HMG Courtland Properties (HMG) 10-K 29 Mar 18 2017 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 29, 2018	Jun. 30, 2017
Document Information [Line Items]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2017
Document Fiscal Year Focus	2,017
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			$ 4,645,402
Trading Symbol	HMG
Entity Common Stock, Shares Outstanding		1,013,292

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Investment properties, net of accumulated depreciation:
Office building and other commercial property	$ 857,464	$ 864,349
Total investment properties, net	857,464	864,349
Cash and cash equivalents	5,223,995	3,019,463
Investments in marketable securities	4,549,745	7,750,661
Other investments	6,412,120	5,307,765
Investment in affiliate	1,757,607	1,880,854
Loans, notes and other receivables	1,561,750	1,623,151
Investment in residential real estate partnership	1,685,978	2,039,714
Other assets	108,020	291,464
TOTAL ASSETS	22,156,679	22,777,421
LIABILITIES
Note payable to affiliate	1,550,000	1,600,000
Margin payable	267,198	48,803
Dividends payable	0	501,196
Accounts payable, accrued expenses and other liabilities	119,171	87,536
Amounts due to the Adviser for incentive fee	43,279	65,959
Deferred income tax payable	84,153	76,327
TOTAL LIABILITIES	2,063,801	2,379,821
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 shares authorized, and 1,035,493 shares issued	1,035,493	1,035,493
Additional paid-in capital	24,076,991	24,076,991
Less: Treasury shares at cost 33,101 shares	(340,281)	(340,281)
Undistributed gains from sales of properties, net of losses	52,208,753	52,208,753
Undistributed losses from operations	(57,120,990)	(56,806,766)
Total stockholders’ equity	19,859,966	20,174,190
Noncontrolling interest	232,912	223,410
TOTAL EQUITY	20,092,878	20,397,600
TOTAL LIABILITIES AND EQUITY	$ 22,156,679	$ 22,777,421

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
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	1,050,000
Common Stock, Shares, Issued	1,035,493	1,035,493
Treasury Stock, Shares	33,101	33,101

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
REVENUES
Real estate rentals and related revenue	$ 68,321	$ 66,030
Total revenues	68,321	66,030
Operating expenses:
Rental and other properties	199,799	103,393
Adviser’s base fee	660,000	660,000
General and administrative	255,750	348,203
Professional fees and expenses	181,580	189,351
Directors' fees and expenses	82,076	80,532
Depreciation expense	15,398	15,398
Interest expense	68,577	74,688
Total expenses	1,463,180	1,471,565
Loss before other income and income taxes	(1,394,859)	(1,405,535)
Net realized and unrealized gains from investments in marketable securities	260,656	250,293
Equity loss in residential real estate partnership	(223,736)	(282,981)
Net income from other investments	591,250	378,761
Other than temporary impairment losses from other investments	0	(69,002)
Interest, dividend and other income	472,621	590,127
Total other income	1,100,791	867,198
Loss before income taxes	(294,068)	(538,337)
Provision for (benefit from) income taxes	10,653	(112,578)
Net loss	(304,721)	(425,759)
Gain from noncontrolling interest	(9,503)	(5,668)
Net loss attributable to the Company	$ (314,224)	$ (431,427)
Weighted average common shares outstanding-basic and diluted (in shares)	1,002,392	1,020,084
Net loss per common share:
Basic and diluted loss per share (in dollars per share)	$ (0.31)	$ (0.42)

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, 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
Net loss	(314,224)				(314,224)
Treasury shares retired						$ 0
Balance at Dec. 31, 2017	$ 19,859,966	$ 1,035,493	$ 24,076,991	$ 52,208,753	$ (57,120,990)	$ (340,281)
Balance (in shares) at Dec. 31, 2017		1,035,493				33,101

CONSOLIDATED STATEMENTS OF CHA6

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

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss attributable to the Company	$ (314,224)	$ (431,427)
Adjustments to reconcile net loss attributable to the Company to net cash used in operating activities:
Depreciation expense	15,398	15,398
Non-employee stock compensation	0	26,742
Net income from other investments, excluding impairment losses	(591,250)	(378,761)
Other than temporary impairment loss from other investments	0	69,002
Equity loss from residential real estate partnership	223,736	282,981
Gain on sale of real estate (included in other income)	(10,970)	0
Net gains from investments in marketable securities	(260,656)	(250,293)
Net gain attributable to noncontrolling interest	9,503	5,668
Deferred income tax expense (benefit)	7,826	(140,673)
Changes in assets and liabilities:
Other assets and other receivables	166,845	(136,671)
Accounts payable, accrued expenses and other liabilities	(34,326)	58,023
Total adjustments	(473,894)	(448,584)
Net cash used in operating activities	(788,118)	(880,011)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net proceeds from sales and redemptions of securities	7,074,127	6,658,521
Investments in marketable securities	(3,612,553)	(3,651,139)
Distribution from investment in residential real estate partnership	130,000	0
Distributions from other investments	1,520,666	1,117,167
Contributions to other investments	(2,060,530)	(2,209,318)
Proceeds from collections of mortgage loans and notes receivables	78,000	125,000
Distribution from affiliate	193,286	193,286
Purchases and improvements of properties	(34,872)	(46,066)
Proceeds from sale of real estate	37,327
Additions in mortgage loans and notes receivable	0	(500,000)
Net cash provided by investing activities	3,325,451	1,687,451
CASH FLOWS FROM FINANCING ACTIVITIES:
Margin borrowings (repayments)	218,395	(7,950,363)
Dividend paid	(501,196)	(517,747)
Repayment of note payable to affiliate	(50,000)	(200,000)
Purchase of treasury stock	0	(340,281)
Contribution from non-controlling interest	0	7,029
Net cash used in financing activities	(332,801)	(9,001,362)
Net increase (decrease) in cash and cash equivalents	2,204,532	(8,193,922)
Cash and cash equivalents at beginning of the year	3,019,463	11,213,385
Cash and cash equivalents at end of the year	5,223,995	3,019,463
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for interest	69,000	75,000
Cash paid during the year for income taxes	0	26,000
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared but not paid during the year	0	501,196
Treasury stock retired during the year		0
Treasury Stock [Member]
NONCASH INVESTING AND FINANCING ACTIVITIES:
Treasury stock retired during the year	$ 0	$ 223,798

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2017
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 Business and Consolidation. 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”). 95 HMG Orlando, LLC (“HMGO”). 9.5 260 River Corp (“260”). 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. HMG Atlanta, LLC (“HMGATL”). 1.5 Baleen Associates, Inc. (“Baleen”). 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, 2017 and 2016. The Company’s federal income tax returns since 2014 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. 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, 2017 and 2016, 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, 2017, and 2016 there was approximately $ 267,000 49,000 Treasury bills, from time to time, are pledged as collateral pursuant to broker margin requirements. As of December 31, 2017, and 2016 there were no such margin balances outstanding. 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, 2017, and 2016, 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. Income (loss) per common share. 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. In July 2017 CII sold a 20,000 44,000 10,000 . For purposes of the consolidated statements of cash flows, the Company considers all highly liquid investments with an original maturity of three months or less to be cash and cash equivalents. Concentration of Credit Risk. 250,000 52,000 50,000 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. . 2017 2016 Noncontrolling interest balance at beginning of year $ 223,000 $ 211,000 Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary 10,000 5,000 Noncontrolling partners’ contribution - 7,000 Noncontrolling interest balance at end of year $ 233,000 $ 223,000 Revenue recognition. 5 55,566 . 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 was no impairment of long-lived assets in 2017 and 2016. 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. . In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers Other Income: Gains and Losses from the Derecognition of Nonfinancial Assets The Company has reviewed its revenue streams and determined that the significant majority of its revenue is derived from financial instruments (i.e. receivables, debt & equity securities, investments and financial instruments), which are not in scope of the revenue standard. In addition, the Company also has sales of real estate which have historically been primarily all-cash transactions with no contingencies and no future involvement in the operations. For its all-cash sale transactions, the Company does not anticipate a significant change to the timing of revenue recognition upon adoption of this new revenue standard. In February 2016, the FASB issued ASU 2016 - - - 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, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2. INVESTMENT PROPERTIES December 31, 2017 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,198 $ 341,266 $ 310,931 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 109,845 — 109,845 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (5.4 acres) 111,689 — 111,689 $ 1,250,731 $ 393,266 $ 857,464 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 In July 2017 CII sold a 20,000 44,000 10,000

INVESTMENTS IN MARKETABLE SECUR

INVESTMENTS IN MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2017
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 $ 2.96 6.25 199,000 21,000 December 31, 2017 December 31, 2016 Description Cost Fair Unrealized Cost Fair Unrealized Real Estate Investment Trusts $ 2,848,000 $ 2,958,000 $ 110,000 $ 6,197,000 $ 6,249,000 $ 52,000 Mutual Funds, ETF &; other 258,000 290,000 32,000 222,000 244,000 22,000 Other Equity Securities 650,000 785,000 135,000 525,000 544,000 19,000 Total Equity Securities 3,756,000 4,033,000 276,000 6,944,000 7,037,000 93,000 Debt Securities 485,000 517,000 32,000 696,000 713,000 17,000 Total $ 4,241,000 $ 4,550,000 $ 309,000 $ 7,640,000 $ 7,750,000 $ 110,000 Cost Fair Value 2018 – 2022 $ 47,000 $ 51,000 2023 – 2027 177,000 188,000 2028 – thereafter 261,000 278,000 $ 485,000 $ 517,000 Description 2017 2016 Net realized gains from sales of marketable securities $ 62,000 $ 271,000 Net unrealized gains (losses) from marketable securities 199,000 (21,000) Total net gains from investments in marketable securities $ 261,000 $ 250,000 Net realized gain from sales of marketable securities consisted of approximately $ 364,000 302,000 648,000 377,000 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, 2017
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 46 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, 2017, and 2016, other investments had an aggregate carrying value of $ 6.4 5.3 2.4 2.1 2.2 1.5 1.1 Carrying values as of December 31, Investment Focus 2017 2016 Technology and communications $ 163,000 $ 172,000 Diversified businesses 2,615,000 2,601,000 Real estate and related 2,999,000 1,900,000 Other (primarily private banks) 635,000 635,000 Totals $ 6,412,000 $ 5,308,000 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. 2017 2016 Income from investment in 49% owned affiliate (a) $ 70,000 $ 12,000 Real estate and related (b) 224,000 148,000 Diversified businesses (c) 270,000 231,000 Technology and related 27,000 (13,000) Total net income from other investments $ 591,000 $ 378,000 (a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). The increase in gain from TGIF in 2017 as compared with 2016 is primarily due to gains on disposition of other real estate investments. In 2017 and 2016 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $ 193,000 (b) The gain in 2017 and 2016 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 2017 and 2016 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, 2017, there were no valuation losses from 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, 2017 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Partnerships owning investments in technology related industries $ 138,000 $ (24,000) $ - $ - $ 138,000 $ (24,000) Total $ 138,000 $ (24,000) $ - $ - $ 138,000 $ (24,000) As of December 31, 2016 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized 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)

FAIR VALUE INSTRUMENTS

FAIR VALUE INSTRUMENTS	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016, 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 Description Total Quoted Prices in Active Significant Other Significant Assets: Cash equivalents: Time deposits $ 352,000 $ - $ 352,000 $ — Money market mutual funds 1,633,000 1,633,000 — — US T-bills 2,935,000 2,935,000 — — Marketable securities: Corporate debt securities 517,000 — 517,000 — Marketable equity securities 4,033,000 4,033,000 — — Total assets $ 9,470,000 $ 8,601,000 $ 869,000 $ — Fair value measurement at reporting date using Description Total Quoted Prices in Active Significant Other Significant 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 $ — 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, 2017
Investments In Affiliates Abstract [Abstract]
Investments In Affiliates Disclosure [Text Block]	6. INVESTMENT IN AFFILIATE Investment in affiliate consists of CII’s 49 70,000 12,000 07 193,000

LOANS, NOTES AND OTHER RECEIVAB

LOANS, NOTES AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	7. LOANS, NOTES AND OTHER RECEIVABLES As of December 31, Description 2017 2016 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 entity owning apartments (b) 500,000 500,000 Promissory note and accrued interest due from individual (c) - 78,000 Other 28,000 11,000 Total loans, notes and other receivables $ 1,562,000 $ 1,623,000 (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 May 2016 the Company loaned $ 500,000 9.5 April 28, 2021 (c) In December 2007, the Company loaned $ 400,000

INVESTMENT IN RESIDENTIAL REAL

INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIP	12 Months Ended
	Dec. 31, 2017
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 and entered into the Amended and Restated Operating Agreement of JY-TV (the “Agreement”). On May 19, 2015, pursuant to the terms of a Construction Loan Agreement, between JY-TV or the “Borrower”, and Wells Fargo Bank ("Lender"), Lender loaned to the Borrower the principal sum of $ 27 239,000 9.5 97 657,000 849,000 1.1 712,000 1.5 289,000 219,000 283,000 As previously reported on Form 8-K dated February 20, 2018, JY-TV Associates, LLC, a Florida limited liability company (“JY-TV”) (“Seller”) and an entity one-third owned by HMG, completed the sale of its multi-family residential apartments located in Orlando, Florida pursuant to the previously reported Agreement of Sale (the “Agreement”) to Murano 240, LLC (as per an Assignment and Assumption of Agreement of Sale with Cardone Real Estate Acquisitions, LLC), a Delaware limited liability company and an unrelated entity (“Purchaser”). The final sales price was $ 50,150,000 6.1 6.00 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, 2017
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. Mr. Wiener is the Chairman of the Board, President and Chief Executive Officer of HMGA; and Carlos Camarotti is its 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 August 2017, the shareholders approved the renewal of the Advisory Agreement between the Company and the Adviser for a term commencing January 1, 2018 and expiring December 31, 2018, under the same terms as in 2017. For the years ended December 31, 2017 and 2016, the Company incurred Adviser fees of approximately $ 703,000 726,000 660,000 43,000 66,000 The Adviser leases its executive offices from CII pursuant to a lease agreement. This lease agreement calls for base rent of $ 55,566 Mr. Wiener is a 19 49 1,550,000 1,600,000 4.5 As of December 31, 2017, and 2016, T.G.I.F. owns 10,200 As of December 31, 2017, and 2016, T.G.I.F. had amounts due from Mr. Wiener in the amount of approximately $ 707,000 Mr. Wiener received consulting and director’s fees from T.G.I.F totaling approximately $ 29,000 25,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	10. INCOME TAXES 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 50 As of December 31, 2017, the Company, excluding its taxable REIT subsidiary, CII, has an estimated tax net operating loss carryover (NOL) estimated at $ 1.4 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, 2017, and 2016, the Company has a net deferred tax liability of approximately $ 84,000 76,000 989,000 2017 2016 Loss before income taxes $ (294,000) $ (538,000) Computed tax at federal statutory rate of 34% $ (100,000) $ (183,000) State taxes 9,000 (16,000) REIT related adjustments 152,000 199,000 Adjustment to valuation allowance (152,000) (149,000) Revaluation of deferred items due to federal rate change 85,000 - Other items, net 17,000 37,000 Provision for (benefit from) income taxes $ 11,000 $ (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. Year ended December 31, 2016 2017 Current: Federal $ (2,000) $ 28,000 State 5,000 - 3,000 28,000 Deferred: Federal $ 168,000 $ 9,000 State 8,000 - 176,000 9,000 Reduced valuation allowance (168,000) (149,000) Total $ 11,000 $ (112,000) As of December 31, 2017 As of December 31, 2016 Assets Liabilities Assets Liabilities Net operating loss carry forward $ 223,000 $ 391,000 Excess of book basis of 49% owned corporation over tax basis $ 281,000 $ 393,000 Unrealized gain on marketable securities - 50,000 - 22,000 Excess of tax basis over book basis of other investments 247,000 - 339,000 - Valuation allowance (223,000) (391,000) Totals $ 247,000 $ 331,000 $ 339,000 $ 415,000

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2017
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. No stock options were granted, exercised or forfeited in the year ended December 31, 2017. There were 12,500 2016 For the year ended December 31, 2016 the Company granted 12,500 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 As of December 31, 2017, and 2016, there is no unrecognized non-employee stock compensation expense related to unvested stock options under the Plan. As of December 31, 2017 As of December 31, 2016 Shares Weighted Shares Weighted Outstanding at the beginning of the period 12,500 $ 9.31 20,700 $ 17.54 Granted - 12,500 $ 9.31 Exercised - - - - Expired - - (13,200) 16.77 Forfeited - - (7,500) 18.89 Outstanding at the end of the period 12,500 $ 9.31 12,500 $ 9.31 Options exercisable at period-end 12,500 $ 9.31 12,500 $ 9.31 Weighted average fair value of options granted during the period - - 12,500 $ 2.14 Aggregate intrinsic value of outstanding and exercisable options at the end of the period 12,500 $ 64,000 12,500 $ 15,000 Number Outstanding Weighted Average 12,500 $ 9.31

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events [Text Block]	12. SUBSEQUENT EVENT As previously reported, on February 20, 2018, JY-TV Associates, LLC, a Florida limited liability company (“JY-TV”) (“Seller”) and an entity one-third owned by HMG, completed the sale of its multi-family residential apartments located in Orlando, Florida pursuant to the previously reported Agreement of Sale (the “Agreement”) to Murano 240, LLC (as per an Assignment and Assumption of Agreement of Sale with Cardone Real Estate Acquisitions, LLC), a Delaware limited liability company and an unrelated entity (“Purchaser”). The final sales price was $ 50,150,000 6.1 6.00

DESCRIPTION OF BUSINESS AND S20

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Business and Consolidation. 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”). 95 HMG Orlando, LLC (“HMGO”). 9.5 260 River Corp (“260”). 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. HMG Atlanta, LLC (“HMGATL”). 1.5 Baleen Associates, Inc. (“Baleen”). 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, 2017 and 2016. The Company’s federal income tax returns since 2014 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. 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, 2017 and 2016, 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, 2017, and 2016 there was approximately $ 267,000 49,000 Treasury bills, from time to time, are pledged as collateral pursuant to broker margin requirements. As of December 31, 2017, and 2016 there were no such margin balances outstanding.
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, 2017, and 2016, 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. 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. In July 2017 CII sold a 20,000 44,000 10,000
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. 250,000 52,000 50,000
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 . 2017 2016 Noncontrolling interest balance at beginning of year $ 223,000 $ 211,000 Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary 10,000 5,000 Noncontrolling partners’ contribution - 7,000 Noncontrolling interest balance at end of year $ 233,000 $ 223,000
Revenue Recognition, Policy [Policy Text Block]	Revenue recognition. 5 55,566
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 was no impairment of long-lived assets in 2017 and 2016.
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 . In May 2014, the FASB issued ASU No. 2014-09, Revenue from Contracts with Customers Other Income: Gains and Losses from the Derecognition of Nonfinancial Assets The Company has reviewed its revenue streams and determined that the significant majority of its revenue is derived from financial instruments (i.e. receivables, debt &; equity securities, investments and financial instruments), which are not in scope of the revenue standard. In addition, the Company also has sales of real estate which have historically been primarily all-cash transactions with no contingencies and no future involvement in the operations. For its all-cash sale transactions, the Company does not anticipate a significant change to the timing of revenue recognition upon adoption of this new revenue standard. In February 2016, the FASB issued ASU 2016 - - - 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 S21

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 is as follows: 2017 2016 Noncontrolling interest balance at beginning of year $ 223,000 $ 211,000 Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary 10,000 5,000 Noncontrolling partners’ contribution - 7,000 Noncontrolling interest balance at end of year $ 233,000 $ 223,000

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,198 $ 341,266 $ 310,931 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 109,845 — 109,845 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (5.4 acres) 111,689 — 111,689 $ 1,250,731 $ 393,266 $ 857,464 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

INVESTMENTS IN MARKETABLE SEC23

INVESTMENTS IN MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2017
Investments, Debt and Equity Securities [Abstract]
Marketable Securities [Table Text Block]	For the years ended December 31, 2017 and 2016, net unrealized gains (losses) on trading securities were approximately $ 199,000 21,000 December 31, 2017 December 31, 2016 Description Cost Fair Unrealized Cost Fair Unrealized Real Estate Investment Trusts $ 2,848,000 $ 2,958,000 $ 110,000 $ 6,197,000 $ 6,249,000 $ 52,000 Mutual Funds, ETF &; other 258,000 290,000 32,000 222,000 244,000 22,000 Other Equity Securities 650,000 785,000 135,000 525,000 544,000 19,000 Total Equity Securities 3,756,000 4,033,000 276,000 6,944,000 7,037,000 93,000 Debt Securities 485,000 517,000 32,000 696,000 713,000 17,000 Total $ 4,241,000 $ 4,550,000 $ 309,000 $ 7,640,000 $ 7,750,000 $ 110,000
Held-to-maturity Securities [Table Text Block]	As of December 31, 2017, debt securities are scheduled to mature as follows: Cost Fair Value 2018 – 2022 $ 47,000 $ 51,000 2023 – 2027 177,000 188,000 2028 – thereafter 261,000 278,000 $ 485,000 $ 517,000
Gain (Loss) on Investments [Table Text Block]	Net gain (loss) from investments in marketable securities for the years ended December 31, 2017 and 2016 is summarized below: Description 2017 2016 Net realized gains from sales of marketable securities $ 62,000 $ 271,000 Net unrealized gains (losses) from marketable securities 199,000 (21,000) Total net gains from investments in marketable securities $ 261,000 $ 250,000

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
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 2017 2016 Technology and communications $ 163,000 $ 172,000 Diversified businesses 2,615,000 2,601,000 Real estate and related 2,999,000 1,900,000 Other (primarily private banks) 635,000 635,000 Totals $ 6,412,000 $ 5,308,000
Investment Income [Table Text Block]	Net income from other investments is summarized below (excluding other than temporary impairment loss): 2017 2016 Income from investment in 49% owned affiliate (a) $ 70,000 $ 12,000 Real estate and related (b) 224,000 148,000 Diversified businesses (c) 270,000 231,000 Technology and related 27,000 (13,000) Total net income from other investments $ 591,000 $ 378,000 (a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). The increase in gain from TGIF in 2017 as compared with 2016 is primarily due to gains on disposition of other real estate investments. In 2017 and 2016 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $ 193,000 (b) The gain in 2017 and 2016 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 2017 and 2016 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, 2017 and 2016, aggregated by investment category and the length of time that investments have been in a continuous loss position: As of December 31, 2017 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized Partnerships owning investments in technology related industries $ 138,000 $ (24,000) $ - $ - $ 138,000 $ (24,000) Total $ 138,000 $ (24,000) $ - $ - $ 138,000 $ (24,000) As of December 31, 2016 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized Fair Value Unrealized Fair Value Unrealized 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)

FAIR VALUE INSTRUMENTS (Tables)

FAIR VALUE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2017
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	For the year ended December 31, 2017 and 2016, 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 Description Total Quoted Prices in Active Significant Other Significant Assets: Cash equivalents: Time deposits $ 352,000 $ - $ 352,000 $ — Money market mutual funds 1,633,000 1,633,000 — — US T-bills 2,935,000 2,935,000 — — Marketable securities: Corporate debt securities 517,000 — 517,000 — Marketable equity securities 4,033,000 4,033,000 — — Total assets $ 9,470,000 $ 8,601,000 $ 869,000 $ — Fair value measurement at reporting date using Description Total Quoted Prices in Active Significant Other Significant 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 $ —

LOANS, NOTES AND OTHER RECEIV26

LOANS, NOTES AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	As of December 31, Description 2017 2016 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 entity owning apartments (b) 500,000 500,000 Promissory note and accrued interest due from individual (c) - 78,000 Other 28,000 11,000 Total loans, notes and other receivables $ 1,562,000 $ 1,623,000 (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 May 2016 the Company loaned $ 500,000 9.5 April 28, 2021 (c) In December 2007, the Company loaned $ 400,000

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016 were as follows: 2017 2016 Loss before income taxes $ (294,000) $ (538,000) Computed tax at federal statutory rate of 34% $ (100,000) $ (183,000) State taxes 9,000 (16,000) REIT related adjustments 152,000 199,000 Adjustment to valuation allowance (152,000) (149,000) Revaluation of deferred items due to federal rate change 85,000 - Other items, net 17,000 37,000 Provision for (benefit from) income taxes $ 11,000 $ (112,000)
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	The provision for (benefit from) income taxes in the consolidated statements of comprehensive income consists of the following: Year ended December 31, 2016 2017 Current: Federal $ (2,000) $ 28,000 State 5,000 - 3,000 28,000 Deferred: Federal $ 168,000 $ 9,000 State 8,000 - 176,000 9,000 Reduced valuation allowance (168,000) (149,000) Total $ 11,000 $ (112,000)
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	As of December 31, 2017, and 2016, the components of the deferred tax assets and liabilities are as follows: As of December 31, 2017 As of December 31, 2016 Assets Liabilities Assets Liabilities Net operating loss carry forward $ 223,000 $ 391,000 Excess of book basis of 49% owned corporation over tax basis $ 281,000 $ 393,000 Unrealized gain on marketable securities - 50,000 - 22,000 Excess of tax basis over book basis of other investments 247,000 - 339,000 - Valuation allowance (223,000) (391,000) Totals $ 247,000 $ 331,000 $ 339,000 $ 415,000

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2017
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, 2017 and 2016, and changes during the periods ending on those dates are presented below: As of December 31, 2017 As of December 31, 2016 Shares Weighted Shares Weighted Outstanding at the beginning of the period 12,500 $ 9.31 20,700 $ 17.54 Granted - 12,500 $ 9.31 Exercised - - - - Expired - - (13,200) 16.77 Forfeited - - (7,500) 18.89 Outstanding at the end of the period 12,500 $ 9.31 12,500 $ 9.31 Options exercisable at period-end 12,500 $ 9.31 12,500 $ 9.31 Weighted average fair value of options granted during the period - - 12,500 $ 2.14 Aggregate intrinsic value of outstanding and exercisable options at the end of the period 12,500 $ 64,000 12,500 $ 15,000
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, 2017 and 2016: Number Outstanding Weighted Average 12,500 $ 9.31

DESCRIPTION OF BUSINESS AND S29

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Noncontrolling Interest [Line Items]
Noncontrolling interest balance at beginning of year	$ 223,410	$ 211,000
Noncontrolling partners’ interest in operating gains (losses) of consolidated subsidiary	9,503	5,668
Noncontrolling partners’ contribution	0	7,000
Noncontrolling interest balance at end of year	$ 232,912	$ 223,410

DESCRIPTION OF BUSINESS AND S30

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Texual)	1 Months Ended	12 Months Ended
	Jul. 31, 2017USD ($)a	Dec. 31, 2017USD ($)ashares	Dec. 31, 2016USD ($)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		12,500	12,500
Percentage of Increase in Extension Permit		5.00%
Cash, Uninsured Amount		$ 52,000	$ 50,000
Cash, FDIC Insured Amount		250,000
Operating Leases, Rent Expense, Minimum Rentals		55,566
Trading Securities Pledged as Collateral		$ 267,000	$ 49,000
CII [Member]
Area of Land | a	20,000
Proceeds from Sale of Other Real Estate	$ 44,000
Deferred Gain on Sale of Property	$ 10,000
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%
HMG Atlanta, LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent		1.50%

INVESTMENT PROPERTIES (Details)

INVESTMENT PROPERTIES (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Office building and other commercial property:
Cost	$ 1,250,731	$ 1,242,217
Accumulated Depreciation	393,266	377,868
Net	857,464	864,349
Corporate Office - (Coconut Grove, FL) - Building [Member]
Office building and other commercial property:
Cost	652,198	652,198
Accumulated Depreciation	341,266	325,868
Net	310,931	326,330
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	109,845	82,348
Accumulated Depreciation	0	0
Net	109,845	82,348
Other (Paxton, MA) - Land (20,000 square feet) [Member]
Office building and other commercial property:
Cost		18,982
Accumulated Depreciation		0
Net		18,982
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)	1 Months Ended
	Jul. 31, 2017USD ($)a	Sep. 14, 2014a
Office building and other commercial property:
Area of Land | a		9.5
CII [Member]
Office building and other commercial property:
Area of Land | a	20,000
Proceeds from Sale of Other Real Estate | $	$ 44,000
Deferred Gain on Sale of Property | $	$ 10,000

INVESTMENTS IN MARKETABLE SEC33

INVESTMENTS IN MARKETABLE SECURITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Schedule of Trading Securities and Other Trading Assets [Line Items]
Marketable Securities, Total	$ 4,549,745	$ 7,750,661
Marketable Securities, Unrealized Gain (Loss)	199,000	(21,000)
Real Estate Investment Trusts [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	2,848,000	6,197,000
Marketable Securities, Total	2,958,000	6,249,000
Marketable Securities, Unrealized Gain (Loss)	110,000	52,000
Mutual Funds, ETF & other [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	258,000	222,000
Marketable Securities, Total	290,000	244,000
Marketable Securities, Unrealized Gain (Loss)	32,000	22,000
Other Equity Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	650,000	525,000
Marketable Securities, Total	785,000	544,000
Marketable Securities, Unrealized Gain (Loss)	135,000	19,000
Total Equity Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	3,756,000	6,944,000
Marketable Securities, Total	4,033,000	7,037,000
Marketable Securities, Unrealized Gain (Loss)	276,000	93,000
Debt Securities [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	485,000	696,000
Marketable Securities, Total	517,000	713,000
Marketable Securities, Unrealized Gain (Loss)	32,000	17,000
Total [Member]
Schedule of Trading Securities and Other Trading Assets [Line Items]
Real Estate Investment Trusts	4,241,000	7,640,000
Marketable Securities, Total	4,550,000	7,750,000
Marketable Securities, Unrealized Gain (Loss)	$ 309,000	$ 110,000

INVESTMENTS IN MARKETABLE SEC34

INVESTMENTS IN MARKETABLE SECURITIES (Details 1)	Dec. 31, 2017USD ($)
2018 - 2022 Cost	$ 47,000
2018 - 2022 Fair value	51,000
2023 - 2027 Cost	177,000
2023 - 2027 Fair value	188,000
2028 - thereafter Cost	261,000
2028 - thereafter Fair value	278,000
Held-to-maturity Securities	485,000
Held-to-maturity Securities, Fair Value	$ 517,000

INVESTMENTS IN MARKETABLE SEC35

INVESTMENTS IN MARKETABLE SECURITIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Net Realized And Unrealized Gain (Loss) From Investments In Marketable Security Summarized Below [Line Items]
Net realized gains from sales of marketable securities	$ 62,000	$ 271,000
Net unrealized gains (losses) from marketable securities	199,000	(21,000)
Total net gains from investments in marketable securities	$ 260,656	$ 250,293

INVESTMENTS IN MARKETABLE SEC36

INVESTMENTS IN MARKETABLE SECURITIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Marketable Securities Purchases Of Company Details [Line Items]
Investments In Marketable Securities	$ 2,960,000	$ 6,250,000
Marketable Securities Gain	364,000	648,000
Marketable Securities Loss	302,000	377,000
Trading Securities, Change in Unrealized Holding Gain (Loss)	$ 199,000	$ (21,000)

OTHER INVESTMENTS (Details)

OTHER INVESTMENTS (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Schedule of Investments [Line Items]
Investment Focus	$ 6,412,120	$ 5,307,765
Real estate and related [Member]
Schedule of Investments [Line Items]
Investment Focus	2,999,000	1,900,000
Venture capital funds - technology and communications [Member]
Schedule of Investments [Line Items]
Investment Focus	163,000	172,000
Venture capital funds - diversified businesses [Member]
Schedule of Investments [Line Items]
Investment Focus	2,615,000	2,601,000
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, 2017	Dec. 31, 2016
Income From Other Investments [Line Items]
Net income from other investments		$ 591,000	$ 378,000
Real estate and related [Member]
Income From Other Investments [Line Items]
Net income from other investments	[1]	224,000	148,000
Income from investment in 49% owned affiliate [Member]
Income From Other Investments [Line Items]
Net income from other investments	[2]	70,000	12,000
Venture capital funds - diversified businesses [Member]
Income From Other Investments [Line Items]
Net income from other investments	[3]	270,000	231,000
Technology And Related [Member]
Income From Other Investments [Line Items]
Net income from other investments		$ 27,000	$ (13,000)
[1]	The gain in 2017 and 2016 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”). The increase in gain from TGIF in 2017 as compared with 2016 is primarily due to gains on disposition of other real estate investments. In 2017 and 2016 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 2017 and 2016 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, 2017	Dec. 31, 2016
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 138,000	$ 649,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	138,000	649,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(24,000)	(41,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total	(24,000)	(41,000)
Partnerships Owning Investments In Technology Related Industries [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	138,000	151,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	138,000	151,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(24,000)	(11,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	0	0
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total	$ (24,000)	(11,000)
Partnerships Owning Diversified Businesses Investments [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		498,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total		498,000
Unrealized Loss
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		(30,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss, Total		$ (30,000)

OTHER INVESTMENTS (Details Text

OTHER INVESTMENTS (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Other Investment [Line Items]
Other Investments, Total	$ 6,412,120	$ 5,307,765
Company committed to fund approximately as required by agreements with the investees	2,400,000
Company made contributions to other investments of approximately	2,100,000	2,200,000
Received distributions from investments	1,500,000	1,100,000
Investment Income, Dividend	193,000	193,000
Other than Temporary Impairment Losses, Investments, Total	$ 0	69,002
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, 2017	Dec. 31, 2016
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 8,601,000	$ 9,219,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	869,000	1,064,000
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	9,470,000	10,283,000
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	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	352,000	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	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	352,000	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	1,633,000	2,182,000
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	1,633,000	2,182,000
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	2,935,000
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	2,935,000
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	517,000	714,000
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	517,000	714,000
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	4,033,000	7,037,000
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	$ 4,033,000	$ 7,037,000

INVESTMENT IN AFFILIATE (Detail

INVESTMENT IN AFFILIATE (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Equity Method Investment, Ownership Percentage	49.00%
Investment Income, Dividend	$ 193,000	$ 193,000
TGIF Texas Inc [Member]
Income (Loss) from Equity Method Investments	$ 70,000	$ 12,000
Cash Dividend Declared And Paid	$ 0.07	$ 0.07
Investment Income, Dividend	$ 193,000	$ 193,000

LOANS, NOTES AND OTHER RECEIV43

LOANS, NOTES AND OTHER RECEIVABLES (Details) - USD ($)		Dec. 31, 2017	Dec. 31, 2016
Accounts and Notes Receivable, Net, Total		$ 1,561,750	$ 1,623,151
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 note and accrued interest due from entity owning apartments [Member]
Accounts and Notes Receivable, Net, Total	[2]	0	78,000
Promissory Notes And Accrued Interest Due From Individual [Member]
Accounts and Notes Receivable, Net, Total	[3]	500,000	500,000
Other Loans Notes And Other Receivables [Member]
Accounts and Notes Receivable, Net, Total		$ 28,000	$ 11,000
[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 the same local real estate developer mentioned above and which loan was secured by numerous real estate interests. All principal and interest were paid on a timely basis by the borrower throughout the life of the loan. In 2017 the remaining principal and interest outstanding was collected, and the loan collateral was released.
[3]	In May 2016 the Company loaned $500,000 to an entity owned by a local real estate developer who is well known to the Company 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 RECEIV44

LOANS, NOTES AND OTHER RECEIVABLES (Details Textual) - USD ($)	1 Months Ended
	May 31, 2016	Feb. 28, 2013	Dec. 31, 2017
Accounts, Notes, Loans and Financing Receivable [Line Items]
Loans Receivable, Gross, Commercial, Real Estate, Total	$ 500,000		$ 400,000
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 REA45

INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIP (Details Textual)	1 Months Ended	2 Months Ended	12 Months Ended
	Feb. 20, 2018USD ($)$ / shares	Feb. 20, 2018USD ($)$ / shares	Dec. 31, 2017USD ($)	Dec. 31, 2016USD ($)	May 19, 2015USD ($)aft²	Sep. 14, 2014a
Area of Land | a						9.5
Net Income (Loss) Attributable to Parent, Total			$ (314,224)	$ (431,427)
Depreciation, Depletion and Amortization, Nonproduction, Total			15,398	15,398
Interest Expense, Total			68,577	74,688
Net Income (Loss) from Real Estate Investment Partnership			$ (223,736)	(282,981)
JY-TV Associates LLC [Member]
Net Rentable Area | ft²					239,000
Area of Land | a					9.5
Project Leased Percentage			97.00%
Net Income (Loss) Attributable to Parent, Total			$ 657,000	849,000
Depreciation, Depletion and Amortization, Nonproduction, Total			1,100,000	712,000
Interest Expense, Total			1,500,000	289,000
Net Income (Loss) from Real Estate Investment Partnership			$ 219,000	$ 283,000
JY-TV Associates LLC [Member] | Subsequent Event [Member]
Proceeds from Sale, Maturity and Collection of Investments	$ 50,150,000	$ 50,150,000
Gain On Sale Before Incentive Fees	$ 6,100,000	$ 6,100,000
Share Price | $ / shares	$ 6	$ 6
Wells Fargo Bank [Member]
Construction Loan					$ 27,000,000

NOTES AND ADVANCES DUE FROM A46

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Loans and Leases Receivable before Fees, Gross	$ 55,566
Equity Method Investment, Ownership Percentage	49.00%
Related Party Transaction, Rate	726000.00%
Noninterest Expense Directors Fees	$ 82,076	$ 80,532
Due from Affiliate, Current		703,000
Adiviser [Member]
Officers' Compensation	703,000	726,000
Adiviser [Member] | Regular Compensation [Member]
Officers' Compensation	660,000	660,000
Adiviser [Member] | Incentive Fee [Member]
Officers' Compensation	$ 43,000	66,000
TGIF Texas Inc [Member]
Equity Method Investment, Ownership Percentage	19.00%
Due from Affiliate, Current	$ 1,550,000	1,600,000
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	4.50%
Noninterest Expense Directors Fees	$ 29,000	$ 25,000
Due from Affiliate, Current	$ 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, 2017	Dec. 31, 2016
Loss before income taxes	$ (294,000)	$ (538,000)
Computed tax at federal statutory rate of 34%	(100,000)	(183,000)
State taxes at 5.5%	9,000	(16,000)
REIT related adjustments	152,000	199,000
Adjustment to valuation allowance	(152,000)	(149,000)
Revaluation of deferred items due to federal rate change	85,000	0
Other items, net	17,000	37,000
Benefit from income taxes	$ 10,653	$ (112,578)

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Current:
Federal	$ 28,000	$ (2,000)
State	0	5,000
Total	28,000	3,000
Deferred:
Federal	9,000	168,000
State	0	8,000
Total	9,000	176,000
Reduced valuation allowance	(149,000)	(168,000)
Total	$ 10,653	$ (112,578)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Assets [Member]
Income Taxes Line Items [Line Items]
Net operating loss carry forward	$ 223,000	$ 391,000
Unrealized gain on marketable securities	0	0
Excess of tax basis over book basis of other investments	247,000	339,000
Valuation allowance	(223,000)	(391,000)
Totals	247,000	339,000
Liabilities [Member]
Income Taxes Line Items [Line Items]
Excess of book basis of 49% owned corporation over tax basis	281,000	393,000
Unrealized gain on marketable securities	50,000	22,000
Excess of tax basis over book basis of other investments	0	0
Totals	$ 331,000	$ 415,000

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Line Items]
Deferred Income Tax Liabilities, Net	$ 84,000	$ 76,000
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%
CII [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards	$ 1,400,000
CII [Member] | Change in Accounting Method Accounted for as Change in Estimate [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards	$ 989,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
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)	12,500	20,700
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross (in shares)	0	12,500
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)	0	(13,200)
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period (in shares)	0	(7,500)
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number (in shares)	12,500	12,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number (in shares)	12,500	12,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures, Total (in shares)	0	12,500
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	12,500
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	$ 9.31	$ 17.54
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	0	9.31
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	0	16.77
Share-based Compensation Arrangements by Share-based Payment Award, Options, Forfeitures in Period, Weighted Average Exercise Price	0	18.89
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Exercise Price, Ending Balance	9.31	9.31
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price	9.31	9.31
Weighted average fair value for options granted	0	2.14
Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding And Exercisable Number Aggregate Intrinsic	$ 64,000	$ 15,000

STOCK-BASED COMPENSATION (Det52

STOCK-BASED COMPENSATION (Details 1) - $ / shares	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number (in shares)	12,500	12,500	20,700
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price	$ 9.31	$ 9.31	$ 17.54
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 (Det53

STOCK-BASED COMPENSATION (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
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	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		45.00%
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	0	12,500
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price	$ 0	$ 9.31
Allocated Share-based Compensation Expense	$ 26,000
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
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

SUBSEQUENT EVENT (Details Textu

SUBSEQUENT EVENT (Details Textual) - JY-TV Associates LLC [Member] - Subsequent Event [Member]	1 Months Ended	2 Months Ended
	Feb. 20, 2018USD ($)$ / shares	Feb. 20, 2018USD ($)$ / shares
Subsequent Event [Line Items]
Gain On Sale Before Incentive Fees	$ 6,100,000	$ 6,100,000
Proceeds from Sale, Maturity and Collection of Investments	$ 50,150,000	$ 50,150,000
Share Price | $ / shares	$ 6	$ 6