Quarterly report pursuant to Section 13 or 15(d)

Statements of Cash Flows (Unaudited)

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Statements of Cash Flows (Unaudited) (USD $)
 9 Months Ended
Sep. 30, 2013
Sep. 30, 2012
Cash flows from operating activities:    
Net income $ 19,699,402 $ 15,534,021
Adjustments to reconcile net income to net cash provided by operating activities:    
Deferred taxes (1,299,020) (211,819)
Depreciation and amortization 13,321 9,564
Loss on disposal of fixed assets 2,795 2,470
Changes in operating assets and liabilities:    
Accrued receivables and other assets (638,855) 320,348
Prepaid income taxes 416,882 (484,507)
Notes receivable for land sales 4,138,671 686,461
Accounts payable, accrued expenses and other liabilities (71,731) 204,414
Income taxes payable 3,006,046 (1,199,017)
Net cash provided by operating activities 25,267,511 14,861,935
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 (18,056,596) (14,452,879)
Dividends paid   (2,091,907)
Net cash used in financing activities (18,056,596) (16,544,786)
Net increase (decrease) in cash and cash equivalents 7,197,182 (1,714,950)
Cash and cash equivalents, beginning of period 8,424,907 13,029,578
Cash and cash equivalents, end of period $ 15,622,089 $ 11,314,628