Presidential Realty (PDNLA) 10-K 28 Mar 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Jun. 30, 2013	Mar. 28, 2014	Mar. 28, 2014
			Common Class A [Member]	Common Class B [Member]
Document Information [Line Items]	'	'	'	'
Document Type	'10-K	'	'	'
Amendment Flag	'false	'	'	'
Document Period End Date	31-Dec-13	'	'	'
Document Fiscal Year Focus	'2013	'	'	'
Document Fiscal Period Focus	'FY	'	'	'
Trading Symbol	'PDNLA	'	'	'
Entity Common Stock, Shares Outstanding	'	'	442,533	3,846,147
Entity Registrant Name	'PRESIDENTIAL REALTY CORP/DE/	'	'	'
Entity Central Index Key	'0000731245	'	'	'
Current Fiscal Year End Date	'--12-31	'	'	'
Entity Well-known Seasoned Issuer	'No	'	'	'
Entity Voluntary Filers	'No	'	'	'
Entity Current Reporting Status	'Yes	'	'	'
Entity Filer Category	'Smaller Reporting Company	'	'	'
Entity Public Float	'	$461,720	'	'

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Assets	'	'
Real estate (Note 2)	$1,116,815	$1,111,534
Less: accumulated depreciation	514,699	465,016
Net real estate	602,116	646,518
Net mortgage portfolio	2,024	14,654
Prepaid expenses	184,500	253,330
Other receivables (net of valuation allowance of $5,485 in 2013 and $7,506 in 2012 )	18,394	31,825
Cash	477,077	852,674
Assets related to discontinued operations	45,793	14,198,806
Other assets	94,420	11,988
Total Assets	1,424,324	16,009,795
Liabilities:	'	'
Liabilities related to discontinued operations	48,368	17,843,489
Mortgage payable	465,309	488,748
Line of credit	500,000	0
Accrued liabilities	588,467	337,827
Accounts payable	0	7,559
Other liabilities	652,502	633,815
Total Liabilities	2,254,646	19,311,438
Presidential Stockholders' Deficit:	'	'
Additional paid-in capital	2,374,981	5,254,135
Accumulated deficit	-2,688,364	-3,717,861
Treasury stock (at cost)	0	-2,879,354
Total Presidential stockholders' deficit	-313,340	-1,343,037
Non-controlling interest	-516,982	-1,958,606
Total Deficit	-830,322	-3,301,643
Total Liabilities and Stockholders' Deficit	1,424,324	16,009,795
Common Class A [Member]	'	'
Presidential Stockholders' Deficit:	'	'
Common stock: par value $.00001 per share	5	5
Common Class B [Member]	'	'
Presidential Stockholders' Deficit:	'	'
Common stock: par value $.00001 per share	$38	$38

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Dec. 31, 2013	Dec. 31, 2012
Valuation allowance for other receivables (in dollars)	$5,485	$7,506
Common stock, par value (in dollars per share)	$0.00	$0.00
Common Class A [Member]	'	'
Common Stock, Shares Authorized	700,000	700,000
Common stock, shares issued	442,533	471,633
Treasury stock, shares	0	29,100
Common Class B [Member]	'	'
Common Stock, Shares Authorized	999,300,000	999,300,000
Common stock, shares issued	3,231,147	3,756,842
Treasury stock, shares	0	529,695

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Revenues:	'		'
Rental	$842,262		$769,944
Interest on mortgages - notes receivable	4,616		9,603
Total	846,878		779,547
Costs and Expenses:	'		'
General and administrative	1,392,437		1,021,741
Stock based compensation	200		103,267
Rental property:	'		'
Operating expenses	549,385		509,226
Interest and fees on mortgage debt	32,040		13,628
Real estate taxes	35,413		44,867
Depreciation on real estate	49,683		50,211
Amortization and mortgage costs	5,678		2,839
Total	2,064,836		1,745,779
Other Income:	'		'
Investment income	85,018		7,440
Loss from continuing operations	-1,132,940		-958,792
Discontinued Operations (Note 4):	'		'
Loss from discontinued operations	-1,101,907		-1,373,924
Net gain from foreclosure of discontinued operations	4,705,968	[1]	0
Net income (loss) from discontinued operations	3,604,061	[1]	-1,373,924
Net income (loss)	2,471,121		-2,332,716
Net (income) loss from non-controlling interest	-1,441,624		581,766
Net income (loss) attributable to Presidential	$1,029,497		($1,750,950)
Earnings per Common Share attributable to Presidential basic :	'		'
Loss from continuing operations (in dollars per share)	($0.31)		($0.26)
Discontinued Operations:	'		'
Loss from discontinued operations (in dollars per share)	($0.18)		($0.22)
Net gain from foreclosure of discontinued operations (in dollars per share)	$0.77		$0
Total earnings per share from discontinued operations (in dollars per share)	$0.59		($0.22)
Net Income (loss) per Common Share - basic (in dollars per share)	$0.28		($0.48)
Net Income (loss) per Common Share -diluted (in dollars per share)	$0.28		($0.48)
Weighted Average Number of Shares Outstanding -	'		'
basic (in shares)	3,669,844		3,657,052
diluted (in shares)	3,669,844		3,657,052
[1]	All revenues and the majority of expenses were incurred through September 23, 2013, date of foreclosure. Costs of $106,463 were incurred from September 24, 2013 through December 31, 2013 in connection with closing costs associated with the foreclosure.

CONSOLIDATED_STATEMENTS_OF_STO

CONSOLIDATED STATEMENTS OF STOCKHOLDERS (DEFICIT) (USD $)	Total	Common Stock [Member]	Additional Paid-in Capital [Member]	Accumulated Deficit [member]	Treasury Stock [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2011	($1,072,194)	$42	$5,150,869	($1,966,911)	($2,879,354)	($1,376,840)
Net (loss) income	-2,332,716	0	0	-1,750,950	0	-581,766
Stock based compensation	103,267	1	103,266	0	0	0
Balance at Dec. 31, 2012	-3,301,643	43	5,254,135	-3,717,861	-2,879,354	-1,958,606
Net (loss) income	2,471,121	0	0	1,029,497	0	1,441,624
Stock based compensation	200	0	200	0	0	0
Cancellation of treasury stock	0	0	-2,879,354	0	2,879,354	0
Balance at Dec. 31, 2013	($830,322)	$43	$2,374,981	($2,688,364)	$0	($516,982)

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Net income (loss)	$2,471,121		($2,332,716)
Adjustments to reconcile net income (loss) to net cash (used in) provided by operating activities:	'		'
Depreciation and amortization	49,683		50,211
Amortization of discounts on notes and fees	-3,540		2,839
Stock based compensation	200		103,267
Net gain from discontinued operations	-4,705,968	[1]	0
Decrease (Increase) in:	'		'
Other receivables	13,431		-17,397
Discontinued operations assets	3,110,131		193,494
Prepaid expenses	68,830		91,467
Other assets	-82,432		-11,988
Increase (decreases) in:	'		'
Accounts payable and accrued liabilities	243,081		161,296
Discontinued operations liabilities	-2,046,271		1,204,517
Other liabilities	18,687		10,824
Total adjustments	-3,334,168		1,788,530
Net cash used in operating activities	-863,047		-544,186
Cash Flows from Investing Activities:	'		'
Payments received on notes receivable	16,170		12,877
Payments disbursed for capital improvements	-5,281		-25,625
Net cash provided by (used in) investing activities	10,889		-12,748
Cash Flows from Financing Activities:	'		'
Proceeds of line of credit	500,000		0
Proceeds of mortgage financing	0		459,620
Principal payments on mortgage debt	-23,439		-11,252
Net cash provided by financing activities	476,561		448,368
Net decrease in Cash	-375,597		-108,566
Cash, Beginning of Year	852,674		961,240
Cash, End of Year	477,077		852,674
Supplemental cash flow information:	'		'
Interest paid in cash	32,039		9,333
Non-cash Financing Cost	$0		$40,380
[1]	All revenues and the majority of expenses were incurred through September 23, 2013, date of foreclosure. Costs of $106,463 were incurred from September 24, 2013 through December 31, 2013 in connection with closing costs associated with the foreclosure.

Organization_and_Summary_of_Si

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization Consolidation And Presentation Of Financial Statements Disclosure And Significant Accounting Policies [Text Block]	'
	1	Organization and Summary of Significant Accounting Policies
	Organization
	Presidential Realty Corporation (“Presidential” or the “Company”), is operated as a self-administrated, self-managed Real Estate Investment Trust (“REIT”). The Company is engaged principally in the ownership of income producing real estate. Presidential operates in a single business segment, investments in real estate related assets.
	Basis of Presentation and Going Concern Considerations
	At December 31, 2013, the Company had a loss from continuing operations. This combined with a history of operating losses and working capital deficiency, has been detrimental to our operations and could potentially affect our ability to meet our obligations and continue as a going concern. Our ability to continue as a going concern is dependent upon the successful execution of our business plan to achieve profitability, and to increase working capital, raising debt and/or equity. The accompanying financial statements do not include any adjustments that may result from this uncertainty.
	The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the requirements of the Securities and Exchange Commission (“SEC”). The financial statements include all normal and recurring adjustments that are necessary for a fair presentation of the Company’s financial position and operating results.
	Real Estate
	Real estate is stated at cost. Generally, depreciation is provided on the straight-line method over the assets estimated useful lives, which range from twenty to thirty-nine years for buildings and improvements and from three to ten years for furniture and equipment. Maintenance and repairs are charged to operations as incurred and renewals and replacements are capitalized. The Company reviews each of its property investments for possible impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment of properties is determined to exist when estimated amounts recoverable through future operations on an undiscounted basis are below the properties carrying value. If a property is determined to be impaired, it is written down to its estimated fair value.
	Mortgage Portfolio
	Net mortgage portfolio represents the outstanding principal amounts of notes receivable reduced by discounts. The primary forms of collateral on all notes receivable are real estate and ownership interests in entities that own real property, and may include borrower personal guarantees. The Company periodically evaluates the collectability of both accrued interest on and principal of its notes receivable to determine whether they are impaired. A mortgage loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the existing contractual terms of the loan. The Company also considers loan modifications as possible indicators of impairment. When a mortgage loan is considered to be impaired, the Company establishes a valuation allowance equal to the difference between a) the carrying value of the loan, and b) the present value of the expected cash flows from the loan at its effective interest rate, or at the estimated fair value of the real estate collateralizing the loan. Income on impaired loans, including interest, and the recognition of deferred gains and unamortized discounts, is recognized only as cash is received.
	Sale of Real Estate
	Presidential follows the guidance of the Property, Plant and Equipment Topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) as it pertains to sales of real estate. Accordingly, the gains on certain transactions were deferred and were recognized on the installment method until such transactions complied with the criteria for full profit recognition. At December 31, 2013 and 2012, the Company had no deferred gains.
	Discounts on Notes Receivable
	Presidential assigned discounted values to long-term notes received from the sales of properties to reflect the difference between the stated interest rates on the notes and market interest rates at the time the notes were made. Such discounts are being amortized using the interest method.
	Principles of Consolidation
	The consolidated financial statements include the accounts of Presidential Realty Corporation and its wholly owned subsidiaries. Additionally, the consolidated financial statements include 100% of the account balances of PDL, Inc. and Associates Limited Co-Partnership (the “Hato Rey Partnership”). PDL, Inc. (a wholly owned subsidiary of Presidential and the general partner of the Hato Rey Partnership) and Presidential own an aggregate 60% general and limited partnership interest in the Hato Rey Partnership. These partnerships are being reported as discontinued operations (see Note 4). All significant intercompany balances and transactions have been eliminated.
	Investments in Joint Ventures
	The Company had an equity investment in a joint venture and accounted for the investment using the equity method of accounting. The investment was recorded at cost and adjusted for the Company’s share of each entity’s income or loss and adjusted for cash contributions or distributions. Real estate held by such entity was reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and would be written down to its estimated fair value if an impairment was determined to exist (see Note 3).
	Rental Revenue Recognition
	The Company acts as lessor under operating leases. Rental revenue is recorded on the straight-line basis from the later of the date of the commencement of the lease or the date of acquisition of the property subject to existing leases, which averages minimum rents over the terms of the leases. Certain leases require the tenants to reimburse a pro rata share of real estate taxes, utilities and maintenance costs. Recognition of rental revenue is generally discontinued when the rental is delinquent for ninety days or more, or earlier if management determines that collection is doubtful.
	Reclassifications
	Certain items in the December 31, 2012 consolidated financial statements and notes have been reclassified to conform to the December 31, 2013 presentation.
	Allowance for Doubtful Accounts
	The Company assesses the collectability of amounts due from tenants and other receivables, using indicators such as past-due accounts, the nature and age of the receivable, the payment history and the ability of the tenant or debtor to meet its payment obligations. Management’s estimate of allowances for doubtful accounts is subject to revision as these factors change. Rental revenue is recorded on the accrual method and rental revenue recognition is generally discontinued when the tenant in occupancy is delinquent for ninety days or more. Bad debt expense is charged for vacated tenant accounts and subsequent receipts collected for those receivables will reduce bad debt expense. For the years ended December 31, 2013 and 2012, bad debt expense for continuing operations relating to tenant obligations was $5,485 and $7,506, respectively.
	Net Income (Loss) Per Share
	Basic net income (loss) per share data is computed by dividing net income (loss) by the weighted average number of shares of Class A and Class B common stock outstanding (excluding non-vested shares) during each year. Diluted net income per share is computed by dividing net income by the weighted average shares outstanding, including the dilutive effect, if any, of non-vested shares. For the years ended December 31, 2013 and 2012, the weighted average shares outstanding as used in the calculation of diluted loss per share do not include 740,000, of outstanding stock options, as their inclusion would be antidilutive.
	Cash
	Cash includes cash on hand, cash in banks and cash in money market funds.
	Management Estimates
	The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of income and expense for the reporting period. Actual results could differ from those estimates.
	Accounting for Stock Awards
	The Company follows the guidance of ASC Topic 718 in accounting for stock-based compensation. Shares of Class B common stock granted are fully vested upon the grant date. The Company recorded the market value of the grants that were earned and vested in 2013 and 2012 to expense in each year.
	Discontinued Operations
	The Company follows the guidance of the Presentation and Property, Plant, and Equipment Topics of the ASC, with respect to long-lived assets classified as held for sale. The ASC requires that the results of operations, including impairment, gains and losses related to the properties that have been sold or properties that are intended to be sold, be presented as discontinued operations in the statements of operations for all periods presented and the assets and liabilities of properties intended to be sold are to be separately classified on the balance sheet. Properties designated as held for sale are carried at the lower of cost or fair value less costs to sell and are not depreciated.
	Accounting for Uncertainty in Income Taxes
	The Company follows the guidance of the recognition of current and deferred income tax accounts, including accrued interest and penalties, in accordance with ASC 740-10-25. Under this guidance, if the Company’s tax positions in relation to certain transactions were examined and were not ultimately upheld, the Company would be required to pay an income tax assessment and related interest. Alternatively, the Company could elect to pay a deficiency dividend to its shareholders in order to continue to qualify as a REIT and the related interest assessment to the taxing authorities.
	Recent Accounting Pronouncements
	The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition or cash flows based on current information.

Real_Estate

Real Estate	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Real Estate Disclosure [Text Block]	'
	2	Real Estate
	Real estate is comprised of the following:
			2013		2012
	Land		$	79,100	$	79,100
	Buildings			987,689		982,408
	Furniture and equipment			50,026		50,026
	Total		$	1,116,815	$	1,111,534
	Rental revenue from the Maple Tree properties constituted all of the rental revenue for the Company in 2013 and 2012.

Investments_in_Joint_Ventures_

Investments in Joint Ventures and Partnerships	12 Months Ended
	Dec. 31, 2013
Equity Method Investments and Joint Ventures [Abstract]	'
Equity Method Investments and Joint Ventures Disclosure [Text Block]	'
		3	Investments in Joint Ventures and Partnerships
		a.	At December 31, 2012, we assigned our 50% joint venture ownership interest in the IATG property to Signature Community Investment Group. LLC (“Signature”). Presidential wrote down its interest in the asset to $0 dollars at fiscal yearend 2011. In addition to the IATG interest, Presidential also assigned the promissory note dated February 27, 2009 made by David Lichtenstein in the original principal amount of $750,000; and the Security and Pledge Agreement dated February 27, 2009. The Promissory Note matured in 2010 and the sole source of payment for the note is an additional 25% interest in the IATG property. As consideration for the assignment of the IATG interests, Signature will pay to Presidential one half of any net proceeds (after Signature pays the first $25,000 of expenses) received by Signature from the asset. Signature is wholly owned by Nickolas W. Jekogian III, our Chairman and Chief Executive Officer. This transaction was unanimously approved by a vote of the independent members of the board of directors.
		b.	In December 2013 we received a distribution from Broadway Partners Fund II in the amount of $77,642. This amount is reported as investment income on the statement of operations. This investment was previously written off. The Company recognizes income received on the cash basis.

Discontinued_Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	'
		4	Discontinued Operations
	During the quarter ended March 31, 2012, the Company designated PDL, Inc. & Associates, Limited co-partnership, Presidential Matmor Corp. and PDL, Inc. as discontinued operations. All amounts have been adjusted retrospectively for the change through the date of foreclosure.
	The following table summarizes for the property discontinued:
			Year Ended December 31,
			2013*		2012
	Revenues:
	Rental		$	2,656,689	$	3,601,995
	General and administrative expenes			-		5,733
	Rental property expenses:
	Operating			1,850,580		2,442,675
	Interest on mortgage debt			1,673,956		2,212,340
	Real estate taxes			236,122		314,970
	Amortization of in-place lease values and mortgage costs			-		3,456
	Total rental property expense			3,760,658		4,979,174
	Other income:
	Investment income			2,062		3,255
	Loss from discontinued operations			-1,101,907		-1,373,924
	Net gain from foreclosure of discontinued operations			4,705,968		-
	Net Income (loss) from discontinued operations		$	3,604,061	$	-1,373,924
		*	All revenues and the majority of expenses were incurred through September 23, 2013, date of foreclosure. Costs of $106,463 were incurred from September 24, 2013 through December 31, 2013 in connection with closing costs associated with the foreclosure.
			December 31,
			2013		2012
	Assets related to discontinued operations:
	Land		$	-	$	1,905,985
	Buildings			-		13,829,390
	Furniture and equipment			-		6,375
	Less: accumulated depreciation			-		-2,087,424
	Net real estate			-		13,654,326
	Other assets			45,793		544,480
	Total assets related to discontinued operations		$	45,793	$	14,198,806
	Liabilities related to discontinued operations:
	Mortgage debt		$	-	$	14,009,797
	Mortgage related interest and fees			-		3,287,507
	Other liabilities			48,368		546,185
	Total liabilities related to discontinued operations		$	48,368	$	17,843,489

Mortgage_Debt

Mortgage Debt	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	5	Mortgage Debt
	On September 23, 2013, U.S. Bank National Association, as trustee, as successor-in-interest to Bank of America, National Association, as trustee for the Registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 1998-C1, acting by and through Berkadia Commercial Mortgage LLC in its capacity as special servicer pursuant to the pooling and servicing agreement dated October 11, 1998 took possession of the Hato Rey Center property pursuant to the foreclosure judgment. We have been advised that the foreclosure sale price was less than the amount of the judgment. In connection with the foreclosure action we recorded a net gain of $4,705,968 on the foreclosure of the Hato Rey Center. We have reported the Hato Rey property since March 31, 2012 as a discontinued operation. At December 31, 2012, the principal balance on the mortgage was $14,009,797.
	On June 8, 2012, we closed on a mortgage and line of credit for a combined total of $1,000,000 with Country Bank for Savings on the Mapletree Industrial Center. The mortgage is for $500,000 at a 5% interest rate, for a term of 5 years. Thereafter the interest will adjust monthly equal to the bank’s Prime Rate, plus 1% with an interest rate floor of 5%, for a term of 15 years. We received $459,620 of net proceeds. The outstanding balance of December 31, 2013 and 2012 was $465,309 and $488,748, respectively. The line of credit is for $500,000, with an interest rate of 1% over the bank’s Prime Rate (3.25% at December 31, 2013). The balance outstanding at December 31, 2013 and 2012 was $500,000 and $0.00, respectively. The line of credit is due on demand. Both the mortgage and the line of credit are secured by the Mapletree Industrial Center, in Palmer, Massachusetts.

Hato_Rey_Partnership

Hato Rey Partnership	12 Months Ended
	Dec. 31, 2013
Noncontrolling Interest [Abstract]	'
Noncontrolling Interest Disclosure [Text Block]	'
	6	Hato Rey Partnership
	PDL, Inc. (a wholly owned subsidiary of Presidential) is the general partner of the Hato Rey Partnership. Presidential and PDL, Inc. have an aggregate 60% general and limited partner interest in the Hato Rey Partnership. The Company exercised effective control over the partnership through its ability to manage the affairs of the partnership in the ordinary course of business. Accordingly, the Company consolidates the Hato Rey Partnership in the accompanying consolidated financial statements. From March 2012 through September 23, 2013 (date of foreclosure), the Company had reported the partnership as a discontinued operation.
	The Company advanced $2,670,000 to the partnership to be used for building improvements and for operations. The loan, which was advanced to the partnership, as needed, earned interest at the rate of 13% per annum, with interest and principal to be paid out of the positive cash flow from the property or upon a refinancing of the First Mortgage on the property. On November 12, 2013 we contributed the entire loan balance of $2,670,000 and accrued interest of $1,614,941 to the Hato Rey Partnership.

Income_Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2013
Income Tax Disclosure [Abstract]	'
Income Tax Disclosure [Text Block]	'
	7	Income Taxes
	Presidential has elected to qualify as a Real Estate Investment Trust under the Internal Revenue Code. A REIT which distributes at least 90% of its real estate investment trust taxable income to its shareholders each year by the end of the following year and which meets certain other conditions will not be taxed on that portion of its taxable income which is distributed to its shareholders.
	ASC 740 prescribes a more likely than not recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken. If the Company’s tax position in relation to a transaction was not likely to be upheld, the Company would be required to record the accrual for the tax and interest thereon. As of December 31, 2013, the tax years that remain open to examination by the federal, state and local taxing authorities are the 2010 – 2012 tax years and the Company was not required to accrue any liability for those tax years.
	The Company has accumulated a net operating loss carry forward of approximately $19,000,000 expiring from 2028 through 2032.
	For the year ended December 31, 2012, the Company had a tax loss of approximately $1,400,000 ($.38 per share), which was all ordinary losses.
	For the year ended December 31, 2013, the Company had taxable income of approximately $2,600,000 ($.71 per share), which is comprised of ordinary income of approximately $1,900,000 ($.52 per share) and a capital gain of approximately $700,000 ($.19 per share).
	As previously stated, in order to maintain REIT status, Presidential is required to distribute 90% of its REIT taxable income (exclusive of capital gains). As a result of the operating loss carry forward applied against 2013 income, there is no requirement to make a distribution in 2014. In addition, no provision for federal income taxes was required at December 31, 2013 and 2012.

Commitments_Contingencies_and_

Commitments, Contingencies and Related Parties	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
		8	Commitments, Contingencies and Related parties
		A.	Commitments and Contingencies
		1)	Presidential is not a party to any material legal proceedings. The Company may from time to time be a party to routine litigation incidental to the ordinary course of its business.
		2)	In the opinion of management, the Company’s Mapletree property is adequately covered by insurance in accordance with normal insurance practices.
		3)	A judgment of foreclosure was granted against PDL, Inc. & Associates, Limited Co-Partnership against the Hato Rey property in Puerto Rico. On September 23, 2013, U.S. Bank National Association, as trustee, as successor-in-interest to Bank of America, National Association, as trustee for the Registered Holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 1998-C1, acting by and through Berkadia Commercial Mortgage LLC in its capacity as special servicer pursuant to the pooling and servicing agreement dated October 11, 1998 took possession of the Hato Rey property pursuant to the foreclosure judgment. We have been advised that the foreclosure sale price was less than the amount of the judgment. We have reported the Hato Rey property since March 31, 2012 as a discontinued operation.
	On December 18, 2013, GS II SERIES 1998 C-1 HOME MORTGAGE PLAZA HATO REY LLC, (hereinafter “GS II”), a Delaware corporation, represented herein by U.S. Bank National Association, as Successor Trustee, successor-in-interest to Bank of America, N.A. (successor-by-merger to LaSalle National Bank Association, f/k/a LaSalle National Bank), as Trustee for the Registered Certificate-holders of GS Mortgage Securities Corporation II, Commercial Mortgage Pass-Through Certificates, Series 1998-C1, its  Sole Member, represented in turn by Key Bank National Association, and Presidential Realty Corporation, entered into a Settlement and Release Agreement. Pursuant to the Settlement Agreement, GS II, the owner of the claims in the litigation and under the guarantees, PDL, Inc. and Presidential released each other and their respective officers, directors and affiliates from any claims each may have against the other, including any liability under the litigation and the guarantees. GS II also agreed to release the other guarantors from any claims GS II may have against those guarantors, including any liability under the litigation and the guarantees. GS II agreed to terminate the action against the guarantors, with prejudice, and in turn, Presidential Realty Corporation made a one-time payment of $200,000 to GS II.
		B.	Related Parties
		1)	Executive Employment Agreements
		a.	Nickolas W. Jekogian—On November 8, 2011, we entered into an employment agreement with Mr. Jekogian pursuant to which we employ Mr. Jekogian as a Director, Chairman of the Board of Directors and Chief Executive Officer. The employment agreement has a term of eighteen months and may be terminated at any time by the Board of Directors for “cause” or by Mr. Jekogian for “good reason,” each as defined in the employment agreement. Mr. Jekogian receives a base salary of $225,000 per annum. Commencing with our fiscal year beginning January 1, 2012 and for each fiscal year thereafter during the term of the employment agreement, Mr. Jekogian will have the opportunity to earn a bonus of up to $200,000, with the amount determined by the Compensation Committee in its absolute discretion. However, the payment of the bonus and base salary will be deferred until a “Capital Event” occurs, which is defined as the receipt by the Company of at least $20,000,000 in cash or property from capital raising activities.
	Mr. Jekogian will not be exclusive to the Company. He will continue to own and operate Signature. As a result, Mr. Jekogian may be subject to conflicts of interest. The independent directors of the Board will review all transactions between the Company and Signature and the activities of Mr. Jekogian.
	On November 8, 2011, we also entered into a stock option agreement with Mr. Jekogian. Subject to the terms and conditions set forth in the option agreement, the Company granted to Mr. Jekogian the right and option to purchase 370,000 shares of our Class B common stock at a price of $1.25 per share, of which 74,000 shares may be purchased six months after the grant date, 148,000 shares may be purchased upon and after the occurrence of the Capital Event, and the rest may be purchased upon and after the consummation of an underwritten registered public offering of our common stock with gross proceeds of not less than $40,000,000. However, if there is a “Change of Control,” as defined in the option agreement, the option automatically becomes fully vested and exercisable. The option is not a qualified option within the meaning of the Internal Revenue Code of 1986 nor was it granted pursuant to any stock option plan as the Company does not have a stock option plan in effect. The option has a term of ten years.
	On January 8, 2014, subsequent to year-end, the Company and Mr. Jekogian entered into an amendment to this employment agreement. Refer to Note 15.
		b.	Alexander Ludwig—On November 8, 2011, we entered into an employment agreement with Mr. Ludwig pursuant to which we employ Mr. Ludwig as President and Chief Operating Officer. The employment agreement has a term of eighteen months and may be terminated at any time by the Board of Directors for “cause” or by Mr. Ludwig for “good reason,” each as defined in the employment agreement. Mr. Ludwig receives a base salary of $225,000 per annum. Commencing with our fiscal year beginning January 1, 2012 and for each fiscal year thereafter during the term of the employment agreement, Mr. Ludwig will have the opportunity to earn a bonus of up to $200,000, with the amount determined by the Compensation Committee in its absolute discretion.
	Mr. Ludwig will continue to provide consulting services to and receive compensation from Signature. As a result, Mr. Ludwig may be subject to conflicts of interest. Mr. Ludwig has agreed to keep the independent directors of the Board advised of his activities for and compensation from Signature.
	On November 8, 2011, we also entered into a stock option agreement with Mr. Ludwig. Subject to the terms and conditions set forth in the option agreement, the Company granted to Mr. Ludwig the right and option to purchase 370,000 shares of our Class B common stock at a price of $1.25 per share, of which 74,000 shares may be purchased six months after the grant date, 148,000 shares may be purchased upon and after the occurrence of the Capital Event, and the rest may be purchased upon and after the consummation of an underwritten registered public offering of our common stock with gross proceeds of not less than $40,000,000. However, if there is a “Change of Control,” as defined in the option agreement, the option automatically becomes fully vested and exercisable. The option is not a qualified option within the meaning of the Internal Revenue Code of 1986 nor was it granted pursuant to any stock option plan as the Company does not have a stock option plan in effect. The option has a term of ten years.
	On January 8, 2014, subsequent to year-end, the Company and Mr. Ludwig entered into an amendment to this employment agreement. Refer to Note 15.
		2)	Other liabilities
	Included in other liabilities is $593,750 owed to former officers of the Company in connection with their amended employment agreements. These amounts are payable November 8, 2014.
		C.	Property Management Agreement
	On November 8, 2011, the Company and Signature entered into a Property Management Agreement pursuant to which the Company retained Signature as the exclusive managing and leasing agent for the Company’s Mapletree Industrial Center property in Palmer, Massachusetts (the “Mapletree Property”). Signature manages the Mapletree Property in accordance with specific management guidelines and leasing guidelines and meets specific reporting requirements and vendor insurance requirements. Signature receives compensation of 5% of monthly rental income actually received from tenants at the Mapletree Property. The Company reimburses Signature for all reasonable expenses incurred by Signature in performance of its duties under the Property Management Agreement that are either in accordance with the annual budget or which have been approved in writing by the Company. Such expense shall include, but not be limited to, Signature’s costs of the salaries, benefits and appropriate and prudent training for Signature’s employees who are engaged solely in management or operation of the Mapletree Property, but excluding certain expenses that will be borne by Signature, as specified in the Property Management Agreement. The property Management Agreement renewed for a one year term on November 8, 2013 and will be automatically renewable for one year terms until it is terminated by either party upon written notice. The Company paid management fees of approximately $27,000 for the years ended December 31, 2013 and 2012.
		D.	Asset Management Agreement
	On November 8, 2011, the Company entered into an Asset Management Agreement with Signature pursuant to which the Company engaged Signature to oversee the Mapletree property and our Hato Rey center in Hato Rey, Puerto Rico. Signature’s duties include leasing, marketing and advertising, financing, construction and dispositions of the properties. Signature will receive a construction fee for any major renovations or capital projects, subject to the approval of our Board of Directors, an asset management fee of 1.5% of the monthly gross rental revenues collected for the properties, a finance fee of 1% on any debt placement, and a disposition fee of 1% on the sale of any assets, as specified in the Asset Management Agreement. The Asset Management Agreement renewed for a one year term on November 8, 2013 and will be automatically renewable for one year terms until it is terminated by either party upon written notice. On September 8, 2013 the Asset Management fee associated with the Hato Rey Center was terminated due to the foreclosure and loss of the property. No additional fees are due for the Hato Rey Center. The Company paid asset management fees of approximately $51,000 and $57,000 for the years ended December 31, 2013 and 2012, respectively.
		E.	Sublease
	The Company subleases their executive office space under a month to month lease with Signature for a monthly rental payment of $433 or $5,200 per year. Either party may terminate the sublease upon 30 days prior written notice. On July 1, 2013 the Company moved their executive offices and amended its lease agreement with Signature for a monthly rental payment of $1,100 or $13,200 per year. All other terms of the sublease remained the same. For the years ended December 31, 2013 and 2012 the Company incurred approximately $9,099 and $5,196, respectively, in rent expense.

Concentration_of_Credit_Risk

Concentration of Credit Risk	12 Months Ended
	Dec. 31, 2013
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
		9	Concentration of Credit Risk
	Financial instruments, which potentially subject the Company to concentrations of credit risk, consist principally of its mortgage portfolio and cash.
	The Company generally maintains its cash in money market funds with financial institutions. Although the Company may maintain balances at these institutions in excess of the FDIC insurance limit, the Company does not anticipate and has not experienced any losses.

Common_Stock

Common Stock	12 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Stockholders Equity Note Disclosure [Text Block]	'
	10	Common Stock
	The Class A and Class B common stock of Presidential have identical rights except that the holders of Class A common stock are entitled to elect two-thirds of the Board of Directors and the holders of the Class B common stock are entitled to elect one-third of the Board of Directors.
	Other than as described in Note 11, no shares of common stock of Presidential are reserved.

Stock_Compensation

Stock Compensation	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Disclosure Of Stock Compensation [Text Block]	'
	11	Stock Compensation
	On August 15, 2012 the stockholders approved the 2012 Incentive Plan which reserves 1,000,000 shares of Class B common stock for distribution to executive officers (including executive officers who are also directors), employees, directors, independent agents, consultants and attorneys in accordance with the 2012 Plan’s terms. The 2012 Plan provides for the grant of any or all of the following types of awards (collectively, “Awards”): (a) stock options and (b) restricted stock. Awards may be granted singly, in combination, or in tandem, as determined by the Compensation Committee. The maximum number of shares of Class B common stock with respect to which incentive stock options may be granted to any one individual in any calendar year shall not exceed $100,000 in fair market value as determined at the time of grant. If any outstanding Award is canceled, forfeited, delivered to us as payment for the exercise price or surrendered to us for tax withholding purposes, shares of Class B common stock allocable to such Award may again be available for Awards under the 2012 Incentive Plan.
	On December 31, 2012, the Company issued 10,000 shares of Class B common stock for services which were valued at $1,800.
	In 2005, shareholders approved the adoption of the Company’s 2005 Restricted Stock Plan (the “2005 Plan”). The 2005 Plan provides that a total of 115,000 shares of the Company’s Class B common stock may be issued to employees, directors and consultants of the Company, to provide incentive compensation. The 2005 Plan is administered by the Compensation and Pension Committees of the Company’s Board of Directors, which have the authority, among other things, to determine the terms and conditions of any award under the 2005 Plan (including the vesting schedule applicable to the award, if any). The Board of Directors may at any time amend,
	suspend or terminate the 2005 Plan. The 2005 Plan will terminate on June 15, 2015, unless terminated earlier by the Board of Directors.
	In August 2012, the Company issued 4,000 shares of Class B common stock as part of the directors’ compensation which was valued at $2,800.
	In December 2013, the Company issued 4,000 shares of Class B common stock as part of the directors’ compensation which was valued at $200.
	The following is a summary of the Company’s activity for the 2005 Plan in 2013 and 2012:
	Date of Issuance		Shares	Value at	Vested
			Issued	Date of	Shares
				Grant
	Balance December 31, 2011		19,100	-	19,100
	Activity for 2012
	Shares issued in 2012		4,000	0.7	4,000
	Balance, December 31, 2012		23,100		23,100
	Activity for 2013
	Shares issued in 2013		4,000	0.05	4,000
	Balance, December 31, 2013		27,100		27,100

Stock_Options

Stock Options	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Stock Options [Text Block]	'
		12	Stock Options
	On November 8, 2011, the Company issued 740,000 options at an exercise price of $1.25. A total of 148,000 shares vest six months after the grant date. The aggregate intrinsic value was $0.00. The remaining options vest upon the achievement of performance milestones. Options vesting on the achievement of performance milestones will not be recognized as compensation until such milestones are deemed probable of achievement. The Company has approximately $592,000 of unrecognized compensation expense respectively, related to unvested share-based compensation awards. For the years ended December 31, 2013 and 2012 compensation expense was $0 and $98,667, respectively. Approximately $592,000 will vest upon the achievement of performance milestones.
	The weighted-average fair value per share of the options granted is $1.00 estimated on the date of grant using the Black-Scholes-Merton option pricing model; the expected volatility is based upon historical volatility of the Company’s stock. The expected term is based upon observation of actual time elapsed between date of grant and exercise of options for all employees.

Estimated_Fair_Value_of_Financ

Estimated Fair Value of Financial Instruments	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value Disclosures [Text Block]	'
	13	Estimated Fair Value of Financial Instruments
	Estimated fair values of the Company’s financial instruments as of December 31, 2013 and 2012 were determined using available market information and various valuation estimation methodologies. Considerable judgment was required to interpret the effects on fair value of such items as future expected loss experience, current economic conditions, risk characteristics of various financial instruments and other factors. The estimates presented herein are not necessarily indicative of the amounts that the Company could realize in a current market exchange. Also, the use of different market assumptions and/or estimation methodologies may have a material effect on the estimated fair values.
				December 31, 2013				December 31, 2012
				(Amounts in thousands)				(Amounts in thousands)
				Net Carrying		Estimated		Net Carrying		Estimated
				Value (1)		Fair Value		Value (1)		Fair Value
	Assets:
	Cash		$	477	$	477	$	853	$	853
	Notes Receivable			2		2		14		14
	Liabilities:
	Mortgage payable			465		465		489		489
	Line of Credit			500		500		-		-
	(1) Net carrying value is net of valuation reserves and discounts where applicable.
	The fair value estimates presented above were based on pertinent information available to management as of December 31, 2013 and 2012.
	Fair value methods and assumptions were as follows:
	Cash – The estimated fair value approximated carrying value, due to the short maturity of these investments.
	Notes Receivable – The fair value of notes receivable was estimated by discounting projected cash flows using current rates for similar notes receivable.
	Mortgage Debt – The fair value of mortgage debt was estimated by discounting projected cash flows using current rates for similar debt.

Future_Minimum_Annual_Base_Ren

Future Minimum Annual Base Rents	12 Months Ended
	Dec. 31, 2013
Future Minimum Annual Base Rents [Abstract]	'
Future Minimum Annual Base Rents [Text Block]	'
		14	Future Minimum Annual Base Rents
	Future minimum annual base rental revenue for the next five years for commercial real estate owned at December 31, 2013, and subject to non-cancelable operating leases is as follows:
	Year Ending December 31,
	2014		$	534,346
	2015			316,198
	2016			164,911
	2017			82,736
	2018			67,611
	Thereafter			552,153
	Total		$	1,717,955

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	15	Subsequent Events
	The Company has evaluated subsequent events from the balance sheet date through the filing with the SEC. The following are material subsequent events:
	In January 2014 we issued 600,000 shares of the Company’s class B common stock to the outside board of directors for services in 2014. We also issued 15,000 shares for accounting services in 2014.
	On January 8, 2014, the Company entered into agreements with its executive officers to amend their respective employment agreements dated November 8, 2011. The terms of the amendments are as follows:
	Nickolas W. Jekogian –
	On January 8, 2014, the Company and Mr. Nicholas W. Jekogian, Chairman and Chief Executive Officer of the Company, entered into an amendment to Mr. Jekogian’s employment agreement dated November 8, 2011. The amendment provides for (i) the extension of the employment term from May 3, 2013 to December 31, 2015, (ii) continuation of Mr. Jekogian’s base salary through the balance of the term at the rate of $225,000 per annum (subject to the continued deferral of the payment of the base salary until a Capital Event), (iii) removal of the $200,000 cap on the amount of any annual bonus that might be awarded Mr. Jekogian, (iv) the issuance to Mr. Jekogian of a “Warrant” (as described below) to purchase 1,700,000 shares of the Company’s Class B Common Stock in exchange for the complete cancellation of $425,000 of the deferred compensation accrued under Mr. Jekogian’s employment agreement, (v) the issuance of a “Transaction Warrant” (as described below) to Mr. Jekogian upon the occurrence of a Capital Event, and (vi) an increase in severance benefits from three months to six months in the event of a termination of Mr. Jekogian’s employment following a change of control or a termination for “good reason” as defined in the employment agreement. The payment of any bonus and base salary will continue to be deferred until a “Capital Event” occurs, which is defined as the receipt by the Company of at least $20,000,000 in cash or property from capital-raising activities.
	The Transaction Warrant is a warrant to purchase shares of the Company’s Class B Common Stock to be issued to Mr. Jekogian upon the closing of each acquisition transaction by the Company of cash or property (including capital commitments for the purchase of assets). A copy of the form of Transaction Warrant is annexed as an Exhibit to the amendment to Mr. Jekogian’s employment agreement. Each Transaction Warrant, when issued, will entitle Mr. Jekogian to purchase the number of shares of Class B Common Stock determined by multiplying the total value of the transaction for which the Transaction Warrant is being issued times 4.75% and dividing the amount thereby obtained by the “Transaction Price”. The exercise price of the Transaction Warrant will be the Transaction Price. The Transaction Price is the price at which owners of assets or third party investors providing capital or capital commitments have the right to acquire or are issued shares of Class B Common Stock (a) in exchange for interests in real estate assets or (b) in exchange for interests or investments in operating partnerships or other vehicles in which the Company has an interest and which own or are acquiring real estate assets or (c) in exchange for providing capital and/or capital commitments. Each Transaction Warrant will become exercisable six months after issuance. The Transaction Warrant will not be exercisable for any shares that would be deemed “Excess Shares” as that term is defined in the Company’s certificate of incorporation. Mr. Jekogian agreed not to exercise or attempt to exercise any Transaction Warrant for a number of shares which, when taken together with his other ownership of the Company’s securities, would result in the issuance of any Excess Shares. The Transaction Warrant contains a cashless exercise feature. The Transaction Warrant also contains registration rights which permit Mr. Jekogian to demand one resale registration statement on Form S-3 at any time six months following the completion of a registered offering by the Company and unlimited piggyback registration rights, subject to customary cutbacks.
	As provided in the amendment to Mr. Jekogian’s employment agreement, on January 8, 2014 the Company issued to Mr. Jekogian a Warrant to purchase 1,700,000 shares of the Company’s Class B Common Stock in exchange for the complete cancellation of $425,000 of the deferred compensation accrued under Mr. Jekogian’s employment agreement. The Warrant becomes exercisable only upon the expiration of six (6) months from the date of the Company’s consummation of a Capital Event and will expire five and one half years following the date it first becomes exercisable. The Warrant will also terminate if Mr. Jekogian terminates his employment and/or resigns as a director of the Company without “Good Reason” or without the consent of the Company prior to the date the Warrant becomes exercisable. The Company’s certificate of incorporation contains limitations on the ownership of shares of the Company’s common stock. Those restrictions limit, among other things, any person from owning more than 9.2% of the Company’s outstanding common stock as more particularly set forth in the Company’s certificate of incorporation. The Warrant is not exercisable for any shares that would be deemed “Excess Shares” as that term is defined in the certificate of incorporation. Mr. Jekogian agreed not to exercise or attempt to exercise the Warrant for a number of shares which, when taken together with his other ownership of the Company’s securities, would result in the issuance of any Excess Shares. The Warrant contains a cashless exercise feature. The Warrant also contains registration rights which permit Mr. Jekogian to demand one resale registration statement on Form S-3 at any time six months following the completion of a registered offering by the Company and unlimited piggyback registration rights, subject to customary cutbacks.
	Alexander Ludwig –
	On January 8, 2014, the Company and Mr. Alexander Ludwig, a Director, President, Chief Operating Officer and Principal Financial Officer of the Company entered into an amendment to Mr. Ludwig’s employment agreement dated November 8, 2011. The amendment provides for (i) the extension of the employment term from May 3, 2013 to December 31, 2015, (ii) continuation of Mr. Ludwig’s base salary through the balance of the term at the rate of $225,000 per annum, (iii) removal of the $200,000 cap on the amount of any annual bonus that might be awarded Mr. Ludwig, (iv) the issuance of a “Transaction Warrant” to Mr. Ludwig upon the occurrence of a Capital Event, and (v) an increase in severance benefits from three months to six months in the event of a termination of Mr. Ludwig’s employment following a change of control or a termination for “good reason” as defined in the employment agreement.
	The Transaction Warrant is a warrant to purchase shares of the Company’s Class B Common Stock to be issued to Mr. Ludwig upon the closing of each acquisition transaction by the Company of cash or property (including capital commitments for the purchase of assets). A copy of the form of Transaction Warrant is annexed as an Exhibit to the amendment to Mr. Ludwig’s employment agreement. The Transaction Warrant, when issued, would entitle Mr. Ludwig to purchase the number of shares of Class B Common Stock determined by multiplying the total value of the transaction for which the Transaction Warrant is being issued times 4.75% and dividing the amount thereby obtained by the “Transaction Price”. The exercise price of the Transaction Warrant will be the Transaction Price. The “Transaction Price is the price per share at which owners of assets or third party investors providing capital or capital commitments have the right to acquire or are issued shares of Class B Common Stock (a) in exchange for their interests in real estate assets or in exchange for their interests or investments in operating partnerships or other vehicles in which the Company has an interest and which vehicles own or are acquiring real estate assets or (b) in exchange for providing capital and/or capital commitments. Each Transaction Warrant will become exercisable six months after issuance. The Transaction Warrant will not be exercisable for any shares that would be deemed “Excess Shares” as that term is defined in the Company’s certificate of incorporation. Mr. Ludwig agreed not to exercise or attempt to exercise the Transaction Warrant for a number of shares which, when taken together with his other ownership of the Company’s securities, would result in the issuance of any Excess Shares. The Transaction Warrant contains a cashless exercise feature. The Transaction Warrant also contains registration rights which permit Mr. Ludwig to demand one resale registration statement on Form S-3 at any time six months following the completion of a registered offering by the Company and unlimited piggyback registration rights, subject to customary cutbacks.

Organization_and_Summary_of_Si1

Organization and Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization and Description Of Business Accounting [Policy Text Block]	'
	Organization
	Presidential Realty Corporation (“Presidential” or the “Company”), is operated as a self-administrated, self-managed Real Estate Investment Trust (“REIT”). The Company is engaged principally in the ownership of income producing real estate. Presidential operates in a single business segment, investments in real estate related assets.
Basis Of Presentation and Going Concern Considerations [Policy Text Block]	'
	Basis of Presentation and Going Concern Considerations
	At December 31, 2013, the Company had a loss from continuing operations. This combined with a history of operating losses and working capital deficiency, has been detrimental to our operations and could potentially affect our ability to meet our obligations and continue as a going concern. Our ability to continue as a going concern is dependent upon the successful execution of our business plan to achieve profitability, and to increase working capital, raising debt and/or equity. The accompanying financial statements do not include any adjustments that may result from this uncertainty.
	The financial statements have been prepared in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and the requirements of the Securities and Exchange Commission (“SEC”). The financial statements include all normal and recurring adjustments that are necessary for a fair presentation of the Company’s financial position and operating results.
Real Estate, Policy [Policy Text Block]	'
	Real Estate
	Real estate is stated at cost. Generally, depreciation is provided on the straight-line method over the assets estimated useful lives, which range from twenty to thirty-nine years for buildings and improvements and from three to ten years for furniture and equipment. Maintenance and repairs are charged to operations as incurred and renewals and replacements are capitalized. The Company reviews each of its property investments for possible impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. Impairment of properties is determined to exist when estimated amounts recoverable through future operations on an undiscounted basis are below the properties carrying value. If a property is determined to be impaired, it is written down to its estimated fair value.
Mortgage Portfolio [Policy Text Block]	'
	Mortgage Portfolio
	Net mortgage portfolio represents the outstanding principal amounts of notes receivable reduced by discounts. The primary forms of collateral on all notes receivable are real estate and ownership interests in entities that own real property, and may include borrower personal guarantees. The Company periodically evaluates the collectability of both accrued interest on and principal of its notes receivable to determine whether they are impaired. A mortgage loan is considered to be impaired when, based on current information and events, it is probable that the Company will be unable to collect all amounts due according to the existing contractual terms of the loan. The Company also considers loan modifications as possible indicators of impairment. When a mortgage loan is considered to be impaired, the Company establishes a valuation allowance equal to the difference between a) the carrying value of the loan, and b) the present value of the expected cash flows from the loan at its effective interest rate, or at the estimated fair value of the real estate collateralizing the loan. Income on impaired loans, including interest, and the recognition of deferred gains and unamortized discounts, is recognized only as cash is received.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	'
	Sale of Real Estate
	Presidential follows the guidance of the Property, Plant and Equipment Topic of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) as it pertains to sales of real estate. Accordingly, the gains on certain transactions were deferred and were recognized on the installment method until such transactions complied with the criteria for full profit recognition. At December 31, 2013 and 2012, the Company had no deferred gains.
Discounts On Notes Receivable [Policy Text Block]	'
	Discounts on Notes Receivable
	Presidential assigned discounted values to long-term notes received from the sales of properties to reflect the difference between the stated interest rates on the notes and market interest rates at the time the notes were made. Such discounts are being amortized using the interest method.
Consolidation, Policy [Policy Text Block]	'
	Principles of Consolidation
	The consolidated financial statements include the accounts of Presidential Realty Corporation and its wholly owned subsidiaries. Additionally, the consolidated financial statements include 100% of the account balances of PDL, Inc. and Associates Limited Co-Partnership (the “Hato Rey Partnership”). PDL, Inc. (a wholly owned subsidiary of Presidential and the general partner of the Hato Rey Partnership) and Presidential own an aggregate 60% general and limited partnership interest in the Hato Rey Partnership. These partnerships are being reported as discontinued operations (see Note 4). All significant intercompany balances and transactions have been eliminated.
Equity Method Investments, Policy [Policy Text Block]	'
	Investments in Joint Ventures
	The Company had an equity investment in a joint venture and accounted for the investment using the equity method of accounting. The investment was recorded at cost and adjusted for the Company’s share of each entity’s income or loss and adjusted for cash contributions or distributions. Real estate held by such entity was reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable, and would be written down to its estimated fair value if an impairment was determined to exist (see Note 3).
Revenue Recognition Leases, Operating [Policy Text Block]	'
	Rental Revenue Recognition
	The Company acts as lessor under operating leases. Rental revenue is recorded on the straight-line basis from the later of the date of the commencement of the lease or the date of acquisition of the property subject to existing leases, which averages minimum rents over the terms of the leases. Certain leases require the tenants to reimburse a pro rata share of real estate taxes, utilities and maintenance costs. Recognition of rental revenue is generally discontinued when the rental is delinquent for ninety days or more, or earlier if management determines that collection is doubtful.
Reclassification, Policy [Policy Text Block]	'
	Reclassifications
	Certain items in the December 31, 2012 consolidated financial statements and notes have been reclassified to conform to the December 31, 2013 presentation.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	'
	Allowance for Doubtful Accounts
	The Company assesses the collectability of amounts due from tenants and other receivables, using indicators such as past-due accounts, the nature and age of the receivable, the payment history and the ability of the tenant or debtor to meet its payment obligations. Management’s estimate of allowances for doubtful accounts is subject to revision as these factors change. Rental revenue is recorded on the accrual method and rental revenue recognition is generally discontinued when the tenant in occupancy is delinquent for ninety days or more. Bad debt expense is charged for vacated tenant accounts and subsequent receipts collected for those receivables will reduce bad debt expense. For the years ended December 31, 2013 and 2012, bad debt expense for continuing operations relating to tenant obligations was $5,485 and $7,506, respectively.
Earnings Per Share, Policy [Policy Text Block]	'
	Net Income (Loss) Per Share
	Basic net income (loss) per share data is computed by dividing net income (loss) by the weighted average number of shares of Class A and Class B common stock outstanding (excluding non-vested shares) during each year. Diluted net income per share is computed by dividing net income by the weighted average shares outstanding, including the dilutive effect, if any, of non-vested shares. For the years ended December 31, 2013 and 2012, the weighted average shares outstanding as used in the calculation of diluted loss per share do not include 740,000, of outstanding stock options, as their inclusion would be antidilutive.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	Cash
	Cash includes cash on hand, cash in banks and cash in money market funds.
Use of Estimates, Policy [Policy Text Block]	'
	Management Estimates
	The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America. In preparing the consolidated financial statements, management is required to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities as of the date of the consolidated balance sheets and the reported amounts of income and expense for the reporting period. Actual results could differ from those estimates.
Share-based Compensation, Option and Incentive Plans Policy [Policy Text Block]	'
	Accounting for Stock Awards
	The Company follows the guidance of ASC Topic 718 in accounting for stock-based compensation. Shares of Class B common stock granted are fully vested upon the grant date. The Company recorded the market value of the grants that were earned and vested in 2013 and 2012 to expense in each year.
Discontinued Operations, Policy [Policy Text Block]	'
	Discontinued Operations
	The Company follows the guidance of the Presentation and Property, Plant, and Equipment Topics of the ASC, with respect to long-lived assets classified as held for sale. The ASC requires that the results of operations, including impairment, gains and losses related to the properties that have been sold or properties that are intended to be sold, be presented as discontinued operations in the statements of operations for all periods presented and the assets and liabilities of properties intended to be sold are to be separately classified on the balance sheet. Properties designated as held for sale are carried at the lower of cost or fair value less costs to sell and are not depreciated.
Income Tax Uncertainties, Policy [Policy Text Block]	'
	Accounting for Uncertainty in Income Taxes
	The Company follows the guidance of the recognition of current and deferred income tax accounts, including accrued interest and penalties, in accordance with ASC 740-10-25. Under this guidance, if the Company’s tax positions in relation to certain transactions were examined and were not ultimately upheld, the Company would be required to pay an income tax assessment and related interest. Alternatively, the Company could elect to pay a deficiency dividend to its shareholders in order to continue to qualify as a REIT and the related interest assessment to the taxing authorities.
New Accounting Pronouncements, Policy [Policy Text Block]	'
	Recent Accounting Pronouncements
	The Company has considered all new accounting pronouncements and has concluded that there are no new pronouncements that may have a material impact on results of operations, financial condition or cash flows based on current information.

Real_Estate_Tables

Real Estate (Tables)	12 Months Ended
	Dec. 31, 2013
Real Estate [Abstract]	'
Schedule of Real Estate Properties [Table Text Block]	'
	Real estate is comprised of the following:
		2013		2012
	Land	$	79,100	$	79,100
	Buildings		987,689		982,408
	Furniture and equipment		50,026		50,026
	Total	$	1,116,815	$	1,111,534

Discontinued_Operations_Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2013
Discontinued Operations and Disposal Groups [Abstract]	'
Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]	'
	The following table summarizes for the property discontinued:
			Year Ended December 31,
			2013*		2012
	Revenues:
	Rental		$	2,656,689	$	3,601,995
	General and administrative expenes			-		5,733
	Rental property expenses:
	Operating			1,850,580		2,442,675
	Interest on mortgage debt			1,673,956		2,212,340
	Real estate taxes			236,122		314,970
	Amortization of in-place lease values and mortgage costs			-		3,456
	Total rental property expense			3,760,658		4,979,174
	Other income:
	Investment income			2,062		3,255
	Loss from discontinued operations			-1,101,907		-1,373,924
	Net gain from foreclosure of discontinued operations			4,705,968		-
	Net Income (loss) from discontinued operations		$	3,604,061	$	-1,373,924
		*	All revenues and the majority of expenses were incurred through September 23, 2013, date of foreclosure. Costs of $106,463 were incurred from September 24, 2013 through December 31, 2013 in connection with closing costs associated with the foreclosure.
			December 31,
			2013		2012
	Assets related to discontinued operations:
	Land		$	-	$	1,905,985
	Buildings			-		13,829,390
	Furniture and equipment			-		6,375
	Less: accumulated depreciation			-		-2,087,424
	Net real estate			-		13,654,326
	Other assets			45,793		544,480
	Total assets related to discontinued operations		$	45,793	$	14,198,806
	Liabilities related to discontinued operations:
	Mortgage debt		$	-	$	14,009,797
	Mortgage related interest and fees			-		3,287,507
	Other liabilities			48,368		546,185
	Total liabilities related to discontinued operations		$	48,368	$	17,843,489

Stock_Compensation_Tables

Stock Compensation (Tables)	12 Months Ended
	Dec. 31, 2013
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]	'
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]	'
	The following is a summary of the Company’s activity for the 2005 Plan in 2013 and 2012:
	Date of Issuance	Shares	Value at	Vested
		Issued	Date of	Shares
			Grant
	Balance December 31, 2011	19,100	-	19,100
	Activity for 2012
	Shares issued in 2012	4,000	0.7	4,000
	Balance, December 31, 2012	23,100		23,100
	Activity for 2013
	Shares issued in 2013	4,000	0.05	4,000
	Balance, December 31, 2013	27,100		27,100

Estimated_Fair_Value_of_Financ1

Estimated Fair Value of Financial Instruments (Tables)	12 Months Ended
	Dec. 31, 2013
Fair Value Disclosures [Abstract]	'
Fair Value, by Balance Sheet Grouping [Table Text Block]	'
			December 31, 2013				December 31, 2012
			(Amounts in thousands)				(Amounts in thousands)
			Net Carrying		Estimated		Net Carrying		Estimated
			Value (1)		Fair Value		Value (1)		Fair Value
	Assets:
	Cash	$	477	$	477	$	853	$	853
	Notes Receivable		2		2		14		14
	Liabilities:
	Mortgage payable		465		465		489		489
	Line of Credit		500		500		-		-
	(1) Net carrying value is net of valuation reserves and discounts where applicable.

Future_Minimum_Annual_Base_Ren1

Future Minimum Annual Base Rents (Tables)	12 Months Ended
	Dec. 31, 2013
Future Minimum Annual Base Rents [Abstract]	'
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	'
	Future minimum annual base rental revenue for the next five years for commercial real estate owned at December 31, 2013, and subject to non-cancelable operating leases is as follows:
	Year Ending December 31,
	2014	$	534,346
	2015		316,198
	2016		164,911
	2017		82,736
	2018		67,611
	Thereafter		552,153
	Total	$	1,717,955

Organization_and_Summary_of_Si2

Organization and Summary of Significant Accounting Policies (Details Textual) (USD $)	1 Months Ended	12 Months Ended
	Sep. 23, 2013	Dec. 31, 2013	Dec. 31, 2012
Accounting Policies [Line Items]	'	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	60.00%	60.00%	'
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	'	740,000	740,000
Allowance For Doubtful Other Receivables, Current	'	$5,485	$7,506

Real_Estate_Details

Real Estate (Details) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Real Estate [Line Items]	'	'
Land	$79,100	$79,100
Buildings	987,689	982,408
Furniture and equipment	50,026	50,026
Total	$1,116,815	$1,111,534

Investments_in_Joint_Ventures_1

Investments in Joint Ventures and Partnerships (Details Textual) (USD $)	12 Months Ended			1 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Feb. 27, 2009
		Signature [Member]	Signature [Member]	I A T G Puerto Rico L L C [Member]
Schedule of Equity Method Investments [Line Items]	'	'	'	'
Debt Instrument, Face Amount	'	'	'	$750,000
Percentage Of IATG Ownership Transferred	'	50.00%	'	'
Write Down Of Interest In Asset	'	'	0	'
Percentage Of Additional Interest In IATG Property	'	'	'	25.00%
Consideration Description Of IATG Interest	'	'	'	'As consideration for the assignment of the IATG interests, Signature will pay to Presidential one half of any net proceeds (after Signature pays the first $25,000 of expenses) received by Signature from the asset.
Proceeds from Equity Method Investment, Dividends or Distributions	$77,642	'	'	'

Discontinued_Operations_Detail

Discontinued Operations (Details) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Revenues:	'		'
Rental	$2,656,689	[1]	$3,601,995
General and administrative expenes	0	[1]	5,733
Rental property expenses:	'		'
Operating	1,850,580	[1]	2,442,675
Interest on mortgage debt	1,673,956	[1]	2,212,340
Real estate taxes	236,122	[1]	314,970
Amortization of in-place lease values and mortgage costs	0	[1]	3,456
Total rental property expense	3,760,658	[1]	4,979,174
Other income:	'		'
Investment income	2,062	[1]	3,255
Loss from discontinued operations	-1,101,907	[1]	-1,373,924
Net gain from foreclosure of discontinued operations	4,705,968	[1]	0
Net Income (loss) from discontinued operations	3,604,061	[1]	-1,373,924
Assets related to discontinued operations:	'		'
Land	0		1,905,985
Buildings	0		13,829,390
Furniture and equipment	0		6,375
Less: accumulated depreciation	0		-2,087,424
Net real estate	0		13,654,326
Other assets	45,793		544,480
Total assets related to discontinued operations	45,793		14,198,806
Liabilities related to discontinued operations:	'		'
Mortgage debt	0		14,009,797
Mortgage related interest and fees	0		3,287,507
Other liabilities	48,368		546,185
Total liabilities related to discontinued operations	$48,368		$17,843,489
[1]	All revenues and the majority of expenses were incurred through September 23, 2013, date of foreclosure. Costs of $106,463 were incurred from September 24, 2013 through December 31, 2013 in connection with closing costs associated with the foreclosure.

Discontinued_Operations_Detail1

Discontinued Operations (Details Textual) (USD $)	3 Months Ended
	Dec. 31, 2013
Discontinued Operations [Line Items]	'
Foreclosed Real Estate Expense	$106,463

Mortgage_Debt_Details_Textual

Mortgage Debt (Details Textual) (USD $)	0 Months Ended	12 Months Ended		12 Months Ended
	Jun. 08, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2012
				Hato Ray [Member]
Mortgage Debt [Line Items]	'	'	'	'
Mortgaged Debt Recorded In Discontinued Operation	'	'	'	$14,009,797
Mortgage Loans on Real Estate, Carrying Amount of Mortgages	500,000	'	'	'
Mortgage and Line Of Credit Total	1,000,000	'	'	'
Mortgage Loans on Real Estate, Interest Rate	5.00%	'	'	'
Mortgage Debt Maturity Period	'5 years	'	'	'
Mortgage Loan Interest Rate Adjustment Description	'interest will adjust monthly equal to the bank’s Prime Rate, plus 1% with an interest rate floor of 5%, for a term of 15 years.	'	'	'
Proceeds from Sale of Mortgage Loans Held-for-sale	459,620	'	'	'
Line of Credit Facility, Amount Outstanding	500,000	500,000	0	'
Line of Credit Facility, Interest Rate Description	'with an interest rate of 1% over the bank’s Prime Rate 3.25%	'	'	'
Mortgage payable	'	465,309	488,748	'
Gain (Loss) on Sale of Debt Investments	'	$4,705,968	'	'

Hato_Rey_Partnership_Details_T

Hato Rey Partnership (Details Textual) (USD $)	1 Months Ended	12 Months Ended
	Sep. 23, 2013	Dec. 31, 2013	Nov. 12, 2013
Noncontrolling Interest [Line Items]	'	'	'
Limited Liability Company (LLC) or Limited Partnership (LP), Members or Limited Partners, Ownership Interest	60.00%	60.00%	'
Loan Provided To Partnership Firm Interest Percentage	'	13.00%	'
Loan Provided To Partnership Firm	'	$2,670,000	$2,670,000
Accrued Interest On Loan Provided To Partnership Firm Interest Percentage	'	'	$1,614,941

Income_Taxes_Details_Textual

Income Taxes (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Income Tax [Line Items]	'	'
Real Estate Investment Trust Taxable Income (Loss)	$2,600,000	'
Real Estate Investment Trust Taxable Income Loss Per Share	$0.71	($0.38)
Net Income (Loss) from Real Estate Investment Partnership, Total	1,900,000	'
Real Estate Investment Trust Ordinary Income Loss Per Share	$0.52	'
Capital Gain	700,000	'
Capital Gain Per Share	$0.19	'
Operating Loss Expiration Term	'expiring from 2028 through 2032.	'
Operating Loss Carryforwards	$19,000,000	'

Commitments_Contingencies_and_1

Commitments, Contingencies and Related Parties (Details Textual) (USD $)	1 Months Ended	0 Months Ended	12 Months Ended
	Dec. 18, 2013	Nov. 08, 2011	Dec. 31, 2013	Dec. 31, 2012
Commitments, Contingencies and Related parties [Line Items]	'	'	'	'
Operating Leases, Rent Expense, Sublease Rentals	'	'	$13,200	$5,200
Operating Leases Rent Expense Sublease Rentals Per Monthly	'	'	1,100	433
Percentage Of Monthly Rental Income From Tenant	'	5.00%	'	'
Asset Management Fees	'	'	51,000	57,000
Operating Leases, Rent Expense	'	'	9,099	5,196
Finance Fee Percentage	'	1.00%	'	'
Disposition Fee Percentage	'	1.00%	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	'	740,000	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	'	$1.25	'	'
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vested and Expected To Vest, Outstanding, Number	'	148,000	'	'
Owned Property Management Costs	'	'	27,000	27,000
Payments for Legal Settlements	200,000	'	'	'
Due to Other Related Parties	'	'	593,750	'
Asset Management Fee Percentage	'	1.50%	'	'
Chief Operating Officer [Member]	'	'	'	'
Commitments, Contingencies and Related parties [Line Items]	'	'	'	'
Base Salary	'	225,000	'	'
Bonus Amount	'	200,000	'	'
Chief Operating Officer [Member] | Common Class B [Member]	'	'	'	'
Commitments, Contingencies and Related parties [Line Items]	'	'	'	'
Minimum Amount To Be Received For Payment Of Salary And Bonus	'	40,000,000	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	'	370,000	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	'	$1.25	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	'	74,000	'	'
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vested and Expected To Vest, Outstanding, Number	'	148,000	'	'
Director, Chairman Of Board Of Directors and Chief Executive Officer [Member]	'	'	'	'
Commitments, Contingencies and Related parties [Line Items]	'	'	'	'
Base Salary	'	225,000	'	'
Bonus Amount	'	200,000	'	'
Minimum Amount To Be Received For Payment Of Salary And Bonus	'	20,000,000	'	'
Director, Chairman Of Board Of Directors and Chief Executive Officer [Member] | Common Class B [Member]	'	'	'	'
Commitments, Contingencies and Related parties [Line Items]	'	'	'	'
Minimum Amount To Be Received For Payment Of Salary And Bonus	'	$40,000,000	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	'	370,000	'	'
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price	'	$1.25	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number	'	74,000	'	'
Share-Based Compensation Arrangement By Share-Based Payment Award, Options, Vested and Expected To Vest, Outstanding, Number	'	148,000	'	'

Stock_Compensation_Details

Stock Compensation (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Value at Date of Grant	$0.05	$0.70
Issued Restricted Shares Activity [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Balance	23,100	19,100
Share issued	4,000	4,000
Balance	27,100	23,100
Vested Restricted Shares Activity [Member]	'	'
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'
Balance	23,100	19,100
Share issued	4,000	4,000
Balance	27,100	23,100

Stock_Compensation_Details_Tex

Stock Compensation (Details Textual) (USD $)	Dec. 31, 2005	Aug. 15, 2012	Dec. 31, 2013	Aug. 31, 2012	Dec. 31, 2012
	Restricted Stock Plan 2005 [Member]	Common Class B [Member]	Common Class B [Member]	Common Class B [Member]	Common Class B [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]	'	'	'	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	115,000	'	'	'	'
Common Stock, Capital Shares Reserved for Future Issuance	'	1,000,000	'	'	'
Stock Granted, Value, Share-based Compensation, Forfeited	'	$100,000	'	'	'
Stock Issued During Period, Shares, Issued for Services	'	'	4,000	4,000	10,000
Stock Issued During Period, Value, Issued for Services	'	'	$200	$2,800	$1,800

Stock_Options_Details_Textual

Stock Options (Details Textual) (USD $)	0 Months Ended	12 Months Ended
	Nov. 08, 2011	Dec. 31, 2013	Dec. 31, 2012
Stock Options [Line Items]	'	'	'
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price	$1.25	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	148,000	'	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value	$0	'	'
Employee Service Share-based Compensation, Nonvested Awards, Total Compensation Cost Not yet Recognized	'	592,000	'
Stock Based Compensation	'	0	98,667
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Number, Beginning Balance	740,000	'	'
Compensation Expense Recognition Upon Achievement Of Performance Milestones	'	$592,000	'
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	'	$1	'

Estimated_Fair_Value_of_Financ2

Estimated Fair Value of Financial Instruments (Details) (USD $)	Dec. 31, 2013		Dec. 31, 2012
In Thousands, unless otherwise specified
Carrying (Reported) Amount, Fair Value Disclosure [Member]	'		'
Assets:	'		'
Cash	$477	[1]	$853	[1]
Notes Receivable	2	[1]	14	[1]
Liabilities:	'		'
Mortgage payable	465	[1]	489	[1]
Line of Credit	500	[1]	0	[1]
Estimate of Fair Value Measurement [Member]	'		'
Assets:	'		'
Cash	477		853
Notes Receivable	2		14
Liabilities:	'		'
Mortgage payable	465		489
Line of Credit	$500		$0
[1]	Net carrying value is net of valuation reserves and discounts where applicable.

Future_Minimum_Annual_Base_Ren2

Future Minimum Annual Base Rents (Details) (USD $)	Dec. 31, 2013
Operating Leased Assets [Line Items]	'
2014	$534,346
2015	316,198
2016	164,911
2017	82,736
2018	67,611
Thereafter	552,153
Total	$1,717,955

Subsequent_Events_Details_Text

Subsequent Events (Details Textual) (Subsequent Event [Member], USD $)	1 Months Ended			1 Months Ended	0 Months Ended
	Jan. 31, 2014	Jan. 31, 2014	Jan. 08, 2014	Jan. 31, 2014	Jan. 08, 2014
		Director [Member]	Director [Member]	Director [Member]	Chairman and Chief Executive Officer [Member]
				Accounting Service [Member]
Subsequent Event [Line Items]	'	'	'	'	'
Stock Issued During Period, Shares, Issued for Services	'	600,000	'	15,000	'
Base Salary	'	'	$225,000	'	$225,000
Bonus Amount	'	'	200,000	'	200,000
Minimum Amount To Be Received For Payment Of Salary And Bonus	'	'	'	'	20,000,000
Warrants Issued For Cancellation Of Deferred Compensation	'	'	'	'	1,700,000
Warrants Issued For Cancellation Of Deferred Compensation, Value	'	'	'	'	$425,000
Transaction Warrant Value Determining Base Percentage	4.75%	'	'	'	'
Common Stock Ownership Limitation Percentage	9.20%	'	'	'	'