HMG Courtland Properties (HMG) 10-K10 Mar 142013 FY Annual reportFinancial data

Company Profile

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
Document And Entity Information (USD $)	Dec. 31, 2013	Mar. 10, 2014	Jun. 30, 2013
Document and Entity Information [Abstract]	'	'	'
Entity Registrant Name	'HMG COURTLAND PROPERTIES INC	'	'
Entity Central Index Key	'0000311817	'	'
Trading Symbol	'hmg	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Entity Common Stock, Shares Outstanding	'	1,048,926	'
Entity Public Float	'	'	$7,002,684
Document Type	'10-K	'	'
Document Period End Date	31-Dec-13	'	'
Amendment Flag	'false	'	'
Document Fiscal Year Focus	'2013	'	'
Document Fiscal Period Focus	'FY	'	'

BALANCE_SHEETS

BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investment properties, net of accumulated depreciation:	'	'
Office building and other commercial property	$809,905	$826,061
Total investment properties, net	809,905	826,061
Cash and cash equivalents	17,655,568	1,510,773
Assets associated with real estate interest held for resale	'	18,098,789
Investments in marketable securities	4,722,597	2,158,330
Other investments	3,304,336	3,603,655
Investment in affiliate	2,445,891	2,547,572
Loans, notes and other receivables	1,408,150	295,562
Notes and advances due from related parties	'	696,909
Deferred taxes	'	698,000
Other assets	32,773	36,731
TOTAL ASSETS	30,379,220	30,472,382
LIABILITIES	'	'
Note payable to affiliate	2,502,891	2,814,379
Accounts payable, accrued expenses and other liabilities	202,552	46,550
Amounts due to the Adviser	2,095,701	'
Current income tax payable	1,592,716	'
Deferred income tax payable	217,000	'
Obligations associated with real estate interest held for resale	'	13,383,821
TOTAL LIABILITIES	6,610,860	16,244,750
COMMITMENTS AND CONTINGENCIES	'	'
STOCKHOLDERS' EQUITY	'	'
Additional paid-in capital	24,230,844	24,129,031
Undistributed gains from sales of properties, net of losses	53,754,659	41,572,120
Undistributed losses from operations	-55,547,873	-54,377,617
Accumulated other comprehensive loss	'	-982,500
Total stockholders' equity	23,486,556	11,310,560
Non controlling interest	281,804	2,917,072
TOTAL STOCKHOLDERS' EQUITY	23,768,360	14,227,632
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	30,379,220	30,472,382
Common Stock	'	'
STOCKHOLDERS' EQUITY	'	'
Common stock value issued	'	'
Common Class B	'	'
STOCKHOLDERS' EQUITY	'	'
Common stock value issued	$1,048,926	$969,526

BALANCE_SHEETS_Parentheticals

BALANCE SHEETS (Parentheticals) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Common Stock	'	'
Common stock par value (in dollars per share)	$1	$1
Common stock, shares authorized	100,000	100,000
Common stock, shares issued	'	'
Common Class B	'	'
Common stock par value (in dollars per share)	$1	$1
Common stock, shares authorized	1,200,000	1,200,000
Common stock, shares issued	1,048,926	969,526
Common stock, shares outstanding	1,048,926	969,526

CONSOLIDATED_STATEMENTS_OF_COM

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	12 Months Ended
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)	Dec. 31, 2013	Dec. 31, 2012
REVENUES	'	'
Real estate rentals and related revenue	$64,142	$64,340
Total revenues	64,142	64,340
Operating expenses:	'	'
Rental and other properties	73,983	105,216
Adviser's base fee	1,020,000	1,020,000
General and administrative	324,852	341,798
Professional fees and expenses	173,439	111,811
Directors' fees and expenses	108,620	92,489
Depreciation expense	16,156	16,156
Interest expense	88,427	102,084
Total expenses	1,805,477	1,789,554
Loss before other income and income taxes	-1,741,335	-1,725,214
Net realized and unrealized gains from investments in marketable securities	144,219	120,696
Net income from other investments	248,709	400,751
Other than temporary impairment losses from other investments	-50,000	-27,666
Interest, dividend and other income	231,864	143,677
Total other income	574,792	637,458
Loss before income taxes	-1,166,543	-1,087,756
Benefit from income taxes	'	-66,000
Loss from continuing operations	-1,166,543	-1,021,756
Income from discontinued operations, net of tax and incentive fee	16,439,449	1,122,167
Net income	15,272,906	100,411
Noncontrolling interest in continuing operations	-3,713	-3,033
Noncontrolling interest in discontinued operations	-93,206	-91,067
Net income attributable to the noncontrolling interest	-96,919	-94,100
Net income attributable to the Company	15,175,987	6,311
Amounts attributable to the Company	'	'
Continuing operations	-1,170,256	-1,024,789
Discontinued operations	16,346,243	1,031,100
Net income attributable to the Company	15,175,987	6,311
Weighted average common shares outstanding-basic (in shares)	1,004,599	1,001,593
Weighted average common shares outstanding-diluted (in shares)	1,006,067	1,001,593
Net income (loss) per common share:	'	'
Continuing operations-basic (in dollars per share)	($1.16)	($1.02)
Continuing operations-diluted (in dollars per share)	($1.16)	($1.02)
Discontinued operations-basic (in dollars per share)	$16.27	$1.03
Discontinued operations-diluted (in dollars per share)	$16.25	$1.03
Basic income per share (in dollars per share)	$15.11	$0.01
Diluted income per share (in dollars per share)	$15.08	$0.01
Other comprehensive income:	'	'
Unrealized gain on interest rate swap agreement	982,500	5,000
Total other comprehensive income	982,500	5,000
Comprehensive income	$16,158,487	$11,311

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (USD $)	Common Stock	Additional Paid-In Capital	Undistributed Gains from Sales of Properties Net of Losses	Undistributed Losses from Operations	Accumulated Other Comprehensive Loss	Treasury Stock	Total
Balance at Dec. 31, 2011	$1,023,955	$24,366,099	$41,572,120	($54,383,928)	($987,500)	($60,388)	$11,530,358
Balance (in shares) at Dec. 31, 2011	1,023,955	'	'	'	'	13,529	'
Net income (Loss)	'	'	'	6,311	'	'	6,311
Unrealized gain on interest rate swap agreement	'	'	'	'	5,000	'	5,000
Non-employee stock option compensation	'	12,211	'	'	'	'	12,211
Purchase of treasury stock	'	'	'	'	'	-243,320	-243,320
Purchase of treasury stock (in shares)	'	'	'	'	'	40,900	'
Treasury stock retired	-54,429	-249,279	'	'	'	303,708	'
Treasury stock retired (in shares)	-54,429	'	'	'	'	-54,429	'
Balance at Dec. 31, 2012	969,526	24,129,031	41,572,120	-54,377,617	-982,500	'	11,310,560
Balance (in shares) at Dec. 31, 2012	969,526	'	'	'	'	'	'
Net income (Loss)	'	'	16,346,243	-1,170,256	'	'	15,175,987
Dividend paid - $4.00 per share	'	'	-4,163,704	'	'	'	-4,163,704
Reversal of unrealized loss on interest rate swap contract	'	'	'	'	982,500	'	982,500
Non-employee stock option compensation	'	20,498	'	'	'	'	20,498
Stock options exercised	97,100	388,420	'	'	'	'	485,520
Stock options exercised (in shares)	97,100	'	'	'	'	'	97,100
Treasury stock from stock option reloads	'	'	'	'	'	-324,805	-324,805
Treasury stock from stock option reloads (in shares)	'	'	'	'	'	17,700	'
Treasury stock retired	-17,700	-307,105	'	'	'	324,805	'
Treasury stock retired (in shares)	-17,700	'	'	'	'	-17,700	'
Balance at Dec. 31, 2013	$1,048,926	$24,230,844	$53,754,659	($55,547,873)	'	'	$23,486,556
Balance (in shares) at Dec. 31, 2013	1,048,926	'	'	'	'	'	'

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	Dec. 31, 2013	Dec. 31, 2012
CASH FLOWS FROM OPERATING ACTIVITIES:	'	'
Net income attributable to the Company	$15,175,987	$6,311
Adjustments to reconcile net income attributable to the Company to net cash (used in) provided by operating activities:	'	'
Depreciation expense	16,156	898,985
Non-employee stock compensation	20,498	12,211
Net income from other investments, excluding impairment losses	-248,709	-400,750
Other than temporary impairment loss from other investments	50,000	27,666
Gain from sale of discontinued operations	-16,346,243	'
Net gain from investments in marketable securities	-144,219	-120,696
Net gain attributable to non controlling interest	3,713	94,046
Deferred income tax benefit	'	-66,000
Provision for bad debts	'	100,000
Changes in assets and liabilities:	'	'
Other assets and other receivables	-205,746	-27,637
Accounts payable, accrued expenses and other liabilities	156,003	-193,784
Total adjustments	-16,698,547	324,041
Net cash (used in) provided by operating activities	-1,522,560	330,352
CASH FLOWS FROM INVESTING ACTIVITIES:	'	'
Proceeds from sales of discontinued operations	23,030,262	'
Purchases and improvements of properties	'	-353,126
Proceeds from collections of notes and advances from related parties	696,909	'
Proceeds from collections of mortgage loans and notes receivables	75,000	'
Distributions from other investments	516,764	661,655
Contributions to other investments	-135,750	-244,327
Net proceeds from sales and redemptions of securities	1,305,944	1,271,707
Increased investments in marketable securities	-3,703,313	-1,217,278
Distribution from affiliate	196,016	196,016
Net cash provided by investing activities	21,981,832	314,647
CASH FLOWS FROM FINANCING ACTIVITIES:	'	'
Dividend paid	-4,163,704	'
Repayment of mortgages and notes payables	-311,488	-830,775
Proceeds from stock options exercised	160,715	'
Purchase of treasury stock	'	-243,320
Net cash used in financing activities	-4,314,477	-1,074,095
Net increase (decrease) in cash and cash equivalents	16,144,795	-429,096
Cash and cash equivalents at beginning of the year	1,510,773	2,366,363
Cash and cash equivalents at end of the year	17,655,568	1,510,773
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:	'	'
Cash paid during the year for interest	88,000	747,000
Cash paid during the year for income taxes	'	'
Non-cash Investing Activities:	'	'
Note receivable received for sales of discontinued operations	$1,000,000	'

DESCRIPTION_OF_BUSINESS_AND_SU

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	'

	1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	Business and Consolidation. The consolidated financial statements include the accounts of HMG/Courtland Properties, Inc. (“we” or the “Company”) and entities in which the Company owns a majority voting interest or controlling financial interest. The Company was organized in 1972 and (excluding its 95% owned subsidiary Courtland Investments, Inc., which files a separate tax return) qualifies for taxation as a real estate investment trust (“REIT”) under the Internal Revenue Code. The Company’s business is the ownership and management of income-producing commercial properties and its management considers other investments if such investments offer growth or profit potential. The Company’s recurring operating revenue is from property rental operations of its corporate offices.



	All material transactions and balances with consolidated and unconsolidated entities have been eliminated in consolidation or as required under the equity method.



	The Company’s consolidated subsidiaries are described below:



	Courtland Investments, Inc. (“CII”). A 95% owned corporation in which the Company holds a 95% non-voting interest and Masscap Investments Company, Inc. (“Masscap”) which holds a 5% voting interest in CII. The Company and Masscap have had a continuing arrangement with regard to the ongoing operations of CII, which provides the Company with complete authority over all decision making relating to the business, operations and financing of CII consistent with the Company’s status as a real estate investment trust. Masscap is a wholly-owned subsidiary of Transco Realty Trust which is a 45% shareholder of the Company. CII files a separate tax return and its operations are not part of the REIT tax return.



	260 River Corp (“260”). This wholly owned corporation of the Company owns an approximate 70% interest in a vacant commercially zoned building located on 5.4 acres in Montpelier, Vermont. Development of this property is being considered.



	Courtland Houston, Inc. (“CHI”). Effective December 31, 2013, this company ceased operations and was dissolved. This corporation was 80% owned by CII and 20% owned by its sole employee. CHI engaged in consulting services and commercial leasing activities in Texas.



	South Bayshore Associates (“SBA”). This is a 75% company owned joint venture with the Company’s 45% shareholder, Transco Realty Trust (“TRT”). In 2013 TRT paid off its $300,000 note due to SBA.



	Baleen Associates, Inc. (“Baleen”). This corporation is wholly owned by CII and its sole asset is a 50% interest in a partnership which operates an executive suite rental business in Coconut Grove, Florida.



	Preparation of Financial Statements. The preparation of consolidated 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

	Income Taxes. The Company’s 95%-owned subsidiary, CII, files a separate income tax return and its operations are not included in the REIT’s income tax return. The Company accounts for income taxes in accordance with ASC Topic 740, “Accounting for Income Taxes” (“ASC Topic 740”). This requires a Company to use the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities.

	The effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred taxes only pertain to CII. The Company (excluding CII) qualifies as a real estate investment trust and distributes its taxable ordinary income to stockholders in conformity with requirements of the Internal Revenue Code and is not required to report deferred items due to its ability to distribute all taxable income. In addition, net operating losses can be carried forward to reduce future taxable income but cannot be carried back. Distributed capital gains on sales of real estate as they relate to REIT activities are not subject to taxes; however, undistributed capital gains are taxed as capital gains. State income taxes are not significant.

	The Company follows the provisions of ASC Topic 740-10, “Accounting for Uncertainty in Income Taxes” which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with ASC Topic 740, and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This topic also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

	Based on our evaluation, we have concluded that there are no significant uncertain tax positions requiring recognition in our consolidated financial statements. Our evaluation was performed for the tax years ended December 31, 2013 and 2012. The Company’s federal income tax returns since 2010 are subject to examination by the Internal Revenue Service, generally for a period of three years after the returns were filed.



	We may from time to time be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to our financial results. In the event we have received an assessment for interest and/or penalties, it has been classified in the consolidated financial statements as selling, general and administrative expense.



	Depreciation. Depreciation of the corporate offices properties held for investment is computed using the straight-line method over its estimated useful life of 39.5 years. Depreciation expense for the corporate offices for each of the years ended December 31, 2013 and 2012 was approximately $16,000.



	Fair Value of Financial Instruments. The Company records its financial assets and liabilities at fair value, which is defined under the applicable accounting standards as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measure date. The Company uses valuation techniques to measure fair value, maximizing the use of observable outputs and minimizing the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:

	●	Level 1 – Quoted prices in active markets for identical assets or liabilities.

	●	Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

	●	Level 3 – Inputs include management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the instrument’s valuation.



An investment’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.



The carrying value of financial instruments including other receivables, notes and advances due from related parties, accounts payable and accrued expenses and mortgages and notes payable approximate their fair values at December 31, 2013 and 2012, due to their relatively short terms or variable interest rates.



Cash equivalents are classified within Level 1 or Level 2 of the fair value hierarchy because they are valued using quoted market prices, broker or dealer quotations, or alternative pricing sources with reasonable levels of transparency. Other investments which are measured by investees at net asset value per share or its equivalent are also classified within Level 2. The fair value of the interest rate swap contract payable is based on the value provided by the issuing bank on a monthly basis (Level 2).

The valuation of other investments not included above requires significant judgment by the Company’s management due to the absence of quoted market values, inherent lack of liquidity and long-term nature of such assets and have been classified within Level 3. Such investments are valued initially based upon transaction price. Valuations are reviewed periodically utilizing available market data and additional factors to determine if the carrying value of these investments should be adjusted. In determining valuation adjustments, emphasis is placed on market participants’ assumptions and market-based information over entity-specific information.



Marketable Securities. The entire marketable securities portfolio is classified as trading consistent with the Company’s overall investment objectives and activities. Accordingly, all unrealized gains and losses on the Company’s marketable securities investment portfolio are included in the consolidated statements of comprehensive income.



Gross gains and losses on the sale of marketable securities are based on the first-in first-out method of determining cost.



Marketable securities from time to time are pledged as collateral pursuant to broker margin requirements. At December 31, 2013 and 2012, there were no margin balances outstanding.

Notes and other receivables. Management periodically performs a review of amounts due on its notes and other receivable balances to determine if they are impaired based on factors affecting the collectability of those balances. Management’s estimates of collectability of these receivables requires management to exercise significant judgment about the timing, frequency and severity of collection losses, if any, and the underlying value of collateral, which may affect recoverability of such receivables. As of December 31, 2013 and 2012, the Company had no allowances for bad debt.

Equity investments. Investments in which the Company does not have a majority voting or financial controlling interest but has the ability to exercise influence are accounted for under the equity method of accounting, even though the Company may have a majority interest in profits and losses. The Company follows ASC Topic 323-30 in accounting for its investments in limited partnerships. This guidance requires the use of the equity method for limited partnership investments of more than 3 to 5 percent.



The Company has no voting or financial controlling interests in its other investments which include entities that invest venture capital funds in growth oriented enterprises. These other investments are carried at cost less adjustments for other than temporary declines in value.



Comprehensive Income. The Company reports comprehensive income in its consolidated statements of comprehensive income. Comprehensive income is the change in equity from transactions and other events from nonowner sources. Comprehensive income includes net income (loss) and other comprehensive income (loss). For the years ended December 31, 2013 and 2012, comprehensive income consisted of unrealized gain from interest rate swap contract of $982,500 and $5,000, respectively.



Income (loss) per common share. Net income (loss) per common share (basic and diluted) is based on the net income (loss) divided by the weighted average number of common shares outstanding during each year. Diluted net loss per share includes the dilutive effect of options to acquire common stock. Common shares outstanding include issued shares less shares held in treasury. There were 22,700 and 102,100 stock options outstanding as of December 31, 2013 and 2012, respectively. The 2013 options were included in the diluted earnings per share computation as their effect was dilutive. The 2012 options were not included in the diluted earnings per share computation as their effect would have been anti-dilutive.



Gain on sales of properties. Gain on sales of properties is recognized when the minimum investment requirements have been met by the purchaser and title passes to the purchaser.



In 2013 the Company sold its interests in the Grove Isle and Monty’s properties and recognized gain on sale of discontinued operations of $16.4 million, net of income taxes and incentive fee to Adviser.



There were no sales of property in 2012.



Cash and cash Equivalents. For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.



Concentration of Credit Risk. Financial instruments that potentially subject the Company to concentration of credit risk are cash and cash equivalent deposits in excess of federally insured limits, marketable securities, other receivables and notes and mortgages receivable. From time to time the Company may have bank deposits in excess of federally insured limits. The Company evaluates these excess deposits and transfers amounts to brokerage accounts and other banks to mitigate this exposure. As of December 31, 2013 we have approximately $560,000 of deposits in excess of federally insured limits.



The Company maintains cash and equivalents in bank accounts which at times, may exceed federally-insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on cash. The federally insured limit for time deposits is presently $250,000.

Interest rate swap contract.

The Company may or may not use interest rate swap contracts to reduce interest rate risk. The Company has no interest rate swap contracts outstanding as of December 31, 2013. The interest rate swap contract outstanding as of December 31, 2012 was satisfied in conjunction with the sale of the Monty’s property in March 2013.



Interest rate swap contracts designated and qualifying as cash flow hedges are reported at fair value. The gain or loss on the effective portion of the hedge initially is included as a component of other comprehensive income and is subsequently reclassified into earnings when interest on the related debt is paid, or upon partial or full settlement of the contract.



Other intangible assets:

Deferred loan costs are amortized on a straight line basis over the life of the loan. This method approximates the effective interest rate method.



Non controlling Interest. Non controlling interest represents the noncontrolling or minority partners’ proportionate share of the equity of the Company’s majority owned subsidiaries. A summary for the years ended December 31, 2013 and 2012 is as follows:

		2013			2012
Non controlling interest balance at beginning of year		$	2,917,000		$	2,818,000
Non controlling partners’ interest in operating gains of consolidated subsidiaries			4,000			94,000
Non controlling partners’ interest in gains of discontinued operations of consolidated subsidiaries			93,000			—
Non controlling partners’ interest in sales of real estate			(1,750,000	)		—
Reclassification of unrealized loss on interest rate swap agreement			(982,000	)		5,000

Non controlling interest balance at end of year		$	282,000		$	2,917,000



Revenue recognition. CII is the lessor of the Company’s principal executive offices and the Adviser corporate offices. This lease agreement is classified as an operating lease and accordingly all rental revenue is recognized as earned based upon total fixed cash flow over the initial term of the lease, using the straight line method. The lease agreement originally dated December 1, 1999, and was renewed in 2009. The lease provides for base rent of $48,000 per year payable in equal monthly installments during the five year term of the lease which expires on December 1, 2014. The Adviser, as tenant, pays utilities, certain maintenance and security expenses relating to the leased premises.



Impairment of long-lived assets. The Company periodically reviews the carrying value of its properties and long-lived assets in relation to historical results, current business conditions and trends to identify potential situations in which the carrying value of assets may not be recoverable. If such reviews indicate that the carrying value of such assets may not be recoverable, the Company would estimate the undiscounted sum of the expected future cash flows of such assets or analyze the fair value of the asset, to determine if such sum or fair value is less than the carrying value of such assets to ascertain if a permanent impairment exists. If a permanent impairment exists, the Company would determine the fair value by using quoted market prices, if available, for such assets, or if quoted market prices are not available, the Company would discount the expected future cash flows of such assets and would adjust the carrying value of the asset to fair value. There were no impairment of long-lived assets in 2013 and 2012.



Share-based compensation.

The Company accounts for share-based compensation in accordance with ASC Topic 718 “Share-Based Payments”. The Company has used the Black-Scholes option pricing model to estimate the fair value of stock options on the dates of grant.

Recent accounting pronouncements.

In July 2013, the FASB issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, an entity should present the unrecognized tax benefit in the financial statements as a liability. The guidance will become effective for us at the beginning of our second quarter of fiscal 2014. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.



In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” or ASU 2013-02. ASU 2013-02 implements the previously deferred requirement to disclose reclassification adjustments into and out of accumulated other comprehensive income in either a note or on the face of the financial statements. ASU 2013-02 was effective for the first interim or annual period beginning after December 15, 2012, and was applied prospectively. As we have not reclassified any balances into or out of accumulated other comprehensive income, the adoption of ASU 2013-02 did not have a material impact on our consolidated financial statements.



In January 2013, the FASB issued guidance clarifying the scope of disclosure requirements for offsetting assets and liabilities. The amended guidance limits the scope of balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement. The guidance will become effective for us at the beginning of our first quarter of fiscal 2014. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.

INVESTMENT_PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
INVESTMENT PROPERTIES	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
INVESTMENT PROPERTIES	'

	2. INVESTMENT PROPERTIES

	The components of the Company’s investment properties and the related accumulated depreciation information follow:

		31-Dec-13
				Accumulated
		Cost		Depreciation		Net
	Office building and other commercial property:
	Corporate Office - (Coconut Grove, FL) – Building	$	652,198	$	278,982	$	373,216
	Corporate Office – (Coconut Grove, FL) – Land		325,000		—		325,000
	Other (Montpelier, Vermont) – Building		52,000		52,000		—
	Other (Montpelier, Vermont) - Land and improvements (5.4 acres)		111,689		—		111,689
		$	1,140,887	$	330,982	$	809,905



		31-Dec-12
				Accumulated
		Cost		Depreciation		Net
	Office building and other commercial property:
	Corporate Office - (Coconut Grove, FL) – Building	$	652,198	$	262,826	$	398,372
	Corporate Office – (Coconut Grove, FL) – Land		325,000		—		325,000
	Other (Montpelier, Vermont) – Building		52,000		52,000		—
	Other (Montpelier, Vermont) - Land and improvements (5.4 acres)		111,689		—		111,689
	Totals	$	1,140,887	$	314,826	$	826,061

INVESTMENTS_IN_MARKETABLE_SECU

INVESTMENTS IN MARKETABLE SECURITIES	12 Months Ended
INVESTMENTS IN MARKETABLE SECURITIES	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'
INVESTMENTS IN MARKETABLE SECURITIES	'

	3. INVESTMENTS IN MARKETABLE SECURITIES



	Investments in marketable securities consist primarily of large capital corporate equity and debt securities in varying industries or issued by government agencies with readily determinable fair values (see table below). These securities are stated at market value, as determined by the most recently traded price of each security at the balance sheet date. Consistent with the Company’s overall current investment objectives and activities its entire marketable securities portfolio is classified as trading. Accordingly all unrealized gains and losses on this portfolio are recorded in income. For the years ended December 31, 2013 and 2012, net unrealized gains on trading securities were approximately $263,000 and $86,000, respectively.



		31-Dec-13								31-Dec-12
		Cost			Fair		Unrealized			Cost		Fair		Unrealized
	Description	Basis			Value		Gain (loss)			Basis		Value		Gain (loss)
	Real Estate Investment Trusts	$	345,000		$	351,000	$	6,000		$	174,000	$	122,000	($	52,000	)

	Mutual Funds, ETF & other		2,030,000			2,144,000		114,000			760,000		817,000		57,000

	Other Equity Securities		962,000			1,163,000		201,000			570,000		557,000		(13,000	)
	Total Equity Securities		3,337,000			3,658,000		321,000			1,504,000		1,496,000		(8,000	)
	Debt Securities		1,088,000			1,065,000		(23,000	)		621,000		662,000		41,000
	Total	$	4,425,000		$	4,723,000	$	298,000		$	2,125,000	$	2,158,000	$	33,000



	As of December 31, 2013, debt securities are scheduled to mature as follows:

		Cost			Fair Value
	2019 – 2023	$	25,000		$	26,000
	2024 – thereafter		1,063,000			1,039,000
		$	1,088,000		$	1,065,000



	Net gain from investments in marketable securities for the years ended December 31, 2013 and 2012 is summarized below:



	Description	2013			2012
	Net realized (loss) gain from sales of marketable securities	($	119,000	)	$	35,000
	Net unrealized gain from marketable securities		263,000			86,000
	Total net gain from investments in marketable securities	$	144,000		$	121,000



	Net realized (loss) gain from sales of marketable securities consisted of approximately $176,000 of losses net of $57,000 of gains for the year ended December 31, 2013. The comparable amounts in fiscal year 2012 were gains of approximately $152,000 and losses of $117,000.

	Consistent with the Company’s overall current investment objectives and activities the entire marketable securities portfolio is classified as trading (as defined by U.S. generally accepted accounting principles). Unrealized gains or losses of marketable securities on hand are recorded in income.

	Investment gains and losses on marketable securities may fluctuate significantly from period to period in the future and could have a significant impact on the Company’s net earnings. However, the amount of investment gains or losses on marketable securities for any given period has no predictive value and variations in amount from period to period have no practical analytical value.

	Investments in marketable securities give rise to exposure resulting from the volatility of capital markets. The Company attempts to mitigate its risk by diversifying its marketable securities portfolio.

OTHER_INVESTMENTS

OTHER INVESTMENTS	12 Months Ended
OTHER INVESTMENTS	Dec. 31, 2013
Investments, All Other Investments [Abstract]	'
OTHER INVESTMENTS	'

	4. OTHER INVESTMENTS



	The Company’s other investments consist primarily of nominal equity interests in various privately-held entities, including limited partnerships whose purpose is to invest venture capital funds in growth-oriented enterprises. The Company does not have significant influence over any investee and the Company’s investment represents less than 3% of the investee’s ownership. None of these investments meet the criteria of accounting under the equity method and accordingly are carried at cost less distributions and other than temporary unrealized losses.

	The Company’s portfolio of other investments consists of approximately 30 individual investments primarily in limited partnerships with varying investment objectives and focus. Management has categorized these investments by investment focus: technology and communications, diversified businesses/distressed debt, real estate related, stock and debt funds.



	As of December 31, 2013 and 2012, other investments had an aggregate carrying value of $3.3 million and $3.6 million, respectively. The Company has committed to fund approximately an additional $912,000 as required by agreements with the investees. The carrying value of these investments is equal to contributions less distributions and other than temporary loss valuation adjustments. During the years ended December 31, 2013 and 2012 the Company made contributions of approximately $136,000 and $244,000, respectively, and received distributions from these investments of $516,000 and $662,000, respectively.



	The Company’s other investments are summarized below.



			Carrying values as of December 31,
	Investment Focus		2013			2012

	Venture capital funds – technology and communications		$	473,000		$	514,000

	Venture capital funds – diversified businesses			1,098,000			1,337,000

	Real estate and related			1,409,000			1,453,000

	Other			325,000			300,000

	Totals		$	3,304,000		$	3,604,000



	The Company regularly reviews the underlying assets in its investment portfolio for events, including but not limited to bankruptcies, closures and declines in estimated fair value, that may indicate the investment has suffered other-than-temporary decline in value. When a decline is deemed other-than-temporary, an investment loss is recognized.

	Net income from other investments is summarized below (excluding other than temporary impairment loss):
			2013			2012
	Income from investment in 49% owned affiliate (a)		$	94,000		$	57,000
	Real estate and related (b)			40,000			223,000
	Venture capital funds – diversified businesses (c)			104,000			121,000
	Other			10,000			—
	Total net income from other investments		$	248,000		$	401,000



	(a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). The increase in income is due to increased net income of TGIF as a result of higher investment income. In 2013 and 2012 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $196,000 each year. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments.



	(b) The gain in 2013 and 2012 consists primarily of cash distributions from an investment in real estate partnership which distributed proceeds from sales of its real estate.



	(c) The gain in 2013 and 2012 consists of cash distributions from various investments in partnerships owning diversified businesses which made cash and stock distributions from the sale or refinancing of operating companies and/or distributions from operating activities.



	Other than temporary impairment losses from other investments



	For the years ended December 31, 2013 and 2012, approximately $50,000 and $28,000, respectively, of valuation losses from other than temporary impairment losses from other investments were recorded. In 2013 this consisted of an increased valuation loss of $50,000 from an investment in a limited partnership which invests in technology related entities. In 2012 the impairment loss consisted of an increased valuation loss of $28,000 from an investment in a private partnership which operates and leases executive suites in Miami, Florida.

		2013			2012
Technology and related		($	50,000	)		—
Real estate and related			—		($	28,000	)
Total other than temporary impairment loss from other investments		($	50,000	)	($	28,000	)



Net gain or loss from other investments may fluctuate significantly from period to period in the future and could have a significant impact on the Company’s net earnings. However, the amount of investment gain or loss from other investments for any given period has no predictive value and variations in amount from period to period have no practical analytical value.

The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2013 and 2012, aggregated by investment category and the length of time that investments have been in a continuous loss position:
		As of December 31, 2013
		Less than 12 Months						Greater than 12 Months					Total
Investment Description		Fair Value			Unrealized			Fair Value		Unrealized			Fair Value		Unrealized
Investment Description		Fair Value			Loss			Fair Value		Loss			Fair Value		Loss
Partnerships owning investments in technology related industries			—			—		$	346,000	$	(76,000	)	$	346,000	$	(76,000	)
Partnerships owning real estate and related investments			—			—			246,000		(11,000	)		246,000		(11,000	)
Total			—			—		$	592,000	$	(87,000	)	$	592,000	$	(87,000	)

		As of December 31, 2012
		Less than 12 Months						Greater than 12 Months					Total
Investment Description		Fair Value			Unrealized			Fair Value		Unrealized			Fair Value		Unrealized
Investment Description		Fair Value			Loss			Fair Value		Loss			Fair Value		Loss
Partnerships owning investments in technology related industries		$	11,000		$	(10,000	)	$	374,000	$	(69,000	)	$	384,000	$	(79,000	)
Partnerships owning diversified businesses			—			—			241,000		(5,000	)		241,000		(5,000	)
Partnerships owning real estate and related investments			—			—			231,000		(49,000	)		231,000		(49,000	)
Total		$	11,000		$	(10,000	)	$	846,000	$	(123,000	)	$	856,000	$	(133,000	)

FAIR_VALUE_INSTRUMENTS

FAIR VALUE INSTRUMENTS	12 Months Ended
FAIR VALUE INSTRUMENTS	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
FAIR VALUE INSTRUMENTS	'

	5. FAIR VALUE INSTRUMENTS



	In accordance with ASC Topic 820, the Company measures cash and cash equivalents, marketable debt and equity securities and the interest rate swap contract at fair value on a recurring basis. Other investments are measured at fair value on a nonrecurring basis.

	The following are the major categories of assets and liabilities measured at fair value on a recurring basis during the years ended December 31, 2013 and 2012, using quoted prices in active markets for identical assets (Level 1) and significant other observable inputs (Level 2). For the year ended December 31, 2013 and 2012, there were no major assets or liabilities measured at fair value on a recurring basis which uses significant unobservable inputs (Level 3):


			Fair value measurement at reporting date using
			Total			Quoted Prices in Active			Significant Other			Significant
			December 31,			Markets for Identical Assets			Observable Inputs			Unobservable Inputs
	Description		2013			(Level 1)			(Level 2)			(Level 3)
	Assets:
	Cash equivalents:
	Time deposits		$	55,000			—		$	55,000			—
	Money market mutual funds			1,257,000		$	1,257,000			—			—
	U.S. T-bills			15,305,000		$	15,305,000			—			—
	Marketable securities:
	Corporate debt securities			1,065,000			—			1,065,000			—
	Marketable equity securities			3,658,000			3,658,000			—			—
	Total assets		$	21,340,000		$	20,220,000		$	1,120,000		$	—



			Fair value measurement at reporting date using
			Total			Quoted Prices in Active			Significant Other			Significant
			December 31,			Markets for Identical Assets			Observable Inputs			Unobservable Inputs
	Description		2012			(Level 1)			(Level 2)			(Level 3)
	Assets:
	Cash equivalents:
	Time deposits		$	54,000			—		$	54,000			—
	Money market mutual funds			783,000		$	783,000			—			—
	Marketable securities:
	Corporate debt securities			662,000			—			662,000			—
	Marketable equity securities			1,497,000			1,497,000			—			—
	Total assets		$	2,996,000		$	2,280,000		$	716,000		$	—

	Liabilities:
	Interest rate swap contract			1,965,000			—			1,965,000			—
	Total liabilities		$	1,965,000			—		$	1,965,000			—



	Carrying amount is the estimated fair value for corporate debt securities and time deposits based on a market-based approach using observable (Level 2) inputs such as prices of similar assets in active markets.

	The following are the major categories of assets and liabilities measured at fair value on a nonrecurring basis during the years ended December 31, 2013 and 2012. This category includes other investments and goodwill which are measured using significant other observable inputs (Level 2) and significant unobservable inputs (Level 3):


			Fair value measurement at reporting date using												Total
			Total			Quoted Prices in Active			Significant Other			Significant			losses for
			December 31,			Markets for Identical Assets			Observable Inputs			Unobservable Inputs			year ended
	Description		2013			(Level 1)			(Level 2) (a)			(Level 3) (b)			12/31/13
	Assets:
	Other investments by investment focus:
	Technology & Communication		$	472,000		$	—		$	472,000		$	—		$	50,000
	Diversified businesses			1,098,000			—			1,098,000			—			—
	Real estate and related			1,409,000			—			462,000			947,000			—
	Other			325,000			—			—			325,000			—
	Total assets		$	3,304,000		$	—		$	2,032,000		$	1,272,000		$	50,000



		Fair value measurement at reporting date using												Total
		Total			Quoted Prices in Active			Significant Other			Significant			losses for
		December 31,			Markets for Identical Assets			Observable Inputs			Unobservable Inputs			year ended
Description		2012			(Level 1)			(Level 2) (a)			(Level 3) (b)			12/31/12
Assets:
Other investments by investment focus:
Technology & Communication		$	514,000		$	—		$	514,000		$	—		$	—
Diversified businesses			1,337,000			—			1,337,000			—			—
Real estate and related			1,453,000			—			500,000			953,000			28,000
Other			300,000			—			—			300,000			—
		$	3,604,000		$	—		$	2,351,000		$	1,253,000		$	28,000

Goodwill (Bayshore)			5,628,000									5,628,000			—
Total assets		$	9,232,000		$	—		$	2,351,000		$	6,881,000		$	28,000

	(a)	Other investments measured at fair value on a non recurring basis include investments in certain entities that calculate net asset value per share (or its equivalent such as member units or an ownership interest in partners’ capital to which a proportionate share of net assets is attributed, “NAV”). This class primarily consists of private equity funds that have varying investment focus. These investments can never be redeemed with the funds. Instead, the nature of the investments in this class is that distributions are received through the liquidation of the underlying assets of the fund. If these investments were held it is estimated that the underlying assets of the fund would be liquidated over 5 to 10 years. As of December 31, 2013, it is probable that all of the investments in this class will be sold at an amount different from the NAV of the Company’s ownership interest in partners’ capital. Therefore, the fair values of the investments in this class have been estimated using recent observable information such as audited financial statements and/or statements of partners’ capital obtained directly from investees on a quarterly or other regular basis. During the year ended December 31, 2013, the Company received distributions of approximately $511,000 from this type of investment primarily from investments in diversified businesses and real estate. During the year ended December 31, 2013 the Company made contributions totaling $111,000 in this type of investment. As of December 31, 2013, the amount of the Company’s unfunded commitments related to the aforementioned investments is approximately $912,000.



	(b)	Other investments above which are measured on a nonrecurring basis using Level 3 unobservable inputs consist of investments primarily in commercial real estate in Florida through private partnerships and two investments in the stock of private banks in Florida and Texas. The Company does not know when it will have the ability to redeem the investments and has categorized them as a Level 3 fair value measurement. The Level 3 real estate and related investments of approximately $947,000 include one investment in a commercial building located near the Company’s offices purchased in 2005 with a carrying value as of December 31, 2013 of $724,000. These investments are measured using primarily inputs provided by the managing member of the partnerships with whom the Company has done similar transactions in the past and is well known to management. The fair values of these real estate investments have been estimated using the net asset value of the Company’s ownership interest in partners’ capital. The investments in private bank stocks include a South Florida community bank in the amount of $25,000 made in December 2013, a private bank and trust located in Coral Gables, Florida in the amount of $250,000 made in 2009, and a $50,000 investment in a bank located in El Campo, Texas made in 2010. The fair values of these bank stock investments have been estimated using the cost method less distributions received and other than temporary impairments. This investment is valued using inputs provided by the management of the banks.

The following table includes a roll-forward of the investments classified within level 3 of the fair value hierarchy for the year ended December 31, 2013:



		Level 3 Investments:
Balance at January 1, 2013		$	1,253,000
Investment in private community bank			25,000
Distributions from Level 3 investments			(6,000	)
Transfers from Level 2			—
Balance at December 31, 2013		$	1,272,000

INVESTMENT_IN_AFFILIATE

INVESTMENT IN AFFILIATE	12 Months Ended
INVESTMENT IN AFFILIATE	Dec. 31, 2013
Investments In Affiliates [Abstract]	'
INVESTMENT IN AFFILIATE	'

	6. INVESTMENT IN AFFILIATE



	Investment in affiliate consists of CII’s 49% equity interest in T.G. I.F. Texas, Inc. (“T.G.I.F.”). T.G.I.F. is a Texas Corporation which holds promissory notes receivable from its shareholders, including CII and Maurice Wiener, the Chairman of the Company and T.G.I.F. Reference is made to Note 9 for discussion on notes payable by CII to T.G. I.F. This investment is recorded under the equity method of accounting. For the years ended December 31, 2013 and 2012, income from investment in affiliate amounted to approximately $94,000 and $57,000, respectively and is included in net income from other investments in the consolidated statements of comprehensive income. In December 2013 and 2012 T.G.I.F. declared and paid a cash dividend of $.07 per share. CII’s dividend amount received was approximately $196,000 each year. This dividend is recorded as a reduction in the carrying amount of CII investment in T.G.I.F. as required under the equity method of accounting.

LOANS_NOTES_AND_OTHER_RECEIVAB

LOANS, NOTES AND OTHER RECEIVABLES	12 Months Ended
LOANS, NOTES AND OTHER RECEIVABLES	Dec. 31, 2013
Receivables [Abstract]	'
LOANS, NOTES AND OTHER RECEIVABLES	'

	7. LOANS, NOTES AND OTHER RECEIVABLES



			As of December 31,
	Description		2013		2012
	Promissory note and accrued interest due from purchaser of Grove Isle (a)		$	1,034,000	$	—
	Promissory note and accrued interest due from individual (b)			214,000		208,000
	Other			160,000		88,000
	Total loans, notes and other receivables		$	1,408,000	$	296,000



		(a)	In February 2013, the Company sold its interest in Grove Isle and related entities and received a $1 million promissory note from the purchaser as part of the purchase proceeds. This note bears interest of 4% per annum and will mature upon the earlier of ten years (February 25, 2023) or when any expansion or development (as defined in the purchase agreement) occurs at Grove Isle.

		(b)	In December 2007 the Company loaned $400,000 to a local real estate developer who is well known to the Company and which loan is secured by numerous real estate interests. In 2010 $197,000 of principal payments were received. In February 2014, the loan was modified and the maturity date was extended to February 1, 2015. The loan modification requires the borrower to keep current on monthly interest only payments at same annual rate of 9% and pay past due interest as of December 31, 2013 of approximately $9,000 in four monthly installments beginning February 1, 2014.

NOTES_AND_ADVANCES_DUE_FROM_AN

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
	Dec. 31, 2013
Loans and Leases Receivable, Related Parties Disclosure [Abstract]	'
NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES	'

	8. NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES



	The Company has an agreement (the “Agreement”) with HMGA, Inc. (the “Adviser”) for its services as investment adviser and administrator of the Company’s affairs. All officers of the Company who are officers of the Adviser are compensated solely by the Adviser for their services.



	The Adviser is majority owned by Mr. Wiener, the Company’s Chairman, with the remaining shares owned by certain individuals including Mr. Rothstein. The officers and directors of the Adviser are as follows: Maurice Wiener, Chairman of the Board and Chief Executive Officer; Larry Rothstein, President, Treasurer, Secretary and Director; and Carlos Camarotti, Vice President - Finance and Assistant Secretary.



	Under the terms of the Agreement, the Adviser serves as the Company’s investment adviser and, under the supervision of the directors of the Company, administers the day-to-day operations of the Company. All officers of the Company, who are officers of the Adviser are compensated solely by the Adviser for their services. The Agreement is renewable annually upon the approval of a majority of the directors of the Company who are not affiliated with the Adviser and a majority of the Company’s shareholders. The contract may be terminated at any time on 120 days written notice by the Adviser or upon 60 days written notice by a majority of the unaffiliated directors of the Company or the holders of a majority of the Company’s outstanding shares.



	On September 19, 2013, the shareholders approved the renewal and amendment of the Advisory Agreement between the Company and the Adviser for a term commencing January 1, 2014 and expiring December 31, 2014.



	The sole amendment to the Advisory Agreement was the change in the remuneration of the Advisor to decrease the Advisor’s current regular monthly compensation from $85,000 to $55,000, or $1,020,000 to $660,000 annually. All other terms of the existing Advisory Agreement will remain the same. The renewal and amendment was approved unanimously by the Directors unaffiliated with the Advisor.



	For the years ended December 31, 2013 and 2012, the Company incurred Adviser fees of approximately $3,116,000 and $1,056,000, respectively, of which $1,020,000 represented regular compensation for 2013 and 2012. In 2013 and 2012 Advisor fees include $2,096,000 and $36,000 in incentive fee compensation.



	At December 31, 2012, the Company had amounts due from the Adviser and subsidiaries of approximately $397,000 with interest at prime plus 1% and due on demand. In 2013 the Adviser and subsidiaries paid amounts due to the Company of approximately $397,000. No amounts are due from the Adviser and subsidiaries as of December 31, 2013.



	The Adviser leases its executive offices from CII pursuant to a lease agreement. This lease agreement calls for base rent of $48,000 per year payable in equal monthly installments. Additionally, the Adviser is responsible for all utilities, certain maintenance, and security expenses relating to the leased premises. The lease term is five years, expiring in November 2014.



	At December 31, 2012 the Company, through its 75% owned joint venture South Bayshore Associates (“SBA”), had a note receivable from Transco (a 45% shareholder of the Company) of $300,000 with interest at the prime rate and due on demand. In 2013 this note and accrued interest was paid.



	Mr. Wiener is an 18% shareholder and the chairman and director of T.G.I.F. Texas, Inc., a 49% owned affiliate of CII. As of December 31, 2013 and 2012, T.G.I.F. had amounts due from CII in the amount of approximately $2,503,000 and $2,815,000, respectively. These amounts are due on demand and bear interest at the prime rate (3.25% at December 31, 2013). All interest due has been paid.

	As of December 31, 2013, and 2012 T.G.I.F. owns 10,000 shares of the Company’s common stock it purchased at market value in 1996.

	As of December 31, 2013 and 2012, T.G.I.F. had amounts due from Mr. Wiener in the amount of approximately $707,000. These amounts bear interest at the prime rate and principal and interest are due on demand. All interest due has been paid.



	Mr. Wiener received consulting and director’s fees from T.G.I.F totaling $22,000 for each of the years ended December 31, 2013 and 2012.

INCOME_TAXES

INCOME TAXES	12 Months Ended
INCOME TAXES	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
INCOME TAXES	'

	9. INCOME TAXES



	The Company (excluding CII) qualifies as a real estate investment trust and distributes its taxable ordinary income to stockholders in conformity with requirements of the Internal Revenue Code and is not required to report deferred items due to its ability to distribute all taxable income. In addition, net operating losses can be carried forward to reduce future taxable income but cannot be carried back. Distributed capital gains on sales of real estate as they relate to REIT activities are not subject to taxes; however, undistributed capital gains may be subject to corporate tax.



	As previously reported, in November 2013, the Company paid a cash dividend of $4.2 million (or $4.00 per share) to shareholders of record as of November 1, 2013. This dividend reduced 2013 REIT taxable income and was a distribution of REIT tax capital gains primarily from gain on sales of real estate interests in 2013. The Company’s undistributed tax capital gains for the year ended December 31, 2013 were approximately $3.8 million (or $3.67 per share), after giving effect for the utilization of $5.1 net operating loss carryover. The Company (REIT only, excluding CII) has federal and state tax liability of $1.35 million and $250,000, respectively as of December 31, 2013. The $1.6 million federal and state liability is netted in gain from sale of discontinued operations.



	The Company’s 95%-owned subsidiary, CII, files a separate income tax return and its operations are not included in the REIT’s income tax return.



	The Company accounts for income taxes in accordance with ASC Topic 740, “Accounting for Income Taxes”. ASC Topic 740 requires a Company to use the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities. The effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred taxes only pertain to CII. As of December 31, 2013 the Company has recorded a net deferred tax liability of $217,000 as a result of timing differences associated with the carrying value of the investment in affiliate (TGIF) and other investments. The increase from deferred tax asset of $698,000 as of December 31, 2012 to a deferred tax liability of $217,000 as of December 31, 2013 resulted in a $915,000 deferred tax expense. This was primarily the result of the reduction in the deferred tax asset of $361,000 from utilization of $1.2 million of CII’s net operating loss carryover (NOL), net decrease in excess of tax basis over book basis of other investments of $189,000 and net decrease in excess of tax basis over book basis of assets associated with real estate interests held for sale of $286,000. CII NOL carryover to 2014 is estimated at $296,000 expiring in 2033.





	The components of income before income taxes and the effect of adjustments to tax computed at the federal statutory rate for the years ended December 31, 2013 and 2012 were as follows:



			2013				2012
	Income (loss) before income taxes		$	17,684,000			($	60,000	)
	Computed tax at federal statutory rate of 34%		$	6,012,000			($	20,000	)
	State taxes at 5.5%			973,000				(4,000	)
	REIT capital gains dividend paid			(1,645,000	)			—
	Utilization of net operating loss carryover			(2,408,000	)			—
	REIT related adjustments			(407,000	)			(21,000	)
	Unrealized gain from marketable securities for book not tax			(26,000	)			(31,000	)
	Other items, net			9,000				10,000
	Tax provision for (benefit from) income taxes		$	2,508,000			($	66,000	)



	The REIT related adjustments represent the difference between estimated taxes on undistributed income and/or capital gains and book taxes computed on the REIT’s income before income taxes.



	The benefit from income taxes in the consolidated statements of comprehensive income consists of the following:



	Year ended December 31,		2013				2012
	Current:
	Federal			1,347,000				—
	State			246,000				—
				1,593,000				—
	Deferred:
	Federal		$	905,000			($	60,000	)
	State			10,000				(6,000	)
				915,000				(66,000	)
	Total		$	2,508,000			($	66,000	)



	As of December 31, 2013 and 2012, the components of the deferred tax assets and liabilities are as follows:



		As of December 31, 2013								As of December 31, 2012
		Deferred tax								Deferred tax
		Assets				Liabilities				Assets		Liabilities
Net operating loss carry forward		$	110,000							$	471,000
Excess of book basis of 49% owned corporation over tax basis						$	424,000					$	418,000


Excess of tax basis over book basis of assets associated with real estate interests held for sale			—								286,000
Unrealized gain on marketable securities							105,000						32,000
Excess of tax basis over book basis of other investments			306,000				104,000				508,000		117,000
Totals		$	416,000			$	633,000			$	1,265,000	$	567,000

STOCKBASED_COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
STOCK-BASED COMPENSATION	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
STOCK-BASED COMPENSATION	'

	10. STOCK-BASED COMPENSATION



	The Company’s 2011 Stock Option Plan (the Plan) provides for the grant of options to purchase up to 120,000 shares of the Company’s common stock to the officers and directors of the Company.



	The Company’s policy is to record stock compensation expense in accordance with ASC Topic 505-50, “Equity-Based Payments to Non-Employees”. Stock based compensation expense is recognized using the fair-value method for all awards. The Company granted 17,700 reload options related to options previously granted which were exercised during the year ended December 31, 2013. A reload stock option is granted for the number of shares tendered as payment for the exercise price and tax withholding obligation (if any) upon the exercise of a stock option with a reload provision. The exercise price of the reload option is equal to the market price of the stock on the date of grant and the reload option will expire on the same date as the original option which was exercised. The Company determined the fair value of its option awards using the Black-Scholes option pricing model. The following assumptions were used to value the reload options granted during the year ended December 31, 2013: 3 year expected life; expected volatility of approximately 37%; risk-free of .11% and annual dividend yield of 17%. The expected life for options granted during the period represents the period of time that options are to be outstanding based on the expiration date of the Plan. Expected volatilities are based upon historical volatility of the Company’s stock over a period equal to the 3 year expected life.



	The weighted average fair value for the 17,700 reload options granted during the year ended December 31, 2013 was $18.35 per share.



	The Company’s non-employee stock compensation expense based on the fair value at the date of grant for stock options was approximately $20,000 and $12,000 for the years ended December 31, 2013 and 2012, respectively, and is included in the results of operations in the condensed consolidated financial statements.



	As of December 31, 2013, there is no unrecognized non-employee stock compensation expense related to unvested stock options under the Plan. As of December 31, 2012, there was approximately $5,000 of total unrecognized non-employee stock compensation expense related to unvested stock options under the Plan. This expense was recognized over the vesting periods ending August 25, 2013.



	A summary of the status of the Company’s stock option plan as of December 31, 2013 and 2012, and changes during the periods ending on those dates are presented below:



			As of December 31, 2013						As of December 31, 2012
			Shares				Weighted		Shares		Weighted
							Average Exercise				Average Exercise
							Price				Price
	Outstanding at the beginning of the period			102,100			$	4.99		102,100	$	4.99
	Granted			17,700			$	18.35		—		—
	Exercised			(97,100	)		$	5		—		—
	Expired			—				—		—		—
	Forfeited			—				—		—		—
	Outstanding at the end of the period			22,700			$	15.37		102,100	$	4.99

	Options exercisable at period-end			22,700			$	15.37		102,100	$	4.99
	Weighted average fair value of options granted during the period			17,700			$	18.35		102,100		—
	Aggregate intrinsic value of outstanding and exercisable options at the end of the period			22,700			$	2.63				—



	The intrinsic value of options exercised during the year ended December 31, 2013 was approximately $1.3 million.

	The following table summarizes outstanding and exercisable options as of December 31, 2013:
	Number Outstanding				Weighted Average
	and exercisable				Strike Prices
		5,000			$	4.8
		9,500			$	17.84
		7,500			$	18.89
		700			$	19.5
		22,700			$	15.37



	As of December 31, 2013, the intrinsic value of options outstanding and exercisable was approximately $60,000.



There were no options granted, exercised or forfeited during the year ended December 31, 2012.

BASIC_AND_DILUTED_EARNINGS_PER

BASIC AND DILUTED EARNINGS PER SHARE	12 Months Ended
BASIC AND DILUTED EARNINGS PER SHARE	Dec. 31, 2013
Earnings Per Share [Abstract]	'
BASIC AND DILUTED EARNINGS PER SHARE	'

	11. BASIC AND DILUTED EARNINGS PER SHARE

	Basic and diluted earnings per share for the year ended December 31, 2013 were computed as presented in the table below.



		For the year ended
	Basic:	31-Dec-13
	Net income	$	15,175,987

	Weighted average shares outstanding		1,004,599
	Basic earnings per share	$	15.11



		For the year ended
	Diluted:	31-Dec-13
	Net income	$	15,175,987

	Weighted average shares outstanding		1,004,599
	Plus incremental shares from assumed conversion		1,468

	Diluted weighted average common shares		1,006,067
	Diluted earnings per share	$	15.08



	There was no difference between basic and diluted weighted average common shares for the year ended December 31, 2012.

DISCONTINUED_OPERATIONS_AND_RE

DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE	12 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE	'

	11. DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE

	As previously reported, on February 25, 2013, the Company completed the sale of its interests in Grove Isle Associates LLLP, Grove Isle Yacht Club Associates, Grove Isle Investments Inc. and CII Yacht Club, Inc., which represent interests in the Grove Isle hotel, club, tennis courts and marina (collectively, the “Grove Isle Property”) to Grove Isle Yacht & Tennis, LLC, a Florida limited liability company and an unrelated entity (“the Purchaser”), pursuant to a purchase agreement entered into on the same day (the “Agreement”). The purchase price was $24.4 million, consisting of $23.4 million in cash and a $1 million promissory note due from the Purchaser. Approximately $2.7 million of the proceeds were used to pay off the existing mortgage on the Grove Isle Property. The Company realized a gain on the sale of these interests (including transactions in June 2013 described below) of approximately $19 million (or $19 per share) net of incentive fee due to the Adviser of approximately $2.1 million and before provision for corporate income taxes estimated at $2.5 million (consisting of approximately $1.6 million in current income tax expense and $915,000 in deferred income tax expense).

	In June 2013 the Company received an additional $327,000 in proceeds for unpaid rent due by the Grove Isle tenant prior to the sale. Also in June 2013 the Purchaser exercised its option to purchase our 50% interest in the spa for $100,000.

	As previously reported, on March 29, 2013, pursuant to a Membership Interests Purchase Agreement (the “Agreement”) entered into in December 2012, HMG/Courtland Properties, Inc. and its 95% owned subsidiary, Courtland Investments, Inc. (the “Company”), completed the sale of the Company’s 50% membership interests in Bayshore Landing LLC, Bayshore Rawbar LLC and Bayshore Restaurant LLC, (collectively the “Monty’s property) to the other 50% owner, The Christoph Family Trusts, which are unrelated entities. The purchase price for the membership interests of $3 million was paid in cash. The Company realized a gain on the sale of these interests (as adjusted) of approximately $28,000 (or $.03 per share).

	We have classified the results of operations for the real estate interests discussed above into discontinued operations in the accompanying consolidated financial statements of operations.



		For the year
		ended December 31,
	Revenues:	2013			2012
	Rental and related revenue	$	171,000		$	1,802,000
	Food & beverage sales		1,950,000		$	6,179,000
	Marina revenue		382,000		$	1,657,000
	Other		—		$	430,000
	Total revenue	$	2,503,000		$	10,068,000
	Expenses:
	Rental operating expenses		97,000			550,000
	Food & beverage operation expenses		1,430,000			5,150,000
	Marina expenses		178,000			959,000
	Professional fees		53,000			227,000
	Interest expense		190,000			769,000
	Depreciation, amortization and other expenses		199,000			1,291,000
	Total expenses	$	2,147,000		$	8,946,000

	Less: noncontrolling interest sold		(212,000	)		—

	Gain on sale of discontinued operations, net of incentive fee		18,803,000			—

	Provision for income tax expense on gain on sale of discontinued operations		(2,508,000	)		—
	Income from discontinued operations	$	16,439,000		$	1,122,000
	The major classes of assets and liabilities associated with the real estate interest held for sale as of December 31, 2013 and 2012 were as follows:
		31-Dec-13			31-Dec-12
	Grove Isle Spa remaining interest	$	—		$	1,434,000
	Grove Isle land, hotel, club building and marina		—			1,801,000
	Grove Isle other assets		—			222,000
	Bayshore Restaurant, marina and retail offices		—			7,822,000
	Bayshore goodwill		—			5,629,000
	Bayshore other receivables		—			206,000
	Bayshore other assets		—			985,000
	Assets associated with real estate interests held for sale	$	—		$	18,099,000


	Grove Isle mortgage note payable	$	—		$	2,696,000
	Grove Isle accrued and other liabilities		—			23,000
	Bayshore mortgage note payable		—			8,190,000
	Bayshore interest rate swap contract payable		—			1,965,000
	Bayshore accrued and other liabilities		—			510,000
	Obligations associated with real estate interests held for sale	$	—		$	13,384,000

DESCRIPTION_OF_BUSINESS_AND_SU1

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Business and Consolidation	'

	Business and Consolidation. The consolidated financial statements include the accounts of HMG/Courtland Properties, Inc. (“we” or the “Company”) and entities in which the Company owns a majority voting interest or controlling financial interest. The Company was organized in 1972 and (excluding its 95% owned subsidiary Courtland Investments, Inc., which files a separate tax return) qualifies for taxation as a real estate investment trust (“REIT”) under the Internal Revenue Code. The Company’s business is the ownership and management of income-producing commercial properties and its management considers other investments if such investments offer growth or profit potential. The Company’s recurring operating revenue is from property rental operations of its corporate offices.



	All material transactions and balances with consolidated and unconsolidated entities have been eliminated in consolidation or as required under the equity method.



	The Company’s consolidated subsidiaries are described below:



	Courtland Investments, Inc. (“CII”). A 95% owned corporation in which the Company holds a 95% non-voting interest and Masscap Investments Company, Inc. (“Masscap”) which holds a 5% voting interest in CII. The Company and Masscap have had a continuing arrangement with regard to the ongoing operations of CII, which provides the Company with complete authority over all decision making relating to the business, operations and financing of CII consistent with the Company’s status as a real estate investment trust. Masscap is a wholly-owned subsidiary of Transco Realty Trust which is a 45% shareholder of the Company. CII files a separate tax return and its operations are not part of the REIT tax return.



	260 River Corp (“260”). This wholly owned corporation of the Company owns an approximate 70% interest in a vacant commercially zoned building located on 5.4 acres in Montpelier, Vermont. Development of this property is being considered.



	Courtland Houston, Inc. (“CHI”). Effective December 31, 2013, this company ceased operations and was dissolved. This corporation was 80% owned by CII and 20% owned by its sole employee. CHI engaged in consulting services and commercial leasing activities in Texas.



	South Bayshore Associates (“SBA”). This is a 75% company owned joint venture with the Company’s 45% shareholder, Transco Realty Trust (“TRT”). In 2013 TRT paid off its $300,000 note due to SBA.



	Baleen Associates, Inc. (“Baleen”). This corporation is wholly owned by CII and its sole asset is a 50% interest in a partnership which operates an executive suite rental business in Coconut Grove, Florida.
Preparation of Financial Statements	'
	Preparation of Financial Statements. The preparation of consolidated 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Income Taxes	'

	Income Taxes. The Company’s 95%-owned subsidiary, CII, files a separate income tax return and its operations are not included in the REIT’s income tax return. The Company accounts for income taxes in accordance with ASC Topic 740, “Accounting for Income Taxes” (“ASC Topic 740”). This requires a Company to use the asset and liability method of accounting for income taxes. Under this method, deferred income taxes are recognized for the tax consequences of “temporary differences” by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts and the tax bases of existing assets and liabilities.

	The effect on deferred income taxes of a change in tax rates is recognized in income in the period that includes the enactment date. Deferred taxes only pertain to CII. The Company (excluding CII) qualifies as a real estate investment trust and distributes its taxable ordinary income to stockholders in conformity with requirements of the Internal Revenue Code and is not required to report deferred items due to its ability to distribute all taxable income. In addition, net operating losses can be carried forward to reduce future taxable income but cannot be carried back. Distributed capital gains on sales of real estate as they relate to REIT activities are not subject to taxes; however, undistributed capital gains are taxed as capital gains. State income taxes are not significant.

	The Company follows the provisions of ASC Topic 740-10, “Accounting for Uncertainty in Income Taxes” which clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with ASC Topic 740, and prescribes a recognition threshold and measurement process for financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. This topic also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.

	Based on our evaluation, we have concluded that there are no significant uncertain tax positions requiring recognition in our consolidated financial statements. Our evaluation was performed for the tax years ended December 31, 2013 and 2012. The Company’s federal income tax returns since 2010 are subject to examination by the Internal Revenue Service, generally for a period of three years after the returns were filed.



	We may from time to time be assessed interest or penalties by major tax jurisdictions, although any such assessments historically have been minimal and immaterial to our financial results. In the event we have received an assessment for interest and/or penalties, it has been classified in the consolidated financial statements as selling, general and administrative expense.
Depreciation	'
	Depreciation. Depreciation of the corporate offices properties held for investment is computed using the straight-line method over its estimated useful life of 39.5 years. Depreciation expense for the corporate offices for each of the years ended December 31, 2013 and 2012 was approximately $16,000.
Fair Value of Financial Instruments	'

	Fair Value of Financial Instruments. The Company records its financial assets and liabilities at fair value, which is defined under the applicable accounting standards as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measure date. The Company uses valuation techniques to measure fair value, maximizing the use of observable outputs and minimizing the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value which are the following:

	●	Level 1 – Quoted prices in active markets for identical assets or liabilities.

	●	Level 2 – Inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities; quoted prices in markets that are not active; or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

	●	Level 3 – Inputs include management’s best estimate of what market participants would use in pricing the asset or liability at the measurement date. The inputs are unobservable in the market and significant to the instrument’s valuation.



	An investment’s categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.



	The carrying value of financial instruments including other receivables, notes and advances due from related parties, accounts payable and accrued expenses and mortgages and notes payable approximate their fair values at December 31, 2013 and 2012, due to their relatively short terms or variable interest rates.



	Cash equivalents are classified within Level 1 or Level 2 of the fair value hierarchy because they are valued using quoted market prices, broker or dealer quotations, or alternative pricing sources with reasonable levels of transparency. Other investments which are measured by investees at net asset value per share or its equivalent are also classified within Level 2. The fair value of the interest rate swap contract payable is based on the value provided by the issuing bank on a monthly basis (Level 2).

	The valuation of other investments not included above requires significant judgment by the Company’s management due to the absence of quoted market values, inherent lack of liquidity and long-term nature of such assets and have been classified within Level 3. Such investments are valued initially based upon transaction price. Valuations are reviewed periodically utilizing available market data and additional factors to determine if the carrying value of these investments should be adjusted. In determining valuation adjustments, emphasis is placed on market participants’ assumptions and market-based information over entity-specific information.
Marketable Securities	'

	Marketable Securities. The entire marketable securities portfolio is classified as trading consistent with the Company’s overall investment objectives and activities. Accordingly, all unrealized gains and losses on the Company’s marketable securities investment portfolio are included in the consolidated statements of comprehensive income.



	Gross gains and losses on the sale of marketable securities are based on the first-in first-out method of determining cost.



	Marketable securities from time to time are pledged as collateral pursuant to broker margin requirements. At December 31, 2013 and 2012, there were no margin balances outstanding.
Notes and other receivables	'
	Notes and other receivables. Management periodically performs a review of amounts due on its notes and other receivable balances to determine if they are impaired based on factors affecting the collectability of those balances. Management’s estimates of collectability of these receivables requires management to exercise significant judgment about the timing, frequency and severity of collection losses, if any, and the underlying value of collateral, which may affect recoverability of such receivables. As of December 31, 2013 and 2012, the Company had no allowances for bad debt.
Equity investments	'

	Equity investments. Investments in which the Company does not have a majority voting or financial controlling interest but has the ability to exercise influence are accounted for under the equity method of accounting, even though the Company may have a majority interest in profits and losses. The Company follows ASC Topic 323-30 in accounting for its investments in limited partnerships. This guidance requires the use of the equity method for limited partnership investments of more than 3 to 5 percent.



	The Company has no voting or financial controlling interests in its other investments which include entities that invest venture capital funds in growth oriented enterprises. These other investments are carried at cost less adjustments for other than temporary declines in value.
Comprehensive Income	'
	Comprehensive Income. The Company reports comprehensive income in its consolidated statements of comprehensive income. Comprehensive income is the change in equity from transactions and other events from nonowner sources. Comprehensive income includes net income (loss) and other comprehensive income (loss). For the years ended December 31, 2013 and 2012, comprehensive income consisted of unrealized gain from interest rate swap contract of $982,500 and $5,000, respectively.
Income (loss) per common share	'
	Income (loss) per common share. Net income (loss) per common share (basic and diluted) is based on the net income (loss) divided by the weighted average number of common shares outstanding during each year. Diluted net loss per share includes the dilutive effect of options to acquire common stock. Common shares outstanding include issued shares less shares held in treasury. There were 22,700 and 102,100 stock options outstanding as of December 31, 2013 and 2012, respectively. The 2013 options were included in the diluted earnings per share computation as their effect was dilutive. The 2012 options were not included in the diluted earnings per share computation as their effect would have been anti-dilutive.
Gain on sales of properties	'

	Gain on sales of properties. Gain on sales of properties is recognized when the minimum investment requirements have been met by the purchaser and title passes to the purchaser.



	In 2013 the Company sold its interests in the Grove Isle and Monty’s properties and recognized gain on sale of discontinued operations of $16.4 million, net of income taxes and incentive fee to Adviser.



	There were no sales of property in 2012.
Cash and cash Equivalents	'
	Cash and cash Equivalents. For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents.
Concentration of Credit Risk	'

	Concentration of Credit Risk. Financial instruments that potentially subject the Company to concentration of credit risk are cash and cash equivalent deposits in excess of federally insured limits, marketable securities, other receivables and notes and mortgages receivable. From time to time the Company may have bank deposits in excess of federally insured limits. The Company evaluates these excess deposits and transfers amounts to brokerage accounts and other banks to mitigate this exposure. As of December 31, 2013 we have approximately $560,000 of deposits in excess of federally insured limits.



	The Company maintains cash and equivalents in bank accounts which at times, may exceed federally-insured limits. The Company has not experienced any losses in such accounts and believes that it is not exposed to any significant credit risk on cash. The federally insured limit for time deposits is presently $250,000.
Interest rate swap contract	'

	Interest rate swap contract.

	The Company may or may not use interest rate swap contracts to reduce interest rate risk. The Company has no interest rate swap contracts outstanding as of December 31, 2013. The interest rate swap contract outstanding as of December 31, 2012 was satisfied in conjunction with the sale of the Monty’s property in March 2013.



	Interest rate swap contracts designated and qualifying as cash flow hedges are reported at fair value. The gain or loss on the effective portion of the hedge initially is included as a component of other comprehensive income and is subsequently reclassified into earnings when interest on the related debt is paid, or upon partial or full settlement of the contract.
Other intangible assets	'

	Other intangible assets:

	Deferred loan costs are amortized on a straight line basis over the life of the loan. This method approximates the effective interest rate method.
Non controlling Interest	'

	Non controlling Interest. Non controlling interest represents the noncontrolling or minority partners’ proportionate share of the equity of the Company’s majority owned subsidiaries. A summary for the years ended December 31, 2013 and 2012 is as follows:

			2013			2012
	Non controlling interest balance at beginning of year		$	2,917,000		$	2,818,000
	Non controlling partners’ interest in operating gains of consolidated subsidiaries			4,000			94,000
	Non controlling partners’ interest in gains of discontinued operations of consolidated subsidiaries			93,000			—
	Non controlling partners’ interest in sales of real estate			(1,750,000	)		—
	Reclassification of unrealized loss on interest rate swap agreement			(982,000	)		5,000

	Non controlling interest balance at end of year		$	282,000		$	2,917,000
Revenue recognition	'
	Revenue recognition. CII is the lessor of the Company’s principal executive offices and the Adviser corporate offices. This lease agreement is classified as an operating lease and accordingly all rental revenue is recognized as earned based upon total fixed cash flow over the initial term of the lease, using the straight line method. The lease agreement originally dated December 1, 1999, and was renewed in 2009. The lease provides for base rent of $48,000 per year payable in equal monthly installments during the five year term of the lease which expires on December 1, 2014. The Adviser, as tenant, pays utilities, certain maintenance and security expenses relating to the leased premises.
Impairment of long-lived assets	'
	Impairment of long-lived assets. The Company periodically reviews the carrying value of its properties and long-lived assets in relation to historical results, current business conditions and trends to identify potential situations in which the carrying value of assets may not be recoverable. If such reviews indicate that the carrying value of such assets may not be recoverable, the Company would estimate the undiscounted sum of the expected future cash flows of such assets or analyze the fair value of the asset, to determine if such sum or fair value is less than the carrying value of such assets to ascertain if a permanent impairment exists. If a permanent impairment exists, the Company would determine the fair value by using quoted market prices, if available, for such assets, or if quoted market prices are not available, the Company would discount the expected future cash flows of such assets and would adjust the carrying value of the asset to fair value. There were no impairment of long-lived assets in 2013 and 2012.
Share-based compensation	'

	Share-based compensation.

	The Company accounts for share-based compensation in accordance with ASC Topic 718 “Share-Based Payments”. The Company has used the Black-Scholes option pricing model to estimate the fair value of stock options on the dates of grant.
Recent accounting pronouncements	'

	Recent accounting pronouncements.

	In July 2013, the FASB issued guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. This guidance requires the unrecognized tax benefit to be presented in the financial statements as a reduction to a deferred tax asset. When a deferred tax asset is not available, or the asset is not intended to be used for this purpose, an entity should present the unrecognized tax benefit in the financial statements as a liability. The guidance will become effective for us at the beginning of our second quarter of fiscal 2014. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.



	In February 2013, the FASB issued ASU 2013-02, “Comprehensive Income (Topic 220): Reporting of Amounts Reclassified Out of Accumulated Other Comprehensive Income,” or ASU 2013-02. ASU 2013-02 implements the previously deferred requirement to disclose reclassification adjustments into and out of accumulated other comprehensive income in either a note or on the face of the financial statements. ASU 2013-02 was effective for the first interim or annual period beginning after December 15, 2012, and was applied prospectively. As we have not reclassified any balances into or out of accumulated other comprehensive income, the adoption of ASU 2013-02 did not have a material impact on our consolidated financial statements.



	In January 2013, the FASB issued guidance clarifying the scope of disclosure requirements for offsetting assets and liabilities. The amended guidance limits the scope of balance sheet offsetting disclosures to derivatives, repurchase agreements, and securities lending transactions to the extent that they are offset in the financial statements or subject to an enforceable master netting arrangement or similar agreement. The guidance will become effective for us at the beginning of our first quarter of fiscal 2014. We do not expect the adoption of this guidance will have a material impact on our consolidated financial statements.

DESCRIPTION_OF_BUSINESS_AND_SU2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Schedule of summary of non controlling interest	'
		2013			2012
	Non controlling interest balance at beginning of year	$	2,917,000		$	2,818,000
	Non controlling partners’ interest in operating gains of consolidated subsidiaries		4,000			94,000
	Non controlling partners’ interest in gains of discontinued operations of consolidated subsidiaries		93,000			—
	Non controlling partners’ interest in sales of real estate		(1,750,000	)		—
	Reclassification of unrealized loss on interest rate swap agreement		(982,000	)		5,000

	Non controlling interest balance at end of year	$	282,000		$	2,917,000

INVESTMENT_PROPERTIES_Tables

INVESTMENT PROPERTIES (Tables)	12 Months Ended
INVESTMENT PROPERTIES (Tables)	Dec. 31, 2013
Property, Plant and Equipment [Abstract]	'
Schedule of components of the company's investment properties and the related accumulated depreciation information	'
		31-Dec-13
				Accumulated
		Cost		Depreciation		Net
	Office building and other commercial property:
	Corporate Office - (Coconut Grove, FL) – Building	$	652,198	$	278,982	$	373,216
	Corporate Office – (Coconut Grove, FL) – Land		325,000		—		325,000
	Other (Montpelier, Vermont) – Building		52,000		52,000		—
	Other (Montpelier, Vermont) - Land and improvements (5.4 acres)		111,689		—		111,689
		$	1,140,887	$	330,982	$	809,905



		31-Dec-12
				Accumulated
		Cost		Depreciation		Net
	Office building and other commercial property:
	Corporate Office - (Coconut Grove, FL) – Building	$	652,198	$	262,826	$	398,372
	Corporate Office – (Coconut Grove, FL) – Land		325,000		—		325,000
	Other (Montpelier, Vermont) – Building		52,000		52,000		—
	Other (Montpelier, Vermont) - Land and improvements (5.4 acres)		111,689		—		111,689
	Totals	$	1,140,887	$	314,826	$	826,061

INVESTMENTS_IN_MARKETABLE_SECU1

INVESTMENTS IN MARKETABLE SECURITIES (Tables)	12 Months Ended
INVESTMENTS IN MARKETABLE SECURITIES (Tables)	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'
Schedule of marketable securities	'
		31-Dec-13								31-Dec-12
		Cost			Fair		Unrealized			Cost		Fair		Unrealized
	Description	Basis			Value		Gain (loss)			Basis		Value		Gain (loss)
	Real Estate Investment Trusts	$	345,000		$	351,000	$	6,000		$	174,000	$	122,000	($	52,000	)

	Mutual Funds, ETF & other		2,030,000			2,144,000		114,000			760,000		817,000		57,000

	Other Equity Securities		962,000			1,163,000		201,000			570,000		557,000		(13,000	)
	Total Equity Securities		3,337,000			3,658,000		321,000			1,504,000		1,496,000		(8,000	)
	Debt Securities		1,088,000			1,065,000		(23,000	)		621,000		662,000		41,000
	Total	$	4,425,000		$	4,723,000	$	298,000		$	2,125,000	$	2,158,000	$	33,000
Schedule of debt securities	'
		Cost			Fair Value
	2019 – 2023	$	25,000		$	26,000
	2024 – thereafter		1,063,000			1,039,000
		$	1,088,000		$	1,065,000
Schedule of summary of net gain from investments in marketable securities	'
	Description	2013			2012
	Net realized (loss) gain from sales of marketable securities	($	119,000	)	$	35,000
	Net unrealized gain from marketable securities		263,000			86,000
	Total net gain from investments in marketable securities	$	144,000		$	121,000

OTHER_INVESTMENTS_Tables

OTHER INVESTMENTS (Tables)	12 Months Ended
OTHER INVESTMENTS (Tables)	Dec. 31, 2013
Investments, All Other Investments [Abstract]	'
Schedule of summary of company's other investments	'
		Carrying values as of December 31,
	Investment Focus	2013			2012

	Venture capital funds – technology and communications	$	473,000		$	514,000

	Venture capital funds – diversified businesses		1,098,000			1,337,000

	Real estate and related		1,409,000			1,453,000

	Other		325,000			300,000

	Totals	$	3,304,000		$	3,604,000
Schedule of summary of net income from other investments	'
		2013			2012
	Income from investment in 49% owned affiliate (a)	$	94,000		$	57,000
	Real estate and related (b)		40,000			223,000
	Venture capital funds – diversified businesses (c)		104,000			121,000
	Other		10,000			—
	Total net income from other investments	$	248,000		$	401,000



	(a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). The increase in income is due to increased net income of TGIF as a result of higher investment income. In 2013 and 2012 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $196,000 each year. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments.



	(b) The gain in 2013 and 2012 consists primarily of cash distributions from an investment in real estate partnership which distributed proceeds from sales of its real estate.



	(c) The gain in 2013 and 2012 consists of cash distributions from various investments in partnerships owning diversified businesses which made cash and stock distributions from the sale or refinancing of operating companies and/or distributions from operating activities.
Schedule of fair value of separate accounts by major category of investment	'
		2013			2012
	Technology and related	($	50,000	)		—
	Real estate and related		—		($	28,000	)
	Total other than temporary impairment loss from other investments	($	50,000	)	($	28,000	)
Schedule of unrealized loss on investments	'
		As of December 31, 2013
		Less than 12 Months						Greater than 12 Months					Total
	Investment Description	Fair Value			Unrealized			Fair Value		Unrealized			Fair Value		Unrealized
	Investment Description	Fair Value			Loss			Fair Value		Loss			Fair Value		Loss
	Partnerships owning investments in technology related industries		—			—		$	346,000	$	(76,000	)	$	346,000	$	(76,000	)
	Partnerships owning real estate and related investments		—			—			246,000		(11,000	)		246,000		(11,000	)
	Total		—			—		$	592,000	$	(87,000	)	$	592,000	$	(87,000	)

		As of December 31, 2012
		Less than 12 Months						Greater than 12 Months					Total
	Investment Description	Fair Value			Unrealized			Fair Value		Unrealized			Fair Value		Unrealized
	Investment Description	Fair Value			Loss			Fair Value		Loss			Fair Value		Loss
	Partnerships owning investments in technology related industries	$	11,000		$	(10,000	)	$	374,000	$	(69,000	)	$	384,000	$	(79,000	)
	Partnerships owning diversified businesses		—			—			241,000		(5,000	)		241,000		(5,000	)
	Partnerships owning real estate and related investments		—			—			231,000		(49,000	)		231,000		(49,000	)
	Total	$	11,000		$	(10,000	)	$	846,000	$	(123,000	)	$	856,000	$	(133,000	)

FAIR_VALUE_INSTRUMENTS_Tables

FAIR VALUE INSTRUMENTS (Tables)	12 Months Ended
FAIR VALUE INSTRUMENTS (Tables)	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Schedule of assets and liabilities measured at fair value on a recurring basis	'
	Fair value measurement at reporting date using
			Total			Quoted Prices in Active		Significant Other		Significant
			December 31,			Markets for Identical Assets		Observable Inputs		Unobservable Inputs
	Description		2013			(Level 1)		(Level 2)		(Level 3)
	Assets:
	Cash equivalents:
	Time deposits		$	55,000			—	$	55,000		—
	Money market mutual funds			1,257,000		$	1,257,000		—		—
	U.S. T-bills			15,305,000		$	15,305,000		—		—
	Marketable securities:
	Corporate debt securities			1,065,000			—		1,065,000		—
	Marketable equity securities			3,658,000			3,658,000		—		—
	Total assets		$	21,340,000		$	20,220,000	$	1,120,000	$	—



			Fair value measurement at reporting date using
			Total			Quoted Prices in Active		Significant Other		Significant
			December 31,			Markets for Identical Assets		Observable Inputs		Unobservable Inputs
	Description		2012			(Level 1)		(Level 2)		(Level 3)
	Assets:
	Cash equivalents:
	Time deposits		$	54,000			—	$	54,000		—
	Money market mutual funds			783,000		$	783,000		—		—
	Marketable securities:
	Corporate debt securities			662,000			—		662,000		—
	Marketable equity securities			1,497,000			1,497,000		—		—
	Total assets		$	2,996,000		$	2,280,000	$	716,000	$	—

	Liabilities:
	Interest rate swap contract			1,965,000			—		1,965,000		—
	Total liabilities		$	1,965,000			—	$	1,965,000		—
Schedule of assets and liabilities measured at fair value on a nonrecurring basis	'
	Fair value measurement at reporting date using											Total
			Total			Quoted Prices in Active		Significant Other		Significant			losses for
			December 31,			Markets for Identical Assets		Observable Inputs		Unobservable Inputs			year ended
	Description		2013			(Level 1)		(Level 2) (a)		(Level 3) (b)			12/31/13
	Assets:
	Other investments by investment focus:
	Technology & Communication		$	472,000		$	—	$	472,000	$	—		$	50,000
	Diversified businesses			1,098,000			—		1,098,000		—			—
	Real estate and related			1,409,000			—		462,000		947,000			—
	Other			325,000			—		—		325,000			—
	Total assets		$	3,304,000		$	—	$	2,032,000	$	1,272,000		$	50,000



			Fair value measurement at reporting date using										Total
			Total			Quoted Prices in Active		Significant Other		Significant			losses for
			December 31,			Markets for Identical Assets		Observable Inputs		Unobservable Inputs			year ended
	Description		2012			(Level 1)		(Level 2) (a)		(Level 3) (b)			12/31/12
	Assets:
	Other investments by investment focus:
	Technology & Communication		$	514,000		$	—	$	514,000	$	—		$	—
	Diversified businesses			1,337,000			—		1,337,000		—			—
	Real estate and related			1,453,000			—		500,000		953,000			28,000
	Other			300,000			—		—		300,000			—
			$	3,604,000		$	—	$	2,351,000	$	1,253,000		$	28,000

	Goodwill (Bayshore)			5,628,000							5,628,000			—
	Total assets		$	9,232,000		$	—	$	2,351,000	$	6,881,000		$	28,000



		(a)	Other investments measured at fair value on a non recurring basis include investments in certain entities that calculate net asset value per share (or its equivalent such as member units or an ownership interest in partners’ capital to which a proportionate share of net assets is attributed, “NAV”). This class primarily consists of private equity funds that have varying investment focus. These investments can never be redeemed with the funds. Instead, the nature of the investments in this class is that distributions are received through the liquidation of the underlying assets of the fund. If these investments were held it is estimated that the underlying assets of the fund would be liquidated over 5 to 10 years. As of December 31, 2013, it is probable that all of the investments in this class will be sold at an amount different from the NAV of the Company’s ownership interest in partners’ capital. Therefore, the fair values of the investments in this class have been estimated using recent observable information such as audited financial statements and/or statements of partners’ capital obtained directly from investees on a quarterly or other regular basis. During the year ended December 31, 2013, the Company received distributions of approximately $511,000 from this type of investment primarily from investments in diversified businesses and real estate. During the year ended December 31, 2013 the Company made contributions totaling $111,000 in this type of investment. As of December 31, 2013, the amount of the Company’s unfunded commitments related to the aforementioned investments is approximately $912,000.

		(b)	Other investments above which are measured on a nonrecurring basis using Level 3 unobservable inputs consist of investments primarily in commercial real estate in Florida through private partnerships and two investments in the stock of private banks in Florida and Texas. The Company does not know when it will have the ability to redeem the investments and has categorized them as a Level 3 fair value measurement. The Level 3 real estate and related investments of approximately $947,000 include one investment in a commercial building located near the Company’s offices purchased in 2005 with a carrying value as of December 31, 2013 of $724,000. These investments are measured using primarily inputs provided by the managing member of the partnerships with whom the Company has done similar transactions in the past and is well known to management. The fair values of these real estate investments have been estimated using the net asset value of the Company’s ownership interest in partners’ capital. The investments in private bank stocks include a South Florida community bank in the amount of $25,000 made in December 2013, a private bank and trust located in Coral Gables, Florida in the amount of $250,000 made in 2009, and a $50,000 investment in a bank located in El Campo, Texas made in 2010. The fair values of these bank stock investments have been estimated using the cost method less distributions received and other than temporary impairments. This investment is valued using inputs provided by the management of the banks.
Schedule of roll-forward of the investments classified within level 3	'
			Level 3 Investments:
	Balance at January 1, 2013		$	1,253,000
	Investment in private community bank			25,000
	Distributions from Level 3 investments			(6,000	)
	Transfers from Level 2			—
	Balance at December 31, 2013		$	1,272,000

LOANS_NOTES_AND_OTHER_RECEIVAB1

LOANS, NOTES AND OTHER RECEIVABLES (Tables)	12 Months Ended
LOANS, NOTES AND OTHER RECEIVABLES (Tables)	Dec. 31, 2013
Receivables [Abstract]	'
Schedule of loans, notes and other receivables	'
			As of December 31,
	Description		2013		2012
	Promissory note and accrued interest due from purchaser of Grove Isle (a)		$	1,034,000	$	—
	Promissory note and accrued interest due from individual (b)			214,000		208,000
	Other			160,000		88,000
	Total loans, notes and other receivables		$	1,408,000	$	296,000



		(a)	In February 2013, the Company sold its interest in Grove Isle and related entities and received a $1 million promissory note from the purchaser as part of the purchase proceeds. This note bears interest of 4% per annum and will mature upon the earlier of ten years (February 25, 2023) or when any expansion or development (as defined in the purchase agreement) occurs at Grove Isle.

		(b)	In December 2007 the Company loaned $400,000 to a local real estate developer who is well known to the Company and which loan is secured by numerous real estate interests. In 2010 $197,000 of principal payments were received. In February 2014, the loan was modified and the maturity date was extended to February 1, 2015. The loan modification requires the borrower to keep current on monthly interest only payments at same annual rate of 9% and pay past due interest as of December 31, 2013 of approximately $9,000 in four monthly installments beginning February 1, 2014.

INCOME_TAXES_Tables

INCOME TAXES (Tables)	12 Months Ended
INCOME TAXES (Tables)	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Schedule of components of income before income taxes and the effect of adjustments to tax computed at the federal statutory rate	'
		2013			2012
	Income (loss) before income taxes	$	17,684,000		($	60,000	)
	Computed tax at federal statutory rate of 34%	$	6,012,000		($	20,000	)
	State taxes at 5.5%		973,000			(4,000	)
	REIT capital gains dividend paid		(1,645,000	)		—
	Utilization of net operating loss carryover		(2,408,000	)		—
	REIT related adjustments		(407,000	)		(21,000	)
	Unrealized gain from marketable securities for book not tax		(26,000	)		(31,000	)
	Other items, net		9,000			10,000
	Tax provision for (benefit from) income taxes	$	2,508,000		($	66,000	)
Schedule of benefit from income taxes in the consolidated statements of comprehensive income	'
	Year ended December 31,	2013			2012
	Current:
	Federal		1,347,000			—
	State		246,000			—
			1,593,000			—
	Deferred:
	Federal	$	905,000		($	60,000	)
	State		10,000			(6,000	)
			915,000			(66,000	)
	Total	$	2,508,000		($	66,000	)
Schedule of components of the deferred tax assets and liabilities	'
		As of December 31, 2013						As of December 31, 2012
		Deferred tax						Deferred tax
		Assets			Liabilities			Assets		Liabilities
	Net operating loss carry forward	$	110,000					$	471,000
	Excess of book basis of 49% owned corporation over tax basis				$	424,000				$	418,000


	Excess of tax basis over book basis of assets associated with real estate interests held for sale		—						286,000
	Unrealized gain on marketable securities					105,000					32,000
	Excess of tax basis over book basis of other investments		306,000			104,000			508,000		117,000
	Totals	$	416,000		$	633,000		$	1,265,000	$	567,000

STOCKBASED_COMPENSATION_Tables

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
STOCK-BASED COMPENSATION (Tables)	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of stock option plan	'
			As of December 31, 2013						As of December 31, 2012
			Shares				Weighted		Shares		Weighted
							Average Exercise				Average Exercise
							Price				Price
	Outstanding at the beginning of the period			102,100			$	4.99		102,100	$	4.99
	Granted			17,700			$	18.35		—		—
	Exercised			(97,100	)		$	5		—		—
	Expired			—				—		—		—
	Forfeited			—				—		—		—
	Outstanding at the end of the period			22,700			$	15.37		102,100	$	4.99

	Options exercisable at period-end			22,700			$	15.37		102,100	$	4.99
	Weighted average fair value of options granted during the period			17,700			$	18.35		102,100		—
	Aggregate intrinsic value of outstanding and exercisable options at the end of the period			22,700			$	2.63				—
Schedule of outstanding and exercisable options	'
	Number Outstanding				Weighted Average
	and exercisable				Strike Prices
		5,000			$	4.8
		9,500			$	17.84
		7,500			$	18.89
		700			$	19.5
		22,700			$	15.37

BASIC_AND_DILUTED_EARNINGS_PER1

BASIC AND DILUTED EARNINGS PER SHARE (Tables)	12 Months Ended
BASIC AND DILUTED EARNINGS PER SHARE (Tables)	Dec. 31, 2013
Earnings Per Share [Abstract]	'
Schedule of basic and diluted earnings per share	'
		For the year ended
	Basic:	31-Dec-13
	Net income	$	15,175,987

	Weighted average shares outstanding		1,004,599
	Basic earnings per share	$	15.11



		For the year ended
	Diluted:	31-Dec-13
	Net income	$	15,175,987

	Weighted average shares outstanding		1,004,599
	Plus incremental shares from assumed conversion		1,468

	Diluted weighted average common shares		1,006,067
	Diluted earnings per share	$	15.08

DISCONTINUED_OPERATIONS_AND_RE1

DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of results of operations for the real estate interests, discontinued operations	'
		For the year
		ended December 31,
	Revenues:	2013			2012
	Rental and related revenue	$	171,000		$	1,802,000
	Food & beverage sales		1,950,000		$	6,179,000
	Marina revenue		382,000		$	1,657,000
	Other		—		$	430,000
	Total revenue	$	2,503,000		$	10,068,000
	Expenses:
	Rental operating expenses		97,000			550,000
	Food & beverage operation expenses		1,430,000			5,150,000
	Marina expenses		178,000			959,000
	Professional fees		53,000			227,000
	Interest expense		190,000			769,000
	Depreciation, amortization and other expenses		199,000			1,291,000
	Total expenses	$	2,147,000		$	8,946,000

	Less: noncontrolling interest sold		(212,000	)		—

	Gain on sale of discontinued operations, net of incentive fee		18,803,000			—

	Provision for income tax expense on gain on sale of discontinued operations		(2,508,000	)		—
	Income from discontinued operations	$	16,439,000		$	1,122,000
Schedule of major classes of assets and liabilities associated with the real estate interest held for sale	'
		31-Dec-13			31-Dec-12
	Grove Isle Spa remaining interest	$	—		$	1,434,000
	Grove Isle land, hotel, club building and marina		—			1,801,000
	Grove Isle other assets		—			222,000
	Bayshore Restaurant, marina and retail offices		—			7,822,000
	Bayshore goodwill		—			5,629,000
	Bayshore other receivables		—			206,000
	Bayshore other assets		—			985,000
	Assets associated with real estate interests held for sale	$	—		$	18,099,000


	Grove Isle mortgage note payable	$	—		$	2,696,000
	Grove Isle accrued and other liabilities		—			23,000
	Bayshore mortgage note payable		—			8,190,000
	Bayshore interest rate swap contract payable		—			1,965,000
	Bayshore accrued and other liabilities		—			510,000
	Obligations associated with real estate interests held for sale	$	—		$	13,384,000

DESCRIPTION_OF_BUSINESS_AND_SU3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Summary of non-Controlling Interest (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]	'	'
Non controlling interest balance at beginning of year	$2,917,072	'
Non controlling partners' interest in operating gains of consolidated subsidiaries	96,919	94,100
Reclassification of unrealized loss on interest rate swap agreement	982,500	5,000
Non controlling interest balance at end of year	281,804	2,917,072
Noncontrolling Interest	'	'
Stockholders' Equity Attributable to Noncontrolling Interest [Roll Forward]	'	'
Non controlling interest balance at beginning of year	2,917,000	2,818,000
Non controlling partners' interest in operating gains of consolidated subsidiaries	4,000	94,000
Non controlling partners' interest in gains of discontinued operations of consolidated subsidiaries	93,000	'
Non controlling partners' interest in sales of real estate	-1,750,000	'
Reclassification of unrealized loss on interest rate swap agreement	-982,000	5,000
Non controlling interest balance at end of year	$282,000	$2,917,000

DESCRIPTION_OF_BUSINESS_AND_SU4

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	49.00%	'
Repayment of note	$311,488	$830,775
Period under income tax examination	'3 years	'
Estimated useful life corporate offices	'39 years 6 months	'
Depreciation expense for corporate offices	16,000	16,000
Comprehensive income consisted of unrealized gain from interest rate swap contract	982,500	5,000
Stock options outstanding (in shares)	22,700	102,100
Interests in Grove Isle and Monty's properties and recognized gain on sale of discontinued operations	16,400,000	'
Deposits in excess of federally insured limits	560,000	'
Federally insured limit for time deposits	250,000	'
Base rent per year payable	48,000	'
Term of lease	'5 years	'
HMG/Courtland Properties, Inc. \| Courtland Investments, Inc.	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	95.00%	'
HMG/Courtland Properties, Inc. \| South Bayshore Associates	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	75.00%	75.00%
Masscap Investments Company, Inc. \| Courtland Investments, Inc.	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	5.00%	'
Transco Realty Trust \| HMG/Courtland Properties, Inc.	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	45.00%	'
Transco Realty Trust \| South Bayshore Associates	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	'	45.00%
Repayment of note	$300,000	'
Courtland Investments, Inc. \| Courtland Houston, Inc.	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	80.00%	'
Sole Employee \| Courtland Houston, Inc.	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	20.00%	'
Baleen Associates, Inc. \| Partnership, Executive Suite Rental Business	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	50.00%	'
Montpelier, VT \| River Corp 260	'	'
Accounting Policies [Line Items]	'	'
Equity method investment, ownership percentage	70.00%	'
Montpelier, VT \| Acres	'	'
Accounting Policies [Line Items]	'	'
Area of vacant commercial building	'5.4	'

INVESTMENT_PROPERTIES_Summary_

INVESTMENT PROPERTIES - Summary of Investment Properties with Accumulated Depreciation (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Property, Plant and Equipment [Line Items]	'	'
Net	$809,905	$826,061
Corporate Office	'	'
Property, Plant and Equipment [Line Items]	'	'
Accumulated Depreciation	278,982	262,826
Corporate Office \| Gross	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	652,198	652,198
Corporate Office \| Net	'	'
Property, Plant and Equipment [Line Items]	'	'
Net	373,216	398,372
Corporate Office Land \| Gross	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	325,000	325,000
Corporate Office Land \| Net	'	'
Property, Plant and Equipment [Line Items]	'	'
Net	325,000	325,000
Montpelier, VT	'	'
Property, Plant and Equipment [Line Items]	'	'
Accumulated Depreciation	52,000	52,000
Montpelier, VT \| Gross	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	52,000	52,000
Montpelier Land \| Gross	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	111,689	111,689
Montpelier Land \| Net	'	'
Property, Plant and Equipment [Line Items]	'	'
Net	111,689	111,689
Total Office Building and Other Commercial Property	'	'
Property, Plant and Equipment [Line Items]	'	'
Accumulated Depreciation	330,982	314,826
Total Office Building and Other Commercial Property \| Gross	'	'
Property, Plant and Equipment [Line Items]	'	'
Cost	1,140,887	1,140,887
Total Office Building and Other Commercial Property \| Net	'	'
Property, Plant and Equipment [Line Items]	'	'
Net	$809,905	$826,061

INVESTMENTS_IN_MARKETABLE_SECU2

INVESTMENTS IN MARKETABLE SECURITIES - Summary of Investments in marketable securities (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Fair Value	$4,722,597	$2,158,330
Real Estate Investment Trusts	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Cost Basis	345,000	174,000
Fair Value	351,000	122,000
Unrealized Gain (loss)	6,000	-52,000
Mutual Funds, ETF & other	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Cost Basis	2,030,000	760,000
Fair Value	2,144,000	817,000
Unrealized Gain (loss)	114,000	57,000
Other Equity Securities	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Cost Basis	962,000	570,000
Fair Value	1,163,000	557,000
Unrealized Gain (loss)	201,000	-13,000
Total Equity Securities	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Cost Basis	3,337,000	1,504,000
Fair Value	3,658,000	1,496,000
Unrealized Gain (loss)	321,000	-8,000
Debt Securities	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Cost Basis	1,088,000	621,000
Fair Value	1,065,000	662,000
Unrealized Gain (loss)	-23,000	41,000
Total	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Cost Basis	4,425,000	2,125,000
Fair Value	4,723,000	2,158,000
Unrealized Gain (loss)	$298,000	$33,000

INVESTMENTS_IN_MARKETABLE_SECU3

INVESTMENTS IN MARKETABLE SECURITIES - Summary of maturities of debt securities (Details 2) (USD $)	Dec. 31, 2013
Investments, Debt and Equity Securities [Abstract]	'
2019 - 2023, Cost	$25,000
2019 - 2023, Fair Value	26,000
2024 - thereafter, Cost	1,063,000
2024 - thereafter, Fair Value	1,039,000
Total held to maturity securities, Cost	1,088,000
Total held to maturity securities, Fair Value	$1,065,000

INVESTMENTS_IN_MARKETABLE_SECU4

INVESTMENTS IN MARKETABLE SECURITIES - Summary of net gains from Investments in marketable securities (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Net realized (loss) gain from sales of marketable securities	$144,219	$120,696
Total	'	'
Schedule of Trading Securities and Other Trading Assets [Line Items]	'	'
Net realized (loss) gain from sales of marketable securities	-119,000	35,000
Net unrealized gain from marketable securities	263,000	86,000
Total net gain from investments in marketable securities	$144,000	$121,000

INVESTMENTS_IN_MARKETABLE_SECU5

INVESTMENTS IN MARKETABLE SECURITIES (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Investments, Debt and Equity Securities [Abstract]	'	'
Net unrealized gains on trading securities	$263,000	$86,000
Trading securities, realized gain	57,000	152,000
Trading securities, realized loss	$176,000	$117,000

OTHER_INVESTMENTS_Summary_of_o

OTHER INVESTMENTS - Summary of other investments (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Schedule of Investments [Line Items]	'	'
Investment Focus	$3,304,000	$3,604,000
Venture capital funds - technology and communications	'	'
Schedule of Investments [Line Items]	'	'
Investment Focus	473,000	514,000
Venture capital funds - diversified businesses	'	'
Schedule of Investments [Line Items]	'	'
Investment Focus	1,098,000	1,337,000
Real estate and related	'	'
Schedule of Investments [Line Items]	'	'
Investment Focus	1,409,000	1,453,000
Other	'	'
Schedule of Investments [Line Items]	'	'
Investment Focus	$325,000	$300,000

OTHER_INVESTMENTS_Summary_of_i

OTHER INVESTMENTS - Summary of income from Other Investments (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Schedule of Investments [Line Items]	'		'
Income from Cost Method Investments	$248,000		$401,000
T.G.I.F. Texas, Inc.	'		'
Schedule of Investments [Line Items]	'		'
Income from Cost Method Investments	94,000	[1]	57,000	[1]
Real estate and related	'		'
Schedule of Investments [Line Items]	'		'
Income from Cost Method Investments	40,000	[2]	223,000	[2]
Venture capital funds - diversified businesses	'		'
Schedule of Investments [Line Items]	'		'
Income from Cost Method Investments	104,000	[3]	121,000	[3]
Other	'		'
Schedule of Investments [Line Items]	'		'
Income from Cost Method Investments	$10,000		'

[1]	This gain represents income from the Company's 49% owned affiliate, T.G.I.F. Texas, Inc. ("TGIF"). The increase in income is due to increased net income of TGIF as a result of higher investment income. In 2013 and 2012 TGIF declared and paid a cash dividend, the Company's portion of which was approximately $196,000 each year. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments.
[2]	The gain in 2013 and 2012 consists primarily of cash distributions from an investment in real estate partnership which distributed proceeds from sales of its real estate.
[3]	The gain in 2013 and 2012 consists of cash distributions from various investments in partnerships owning diversified businesses which made cash and stock distributions from the sale or refinancing of operating companies and/or distributions from operating activities.

OTHER_INVESTMENTS_Summary_of_v

OTHER INVESTMENTS - Summary of valuation losses in other investments (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Schedule of Investments [Line Items]	'	'
Other than temporary impairment loss from other investments	$50,000	$27,666
Technology and related	'	'
Schedule of Investments [Line Items]	'	'
Other than temporary impairment loss from other investments	-50,000	'
Real estate and related	'	'
Schedule of Investments [Line Items]	'	'
Other than temporary impairment loss from other investments	'	-28,000
Total	'	'
Schedule of Investments [Line Items]	'	'
Other than temporary impairment loss from other investments	($50,000)	($28,000)

OTHER_INVESTMENTS_Summary_of_f

OTHER INVESTMENTS - Summary of fair value and unrealized losses on other investments (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Schedule of Investments [Line Items]	'	'
Fair Value	$592,000	$856,000
Unrealized Loss	-87,000	-133,000
Venture capital funds - technology and communications	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	346,000	384,000
Unrealized Loss	-76,000	-79,000
Venture capital funds - diversified businesses	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	'	241,000
Unrealized Loss	'	-5,000
Real estate and related	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	246,000	231,000
Unrealized Loss	-11,000	-49,000
Position of Less than 12 Months	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	'	11,000
Unrealized Loss	'	-10,000
Position of Less than 12 Months \| Venture capital funds - technology and communications	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	'	11,000
Unrealized Loss	'	-10,000
Position of Greater than 12 Months	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	592,000	846,000
Unrealized Loss	-87,000	-123,000
Position of Greater than 12 Months \| Venture capital funds - technology and communications	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	346,000	374,000
Unrealized Loss	-76,000	-69,000
Position of Greater than 12 Months \| Venture capital funds - diversified businesses	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	'	241,000
Unrealized Loss	'	-5,000
Position of Greater than 12 Months \| Real estate and related	'	'
Schedule of Investments [Line Items]	'	'
Fair Value	246,000	231,000
Unrealized Loss	($11,000)	($49,000)

OTHER_INVESTMENTS_Detail_Textu

OTHER INVESTMENTS (Detail Textuals) (USD $)	12 Months Ended
OTHER INVESTMENTS (Detail Textuals) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Schedule of Investments [Line Items]	'	'
Cost-method investments, description	'	'
Cost-method investments, description	30	'
Cost Method Investments	$3,304,000	$3,604,000
Commitments and contingencies	'	'
Other than temporary impairment loss from other investments	50,000	27,666
Contributions	'	'
Schedule of Investments [Line Items]	'	'
Payments for (Proceeds from) Investments	136,000	244,000
Distributions	'	'
Schedule of Investments [Line Items]	'	'
Impaired Financing Receivable, Recorded Investment	516,000	662,000
Venture capital funds - technology and communications	'	'
Schedule of Investments [Line Items]	'	'
Cost Method Investments	473,000	514,000
Other than temporary impairment loss from other investments	50,000	'
Partnership Operating and Leasing Executive Suites, Miami, FL	'	'
Schedule of Investments [Line Items]	'	'
Other than temporary impairment loss from other investments	'	28,000
Other Investments	'	'
Schedule of Investments [Line Items]	'	'
Commitments and contingencies	912,000	'
T.G.I.F. Texas, Inc.	'	'
Schedule of Investments [Line Items]	'	'
Investment income, dividend	$196,000	$196,000
HMG/Courtland Properties, Inc. \| Other Investments	'	'
Schedule of Investments [Line Items]	'	'
Noncontrolling Interest, Ownership Percentage by Parent	3.00%	'
HMG/Courtland Properties, Inc. \| T.G.I.F. Texas, Inc.	'	'
Schedule of Investments [Line Items]	'	'
Noncontrolling Interest, Ownership Percentage by Parent	49.00%	49.00%

FAIR_VALUE_INSTRUMENTS_Summary

FAIR VALUE INSTRUMENTS - Summary of fair value measurements of financial Instruments on a recurring basis (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Total	'	'
Cash equivalents:	'	'
Time deposits	$55,000	$54,000
Money market mutual funds	1,257,000	783,000
U.S. T-bills	15,305,000	'
Marketable securities:	'	'
Corporate debt securities	1,065,000	662,000
Marketable equity securities	3,658,000	1,497,000
Total assets	21,340,000	2,996,000
Liabilities:	'	'
Interest rate swap contract	'	1,965,000
Total liabilities	'	1,965,000
Quoted Prices in Active Markets for Identical Assets (Level 1)	'	'
Cash equivalents:	'	'
Money market mutual funds	1,257,000	783,000
U.S. T-bills	15,305,000	'
Marketable securities:	'	'
Marketable equity securities	3,658,000	1,497,000
Total assets	20,220,000	2,280,000
Significant Other Observable Inputs (Level 2)	'	'
Cash equivalents:	'	'
Time deposits	55,000	54,000
Marketable securities:	'	'
Corporate debt securities	1,065,000	662,000
Total assets	1,120,000	716,000
Liabilities:	'	'
Interest rate swap contract	'	1,965,000
Total liabilities	'	$1,965,000

FAIR_VALUE_INSTRUMENTS_Summary1

FAIR VALUE INSTRUMENTS - Summary of fair value measurement of investments on a non-recurring basis (Details 1) (USD $)	Dec. 31, 2013		Dec. 31, 2012
Total	'		'
Other investments by investment focus:	'		'
Other Investments	$3,304,000		$3,604,000
Goodwill (Bayshore)	'		5,628,000
Total assets	'		9,232,000
Total \| Technology & Communication	'		'
Other investments by investment focus:	'		'
Other Investments	472,000		514,000
Total \| Diversified businesses	'		'
Other investments by investment focus:	'		'
Other Investments	1,098,000		1,337,000
Total \| Real estate and related	'		'
Other investments by investment focus:	'		'
Other Investments	1,409,000		1,453,000
Total \| Other	'		'
Other investments by investment focus:	'		'
Other Investments	325,000		300,000
Significant Other Observable Inputs (Level 2)	'		'
Other investments by investment focus:	'		'
Other Investments	2,032,000	[1]	2,351,000	[1]
Total assets	'		2,351,000	[1]
Significant Other Observable Inputs (Level 2) \| Technology & Communication	'		'
Other investments by investment focus:	'		'
Other Investments	472,000	[1]	514,000	[1]
Significant Other Observable Inputs (Level 2) \| Diversified businesses	'		'
Other investments by investment focus:	'		'
Other Investments	1,098,000	[1]	1,337,000	[1]
Significant Other Observable Inputs (Level 2) \| Real estate and related	'		'
Other investments by investment focus:	'		'
Other Investments	462,000	[1]	500,000	[1]
Significant Unobservable Inputs (Level 3)	'		'
Other investments by investment focus:	'		'
Other Investments	1,272,000	[2]	1,253,000	[2]
Goodwill (Bayshore)	'		5,628,000	[2]
Total assets	'		6,881,000	[2]
Significant Unobservable Inputs (Level 3) \| Real estate and related	'		'
Other investments by investment focus:	'		'
Other Investments	947,000	[2]	953,000	[2]
Significant Unobservable Inputs (Level 3) \| Other	'		'
Other investments by investment focus:	'		'
Other Investments	325,000	[2]	300,000	[2]
Total gain (losses) on Investment	'		'
Other investments by investment focus:	'		'
Other Investments	50,000		28,000
Total assets	'		28,000
Total gain (losses) on Investment \| Technology & Communication	'		'
Other investments by investment focus:	'		'
Other Investments	50,000		'
Total gain (losses) on Investment \| Real estate and related	'		'
Other investments by investment focus:	'		'
Other Investments	'		$28,000

[1]	Other investments measured at fair value on a non recurring basis include investments in certain entities that calculate net asset value per share (or its equivalent such as member units or an ownership interest in partners' capital to which a proportionate share of net assets is attributed, "NAV"). This class primarily consists of private equity funds that have varying investment focus. These investments can never be redeemed with the funds. Instead, the nature of the investments in this class is that distributions are received through the liquidation of the underlying assets of the fund. If these investments were held it is estimated that the underlying assets of the fund would be liquidated over 5 to 10 years. As of December 31, 2013, it is probable that all of the investments in this class will be sold at an amount different from the NAV of the Company's ownership interest in partners' capital. Therefore, the fair values of the investments in this class have been estimated using recent observable information such as audited financial statements and/or statements of partners' capital obtained directly from investees on a quarterly or other regular basis. During the year ended December 31, 2013, the Company received distributions of approximately $511,000 from this type of investment primarily from investments in diversified businesses and real estate. During the year ended December 31, 2013 the Company made contributions totaling $111,000 in this type of investment. As of December 31, 2013, the amount of the Company's unfunded commitments related to the aforementioned investments is approximately $912,000.
[2]	Other investments above which are measured on a nonrecurring basis using Level 3 unobservable inputs consist of investments primarily in commercial real estate in Florida through private partnerships and two investments in the stock of private banks in Florida and Texas. The Company does not know when it will have the ability to redeem the investments and has categorized them as a Level 3 fair value measurement. The Level 3 real estate and related investments of approximately $947,000 include one investment in a commercial building located near the Company's offices purchased in 2005 with a carrying value as of December 31, 2013 of $724,000. These investments are measured using primarily inputs provided by the managing member of the partnerships with whom the Company has done similar transactions in the past and is well known to management. The fair values of these real estate investments have been estimated using the net asset value of the Company's ownership interest in partners' capital. The investments in private bank stocks include a South Florida community bank in the amount of $25,000 made in December 2013, a private bank and trust located in Coral Gables, Florida in the amount of $250,000 made in 2009, and a $50,000 investment in a bank located in El Campo, Texas made in 2010. The fair values of these bank stock investments have been estimated using the cost method less distributions received and other than temporary impairments. This investment is valued using inputs provided by the management of the banks.

FAIR_VALUE_INSTRUMENTS_Summary2

FAIR VALUE INSTRUMENTS - Summary investment roll-forward using Level 3 unobservable inputs (Details 2) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Distributions from Level 3 investments	$50,000	$27,666
Significant Unobservable Inputs (Level 3)	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Balance at January 1, 2013	1,253,000	'
Investment in private community bank	25,000	'
Distributions from Level 3 investments	-6,000	'
Balance at December 31, 2013	$1,272,000	'

FAIR_VALUE_INSTRUMENTS_Detail_

FAIR VALUE INSTRUMENTS (Detail Textuals) (USD $)	12 Months Ended
FAIR VALUE INSTRUMENTS (Detail Textuals) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Distribution received from investment	$511,000	'
Proceeds from contributed capital	111,000	'
Commitments and contingencies	'	'
Other Aggregated Investments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Commitments and contingencies	912,000	'
Level 3 Real Estate and Related Investments	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments	724,000	'
Level 3 Real Estate and Related Investments \| Limited Partnership In Commercial Building FL	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments	947,000	'
Level 3 Private Banks \| Private Bank and Trust, Coral Gables, FL	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments	250,000	'
Level 3 Private Banks \| Private Bank, El Campo, TX	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments	50,000	'
Level 3 Private Banks \| South Florida community bank	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments	$25,000	'
Minimum	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments, liquidation period	'5 years	'
Maximum	'	'
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]	'	'
Investments, liquidation period	'10 years	'

INVESTMENT_IN_AFFILIATE_Detail

INVESTMENT IN AFFILIATE (Detail Textuals) (USD $)	12 Months Ended
INVESTMENT IN AFFILIATE (Detail Textuals) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Investments In Affiliates [Line Items]	'	'
Equity method investment, ownership percentage	49.00%	'
T.G.I.F. Texas, Inc.	'	'
Investments In Affiliates [Line Items]	'	'
Equity method investment, ownership percentage	49.00%	'
Income (loss) from equity method investments	$94,000	$57,000
Cash dividend declared and paid	$0.07	$0.07
Investment income, dividend	$196,000	$196,000

LOANS_NOTES_AND_OTHER_RECEIVAB2

LOANS, NOTES AND OTHER RECEIVABLES - Loans, Notes, and Other Receivables (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Notes, loans and financing receivable, net	$1,408,000		$296,000
Promissory note and accrued interest due from purchaser of Grove Isle	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Notes, loans and financing receivable, net	1,034,000	[1]	'
Promissory note and accrued interest due from individual	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Notes, loans and financing receivable, net	214,000	[2]	208,000	[2]
Other	'		'
Accounts, Notes, Loans and Financing Receivable [Line Items]	'		'
Notes, loans and financing receivable, net	$160,000		$88,000

[1]	In February 2013, the Company sold its interest in Grove Isle and related entities and received a $1 million promissory note from the purchaser as part of the purchase proceeds. This note bears interest of 4% per annum and will mature upon the earlier of ten years (February 25, 2023) or when any expansion or development (as defined in the purchase agreement) occurs at Grove Isle.
[2]	In December 2007 the Company loaned $400,000 to a local real estate developer who is well known to the Company and which loan is secured by numerous real estate interests. In 2010 $197,000 of principal payments were received. In February 2014, the loan was modified and the maturity date was extended to February 1, 2015. The loan modification requires the borrower to keep current on monthly interest only payments at same annual rate of 9% and pay past due interest as of December 31, 2013 of approximately $9,000 in four monthly installments beginning February 1, 2014.

LOANS_NOTES_AND_OTHER_RECEIVAB3

LOANS, NOTES AND OTHER RECEIVABLES (Detail Textuals) (USD $)	12 Months Ended			1 Months Ended
	Dec. 31, 2013	Dec. 31, 2010	Dec. 31, 2007	Feb. 28, 2013
	Installment	Dec. 31, 2010	Dec. 31, 2007	Grove Isle and related entities
Accounts, Notes, Loans and Financing Receivable [Line Items]	'	'	'	'
Amount of promissory note received from purchaser	'	'	'	$1,000,000
Interest rate of promissory note	'	'	'	4.00%
Maturity term of promissory note	'	'	'	'10 years
Loans receivable, gross, commercial, real estate	'	'	400,000	'
Proceeds from principal repayments on loans and leases held-for-investment	'	197,000	'	'
Mortgage loans on real estate, interest rate	9.00%	'	'	'
Past due interest receivable	$9,000	'	'	'
Number of monthly installments	4	'	'	'

NOTES_AND_ADVANCES_DUE_FROM_AN1

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Loans And Leases Receivable Related Parties [Line Items]	'	'
Equity method investment, ownership percentage	49.00%	'
Notes, loans and financing receivable, net	$1,408,000	$296,000
Noninterest expense directors fees	108,620	92,489
Transco Realty Trust	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Notes, loans and financing receivable, net	'	300,000
T.G.I.F. Texas, Inc. \| HMG \| Common Stock	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Investment owned, balance, shares (in shares)	10,000	10,000
Adviser	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Operating support from adviser, amount	3,116,000	1,056,000
Officers' compensation	1,020,000	1,020,000
Management fees, incentive revenue	2,096,000	36,000
Due from affiliates	'	397,000
Related party transaction, rate	'	1.00%
Adviser and subsidiaries paid	397,000	'
Loans and leases receivable, gross, other	'	48,000
Related party transaction, terms and manner of settlement	'five	'
Monthly compensation prior amendment	85,000	'
Monthly compensation post amendment	55,000	'
Annual compensation prior amendment	1,020,000	'
Annual compensation post amendment	660,000	'
T.G.I.F. Texas, Inc. \| Mr. Weiner	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Noninterest expense directors fees	22,000	22,000
T.G.I.F. Texas, Inc.	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Equity method investment, ownership percentage	49.00%	'
Transco Realty Trust \| South Bayshore Associates	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Equity method investment, ownership percentage	'	45.00%
Mr. Weiner \| T.G.I.F. Texas, Inc.	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Equity method investment, ownership percentage	18.00%	18.00%
Loans receivable, net	707,000	707,000
CII Spa, LLC \| T.G.I.F. Texas, Inc.	'	'
Loans And Leases Receivable Related Parties [Line Items]	'	'
Related party transaction, rate	3.25%	'
Equity method investment, ownership percentage	49.00%	49.00%
Notes, loans and financing receivable, net	$2,503,000	$2,815,000

INCOME_TAXES_Summary_of_Income

INCOME TAXES - Summary of Income tax reconciliations at federal statutory rate (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Income (loss) before income taxes	$17,684,000	($60,000)
Computed tax at federal statutory rate of 34%	6,012,000	-20,000
State taxes at 5.5%	973,000	-4,000
REIT capital gains dividend paid	-1,645,000	'
Utilization of net operating loss carryover	-2,408,000	'
REIT related adjustments	-407,000	-21,000
Unrealized gain from marketable securities for book not tax	-26,000	-31,000
Other items, net	9,000	10,000
Tax provision for (benefit from) income taxes	'	($66,000)

INCOME_TAXES_Summary_of_Income1

INCOME TAXES - Summary of Income tax reconciliations at federal statutory rate (Parentheticals) (Details)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]	'	'
Federal statutory rate	34.00%	34.00%
State tax rate	5.50%	5.50%

INCOME_TAXES_Summary_of_future

INCOME TAXES - Summary of future benefits from income taxes (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Current:	'	'
Federal	$1,347,000	'
State	246,000	'
Current income tax benefit	1,593,000	'
Deferred:	'	'
Federal	905,000	-60,000
State	10,000	-6,000
Deferred income tax benefit	'	-66,000
Total	'	($66,000)

INCOME_TAXES_Summary_of_deferr

INCOME TAXES - Summary of deferred tax assets and liabilities (Details 2) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'
Totals	'	$698,000
Assets	'	'
Income Taxes [Line Items]	'	'
Net operating loss carry forward	110,000	471,000
Excess of tax basis over book basis of assets associated with real estate interests held for sale	'	286,000
Excess of tax basis over book basis of other investments	306,000	508,000
Totals	416,000	1,265,000
Liabilities	'	'
Income Taxes [Line Items]	'	'
Excess of book basis of 49% owned corporation over tax basis	424,000	418,000
Unrealized gain on marketable securities	105,000	32,000
Excess of tax basis over book basis of other investments	104,000	117,000
Totals	$633,000	$567,000

INCOME_TAXES_Detail_Textuals

INCOME TAXES (Detail Textuals) (USD $)	1 Months Ended	12 Months Ended
INCOME TAXES (Detail Textuals) (USD $)	Nov. 30, 2013	Dec. 31, 2013	Dec. 31, 2012
Income Taxes [Line Items]	'	'	'
Cash dividend	$4,200,000	'	'
Cash dividend per share	$4	'	'
Undistributed tax capital gains	'	3,860,000	'
Undistributed tax capital gains per share	'	$3.67	'
Equity method investment, ownership percentage	'	49.00%	'
Deferred tax assets, net	'	'	698,000
Current income tax benefit	'	1,593,000	'
Deferred tax expense	'	'	-66,000
Operating loss carryforwards	'	296,000	'
Federal	'	'	'
Income Taxes [Line Items]	'	'	'
Current income tax benefit	'	1,350,000	'
State	'	'	'
Income Taxes [Line Items]	'	'	'
Current income tax benefit	'	250,000	'
CII Spa, LLC	'	'	'
Income Taxes [Line Items]	'	'	'
Net operating loss carry forward	'	361,000	'
Deferred tax assets, net	'	'	698,000
Deferred tax liabilities, net	'	217,000	'
Deferred tax expense	'	915,000	'
Tax basis of investments	'	189,000	'
Net decrease in investments with tax basis in excess of book	'	286,000	'
Operating loss carryforwards	'	$1,200,000	'
HMG \| CII Spa, LLC	'	'	'
Income Taxes [Line Items]	'	'	'
Equity method investment, ownership percentage	'	95.00%	'

STOCKBASED_COMPENSATION_Summar

STOCK-BASED COMPENSATION - Summary of company's Stock option plan (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]	'	'
Shares, Outstanding at the beginning of the period	102,100	102,100
Shares, Granted	17,700	'
Shares, Exercised	-97,100	'
Shares, Outstanding at the end of the period	22,700	102,100
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Rollforward]	'	'
Outstanding at the beginning of the period, Weighted Average Exercise Price (in Dollars per share)	$4.99	$4.99
Weighted Average Exercise Price, Granted (in Dollars per share)	$18.35	'
Weighted Average Exercise Price, Exercises (in Dollars per share)	$5	'
Outstanding at the beginning of the period, Weighted Average Exercise Price (in Dollars per share)	$15.37	$4.99
Options exercisable at period-end	22,700	102,100
Weighted average fair value of options granted during the period	17,700	102,100
Aggregate intrinsic value of outstanding and exercisable options at the end of the period	22,700	'
Options exercisable at period-end (in Dollars per share)	$15.37	$4.99
Weighted average fair value of options granted during the period (in Dollars per share)	$18.35	'
Aggregate intrinsic value of outstanding and exercisable options at the end of the period (in dollars per share)	$2.63	'

STOCKBASED_COMPENSATION_Inform

STOCK-BASED COMPENSATION - Information concerning outstanding and exercisable options (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'	'	'
Number of Outstanding and exercisable options	22,700	102,100	102,100
Weighted Average Strike Prices	$15.37	$4.99	$4.99
Stock Option	'	'	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'	'	'
Number of Outstanding and exercisable options	22,700	'	'
Weighted Average Strike Prices	$15.37	'	'
Stock Option \| Strike Prices $4.80	'	'	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'	'	'
Number of Outstanding and exercisable options	5,000	'	'
Weighted Average Strike Prices	$4.80	'	'
Stock Option \| Strike Prices $17.84	'	'	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'	'	'
Number of Outstanding and exercisable options	9,500	'	'
Weighted Average Strike Prices	$17.84	'	'
Stock Option \| Strike Prices $18.89	'	'	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'	'	'
Number of Outstanding and exercisable options	7,500	'	'
Weighted Average Strike Prices	$18.89	'	'
Stock Option \| Strike Prices $19.50	'	'	'
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range [Line Items]	'	'	'
Number of Outstanding and exercisable options	700	'	'
Weighted Average Strike Prices	$19.50	'	'

STOCKBASED_COMPENSATION_Detail

STOCK-BASED COMPENSATION (Detail Textuals) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
	Dec. 31, 2013	Dec. 31, 2012	Stock Option Plan 2011
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'
Number of option granted to purchase common stock	'	'	120,000
Number of reload stock option granted	17,700	'	'
weighted average fair value of option granted	$18.35	'	'
Expected volatility rate	37.00%	'	'
Method used to determine the fair value of option	'Black-Scholes option pricing model.	'	'
Risk-free interest rate	0.11%	'	'
Annual dividend rate	17.00%	'	'
Expected life for options	'3 years	'	'
Non-employee stock compensation expense	$20,000	$12,000	'
Unrecognized non-employee stock compensation expense	'	5,000	'
Intrinsic value of options exercised	1,300,000	'	'
Intrinsic value of options outstanding and exercisable	$60,000	'	'

BASIC_AND_DILUTED_EARNINGS_PER2

BASIC AND DILUTED EARNINGS PER SHARE - Basic and diluted earnings per share (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]	'	'
Net income	$15,175,987	$6,311
Weighted average shares outstanding (in shares)	1,004,599	1,001,593
Basic income per share (in dollars per share)	$15.11	$0.01
Net income (loss)	$15,175,987	$6,311
Weighted average common shares outstanding-basic (in shares)	1,004,599	1,001,593
Plus incremental shares from assumed conversion	1,468	'
Diluted weighted average common shares (in shares)	1,006,067	'
Diluted earnings per share	$15.08	$0.01

DISCONTINUED_OPERATIONS_AND_RE2

DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE - Results of Operations for Real Estate Interests Classified into Discontinued Operations (Details) (USD $)	1 Months Ended	12 Months Ended
	Feb. 25, 2013	Dec. 31, 2013	Dec. 31, 2012
Revenues:	'	'	'
Rental and related revenue	'	$64,142	$64,340
Total revenue	'	64,142	64,340
Expenses:	'	'	'
Rental operating expenses	'	73,983	105,216
Professional fees	'	173,439	111,811
Interest expense	'	88,427	102,084
Depreciation, amortization and other expenses	'	16,156	898,985
Total expenses	'	1,805,477	1,789,554
Non controlling partners' interest in operating gains of consolidated subsidiaries	'	96,919	94,100
Gain on sale of discontinued operations, net of incentive fee	19,000,000	'	'
Provision for income tax expense on gain on sale of discontinued operations	'	'	-66,000
Income from discontinued operations	'	16,439,449	1,122,167
Segment, Discontinued Operations \| Grove Isle	'	'	'
Revenues:	'	'	'
Rental and related revenue	'	171,000	1,802,000
Food & beverage sales	'	1,950,000	6,179,000
Marina revenue	'	382,000	1,657,000
Other	'	'	430,000
Total revenue	'	2,503,000	10,068,000
Expenses:	'	'	'
Rental operating expenses	'	97,000	550,000
Food & beverage operation expenses	'	1,430,000	5,150,000
Marina expenses	'	178,000	959,000
Professional fees	'	53,000	227,000
Interest expense	'	190,000	769,000
Depreciation, amortization and other expenses	'	199,000	1,291,000
Total expenses	'	2,147,000	8,946,000
Non controlling partners' interest in operating gains of consolidated subsidiaries	'	-212,000	'
Gain on sale of discontinued operations, net of incentive fee	'	18,803,000	'
Provision for income tax expense on gain on sale of discontinued operations	'	-2,508,000	'
Income from discontinued operations	'	$16,439,000	$1,122,000

DISCONTINUED_OPERATIONS_AND_RE3

DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE - Assets and Liabilities Associated with the Real Estate Interest Held for Sale (Details 1) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	$18,098,789
Grove Isle mortgage note payable	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Obligations associated with real interest held for sale	'	2,696,000
Grove Isle accrued and other liabilities	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Obligations associated with real interest held for sale	'	23,000
Bayshore mortgage note payable	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Obligations associated with real interest held for sale	'	8,190,000
Bayshore interest rate swap contract payable	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Obligations associated with real interest held for sale	'	1,965,000
Bayshore accrued and other liabilities	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Obligations associated with real interest held for sale	'	510,000
Total	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Obligations associated with real interest held for sale	'	13,384,000
Grove Isle Spa remaining interest	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	1,434,000
Grove Isle land, hotel, club building and marina	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	1,801,000
Grove Isle other assets	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	222,000
Bayshore Restaurant, marina and retail offices	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	7,822,000
Bayshore goodwill	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	5,629,000
Bayshore other receivables	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	206,000
Bayshore other assets	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	985,000
Total	'	'
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'
Assets associated with real estate interest held for sale	'	$18,099,000

DISCONTINUED_OPERATIONS_AND_RE4

DISCONTINUED OPERATIONS AND REAL ESTATE INTERESTS HELD FOR SALE (Details 2) (USD $)	1 Months Ended		12 Months Ended			1 Months Ended
	Jun. 30, 2013	Feb. 25, 2013	Dec. 31, 2013	Dec. 31, 2013	Feb. 25, 2013	Mar. 29, 2013	Mar. 29, 2013	Mar. 29, 2013	Mar. 29, 2013
				Hmg Courtland Properties, Inc.	Promissory note and accrued interest due from individual	Membership Interests Purchase Agreement	Membership Interests Purchase Agreement	Membership Interests Purchase Agreement	Membership Interests Purchase Agreement
							Hmg Courtland Properties, Inc.	Christoph Family Trust	Montys Marina
							Courtland Investments, Inc.
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]	'	'	'	'	'	'	'	'	'
Sales of real estate	'	$24,400,000	'	'	'	'	'	'	'
Proceeds from sale of real estate	'	23,400,000	'	'	'	3,000,000	'	'	'
Nontrade receivables	'	'	'	'	1,000,000	'	'	'	'
Repayments of first mortgage bond	'	2,700,000	'	'	'	'	'	'	'
Gain on sale of discontinued operations	'	19,000,000	'	'	'	28,000	'	'	'
Gain on sale of real estate interests, per share	'	$19	'	'	'	$0.03	'	'	'
Provision for corporate income taxes estimated	'	'	2,500,000	'	'	'	'	'	'
Current income tax expense	'	'	1,600,000	'	'	'	'	'	'
Deferred income tax expense	'	'	915,000	'	'	'	'	'	'
Past Due Rental Received	327,000	'	'	'	'	'	'	'	'
Percentage of interest in spa exercised by purchaser	50.00%	'	'	'	'	'	'	'	'
Real estate held-for-sale	100,000	'	'	'	'	'	'	'	'
Amounts due to the Adviser	'	'	$2,095,701	$2,100,000	'	'	'	'	'
Equity Method Investment, Ownership Percentage	'	'	49.00%	'	'	'	95.00%	50.00%	50.00%