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BUSINESS SEGMENT DATA (Tables)
 9 Months Ended
Sep. 30, 2017
BUSINESS SEGMENT DATA  
Schedule of operations in different segments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Nine Months Ended

 

    

September 30,
2017

    

September 30,
2016

    

September 30,
2017

    

September 30,
2016

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

7,928,258

 

$

6,021,331

 

$

22,566,505

 

$

18,483,654

Commercial Loan Investments

 

 

637,801

 

 

534,212

 

 

1,727,449

 

 

2,050,507

Real Estate Operations

 

 

2,926,406

 

 

4,643,646

 

 

45,658,221

 

 

18,979,164

Golf Operations

 

 

797,420

 

 

1,001,368

 

 

3,655,877

 

 

3,877,923

Agriculture and Other Income

 

 

90,717

 

 

10,388

 

 

323,617

 

 

48,070

Total Revenues

 

$

12,380,602

 

$

12,210,945

 

$

73,931,669

 

$

43,439,318

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

6,212,742

 

$

4,590,689

 

$

17,809,761

 

$

14,672,265

Commercial Loan Investments

 

 

637,801

 

 

534,212

 

 

1,727,449

 

 

2,050,507

Real Estate Operations

 

 

2,467,237

 

 

3,386,463

 

 

30,249,674

 

 

14,340,299

Golf Operations

 

 

(475,227)

 

 

(301,552)

 

 

(517,367)

 

 

(276,761)

Agriculture and Other Income

 

 

71,843

 

 

(42,506)

 

 

233,770

 

 

(105,529)

General and Corporate Expense

 

 

(5,156,947)

 

 

7,712,203

 

 

(14,856,020)

 

 

(3,675,088)

Total Operating Income

 

$

3,757,449

 

$

15,879,509

 

$

34,647,267

 

$

27,005,693

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

3,053,295

 

$

1,866,162

 

$

8,848,101

 

$

5,571,785

Golf Operations

 

 

97,959

 

 

64,676

 

 

258,649

 

 

201,944

Agriculture and Other

 

 

9,915

 

 

14,622

 

 

32,684

 

 

44,657

Total Depreciation and Amortization

 

$

3,161,169

 

$

1,945,460

 

$

9,139,434

 

$

5,818,386

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

2,829,567

 

$

49,751,977

 

$

47,515,911

 

$

52,604,951

Golf Operations

 

 

237,560

 

 

4,500

 

 

2,112,060

 

 

17,661

Agriculture and Other

 

 

10,558

 

 

2,465

 

 

61,586

 

 

18,332

Total Capital Expenditures

 

$

3,077,685

 

$

49,758,942

 

$

49,689,557

 

$

52,640,944

 

 

 

 

 

 

 

 

 

 

 

 

As of

 

 

    

September 30,

2017

    

December 31,

2016

 

Identifiable Assets:

 

 

 

 

 

 

 

Income Properties

 

$

343,740,067

 

$

302,757,565

 

Commercial Loan Investments

 

 

26,984,350

 

 

24,032,885

 

Real Estate Operations

 

 

44,753,918

 

 

58,868,298

 

Golf Operations

 

 

5,877,837

 

 

3,675,842

 

Agriculture and Other

 

 

15,354,629

 

 

19,288,836

 

Total Assets

 

$

436,710,801

 

$

408,623,426