XML 15 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues    
Revenues $ 24,851,599 $ 38,713,284
Direct Cost of Revenues    
Total Direct Cost of Revenues (4,791,688) (12,107,677)
General and Administrative Expenses (2,823,548) (3,220,147)
Depreciation and Amortization (3,900,379) (2,762,575)
Gain on Disposition of Assets 3,650,858  
Land Lease Income   2,226,526
Total Operating Expenses (7,864,757) (15,863,873)
Operating Income 16,986,842 22,849,411
Investment Income 12,312 9,183
Interest Expense (2,561,465) (2,061,891)
Income Before Income Tax Expense 14,437,689 20,796,703
Income Tax Expense (3,525,390) (8,050,311)
Net Income $ 10,912,299 $ 12,746,392
Per Share Information- See Note 10:    
Basic Net Income per Share (in dollars per share) $ 1.97 $ 2.28
Diluted Net Income per Share (in dollars per share) 1.96 2.27
Dividends Declared (in dollars per share) 0.06 0.04
Dividends Paid (in dollars per share) $ 0.06 $ 0.04
Income Properties    
Revenues    
Revenues $ 9,205,727 $ 7,073,240
Direct Cost of Revenues    
Total Direct Cost of Revenues (1,869,029) (1,411,713)
Depreciation and Amortization (3,787,415) (2,686,312)
Commercial Loan Investments    
Revenues    
Revenues 300,999 536,489
Real Estate Operations    
Revenues    
Revenues 13,979,330 29,474,460
Direct Cost of Revenues    
Total Direct Cost of Revenues (1,535,662) (9,156,849)
Golf Operations    
Revenues    
Revenues 1,354,356 1,474,944
Direct Cost of Revenues    
Total Direct Cost of Revenues (1,381,825) (1,498,678)
Depreciation and Amortization (103,556) (65,367)
Agriculture and Other Income    
Revenues    
Revenues 11,187 154,151
Direct Cost of Revenues    
Total Direct Cost of Revenues (5,172) (40,437)
Depreciation and Amortization $ (9,408) $ (10,896)