HMG Courtland Properties (HMG) 10-K 24 Mar 17 2016 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2016	Mar. 24, 2017	Jun. 30, 2016
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2016
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	FY
Entity Registrant Name	HMG COURTLAND PROPERTIES INC
Entity Central Index Key	311,817
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 4,040,283
Trading Symbol	HMG
Entity Common Stock, Shares Outstanding		1,002,392

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Investment properties, net of accumulated depreciation:
Office building and other commercial property	$ 864,349	$ 833,680
Total investment properties, net	864,349	833,680
Cash and cash equivalents	3,019,463	11,213,385
Investments in marketable securities	7,750,661	10,507,750
Other investments	5,307,765	3,895,317
Investment in affiliate	1,880,854	2,061,706
Loans, notes and other receivables	1,623,151	1,260,620
Investment in residential real estate partnership	2,039,714	2,322,695
Other assets	291,464	129,755
TOTAL ASSETS	22,777,421	32,224,908
LIABILITIES
Note payable to affiliate	1,600,000	1,800,000
Margin payable	48,803	7,999,166
Dividends payable	501,196	517,747
Accounts payable, accrued expenses and other liabilities	87,536	23,132
Amounts due to the Adviser	65,959	36,799
Deferred income tax payable	76,327	217,000
TOTAL LIABILITIES	2,379,821	10,593,844
COMMITMENTS AND CONTINGENCIES
STOCKHOLDERS’ EQUITY
Excess common stock, $1 par value; 100,000 shares authorized: no shares issued	0	0
Common stock, $1 par value; 1,050,000 and 1,200,000 shares authorized as of December 31, 2016 and 2015, respectively; and 1,035,493 and 1,053,926 issued as of December 31, 2016 and 2015, respectively	1,035,493	1,053,926
Additional paid-in capital	24,076,991	24,255,614
Less: Treasury shares at cost (33,101 and 18,433 shares as of December 31, 2016 and 2015, respectively)	(340,281)	(223,798)
Undistributed gains from sales of properties, net of losses	52,208,753	52,709,950
Undistributed losses from operations	(56,806,766)	(56,375,340)
Total stockholders’ equity	20,174,190	21,420,352
Noncontrolling interest	223,410	210,712
TOTAL EQUITY	20,397,600	21,631,064
TOTAL LIABILITIES AND EQUITY	$ 22,777,421	$ 32,224,908

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Excess common stock, par value	$ 1	$ 1
Excess common stock, shares authorised	100,000	100,000
Excess common stock, shares issued	0	0
Common stock par value	$ 1	$ 1
Common Stock, Shares Authorized	1,050,000	1,200,000
Common Stock, Shares, Issued	1,035,493	1,053,926
Treasury Stock, Shares	33,101	18,433

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
REVENUES
Real estate rentals and related revenue	$ 66,030	$ 64,800
Total revenues	66,030	64,800
Operating expenses:
Rental and other properties	103,393	114,050
Adviser’s base fee	660,000	660,000
General and administrative	348,203	251,689
Professional fees and expenses	189,351	656,830
Directors' fees and expenses	80,532	88,029
Depreciation expense	15,398	15,335
Interest expense	74,688	104,939
Total expenses	1,471,565	1,890,872
Loss before other income and income taxes	(1,405,535)	(1,826,072)
Net realized and unrealized gains (losses) from investments in marketable securities	250,293	(351,843)
Equity (loss) gain in residential real estate partnership	(282,981)	247
Net income from other investments	378,761	321,715
Other than temporary impairment losses from other investments	(69,002)	0
Interest, dividend and other income	590,127	778,017
Total other income	867,198	748,136
Loss before income taxes	(538,337)	(1,077,936)
Benefit from income taxes	112,578	0
Net loss	(425,759)	(1,077,936)
(Gain) loss from noncontrolling interest	(5,668)	17,597
Net loss attributable to the Company	$ (431,427)	$ (1,060,339)
Weighted average common shares outstanding-basic and diluted (in shares)	1,020,084	1,040,181
Net loss per common share:
Basic and diluted loss per share (in dollars per share)	$ (0.42)	$ (1.02)

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Undistributed Gains from Sales of Properties Net of Losses [Member]	Undistributed Losses from Operations [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2014	$ 23,207,089	$ 1,053,926	$ 24,249,844	$ 53,227,696	$ (55,315,000)	$ (9,377)
Balance (in shares) at Dec. 31, 2014		1,053,926				800
Net loss	(1,060,339)				(1,060,339)
Dividend payable - $.50 per share	(517,747)			(517,747)
Non-employee stock option compensation	5,770		5,770
Treasury shares retired						$ 0
Purchase of treasury stock	(214,421)					$ (214,421)
Purchase of treasury stock (in shares)						17,633
Balance at Dec. 31, 2015	21,420,352	$ 1,053,926	24,255,614	52,709,949	(56,375,339)	$ (223,798)
Balance (in shares) at Dec. 31, 2015		1,053,926				18,433
Net loss	(431,427)				(431,427)
Dividend payable - $.50 per share	(501,196)			(501,196)
Non-employee stock option compensation	26,742		26,742
Treasury shares retired	0	$ (18,433)	(205,365)			$ 223,798
Treasury shares retired (in shares)		(18,433)				(18,433)
Purchase of treasury stock	(340,281)					$ (340,281)
Purchase of treasury stock (in shares)						33,101
Balance at Dec. 31, 2016	$ 20,174,190	$ 1,035,493	$ 24,076,991	$ 52,208,753	$ (56,806,766)	$ (340,281)
Balance (in shares) at Dec. 31, 2016		1,035,493				33,101

CONSOLIDATED STATEMENTS OF CHA6

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY (Parenthetical) - $ / shares	Dec. 31, 2016	Dec. 31, 2015
Dividends Payable, Amount Per Share	$ 0.50	$ 0.50

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to the Company	$ (431,427)	$ (1,060,339)
Adjustments to reconcile net loss attributable to the Company to net cash used in operating activities:
Depreciation expense	15,398	15,335
Non-employee stock compensation	26,742	5,770
Net income from other investments, excluding impairment losses	(378,761)	(321,715)
Other than temporary impairment loss from other investments	69,002	0
Equity loss (gain) from residential real estate partnership	282,981	(247)
Net (gain) loss from investments in marketable securities	(250,293)	351,843
Net gain (loss) attributable to noncontrolling interest	5,668	(17,597)
Deferred income tax benefit	(140,673)	0
Changes in assets and liabilities:
Other assets and other receivables	(136,671)	(58,720)
Accounts payable, accrued expenses and other liabilities	58,023	(235,321)
Total adjustments	(448,584)	(260,652)
Net cash used in operating activities	(880,011)	(1,320,991)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net proceeds from sales and redemptions of securities	6,658,521	7,773,036
Investments in marketable securities	(3,651,139)	(6,842,592)
Investment in real estate partnership	0	(2,041,032)
Distributions from other investments	1,117,167	1,984,673
Contributions to other investments	(2,209,318)	(1,756,178)
Proceeds from collections of mortgage loans and notes receivables	125,000	122,580
Distribution from affiliate	193,286	193,286
Purchases and improvements of properties	(46,066)	(55,265)
Additions in mortgage loans and notes receivable	(500,000)	0
Net cash provided by (used in) investing activities	1,687,451	(621,492)
CASH FLOWS FROM FINANCING ACTIVITIES:
Margin (repayments) borrowings	(7,950,363)	4,746,101
Dividend paid	(517,747)	(526,963)
Repayment of note payable to affiliate	(200,000)	(300,000)
Purchase of treasury stock	(340,281)	(214,421)
Contribution from non-controlling interest	7,029	0
Net cash (used in) provided by financing activities	(9,001,362)	3,704,717
Net (decrease) increase in cash and cash equivalents	(8,193,922)	1,762,234
Cash and cash equivalents at beginning of the year	11,213,385	9,451,152
Cash and cash equivalents at end of the year	3,019,463	11,213,385
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for interest	75,000	105,000
Cash paid during the year for income taxes	26,000	0
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared but not paid during the year	501,196	517,747
Treasury stock retired during the year	0
Treasury Stock [Member]
NONCASH INVESTING AND FINANCING ACTIVITIES:
Treasury stock retired during the year	$ 223,798	$ 0

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Organization, Consolidation, Basis of Presentation, Business Description and Accounting Policies [Text Block]	1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES . 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 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”). In March 2016, this 95 HMG Orlando, LLC (“HMGO”). This wholly owned limited liability company was formed in August 2014. In September 2014 HMGO acquired a one-third equity membership interest in JY-TV Associates, LLC a Florida limited liability company (“JY-TV”) and entered into the Amended and Restated Operating Agreement of JY-TV (the “Agreement”). JY-TV was formed in 2014 for the sole purpose of purchasing and constructing two hundred forty (240) unit rental apartments on approximately 9.5 260 River Corp (“260”). This wholly owned corporation of the Company owns an approximate 70 5.4 HMG Bayshore, LLC (“HMGBS”). This is a wholly owned Florida limited liability company which owns an investment in an entity which invests in mortgages secured by real estate. Baleen Associates, Inc. (“Baleen”). This corporation is wholly owned by CII and its sole asset is a 50 . 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. . The Company 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’s 95%-owned taxable REIT 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 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, 2016 and 2015. The Company’s federal income tax returns since 2013 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 of the corporate offices properties held for investment is computed using the straight-line method over its estimated useful life of 39.5 15,000 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 (if any), accounts payable and accrued expenses and mortgages and notes payable approximate their fair values at December 31, 2016 and 2015, 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 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. . 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 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. As of December 31, 2016 there was approximately $ 49,000 Treasury bills, from time to time, are pledged as collateral pursuant to broker margin requirements. As of December 31, 2016 there were no such margin balances outstanding. As of December 31, 2015 the Company had approximately $ 7,999,000 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, 2016 and 2015, the Company had no allowances for bad debt. 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. . 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 17,700 12,500 . Gain on sales of properties is recognized when the minimum investment requirements have been met by the purchaser and title passes to the purchaser. There were no sales of property in 2016 and 2015. . 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. . 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 (presently $ 250,000 50,000 399,000 Deferred loan costs, when applicable, are amortized on a straight line basis over the life of the loan. This method approximates the effective interest rate method. . 2016 2015 Noncontrolling interest balance at beginning of year $ 211,000 $ 228,000 Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary 5,000 (17,000) Noncontrolling partners’ contribution 7,000 - Noncontrolling interest balance at end of year $ 223,000 $ 211,000 . 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. In December 2014 the lease was renewed for a one year lease term expiring on December 1, 2015, with two one year extensions permitted with an increase of 5 52,920 . 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 2016 and 2015. 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. . On May 28 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This standard also includes expanded disclosure requirements that result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. This standard will be effective for the calendar year ending December 31, 2018. The Company is currently in the process of evaluating the impact of adoption of this ASU on the financial statements. In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740)" ("ASU 2015-17"). Currently U.S. GAAP requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified statement of financial position. The amendments under ASU 2015-17 will require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in this update will be effective for fiscal years beginning after December 15, 2016 and interim periods within the fiscal years beginning after December 15, 2016. The adoption of ASU 2015-17 is not expected to have a material impact on the Company's consolidated financial position, results of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, Leases. The standard requires all leases with lease terms over 12 months to be capitalized as a right-of-use asset and lease liability on the balance sheet at the date of lease commencement. Leases will be classified as either finance or operating. This distinction will be relevant for the pattern of expense recognition in the income statement. This standard will be effective for the calendar year ending December 31, 2019. The Company is currently in the process of evaluating the impact of adoption of this ASU on the financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments The Company does not believe that other standards which have been issued but are not yet effective will have a significant impact on its financial statements.

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2. INVESTMENT PROPERTIES The components of the Company’s investment properties and the related accumulated depreciation information follow: December 31, 2016 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,198 $ 325,868 $ 326,330 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 82,348 — 82,348 Other (Paxton, MA) – Land (20,000 square feet) 18,982 — 18,982 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (5.4 acres) 111,689 — 111,689 $ 1,242,217 $ 377,868 $ 864,349 December 31, 2015 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,198 $ 310,472 $ 357,060 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 48,305 — 48,305 Other (Paxton, MA) – Land (20,000 square feet) 6,960 — 6,960 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (5.4 acres) 111,689 — 111,689 1,196,152 $ 362,472 $ 833,680

INVESTMENTS IN MARKETABLE SECUR

INVESTMENTS IN MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities (and Certain Trading Assets) Disclosure [Text Block]	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. These securities are stated at market value, as determined by the most recent 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 (losses) on this portfolio are recorded in income. Included in investments in marketable securities is approximately $ 6.2 8.3 21,000 402,000 December 31, 2016 December 31, 2015 Cost Fair Unrealized Cost Fair Unrealized Description Basis Value Gain (loss) Basis Value Gain (loss) Real Estate Investment Trusts $ 6,197,000 $ 6,249,000 $ 52,000 $ 8,108,000 $ 8,320,000 $ 212,000 Mutual Funds, ETF & other 222,000 244,000 22,000 755,000 753,000 (2,000) Other Equity Securities 525,000 544,000 19,000 666,000 697,000 31,000 Total Equity Securities 6,944,000 7,037,000 93,000 9,529,000 9,770,000 241,000 Debt Securities 696,000 713,000 17,000 847,000 737,000 (110,000) Total $ 7,640,000 $ 7,750,000 $ 110,000 $ 10,376,000 $ 10,507,000 $ 131,000 Cost Fair Value 2017 – 2021 $ 50,000 $ 50,000 2022 – 2026 187,000 199,000 2027 – thereafter 459,000 464,000 $ 696,000 $ 713,000 Description 2016 2015 Net realized gain from sales of marketable securities $ 271,000 $ 50,000 Net unrealized loss from marketable securities (21,000) (402,000) Total net gain (loss) from investments in marketable securities $ 250,000 $ (352,000) Net realized gain from sales of marketable securities consisted of approximately $ 648,000 377,000 487,000 437,000 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
	Dec. 31, 2016
Investments, All Other Investments [Abstract]
Investments and Other Noncurrent Assets [Text Block]	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 typically represents less than 3% of the investee’s ownership. These investments do not 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 40 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, real estate related and other. As of December 31, 2016 and 2015, other investments had an aggregate carrying value of $ 5.3 3.9 1.8 2.2 1.8 1.1 2.0 Carrying values as of December 31, Investment Focus 2016 2015 Technology and communications $ 172,000 $ 284,000 Diversified businesses 2,601,000 1,860,000 Real estate and related 1,900,000 1,116,000 Other 635,000 635,000 Totals $ 5,308,000 $ 3,895,000 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. 2016 2015 Income from investment in 49% owned affiliate (a) $ 12,000 $ 22,000 Real estate and related (b) 148,000 149,000 Diversified businesses (c) 231,000 151,000 Technology and related (13,000) - Total net income from other investments $ 378,000 $ 322,000 (a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). In 2016 and 2015 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $ 193,000 (b) The gain in 2016 and 2015 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 2016 and 2015 consists of cash distributions from various investments in partnerships owning diversified businesses which made cash 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 year ended December 31, 2016, valuation losses from other than temporary impairment losses from other investments of $ 69,000 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. As of December 31, 2016 12 Months or Less Greater than 12 Months Total Unrealized Unrealized Unrealized Investment Description Fair Value Loss Fair Value Loss Fair Value Loss Partnerships owning investments in technology related industries $ 151,000 $ (11,000) $ - $ - $ 151,000 $ (11,000) Partnerships owning diversified businesses investments 498,000 (30,000) - - 498,000 (30,000) Total $ 649,000 $ (41,000) $ - $ - $ 649,000 $ (41,000) As of December 31, 2015 12 Months or Less Greater than 12 Months Total Unrealized Unrealized Unrealized Investment Description Fair Value Loss Fair Value Loss Fair Value Loss Partnerships owning investments in technology related industries $ — $ — $ 5,000 $ (12,000) $ 5,000 $ (12,000) Partnerships owning diversified businesses investments 272,000 (28,000) 184,000 (16,000) 456,000 (44,000) Other (private banks, etc.) — — 288,000 (12,000) 288,000 (12,000) Total $ 272,000 $ (28,000) $ 477,000 $ (40,000) $ 748,000 $ (68,000)

FAIR VALUE INSTRUMENTS

FAIR VALUE INSTRUMENTS	12 Months Ended
	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	5. FAIR VALUE INSTRUMENTS In accordance with ASC Topic 820, the Company measures cash and cash equivalents, marketable debt and equity securities 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, 2016 and 2015, using quoted prices in active markets for identical assets (Level 1) and significant other observable inputs (Level 2). 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 2016 (Level 1) (Level 2) (Level 3) Assets: Cash equivalents: Time deposits $ 350,000 $ - $ 350,000 $ — Money market mutual funds 2,182,000 2,182,000 — — Marketable securities: Corporate debt securities 714,000 — 714,000 — Marketable equity securities 7,037,000 7,037,000 — — Total assets $ 10,283,000 $ 9,219,000 $ 1,064,000 $ — 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 2015 (Level 1) (Level 2) (Level 3) Assets: Cash equivalents: Money market mutual funds 943,000 $ 943,000 $ — $ — U.S. T-bills 9,478,000 9,478,000 — — Marketable securities: Corporate debt securities 737,000 — 737,000 — Marketable equity securities 9,771,000 9,771,000 — — Total assets $ 20,929,000 $ 20,192,000 $ 737,000 $ — 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.

INVESTMENT IN AFFILIATE

INVESTMENT IN AFFILIATE	12 Months Ended
	Dec. 31, 2016
Investments In Affiliates Abstract [Abstract]
Investments In Affiliates Disclosure [Text Block]	6. INVESTMENT IN AFFILIATE Investment in affiliate consists of CII’s 49 12,000 22,000 193,000

LOANS, NOTES AND OTHER RECEIVAB

LOANS, NOTES AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	7. LOANS, NOTES AND OTHER RECEIVABLES As of December 31, Description 2016 2015 Promissory note and accrued interest due from purchaser of Grove Isle (a) $ 1,034,000 $ 1,034,000 Promissory note and accrued interest due from individual (b) 78,000 204,000 Promissory note and accrued interest due from entity owning apartments (c) 500,000 - Other 11,000 22,000 Total loans, notes and other receivables $ 1,623,000 $ 1,260,000 (a) In February 2013, the Company sold its interest in a hotel, resort and marina property known as Grove Isle and received a $ 1 4 (b) In December 2007, the Company loaned $ 400,000 197,000 78,000 203,000 8 25,000 (c) In May 2016 the Company loaned $ 500,000 9.5 April 28, 2021

INVESTMENT IN RESIDENTIAL REAL

INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIP	12 Months Ended
	Dec. 31, 2016
Investment In Real Estate Partnership [Abstract]
Investment In Real Estate Partnership [Text Block]	8. INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIP In September 2014, the Company, through a wholly owned subsidiary (HMG Orlando LLC, a Delaware limited liability company), acquired a one-third equity membership interest in JY-TV Associates, LLC a Florida limited liability company (“JY-TV”) and entered into the Amended and Restated Operating Agreement of JY-TV (the “Agreement”). Also, as previously reported, on May 19, 2015, pursuant to the terms of a Construction Loan Agreement, between JY-TV Associates LLC (“JY-TV” or the “Borrower”, which is one-third owned by a wholly-owned subsidiary of the Company) and Wells Fargo Bank ("Lender"), Lender loaned to the Borrower the principal sum of $ 27 239,000 9.5 78 849,000 712,000 289,000 283,000 The Company and certain affiliates of the other two members of the Borrower ("Guarantors") entered into a Completion Guaranty Agreement ("Completion Guaranty") and a Repayment Guaranty Agreement ("Repayment Guaranty") (collectively, the “Guaranties”) with the Lender. Under the Completion Guaranty, Guarantors shall unconditionally guaranty, on a joint and several bases, lien free completion of all improvements with respect to the Project and any construction or completion obligations required to be made by the Borrower pursuant to any approved leases. Under the Repayment Guaranty, Guarantors shall provide an unconditional guaranty including the repayment of $ 11.5 This investment is accounted for under the equity method.

NOTES AND ADVANCES DUE FROM AND

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
	Dec. 31, 2016
Loans and Leases Receivable, Related Parties Disclosure [Abstract]
Loans And Leases Receivable Related Parties Description [Text Block]	9. 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, CEO and President. The officers and directors of the Adviser are as follows: Maurice Wiener, Chairman of the Board, President and Chief Executive Officer; 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. In June 2016, the shareholders approved the renewal of the Advisory Agreement between the Company and the Adviser for a term commencing January 1, 2017 and expiring December 31, 2017, under the same terms as in 2016. For the years ended December 31, 2016 and 2015, the Company incurred Adviser fees of approximately $ 726,000 697,000 660,000 2016 66,000 37,000 The Adviser leases its executive offices from CII pursuant to a lease agreement. This lease agreement calls for base rent of $ 52,900 Mr. Wiener is a 19 49 3.75 As of December 31, 2016 and 2015, T.G.I.F. owns 10,200 As of December 31, 2016 and 2015, T.G.I.F. had amounts due from Mr. Wiener in the amount of approximately $ 707,000 3.75 Mr. Wiener received consulting and director’s fees from T.G.I.F totaling approximately $ 25,000 23,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	The Company as a qualifying real estate investment trust (“REIT”) 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 January 2017 and 2016, the Company paid a cash dividend of approximately $ 501,000 517,000 The Company’s 95 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, 2016 and 2015, the Company has a net deferred tax liability of approximately $ 76,000 217,000 1.1 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, 2016 and 2015 were as follows: 2016 2015 Loss before income taxes $ (538,000) $ (1,078,000) Computed tax at federal statutory rate of 34% $ (183,000) $ (367,000) State taxes at 5.5% (16,000) (33,000) REIT related adjustments 199,000 250,000 Adjustment to valuation allowance (149,000) 121,000 Other items, net 37,000 29,000 Benefit from income taxes $ (112,000) $ - 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, including tax on prohibited REIT income. The benefit from income taxes in the consolidated statements of comprehensive income consists of the following: Year ended December 31, 2016 2015 Current: Federal $ 28,000 $ - State - - 28,000 - Deferred: Federal $ 9,000 $ (104,000) State - (17,000) 9,000 (121,000) (Reduced) additional valuation allowance (149,000) 121,000 Total $ (112,000) $ - As of December 31, 2016 and 2015, the components of the deferred tax assets and liabilities are as follows: As of December 31, 2016 As of December 31, 2015 Deferred tax Deferred tax Assets Liabilities Assets Liabilities Net operating loss carry forward $ 391,000 $ 444,000 Excess of book basis of 49% owned corporation over tax basis $ 393,000 $ 407,000 Unrealized (gain) losses on marketable securities - 22,000 30,000 - Excess of tax basis over book basis of other investments 339,000 - 256,000 - Valuation allowance (391,000) (540,000) Totals $ 339,000 $ 415,000 $ 190,000 $ 407,000

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	11. STOCK-BASED COMPENSATION The Company’s 2011 Stock Option Plan (the Plan) provides for the grant of options to purchase up to 120,000 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. There were 12,500 3,000 For the year ended December 31, 2016 the Company granted 12,500 9.31 5 39 45 4 5 The weighted average fair value for the 12,500 2.14 The Company’s non-employee stock compensation expense based on the fair value at the date of grant for stock options was approximately $ 26,000 6,000 As of December 31, 2016 and 2015, there is no unrecognized non-employee stock compensation expense related to unvested stock options under the Plan. As of December 31, 2016 As of December 31, 2015 Weighted Weighted Average Exercise Average Exercise Shares Price Shares Price Outstanding at the beginning of the period 20,700 $ 17.54 17,700 $ 18.35 Granted 12,500 $ 9.31 3,000 $ 12.75 Exercised — — — — Expired (13,200) 16.77 — — Forfeited (7,500) 18.89 — — Outstanding at the end of the period 12,500 $ 9.31 20,700 $ 17.54 Options exercisable at period-end 12,500 $ 9.31 20,700 $ 17.54 Weighted average fair value of options granted during the period 12,500 $ 2.14 20,700 $ 12.75 Aggregate intrinsic value of outstanding and exercisable options at the end of the period 12,500 $ 15,000 20,700 — Number Outstanding Weighted Average and exercisable Strike Prices 12,500 $ 9.31 As of December 31, 2015, the options outstanding and exercisable had no intrinsic value.

DESCRIPTION OF BUSINESS AND S19

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	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 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”). In March 2016, this 95 HMG Orlando, LLC (“HMGO”). This wholly owned limited liability company was formed in August 2014. In September 2014 HMGO acquired a one-third equity membership interest in JY-TV Associates, LLC a Florida limited liability company (“JY-TV”) and entered into the Amended and Restated Operating Agreement of JY-TV (the “Agreement”). JY-TV was formed in 2014 for the sole purpose of purchasing and constructing two hundred forty (240) unit rental apartments on approximately 9.5 260 River Corp (“260”). This wholly owned corporation of the Company owns an approximate 70 5.4 HMG Bayshore, LLC (“HMGBS”). This is a wholly owned Florida limited liability company which owns an investment in an entity which invests in mortgages secured by real estate. Baleen Associates, Inc. (“Baleen”). This corporation is wholly owned by CII and its sole asset is a 50
Use of Estimates, Policy [Policy Text Block]	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 Tax, Policy [Policy Text Block]	Income Taxes . The Company 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’s 95%-owned taxable REIT 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 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, 2016 and 2015. The Company’s federal income tax returns since 2013 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.
Property, Plant and Equipment, Policy [Policy Text Block]	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 15,000
Fair Value of Financial Instruments, Policy [Policy Text Block]	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 (if any), accounts payable and accrued expenses and mortgages and notes payable approximate their fair values at December 31, 2016 and 2015, 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 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, Policy [Policy Text Block]	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 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. As of December 31, 2016 there was approximately $ 49,000 Treasury bills, from time to time, are pledged as collateral pursuant to broker margin requirements. As of December 31, 2016 there were no such margin balances outstanding. As of December 31, 2015 the Company had approximately $ 7,999,000
Receivables, Policy [Policy Text Block]	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, 2016 and 2015, the Company had no allowances for bad debt.
Equity Method Investments, Policy [Policy Text Block]	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.
Earnings Per Share, Policy [Policy Text Block]	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 17,700 12,500
Real Estate Held for Development and Sale, Policy [Policy Text Block]	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. There were no sales of property in 2016 and 2015.
Cash and Cash Equivalents, Policy [Policy Text Block]	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 Risk Credit Risk Reinsurance [Policy Text Block]	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 (presently $ 250,000 50,000 399,000
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Other intangible assets: Deferred loan costs, when applicable, are amortized on a straight line basis over the life of the loan. This method approximates the effective interest rate method.
Noncontrolling Interest [Policy Text Block]	Noncontrolling Interest . 2016 2015 Noncontrolling interest balance at beginning of year $ 211,000 $ 228,000 Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary 5,000 (17,000) Noncontrolling partners’ contribution 7,000 - Noncontrolling interest balance at end of year $ 223,000 $ 211,000
Revenue Recognition, Policy [Policy Text Block]	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. In December 2014 the lease was renewed for a one year lease term expiring on December 1, 2015, with two one year extensions permitted with an increase of 5 52,920
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	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 2016 and 2015.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	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.
New Accounting Pronouncements, Policy [Policy Text Block]	Recent accounting pronouncements . On May 28 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers. The standard’s core principle is that a company will recognize revenue when it transfers promised goods or services to customers in an amount that reflects the consideration to which the company expects to be entitled in exchange for those goods or services. This standard also includes expanded disclosure requirements that result in an entity providing users of financial statements with comprehensive information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from the entity’s contracts with customers. This standard will be effective for the calendar year ending December 31, 2018. The Company is currently in the process of evaluating the impact of adoption of this ASU on the financial statements. In November 2015, the FASB issued ASU No. 2015-17, "Income Taxes (Topic 740)" ("ASU 2015-17"). Currently U.S. GAAP requires an entity to separate deferred income tax liabilities and assets into current and noncurrent amounts in a classified statement of financial position. The amendments under ASU 2015-17 will require that deferred tax liabilities and assets be classified as noncurrent in a classified statement of financial position. The amendments in this update will be effective for fiscal years beginning after December 15, 2016 and interim periods within the fiscal years beginning after December 15, 2016. The adoption of ASU 2015-17 is not expected to have a material impact on the Company's consolidated financial position, results of operations or cash flows. In February 2016, the FASB issued ASU 2016-02, Leases. The standard requires all leases with lease terms over 12 months to be capitalized as a right-of-use asset and lease liability on the balance sheet at the date of lease commencement. Leases will be classified as either finance or operating. This distinction will be relevant for the pattern of expense recognition in the income statement. This standard will be effective for the calendar year ending December 31, 2019. The Company is currently in the process of evaluating the impact of adoption of this ASU on the financial statements. In March 2016, the FASB issued ASU 2016-09, Compensation — Stock Compensation: Improvements to Employee Share-Based Payment Accounting In June 2016, the FASB issued ASU 2016-13, Financial Instruments — Measurement of Credit Losses on Financial Instruments In August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments The Company does not believe that other standards which have been issued but are not yet effective will have a significant impact on its financial statements.

DESCRIPTION OF BUSINESS AND S20

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2016
Accounting Policies [Abstract]
Redeemable Noncontrolling Interest [Table Text Block]	Noncontrolling 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, 2016 and 2015 is as follows: 2016 2015 Noncontrolling interest balance at beginning of year $ 211,000 $ 228,000 Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary 5,000 (17,000) Noncontrolling partners’ contribution 7,000 - Noncontrolling interest balance at end of year $ 223,000 $ 211,000

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	The components of the Company’s investment properties and the related accumulated depreciation information follow: December 31, 2016 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,198 $ 325,868 $ 326,330 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 82,348 — 82,348 Other (Paxton, MA) – Land (20,000 square feet) 18,982 — 18,982 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (5.4 acres) 111,689 — 111,689 $ 1,242,217 $ 377,868 $ 864,349 December 31, 2015 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,198 $ 310,472 $ 357,060 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 48,305 — 48,305 Other (Paxton, MA) – Land (20,000 square feet) 6,960 — 6,960 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (5.4 acres) 111,689 — 111,689 1,196,152 $ 362,472 $ 833,680

INVESTMENTS IN MARKETABLE SEC22

INVESTMENTS IN MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, Debt and Equity Securities [Abstract]
Marketable Securities [Table Text Block]	For the years ended December 31, 2016 and 2015, net unrealized losses on trading securities were approximately $ 21,000 402,000 December 31, 2016 December 31, 2015 Cost Fair Unrealized Cost Fair Unrealized Description Basis Value Gain (loss) Basis Value Gain (loss) Real Estate Investment Trusts $ 6,197,000 $ 6,249,000 $ 52,000 $ 8,108,000 $ 8,320,000 $ 212,000 Mutual Funds, ETF & other 222,000 244,000 22,000 755,000 753,000 (2,000) Other Equity Securities 525,000 544,000 19,000 666,000 697,000 31,000 Total Equity Securities 6,944,000 7,037,000 93,000 9,529,000 9,770,000 241,000 Debt Securities 696,000 713,000 17,000 847,000 737,000 (110,000) Total $ 7,640,000 $ 7,750,000 $ 110,000 $ 10,376,000 $ 10,507,000 $ 131,000
Held-to-maturity Securities [Table Text Block]	As of December 31, 2016, debt securities are scheduled to mature as follows: Cost Fair Value 2017 – 2021 $ 50,000 $ 50,000 2022 – 2026 187,000 199,000 2027 – thereafter 459,000 464,000 $ 696,000 $ 713,000
Gain (Loss) on Investments [Table Text Block]	Net gain (loss) from investments in marketable securities for the years ended December 31, 2016 and 2015 is summarized below: Description 2016 2015 Net realized gain from sales of marketable securities $ 271,000 $ 50,000 Net unrealized loss from marketable securities (21,000) (402,000) Total net gain (loss) from investments in marketable securities $ 250,000 $ (352,000)

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Investments, All Other Investments [Abstract]
Investment Holdings, Schedule of Investments [Table Text Block]	The Company’s other investments are summarized below. Carrying values as of December 31, Investment Focus 2016 2015 Technology and communications $ 172,000 $ 284,000 Diversified businesses 2,601,000 1,860,000 Real estate and related 1,900,000 1,116,000 Other 635,000 635,000 Totals $ 5,308,000 $ 3,895,000
Investment Income [Table Text Block]	Net income from other investments is summarized below (excluding other than temporary impairment loss): 2016 2015 Income from investment in 49% owned affiliate (a) $ 12,000 $ 22,000 Real estate and related (b) 148,000 149,000 Diversified businesses (c) 231,000 151,000 Technology and related (13,000) - Total net income from other investments $ 378,000 $ 322,000 (a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). In 2016 and 2015 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $ 193,000 (b) The gain in 2016 and 2015 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 2016 and 2015 consists of cash distributions from various investments in partnerships owning diversified businesses which made cash distributions from the sale or refinancing of operating companies and/or distributions from operating activities.
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value [Table Text Block]	The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2016 and 2015, aggregated by investment category and the length of time that investments have been in a continuous loss position: As of December 31, 2016 12 Months or Less Greater than 12 Months Total Unrealized Unrealized Unrealized Investment Description Fair Value Loss Fair Value Loss Fair Value Loss Partnerships owning investments in technology related industries $ 151,000 $ (11,000) $ - $ - $ 151,000 $ (11,000) Partnerships owning diversified businesses investments 498,000 (30,000) - - 498,000 (30,000) Total $ 649,000 $ (41,000) $ - $ - $ 649,000 $ (41,000) As of December 31, 2015 12 Months or Less Greater than 12 Months Total Unrealized Unrealized Unrealized Investment Description Fair Value Loss Fair Value Loss Fair Value Loss Partnerships owning investments in technology related industries $ — $ — $ 5,000 $ (12,000) $ 5,000 $ (12,000) Partnerships owning diversified businesses investments 272,000 (28,000) 184,000 (16,000) 456,000 (44,000) Other (private banks, etc.) — — 288,000 (12,000) 288,000 (12,000) Total $ 272,000 $ (28,000) $ 477,000 $ (40,000) $ 748,000 $ (68,000)

FAIR VALUE INSTRUMENTS (Tables)

FAIR VALUE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2016
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	For the year ended December 31, 2016 and 2015, 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 2016 (Level 1) (Level 2) (Level 3) Assets: Cash equivalents: Time deposits $ 350,000 $ - $ 350,000 $ — Money market mutual funds 2,182,000 2,182,000 — — Marketable securities: Corporate debt securities 714,000 — 714,000 — Marketable equity securities 7,037,000 7,037,000 — — Total assets $ 10,283,000 $ 9,219,000 $ 1,064,000 $ — 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 2015 (Level 1) (Level 2) (Level 3) Assets: Cash equivalents: Money market mutual funds 943,000 $ 943,000 $ — $ — U.S. T-bills 9,478,000 9,478,000 — — Marketable securities: Corporate debt securities 737,000 — 737,000 — Marketable equity securities 9,771,000 9,771,000 — — Total assets $ 20,929,000 $ 20,192,000 $ 737,000 $ —

LOANS, NOTES AND OTHER RECEIV25

LOANS, NOTES AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2016
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	As of December 31, Description 2016 2015 Promissory note and accrued interest due from purchaser of Grove Isle (a) $ 1,034,000 $ 1,034,000 Promissory note and accrued interest due from individual (b) 78,000 204,000 Promissory note and accrued interest due from entity owning apartments (c) 500,000 - Other 11,000 22,000 Total loans, notes and other receivables $ 1,623,000 $ 1,260,000 (a) In February 2013, the Company sold its interest in a hotel, resort and marina property known as Grove Isle and received a $ 1 4 (b) In December 2007, the Company loaned $ 400,000 197,000 78,000 203,000 8 25,000 (c) In May 2016 the Company loaned $ 500,000 9.5 April 28, 2021

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	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, 2016 and 2015 were as follows: 2016 2015 Loss before income taxes $ (538,000) $ (1,078,000) Computed tax at federal statutory rate of 34% $ (183,000) $ (367,000) State taxes at 5.5% (16,000) (33,000) REIT related adjustments 199,000 250,000 Adjustment to valuation allowance (149,000) 121,000 Other items, net 37,000 29,000 Benefit from income taxes $ (112,000) $ -
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The benefit from income taxes in the consolidated statements of comprehensive income consists of the following: Year ended December 31, 2016 2015 Current: Federal $ 28,000 $ - State - - 28,000 - Deferred: Federal $ 9,000 $ (104,000) State - (17,000) 9,000 (121,000) (Reduced) additional valuation allowance (149,000) 121,000 Total $ (112,000) $ -
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	As of December 31, 2016 and 2015, the components of the deferred tax assets and liabilities are as follows: As of December 31, 2016 As of December 31, 2015 Deferred tax Deferred tax Assets Liabilities Assets Liabilities Net operating loss carry forward $ 391,000 $ 444,000 Excess of book basis of 49% owned corporation over tax basis $ 393,000 $ 407,000 Unrealized (gain) losses on marketable securities - 22,000 30,000 - Excess of tax basis over book basis of other investments 339,000 - 256,000 - Valuation allowance (391,000) (540,000) Totals $ 339,000 $ 415,000 $ 190,000 $ 407,000

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Allocation of Plan Assets [Table Text Block]	A summary of the status of the Company’s stock option plan as of December 31, 2016 and 2015, and changes during the periods ending on those dates are presented below: As of December 31, 2016 As of December 31, 2015 Weighted Weighted Average Exercise Average Exercise Shares Price Shares Price Outstanding at the beginning of the period 20,700 $ 17.54 17,700 $ 18.35 Granted 12,500 $ 9.31 3,000 $ 12.75 Exercised — — — — Expired (13,200) 16.77 — — Forfeited (7,500) 18.89 — — Outstanding at the end of the period 12,500 $ 9.31 20,700 $ 17.54 Options exercisable at period-end 12,500 $ 9.31 20,700 $ 17.54 Weighted average fair value of options granted during the period 12,500 $ 2.14 20,700 $ 12.75 Aggregate intrinsic value of outstanding and exercisable options at the end of the period 12,500 $ 15,000 20,700 —
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]	The following table summarizes outstanding and exercisable options as of December 31, 2016: Number Outstanding Weighted Average and exercisable Strike Prices 12,500 $ 9.31

DESCRIPTION OF BUSINESS AND S28

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Noncontrolling Interest [Line Items]
Noncontrolling interest balance at beginning of year	$ 210,712	$ 228,000
Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary	5,668	(17,597)
Noncontrolling partners’ contribution	7,000	0
Noncontrolling interest balance at end of year	$ 223,410	$ 210,712

DESCRIPTION OF BUSINESS AND S29

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Texual)	12 Months Ended
	Dec. 31, 2016USD ($)ashares	Dec. 31, 2015USD ($)shares	Sep. 14, 2014a
Noncontrolling Interest, Ownership Percentage by Parent	95.00%
Area of Land | a			9.5
SEC Schedule III, Real Estate and Accumulated Depreciation, Life Used for Depreciation	39 years 6 months
Other Depreciation and Amortization	$ 15,000	$ 15,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares	17,700	12,500
Percentage of Increase in Extension Permit	5.00%
Cash, Uninsured Amount	$ 50,000	$ 399,000
Cash, FDIC Insured Amount	250,000
Operating Leases, Rent Expense, Minimum Rentals	52,920
Margin Balance Outstanding Relating to Purchase of Treasury Bills		7,999,000
Trading Securities Pledged as Collateral	$ 49,000	$ 0
Courtland Investment Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	95.00%
260 River Corp [Member]
Noncontrolling Interest, Ownership Percentage by Parent	70.00%
Area of Land | a	5.4
Baleen Associates, Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent	50.00%

INVESTMENT PROPERTIES (Details)

INVESTMENT PROPERTIES (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Office building and other commercial property:
Cost	$ 1,242,217	$ 1,196,152
Accumulated Depreciation	377,868	362,472
Net	864,349	833,680
Corporate Office - (Coconut Grove, FL) - Building [Member]
Office building and other commercial property:
Cost	652,198	652,198
Accumulated Depreciation	325,868	310,472
Net	326,330	357,060
Corporate Office - (Coconut Grove, FL) - Land [Member]
Office building and other commercial property:
Cost	325,000	325,000
Accumulated Depreciation	0	0
Net	325,000	325,000
Other (Hopkinton, RI) - Land (50 acres) [Member]
Office building and other commercial property:
Cost	82,348	48,305
Accumulated Depreciation	0	0
Net	82,348	48,305
Other (Paxton, MA) - Land (20,000 square feet) [Member]
Office building and other commercial property:
Cost	18,982	6,960
Accumulated Depreciation	0	0
Net	18,982	6,960
Other (Montpelier, Vermont) - Building [Member]
Office building and other commercial property:
Cost	52,000	52,000
Accumulated Depreciation	52,000	52,000
Net	0	0
Other (Montpelier, Vermont) - Land and improvements (5.4 acres) [Member]
Office building and other commercial property:
Cost	111,689	111,689
Accumulated Depreciation	0	0
Net	$ 111,689	$ 111,689

INVESTMENT PROPERTIES (Details

INVESTMENT PROPERTIES (Details Textual) - a	Dec. 31, 2016	Dec. 31, 2015	Sep. 14, 2014
Office building and other commercial property:
Area of Land			9.5
Other Hopkinton Land [Member]
Office building and other commercial property:
Area of Land	50	50
Other Paxton Land [Member]
Office building and other commercial property:
Area of Land	20,000	20,000
Other Montpelier Vermont Land And Improvements [Member]
Office building and other commercial property:
Area of Land	5.4	5.4

INVESTMENTS IN MARKETABLE SEC32

INVESTMENTS IN MARKETABLE SECURITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Schedule of Trading Securities and Other Trading Assets [Line Items]
Marketable Securities, Total	$ 7,750,661	$ 10,507,750
Marketable Securities, Unrealized Gain (Loss)	(21,000)	(402,000)
Real Estate Investment Trusts [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	6,197,000	8,108,000
Marketable Securities, Total	6,249,000	8,320,000
Marketable Securities, Unrealized Gain (Loss)	52,000	212,000
Mutual Funds Etf And Other [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	222,000	755,000
Marketable Securities, Total	244,000	753,000
Marketable Securities, Unrealized Gain (Loss)	22,000	(2,000)
Other Equity Securities1 [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	525,000	666,000
Marketable Securities, Total	544,000	697,000
Marketable Securities, Unrealized Gain (Loss)	19,000	31,000
Total Equity Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	6,944,000	9,529,000
Marketable Securities, Total	7,037,000	9,770,000
Marketable Securities, Unrealized Gain (Loss)	93,000	241,000
Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	696,000	847,000
Marketable Securities, Total	713,000	737,000
Marketable Securities, Unrealized Gain (Loss)	17,000	(110,000)
Total [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	7,640,000	10,376,000
Marketable Securities, Total	7,750,000	10,507,000
Marketable Securities, Unrealized Gain (Loss)	$ 110,000	$ 131,000

INVESTMENTS IN MARKETABLE SEC33

INVESTMENTS IN MARKETABLE SECURITIES (Details 1)	Dec. 31, 2016USD ($)
2017 - 2021 Cost	$ 50,000
2017 - 2021 Fair value	50,000
2022 - 2026 Cost	187,000
2022 - 2026 Fair value	199,000
2027 - thereafter Cost	459,000
2027 - thereafter Fair value	464,000
Held-to-maturity Securities	696,000
Held-to-maturity Securities, Fair Value	$ 713,000

INVESTMENTS IN MARKETABLE SEC34

INVESTMENTS IN MARKETABLE SECURITIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Net Realized And Unrealized Gain Loss From Investments In Marketable Security Summarized Below [Line Items]
Net realized gain from sales of marketable securities	$ 271,000	$ 50,000
Net unrealized loss from marketable securities	(21,000)	(402,000)
Total net gain (loss) from investments in marketable securities	$ 250,293	$ (351,843)

INVESTMENTS IN MARKETABLE SEC35

INVESTMENTS IN MARKETABLE SECURITIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Marketable Securities Purchases Of Company Details [Line Items]
Investments In Marketable Securities	$ 6,200,000	$ 8,300,000
Marketable Securities Gain	648,000	487,000
Marketable Securities Loss	377,000	437,000
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ 21,000	$ 402,000

OTHER INVESTMENTS (Details)

OTHER INVESTMENTS (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Schedule of Investments [Line Items]
Investment Focus	$ 5,307,765	$ 3,895,317
Real estate and related [Member]
Schedule of Investments [Line Items]
Investment Focus	1,900,000	1,116,000
Venture capital funds - technology and communications [Member]
Schedule of Investments [Line Items]
Investment Focus	172,000	284,000
Venture capital funds - diversified businesses [Member]
Schedule of Investments [Line Items]
Investment Focus	2,601,000	1,860,000
Other [Member]
Schedule of Investments [Line Items]
Investment Focus	$ 635,000	$ 635,000

OTHER INVESTMENTS (Details 1)

OTHER INVESTMENTS (Details 1) - USD ($)		12 Months Ended
		Dec. 31, 2016	Dec. 31, 2015
Income From Other Investments [Line Items]
Net income from other investments		$ 378,000	$ 322,000
Real estate and related [Member]
Income From Other Investments [Line Items]
Net income from other investments	[1]	148,000	149,000
Income from investment in 49% owned affiliate [Member]
Income From Other Investments [Line Items]
Net income from other investments	[2]	12,000	22,000
Venture capital funds - diversified businesses [Member]
Income From Other Investments [Line Items]
Net income from other investments	[3]	231,000	151,000
Technology And Related [Member]
Income From Other Investments [Line Items]
Net income from other investments		$ (13,000)	$ 0
[1]	The gain in 2016 and 2015 consists primarily of cash distributions from an investment in real estate partnership which distributed proceeds from sales of its real estate.
[2]	This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). In 2016 and 2015 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $193,000 each year. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments.
[3]	The gain in 2016 and 2015 consists of cash distributions from various investments in partnerships owning diversified businesses which made cash distributions from the sale or refinancing of operating companies and/or distributions from operating activities.

OTHER INVESTMENTS (Details 2)

OTHER INVESTMENTS (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 649,000	$ 272,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	477,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	649,000	748,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(41,000)	(28,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	(40,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total	(41,000)	(68,000)
Partnerships Owning Investments In Technology Related Industries [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	151,000	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	5,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	151,000	5,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(11,000)	0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	(12,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total	(11,000)	(12,000)
Partnerships Owning Diversified Businesses Investments [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	498,000	272,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	184,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	498,000	456,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(30,000)	(28,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	(16,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total	$ (30,000)	(44,000)
Other Private Banks [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		288,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total		288,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		(12,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total		$ (12,000)

OTHER INVESTMENTS (Details Text

OTHER INVESTMENTS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Other Investment [Line Items]
Other Investments, Total	$ 5,307,765	$ 3,895,317
Company committed to fund approximately as required by agreements with the investees	1,800,000
Company made contributions to other investments of approximately	2,200,000	1,800,000
Received distributions from investments	1,100,000	2,000,000
Investment Income, Dividend	193,000	193,000
Other than Temporary Impairment Losses, Investments, Total	69,002	$ 0
Technology And Related [Member]
Other Investment [Line Items]
Other than Temporary Impairment Losses, Investments, Total	$ 69,000

FAIR VALUE INSTRUMENTS (Details

FAIR VALUE INSTRUMENTS (Details) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 9,219,000	$ 20,192,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	1,064,000	737,000
Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	10,283,000	20,929,000
Time Deposits [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0
Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	350,000
Time Deposits [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0
Time Deposits [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	350,000
Money Market Mutual Funds [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	2,182,000	943,000
Money Market Mutual Funds [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Money Market Mutual Funds [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Money Market Mutual Funds [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	2,182,000	943,000
U S T Bills [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		9,478,000
U S T Bills [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		0
U S T Bills [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		0
U S T Bills [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		9,478,000
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	714,000	737,000
Corporate Debt Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Corporate Debt Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	714,000	737,000
Marketable Equity Securities [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	7,037,000	9,771,000
Marketable Equity Securities [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Marketable Equity Securities [Member] | Fair Value, Inputs, Level 3 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	0	0
Marketable Equity Securities [Member] | Fair Value, Measurements, Recurring [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 7,037,000	$ 9,771,000

INVESTMENT IN AFFILIATE (Detail

INVESTMENT IN AFFILIATE (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Equity Method Investment, Ownership Percentage	49.00%
Investment Income, Dividend	$ 193,000	$ 193,000
TGIF Texas Inc [Member]
Income (Loss) from Equity Method Investments	$ 12,000	$ 22,000
Cash Dividend Declared And Paid	$ 0.07	$ 0.07
Investment Income, Dividend	$ 193,000	$ 193,000

LOANS, NOTES AND OTHER RECEIV42

LOANS, NOTES AND OTHER RECEIVABLES (Details) - USD ($)		Dec. 31, 2016	Dec. 31, 2015
Accounts and Notes Receivable, Net, Total		$ 1,623,151	$ 1,260,620
Promissory Note And Accrued Interest Due From Purchaser Of Grove Isle [Member]
Accounts and Notes Receivable, Net, Total	[1]	1,034,000	1,034,000
Promissory Notes And Accrued Interest Due From Individual [Member]
Accounts and Notes Receivable, Net, Total	[2]	78,000	204,000
Promissory note and accrued interest due from entity owning apartments [Member]
Accounts and Notes Receivable, Net, Total	[3]	500,000	0
Other Loans Notes And Other Receivables [Member]
Accounts and Notes Receivable, Net, Total		$ 11,000	$ 22,000
[1]	In February 2013, the Company sold its interest in a hotel, resort and marina property known as Grove Isle 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 occurs at Grove Isle (as defined in the purchase agreement). All interest due on this loan has been collected.
[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. As of December 31, 2016 and 2015 the principal outstanding on this loan was $78,000 and $203,000, respectively. In June 2016, the loan was modified and the maturity date was extended to March 31, 2017 at the same interest rate of 8% with monthly principal payments due of $25,000. All interest and principal due on the loan has been collected.
[3]	In May 2016 the Company loaned $500,000 to an entity owned by the same local real estate developer mentioned above for the purposes of purchasing apartment units located in Jacksonville, Florida. Nine of the purchased apartment units were provided as collateral on the loan. The promissory note bears interest at 9.5% per annum payable on a quarterly basis beginning July 1, 2016. The loan matures on April 28, 2021, at which time all unpaid principal and interest is due. All interest due on the loan has been received.

LOANS, NOTES AND OTHER RECEIV43

LOANS, NOTES AND OTHER RECEIVABLES (Details Textual) - USD ($)	1 Months Ended		12 Months Ended
	May 31, 2016	Feb. 28, 2013	Dec. 31, 2016	Dec. 31, 2010	Dec. 31, 2015	Dec. 31, 2007
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Gross, Commercial, Real Estate, Total	$ 500,000					$ 400,000
Proceeds from Principal Repayments on Loans and Leases Held-for-investment				$ 197,000
Mortgage Loans on Real Estate, Interest Rate			8.00%
Mortgage Loans on Real Estate, Carrying Amount of Mortgages			$ 78,000		$ 203,000
Loans And Notes Receivable, Monthly Payments			$ 25,000
Notes Receivable [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Proceeds from Sale of Notes Receivable		$ 1,000,000
Debt Instrument, Interest Rate, Effective Percentage		4.00%
Promissory note and accrued interest due from entity owning apartments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans on Real Estate, Interest Rate	9.50%
Mortgage Loans on Real Estate, Final Maturity Date	Apr. 28, 2021

INVESTMENT IN RESIDENTIAL REA44

INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIP (Details Textual)	1 Months Ended	12 Months Ended
	May 19, 2015USD ($)aft²	Dec. 31, 2016USD ($)	Dec. 31, 2015USD ($)	Sep. 14, 2014a
Area of Land | a				9.5
Net Income (Loss) Attributable to Parent, Total		$ (431,427)	$ (1,060,339)
Depreciation, Depletion and Amortization, Nonproduction, Total		15,398	15,335
Interest Expense, Total		74,688	104,939
Net Income (Loss) from Real Estate Investment Partnership		$ (282,981)	$ 247
JY-TV Associates LLC [Member]
Net Rentable Area | ft²	239,000
Area of Land | a	9.5
Repayments of Construction Loans Payable	$ 11,500,000
Project Leased Percentage		78.00%
Net Income (Loss) Attributable to Parent, Total		$ 849,000
Depreciation, Depletion and Amortization, Nonproduction, Total		712,000
Interest Expense, Total		289,000
Net Income (Loss) from Real Estate Investment Partnership		$ 283,000
Wells Fargo Bank [Member]
Construction Loan	$ 27,000,000

NOTES AND ADVANCES DUE FROM A45

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loans and Leases Receivable before Fees, Gross	$ 52,900
Equity Method Investment, Ownership Percentage	49.00%
Noninterest Expense Directors Fees	$ 80,532	$ 88,029
Adiviser [Member]
Officers' Compensation	726,000	697,000
Adiviser [Member] | Regular Compensation [Member]
Officers' Compensation	660,000	660,000
Adiviser [Member] | Incentive Fee [Member]
Officers' Compensation	$ 66,000	37,000
TGIF Texas Inc [Member]
Equity Method Investment, Ownership Percentage	19.00%
Due from Affiliate, Current	$ 1,600,000	$ 1,800,000
TGIF Texas Inc [Member] | Common Stock [Member]
Investment Owned, Balance, Shares		10,200
TGIF Texas Inc [Member] | HMG [Member] | Common Stock [Member]
Investment Owned, Balance, Shares	10,200
TGIF Texas Inc [Member] | Weiner [Member]
Related Party Transaction, Rate	3.75%
Noninterest Expense Directors Fees	$ 25,000	$ 23,000
Due from Affiliate, Current	$ 707,000	$ 707,000
CII Spa LLC [Member] | TGIF Texas Inc [Member]
Equity Method Investment, Ownership Percentage	49.00%

INCOME TAXES (Details)

INCOME TAXES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Loss before income taxes	$ (538,000)	$ (1,078,000)
Computed tax at federal statutory rate of 34%	(183,000)	(367,000)
State taxes at 5.5%	(16,000)	(33,000)
REIT related adjustments	199,000	250,000
Adjustment to valuation allowance	(149,000)	121,000
Other items, net	37,000	29,000
Benefit from income taxes	$ (112,578)	$ 0

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Current:
Federal	$ 28,000	$ 0
State	0	0
Total	28,000	0
Deferred:
Federal	9,000	(104,000)
State	0	(17,000)
Total	9,000	(121,000)
(Reduced) additional valuation allowance	(149,000)	121,000
Total	$ (112,578)	$ 0

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2016	Dec. 31, 2015
Assets [Member]
Income Taxes Line Items [Line Items]
Net operating loss carry forward	$ 391,000	$ 444,000
Unrealized (gain) losses on marketable securities	0	30,000
Excess of tax basis over book basis of other investments	339,000	256,000
Valuation allowance	(391,000)	(540,000)
Totals	339,000	190,000
Liabilities [Member]
Income Taxes Line Items [Line Items]
Excess of book basis of 49% owned corporation over tax basis	393,000	407,000
Unrealized (gain) losses on marketable securities	22,000	0
Excess of tax basis over book basis of other investments	0	0
Totals	$ 415,000	$ 407,000

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Income Tax Disclosure [Line Items]
Deferred Income Tax Liabilities, Net	$ 76,000	$ 217,000
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	34.00%
Dividends, Common Stock, Cash	$ 501,000	$ 517,000
Common Stock, Dividends, Per Share, Cash Paid	$ 0.50	$ 0.50
Noncontrolling Interest, Ownership Percentage by Parent	95.00%
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	5.50%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	49.00%
CII [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards	$ 1,100,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number (in shares)	20,700	17,700
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross (in shares)	12,500	3,000
Stock Issued During Period Shares Stock Options Exercised (in shares)	0	0
Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period (in shares)	(13,200)	0
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period (in shares)	(7,500)	0
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number (in shares)	12,500	20,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares)	12,500	20,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares)	12,500	20,700
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding And Exercisable Number Aggregate Intrinsic Value (in shares)	12,500	20,700
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price [Abstract]
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price	$ 17.54	$ 18.35
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	9.31	12.75
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	0	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Expirations in Period, Weighted Average Exercise Price	16.77	0
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	18.89	0
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	9.31	17.54
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	9.31	17.54
Weighted average fair value for options granted	2.14	12.75
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding And Exercisable Number Aggregate Intrinsic	$ 15,000	$ 0

STOCK-BASED COMPENSATION (Det51

STOCK-BASED COMPENSATION (Details 1) - $ / shares	Dec. 31, 2016	Dec. 31, 2015	Dec. 31, 2014
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number (in shares)	12,500	20,700	17,700
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price	$ 9.31	$ 17.54	$ 18.35
Strike Price, 9.31
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number (in shares)	12,500
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price	$ 9.31

STOCK-BASED COMPENSATION (Det52

STOCK-BASED COMPENSATION (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2016	Dec. 31, 2015
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	5 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate	39.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	0.45%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	4.00%
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	12,500	3,000
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 9.31	$ 12.75
Allocated Share-based Compensation Expense	$ 26,000	$ 6,000
Stock Option Plan 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	120,000
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	12,500	3,000
Director One [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross	12,500