MARKETABLE SECURITIES - RELATED PARTY	6 Months Ended
Jun. 30, 2011
Marketable Securities Related Party Disclosure [Textblock]	NOTE 8 – MARKETABLE SECURITIES – RELATED PARTY In February 2010, the Company completed a transaction with the Company’s Chairman and majority shareholder, Christopher J. Hall, where the Company, in part, transferred to Mr. Hall 500,000 shares of Penson Worldwide, Inc. (“PWI”) (Nasdaq:PNSN) common stock valued at $4,480,000, or $8.96 per share. As of the second quarter ended June 30, 2011, the Company owned 500,922 shares of PWI common stock a market value of $1,788,292, based on a closing stock price of $3.57 per share. At December 31, 2010 the Company held 500,922 shares of PWI common stock with a market value of $2,449,509 based on a year-end closing stock price of $4.89 per share. The Company also has a margin loan payable to Penson Financial Services, Inc. (“PFSI”), a wholly owned subsidiary of Penson Worldwide, Inc., with a balance of $5,992,761 at June 30, 2011 and $5,777,021 at December 31, 2010. In exchange for the shares of PWI transferred to Mr. Hall the Company received, in part, $3,200,000 face amount of Leon County FL Educational Facilities Authority (Southgate Dormitory) Series B, 7.625% due 9/1/28 bonds, valued at $2,080,000 at the time of the exchange, or $.65/$1.00, and $2,200,000 face amount of Cambridge Student Housing Financing Revenue Series C, 9.70% due 11/1/39 bonds, valued at $1,870,000 at the time of the exchange, or $.85/$1.00. Please refer to Note 15 – Related Party Transactions in this form 10-Q for complete details of this transaction. The Company owns $133,000 face amount of the Retama Development Corporation Special Facilities Revenue bonds, Series A (“Series A Bonds”) at June 30, 2011 and December 31, 2010, which are classified as long-term. The Series A Bonds are secured by a senior lien on the Retama Park racetrack facility. The face amount of the total Series A Bonds outstanding is $6,045,000 at June 30, 2011 and December 31, 2010. On August 1, 2011 the Company was notified that it is in default on its margin account held with PFSI and that PFSI declared all of the indebtedness immediately due and payable. Additionally, PFSI notified the Company of their intention to exercise their rights and remedies as secured creditors under the margin agreement, which includes the sale of any collateral at foreclosure of any assets held as security for the margin account. The Company’s holdings in PWI common stock, Leon County FL Educational Facilities Authority (Southgate Campus Centre) Series B bonds and Cambridge Student Housing Financing Revenue Series C bonds comprise the substantially all of the collateral for this account. Please refer to Note 16 – Subsequent Events for additional disclosure concerning the liquidation of the Company’s holding of PWI common stock following the end of the fiscal quarter ended June 30, 2011. The Company owns $43,962,500 face amount of the Retama Development Corporation Special Facilities Revenue Series B (“Series B Bonds”) at June 30, 2011 and December 31, 2010. The Company’s entire position of Series B bonds have been pledged as collateral for the Promissory Note described in Note 4 – Note Payable – Related Party. The Series B Bonds are secured by the excess cash flow of the Retama Park racetrack facility that is on parity with the $400,000 loaned to the RDC in September 2010 (discussed in Note 10 ) and is subordinate to the Series A Bonds and the Funding Agreement (also discussed in Note 10 ), and a new second mortgage loan from a third party lender in the approximate amount of $968,000 in principal and $62,900 in accrued interest as of the end of the June 30, 2011 quarter. The face amount of the Series B Bonds outstanding is $86,925,000 at June 30, 2011 and December 31, 2010. The Company’s carrying value in the Series B bonds was written down to its cost basis of $1,077,463 in 2004 due to a reclassification of the position from available-for-sale to held-to-maturity and additionally written down to $0 in 2006. See further discussion in Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Retama Park Racetrack – Series B Bonds below.

MARKETABLE SECURITIES - RELATED PARTY

6 Months Ended

Jun. 30, 2011

Marketable Securities Related Party Disclosure [Textblock]

NOTE 8 – MARKETABLE SECURITIES – RELATED PARTY

In February 2010, the Company completed a transaction with the Company’s Chairman and majority shareholder, Christopher J. Hall, where the Company, in part, transferred to Mr. Hall 500,000 shares of Penson Worldwide, Inc. (“PWI”) (Nasdaq:PNSN) common stock valued at $4,480,000, or $8.96 per share. As of the second quarter ended June 30, 2011, the Company owned 500,922 shares of PWI common stock a market value of $1,788,292, based on a closing stock price of $3.57 per share. At December 31, 2010 the Company held 500,922 shares of PWI common stock with a market value of $2,449,509 based on a year-end closing stock price of $4.89 per share. The Company also has a margin loan payable to Penson Financial Services, Inc. (“PFSI”), a wholly owned subsidiary of Penson Worldwide, Inc., with a balance of $5,992,761 at June 30, 2011 and $5,777,021 at December 31, 2010.

In exchange for the shares of PWI transferred to Mr. Hall the Company received, in part, $3,200,000 face amount of Leon County FL Educational Facilities Authority (Southgate Dormitory) Series B, 7.625% due 9/1/28 bonds, valued at $2,080,000 at the time of the exchange, or $.65/$1.00, and $2,200,000 face amount of Cambridge Student Housing Financing Revenue Series C, 9.70% due 11/1/39 bonds, valued at $1,870,000 at the time of the exchange, or $.85/$1.00. Please refer to Note 15 – Related Party Transactions in this form 10-Q for complete details of this transaction.

The Company owns $133,000 face amount of the Retama Development Corporation Special Facilities Revenue bonds, Series A (“Series A Bonds”) at June 30, 2011 and December 31, 2010, which are classified as long-term. The Series A Bonds are secured by a senior lien on the Retama Park racetrack facility. The face amount of the total Series A Bonds outstanding is $6,045,000 at June 30, 2011 and December 31, 2010.

On August 1, 2011 the Company was notified that it is in default on its margin account held with PFSI and that PFSI declared all of the indebtedness immediately due and payable. Additionally, PFSI notified the Company of their intention to exercise their rights and remedies as secured creditors under the margin agreement, which includes the sale of any collateral at foreclosure of any assets held as security for the margin account. The Company’s holdings in PWI common stock, Leon County FL Educational Facilities Authority (Southgate Campus Centre) Series B bonds and Cambridge Student Housing Financing Revenue Series C bonds comprise the substantially all of the collateral for this account. Please refer to Note 16 – Subsequent Events for additional disclosure concerning the liquidation of the Company’s holding of PWI common stock following the end of the fiscal quarter ended June 30, 2011.

The Company owns $43,962,500 face amount of the Retama Development Corporation Special Facilities Revenue Series B (“Series B Bonds”) at June 30, 2011 and December 31, 2010. The Company’s entire position of Series B bonds have been pledged as collateral for the Promissory Note described in Note 4 – Note Payable – Related Party. The Series B Bonds are secured by the excess cash flow of the Retama Park racetrack facility that is on parity with the $400,000 loaned to the RDC in September 2010 (discussed in Note 10 ) and is subordinate to the Series A Bonds and the Funding Agreement (also discussed in Note 10 ), and a new second mortgage loan from a third party lender in the approximate amount of $968,000 in principal and $62,900 in accrued interest as of the end of the June 30, 2011 quarter. The face amount of the Series B Bonds outstanding is $86,925,000 at June 30, 2011 and December 31, 2010. The Company’s carrying value in the Series B bonds was written down to its cost basis of $1,077,463 in 2004 due to a reclassification of the position from available-for-sale to held-to-maturity and additionally written down to $0 in 2006. See further discussion in Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations, Retama Park Racetrack – Series B Bonds below.

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