Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) (USD $)
 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:    
Net income $ 10,268,284 $ 11,222,929
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (363,827) (43,147)
Depreciation and amortization 9,226 6,543
Loss on disposal of fixed assets 2,795 2,470
Changes in operating assets and liabilities:    
Accrued receivables and other assets (768,619) 582,403
Prepaid income taxes 416,882 (105,358)
Notes receivable for land sales 1,082,447 171,263
Accounts payable, accrued expenses and other liabilities (119,455) 80,701
Income taxes payable 288,282 (1,251,847)
Net cash provided by operating activities 10,816,015 10,665,957
Cash flows from investing activities:    
Proceeds from sale of fixed assets 20,500 13,500
Purchase of fixed assets (34,233) (45,599)
Net cash used in investing activities (13,733) (32,099)
Cash flows from financing activities:    
Purchase of Sub-share Certificates in Certificates of Proprietary Interest (9,933,710) (9,986,075)
Dividends paid   (2,091,907)
Net cash used in financing activities (9,933,710) (12,077,982)
Net increase (decrease) in cash and cash equivalents 868,572 (1,444,124)
Cash and cash equivalents, beginning of period 8,424,907 13,029,578
Cash and cash equivalents, end of period $ 9,293,479 $ 11,585,454