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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash Flow from Operating Activities:    
Net Income $ 10,912,299 $ 12,746,392
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 3,900,379 2,762,575
Amortization of Intangible Liabilities to Income Property Revenue 579,659 531,546
Loan Cost Amortization 149,895 113,288
Amortization of Discount on Convertible Debt 310,782 291,570
Gain on Disposition of Property, Plant, and Equipment and Intangible Assets (3,650,858)  
Accretion of Commercial Loan Origination Fees (14,760)  
Deferred Income Taxes 3,930,060 9,034,033
Non-Cash Compensation 467,271 353,579
Decrease (Increase) in Assets:    
Refundable Income Taxes (166,324) (97,947)
Land and Development Costs (198,173) 7,511,335
Impact Fees and Mitigation Credits 311,236 216,592
Other Assets (711,750) 872,220
Increase (Decrease) in Liabilities:    
Accounts Payable (450,864) 471,575
Accrued and Other Liabilities (4,093,144) (3,887,645)
Deferred Revenue 483,305 (392,524)
Net Cash Provided By Operating Activities 10,599,695 29,463,497
Cash Flow from Investing Activities:    
Acquisition of Property, Plant, and Equipment and Intangible Lease Assets and Liabilities (27,916,784) (23,557,356)
Acquisition of Land (2,141,853)  
Proceeds from Disposition of Property, Plant, and Equipment 11,077,525  
Net Cash Used In Investing Activities (18,981,112) (23,557,356)
Cash Flow from Financing Activities:    
Proceeds from Long-Term Debt 33,000,000 6,000,000
Payments on Long-Term Debt (29,899,770) (15,800,000)
Cash Paid for Loan Fees (117,683) (36,749)
Cash Proceeds from Exercise of Stock Options and Stock Issuance 35,624 19,979
Cash Used to Purchase Common Stock   (2,927,556)
Cash Paid for Vesting of Restricted Stock (498,374) (261,621)
Dividends Paid (332,209) (224,594)
Net Cash Provided By (Used In) Financing Activities 2,187,588 (13,230,541)
Net Decrease in Cash (6,193,829) (7,324,400)
Cash, Beginning of Year 13,067,540 17,635,031
Cash, End of Period 6,873,711 10,310,631
Reconciliation of Cash to the Consolidated Balance Sheets:    
Cash and Cash Equivalents 3,724,714 4,427,864
Restricted Cash 3,148,997 5,882,767
Total Cash as of March 31, 2018 and 2017, respectively $ 13,067,540 $ 17,635,031