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Related Party Transactions
12 Months Ended
Dec. 31, 2018
Related Party Transactions [Abstract]  
Related Party Transactions

10. Related Party Transactions

We paid management fees to an affiliate of approximately $1,297,000 and $1,305,000 for the years ended December 31, 2018 and 2017, respectively.  These fees are included in general and administrative expenses on the accompanying statements of operations.

At December 31, 2018 and 2017, the amounts due (to)/from affiliates amounted to $(47,325) and $430,282, respectively,  which are non-interest bearing, unsecured and due on demand.

Salamander Innisbrook Condominium, LLC, a wholly owned subsidiary of Salamander Farms, LLC, owns three condominiums which were acquired from the former owner.  Two of its three condominiums participated in the Rental Pool under the Agreement in the same manner as all other Rental Pool participants.  At December 31, 2018 and 2017, amounts due from Salamander Innisbrook Condominium, LLC totaled $448,961 and $442,855, respectively and are included in due (to)/from affiliates. In addition, accounts receivable, net includes $189,683 and $89,309 due from Innisbrook Condominium Association at December 31, 2018 and 2017, respectively.

The Innisbrook Rental Pool Lease Operation paid us approximately $262,000 and $385,000 as reimbursement for maintenance and housekeeping labor, use of the telephone lines and other supplies during the years ended December 31, 2018 and 2017, respectively.  These reimbursements are included in general and administrative expenses on the accompanying statements of operations.  The Company has amounts due to the Innisbrook Rental Pool Lease Operation for the quarterly distribution of $668,805 and $961,654 at December 31, 2018 and 2017, respectively.

Golf Host Securities, Inc. is an on-site real estate broker/dealer for the resale of the Resort’s condominium units owned by Salamander Farms, LLC. Approximately $31,000 was paid to the Company for rent and related accounting services for each of the years ended December 31, 2018 and 2017.

Innisbrook Rental Pool Lease Operation [Member]  
Related Party Transactions [Abstract]  
Related Party Transactions

NOTE 3 -   RELATED PARTY TRANSACTIONS

Pursuant to the terms of the Master Lease Agreement, the Rental Pool paid the Company approximately $262,000 and $385,500 as reimbursement for maintenance and housekeeping labor, use of telephone lines, and other supplies during the years ended December 31, 2018 and 2017, respectively. At December 31, 2018 and 2017, accounts payable included in the accompanying balance sheets of the Maintenance Escrow Fund include approximately $15,000 and $26,800, respectively, payable to the Company for such items.

Salamander Innisbrook Condominium, LLC, a wholly owned subsidiary of Salamander Farms, LLC, owns three condominiums. Two of the three condominiums participate in the Rental Pool under the MLA in the same manner as other Rental Pool participants.