Note 6 - Income Taxes (Details) - Summary of Temporary Differences in Deferred Tax Assets and Liabilities (USD $)
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Dec. 31, 2013
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Dec. 31, 2012
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Summary of Temporary Differences in Deferred Tax Assets and Liabilities [Abstract] | ||
Basis difference in pension plan liability | $ (69,659) | $ 311,868 |
Total deferred tax asset (liability) | (69,659) | 311,868 |
Basis differences in real estate acquired through foreclosure | 237,697 | 237,697 |
Deferred installment revenue on land sales for tax purposes | 1,366,519 | 2,348,667 |
Total deferred tax liability | 1,604,216 | 2,586,364 |
Net deferred tax liability | $ 1,673,875 | $ 2,274,496 |
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- Definition
Deferred installment revenue on land sales for tax purposes No definition available.
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- Details
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards, net of deferred tax liability attributable to taxable temporary differences. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences from pension benefits. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of deferred tax liability attributable to taxable temporary differences net of deferred tax asset attributable to deductible temporary differences and carryforwards after valuation allowances. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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X | ||||||||||
- Definition
Amount of deferred tax liability attributable to taxable temporary differences not separately disclosed. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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