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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash Flow from Operating Activities:    
Net Income $ 12,746,392 $ 1,392,565
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 2,762,575 2,067,367
Amortization of Intangible Liabilities to Income Property Revenue (531,546) (606,979)
Loan Cost Amortization 113,288 102,451
Amortization of discount 291,570 273,545
Impairment Charges   209,908
Accretion of Commercial Loan Origination Fees   (15,035)
Amortization of Fees on Acquisition of Commercial Loan Investments   3,318
Loss from disposition of investment securities   575,567
Deferred Income Taxes 9,034,033 2,272,246
Non-Cash Compensation 353,579 2,072,982
Decrease (Increase) in Assets:    
Refundable Income Taxes (97,947) 197,980
Land and Development Costs 7,511,335 (2,433,875)
Impact Fees and Mitigation Credits 216,592 109,018
Other Assets 872,220 (2,483,995)
Increase (Decrease) in Liabilities:    
Accounts Payable 471,575 2,448,771
Accrued and Other Liabilities (3,887,645) (1,707,130)
Deferred Revenue (392,524) (5,673,101)
Net Cash Provided By (Used In) Operating Activities 29,463,497 (1,194,397)
Cash Flow from Investing Activities:    
Acquisition of Property, Plant, and Equipment and Intangible Lease Assets and Liabilities (23,557,356) (289,079)
Acquisition of Property, Plant, and Equipment and Intangible Lease Assets and Liabilities through Business Combinations   (2,460,000)
Decrease (Increase) in Restricted Cash 3,972,702 (1,095,982)
Net proceeds from disposition of investment securities   6,252,362
Net Cash Provided By (Used In) Investing Activities (19,584,654) 2,407,301
Cash Flow from Financing Activities:    
Proceeds from Long-Term Debt 6,000,000 3,750,000
Payments on Long-Term Debt (15,800,000)  
Cash Paid for Loan Fees (36,749) (124,049)
Cash Proceeds from Exercise of Stock Options 19,979 7,484
Cash Used to Purchase Common Stock (2,927,556) (1,339,614)
Cash from Excess Tax Benefit (Expense) from Vesting of Restricted Stock   2,507
Cash Paid for Vesting of Restricted Stock (261,621) (198,713)
Dividends Paid (224,594)  
Net Cash Provided By (Used In) Financing Activities (13,230,541) 2,097,615
Net Increase (Decrease) in Cash (3,351,698) 3,310,519
Cash, Beginning of Year 7,779,562 4,060,677
Cash, End of Period $ 4,427,864 $ 7,371,196