Subsequent Events	12 Months Ended
Dec. 31, 2018
Subsequent Events
Subsequent Events	12. Subsequent Events In April 2019 the Company agreed to modify the note payable agreement with BB&T dated March 28, 2017 and agreed to the release of $500,000 from the Cash Reserve Account prescribed in Section 2.01(g) of the agreement which was used to pay down the principle, whereby adjusting the amount of the monthly principal repayments going forward from such date. The amendment also waived the debt service coverage ratio requirement for the year ended December 31, 2018 and reduced the debt service coverage ratio requirement to at least 1.0 to 1.0 for the fiscal year ending December 31, 2019. In early 2020, an outbreak of a novel strain of coronavirus that causes COVID-19 emerged globally. As a result, events have occurred, including mandates from federal, state and local authorities leading to significant declines in guest visits and closures of hotels, including the Resort. The significant reduction in guest visits to, and spending at, the Resort caused by the coronavirus pandemic have resulted in a loss of revenue and other material adverse effects to the Company’s financial position, results of operations, and cash flows. The Company is not able to estimate the length or severity of this outbreak and the related financial impact. In March 2020, approximately one week from the beginning of the 2020 PGA Valspar Tournament, Copperhead Charities and the PGA Tour notified the Company that the PGA Valspar Tournament would be cancelled for 2020 due to the impacts of the COVID-19 pandemic. No cancellation fees were paid by Copperhead Charities but the Company was reimbursed for its out-of-pocket expenses. As of the date of this report, the Company is negotiating with Copperhead Charities and the PGA Tour for a multi-year renewal of the contract. In March 2020, we entered into an amendment to the loan agreement which defers the scheduled loan repayments for April, May, and June 2020. These repayments along with accrued interest are deferred until the loan matures in April 2022. In April 2020, the Resort obtained a United States government subsidy of $3,394,500. The Paycheck Protection Program (“PPP”), is a United States government temporary program created with the intent to provide a subsidy to assist businesses in keeping employees employed during the pandemic. The PPP Loan may not need to be repaid if certain requirements are met. Under the Coronavirus Aid, Relief, and Economic Security Act, as modified, any amounts not forgiven will be required to be repaid over a term having a minimum maturity of five (5) years and a maximum maturity of 10 years from the date on which the borrower applies for forgiveness. The loan will carry a one percent (1%) interest rate.

12. Subsequent Events

In April 2019 the Company agreed to modify the note payable agreement with BB&T dated March 28, 2017 and agreed to the release of $500,000 from the Cash Reserve Account prescribed in Section 2.01(g) of the agreement which was used to pay down the principle, whereby adjusting the amount of the monthly principal repayments going forward from such date. The amendment also waived the debt service coverage ratio requirement for the year ended December 31, 2018 and reduced the debt service coverage ratio requirement to at least 1.0 to 1.0 for the fiscal year ending December 31, 2019.

In early 2020, an outbreak of a novel strain of coronavirus that causes COVID-19 emerged globally. As a result, events have occurred, including mandates from federal, state and local authorities leading to significant declines in guest visits and closures of hotels, including the Resort. The significant reduction in guest visits to, and spending at, the Resort caused by the coronavirus pandemic have resulted in a loss of revenue and other material adverse effects to the Company’s financial position, results of operations, and cash flows. The Company is not able to estimate the length or severity of this outbreak and the related financial impact.

In March 2020, approximately one week from the beginning of the 2020 PGA Valspar Tournament, Copperhead Charities and the PGA Tour notified the Company that the PGA Valspar Tournament would be cancelled for 2020 due to the impacts of the COVID-19 pandemic. No cancellation fees were paid by Copperhead Charities but the Company was reimbursed for its out-of-pocket expenses. As of the date of this report, the Company is negotiating with Copperhead Charities and the PGA Tour for a multi-year renewal of the contract.

In March 2020, we entered into an amendment to the loan agreement which defers the scheduled loan repayments for April, May, and June 2020. These repayments along with accrued interest are deferred until the loan matures in April 2022.

In April 2020, the Resort obtained a United States government subsidy of $3,394,500. The Paycheck Protection Program (“PPP”), is a United States government temporary program created with the intent to provide a subsidy to assist businesses in keeping employees employed during the pandemic. The PPP Loan may not need to be repaid if certain requirements are met. Under the Coronavirus Aid, Relief, and Economic Security Act, as modified, any amounts not forgiven will be required to be repaid over a term having a minimum maturity of five (5) years and a maximum maturity of 10 years from the date on which the borrower applies for forgiveness. The loan will carry a one percent (1%) interest rate.