XML 19 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues:    
Investment income $ 57,736,968 $ 47,553,660
Property revenues 7,208,661 6,986,009
Contingent interest income 1,848,825 12,043
Other interest income 1,657,840 967,338
Other income   9,518
Total revenues 68,452,294 55,528,568
Expenses:    
Real estate operating (exclusive of items shown below) 3,992,293 4,347,441
Provision for credit loss (Note 6) 1,856,893 7,318,590
Provision for loan loss (Note 10) 444,302 911,232
Impairment charge on real estate assets   25,200
Depreciation and amortization 2,732,922 2,810,073
Interest expense 21,943,885 21,215,888
General and administrative 14,824,668 13,027,349
Total expenses 45,794,963 49,655,773
Other Income:    
Loss on sale of real estate asset (14,800)  
Gain on sale of securities   1,416,023
Gain on sale of investments in unconsolidated entities 15,520,749  
Income before income taxes 38,163,280 7,288,818
Income tax expense 63,792 79,990
Net income 38,099,488 7,208,828
Redeemable Preferred Unit distributions and accretion (2,871,051) (2,871,051)
Net income available to Partners 35,228,437 4,337,777
Net income (loss) available to Partners allocated to:    
General Partner 2,830,481 (32,666)
Net income available to Partners and noncontrolling interest $ 35,228,437 $ 4,337,777
BUC holders' interest in net income per BUC, basic and diluted $ 0.52 $ 0.07
Weighted average number of BUCs outstanding, basic 61,971,556 60,606,989
Weighted average number of BUCs outstanding, diluted 61,971,556 60,606,989
Beneficial Unit Certificate Holders [Member]    
Net income (loss) available to Partners allocated to:    
Limited Partners $ 32,258,667 $ 4,304,208
Restricted Unitholders [Member]    
Net income (loss) available to Partners allocated to:    
Limited Partners $ 139,289 $ 66,235