HMG Courtland Properties (HMG) 10-K 18 Mar 20 2019 FY Annual report Financial data

Cover Page

Cover Page - USD ($)	12 Months Ended
	Dec. 31, 2019	Mar. 18, 2020	Jun. 30, 2019
Cover [Abstract]
Document Type	10-K
Amendment Flag	false
Document Period End Date	Dec. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Trading Symbol	HMG
Entity Registrant Name	HMG COURTLAND PROPERTIES INC
Entity Central Index Key	0000311817
Current Fiscal Year End Date	--12-31
Entity Current Reporting Status	Yes
Entity Filer Category	Non-accelerated Filer
Entity Common Stock, Shares Outstanding		1,013,292
Entity Interactive Data Current	Yes
Entity Shell Company	false
Entity Small Business	true
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Stock
Security Exchange Name	NYSE
Entity Address, State or Province	FL
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Entity Public Float			$ 5,792,476

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Investment properties, net of accumulated depreciation:
Office building and other commercial property	$ 925,963	$ 875,198
Total investment properties, net	925,963	875,198
Cash and cash equivalents	15,382,596	19,738,174
Investments in marketable securities	3,473,521	3,075,718
Other investments	5,585,666	6,039,456
Investment in affiliate	1,442,423	1,637,985
Loans, notes and other receivables	2,519,570	1,796,926
Investment in residential real estate partnership	3,627,598	200,000
Other assets	55,152	73,477
TOTAL ASSETS	33,012,489	33,436,934
LIABILITIES
Note payable to affiliate	1,000,000	1,340,000
Margin payable	9,916,774	9,857,918
Dividends payable	506,646	506,646
Accounts payable, accrued expenses and other liabilities	373,649	370,632
Amounts due to the Adviser for incentive fee	81,333	40,426
Deferred income tax payable	77,485	47,888
TOTAL LIABILITIES	11,955,887	12,163,510
COMMITMENTS AND CONTINGENCIES	0	0
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, 1,013,292 and 1,046,393 shares issued as of December 31, 2019 and December 31, 2018, respectively	1,013,293	1,046,393
Additional paid-in capital	23,859,686	24,157,986
Less: Treasury shares at cost 33,101 shares	0	(340,281)
Undistributed gains from sales of properties, net of losses	54,136,118	54,642,764
Undistributed losses from operations	(58,203,938)	(58,473,807)
Total stockholders' equity	20,805,159	21,033,055
Noncontrolling interest	251,443	240,369
TOTAL EQUITY	21,056,602	21,273,424
TOTAL LIABILITIES AND EQUITY	$ 33,012,489	$ 33,436,934

CONSOLIDATED BALANCE SHEETS (P

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2019	Dec. 31, 2018
Stockholders' Equity, Number of Shares, Par Value and Other Disclosures [Abstract]
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	1,013,292	1,046,393
Treasury Stock, Shares		33,101

CONSOLIDATED STATEMENTS OF INCO

CONSOLIDATED STATEMENTS OF INCOME - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
REVENUES
Real estate rentals and related revenue	$ 75,387	$ 72,598
Total revenues	75,387	72,598
Operating expenses:
Rental and other properties	139,181	431,614
Adviser's base fee	660,000	660,000
General and administrative	180,597	219,830
Professional fees and expenses	203,401	193,341
Directors' fees and expenses	82,144	81,494
Depreciation and Amortization expense	15,399	15,398
Interest expense	56,300	88,822
Total expenses	1,337,022	1,690,499
Loss before other income, income taxes and gain on sale of real estate	(1,261,635)	(1,617,901)
Net realized and unrealized gains (losses) from investments in marketable securities	278,223	(403,432)
Equity gain (loss) in residential real estate partnership	4,455	(136,889)
Income from other investments	806,074	387,671
Interest, dividend and other income	483,152	386,523
Total other income	1,571,904	233,873
Income (loss) before income taxes and gain on sale of real estate	310,269	(1,384,028)
(Provision for) benefit from income taxes	(29,326)	38,668
Income (loss) before gain on sale of real estate	280,943	(1,345,360)
Gain on sale of real estate, net of incentive fee	0	5,473,887
Net income	280,943	4,128,527
Gain from noncontrolling interest	(11,073)	(7,457)
Net income attributable to the Company	$ 269,870	$ 4,121,070
Weighted average common shares outstanding-basic and diluted:	1,013,292	1,011,839
Net income per common share:
Basic and diluted income per share	$ 0.27	$ 4.07

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, 2017	$ 19,859,966	$ 1,035,493	$ 24,076,991	$ 52,208,754	$ (57,120,991)	$ (340,281)
Balance (in shares) at Dec. 31, 2017		1,035,493				33,101
Net income	4,121,070			5,473,887	(1,352,817)
Dividend paid -$2.50 per share	(2,533,230)			(2,533,230)
Dividend payable - $.50 per share	(506,646)			(506,646)
Stock options exercised, net of 1,600 re-load shares	$ 91,895	$ 10,900	80,995
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	12,500	10,900
Retired 33,101 treasury shares	$ 0
Balance at Dec. 31, 2018	21,033,055	$ 1,046,393	24,157,986	54,642,765	(58,473,808)	$ (340,281)
Balance (in shares) at Dec. 31, 2018		1,046,393				33,101
Net income	269,870				269,870
Dividend payable - $.50 per share	$ (506,646)			(506,646)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	0					(33,101)
Retired 33,101 treasury shares	$ 340,281	$ (33,101)	(307,180)			$ 340,281
Retired 33,101 treasury shares (in shares)		(33,101)
Non-employee stock option compensation	8,880		8,880
Balance at Dec. 31, 2019	$ 20,805,159	$ 1,013,292	$ 23,859,686	$ 54,136,119	$ (58,203,938)	$ 0
Balance (in shares) at Dec. 31, 2019		1,013,292				0

CONSOLIDATED STATEMENTS OF CH_2

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Dividend Paid [Member]
Dividends Paid, Amount Per Share		$ 2.50
Dividends Payable, Amount Per Share	$ 50	$ 50
Common Stock Including Additional Paid in Capital [Member]
Stock Issued During Period, Shares, New Issues		1,600
Treasury Stock, Shares, Retired	33,101

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Income (Loss) Attributable to Parent	$ 269,870	$ 4,121,070
Adjustments to reconcile net income attributable to the Company to net cash used in operating activities:
Depreciation expense	15,399	15,398
Non-employee stock compensation expense	8,880	0
Income from other investments, excluding impairment losses	(806,074)	(387,671)
Equity (gain) loss from operations of residential real estate partnership	(4,455)	136,889
Gain on sale of real estate, net of incentive fee	0	(5,473,887)
Net (gains) losses from investments in marketable securities	(278,223)	403,432
Net gain attributable to noncontrolling interest	11,073	7,457
Deferred income tax expense (benefit)	29,597	(36,265)
Changes in assets and liabilities:
Other assets and other receivables	(10,509)	(119,479)
Accounts payable, accrued expenses and other liabilities	(33,758)	(188,771)
Total adjustments	(1,068,070)	(5,642,897)
Net cash used in operating activities	(798,200)	(1,521,827)
CASH FLOWS FROM INVESTING ACTIVITIES:
Net proceeds from sales and redemptions of securities	2,042,878	2,883,616
Investments in marketable securities	(1,862,458)	(1,513,021)
Distributions Payable to Real Estate Partnerships	6,187	7,625,000
Distributions from other investments	2,058,928	1,831,307
Contributions to investment in residential real estate partnership, Fort Myers	(3,423,143)	(200,000)
Contributions to other investments	(1,046,718)	(1,440,436)
Proceeds from collections of mortgage loans and notes receivables	0	500,000
Distribution from affiliate	220,899	193,286
Purchases and improvements of properties	(66,162)	(33,131)
Additions in mortgage loans and notes receivable	(700,000)	(750,000)
Net cash (used in) provided by investing activities	(2,769,589)	9,096,621
CASH FLOWS FROM FINANCING ACTIVITIES:
Margin borrowings	58,857	9,590,720
Dividends paid	(506,646)	(2,533,230)
Repayment of note payable to affiliate	(340,000)	(210,000)
Stock options exercised	0	91,895
Net cash (used in) provided by financing activities	(787,789)	6,939,385
Net (decrease) increase in cash and cash equivalents	(4,355,578)	14,514,179
Cash and cash equivalents at beginning of the year	19,738,174	5,223,995
Cash and cash equivalents at end of the year	15,382,596	19,738,174
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:
Cash paid during the year for interest	56,000	89,000
NONCASH INVESTING AND FINANCING ACTIVITIES:
Dividends declared but not paid during the year	506,646	506,646
Treasury stock retired during the year	$ 340,281	$ 0

DESCRIPTION OF BUSINESS AND SUM

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [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 All material transactions and balances with consolidated and unconsolidated entities have been eliminated in consolidation or as required under the equity method. The Company’s consolidated subsidiaries are described below: Courtland Investments, Inc. (“CII”). In March 2016, this 95% owned corporation of the Company amended its Certificate of Incorporation so that, as amended, the holders of Class A and Class B common stock of CII shall have and possess the exclusive right to notice of and to vote at any meeting of the stockholders and any adjournment thereof, and the exclusive right to express consent to corporate action in writing without a meeting. Class A and Class B shareholders of CII shall have equal voting rights. CII is the Company’s taxable REIT subsidiary which files a separate tax return. CII’s operations are not part of the REIT tax return. HMG Fort Myers, LLC (“HMGFM”). This wholly owned limited liability company was formed in August 2018 and in September 2018 HMGFM joined as a 25% owner of Murano At Three Oaks Associates, LLC (the “Borrower”), a newly formed Florida limited liability company. In July 2019, pursuant to the terms of a Construction and Mini Perm Loan Agreement ("Loan Agreement"), between the “Borrower”, and PNC Bank, National Association ("Lender"), Lender provided a construction loan to the Borrower for the principal sum of approximately $41.59 million (“Loan”). The proceeds of the Loan shall be used to finance the construction of multi-family residential apartments containing 318 units totaling approximately 312,000 net rentable square feet on a 17.5-acre site located in Fort Myers, Florida ("Project"). The Project site was purchased by the Borrower concurrently with the closing of the Loan. Total development costs for the Project are estimated at approximately $56.08 million and the Borrower’s equity totals approximately $14.49 million. HMG’s share of the equity is 25%, or approximately $3.62 million. 260 River Corp (“260”). This wholly owned corporation of the Company owns an approximate 70% interest in a vacant commercially zoned building located on 6.01 acres in Montpelier, Vermont. Development of this property is being considered after completing the environmental remediation of the land. 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”). This is a wholly owned Florida limited liability company which owns a 1.5% interest in an entity which owned and operated two residential real estate properties located in north east Atlanta, Georgia. In December 2019, one of the properties was sold and in January 2020 the other property was sold. Baleen Associates, Inc. (“Baleen”). This corporation is wholly owned by CII and its sole asset is a 50% interest in a partnership which operates an executive suite rental business in Coconut Grove, Florida. Preparation of Financial Statements Income Taxes 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, 2019 and 2018. The Company’s federal income tax returns since 2015 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 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, 2019 and 2018, 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 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, 2019, and 2018, there was no such margin balance outstanding. Treasury bills, from time to time, are pledged as collateral pursuant to broker margin requirements. As of December 31, 2019, and 2018, there was approximately $9.9 million in margin such margin balances outstanding. Notes and other receivables. Management periodically performs a review of amounts due on its notes and other receivable balances to determine if they are impaired based on factors affecting the collectability of those balances. Management’s estimates of collectability of these receivables requires management to exercise significant judgment about the timing, frequency and severity of collection losses, if any, and the underlying value of collateral, which may affect recoverability of such receivables. As of December 31, 2019, and 2018, the Company had no allowances for bad debt. Income (loss) per common share . Net income (loss) per common share (basic and diluted) is based on the net income (loss) divided by the weighted average number of common shares outstanding during each year. Diluted net loss per share includes the dilutive effect of options to acquire common stock. Common shares outstanding include issued shares less shares held in treasury. There were 9,600 and 1,600 stock options outstanding as of December 31, 2019 and 2018, respectively. The 2019 and 2018 options were not included in the diluted earnings per share computation as their effect would have been de minimums or anti-dilutive. Gain on sales of properties In February 2018, the Company, through its 33% owned partnership, sold its residential apartments located in Orlando, Florida for cash. The Company’s portion of the gain on sale of real estate for this property was approximately $5.5 million (or $5.40 per share), net of incentive fee. Cash and cash Equivalents Concentration of Credit Risk 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 2019 2018 Noncontrolling interest balance at beginning of year $ 240,000 $ 233,000 Noncontrolling partners’ interest in operating gains of CII 11,000 7,000 Noncontrolling interest balance at end of year $ 251,000 $ 240,000 Revenue recognition Impairment of long-lived assets 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. Effective accounting pronouncements . In June 2018, the FASB issued ASU 2018-07, “Compensation – Stock Compensation (Topic 718).” ASU 2018-07 simplifies the accounting for nonemployee stock-based payment transactions. This ASU is effective for public entities for interim and annual reporting periods beginning after December 15, 2018, and early application is permitted. The adoption of this guidance on January 1, 2019 did not have an impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases,” which created a new Topic, ASC Topic 842 and established the core principle that a lessee should recognize the assets, representing rights-of-use, and liabilities to make lease payments that arise from leases. For leases with a term of 12 months or less, a lessee is permitted to make an election under which such assets and liabilities would not be recognized, and lease expense would be recognized generally on a straight-line basis over the lease term. This ASU is effective for public entities for interim and annual reporting periods beginning after December 15, 2018, and early application is permitted. The adoption of this guidance on January 1, 2019 did not have an impact on the Company’s consolidated financial statements. New accounting pronouncements . In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework -Changes to the Disclosure Requirements for Fair Value Measurement The Company does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, will have a material effect on the Company’s consolidated financial position, results of operations and cash flows.

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment Disclosure [Text Block]	2. INVESTMENT PROPERTIES The components of the Company’s investment properties and the relat ed December 31, 2019 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,197 $ 372,061 $ 280,136 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (53 acres) 209,138 — 209,138 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (6.0 acres) 111,689 — 111,689 $ 1,350,024 $ 424,061 $ 925,963 December 31, 2018 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,197 $ 356,664 $ 295,533 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 142,976 — 142,976 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (6.0 acres) 111,689 — 111,689 $ 1,283,862 $ 408,664 $ 875,198 In July 2019, CII purchased approximately 3 acres of land contiguous to the 50 acres previously owned in Hopkinton, Rhode Island for approximately $44,000.

INVESTMENTS IN MARKETABLE SECUR

INVESTMENTS IN MARKETABLE SECURITIES	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Investments in Debt and Marketable Equity Securities	3. INVESTMENTS IN MARKETABLE SECURITIES Investments in marketable securities consist primarily of large capital corporate equity and debt securities in varying industries or issued by government agencies with readily determinable fair values. These securities are stated at market value, as determined by the most recent traded price of each security at the balance sheet date. All unrealized gains (losses) on this portfolio are recorded in income. Included in investments in marketable securities is approximately $1.86 million and $1.76 million of large capital real estate investment trusts (REITs) as of December 31, 2019 and 2018, respectively. For the years ended December 31, 2019 and 2018, net unrealized gains (losses) on marketable securities were approximately $236,000 and ($454,000), respectively. December 31, 2019 December 31, 2018 Description Cost Fair Unrealized (loss) Cost Fair Unrealized (loss) Real Estate Investment Trusts $ 1,800,000 $ 1,860,000 $ 60,000 $ 1,888,000 $ 1,760,000 $ (128,000) Mutual Funds, ETF & other 221,000 257,000 36,000 210,000 206,000 (4,000 ) Other Equity Securities 885,000 883,000 (2,000 ) 606,000 608,000 2,000 Total Equity Securities 2,906,000 3,000,000 94,000 2,704,000 2,574,000 (130,000 ) Debt Securities 477,000 474,000 (3,000 ) 517,000 502,000 (15,000 ) Total $ 3,383,000 $ 3,474,000 $ 91,000 $ 3,221,000 $ 3,076,000 $ (145,000 ) As of December 31, 2019, debt securities are scheduled to mature as follows: Cost Fair Value 2020 – 2024 $ 122,000 $ 125,000 2025 – 2029 113,000 108,000 2030 – thereafter 242,000 241,000 $ 477,000 $ 474,000 Net gain (loss) from investments in marketable securities for the years ended December 31, 2019 and 2018 is summarized below: Description 2019 2018 Net realized gains from sales of marketable securities $ 42,000 $ 51,000 Net unrealized gains (losses) from marketable securities 236,000 (454,000 ) Total net gains (losses) from investments in marketable securities $ 278,000 $ (403,000 ) Net realized gain from sales of marketable securities consisted of approximately $108,000 of gains net of $66,000 of losses for the year ended December 31, 2019. The comparable amounts in fiscal year 2018 were approximately $240,000 of gains net of $189,000 of losses. 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, 2019
Investments, All Other Investments [Abstract]
Investments and Other Noncurrent Assets	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 5% 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 l o The Company’s portfolio of other investments consists of approximately 47 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, 2019, and 2018, other investments had an aggregate carrying value of $5.6 million and $6.0 million, respectively. As of December 31, 2019, the Company has committed to fund an additional $792,000 million as required by agreements with current investees or for new investments. The carrying value of these investments is equal to contributions less distributions and other than temporary impairment loss adjustments. During the years ended December 31, 2019 and 2018 the Company made cash contributions in these investments of approximately $1.0 million and $1.4 million, respectively, and received cash distributions of $2.1 million and $1.8 million, respectively. The Company’s other investments are summarized below. Carrying values as of December 31, Investment Focus 2019 2018 Technology and communications $ 130,000 $ 150,000 Diversified businesses 2,043,000 2,372,000 Real estate and related 3,378,000 3,182,000 Other (private bank and insurance company) 35,000 335,000 Totals $ 5,586,000 $ 6,039,000 Income from other investments is summarized below (excluding other than temporary impairment loss): 2019 2018 Income from investment in 49% owned affiliate (a) $ 25,000 $ 74,000 Real estate and related (b) 668,000 217,000 Diversified businesses (c) 113,000 63,000 Other (private bank) (d) - 34,000 Total income from other investments $ 806,000 $ 388,000 (a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). In 2019 and 2018 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $221,000 and $193,000, respectively. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments. The decrease in income from TGIF for 2019 versus 2018 is attributable to less gains from other investments in 2019. (b) The gain from real estate and related investments in 2019 includes $429,000 from a partnership which sold its sole asset, a multifamily residential property located in Austin, Texas, in September 2019. In December 2019, an investment in a partnership owning rental apartments in Atlanta, Georgia was sold at a gain , and ’s portion that gain was (c) The gain from investments in diversified businesses include $66,000 from our redemption of a stock fund in August 2019. Other gains in 2019 include cash distributions from investments which distributed proceeds above our carrying value. The gains in 2018 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. (d) In the first quarter of 2019 the Company’s $300,000 investments in a private insurance company publicly registered all shares and began trading on the NASDAQ on March 29, 2019. Accordingly, we have transferred this investment to marketable securities. As of December 31, 2019, this investment had an unrealized loss of approximately $111,000. In the first quarter of 2018 the Company’s investments in two private banks experienced mergers with publicly traded larger banks and we received stock in those publicly traded banks plus approximately $34,000 in cash. The cash portion was recorded as gain from other investments. The bank securities we received from the mergers were mostly sold during 2018 at a total gain of approximately $136,000 which is included in gains from sales of marketable securities Other than temporary impairment losses from other investments 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. For the year ended December 31, 2019 and 2018, there were no valuation losses from other than temporary impairment losses from other investments. Net gain or loss from other investments may fluctuate significantly from period to period in the future and could have a significant impact on the Company’s net earnings. However, the amount of investment gain or loss from other investments for any given period has no predictive value and variations in amount from period to period have no practical analytical value. The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2019 and 2018, aggregated by investment category and the length of time that investments have been in a continuous loss position: As of December 31, 2019 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Partnerships owning investments in real estate and related $ 169,000 $ (52,000 ) $ - $ - $ 169,000 $ (52,000 ) Partnerships owning investments in diversified businesses 363,000 (57,000 ) 188,000 (45,000 ) 551,000 (102,000 ) Total $ 532,000 $ (109,000 ) $ 188,000 $ (45,000 ) $ 720,000 $ (154,000 ) As of December 31, 2018 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Partnerships owning investments in technology related industries $ - $ - $ 132,000 $ (18,000 ) $ 132,000 $ (18,000 ) Partnerships owning investments in diversified businesses 273,000 (27,000 ) - - 273,000 (27,000 ) Total $ 273,000 $ (27,000 ) $ 132,000 $ (18,000 ) $ 405,000 $ (45,000 )

FAIR VALUE INSTRUMENTS

FAIR VALUE INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018, using quoted prices in active markets for identical assets (Level 1) and significant other observable inputs (Level 2). For the year ended December 31, 2019 and 2018, 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 ‎ December 31, ‎2019 Quoted Prices in Active ‎ Markets for Identical Assets ‎(Level 1) Significant Other ‎ Observable Inputs ‎(Level 2) Significant ‎ Unobservable Inputs ‎(Level 3) Assets: Cash equivalents: Money market mutual funds $ 606,000 $ 606,000 $ — — US T-bills 14,130,000 14,130,000 — — Marketable securities: Corporate debt securities 474,000 — 474,000 — Marketable equity securities 2,999,000 2,999,000 — — Total assets $ 18,209,000 $ 17,735,000 $ 474,000 $ — Fair value measurement at reporting date using Description Total ‎ December 31, ‎2018 Quoted Prices in Active ‎ Markets for Identical Assets ‎(Level 1) Significant Other ‎ Observable Inputs ‎(Level 2) Significant ‎ Unobservable Inputs ‎(Level 3) Assets: Cash equivalents: Time deposits $ 355,000 $ - $ 355,000 $ — Money market mutual funds 1,594,000 1,594,000 — — US T-bills 17,429,000 17,429,000 — Marketable securities: Corporate debt securities 502,000 — 502,000 — Marketable equity securities 2,574,000 2,574,000 — — Total assets $ 22,454,000 $ 21,597,000 $ 857,000 $ — 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, 2019
Investments In Affiliates [Abstract]
Investments In Affiliates Disclosure [Text Block]	6. INVESTMENT IN AFFILIATE Investment in affiliate consists of CII’s 49% equity interest in T.G. I.F. Texas, Inc. (“TGIF”). TGIF is a corporation which holds promissory notes receivable from its shareholders, including CII and Maurice Wiener, the Chairman of both the Company and TGIF Reference is made to Note 9 for discussion on notes payable by CII to TGIF This investment is recorded under the equity method of accounting. For the years ended December 31, 2019 and 2018, income from investment in affiliate amounted to approximately $25,000 and $74,000, respectively and is included in income from other investments in HMG’s consolidated statements of income. In 2019 and 2018 TGIF declared and paid cash dividends of $.08 and $.07 per share, respectively. CII’s dividend amount received in 2019 and 2018 was approximately $221,000 and $193,000, respectively. This dividend is recorded as a reduction in the carrying amount of CII investment in T.G.I.F. as required under the equity method of accounting.

LOANS, NOTES AND OTHER RECEIVAB

LOANS, NOTES AND OTHER RECEIVABLES	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]	7. LOANS, NOTES AND OTHER RECEIVABLES As of December 31, Description 2019 2018 Promissory note and accrued interest due from purchaser of Grove Isle (a) $ 1,034,000 $ 1,034,000 Promissory note and accrued interest collateralized by 2 nd 503,000 503,000 Promissory note and accrued interest due from individual (c) 273,000 252,000 Promissory note and accrued interest due from entity constructing mixed use apartments (d) 502,000 - Other (e) 208,000 8,000 Total loans, notes and other receivables $ 2,520,000 $ 1,797,000 (a) In February 2013, the Company sold its interest in a hotel, resort and marina property known as Grove Isle and received a $1 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. (b) In December 2018, the Company loaned $500,000 to an entity controlled by a local real estate developer. The loan is collateralized by a second mortgage on raw land located in Lauderhill, Florida. The promissory note bears interest at 8.5% per annum and calls for interest only payments due on a quarterly basis beginning March 4, 2019 and continuing through maturity date of June 4, 2020 when all principal and unpaid interest becomes due. All interest due on this loan has been collected. (c) In December 2018, the Company (through CII) loaned $250,000 to the same local real estate developer mentioned in (b) above. This loan bears interest of 8.5% per annum and all principal and accrued interest is due at maturity on June 4, 2020. The loan is secured by an assignment of membership interest in a partnership owning rental apartments in Jacksonville, Florida. Such membership interest is valued at approximately $500,000. (d) In December 2019, the Company loaned $500,000 to an entity controlled by the same local real estate developer mentioned in (b) and (c) for funding the completion of a 247 mixed use rental apartment project located in Hollywood, Florida. Construction of the project was 75% complete as of the end of 2019. The promissory note bears interest at 10.0% per annum. The entire principal amount of this loan is due and payable in full, together with all accrued but unpaid interest thereon on September 30, 2020. The loan is secured by an assignment of membership interest in a partnership developing rental apartments in Lauderhill, Florida. Such membership interest is valued at approximately $465,000. (e) In October 2019, the Company entered into a loan participation agreement for $200,000 earning 10% interest payable monthly and maturing June 30, 2022. In January 2020, the loan was repaid, and we received our principal and all interest due under the loan participation.

INVESTMENT IN RESIDENTIAL REAL

INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIPS	12 Months Ended
	Dec. 31, 2019
Investment In Real Estate Partnership [Abstract]
Investment In Real Estate Partnerships	8. INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIPS As previously reported on Form 8-K dated July 19, 2019, pursuant to the terms of a Construction and Mini Perm Loan Agreement ("Loan Agreement"), between Murano At Three Oaks Associates LLC, a Florida limited liability company formed in September 2018 (the “Borrower”) which is 25% owned by HMG, and PNC Bank, National Association ("Lender"), Lender provided a construction loan to the Borrower for the principal sum of approximately $41.59 million (“Loan”). The proceeds of the Loan shall be used to finance the construction of multi-family residential apartments containing 318 units totaling approximately 312,000 net rentable square feet on a 17.5-acre site located in Fort Myers, Florida ("Project"). The Project site was purchased by the Borrower concurrently with the closing of the Loan. Total development costs for the Project are estimated at approximately $56.08 million and the Borrower’s equity totals approximately $14.49 million. HMG’s share of the equity is 25%, or approximately $3.62 million. As of December 31, 2019, there was no outstanding balance on the Loan. In 2020, there have been two draws on the Loan totaling approximately $2.7 million. The project is on budget and as a percentage of the total budget the amount completed is approximately 31%. HMG and the other members (or affiliates thereof) of the Borrower ("Guarantors") entered into a Completion Guaranty ("Completion Guaranty") and a Guaranty and Suretyship Agreement ("Repayment Guaranty") (collectively, the “Guaranties”). Under the Completion Guaranty, each Guarantor shall unconditionally guaranty, as a primary obligor, and become surety for the prompt payment and performance by Borrower of the “Guaranteed Obligations” (as defined). Under the Repayment Guaranty, Guarantor unconditionally guarantees, as a primary obligor, and becomes surety for the prompt payment and performance of, as defined (i) all Interest Obligations, (ii) all Loan Document Obligations, (iii) all Expense Obligations, (iv) the Carrying Cost Obligations, (v) the Principal Amount, (vi) interest on each of the foregoing including, if applicable, interest at the Default Rate (as defined). At all times prior to the First Reduction Date (as defined below), the Guarantors are collectively responsible for 30% of the Principal Obligations, (ii) at all times after the First Reduction Date, the Guarantors are collectively responsible for15% of the Principal Obligations, and (iii) at all times after the Second Reduction Date, 0% of the Principal Obligations. First Reduction Conditions" means satisfaction of the following conditions: (i) no Event of Default has occurred and is continuing; (ii) Completion of Construction has occurred; and (iii) the Project has achieved a DSCR of not less than 1.25 to 1.00 for two (2) consecutive fiscal quarters. Each Guarantor is required to maintain compliance with the following financial covenants, as defined: (1) liquidity shall not be less than $2.5 million. Liquidity is defined as the sum of unencumbered, unrestricted cash and cash equivalents and marketable securities, and (2) net worth shall not be less than $10 million. As of December 31, 2019, HMG was in compliance with all covenants required by Guarantors in the Loan Agreement. This investment is accounted for under the equity method. As previously reported on Form 8-K dated February 20, 2018, JY-TV Associates, LLC, a Florida limited liability company (“JY-TV”) (“Seller”) 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, an unrelated entity (“Purchaser”). The final sales price was $50,150,000 and the sales proceeds were received in cash and payment of outstanding debt. The gain on the sale to HMG was approximately $5.5 million, net of the incentive fee. For the year ended December 31, 2018 JY-TV reported net income of approximately $17.8 million, which includes approximately $18.2 million in gain on sale of property, depreciation and amortization expense of $447,000, interest expense of $159,000, write-off of certain prepaid and other assets upon the sale of property of approximately $100,000 and other net operating revenues. The Company’s portion of JY-TV’s net income is approximately $5.9 million ($137,000 of loss from operations and $6.1 million in gain on sale of property (before the $608,000 incentive fee). JY-TV made distributions totaling $21.75 million in February 2018. The Company’s portion of those distributions was $7.25 million. In June and December 2018 JY-TV made additional distributions of $1,125,000, of which the Company’s portion was $375,000. Final accounting has been completed and a final distribution from JY-TV of approximately $6,000 was received in 2019.

NOTES AND ADVANCES DUE FROM AND

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES	12 Months Ended
	Dec. 31, 2019
Loans and Leases Receivable, Related Parties Disclosure [Abstract]
Notes And Advances Due From And Transactions With Releated Parties	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. On July 25, 2019, the shareholders of the Company approved the renewal of the Advisory Agreement between the Company and the Adviser for a term commencing January 1, 2020 and expiring December 31, 2020. For the years ended December 31, 2019 and 2018, the Company and its subsidiaries incurred Adviser fees of approximately $741,000 and $1,300,000, respectively. This consisted of $660,000 in regular compensation for 2019 and 2018, and $81,000 and $640,000 in incentive fee compensation for 2019 and 2018, respectively. The Adviser leases its executive offices from CII pursuant to a lease agreement. This lease agreement calls for base rent of $61,261 per year payable in equal monthly installments. Additionally, the Adviser is responsible for all utilities, certain maintenance, and security expenses relating to the leased premises. In December 2019, the lease was renewed for one year with one one-year extension options remaining and with an increase in rent of 5% per year. Mr. Wiener is a 19% shareholder and the chairman and director of T.G.I.F. Texas, Inc., a 49% owned affiliate of CII. As of December 31, 2019, and 2018, T.G.I.F. had amounts due from CII in the amount of approximately $1,000,000 and $1,340,000, respectively. These amounts are due on demand and bear interest at the prime rate (4.75 % at December 31, 2019). All interest due has been paid. As of December 31, 2019, and 2018, T.G.I.F. owns 10,200 shares of the Company’s common stock. As of December 31, 2019, and 2018, T.G.I.F. had amounts due from Mr. Wiener in the amount of approximately $707,000. These amounts bear interest at the prime rate (4.75% at December 31, 2019) and principal and interest are due on demand. All interest due has been paid. Mr. Wiener received consulting and director’s fees from T.G.I.F totaling approximately $23,000 and $35,000 for the years ended December 31, 2019 and 2018, respectively.

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure	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. On December 13, 2019 the Company declared a dividend of $0.50 per share which was payable on January 13, 2020 to all shareholders of record as of December 30, 2019. The dividend was 72% capital gain and 22% return of capital. On December 14, 2018 the Company declared a capital gain dividend of $0.50 per share which was payable on January 9, 2019 to all shareholders of record as of December 28, 2018. On March 7, 2018 the Company declared a capital gain dividend of $2.50 per share which is payable on March 30, 2018 to all shareholders of record as of March 21, 2018. There were no dividends declared for the year ended December 31, 2017. As of December 31, 2018, the Company, excluding CII (its taxable REIT subsidiary), had an estimated tax net operating loss carryover (NOL) of approximately $447,000 which was carried forward to 2019. 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 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, 2019, and 2018, the Company has a net deferred tax liability of approximately $77,000 and $48,000, respectively, as a result of timing differences associated with the carrying value of the investment in affiliate (TGIF) and other investments. CII’s NOL carryover to 2019 is estimated at $949,000 and is fully reserved due to due to CII historically having tax losses. 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, 2019 and 2018 were as follows: 2019 2018 Income before income taxes $ 310,000 $ 4,091,000 Computed tax at federal statutory rate of (21%) $ 65,000 $ 859,000 State taxes 1,000 (9,000 ) REIT related adjustments (31,000 ) (847,000 ) Adjustment to valuation allowance 13,000 (21,000 ) Other items, net (19,000 ) (21,000 ) Provision for (benefit from) income taxes $ 29,000 $ (39,000 ) The REIT related adjustments represent the difference between estimated taxes on undistributed income and/or capital gains and book taxes computed on the REIT’s income before income taxes, including tax on prohibited REIT income. The provision for (benefit from) income taxes in the consolidated statements of income c o Year ended December 31, 2019 2018 Current: Federal - - State $ - $ (2,000 ) - (2,000 ) Deferred: Federal $ 15,000 $ (10,000 ) State 1,000 (6,000 ) 16,000 (16,000 ) Change in valuation allowance 13,000 (21,000 ) Total $ 29,000 $ (39,000 ) As of December 31, 2019, and 2018, the components of the deferred tax assets and liabilities are as follows: As of December 31, 2019 ‎Deferred tax As of December 31, 2018 ‎Deferred tax Assets Liabilities Assets Liabilities Net operating loss carry forward $ 215,000 $ 202,000 Excess of book basis of 49% owned corporation over tax basis $ 272,000 $ 281,000 Unrealized gain on marketable securities - 8,000 5,000 - Excess of tax basis over book basis of other investments and other 203,000 - 228,000 - Valuation allowance (215,000 ) (202,000 ) Totals $ 203,000 $ 280,000 $ 233,000 $ 281,000

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2019
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 shares of the Company’s common stock to the officers and directors of the Company. The Plan expires on August 24, 2021. The Company’s policy is to record stock compensation expense in accordance with ASC Topic 718, “Share-Based Payments”. Stock based compensation expense is recognized using the fair-value method for all awards. On July 25, 2019 the Company granted options to purchase 8,000 shares of the Company’s common stock to three directors and one officer. The exercise price of the options is equal to $13.20 per share, the market price of the stock on the date of grant and the options expires on June 29, 2021. The Company determined the fair value of its option awards using the Black-Scholes option pricing model. The following assumptions were used to value the options granted during the nine months ended September 30, 2019: 2 year expected life; expected volatility of approximately 19.5%; risk-free of 1.93% and annual dividend yield of 4%. The expected life for options granted during the period represents the period of time that options are to be outstanding based on the expiration date of the Plan. Expected volatilities are based upon historical volatility of the Company’s stock over a period equal to the 2-year expected life. In January and March 2018 three directors and one officer exercised options to purchase a total of 10,900 shares at $9.31 per share. One director exercised his options utilizing the re-load option provided in the Plan and was granted 1,600 new options exercisable at $15.30 per share. As of December 31, 2019, and 2018, there is no unrecognized non-employee stock compensation expense related to unvested stock options under the Plan. A summary of the status of the Company’s stock option plan as of December 31, 2019 and 2018, and changes during the periods ending on those dates are presented below: As of December 31, 2019 As of December 31, 2018 Shares Weighted ‎ Average Exercise ‎Price Shares Weighted ‎ Average Exercise ‎Price Outstanding at the beginning of the period 1,600 $ 15.30 12,500 $ 9.31 Granted 8,000 13.20 1,600 15.30 Exercised - - (12,500 ) (9.31 ) Expired - - - - Forfeited - - - - Outstanding at the end of the period 9,600 $ 13.55 1,600 $ 15.30 Options exercisable at period-end 9,600 $ 13.55 1,600 $ 15.30 Weighted average fair value of options granted during the period - - - - Aggregate intrinsic value of outstanding and exercisable options at the end of the period 9,600 $ 13.55 1,600 $ - The following table summarizes outstanding and exercisable options as of December 31, 2019: Number Outstanding ‎and exercisable Weighted Average ‎Strike Prices 9,600 $ 13.55

SUBSEQUENT EVENT

SUBSEQUENT EVENT	12 Months Ended
	Dec. 31, 2019
Subsequent Events [Abstract]
Subsequent Events	12. SUBSEQUENT EVENT The Company has evaluated subsequent events through March 18

DESCRIPTION OF BUSINESS AND S_2

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2019
Accounting Policies [Abstract]
Consolidation, Policy [Policy Text Block]	Business and Consolidation All material transactions and balances with consolidated and unconsolidated entities have been eliminated in consolidation or as required under the equity method. The Company’s consolidated subsidiaries are described below: Courtland Investments, Inc. (“CII”). In March 2016, this 95% owned corporation of the Company amended its Certificate of Incorporation so that, as amended, the holders of Class A and Class B common stock of CII shall have and possess the exclusive right to notice of and to vote at any meeting of the stockholders and any adjournment thereof, and the exclusive right to express consent to corporate action in writing without a meeting. Class A and Class B shareholders of CII shall have equal voting rights. CII is the Company’s taxable REIT subsidiary which files a separate tax return. CII’s operations are not part of the REIT tax return. HMG Fort Myers, LLC (“HMGFM”). This wholly owned limited liability company was formed in August 2018 and in September 2018 HMGFM joined as a 25% owner of Murano At Three Oaks Associates, LLC (the “Borrower”), a newly formed Florida limited liability company. In July 2019, pursuant to the terms of a Construction and Mini Perm Loan Agreement ("Loan Agreement"), between the “Borrower”, and PNC Bank, National Association ("Lender"), Lender provided a construction loan to the Borrower for the principal sum of approximately $41.59 million (“Loan”). The proceeds of the Loan shall be used to finance the construction of multi-family residential apartments containing 318 units totaling approximately 312,000 net rentable square feet on a 17.5-acre site located in Fort Myers, Florida ("Project"). The Project site was purchased by the Borrower concurrently with the closing of the Loan. Total development costs for the Project are estimated at approximately $56.08 million and the Borrower’s equity totals approximately $14.49 million. HMG’s share of the equity is 25%, or approximately $3.62 million. 260 River Corp (“260”). This wholly owned corporation of the Company owns an approximate 70% interest in a vacant commercially zoned building located on 6.01 acres in Montpelier, Vermont. Development of this property is being considered after completing the environmental remediation of the land. 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”). This is a wholly owned Florida limited liability company which owns a 1.5% interest in an entity which owned and operated two residential real estate properties located in north east Atlanta, Georgia. In December 2019, one of the properties was sold and in January 2020 the other property was sold. Baleen Associates, Inc. (“Baleen”). This corporation is wholly owned by CII and its sole asset is a 50% interest in a partnership which operates an executive suite rental business in Coconut Grove, Florida.
Use of Estimates, Policy [Policy Text Block]	Preparation of Financial Statements
Income Tax, Policy [Policy Text Block]	Income Taxes 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, 2019 and 2018. The Company’s federal income tax returns since 2015 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
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, 2019 and 2018, 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 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, 2019, and 2018, there was no such margin balance outstanding. Treasury bills, from time to time, are pledged as collateral pursuant to broker margin requirements. As of December 31, 2019, and 2018, there was approximately $9.9 million in margin 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, 2019, and 2018, the Company had no allowances for bad debt.
Equity Method Investments [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 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
Earnings Per Share, Policy [Policy Text Block]	Income (loss) per common share . Net income (loss) per common share (basic and diluted) is based on the net income (loss) divided by the weighted average number of common shares outstanding during each year. Diluted net loss per share includes the dilutive effect of options to acquire common stock. Common shares outstanding include issued shares less shares held in treasury. There were 9,600 and 1,600 stock options outstanding as of December 31, 2019 and 2018, respectively. The 2019 and 2018 options were not included in the diluted earnings per share computation as their effect would have been de minimums or anti-dilutive.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Gain on sales of properties In February 2018, the Company, through its 33% owned partnership, sold its residential apartments located in Orlando, Florida for cash. The Company’s portion of the gain on sale of real estate for this property was approximately $5.5 million (or $5.40 per share), net of incentive fee.
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash and cash Equivalents
Concentration Risk Credit Risk Reinsurance [Policy Text Block]	Concentration of Credit Risk
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 2019 2018 Noncontrolling interest balance at beginning of year $ 240,000 $ 233,000 Noncontrolling partners’ interest in operating gains of CII 11,000 7,000 Noncontrolling interest balance at end of year $ 251,000 $ 240,000
Revenue Recognition, Policy [Policy Text Block]	Revenue recognition
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of long-lived assets
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]	Effective accounting pronouncements . In June 2018, the FASB issued ASU 2018-07, “Compensation – Stock Compensation (Topic 718).” ASU 2018-07 simplifies the accounting for nonemployee stock-based payment transactions. This ASU is effective for public entities for interim and annual reporting periods beginning after December 15, 2018, and early application is permitted. The adoption of this guidance on January 1, 2019 did not have an impact on the Company’s consolidated financial statements. In February 2016, the FASB issued ASU 2016-02, “Leases,” which created a new Topic, ASC Topic 842 and established the core principle that a lessee should recognize the assets, representing rights-of-use, and liabilities to make lease payments that arise from leases. For leases with a term of 12 months or less, a lessee is permitted to make an election under which such assets and liabilities would not be recognized, and lease expense would be recognized generally on a straight-line basis over the lease term. This ASU is effective for public entities for interim and annual reporting periods beginning after December 15, 2018, and early application is permitted. The adoption of this guidance on January 1, 2019 did not have an impact on the Company’s consolidated financial statements. New accounting pronouncements . In June 2016, the FASB issued ASU No. 2016-13, Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses of Financial Instruments In August 2018, the FASB issued ASU No. 2018-13, Fair Value Measurement (Topic 820): Disclosure Framework -Changes to the Disclosure Requirements for Fair Value Measurement The Company does not believe that any recently issued, but not yet effective accounting standards, if currently adopted, will have a material effect on the Company’s consolidated financial position, results of operations and cash flows.

DESCRIPTION OF BUSINESS AND S_3

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018 is as follows: 2019 2018 Noncontrolling interest balance at beginning of year $ 240,000 $ 233,000 Noncontrolling partners’ interest in operating gains of CII 11,000 7,000 Noncontrolling interest balance at end of year $ 251,000 $ 240,000

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2019
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment [Table Text Block]	The components of the Company’s investment properties and the relat ed December 31, 2019 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,197 $ 372,061 $ 280,136 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (53 acres) 209,138 — 209,138 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (6.0 acres) 111,689 — 111,689 $ 1,350,024 $ 424,061 $ 925,963 December 31, 2018 Accumulated Cost Depreciation Net Office building and other commercial property: Corporate Office - (Coconut Grove, FL) – Building $ 652,197 $ 356,664 $ 295,533 Corporate Office – (Coconut Grove, FL) – Land 325,000 — 325,000 Other (Hopkinton, RI) – Land (50 acres) 142,976 — 142,976 Other (Montpelier, Vermont) – Building 52,000 52,000 — Other (Montpelier, Vermont) - Land and improvements (6.0 acres) 111,689 — 111,689 $ 1,283,862 $ 408,664 $ 875,198

INVESTMENTS IN MARKETABLE SEC_2

INVESTMENTS IN MARKETABLE SECURITIES (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, Debt and Equity Securities [Abstract]
Marketable Securities	For the years ended December 31, 2019 and 2018, net unrealized gains (losses) on marketable securities were approximately $236,000 and ($454,000), respectively. December 31, 2019 December 31, 2018 Description Cost Fair Unrealized (loss) Cost Fair Unrealized (loss) Real Estate Investment Trusts $ 1,800,000 $ 1,860,000 $ 60,000 $ 1,888,000 $ 1,760,000 $ (128,000) Mutual Funds, ETF & other 221,000 257,000 36,000 210,000 206,000 (4,000 ) Other Equity Securities 885,000 883,000 (2,000 ) 606,000 608,000 2,000 Total Equity Securities 2,906,000 3,000,000 94,000 2,704,000 2,574,000 (130,000 ) Debt Securities 477,000 474,000 (3,000 ) 517,000 502,000 (15,000 ) Total $ 3,383,000 $ 3,474,000 $ 91,000 $ 3,221,000 $ 3,076,000 $ (145,000 )
Debt Securities, Held-to-maturity	As of December 31, 2019, debt securities are scheduled to mature as follows: Cost Fair Value 2020 – 2024 $ 122,000 $ 125,000 2025 – 2029 113,000 108,000 2030 – thereafter 242,000 241,000 $ 477,000 $ 474,000
Gain (Loss) on Investments	Net gain (loss) from investments in marketable securities for the years ended December 31, 2019 and 2018 is summarized below: Description 2019 2018 Net realized gains from sales of marketable securities $ 42,000 $ 51,000 Net unrealized gains (losses) from marketable securities 236,000 (454,000 ) Total net gains (losses) from investments in marketable securities $ 278,000 $ (403,000 )

OTHER INVESTMENTS (Tables)

OTHER INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Investments, All Other Investments [Abstract]
Investment Holdings, Schedule of Investments	The Company’s other investments are summarized below. Carrying values as of December 31, Investment Focus 2019 2018 Technology and communications $ 130,000 $ 150,000 Diversified businesses 2,043,000 2,372,000 Real estate and related 3,378,000 3,182,000 Other (private bank and insurance company) 35,000 335,000 Totals $ 5,586,000 $ 6,039,000
Investment Income	Income from other investments is summarized below (excluding other than temporary impairment loss): 2019 2018 Income from investment in 49% owned affiliate (a) $ 25,000 $ 74,000 Real estate and related (b) 668,000 217,000 Diversified businesses (c) 113,000 63,000 Other (private bank) (d) - 34,000 Total income from other investments $ 806,000 $ 388,000 (a) This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). In 2019 and 2018 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $221,000 and $193,000, respectively. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments. The decrease in income from TGIF for 2019 versus 2018 is attributable to less gains from other investments in 2019. (b) The gain from real estate and related investments in 2019 includes $429,000 from a partnership which sold its sole asset, a multifamily residential property located in Austin, Texas, in September 2019. In December 2019, an investment in a partnership owning rental apartments in Atlanta, Georgia was sold at a gain , and ’s portion that gain was (c) The gain from investments in diversified businesses include $66,000 from our redemption of a stock fund in August 2019. Other gains in 2019 include cash distributions from investments which distributed proceeds above our carrying value. The gains in 2018 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. (d) In the first quarter of 2019 the Company’s $300,000 investments in a private insurance company publicly registered all shares and began trading on the NASDAQ on March 29, 2019. Accordingly, we have transferred this investment to marketable securities. As of December 31, 2019, this investment had an unrealized loss of approximately $111,000. In the first quarter of 2018 the Company’s investments in two private banks experienced mergers with publicly traded larger banks and we received stock in those publicly traded banks plus approximately $34,000 in cash. The cash portion was recorded as gain from other investments. The bank securities we received from the mergers were mostly sold during 2018 at a total gain of approximately $136,000 which is included in gains from sales of marketable securities
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value	The following tables present gross unrealized losses and fair values for those investments that were in an unrealized loss position as of December 31, 2019 and 2018, aggregated by investment category and the length of time that investments have been in a continuous loss position: As of December 31, 2019 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Partnerships owning investments in real estate and related $ 169,000 $ (52,000 ) $ - $ - $ 169,000 $ (52,000 ) Partnerships owning investments in diversified businesses 363,000 (57,000 ) 188,000 (45,000 ) 551,000 (102,000 ) Total $ 532,000 $ (109,000 ) $ 188,000 $ (45,000 ) $ 720,000 $ (154,000 ) As of December 31, 2018 12 Months or Less Greater than 12 Months Total Investment Description Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Fair Value Unrealized ‎Loss Partnerships owning investments in technology related industries $ - $ - $ 132,000 $ (18,000 ) $ 132,000 $ (18,000 ) Partnerships owning investments in diversified businesses 273,000 (27,000 ) - - 273,000 (27,000 ) Total $ 273,000 $ (27,000 ) $ 132,000 $ (18,000 ) $ 405,000 $ (45,000 )

FAIR VALUE INSTRUMENTS (Tables)

FAIR VALUE INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
Fair Value Disclosures [Abstract]
Fair Value, by Balance Sheet Grouping [Table Text Block]	For the year ended December 31, 2019 and 2018, 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 ‎ December 31, ‎2019 Quoted Prices in Active ‎ Markets for Identical Assets ‎(Level 1) Significant Other ‎ Observable Inputs ‎(Level 2) Significant ‎ Unobservable Inputs ‎(Level 3) Assets: Cash equivalents: Money market mutual funds $ 606,000 $ 606,000 $ — — US T-bills 14,130,000 14,130,000 — — Marketable securities: Corporate debt securities 474,000 — 474,000 — Marketable equity securities 2,999,000 2,999,000 — — Total assets $ 18,209,000 $ 17,735,000 $ 474,000 $ — Fair value measurement at reporting date using Description Total ‎ December 31, ‎2018 Quoted Prices in Active ‎ Markets for Identical Assets ‎(Level 1) Significant Other ‎ Observable Inputs ‎(Level 2) Significant ‎ Unobservable Inputs ‎(Level 3) Assets: Cash equivalents: Time deposits $ 355,000 $ - $ 355,000 $ — Money market mutual funds 1,594,000 1,594,000 — — US T-bills 17,429,000 17,429,000 — Marketable securities: Corporate debt securities 502,000 — 502,000 — Marketable equity securities 2,574,000 2,574,000 — — Total assets $ 22,454,000 $ 21,597,000 $ 857,000 $ —

LOANS, NOTES AND OTHER RECEIV_2

LOANS, NOTES AND OTHER RECEIVABLES (Tables)	12 Months Ended
	Dec. 31, 2019
Receivables [Abstract]
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]	As of December 31, Description 2019 2018 Promissory note and accrued interest due from purchaser of Grove Isle (a) $ 1,034,000 $ 1,034,000 Promissory note and accrued interest collateralized by 2 nd 503,000 503,000 Promissory note and accrued interest due from individual (c) 273,000 252,000 Promissory note and accrued interest due from entity constructing mixed use apartments (d) 502,000 - Other (e) 208,000 8,000 Total loans, notes and other receivables $ 2,520,000 $ 1,797,000 (a) In February 2013, the Company sold its interest in a hotel, resort and marina property known as Grove Isle and received a $1 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. (b) In December 2018, the Company loaned $500,000 to an entity controlled by a local real estate developer. The loan is collateralized by a second mortgage on raw land located in Lauderhill, Florida. The promissory note bears interest at 8.5% per annum and calls for interest only payments due on a quarterly basis beginning March 4, 2019 and continuing through maturity date of June 4, 2020 when all principal and unpaid interest becomes due. All interest due on this loan has been collected. (c) In December 2018, the Company (through CII) loaned $250,000 to the same local real estate developer mentioned in (b) above. This loan bears interest of 8.5% per annum and all principal and accrued interest is due at maturity on June 4, 2020. The loan is secured by an assignment of membership interest in a partnership owning rental apartments in Jacksonville, Florida. Such membership interest is valued at approximately $500,000. (d) In December 2019, the Company loaned $500,000 to an entity controlled by the same local real estate developer mentioned in (b) and (c) for funding the completion of a 247 mixed use rental apartment project located in Hollywood, Florida. Construction of the project was 75% complete as of the end of 2019. The promissory note bears interest at 10.0% per annum. The entire principal amount of this loan is due and payable in full, together with all accrued but unpaid interest thereon on September 30, 2020. The loan is secured by an assignment of membership interest in a partnership developing rental apartments in Lauderhill, Florida. Such membership interest is valued at approximately $465,000. (e) In October 2019, the Company entered into a loan participation agreement for $200,000 earning 10% interest payable monthly and maturing June 30, 2022. In January 2020, the loan was repaid, and we received our principal and all interest due under the loan participation.

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2019
Income Tax Disclosure [Abstract]
Schedule of Effective Income Tax Rate Reconciliation	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, 2019 and 2018 were as follows: 2019 2018 Income before income taxes $ 310,000 $ 4,091,000 Computed tax at federal statutory rate of (21%) $ 65,000 $ 859,000 State taxes 1,000 (9,000 ) REIT related adjustments (31,000 ) (847,000 ) Adjustment to valuation allowance 13,000 (21,000 ) Other items, net (19,000 ) (21,000 ) Provision for (benefit from) income taxes $ 29,000 $ (39,000 )
Schedule of Components of Income Tax Expense (Benefit)	The provision for (benefit from) income taxes in the consolidated statements of income c o Year ended December 31, 2019 2018 Current: Federal - - State $ - $ (2,000 ) - (2,000 ) Deferred: Federal $ 15,000 $ (10,000 ) State 1,000 (6,000 ) 16,000 (16,000 ) Change in valuation allowance 13,000 (21,000 ) Total $ 29,000 $ (39,000 )
Schedule of Deferred Tax Assets and Liabilities	As of December 31, 2019, and 2018, the components of the deferred tax assets and liabilities are as follows: As of December 31, 2019 ‎Deferred tax As of December 31, 2018 ‎Deferred tax Assets Liabilities Assets Liabilities Net operating loss carry forward $ 215,000 $ 202,000 Excess of book basis of 49% owned corporation over tax basis $ 272,000 $ 281,000 Unrealized gain on marketable securities - 8,000 5,000 - Excess of tax basis over book basis of other investments and other 203,000 - 228,000 - Valuation allowance (215,000 ) (202,000 ) Totals $ 203,000 $ 280,000 $ 233,000 $ 281,000

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2019
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, 2019 and 2018, and changes during the periods ending on those dates are presented below: As of December 31, 2019 As of December 31, 2018 Shares Weighted ‎ Average Exercise ‎Price Shares Weighted ‎ Average Exercise ‎Price Outstanding at the beginning of the period 1,600 $ 15.30 12,500 $ 9.31 Granted 8,000 13.20 1,600 15.30 Exercised - - (12,500 ) (9.31 ) Expired - - - - Forfeited - - - - Outstanding at the end of the period 9,600 $ 13.55 1,600 $ 15.30 Options exercisable at period-end 9,600 $ 13.55 1,600 $ 15.30 Weighted average fair value of options granted during the period - - - - Aggregate intrinsic value of outstanding and exercisable options at the end of the period 9,600 $ 13.55 1,600 $ -
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, 2019: Number Outstanding ‎and exercisable Weighted Average ‎Strike Prices 9,600 $ 13.55

DESCRIPTION OF BUSINESS AND S_4

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Stockholders' Equity Attributable to Noncontrolling Interest [Abstract]
Noncontrolling interest balance at beginning of year	$ 240,369	$ 233,000
Noncontrolling partners' interest in operating gains of CII	11,073	7,457
Noncontrolling interest balance at end of year	$ 251,443	$ 240,369

DESCRIPTION OF BUSINESS AND S_5

DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual)	1 Months Ended	2 Months Ended	12 Months Ended
	Jul. 19, 2019USD ($)aft²units	Feb. 28, 2018USD ($)$ / shares	Dec. 31, 2019USD ($)ashares	Dec. 31, 2018USD ($)shares
SEC Schedule III, Real Estate and Accumulated Depreciation, Life Used for Depreciation			39 years 6 months
Depreciation expense for the corporate offices			$ 15,000	$ 15,000
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | shares			9,600	1,600
Percentage Of Increase In Extention Permit			5.00%
Cash, Uninsured Amount			$ 239,000	$ 0
Cash, FDIC Insured Amount			250,000
Operating Leases, Rent Expense, Minimum Rentals			61,261
Gain (Loss) on Sale of Properties, Applicable Income Taxes			$ 0	(5,473,887)
Equity Method Investment, Ownership Percentage			49.00%
Number of Units in Real Estate Property | units	318
FL
Gain or loss on real estate per share | $ / shares		$ 5.40
Gain (Loss) on Sale of Properties, Applicable Income Taxes		$ 5,500,000
Fort Myers Florida [Member]
Area of Land | a	17.5
Development Costs, Period Cost	$ 56,080,000
Area Of Land Available For Renting | ft²	312,000
PNC Bank National Association [Member]
Equity Method Investment, Underlying Equity in Net Assets	$ 14,490,000
Debt Instrument, Face Amount	$ 41,590,000
Murano At Three Oaks Associates LLC [Member]
Equity Method Investment, Ownership Percentage	25.00%
Equity Method Investment, Underlying Equity in Net Assets	$ 3,620,000
US Treasury Securities [Member]
Debt Securities, Trading, Restricted			$ 9,900,000	9,900,000
Collateral Pledged [Member]
Debt Securities, Trading, Restricted			$ 0	$ 0
Cii [Member]
Noncontrolling Interest, Ownership Percentage by Parent			95.00%
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			6.01
Baleen Associates Inc [Member]
Noncontrolling Interest, Ownership Percentage by Parent			50.00%
HMG Atlanta LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent			1.50%
HMG Orlando LLC [Member] | FL
Limited limited partnership ownership interest		33.00%
HMG Bayshore LLC [Member]
Noncontrolling Interest, Description			This is a wholly owned Florida limited liability company which owns an investment in an entity which invests in mortgages secured by real estate.

INVESTMENT PROPERTIES (Details)

INVESTMENT PROPERTIES (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Office building and other commercial property:
Cost	$ 1,350,024	$ 1,283,862
Accumulated Depreciation	424,061	408,664
Net	925,963	875,198
Corporate Office - (Coconut Grove, FL) – Building [Member]
Office building and other commercial property:
Cost	652,197	652,197
Accumulated Depreciation	372,061	356,664
Net	280,136	295,533
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 (53 acres) [Member]
Office building and other commercial property:
Cost	209,138	142,976
Accumulated Depreciation	0	0
Net	209,138	142,976
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 (6.0 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) - Cii [Member]	1 Months Ended
	Jul. 31, 2019USD ($)a
Property, Plant and Equipment [Line Items]
Area of Land | a	3
Proceeds from Sale of Other Real Estate	$ 50
Deferred Gain on Sale of Property	$ 44,000

INVESTMENTS IN MARKETABLE SEC_3

INVESTMENTS IN MARKETABLE SECURITIES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities, Fair Value	$ 3,473,521	$ 3,075,718
Marketable Securities, Unrealized Gain (Loss)	236,000	(454,000)
Real Estate Investment Trusts [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities Cost Basis	1,800,000	1,888,000
Marketable Securities, Fair Value	1,860,000	1,760,000
Marketable Securities, Unrealized Gain (Loss)	60,000	(128,000)
Mutual Funds, ETF & other [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities Cost Basis	221,000	210,000
Marketable Securities, Fair Value	257,000	206,000
Marketable Securities, Unrealized Gain (Loss)	36,000	(4,000)
Other Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities Cost Basis	885,000	606,000
Marketable Securities, Fair Value	883,000	608,000
Marketable Securities, Unrealized Gain (Loss)	(2,000)	2,000
Total Equity Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities Cost Basis	2,906,000	2,704,000
Marketable Securities, Fair Value	3,000,000	2,574,000
Marketable Securities, Unrealized Gain (Loss)	94,000	(130,000)
Debt Securities [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities Cost Basis	477,000	517,000
Marketable Securities, Fair Value	474,000	502,000
Marketable Securities, Unrealized Gain (Loss)	(3,000)	(15,000)
Total [Member]
Schedule Of Trading Securities And Other Trading Assets [Line Items]
Marketable Securities Cost Basis	3,383,000	3,221,000
Marketable Securities, Fair Value	3,474,000	3,076,000
Marketable Securities, Unrealized Gain (Loss)	$ 91,000	$ (145,000)

INVESTMENTS IN MARKETABLE SEC_4

INVESTMENTS IN MARKETABLE SECURITIES (Details 1)	Dec. 31, 2019USD ($)
Investments, Debt and Equity Securities [Abstract]
2020 – 2024 Cost	$ 122,000
2020 – 2024 Fair value	125,000
2025 – 2029 Cost	113,000
2025 – 2029 Fair value	108,000
2030 – thereafter Cost	242,000
2030 – thereafter Fair value	241,000
Debt Securities, Held-to-maturity	477,000
Debt Securities, Held-to-maturity, Fair Value	$ 474,000

INVESTMENTS IN MARKETABLE SEC_5

INVESTMENTS IN MARKETABLE SECURITIES (Details 2) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Marketable Securities, Gain (Loss) [Abstract]
Net realized gains from sales of marketable securities	$ 42,000	$ 51,000
Net unrealized gains (losses) from marketable securities	236,000	(454,000)
Total net gains (losses) from investments in marketable securities	$ 278,223	$ (403,432)

INVESTMENTS IN MARKETABLE SEC_6

INVESTMENTS IN MARKETABLE SECURITIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Marketable Securities [Line Items]
Marketable Securities Gain	$ 108,000	$ 240,000
Marketable Securities Loss	66,000	189,000
Marketable Securities, Unrealized Gain (Loss)	236,000	(454,000)
Marketable Securities	3,473,521	3,075,718
Real Estate Investment Trusts [Member]
Marketable Securities [Line Items]
Marketable Securities, Unrealized Gain (Loss)	60,000	(128,000)
Marketable Securities	$ 1,860,000	$ 1,760,000

OTHER INVESTMENTS (Details)

OTHER INVESTMENTS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Schedule of Investments [Line Items]
Other investments	$ 5,585,666	$ 6,039,456
Real estate and related [Member]
Schedule of Investments [Line Items]
Other investments	3,378,000	3,182,000
Technology and communications [Member]
Schedule of Investments [Line Items]
Other investments	130,000	150,000
Diversified businesses [Member]
Schedule of Investments [Line Items]
Other investments	2,043,000	2,372,000
Other (private bank and insurance company) [Member]
Schedule of Investments [Line Items]
Other investments	$ 35,000	$ 335,000

OTHER INVESTMENTS (Details 1)

OTHER INVESTMENTS (Details 1) - USD ($)		12 Months Ended
		Dec. 31, 2019	Dec. 31, 2018
Income From Other Investments [Line Items]
Net Investment Income		$ 806,000	$ 388,000
Real estate and related
Income From Other Investments [Line Items]
Net Investment Income	[1]	668,000	217,000
Income from investment in 49% owned affiliate
Income From Other Investments [Line Items]
Net Investment Income	[2]	25,000	74,000
Diversified businesses
Income From Other Investments [Line Items]
Net Investment Income	[3]	113,000	63,000
Other (private banks)
Income From Other Investments [Line Items]
Net Investment Income	[4]	$ 0	$ 34,000
[1]	The gain from real estate and related investments in 2019 includes $429,000 from a partnership which sold its sole asset, a multifamily residential property located in Austin, Texas, in September 2019. In December 2019, an investment in a partnership owning rental apartments in Atlanta, Georgia was sold at a gain to the Company of approximately $109,000. Also included in the 2019 gains are cash distributions from investments in real estate partnerships which distributed proceeds above their carrying value. The gain in 2018 was primarily from one investment in a partnership owning rental apartments in San Antonio, Texas which were sold in March 2018 at a gain to the Company of approximately $105,000. Also included in the 2018 gain are cash distributions from investments in real estate partnerships which distributed proceeds above our carrying value.
[2]	This gain represents income from the Company’s 49% owned affiliate, T.G.I.F. Texas, Inc. (“TGIF”). In 2019 and 2018 TGIF declared and paid a cash dividend, the Company’s portion of which was approximately $221,000 and $193,000, respectively. These dividends were recorded as reduction in the investment carrying value as required under the equity method of accounting for investments. The decrease in income from TGIF for 2019 versus 2018 is attributable to less gains from other investments in 2019.
[3]	The gain from investments in diversified businesses include $66,000 from our redemption of a stock fund in August 2019. Other gains in 2019 include cash distributions from investments which distributed proceeds above our carrying value. The gains in 2018 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.
[4]	In the first quarter of 2019 the Company’s $300,000 investments in a private insurance company publicly registered all shares and began trading on the NASDAQ on March 29, 2019. Accordingly, we have transferred this investment to marketable securities. As of December 31, 2019, this investment had an unrealized loss of approximately $111,000. In the first quarter of 2018 the Company’s investments in two private banks experienced mergers with publicly traded larger banks and we received stock in those publicly traded banks plus approximately $34,000 in cash. The cash portion was recorded as gain from other investments. The bank securities we received from the mergers were mostly sold during 2018 at a total gain of approximately $136,000 which is included in gains from sales of marketable securities

OTHER INVESTMENTS (Details 2)

OTHER INVESTMENTS (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	$ 532,000	$ 273,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	188,000	132,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	720,000	405,000
Unrealized
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(109,000)	(27,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	(45,000)	(18,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	(154,000)	(45,000)
Partnerships Owning Investments In Real Estate And Related [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	169,000
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	169,000
Unrealized
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(52,000)
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	(52,000)
Partnerships Owning Investments In Technology Related Industries [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value		0
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value		132,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total		132,000
Unrealized
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss		0
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss		(18,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss		(18,000)
Partnerships Owning Investments in Diversified Businesses [Member]
Fair Value
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than Twelve Months, Fair Value	363,000	273,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Twelve Months or Longer, Fair Value	188,000
Available-for-sale Securities, Continuous Unrealized Loss Position, Fair Value, Total	551,000	273,000
Unrealized
Available-for-sale Securities, Continuous Unrealized Loss Position, Less than 12 Months, Aggregate Loss	(57,000)	(27,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, 12 Months or Longer, Aggregate Loss	(45,000)
Available-for-sale Securities, Continuous Unrealized Loss Position, Aggregate Loss	$ (102,000)	$ (27,000)

OTHER INVESTMENTS (Details Text

OTHER INVESTMENTS (Details Textual) - USD ($)	Dec. 01, 2019	Mar. 31, 2018	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other Investment [Line Items]
Other Investments			$ 5,585,666	$ 6,039,456
Company committed to fund approximately as required by agreements with the investees			$ 792,000
Equity Method Investment, Ownership Percentage			49.00%
Company Made Contributions To Other Investments Of Approximately			$ 1,000,000	1,400,000
Received Distributions From Investments			2,100,000	1,800,000
Investment Income, Dividend			221,000	193,000
Gain on Sale of Investments		$ 105,000
Cash and Cash Equivalents, at Carrying Value		$ 34,000	15,382,596	19,738,174	$ 5,223,995
Marketable Securities, Gain (Loss)			278,223	(403,432)
Freely Marketable [Member] | Investment In Insurance Company [Member]
Other Investment [Line Items]
Transfer of investments to marketable securitites			300,000
Maketable securitites unrealised loss position			$ 111,000
TGIF Texas Inc [Member]
Other Investment [Line Items]
Equity Method Investment, Ownership Percentage			49.00%
Private Banks [Member]
Other Investment [Line Items]
Marketable Securities, Gain (Loss)				$ 136,000
Multifamily Residential Property [Member]
Other Investment [Line Items]
Gain (Loss) on Sale of Other Investments			$ 429,000
Multifamily Residential Property [Member] | Atlanta [Member]
Other Investment [Line Items]
Gain losses on sales of investment real estate	$ 109,000
Stock Fund [Member]
Other Investment [Line Items]
Gain (Loss) on Sale of Other Investments			$ 66,000

FAIR VALUE INSTRUMENTS (Details

FAIR VALUE INSTRUMENTS (Details) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	$ 18,209,000	$ 22,454,000
Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	17,735,000	21,597,000
Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	474,000	857,000
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
Time Deposits [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		355,000
Time Deposits [Member] | Fair Value, Inputs, Level 1 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		0
Time Deposits [Member] | Fair Value, Inputs, Level 2 [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure		355,000
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
Money Market Mutual Funds [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	606,000	1,594,000
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	606,000	1,594,000
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
U S T bills [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	14,130,000	17,429,000
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	14,130,000	17,429,000
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	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
Corporate Debt Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	474,000	502,000
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	474,000	502,000
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
Marketable Equity Securities [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Cash and Cash Equivalents, Fair Value Disclosure	2,999,000	2,574,000
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	2,999,000	2,574,000
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

INVESTMENT IN AFFILIATE (Detail

INVESTMENT IN AFFILIATE (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Equity Method Investment, Ownership Percentage	49.00%
Investment Income, Dividend	$ 221,000	$ 193,000
TGIF Texas Inc [Member]
Investment Income, Dividend	221,000	193,000
Income (Loss) from Equity Method Investments	$ 25,000	$ 74,000
Cash Dividend Declared And Paid	$ 0.08	$ 0.07

LOANS, NOTES AND OTHER RECEIV_3

LOANS, NOTES AND OTHER RECEIVABLES (Details) - USD ($)		Dec. 31, 2019	Dec. 31, 2018
Accounts and Notes Receivable, Net		$ 2,519,570	$ 1,796,926
Promissory note and accrued interest due from purchaser of Grove Isle [Member]
Accounts and Notes Receivable, Net	[1]	1,034,000	1,034,000
Promissory Note And Accrued Interest Collateralized By Second Mortgage On Raw Land [Member]
Accounts and Notes Receivable, Net	[2]	503,000	503,000
Promissory note and accrued interest due from individual [Member]
Accounts and Notes Receivable, Net	[3]	273,000	252,000
Promissory Note And Accrued Interest Due From Entity Owning Apartments [Member]
Accounts and Notes Receivable, Net	[4]	502,000	0
Other Loans Notes And Other Receivables [Member]
Accounts and Notes Receivable, Net	[5]	$ 208,000	$ 8,000
[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 2018, the Company loaned $500,000 to an entity controlled by a local real estate developer. The loan is collateralized by a second mortgage on raw land located in Lauderhill, Florida. The promissory note bears interest at 8.5% per annum and calls for interest only payments due on a quarterly basis beginning March 4, 2019 and continuing through maturity date of June 4, 2020 when all principal and unpaid interest becomes due. All interest due on this loan has been collected.
[3]	In December 2018, the Company (through CII) loaned $250,000 to the same local real estate developer mentioned in (b) above. This loan bears interest of 8.5% per annum and all principal and accrued interest is due at maturity on June 4, 2020. The loan is secured by an assignment of membership interest in a partnership owning rental apartments in Jacksonville, Florida. Such membership interest is valued at approximately $500,000.
[4]	In December 2019, the Company loaned $500,000 to an entity controlled by the same local real estate developer mentioned in (b) and (c) for funding the completion of a 247 mixed use rental apartment project located in Hollywood, Florida. Construction of the project was 75% complete as of the end of 2019. The promissory note bears interest at 10.0% per annum. The entire principal amount of this loan is due and payable in full, together with all accrued but unpaid interest thereon on September 30, 2020. The loan is secured by an assignment of membership interest in a partnership developing rental apartments in Lauderhill, Florida. Such membership interest is valued at approximately $465,000.
[5]	In October 2019, the Company entered into a loan participation agreement for $200,000 earning 10% interest payable monthly and maturing June 30, 2022. In January 2020, the loan was repaid, and we received our principal and all interest due under the loan participation.

LOANS, NOTES AND OTHER RECEIV_4

LOANS, NOTES AND OTHER RECEIVABLES (Details Textual) - USD ($)	Oct. 01, 2019	Feb. 28, 2013	Dec. 31, 2019	Dec. 31, 2018
Loan Participation Agreement [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans on Real Estate, Interest Rate	10.00%
Loans receivable face amount	$ 200,000
Payments towards loans advanced	$ 200,000
Loans receivable terms of payment	interest payable monthly
FL | Mixed Use Rental Apartment Project In Hollywood [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans on Real Estate, Interest Rate			10.00%
Loans Receivable, Gross, Commercial, Real Estate			$ 500,000
Percentage of project completed till date			75.00%
FL | Membership Interest In Real Estate Partnership Developing Rental Apartments In Launderhill [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Membership interest in real estate partnership			$ 465,000
FL | Membership Interest In Rental Apartments [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Membership interest in real estate partnership			$ 500,000
Maturity date of loan receivable			Sep. 30, 2020
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 Collateralized By Second Mortgage On Raw Land [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans on Real Estate, Interest Rate				8.50%
Mortgage Loans on Real Estate, Final Maturity Date				Jun. 4, 2020
Loans Receivable, Gross, Commercial, Real Estate				$ 500,000
Promissory Note And Accrued Interest Collateralized By Second Mortgage On Raw Land [Member] | Cii [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage Loans on Real Estate, Interest Rate				8.50%
Mortgage Loans on Real Estate, Final Maturity Date				Jun. 4, 2020
Loans Receivable, Gross, Commercial, Real Estate				$ 250,000

INVESTMENT IN RESIDENTIAL REA_2

INVESTMENT IN RESIDENTIAL REAL ESTATE PARTNERSHIPS (Details Textual)	Jan. 13, 2020USD ($)	Jan. 31, 2019USD ($)	Jul. 19, 2019USD ($)aft²units	Dec. 31, 2018USD ($)	Jun. 30, 2018USD ($)	Feb. 28, 2018USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2018USD ($)
Equity Method Investment, Ownership Percentage							49.00%
Number of Units in Real Estate Property | units			318
Net Income (Loss) Attributable to Parent							$ 269,870	$ 4,121,070
Depreciation, Depletion and Amortization, Nonproduction							15,399	15,398
Interest expense							56,300	88,822
Net Income (Loss) from Real Estate Investment Partnership							4,455	(136,889)
Distributions Payable to Real Estate Partnerships				$ 375,000	$ 375,000		6,187	7,625,000
Long term construction loan							$ 0
JY-TV Associates LLC [Member]
Proceeds from Sale, Maturity and Collection of Investments						$ 50,150,000
Gain On Sale Before Incentive Fees						$ 5,500,000		6,100,000
Net Income (Loss) Attributable to Parent								17,800,000
Depreciation, Depletion and Amortization, Nonproduction								447,000
Interest expense								159,000
Gain (Loss) on Disposition of Property Plant Equipment								18,200,000
Net Income (Loss) from Real Estate Investment Partnership								5,900,000
Profit (Loss) from Real Estate Operations								137,000
Incentive Fee Expense								608,000
Distributions Payable to Real Estate Partnerships		$ 6,000		$ 1,125,000	$ 1,125,000			21,750,000
Hmg [Member]
Distributions Payable to Real Estate Partnerships								$ 7,250,000
PNC Bank National Association [Member]
Equity Method Investment, Underlying Equity in Net Assets			$ 14,490,000
Debt Instrument, Face Amount			41,590,000
Murano At Three Oaks Associates LLC [Member]
Equity Method Investment, Underlying Equity in Net Assets			$ 3,620,000
Equity Method Investment, Ownership Percentage			25.00%
Fort Myers Florida [Member]
Guarantor Obligations Financial Compliance Covenants			Each Guarantor is required to maintain compliance with the following financial covenants, as defined: (1) liquidity shall not be less than $2.5 million. Liquidity is defined as the sum of unencumbered, unrestricted cash and cash equivalents and marketable securities, and (2) net worth shall not be less than $10 million.
Development Costs, Period Cost			$ 56,080,000
Area Of Land Available For Renting | ft²			312,000
Area of Land | a			17.5
Fort Myers Florida [Member] | Financial Guarantee [Member] | Reduction Of Rate One [Member]
Guarantor Obligation Percentage Loans Payable							30.00%
Fort Myers Florida [Member] | Financial Guarantee [Member] | Reduction Of Rate Two [Member]
Guarantor Obligation Percentage Loans Payable							15.00%
Fort Myers Florida [Member] | Financial Guarantee [Member] | Reduction Of Rate Three [Member]
Guarantor Obligation Percentage Loans Payable							0.00%
Fort Myers Florida [Member] | Construction Contracts [Member]
Guarantor Obligations, Term							HMG and the other members (or affiliates thereof) of the Borrower ("Guarantors") entered into a Completion Guaranty ("Completion Guaranty") and a Guaranty and Suretyship Agreement ("Repayment Guaranty") (collectively, the “Guaranties”). Under the Completion Guaranty, each Guarantor shall unconditionally guaranty, as a primary obligor, and become surety for the prompt payment and performance by Borrower of the “Guaranteed Obligations” (as defined). Under the Repayment Guaranty, Guarantor unconditionally guarantees, as a primary obligor, and becomes surety for the prompt payment and performance of, as defined (i) all Interest Obligations, (ii) all Loan Document Obligations, (iii) all Expense Obligations, (iv) the Carrying Cost Obligations, (v) the Principal Amount, (vi) interest on each of the foregoing including, if applicable, interest at the Default Rate (as defined). At all times prior to the First Reduction Date (as defined below), the Guarantors are collectively responsible for 30% of the Principal Obligations, (ii) at all times after the First Reduction Date, the Guarantors are collectively responsible for15% of the Principal Obligations, and (iii) at all times after the Second Reduction Date, 0% of the Principal Obligations. First Reduction Conditions" means satisfaction of the following conditions: (i) no Event of Default has occurred and is continuing; (ii) Completion of Construction has occurred; and (iii) the Project has achieved a DSCR of not less than 1.25 to 1.00 for two (2) consecutive fiscal quarters.
Fort Myers Florida [Member] | Construction Contracts [Member] | Minimum [Member]
Liquidity amount							$ 2,500,000
Net worth							$ 10,000,000
Subsequent Event [Member]
Construction loans received	$ 2,700,000

NOTES AND ADVANCES DUE FROM A_2

NOTES AND ADVANCES DUE FROM AND TRANSACTIONS WITH RELATED PARTIES (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Loans and Leases Receivable, before Fees, Gross	$ 61,261
Equity Method Investment, Ownership Percentage	49.00%
Noninterest Expense Directors Fees	$ 82,144	$ 81,494
Increase In Rent Per Annum Percent	5.00%
Adiviser [Member]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 741,000	1,300,000
Adiviser [Member] | Regular Compensation [Member]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	660,000	660,000
Adiviser [Member] | Incentive Fee [Member]
Salary and Wage, Officer, Excluding Cost of Good and Service Sold	$ 81,000	640,000
Weiner [Member]
Equity Method Investment, Ownership Percentage	19.00%
TGIF Texas Inc [Member]
Equity Method Investment, Ownership Percentage	49.00%
Due from Affiliate, Current	$ 1,000,000	$ 1,340,000
TGIF Texas Inc [Member] | Hmg [Member] | Common Stock [Member]
Investment Owned, Balance, Shares	10,200	10,200
TGIF Texas Inc [Member] | Weiner [Member]
Loans and Leases Receivable, before Fees, Gross	$ 707,000
Related Party Transaction, Rate	4.75%
Noninterest Expense Directors Fees	$ 23,000	$ 35,000
Due from Affiliate, Current	$ 707,000
Cii Spa Llc [Member] | TGIF Texas Inc [Member]
Equity Method Investment, Ownership Percentage	49.00%
Related Party Transaction, Rate	4.75%

INCOME TAXES (Details )

INCOME TAXES (Details ) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Abstract]
Income (Loss) before income taxes	$ 310,000	$ 4,091,000
Computed tax at federal statutory rate of (21%)	65,000	859,000
State taxes	1,000	(9,000)
REIT related adjustments	(31,000)	(847,000)
Adjustment to valuation allowance	13,000	(21,000)
Other items, net	(19,000)	(21,000)
(Provision for) benefit from income taxes	$ (29,326)	$ 38,668

INCOME TAXES (Details 1)

INCOME TAXES (Details 1) - USD ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Current:
Federal	$ 0	$ 0
State	0	(2,000)
Total	0	(2,000)
Deferred:
Federal	15,000	(10,000)
State	1,000	(6,000)
Total	16,000	(16,000)
Change in valuation allowance	13,000	(21,000)
Total	$ 29,326	$ (38,668)

INCOME TAXES (Details 2)

INCOME TAXES (Details 2) - USD ($)	Dec. 31, 2019	Dec. 31, 2018
Assets [Member]
Income Taxes Line Items [Line Items]
Net operating loss carry forward	$ 215,000	$ 202,000
Unrealized gain on marketable securities	0	5,000
Excess of tax basis over book basis of other investments	203,000	228,000
Valuation allowance	(215,000)	(202,000)
Totals	203,000	233,000
Liabilities [Member]
Income Taxes Line Items [Line Items]
Excess of book basis of 49% owned corporation over tax basis	272,000	281,000
Unrealized gain on marketable securities	8,000	0
Excess of tax basis over book basis of other investments	0	0
Totals	$ 280,000	$ 281,000

INCOME TAXES (Details Textual)

INCOME TAXES (Details Textual) - USD ($)	Dec. 13, 2019	Dec. 14, 2018	Mar. 07, 2018	Dec. 31, 2019	Dec. 31, 2018
Income Tax Disclosure [Line Items]
Dividend payable declaration date	Dec. 13, 2019
Common Stock, Dividends, Per Share, Cash Paid	$ 0.50
Dividend payable date to be paid	Jan. 13, 2020
Dividend payable date of record	Dec. 30, 2019
Dividend capital gain component percentage	72.00%
Dividend return of capital component percentage	22.00%
Deferred Income Tax Liabilities, Net				$ 77,485	$ 47,888
Common Stock, Dividends, Per Share, Cash Paid		$ 0.50	$ 2.50
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				21.00%	21.00%
Cii [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards					$ 447,000
Noncontrolling Interest, Ownership Percentage by Parent				95.00%
Cii [Member] | Change in Accounting Method Accounted for as Change in Estimate [Member]
Income Tax Disclosure [Line Items]
Operating Loss Carryforwards				$ 949,000

STOCK-BASED COMPENSATION (Detai

STOCK-BASED COMPENSATION (Details) - $ / shares	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Options Outstanding
Outstanding at Beginning	1,600	12,500
Granted	8,000	1,600
Exercised	0	(12,500)
Forfeited	0	0
Outstanding at the end of the period	9,600	1,600
Options exercisable at period-end	9,600	1,600
Weighted average fair value of options granted during the period	0	0
Aggregate intrinsic value of outstanding and exercisable options at the end of the period	9,600	1,600
Weighted Average Exercise Price
Outstanding at Beginning	$ 15.30	$ 9.31
Granted	13.20	15.30
Exercised	0	(9.31)
Forfeited	0	0
Expired	0	0
Outstanding at Ending	13.55	15.30
Options exercisable at period-end	13.55	15.30
Weighted average fair value of options granted during the period	$ 0	$ 0
Aggregate intrinsic value of outstanding and exercisable options at the end of the period	13.55	0

STOCK-BASED COMPENSATION (Det_2

STOCK-BASED COMPENSATION (Details 1) - $ / shares	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Number Outstanding and exercisable	9,600	1,600	12,500
Weighted Average Strike Prices	$ 13.55	$ 15.30	$ 9.31
Strike Price,13.55
Number Outstanding and exercisable	9,600
Weighted Average Strike Prices	$ 13.55

STOCK-BASED COMPENSATION (Det_3

STOCK-BASED COMPENSATION (Details Textual) - $ / shares	1 Months Ended		12 Months Ended
	Mar. 31, 2018	Jan. 31, 2018	Dec. 31, 2019	Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period			0	12,500
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price			$ 13.20	$ 15.30
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Gross			8,000	1,600
Share-based Compensation Arrangement by Share-based Payment Award, Expiration Date			Jun. 29, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term			2 years
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Volatility Rate			19.50%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate			1.93%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate			4.00%
Non Employee Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period				0
Director One [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	1,600	1,600
Share-based Compensation, Shares Authorized under Stock Option Plans, Exercise Price Range, Exercisable Options, Weighted Average Exercise Price	$ 15.30	$ 15.30
Three Director And One Officer [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period	10,900
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price		$ 9.31
Stock Option Plan 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized			120,000