| Summary of Income from Discontinued Operations |
The following is a summary of income from discontinued
operations:
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|
Year ended
December 31, |
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| |
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2013 |
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2012 |
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|
2011 |
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|
Leasing Revenue and Other Income
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|
$ |
699,486 |
|
|
$ |
1,535,854 |
|
|
$ |
2,085,882 |
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|
Costs and Other Expenses
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|
|
(89,270 |
) |
|
|
(211,524 |
) |
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|
(385,881 |
) |
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Income from Operations
|
|
|
610,216 |
|
|
|
1,324,330 |
|
|
|
1,700,001 |
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|
Impairment Charges
|
|
|
— |
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|
|
(426,794 |
) |
|
|
(68,454 |
) |
|
Gain on Sale of Property
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|
|
1,215,928 |
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|
|
78,455 |
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|
|
146,977 |
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Income before Income Tax
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|
|
1,826,144 |
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|
|
975,991 |
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|
|
1,778,524 |
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|
Income Tax
|
|
|
(704,435 |
) |
|
|
(376,488 |
) |
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|
(686,066 |
) |
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Income from Discontinued Operations
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|
$ |
1,121,709 |
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|
$ |
599,503 |
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|
$ |
1,092,458 |
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