Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) (USD $)
 3 Months Ended
Mar. 31, 2013
Mar. 31, 2012
Cash flows from operating activities:    
Net income $ 4,137,844 $ 5,938,255
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (104,736) (99,356)
Depreciation and amortization 4,095 3,021
Changes in operating assets and liabilities:    
Accrued receivables and other assets (497,861) 669,122
Prepaid income taxes 416,882  
Notes receivable for land sales 332,356 306,217
Accounts payable, accrued expenses and other liabilities (296,434) (70,468)
Income taxes payable 1,403,493 1,821,941
Net cash provided by operating activities 5,395,639 8,568,732
Cash flows from investing activities:    
Purchase of fixed assets   (24,697)
Net cash used in investing activities   (24,697)
Cash flows from financing activities:    
Purchase of Sub-share Certificates in Certificates of Proprietary Interest (3,876,907) (4,823,322)
Dividends paid   (2,091,907)
Net cash used in financing activities (3,876,907) (6,915,229)
Net increase in cash and cash equivalents 1,518,732 1,628,806
Cash and cash equivalents, beginning of period 8,424,907 13,029,578
Cash and cash equivalents, end of period $ 9,943,639 $ 14,658,384