 2014-09			$ 136,000

Note 1 - Organization

Note 1 - Organization	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	NOTE 1 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. The Company has elected to be taxed as a real estate investment trust (“REIT”) under the Internal Revenue Code of 1986, December 31, 2012. 100% 90%

Note 2 - Summary of Significant

Note 2 - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Significant Accounting Policies [Text Block]	NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES In the opinion of the management of the Company, the accompanying unaudited financial statements contain all adjustments, consisting of normal, recurring adjustments, necessary to present fairly the financial information included therein. Certain information and footnote disclosures presented in the annual consolidated financial statements are not 10 December 31, 2017 March 13, 2018. three six June 30, 2018 not December 31, 2018. 10 Basis of Presentation Princip les of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned taxable REIT subsidiaries (“TRSs”) and its majority- and wholly-owned limited liability companies. The Company is in the business of providing mortgage lending services and manages its business as one Certain reclassifications, not Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates are inherently imprecise and actual results could differ significantly from such estimates. Recently Issued Accounting Pronouncements In June 2016, 2016 13, 326 2016 13. 2016 13 2016 13 December 15, 2019, December 15, 2018. 2016 13 not may In February 2016, 2016 02, 842 2016 02, 2016 02 December 15, 2018, not 2014 09, not 2016 02 not Recently Adopted Accounting Pronouncements On January 1, 2018, 2017 01, 805 2017 01. 2017 01 2017 01 March 31, 2018 not On January 1, 2018, 2016 18, 230 2016 18 2016 18 March 31, 2018 On January 1, 2018, 2016 15, 230 2016 15 eight 2016 15 March 31, 2018 On January 1, 2018, 2014 09, 606” 606. not 606, 606, 2016 02, The Company adopted ASC 606 not January 1, 2018. January 1, 2018 606 $167,000 January 1, 2018 606 four two $303,000 two $136,000. On January 1, 2018, 2016 01, 825 10 2016 01 2016 01 not 1 2 3 4 2016 01 2016 01 March 31, 2018 13. Significant Accounting Policies The significant accounting policies used in the preparation of these interim consolidated financial statements are disclosed in the Company’s consolidated financial statements for the year ended December 31, 2017 2017 10 no six June 30, 2018, Real Estate Held for Sale The Company records a gain or loss from the sale of real estate when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of real estate to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction price is probable. Once these criteria are met, the real estate is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. This adjustment is based on management’s estimate of the fair value of the loan extended to the buyer to finance the sale.

Note 3 - Loans and Allowance fo

Note 3 - Loans and Allowance for Loan Losses	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Allowance for Credit Losses [Text Block]	NOTE 3 – LOANS AND ALLOWANCE FOR LOAN LOSSES Loans are generally stated at the principal amount outstanding, net of unamortized loan discounts and deferred loan fees which totaled approximately $501,000 $187,000 June 30, 2018, no December 31, 2017. second third ninety not not not April 1, 2018, 30% 30% 70% 9 Loans and the related accrued interest and advances are analyzed by management on a periodic basis for ultimate recovery. The allowance for loan losses is management’s estimate of probable credit losses inherent in the Company’s loan portfolio that have been incurred as of the balance sheet date. The allowance is established through a provision for loan losses which is charged to expense. Additions to the allowance are expected to maintain the adequacy of the total allowance after credit losses and loan growth. Credit exposures determined to be uncollectible are charged against the allowance. Cash received on previously charged off amounts is recorded as a recovery to the allowance. The overall allowance consists of two not Regardless of a loan type, a loan is considered impaired when, based on current information and events, management believes it is probable that the Company will be unable to collect all amounts due, including principal and interest, according to the contractual terms of the original agreement. 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 Commercial and Residential Real Estate Loans 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. The following tables show the changes in the allowance for loan losses by portfolio segment for the three six June 30, 2018 2017 June 30, 2018 December 31, 2017 2018 Commercial Residential Land Total Allowance for loan losses: Three Months Ended June 30, 201 8 Beginning balance $ 1,109,361 $ 227,185 $ 300,521 $ 1,637,067 Charge-offs — — — — Recoveries — — — — Provision 81,730 31,078 1,825 114,633 Ending Balance $ 1,191,091 $ 258,263 $ 302,346 $ 1,751,700 Six Months Ended June 30, 201 8 Beginning balance $ 1,069,458 $ 451,537 $ 306,811 $ 1,827,806 Charge-offs — (186,708 ) — (186,708 ) Recoveries — 76,234 — 76,234 Provision 121,633 (82,800 ) (4,465 ) 34,368 Ending balance $ 1,191,091 258,263 302,346 1,751,700 As of June 30, 2018 Ending balance: individually evaluated for impairment $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 1,191,091 $ 258,263 $ 302,346 $ 1,751,700 Ending balance $ 1,191,091 $ 258,263 $ 302,346 $ 1,751,700 Loans: Ending balance: individually evaluated for impairment $ 1,274,287 $ 6,512,053 $ — $ 7,786,340 Ending balance: collectively evaluated for impairment $ 150,600,433 $ 5,600,650 $ 5,052,950 $ 161,254,033 Ending balance $ 151,874,720 $ 12,112,703 $ 5,052,950 $ 169,040,373 2017 Commercial Residential Land Total Allowance for loan losses: Three Months Ended June 30, 201 7 Beginning balance $ 934,548 $ 1,209,355 $ 492,956 $ 2,636,859 Charge-offs — (179,648 ) — (179,648 ) Recoveries 27,000 — — 27,000 Provision 188,441 (12,691 ) (38,506 ) 137,244 Ending Balance $ 1,149,989 $ 1,017,016 $ 454,450 $ 2,621,455 Six Months Ended June 30, 201 7 Beginning balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Charge-offs — (287,647 ) — (287,647 ) Recoveries 27,000 — — 27,000 Provision 258,018 (26,655 ) (56,083 ) 175,280 Ending balance $ 1,149,989 $ 1,017,016 $ 454,450 $ 2,621,455 As of December 31 , 2017 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: 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 Ending balance $ 127,873,281 $ 13,170,795 $ 5,127,574 $ 146,171,650 The following tables show an aging analysis of the loan portfolio by the time monthly payments are past due as of June 30, 2018 December 31, 2017. 90 June 30, 2018 December 31, 2017. June 30, 2018 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Other Non- Accrual Loans Total Past Due Loans Current Loans Total Loans Commercial $ — $ — $ — $ 1,274,287 $ 1,274,287 $ 150,600,433 $ 151,874,720 Residential — 4,107,028 5,522,203 206,458 9,835,689 2,277,014 12,112,703 Land — — — — — 5,052,950 5,052,950 $ — $ 4,107,028 $ 5,522,203 $ 1,480,745 $ 11,109,976 $ 157,930,397 $ 169,040,373 The above table as of June 30, 2018 seven $8,432,000 $4,658,000 30 $3,774,000 90 December 31 , 201 7 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Other Non- Accrual Loans Total Past Due Loans Current Loans Total Loans Commercial $ — $ — $ — $ 1,212,851 $ 1,212,851 $ 126,660,430 $ 127,873,281 Residential 1,938,895 2,737,538 2,430,878 214,048 7,321,359 5,849,436 13,170,795 Land — — — — — 5,127,574 5,127,574 $ 1,938,895 $ 2,737,538 $ 2,430,878 $ 1,426,899 $ 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 The following tables show information related to impaired loans as of and for the three six June 30, 2018: As of June 30, 201 8 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial $ 1,284,898 $ 1,274,287 $ — Residential 6,551,789 6,512,053 — Land — — — $ 7,836,687 $ 7,786,340 $ — With an allowance recorded: Commercial $ — $ — $ — Residential — — — Land — — — $ — $ — $ — Total s : Commercial $ 1,284,898 $ 1,274,287 $ — Residential 6,551,789 6,512,053 — Land — — — $ 7,836,687 $ 7,786,340 $ — Three Months Ended June 30, 201 8 Six Months Ended June 30 , 201 8 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 1,274,313 $ 31,584 $ 1,258,649 $ 62,399 Residential 6,572,926 45,055 6,586,803 125,034 Land — — — — $ 7,847,239 $ 76,639 $ 7,845,452 $ 187,433 With an allowance recorded: Commercial $ — $ — $ — $ — Residential — — 228,653 — Land — — — — $ $ — $ 228,653 $ — Total s : Commercial $ 1,274,313 $ 31,584 $ 1,258,649 $ 62,399 Residential 6,572,926 45,055 6,815,456 125,034 Land — — — — $ 7,847,239 $ 76,639 $ 8,074,105 $ 187,433 The following tables show information related to impaired loans as of December 31, 2017 three six June 30, 2017: As of December 31 , 201 7 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial $ 1,222,499 $ 1,212,851 $ — Residential 6,610,216 6,505,469 — Land — — — $ 7,832,715 $ 7,718,320 $ — With an allowance recorded: Commercial $ — $ — $ — Residential 1,302,707 815,890 186,708 Land — — — $ 1,302,707 $ 815,890 $ 186,708 Total s : Commercial $ 1,222,499 $ 1,212,851 $ — Residential 7,912,923 7,321,359 186,708 Land — — — $ 9,135,422 $ 8,534,210 $ 186,708 Three Months Ended June 30, 2017 Six Months Ended June 30 , 201 7 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ — $ — Residential 222,526 4,912 224,284 9,893 Land — — — — $ 222,526 $ 4,912 $ 224,284 $ 9,893 With an allowance recorded: Commercial $ — $ — $ — $ — Residential 3,519,104 — 4,096,380 — Land — — — — $ 3,519,104 $ — $ 4,096,380 $ — Total s : Commercial $ — $ — $ — $ — Residential 3,741,630 4,912 4,320,664 9,893 Land — — — — $ 3,741,630 $ 4,912 $ 4,320,664 $ 9,893 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 with no may no Troubled Debt Restructurings The Company has allocated approximately $0 $187,000 $1,491,000 $2,739,000 June 30, 2018 December 31, 2017, not No three six June 30, 2018 2017, twelve three six June 30, 2018 2017.

Note 4 - Investment in Limited

Note 4 - Investment in Limited Liability Company	6 Months Ended
	Jun. 30, 2018
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 The Company received distributions from 1850 $ 80,000 three six June 30, 2018 $90,000 three six June 30, 2017. 1850 $48,000 $46,000 three June 30, 2018 2017, $79,000 $90,000 six June 30, 2018 2017,

Note 5 - Real Estate Held for S

Note 5 - Real Estate Held for Sale	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Real Estate Owned [Text Block]	NOTE 5 - REAL ESTATE HELD FOR SALE Real estate properties held for sale as of June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Residential $ 20,722,140 $ 24,627,710 Land 9,847,107 14,389,620 Retail 7,670,204 7,632,893 Golf course 1,999,449 1,999,449 Marina 2,207,675 2,207,675 Office 2,468,007 — Assisted care — 5,253,125 $ 44,914,582 $ 56,110,472 Transfers During the three June 30, 2018, four two one one $4,810,000 one six June 30, 2018, five two one two $6,725,000 not six June 30, 2018, one $6,561,000 no During the three June 30, 2017, two $382,000 one six June 30, 2017, three $1,844,000 two one one not Impairment Losses No three six June 30, 2018. three six June 30, 2017, $282,000 Sales During the three June 30, 2018, four two 1/7 th two $3,745,000 $570,000 $957,000. During the six June 30, 2018, the four $10,631,000 $5,406,000 $155,000. During the three June 30, 2017, six $51,206,000, $13,878,000. During the six June 30, 2017, one one $872,000, Foreclosure Activity There were no three six June 30, 2018 2017.

Note 6 - Real Estate Held for I

Note 6 - Real Estate Held for Investment	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Real Estate Held for Investment Disclosure [Text Block]	NOTE 6 - REAL ESTATE HELD FOR INVESTMENT Real estate held for investment as of June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Retail $ 16,309,334 $ 16,623,238 Land 6,561,023 2,018,068 Residential — 2,356,995 Office — 3,357,352 $ 22,870,357 $ 24,355,653 The balances of land and the major classes of depreciable property for real estate held for investment as of June 30, 2018 December 31, 2017 June 30, 2018 December 31, 2017 Land and land improvements $ 7,908,072 $ 5,112,063 Buildings and improvements 17,320,471 22,560,343 25,228,543 27,672,406 Less: Accumulated depreciation (2,358,186 ) (3,316,753 ) $ 22,870,357 $ 24,355,653 It is the Company’s intent to sell its real estate properties held for investment, but expected sales of these properties are not Depreciation expense was approximately $195,000 $289,000 three June 30, 2018 2017, $399,000 $584,000 six June 30, 2018 2017, Certain of the Company’s real estate properties held for sale and investment are leased to tenants under noncancellable leases with remaining terms ranging from one ten five June 30, 2018 Twelve months ending June 30: 2019 $ 2,927,913 2020 2,170,119 2021 1,722,656 2022 1,614,862 2023 1,361,771 Thereafter (through 2028) 1,695,350 Total $ 11,492,671

Note 7 - Line of Credit Payable

Note 7 - Line of Credit Payable	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Debt Disclosure [Text Block]	NOTE 7 The Company borrows funds under the revolving California Bank & Trust (“CB&T”) Line of Credit. As of June 30, 2018 December 31, 2017, As of June 30 , 201 8 As of December 31, 201 7 Outstanding Balance Total Current Commitment Outstanding Balance Total Current Commitment CB&T Line of Credit $ 29,612,700 $ 43,589,531 $ 1,555,000 $ 27,259,000 CB&T Line of Credit In February 2014, $75,000,000 $15,000,000 sixty September 1, 2018, not August 1, 2018). $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% 5.25% June 30, 2018), one 1.00% 6.00% June 30, 2018). 2.00%. $100,000 $177,000 June 30, 2018). $255,000 June 30, 2018). $225,000 $71,000 three June 30, 2018 2017, $0 $40,000, $343,000 $231,000 six June 30, 2018 2017, $27,000 $77,000, Borrowings are secured by certain assets of the Company. These collateral assets will include the grant to the lenders of first June 30, 2018, Loans: June 30 , 201 8 Commercial $ 87,144,471 Residential 513,107 Total $ 87,657,578 The CB&T Credit Facility agreements contain financial covenants which are customary for a loan of this type. Management is not June 30, 2018.

Note 8 - Notes and Loans Payabl

Note 8 - Notes and Loans Payable on Real Estate	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Mortgage Notes Payable Disclosure [Text Block]	NOTE 8 The Company had the following notes and loans payable outstanding as of June 30, 2018 December 31, 2017: June 30, 2018 Interest Rate December 31, 2017 Interest Rate Payment Terms/ Frequency Maturity Date Tahoe Stateline Venture, LLC Loan Payable $ 13,060,093 4.22 % $ 13,242,514 4.22 % Amortizing Monthly January 2021 Zalanta Construction Loan Payable 7,000,203 6.50 % 17,176,288 6.00 % Interest Only Monthly August 2018 Principal amount $ 20,060,296 $ 30,418,802 Less unamortized deferred financing costs (108,428 ) (226,369 ) Notes and loans payable, net $ 19,951,868 $ 30,192,433 The following table shows maturities by year on these notes and loans payable as of June 30, 2018: Twelve months ending June 30: 2019 $ 7,379,270 2020 395,376 2021 12,285,650 2022 — 2023 — Thereafter — $ 20,060,296 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 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. three June 30, 2018 2017, $147,000 $126,000, $9,000 $9,000, six June 30, 2018 2017, $294,000 $253,000, $18,000 $18,000, The TSV Loan documents contain financial covenants which are customary for loans of this type. Management is not June 30, 2018. 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% June 30, 2018 6.50%. five 5.0% Interest only payments are payable monthly from an established interest reserve. In addition, commencing on August 18, 2017 $6 July __, 2018, November 1, 2018 Borrowings are secured by: (i) a first $3,000,000 2017 $3,000,000 The Loan Agreement required the payment of an origination fee of $310,000 $400,000. three six June 30, 2018, $215,000 $485,000, $50,000 $100,000, three six June 30, 2017, $26,000 $76,000, three six June 30, 2017, $183,000 $472,000, three June 30, 2017, $165,000 $24,000 The ZRV Loan documents contain financial covenants which are customary for loans of this type. Management is not June 30, 2018.

Note 9 - Transactions With Affi

Note 9 - Transactions With Affiliates	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	NOTE 9 - TRANSACTIONS WITH AFFILIATES The Company is managed by OFG pursuant to the terms of our charter and the Management Agreement, as amended, between the Company and the Manager. Until July 1, 2017, not 2.75% 12 July 1, 2017 March 31, 2018, 1/12th 1.50% 10 December 31, 2017. April 1, 2018, “Amendment of Management Agreement” All of the Company’s loans are serviced by OFG, and until April 1, 2018, not 0.25% April 1, 2018, “Amendment of Management Agreement” Management fees amounted to approximately $730,000 $1,007,000 three June 30, 2018 2017, $1,468,000 $1,954,000 six June 30, 2018 2017, $0 $92,000 three June 30, 2018 2017, $95,000 $178,000 six June 30, 2018 2017, June 30, 2018 December 31, 2017, $237,000 $245,000, Until April 1, 2018, April 1, 2018, 30% 70% “Amendment to Management Agreement” $4,000 three June 30, 2018. $10,000 $8,000 three June 30, 2018 2017, $17,000 $22,000 six June 30, 2018 2017, The Company remits other miscellaneous fees to OFG, which are collected from loan payments, loan payoffs or advances from loan principal (i.e. funding, demand and partial release fees). The amounts paid to or collected by OFG for such fees totaled approximately $4,000 $6,000, three June 30, 2018 2017 $11,000 $10,000, six June 30, 2018 2017, OFG originates all loans the Company invests in and, until April 1, 2018, April 1, 2018, 30% 70% “Amendment to Management Agreement” $200,000 three six June 30, 2018 $14,000 three six June 30, 2018, $477,000 $1,314,000, $31,222,000 $80,974,000, three six June 30, 2017, $823,000 $1,351,000, $36,356,000 $63,011,000, OFG is reimbursed by the Company for the actual cost of goods, services and materials used for or by the Company and paid by OFG. Until April 1, 2018, “Amendment to Management Agreement” $0 $97,000 three June 30, 2018 2017, $105,000 $190,000 six June 30, 2018 2017, June 30, 2018 December 31, 2017, $0 $32,000 $0 $1,000 six June 30, 2018 2017, The Company paid Investor’s Yield, Inc. (a wholly owned subsidiary of OFG) less than $1,000 six June 30, 2018 2017. Amendment to Management Agreement April 1, 2018, No. 1 ● Reduced Management Fee one twelfth 1/12 1.50% first $300,000,000 1.25% $300,000,000. ● Company to Receive 30% thirty 30% thirty 30% seventy 70% ● Company to Receive 30% thirty 30% seventy 70% ● Elimination of Service Fees no ● Elimination of Certain Expense Reimbursements no

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	NOTE 10 – STOCKHOLDERS’ EQUITY Dividends On April 25, 2018, $0.20 June 29, 2018. July 13, 2018 $1,746,713. March 12, 2018, $0.16 March 30, 2018. April 13, 2018 $1,449,435. On June 13, 2017, $0.10 June 30, 2017. July 13, 2017 $1,024,748. March 16, 2017, $0.08 March 31, 2017. April 13, 2017 $819,798. Stock Repurchase Program 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 December 29, 2017 January 2018 $65,000 $16.18 2017 December 29, 2017. On March 12, 2018, 10b5 1 “2018 may $10 2018 2018 March 19, 2018 no 2018 March 18, 2019, may six June 30, 2018, 357,890 2018 $5,771,000 $16.12 128,367 July 2018 ( $2,174,000 $16.94

Note 11 - Contingency Reserves

Note 11 - Contingency Reserves	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Contingencies Disclosure [Text Block]	NOTE 1 1 – CONTINGENCY RESERVES 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 1/2% not The contingency reserves required per the charter as of June 30, 2018 December 31, 2017 $3,348,000 $3,464,000,

Note 12 - Income Taxes

Note 12 - Income Taxes	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Income Tax Disclosure [Text Block]	NOTE 12 The Company operates in such a manner as to qualify as a REIT, under the provisions of the Internal Revenue Code of 1986, 90% not 100% Taxable income from non-REIT activities managed through the Company's taxable REIT subsidiaries (“TRS”) (currently Lone Star Golf, Inc. and Zalanta Resort at the Village, LLC) is subject to federal, state and local income taxes. The Company did not three six June 30, 2018 2017 December 31, 2017 2016 not $1,062,000 June 30, 2018 2033 2038, 2018 not During 2016, two 75 $7,249,000 $15,450,000 December 31, 2016. 2017, $4,041,655 34% 21% 2018 December 22, 2017, The components of the income tax expense (benefit) as it relates to the Company’s taxable income (loss) from domestic TRSs during the three six June 30, 2018 2017 Three and Six Months Ended June 30, 2018 Federal State and Local Total Three Months: Change in valuation allowance $ 74,229 $ 24,685 $ 98,914 Other (86,293 ) (30,256 ) (116,549 ) Income tax expense (benefit) $ (12,064 ) $ (5,571 ) $ (17,635 ) Six Months: Change in valuation allowance $ 178,136 $ 59,239 $ 237,375 Other (64,706 ) (6,859 ) (71,565 ) Income tax expense (benefit) $ 113,430 $ 52,380 165,810 Three and Six Months Ended June 30 , 201 7 Federal State and Local Total Three Months: Change in valuation allowance $ 696,679 $ — $ 696,679 Other 99,193 28,291 127,484 Income tax expense (benefit) $ 795,872 $ 28,291 $ 824,163 Six Months: Change in valuation allowance $ 731,867 $ — $ 731,867 Other 64,005 18,255 82,260 Income tax expense (benefit) $ 795,872 $ 18,255 $ 814,127 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 three six June 30, 2018 2017: Three Months Ended Six Months Ended June 30, 201 8 June 30, 201 7 June 30, 201 8 June 30, 201 7 Tax (benefit) expense at Federal statutory rate $ (87,465 ) $ 125,748 $ (53,708 ) $ 87,149 State income tax expense, net of federal effect (4,402 ) 18,672 41,379 14,955 Other 3 (16,936 ) 3 (19,844 ) Change in valuation allowance - Federal 74,229 696,679 178,136 731,867 Income tax expense (benefit) $ (17,635 ) $ 824,163 $ 165,810 $ 814,127 Significant components of the Company’s deferred tax assets (liabilities) for its TRS entities are as follows as of June 30, 2018 December 31, 2017: Deferred tax assets (liabilities): June 30 , 2018 December 31, 201 7 Real estate basis differences $ 4,195,898 $ 4,255,681 Net operating losses 1,511,486 1,380,138 Total deferred tax assets 5,707,384 5,635,819 Valuation allowance (2,665,872 ) (2,428,497 ) Net deferred tax assets $ 3,041,512 $ 3,207,322 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 $2,666,000 $2,428,000 June 30, 2018 December 31, 2017, not $6,715,000 $1,449,000, June 30, 2018. $3,511,000 June 30, 2018; not not not 2036 2038, 2018 not

Note 13 - Fair Value

Note 13 - Fair Value	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Fair Value Disclosures [Text Block]	NOTE 1 3 – FAIR VALUE The Company discloses fair value of 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 nonrecurring basis. There were no Impaired Loans The Company does not may 310 10 35. third not June 30, 2018 December 31, 2017, third 820, 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 2 3 The following table presents information about the Company’s assets and liabilities measured at fair value on a nonrecurring basis as of June 30, 2018 December 31, 2017: Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs June 30, 201 8 Nonrecurring: Real estate properties: Commercial $ 2,207,675 $ $ $ 2,207,675 Land 1,911,505 — — 1,911,505 Total real estate properties $ 4,119,180 $ — $ — $ 4,119,180 December 31, 201 7 Nonrecurring Impaired loans: Residential $ 1,115,999 — $ — 1,115,999 Total impaired loans $ 1,115,999 $ — $ — $ 1,115,999 Real estate properties: Commercial $ 7,460,800 — $ — $ 7,460,800 Land 1,914,870 1,914,870 Total real estate properties $ 9,375,670 $ — $ — $ 9,375,670 There was no three six June 30, 2017. $0 $282,000 three June 30, 2018 2017, $0 $282,000 six June 30, 2018 2017, There were no June 30, 2018 December 31, 2017. three six June 30, 2018 2017, no 1 2. The following table presents quantitative information about Level 3 June 30, 2018 December 31, 2017: At June 30, 201 8 Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Real Estate Properties: Commercial $ 2,207,675 Appraisal Comparable Sales Adjustment (23.7)% to (11.6)% N/A Land 1,911,505 Appraisal Comparable Sales Adjustment (50.8)% to 21.9% N/A Estimate of Future Improvements 32.5% N/A At December 31, 201 7 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 Where only one one one The approximate carrying amounts and estimated fair values of financial instruments at June 30, 2018 December 31, 2017 Fair Value Measurements at June 30 , 201 8 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash, cash equivalents and restricted cash $ 5,607,000 $ 5,607,000 $ — $ — $ 5,607,000 Loans, net 167,289,000 — — 167,353,000 167,353,000 Investment in limited liability company 2,140,000 — — 7,711,000 7,711,000 Accrued interest and advances receivable 1,150,000 — — 1,150,000 1,150,000 Financial liabilities Accrued interest payable $ 207,000 $ — $ 161,000 $ 46,000 $ 207,000 Line of credit payable 29,613,000 — 29,613,000 — 29,613,000 Notes and loans payable 19,952,000 — 7,000,000 12,631,000 19,631,000 Fair Value Measurements at December 31, 2017 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash, cash equivalents and restricted cash $ 5,671,000 $ 5,671,000 $ — $ — $ 5,671,000 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 interest and advances receivables 1,459,000 — — 1,459,000 1,459,000 Financial liabilities Accrued interest payable $ 115,000 $ — $ 77,000 $ 38,000 $ 115,000 Line of credit payable 1,555,000 1,555,000 — 1,555,000 Notes and loans payable 30,192,000 — 17,176,000 13,233,000 30,409,000 The fair values of financial instruments in the above table as of June 30, 2018 December 31, 2017 2016 01 2

Note 14 - Commitments and Conti

Note 14 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	NOTE 1 4 - COMMITMENTS AND CONTINGENCIES Contractual Obligations As of June 30, 2018, $37,381,000 $4,398,000 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 15 - Subsequent Events

Note 15 - Subsequent Events	6 Months Ended
	Jun. 30, 2018
Notes to Financial Statements
Subsequent Events [Text Block]	NOTE 1 5 – SUBSEQUENT EVENTS As described above in Note 10, 128,367 July 2018 2018 $2,174,000 $16.94

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2018
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Princip les of Consolidation The consolidated financial statements include the accounts of the Company and its wholly-owned taxable REIT subsidiaries (“TRSs”) and its majority- and wholly-owned limited liability companies. The Company is in the business of providing mortgage lending services and manages its business as one Certain reclassifications, not
Use of Estimates, Policy [Policy Text Block]	Management Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting periods. Such estimates are inherently imprecise and actual results could differ significantly from such estimates.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements In June 2016, 2016 13, 326 2016 13. 2016 13 2016 13 December 15, 2019, December 15, 2018. 2016 13 not may In February 2016, 2016 02, 842 2016 02, 2016 02 December 15, 2018, not 2014 09, not 2016 02 not Recently Adopted Accounting Pronouncements On January 1, 2018, 2017 01, 805 2017 01. 2017 01 2017 01 March 31, 2018 not On January 1, 2018, 2016 18, 230 2016 18 2016 18 March 31, 2018 On January 1, 2018, 2016 15, 230 2016 15 eight 2016 15 March 31, 2018 On January 1, 2018, 2014 09, 606” 606. not 606, 606, 2016 02, The Company adopted ASC 606 not January 1, 2018. January 1, 2018 606 $167,000 January 1, 2018 606 four two $303,000 two $136,000. On January 1, 2018, 2016 01, 825 10 2016 01 2016 01 not 1 2 3 4 2016 01 2016 01 March 31, 2018 13. Significant Accounting Policies The significant accounting policies used in the preparation of these interim consolidated financial statements are disclosed in the Company’s consolidated financial statements for the year ended December 31, 2017 2017 10 no six June 30, 2018,
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale The Company records a gain or loss from the sale of real estate when control of the property transfers to the buyer, which generally occurs at the time of an executed deed. When the Company finances the sale of real estate to the buyer, the Company assesses whether the buyer is committed to perform their obligations under the contract and whether the collectability of the transaction price is probable. Once these criteria are met, the real estate is derecognized and the gain or loss on sale is recorded upon the transfer of control of the property to the buyer. In determining the gain or loss on the sale, the Company adjusts the transaction price and related gain (loss) on sale if a significant financing component is present. This adjustment is based on management’s estimate of the fair value of the loan extended to the buyer to finance the sale.

Note 3 - Loans and Allowance 23

Note 3 - Loans and Allowance for Loan Losses (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Allowance for Credit Losses on Financing Receivables [Table Text Block]	2018 Commercial Residential Land Total Allowance for loan losses: Three Months Ended June 30, 201 8 Beginning balance $ 1,109,361 $ 227,185 $ 300,521 $ 1,637,067 Charge-offs — — — — Recoveries — — — — Provision 81,730 31,078 1,825 114,633 Ending Balance $ 1,191,091 $ 258,263 $ 302,346 $ 1,751,700 Six Months Ended June 30, 201 8 Beginning balance $ 1,069,458 $ 451,537 $ 306,811 $ 1,827,806 Charge-offs — (186,708 ) — (186,708 ) Recoveries — 76,234 — 76,234 Provision 121,633 (82,800 ) (4,465 ) 34,368 Ending balance $ 1,191,091 258,263 302,346 1,751,700 As of June 30, 2018 Ending balance: individually evaluated for impairment $ — $ — $ — $ — Ending balance: collectively evaluated for impairment $ 1,191,091 $ 258,263 $ 302,346 $ 1,751,700 Ending balance $ 1,191,091 $ 258,263 $ 302,346 $ 1,751,700 Loans: Ending balance: individually evaluated for impairment $ 1,274,287 $ 6,512,053 $ — $ 7,786,340 Ending balance: collectively evaluated for impairment $ 150,600,433 $ 5,600,650 $ 5,052,950 $ 161,254,033 Ending balance $ 151,874,720 $ 12,112,703 $ 5,052,950 $ 169,040,373 2017 Commercial Residential Land Total Allowance for loan losses: Three Months Ended June 30, 201 7 Beginning balance $ 934,548 $ 1,209,355 $ 492,956 $ 2,636,859 Charge-offs — (179,648 ) — (179,648 ) Recoveries 27,000 — — 27,000 Provision 188,441 (12,691 ) (38,506 ) 137,244 Ending Balance $ 1,149,989 $ 1,017,016 $ 454,450 $ 2,621,455 Six Months Ended June 30, 201 7 Beginning balance $ 864,971 $ 1,331,318 $ 510,533 $ 2,706,822 Charge-offs — (287,647 ) — (287,647 ) Recoveries 27,000 — — 27,000 Provision 258,018 (26,655 ) (56,083 ) 175,280 Ending balance $ 1,149,989 $ 1,017,016 $ 454,450 $ 2,621,455 As of December 31 , 2017 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: 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 Ending balance $ 127,873,281 $ 13,170,795 $ 5,127,574 $ 146,171,650
Past Due Financing Receivables [Table Text Block]	June 30, 2018 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Other Non- Accrual Loans Total Past Due Loans Current Loans Total Loans Commercial $ — $ — $ — $ 1,274,287 $ 1,274,287 $ 150,600,433 $ 151,874,720 Residential — 4,107,028 5,522,203 206,458 9,835,689 2,277,014 12,112,703 Land — — — — — 5,052,950 5,052,950 $ — $ 4,107,028 $ 5,522,203 $ 1,480,745 $ 11,109,976 $ 157,930,397 $ 169,040,373 December 31 , 201 7 Loans 30-59 Days Past Due Loans 60-89 Days Past Due Loans 90 or More Days Past Due Other Non- Accrual Loans Total Past Due Loans Current Loans Total Loans Commercial $ — $ — $ — $ 1,212,851 $ 1,212,851 $ 126,660,430 $ 127,873,281 Residential 1,938,895 2,737,538 2,430,878 214,048 7,321,359 5,849,436 13,170,795 Land — — — — — 5,127,574 5,127,574 $ 1,938,895 $ 2,737,538 $ 2,430,878 $ 1,426,899 $ 8,534,210 $ 137,637,440 $ 146,171,650
Impaired Financing Receivables [Table Text Block]	As of June 30, 201 8 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial $ 1,284,898 $ 1,274,287 $ — Residential 6,551,789 6,512,053 — Land — — — $ 7,836,687 $ 7,786,340 $ — With an allowance recorded: Commercial $ — $ — $ — Residential — — — Land — — — $ — $ — $ — Total s : Commercial $ 1,284,898 $ 1,274,287 $ — Residential 6,551,789 6,512,053 — Land — — — $ 7,836,687 $ 7,786,340 $ — Three Months Ended June 30, 201 8 Six Months Ended June 30 , 201 8 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ 1,274,313 $ 31,584 $ 1,258,649 $ 62,399 Residential 6,572,926 45,055 6,586,803 125,034 Land — — — — $ 7,847,239 $ 76,639 $ 7,845,452 $ 187,433 With an allowance recorded: Commercial $ — $ — $ — $ — Residential — — 228,653 — Land — — — — $ $ — $ 228,653 $ — Total s : Commercial $ 1,274,313 $ 31,584 $ 1,258,649 $ 62,399 Residential 6,572,926 45,055 6,815,456 125,034 Land — — — — $ 7,847,239 $ 76,639 $ 8,074,105 $ 187,433 As of December 31 , 201 7 Recorded Investment Unpaid Principal Balance Related Allowance With no related allowance recorded: Commercial $ 1,222,499 $ 1,212,851 $ — Residential 6,610,216 6,505,469 — Land — — — $ 7,832,715 $ 7,718,320 $ — With an allowance recorded: Commercial $ — $ — $ — Residential 1,302,707 815,890 186,708 Land — — — $ 1,302,707 $ 815,890 $ 186,708 Total s : Commercial $ 1,222,499 $ 1,212,851 $ — Residential 7,912,923 7,321,359 186,708 Land — — — $ 9,135,422 $ 8,534,210 $ 186,708 Three Months Ended June 30, 2017 Six Months Ended June 30 , 201 7 Average Recorded Investment Interest Income Recognized Average Recorded Investment Interest Income Recognized With no related allowance recorded: Commercial $ — $ — $ — $ — Residential 222,526 4,912 224,284 9,893 Land — — — — $ 222,526 $ 4,912 $ 224,284 $ 9,893 With an allowance recorded: Commercial $ — $ — $ — $ — Residential 3,519,104 — 4,096,380 — Land — — — — $ 3,519,104 $ — $ 4,096,380 $ — Total s : Commercial $ — $ — $ — $ — Residential 3,741,630 4,912 4,320,664 9,893 Land — — — — $ 3,741,630 $ 4,912 $ 4,320,664 $ 9,893

Note 5 - Real Estate Held for24

Note 5 - Real Estate Held for Sale (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Properties Acquired Through Foreclosure [Table Text Block]	June 30, 2018 December 31, 2017 Residential $ 20,722,140 $ 24,627,710 Land 9,847,107 14,389,620 Retail 7,670,204 7,632,893 Golf course 1,999,449 1,999,449 Marina 2,207,675 2,207,675 Office 2,468,007 — Assisted care — 5,253,125 $ 44,914,582 $ 56,110,472

Note 6 - Real Estate Held for25

Note 6 - Real Estate Held for Investment (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Twelve months ending June 30: 2019 $ 2,927,913 2020 2,170,119 2021 1,722,656 2022 1,614,862 2023 1,361,771 Thereafter (through 2028) 1,695,350 Total $ 11,492,671
By Property [Member]
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	June 30, 2018 December 31, 2017 Retail $ 16,309,334 $ 16,623,238 Land 6,561,023 2,018,068 Residential — 2,356,995 Office — 3,357,352 $ 22,870,357 $ 24,355,653 June 30, 2018 December 31, 2017 Land and land improvements $ 7,908,072 $ 5,112,063 Buildings and improvements 17,320,471 22,560,343 25,228,543 27,672,406 Less: Accumulated depreciation (2,358,186 ) (3,316,753 ) $ 22,870,357 $ 24,355,653

Note 7 - Line of Credit Payab26

Note 7 - Line of Credit Payable (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Line of Credit Facilities [Table Text Block]	As of June 30 , 201 8 As of December 31, 201 7 Outstanding Balance Total Current Commitment Outstanding Balance Total Current Commitment CB&T Line of Credit $ 29,612,700 $ 43,589,531 $ 1,555,000 $ 27,259,000
Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]	Loans: June 30 , 201 8 Commercial $ 87,144,471 Residential 513,107 Total $ 87,657,578

Note 8 - Notes and Loans Paya27

Note 8 - Notes and Loans Payable on Real Estate (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Debt [Table Text Block]	June 30, 2018 Interest Rate December 31, 2017 Interest Rate Payment Terms/ Frequency Maturity Date Tahoe Stateline Venture, LLC Loan Payable $ 13,060,093 4.22 % $ 13,242,514 4.22 % Amortizing Monthly January 2021 Zalanta Construction Loan Payable 7,000,203 6.50 % 17,176,288 6.00 % Interest Only Monthly August 2018 Principal amount $ 20,060,296 $ 30,418,802 Less unamortized deferred financing costs (108,428 ) (226,369 ) Notes and loans payable, net $ 19,951,868 $ 30,192,433
Schedule of Maturities of Long-term Debt [Table Text Block]	Twelve months ending June 30: 2019 $ 7,379,270 2020 395,376 2021 12,285,650 2022 — 2023 — Thereafter — $ 20,060,296

Note 12 - Income Taxes (Tables)

Note 12 - Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Three and Six Months Ended June 30, 2018 Federal State and Local Total Three Months: Change in valuation allowance $ 74,229 $ 24,685 $ 98,914 Other (86,293 ) (30,256 ) (116,549 ) Income tax expense (benefit) $ (12,064 ) $ (5,571 ) $ (17,635 ) Six Months: Change in valuation allowance $ 178,136 $ 59,239 $ 237,375 Other (64,706 ) (6,859 ) (71,565 ) Income tax expense (benefit) $ 113,430 $ 52,380 165,810 Three and Six Months Ended June 30 , 201 7 Federal State and Local Total Three Months: Change in valuation allowance $ 696,679 $ — $ 696,679 Other 99,193 28,291 127,484 Income tax expense (benefit) $ 795,872 $ 28,291 $ 824,163 Six Months: Change in valuation allowance $ 731,867 $ — $ 731,867 Other 64,005 18,255 82,260 Income tax expense (benefit) $ 795,872 $ 18,255 $ 814,127
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	Three Months Ended Six Months Ended June 30, 201 8 June 30, 201 7 June 30, 201 8 June 30, 201 7 Tax (benefit) expense at Federal statutory rate $ (87,465 ) $ 125,748 $ (53,708 ) $ 87,149 State income tax expense, net of federal effect (4,402 ) 18,672 41,379 14,955 Other 3 (16,936 ) 3 (19,844 ) Change in valuation allowance - Federal 74,229 696,679 178,136 731,867 Income tax expense (benefit) $ (17,635 ) $ 824,163 $ 165,810 $ 814,127
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred tax assets (liabilities): June 30 , 2018 December 31, 201 7 Real estate basis differences $ 4,195,898 $ 4,255,681 Net operating losses 1,511,486 1,380,138 Total deferred tax assets 5,707,384 5,635,819 Valuation allowance (2,665,872 ) (2,428,497 ) Net deferred tax assets $ 3,041,512 $ 3,207,322

Note 13 - Fair Value (Tables)

Note 13 - Fair Value (Tables)	6 Months Ended
	Jun. 30, 2018
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements Using Fair Value Quoted Prices In Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs June 30, 201 8 Nonrecurring: Real estate properties: Commercial $ 2,207,675 $ $ $ 2,207,675 Land 1,911,505 — — 1,911,505 Total real estate properties $ 4,119,180 $ — $ — $ 4,119,180 December 31, 201 7 Nonrecurring Impaired loans: Residential $ 1,115,999 — $ — 1,115,999 Total impaired loans $ 1,115,999 $ — $ — $ 1,115,999 Real estate properties: Commercial $ 7,460,800 — $ — $ 7,460,800 Land 1,914,870 1,914,870 Total real estate properties $ 9,375,670 $ — $ — $ 9,375,670
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]	Description Fair Value Valuation Technique Significant Unobservable Inputs Input/Range Weighted Average Real Estate Properties: Commercial $ 2,207,675 Appraisal Comparable Sales Adjustment (23.7)% to (11.6)% N/A Land 1,911,505 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 $ 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
Fair Value, by Balance Sheet Grouping [Table Text Block]	Fair Value Measurements at June 30 , 201 8 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash, cash equivalents and restricted cash $ 5,607,000 $ 5,607,000 $ — $ — $ 5,607,000 Loans, net 167,289,000 — — 167,353,000 167,353,000 Investment in limited liability company 2,140,000 — — 7,711,000 7,711,000 Accrued interest and advances receivable 1,150,000 — — 1,150,000 1,150,000 Financial liabilities Accrued interest payable $ 207,000 $ — $ 161,000 $ 46,000 $ 207,000 Line of credit payable 29,613,000 — 29,613,000 — 29,613,000 Notes and loans payable 19,952,000 — 7,000,000 12,631,000 19,631,000 Fair Value Measurements at December 31, 2017 Carrying Value Level 1 Level 2 Level 3 Total Financial assets Cash, cash equivalents and restricted cash $ 5,671,000 $ 5,671,000 $ — $ — $ 5,671,000 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 interest and advances receivables 1,459,000 — — 1,459,000 1,459,000 Financial liabilities Accrued interest payable $ 115,000 $ — $ 77,000 $ 38,000 $ 115,000 Line of credit payable 1,555,000 1,555,000 — 1,555,000 Notes and loans payable 30,192,000 — 17,176,000 13,233,000 30,409,000

Note 1 - Organization (Details

Note 1 - Organization (Details Textual) - $ / shares	Jun. 30, 2018	Dec. 31, 2017	Aug. 09, 2012
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
Preferred Stock, Par or Stated Value Per Share	$ 0.01	$ 0.01
Potential Percentage Penalty Tax	100.00%
REIT Minimum Percent Distribution of Taxable Income	90.00%

Note 2 - Summary of Significa31

Note 2 - Summary of Significant Accounting Policies (Details Textual)	6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2017USD ($)
Number of Operating Segments	1
Reversal of Deferred Gain on Adoption of ASU 2014-09	$ 302,895
Loan Discounts Established on Adoption of ASU 2014-09	136,000
Retained Earnings [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption	$ 166,895
Retained Earnings [Member] | Accounting Standards Update 2014-09 [Member]
Cumulative Effect of New Accounting Principle in Period of Adoption			$ 167,000

Note 3 - Loans and Allowance 32

Note 3 - Loans and Allowance for Loan Losses (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017	Jun. 30, 2018USD ($)	Jun. 30, 2017	Apr. 01, 2018	Dec. 31, 2017USD ($)
Unamortized Loan Discounts	$ 501,000		$ 501,000			$ 0
Loan Fees	187,000		187,000			0
Financing Receivable, Recorded Investment, Current	157,930,397		157,930,397			137,637,440
Financing Receivable, Recorded Investment, Past Due, Total	11,109,976		11,109,976			8,534,210
Allowance for Loan and Lease Losses, Real Estate	1,751,700		1,751,700			1,827,806
Loans and Leases Receivable, Impaired, Commitment to Lend	$ 0		$ 0			0
Financing Receivable, Modifications, Number of Contracts	0	0	0	0
Financing Receivable, Modifications, Subsequent Default, Number of Contracts	0	0	0	0
Extended Maturity [Member]
Allowance for Loan and Lease Losses, Real Estate	$ 0		$ 0			187,000
Financing Receivable, Modifications, Recorded Investment	1,491,000		1,491,000			2,739,000
Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due, Total						1,938,895
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due, Total	5,522,203		5,522,203			2,430,878
Commercial Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Current	150,600,433		150,600,433			126,660,430
Financing Receivable, Recorded Investment, Past Due, Total	1,274,287		1,274,287			1,212,851
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due, Total
Commercial Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due, Total
Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Current	2,277,014		2,277,014			5,849,436
Financing Receivable, Recorded Investment, Past Due, Total	9,835,689		9,835,689			7,321,359
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due, Total						1,938,895
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Financing Receivable, Recorded Investment, Past Due, Total	5,522,203		5,522,203			2,430,878
Interest Payments only and In the process of being Extended, Paid Off or Refinanced [Member]
Financing Receivable, Recorded Investment, Current	8,432,000		8,432,000			7,585,000
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
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	4,658,000		4,658,000			3,000,000
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	$ 3,774,000		$ 3,774,000			1,585,000
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
Past Maturity Loans [Member] | Residential Portfolio Segment [Member]
Financing Receivable, Recorded Investment, Past Due, Total						$ 7,107,000
Owens Financial Group Inc. [Member]
Related Party Transaction, Percentage of Other Than Certain Administrative Fees Received					30.00%
Related Party Transaction, Percentage of Gross Loan Extension or Modification Fee Received					30.00%
Related Party Transaction, Management Fee					70.00%

Note 3 - Loans and Allowance 33

Note 3 - Loans and Allowance for Loan Losses - Allocation of the Allowance for Loan Losses (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017
Beginning balance	$ 1,637,067	$ 2,636,859	$ 1,827,806	$ 2,706,822
Charge-offs		(179,648)	(186,708)	(287,647)
Recoveries		27,000	76,234	27,000
Provision	114,633	137,244	34,368	175,280
Ending Balance	1,751,700	2,621,455	1,751,700	2,621,455
Ending balance: individually evaluated for impairment - allowance for loan losses						$ 186,708
Ending balance: collectively evaluated for impairment - allowance for loan losses					1,751,700	1,641,098
Ending balance - allowance for loan losses	1,637,067	2,636,859	1,751,700	2,621,455	1,751,700	1,827,806
Ending balance: individually evaluated for impairment - loans					7,786,340	8,534,210
Ending balance: collectively evaluated for impairment - loans					161,254,033	137,637,440
Ending balance - loans					169,040,373	146,171,650
Commercial Portfolio Segment [Member]
Beginning balance	1,109,361	934,548	1,069,458	864,971
Charge-offs
Recoveries		27,000		27,000
Provision	81,730	188,441	121,633	258,018
Ending Balance	1,191,091	1,149,989	1,191,091	1,149,989
Ending balance: individually evaluated for impairment - allowance for loan losses
Ending balance: collectively evaluated for impairment - allowance for loan losses					1,191,091	1,069,458
Ending balance - allowance for loan losses	1,109,361	934,548	1,191,091	1,149,989	1,191,091	1,069,458
Ending balance: individually evaluated for impairment - loans					1,274,287	1,212,851
Ending balance: collectively evaluated for impairment - loans					150,600,433	126,660,430
Ending balance - loans					151,874,720	127,873,281
Residential Portfolio Segment [Member]
Beginning balance	227,185	1,209,355	451,537	1,331,318
Charge-offs		(179,648)	(186,708)	(287,647)
Recoveries			76,234
Provision	31,078	(12,691)	(82,800)	(26,655)
Ending Balance	258,263	1,017,016	258,263	1,017,016
Ending balance: individually evaluated for impairment - allowance for loan losses						186,708
Ending balance: collectively evaluated for impairment - allowance for loan losses					258,263	264,829
Ending balance - allowance for loan losses	227,185	1,209,355	258,263	1,017,016	258,263	451,537
Ending balance: individually evaluated for impairment - loans					6,512,053	7,321,359
Ending balance: collectively evaluated for impairment - loans					5,600,650	5,849,436
Ending balance - loans					12,112,703	13,170,795
Land Portfolio Segment [Member]
Beginning balance	300,521	492,956	306,811	510,533
Charge-offs
Recoveries
Provision	1,825	(38,506)	(4,465)	(56,083)
Ending Balance	302,346	454,450	302,346	454,450
Ending balance: individually evaluated for impairment - allowance for loan losses
Ending balance: collectively evaluated for impairment - allowance for loan losses					302,346	306,811
Ending balance - allowance for loan losses	$ 300,521	$ 492,956	$ 302,346	$ 454,450	302,346	306,811
Ending balance: individually evaluated for impairment - loans
Ending balance: collectively evaluated for impairment - loans					5,052,950	5,127,574
Ending balance - loans					$ 5,052,950	$ 5,127,574

Note 3 - Loans and Allowance 34

Note 3 - Loans and Allowance for Loan Losses - Aging Analysis of the Loan Portfolio by the Time Past Due (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Past due loans	$ 11,109,976	$ 8,534,210
Current loans	157,930,397	137,637,440
Total Loans	169,040,373	146,171,650
Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans		1,938,895
Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans	4,107,028	2,737,538
Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans	5,522,203	2,430,878
Other Non-accrual Loans [Member]
Past due loans	1,480,745	1,426,899
Commercial Portfolio Segment [Member]
Past due loans	1,274,287	1,212,851
Current loans	150,600,433	126,660,430
Total Loans	151,874,720	127,873,281
Commercial Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans
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
Commercial Portfolio Segment [Member] | Other Non-accrual Loans [Member]
Past due loans	1,274,287	1,212,851
Residential Portfolio Segment [Member]
Past due loans	9,835,689	7,321,359
Current loans	2,277,014	5,849,436
Total Loans	12,112,703	13,170,795
Residential Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans		1,938,895
Residential Portfolio Segment [Member] | Financing Receivables, 60 to 89 Days Past Due [Member]
Past due loans	4,107,028	2,737,538
Residential Portfolio Segment [Member] | Financing Receivables, Equal to Greater than 90 Days Past Due [Member]
Past due loans	5,522,203	2,430,878
Residential Portfolio Segment [Member] | Other Non-accrual Loans [Member]
Past due loans	206,458	214,048
Land Portfolio Segment [Member]
Past due loans
Current loans	5,052,950	5,127,574
Total Loans	5,052,950	5,127,574
Land Portfolio Segment [Member] | Financing Receivables, 30 to 59 Days Past Due [Member]
Past due loans
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
Land Portfolio Segment [Member] | Other Non-accrual Loans [Member]
Past due loans

Note 3 - Loans and Allowance 35

Note 3 - Loans and Allowance for Loan Losses - Impaired Loans (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Recorded investment, with no related allowance	$ 7,836,687		$ 7,836,687		$ 7,832,715
Unpaid principal balance, with no related allowance	7,786,340		7,786,340		7,718,320
Recorded investment, with related allowance					1,302,707
Unpaid principal balance, with related allowance					815,890
Related allowance					186,708
Recorded investment	7,836,687		7,836,687		9,135,422
Unpaid principal balance	7,786,340		7,786,340		8,534,210
Average recorded investment, with no related allowance	7,847,239	$ 222,526	7,845,452	$ 224,284
Interest income recognized, with no related allowance	76,639	4,912	187,433	9,893
Average recorded investment, with related allowance		3,519,104	228,653	4,096,380
Interest income recognized, with related allowance
Average recorded investment	7,847,239	3,741,630	8,074,105	4,320,664
Interest income recognized	76,639	4,912	187,433	9,893
Commercial Portfolio Segment [Member]
Recorded investment, with no related allowance	1,284,898		1,284,898		1,222,499
Unpaid principal balance, with no related allowance	1,274,287		1,274,287		1,212,851
Recorded investment, with related allowance
Unpaid principal balance, with related allowance
Related allowance
Recorded investment	1,284,898		1,284,898		1,222,499
Unpaid principal balance	1,274,287		1,274,287		1,212,851
Average recorded investment, with no related allowance	1,274,313		1,258,649
Interest income recognized, with no related allowance	31,584		62,399
Average recorded investment, with related allowance
Interest income recognized, with related allowance
Average recorded investment	1,274,313		1,258,649
Interest income recognized	31,584		62,399
Residential Portfolio Segment [Member]
Recorded investment, with no related allowance	6,551,789		6,551,789		6,610,216
Unpaid principal balance, with no related allowance	6,512,053		6,512,053		6,505,469
Recorded investment, with related allowance					1,302,707
Unpaid principal balance, with related allowance					815,890
Related allowance					186,708
Recorded investment	6,551,789		6,551,789		7,912,923
Unpaid principal balance	6,512,053		6,512,053		7,321,359
Average recorded investment, with no related allowance	6,572,926	222,526	6,586,803	224,284
Interest income recognized, with no related allowance	45,055	4,912	125,034	9,893
Average recorded investment, with related allowance		3,519,104	228,653	4,096,380
Interest income recognized, with related allowance
Average recorded investment	6,572,926	3,741,630	6,815,456	4,320,664
Interest income recognized	45,055	4,912	125,034	9,893
Land Portfolio Segment [Member]
Recorded investment, with no related allowance
Unpaid principal balance, with no related allowance
Recorded investment, with related allowance
Unpaid principal balance, with related allowance
Related allowance
Recorded investment
Unpaid principal balance
Average recorded investment, with no related allowance
Interest income recognized, with no related allowance
Average recorded investment, with related allowance
Interest income recognized, with related allowance
Average recorded investment
Interest income recognized

Note 4 - Investment in Limite36

Note 4 - Investment in Limited Liability Company (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jul. 31, 2008
Proceeds from Equity Method Investment, Distribution			$ 79,500	$ 90,000
Income (Loss) from Equity Method Investments, Total			79,399	90,084
1850 [Member]
Number of Real Estate Properties					2
Number of Companies					2
Proceeds from Equity Method Investment, Distribution	$ 80,000	$ 90,000	80,000	90,000
Income (Loss) from Equity Method Investments, Total	$ 48,000	$ 46,000	$ 79,000	$ 90,000

Note 5 - Real Estate Held for37

Note 5 - Real Estate Held for Sale (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale	4		5	3
Real Estate Properties, Transfer to Held for Investment from Held for Sale	$ 4,810,000		$ 6,725,000	$ 1,844,000
Gain (Loss) on Transfers Between Held for Sale and Held for Investment			0	0
Impairment of Real Estate	0	$ 281,626	0	281,626
Gain (Loss) on Sale of Properties	957,239	13,877,715	1,111,815	13,877,534
Foreclosed Real Estate Expense	$ 0	$ 0	$ 0	$ 0
Office Property [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale	2		2
Number of Real Estate Properties Sold				1
Residential Property [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale	1		1
Land Property [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale	1	2	2	2
Real Estate Properties, Transfer to Held for Investment from Held for Sale		$ 382,000
Number of Real Estate Properties Transferred from Held for Sale to Held for Investment			1
Real Estate Properties, Transfer to Held for Sale from Held for Investment			$ 6,561,000
Number of Real Estate Properties Sold				1
Marinas [Member]
Number of Real Estate Properties Transferred from Held for Investment to Held for Sale				1
Marina Property Located in Bethel Island, California [Member]
Impairment of Real Estate		$ 282,000		$ 282,000
Office Condominium Complex, Roseville, California [Member]
Number of Real Estate Properties Sold	4
Condominium Units in South Lake Tahoe, California [Member]
Number of Real Estate Properties Sold	2
Real Estate in Roseville, California, Lincoln City, Oregon and South Lake Tahoe, California [Member]
Proceeds from Sale of Other Real Estate	$ 3,745,000
Note Receivable From Sale of Real Estate	$ 570,000
Condominium Property [Member]
Number of Real Estate Properties Sold		6	4
Proceeds from Sale of Other Real Estate		$ 51,206,000
Gain (Loss) on Sale of Properties		$ 13,878,000
Assisted Care Facility and Condominium Property [Member]
Proceeds from Sale of Other Real Estate			$ 10,631,000
Note Receivable From Sale of Real Estate			5,406,000
Gain (Loss) on Sale of Properties			$ 155,000
Real Estate Properties Sold during the Period [Member]
Proceeds from Sale of Other Real Estate				$ 872,000
Assisted Care Facility [Member]
Number of Real Estate Properties Sold			1

Note 5 - Real Estate Held for38

Note 5 - Real Estate Held for Sale - Properties Acquired Through Foreclosure (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Real estate held for sale	$ 44,914,582	$ 56,110,472
Residential [Member]
Real estate held for sale	20,722,140	24,627,710
Improved and Unimproved Land [Member]
Real estate held for sale	9,847,107	14,389,620
Retail Site [Member]
Real estate held for sale	7,670,204	7,632,893
Golf Course [Member]
Real estate held for sale	1,999,449	1,999,449
Marinas [Member]
Real estate held for sale	2,207,675	2,207,675
Office Building [Member]
Real estate held for sale	2,468,007
Assisted Care Facility [Member]
Real estate held for sale		$ 5,253,125

Note 6 - Real Estate Held for39

Note 6 - Real Estate Held for Investment (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Depreciation, Total	$ 195,000	$ 289,000	$ 399,000	$ 584,000
Minimum [Member]
Remaining Term on Lease			1 year
Maximum [Member]
Remaining Term on Lease			10 years

Note 6 - Real Estate Held for40

Note 6 - Real Estate Held for Investment - Real Estate Held for Investment (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Real estate held for investment	$ 22,870,357	$ 24,355,653
Land and land improvements	7,908,072	5,112,063
Buildings and improvements	17,320,471	22,560,343
Real estate held for investment, at cost	25,228,543	27,672,406
Less: Accumulated depreciation	(2,358,186)	(3,316,753)
Real estate held for investment, net of accumulated depreciation of $2,358,186 in 2018 and $3,316,753 in 2017	22,870,357	24,355,653
Retail Site [Member]
Real estate held for investment	16,309,334	16,623,238
Real estate held for investment, net of accumulated depreciation of $2,358,186 in 2018 and $3,316,753 in 2017	16,309,334	16,623,238
Improved and Unimproved Land [Member]
Real estate held for investment	6,561,023	2,018,068
Real estate held for investment, net of accumulated depreciation of $2,358,186 in 2018 and $3,316,753 in 2017	6,561,023	2,018,068
Residential [Member]
Real estate held for investment		2,356,995
Real estate held for investment, net of accumulated depreciation of $2,358,186 in 2018 and $3,316,753 in 2017		2,356,995
Office Building [Member]
Real estate held for investment		3,357,352
Real estate held for investment, net of accumulated depreciation of $2,358,186 in 2018 and $3,316,753 in 2017		$ 3,357,352

Note 6 - Real Estate Held for41

Note 6 - Real Estate Held for Investment - Future Minimum Rental Income From Noncancellable Operating Leases (Details)	Jun. 30, 2018USD ($)
2,019	$ 2,927,913
2,020	2,170,119
2,021	1,722,656
2,022	1,614,862
2,023	1,361,771
Thereafter (through 2028)	1,695,350
Total	$ 11,492,671

Note 7 - Line of Credit Payab42

Note 7 - Line of Credit Payable (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended
	Feb. 28, 2014	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Feb. 28, 2018
Interest Expense, Total		$ 586,799	$ 362,174	$ 1,122,705	$ 648,975
Non-interest Bearing Deposit Required Under CB&T Credit Facility [Member]
Restricted Cash and Cash Equivalents, Total	$ 3,500,000
CB&T and Other Lenders [Member] | CB & T Credit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity		$ 75,000,000		$ 75,000,000
Debt Instrument, Interest Rate, Stated Percentage		5.25%		5.25%
Interest Rate Increases Upon Default	2.00%
Debt Instrument, Origination Fee	$ 100,000
Debt Issuance Costs, Line of Credit Arrangements, Gross	$ 177,000	$ 255,000		$ 255,000
Interest Expense, Total		225,000	71,000	343,000	231,000
Amortization of Debt Issuance Costs		$ 0	$ 40,000	$ 27,000	$ 77,000
CB&T and Other Lenders [Member] | CB & T Credit Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	0.25%
CB&T and Other Lenders [Member] | Revolving Sublimit Facility [Member]
Line of Credit Facility, Maximum Borrowing Capacity						$ 15,000,000
Debt Instrument, Interest Rate, Stated Percentage		6.00%		6.00%
CB&T and Other Lenders [Member] | Revolving Sublimit Facility [Member] | Prime Rate [Member]
Debt Instrument, Basis Spread on Variable Rate	1.00%

Note 7 - Line of Credit Payab43

Note 7 - Line of Credit Payable - Credit Facilities (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Lines of credit payable	$ 29,612,700	$ 1,555,000
CB & T Credit Facility [Member]
Lines of credit payable	29,612,700	1,555,000
Lines of credit, commitment	$ 43,589,531	$ 27,259,000

Note 7 - Line of Credit Payab44

Note 7 - Line of Credit Payable - Loans Securing Credit Facility (Details) - CB & T Credit Facility [Member]	Jun. 30, 2018USD ($)
Carrying amount of loans securing CB&T Facility	$ 87,657,578
Commercial Loan [Member]
Carrying amount of loans securing CB&T Facility	87,144,471
Residential Real Estate [Member]
Carrying amount of loans securing CB&T Facility	$ 513,107

Note 8 - Notes and Loans Paya45

Note 8 - Notes and Loans Payable on Real Estate (Details Textual) - USD ($)	1 Months Ended	3 Months Ended		6 Months Ended		12 Months Ended
	Aug. 31, 2016	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Dec. 31, 2014	Aug. 18, 2017	Sep. 30, 2015
Interest Expense, Total		$ 586,799	$ 362,174	$ 1,122,705	$ 648,975
Repayments of Notes Payable				10,601,773	8,973,282
Debt Issuance Costs, Net, Total		$ 108,428		$ 108,428		$ 226,369
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%		4.22%			3.47%
Debt Instrument, Amortization Period				25 years
Debt Issuance Costs, Gross							$ 218,000
Interest Expense, Total		$ 147,000	126,000	$ 294,000	253,000
Amortization of Debt Issuance Costs		9,000	9,000	$ 18,000	18,000
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, Total		215,000	165,000	$ 485,000
Amortization of Debt Issuance Costs		$ 50,000	24,000	$ 100,000
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 Instrument, Interest Rate, Effective Percentage		6.50%		6.50%
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
Debt Agreement, Origination Fee Obligation	$ 310,000
Debt Issuance Costs, Net, Total	$ 400,000
Deferred Financing Costs, Capitalized			26,000		76,000
Interest Costs Capitalized			$ 183,000		$ 472,000
Loan Agreement [Member] | ZRV and ZRV II [Member] | Western Alliance Bank [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.00%
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 Paya46

Note 8 - Notes and Loans Payable on Real Estate - Notes and Loans Payable Outstanding (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Debt instrument, outstanding	$ 20,060,296	$ 30,418,802
Less unamortized deferred financing costs	(108,428)	(226,369)
Notes and loans payable, net	19,951,868	30,192,433
Tahoe Stateline Venture, LLC [Member] | TSV Credit Agreement [Member]
Debt instrument, outstanding	$ 13,060,093	$ 13,242,514
Debt Instrument, Interest Rate, Stated Percentage	4.22%	4.22%
Zalanta Resort at the Village, LLC [Member] | Loan Agreement [Member]
Debt instrument, outstanding	$ 7,000,203	$ 17,176,288
Debt Instrument, Interest Rate, Stated Percentage	6.50%	6.00%

Note 8 - Notes and Loans Paya47

Note 8 - Notes and Loans Payable on Real Estate - Notes and Loans Payable Maturities (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
2,019	$ 7,379,270
2,020	395,376
2,021	12,285,650
2,022
2,023
Thereafter
Total	$ 20,060,296	$ 30,418,802

Note 9 - Transactions With Af48

Note 9 - Transactions With Affiliates (Details Textual) - USD ($)	Apr. 01, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Dec. 31, 2017
Interim Management Fee, Input, Percentage of Opening Stockholders' Equity Balance						1.50%
Management Fee Expense		$ 730,353	$ 1,006,680	$ 1,467,715	$ 1,954,194
Professional and Contract Services Expense, Total		0	91,516	95,143	177,654
Due to Related Parties, Total		236,934		236,934		$ 236,934	$ 277,671
Late Fee Income Generated by Servicing Financial Assets, Amount		4,000
Proceeds from Loan Origination and Extension Fees		200,000		204,000
Amortization of Deferred Loan Origination Fees, Net		14,000		14,000
Loan Fees Earned by OFG		477,000	823,000	1,314,000	1,351,000
Owens Financial Group Inc. [Member]
Due to Related Parties, Total		0		0		0	32,000
Late Fee Income Generated by Servicing Financial Assets, Amount		10,000	8,000	17,000	22,000
Ancillary Fee Income Generated by Servicing Financial Assets, Amount		4,000	6,000	11,000	10,000
Loans Originated or Extended		31,222,000	36,356,000	80,974,000	63,011,000
Related Party Transaction, Amounts of Transaction		0	$ 97,000	105,000	190,000
Interim Management Fee, Input, Percentage Stockholders' Equity Balance, First $300,000,000	1.50%
Interim Management Fee, Input, Percentage Stockholders' Equity Balance, After $300,000,000	1.25%
Related Party Transaction, Percentage of Gross Loan Fees Received	30.00%
Related Party Transaction, Percentage of Gross Loan Extension or Modification Fee Received	30.00%
Related Party Transaction, Management Fee	70.00%
Related Party Transaction, Late Payment Fee Received	30.00%
Related Party Transaction, Late Payment Fee	70.00%
OFG Officers [Member]
Related Party Transaction, Amounts of Transaction				0	1,000
Investors Yield Inc. [Member] | Maximum [Member]
Related Party Transaction, Amounts of Transaction				$ 1,000	$ 1,000
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, Total		$ 237,000		$ 237,000		$ 237,000	$ 245,000

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Details Textual) - USD ($)	Jul. 13, 2018	Apr. 25, 2018	Apr. 13, 2018	Mar. 12, 2018	Jul. 13, 2017	Jun. 13, 2017	Apr. 13, 2017	Mar. 16, 2017	Jul. 31, 2018	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017	Jun. 09, 2017
Common Stock, Dividends, Per Share, Declared		$ 0.20		$ 0.16		$ 0.10		$ 0.08		$ 0.20	$ 0.10	$ 0.36	$ 0.18
Dividends, Total			$ 1,449,435		$ 1,024,748		$ 819,798
The 2017 Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount															$ 10,000,000
Treasury Stock, Shares, Acquired												4,000		341,086
Treasury Stock, Value, Acquired, Cost Method												$ 65,000		$ 5,820,000
Treasury Stock Acquired, Average Cost Per Share												$ 16.18		$ 17.06
The 2018 Repurchase Plan [Member]
Stock Repurchase Program, Authorized Amount				$ 10,000,000
Treasury Stock, Shares, Acquired												357,890
Treasury Stock, Value, Acquired, Cost Method												$ 5,771,000
Treasury Stock Acquired, Average Cost Per Share												$ 16.12
Subsequent Event [Member]
Dividends, Total	$ 1,746,713
Subsequent Event [Member] | The 2018 Repurchase Plan [Member]
Treasury Stock, Shares, Acquired									128,367
Treasury Stock, Value, Acquired, Cost Method									$ 2,174,000
Treasury Stock Acquired, Average Cost Per Share									$ 16.94

Note 11 - Contingency Reserves

Note 11 - Contingency Reserves (Details Textual) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Contingency Reserves as a Percent of Capital	1.50%
Contingency Reserves [Member]
Restricted Cash and Cash Equivalents, Total	$ 3,348,000	$ 3,464,000

Note 12 - Income Taxes (Details

Note 12 - Income Taxes (Details Textual)	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2018	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)
Deferred Tax Assets, Net, Total							$ 7,249,000
Deferred Tax Assets, Real Estate, Difference Between Book Value and Tax Basis							15,450,000
Income Tax Expense (Benefit), Total	$ (17,635)	$ 824,163	$ 165,810	$ 814,127
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent						34.00%
Deferred Tax Assets, Valuation Allowance, Total	2,665,872		2,665,872			$ 2,428,497
Deferred Tax Assets, Operating Loss Carryforwards, Total	1,511,486		1,511,486			1,380,138
Federal and State NOLs in ZRV [Member]
Deferred Tax Assets, Valuation Allowance, Total	2,666,000		2,666,000			2,428,000
Lone Star Golf, Inc., Zalanta Resort and East G, LLC [Member]
Current Income Tax Expense (Benefit), Total	0	$ 0	0	$ 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, Total	1,062,000		1,062,000
Lone Star Golf, Inc., Zalanta Resort and East G, LLC [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards, Total	1,062,000		1,062,000
Zalanta [Member]
Number of Real Estate Properties Sold							2
Income Tax Expense (Benefit), Total						$ 4,041,655
Baldwin Ranch Subdivision, LLC [Member]
Number of Real Estate Properties							75
Zalanta Resort at the Village, LLC [Member] | State and Local Jurisdiction [Member] | California Franchise Tax Board [Member]
Operating Loss Carryforwards, Total	1,449,000		1,449,000
Zalanta Resort at the Village, LLC [Member] | State and Local Jurisdiction [Member] | Arizona Department of Revenue [Member]
Operating Loss Carryforwards, Total	3,511,000		3,511,000
Deferred Tax Assets, Operating Loss Carryforwards, Total	0		0
Zalanta Resort at the Village, LLC [Member] | Domestic Tax Authority [Member] | Internal Revenue Service (IRS) [Member]
Operating Loss Carryforwards, Total	$ 6,715,000		$ 6,715,000
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%
Scenario, Forecast [Member]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent					21.00%

Note 12 - Income Taxes - Income

Note 12 - Income Taxes - Income Tax Expense (Benefit) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Change in valuation allowance, federal	$ 74,229	$ 696,679	$ 178,136	$ 731,867
Change in valuation allowance, state and local	24,685		59,239
Change in valuation allowance	98,914	696,679	237,375	731,867
Other, federal	(86,293)	99,193	(64,706)	64,005
Other, state and local	(30,256)	28,291	(6,859)	18,255
Other	(116,549)	127,484	(71,565)	82,260
Income tax expense (benefit), federal	(12,064)	795,872	113,430	795,872
Income tax expense (benefit), state and local	(5,571)	28,291	52,380	18,255
Income Tax Expense (Benefit), Total	$ (17,635)	$ 824,163	$ 165,810	$ 814,127

Note 12 - Income Taxes - Reconc

Note 12 - Income Taxes - Reconciliation of Income Tax (Benefit) Provision (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017
Tax (benefit) expense at Federal statutory rate	$ (87,465)	$ 125,748	$ (53,708)	$ 87,149
State income tax expense, net of federal effect	(4,402)	18,672	41,379	14,955
Other	3	(16,936)	3	(19,844)
Change in valuation allowance - Federal	74,229	696,679	178,136	731,867
Income tax expense (benefit)	$ (17,635)	$ 824,163	$ 165,810	$ 814,127

Note 12 - Income Taxes - Deferr

Note 12 - Income Taxes - Deferred Tax Assets (Liabilities) (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Real estate basis differences	$ 4,195,898	$ 4,255,681
Net operating losses	1,511,486	1,380,138
Total deferred tax assets	5,707,384	5,635,819
Valuation allowance	(2,665,872)	(2,428,497)
Net deferred tax assets	$ 3,041,512	$ 3,207,322

Note 13 - Fair Value (Details T

Note 13 - Fair Value (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2017
Impairment of Real Estate	$ 0	$ 281,626	$ 0	$ 281,626
Fair Value, Measurements, Recurring [Member]
Assets, Fair Value Disclosure	0		0
Financial and Nonfinancial Liabilities, Fair Value Disclosure	0		0
Fair Value, Measurements, Nonrecurring [Member]
Financial and Nonfinancial Liabilities, Fair Value Disclosure	$ 0		$ 0		$ 0

Note 13 - Fair Value - Assets a

Note 13 - Fair Value - Assets and Liabilities Measured at Fair Value on a Nonrecurring Basis (Details) - Fair Value, Measurements, Nonrecurring [Member] - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Real estate, fair value	$ 4,119,180	$ 9,375,670
Impaired loans, fair value		1,115,999
Fair Value, Inputs, Level 1 [Member]
Real estate, fair value
Impaired loans, fair value
Fair Value, Inputs, Level 2 [Member]
Real estate, fair value
Impaired loans, fair value
Fair Value, Inputs, Level 3 [Member]
Real estate, fair value	4,119,180	9,375,670
Impaired loans, fair value		1,115,999
Commercial Portfolio Segment [Member]
Real estate, fair value	2,207,675	7,460,800
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Real estate, fair value
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Real estate, fair value
Commercial Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Real estate, fair value	2,207,675	7,460,800
Land Portfolio Segment [Member]
Real estate, fair value	1,911,505	1,914,870
Land Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Real estate, fair value
Land Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Real estate, fair value
Land Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Real estate, fair value	$ 1,911,505	1,914,870
Residential Portfolio Segment [Member]
Impaired loans, fair value		1,115,999
Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 1 [Member]
Impaired loans, fair value
Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 2 [Member]
Impaired loans, fair value
Residential Portfolio Segment [Member] | Fair Value, Inputs, Level 3 [Member]
Impaired loans, fair value		$ 1,115,999

Note 13 - Fair Value - Level 3

Note 13 - Fair Value - Level 3 Fair Value Measurements for Financial Instruments (Details) - Fair Value, Measurements, Nonrecurring [Member]	Jun. 30, 2018USD ($)	Dec. 31, 2017USD ($)
Real estate, fair value	$ 4,119,180	$ 9,375,670
Impaired loans, fair value		1,115,999
Commercial Portfolio Segment [Member]
Real estate, fair value	2,207,675	7,460,800
Commercial Portfolio Segment [Member] | Valuation, Cost Approach [Member]
Real estate, fair value	$ 2,207,675	$ 7,460,800
Commercial Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member]
Real estate, measurement input	(0.237)	(0.237)
Commercial Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member]
Real estate, measurement input	(0.116)	(0.116)
Commercial Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Weighted Average [Member] | Measurement Input, Comparability Adjustment [Member]
Real estate, measurement input		(0.135)
Residential Portfolio Segment [Member]
Impaired loans, fair value		$ 1,115,999
Residential Portfolio Segment [Member] | Valuation, Market Approach [Member]
Impaired loans, fair value		$ 1,115,999
Residential Portfolio Segment [Member] | Valuation, Market Approach [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member]
Impaired loans, measurement input		(0.046)
Residential Portfolio Segment [Member] | Valuation, Market Approach [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member]
Impaired loans, measurement input		0.042
Land Portfolio Segment [Member]
Real estate, fair value	$ 1,911,505	$ 1,914,870
Land Portfolio Segment [Member] | Valuation, Cost Approach [Member]
Real estate, fair value	$ 1,911,505	$ 1,914,870
Land Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Measurement Input, Estimate of Future Improvements [Member]
Real estate, measurement input	0.325	0.325
Land Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Minimum [Member] | Measurement Input, Comparability Adjustment [Member]
Real estate, measurement input	(0.508)	(0.508)
Land Portfolio Segment [Member] | Valuation, Cost Approach [Member] | Maximum [Member] | Measurement Input, Comparability Adjustment [Member]
Real estate, measurement input	0.219	0.219

Note 13 - Fair Value - Carrying

Note 13 - Fair Value - Carrying Amounts and Estimated Fair Values of Financial Instruments (Details) - USD ($)	Jun. 30, 2018	Dec. 31, 2017
Fair Value, Inputs, Level 1 [Member]
Cash, cash equivalents and restricted cash	$ 5,607,000	$ 5,671,000
Loans, net
Investment in limited liability company
Accrued interest and advances receivable
Accrued interest payable
Line of credit payable
Notes and loans payable
Fair Value, Inputs, Level 2 [Member]
Cash, cash equivalents and restricted cash
Loans, net
Investment in limited liability company
Accrued interest and advances receivable
Accrued interest payable	161,000	77,000
Line of credit payable	29,613,000	1,555,000
Notes and loans payable	7,000,000	17,176,000
Fair Value, Inputs, Level 3 [Member]
Cash, cash equivalents and restricted cash
Loans, net	167,353,000	144,255,000
Investment in limited liability company	7,711,000	4,819,000
Accrued interest and advances receivable	1,150,000	1,459,000
Accrued interest payable	46,000	38,000
Line of credit payable
Notes and loans payable	12,631,000	13,233,000
Reported Value Measurement [Member]
Cash, cash equivalents and restricted cash	5,607,000	5,671,000
Loans, net	167,289,000	144,344,000
Investment in limited liability company	2,140,000	2,141,000
Accrued interest and advances receivable	1,150,000	1,459,000
Accrued interest payable	207,000	115,000
Line of credit payable	29,613,000	1,555,000
Notes and loans payable	19,952,000	30,192,000
Estimate of Fair Value Measurement [Member]
Cash, cash equivalents and restricted cash	5,607,000	5,671,000
Loans, net	167,353,000	144,255,000
Investment in limited liability company	7,711,000	4,819,000
Accrued interest and advances receivable	1,150,000	1,459,000
Accrued interest payable	207,000	115,000
Line of credit payable	29,613,000	1,555,000
Notes and loans payable	$ 19,631,000	$ 30,409,000

Note 14 - Commitments and Con59

Note 14 - Commitments and Contingencies (Details Textual)	Jun. 30, 2018USD ($)
Contractual Obligation, Total	$ 37,381,000
Interest Reserves [Member]
Contractual Obligation, Total	$ 4,398,000

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - The 2018 Repurchase Plan [Member] - USD ($)	1 Months Ended	6 Months Ended
	Jul. 31, 2018	Jun. 30, 2018
Treasury Stock, Shares, Acquired		357,890
Treasury Stock, Value, Acquired, Cost Method		$ 5,771,000
Treasury Stock Acquired, Average Cost Per Share		$ 16.12
Subsequent Event [Member]
Treasury Stock, Shares, Acquired	128,367
Treasury Stock, Value, Acquired, Cost Method	$ 2,174,000
Treasury Stock Acquired, Average Cost Per Share	$ 16.94