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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues        
Revenues $ 13,833,185 $ 22,837,783 $ 38,684,784 $ 61,551,067
Direct Cost of Revenues        
Total Direct Cost of Revenues (4,435,384) (8,854,499) (9,227,072) (20,962,176)
General and Administrative Expenses (2,429,181) (2,727,187) (5,252,729) (5,947,334)
Depreciation and Amortization (3,854,938) (3,215,690) (7,755,317) (5,978,265)
Total Operating Expenses (10,719,503) (14,797,376) (22,235,118) (32,887,775)
Gain on Disposition of Assets 18,384,808   22,035,666  
Land Lease Income       2,226,526
Other Gains and Income 18,384,808   22,035,666 2,226,526
Total Operating Income 21,498,490 8,040,407 38,485,332 30,889,818
Investment Income 11,892 8,524 24,204 17,707
Interest Expense (2,537,301) (2,144,176) (5,098,766) (4,206,067)
Income Before Income Tax Expense 18,973,081 5,904,755 33,410,770 26,701,458
Income Tax Expense (4,810,173) (2,225,847) (8,335,563) (10,276,158)
Net Income $ 14,162,908 $ 3,678,908 $ 25,075,207 $ 16,425,300
Per Share Information- See Note 10:        
Basic Net Income per Share (in dollars per share) $ 2.56 $ 0.67 $ 4.53 $ 2.95
Diluted Net Income per Share (in dollars per share) 2.56 0.66 4.51 2.94
Dividends Declared (in dollars per share) 0.06 0.04 0.12 0.08
Dividends Paid (in dollars per share) $ 0.06 $ 0.04 $ 0.12 $ 0.08
Income Properties        
Revenues        
Revenues $ 9,781,299 $ 7,565,007 $ 18,987,026 $ 14,638,247
Direct Cost of Revenues        
Total Direct Cost of Revenues (2,034,889) (1,629,515) (3,903,918) (3,041,228)
Depreciation and Amortization (3,746,762) (3,108,494) (7,534,177) (5,794,806)
Commercial Loan Investments        
Revenues        
Revenues 273,467 553,159 574,466 1,089,648
Real Estate Operations        
Revenues        
Revenues 2,484,314 13,257,355 16,463,644 42,731,815
Direct Cost of Revenues        
Total Direct Cost of Revenues (870,270) (5,792,529) (2,405,932) (14,949,378)
Golf Operations        
Revenues        
Revenues 1,282,918 1,383,513 2,637,274 2,858,457
Direct Cost of Revenues        
Total Direct Cost of Revenues (1,525,053) (1,401,919) (2,906,878) (2,900,597)
Depreciation and Amortization (99,393) (95,323) (202,949) (160,690)
Agriculture and Other Income        
Revenues        
Revenues 11,187 78,749 22,374 232,900
Direct Cost of Revenues        
Total Direct Cost of Revenues (5,172) (30,536) (10,344) (70,973)
Depreciation and Amortization $ (8,783) $ (11,873) $ (18,191) $ (22,769)