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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues        
Revenues $ 18,428,697 $ 12,380,602 $ 57,113,481 $ 73,931,669
Direct Cost of Revenues        
Total Direct Cost of Revenues (8,739,613) (3,466,206) (17,966,685) (24,428,382)
General and Administrative Expenses (1,928,008) (1,995,512) (7,180,737) (7,942,846)
Impairment Charges (1,119,362)   (1,119,362) 0
Depreciation and Amortization (3,857,240) (3,161,169) (11,612,557) (9,139,434)
Total Operating Expenses (15,644,223) (8,622,887) (37,879,341) (41,510,662)
Gain on Disposition of Assets   (266) 22,035,666 (266)
Land Lease Income       2,226,526
Other Gains (Losses) and Income   (266) 22,035,666 2,226,260
Total Operating Income 2,784,474 3,757,449 41,269,806 34,647,267
Investment Income 14,179 9,724 38,383 27,431
Interest Expense (2,345,156) (2,073,299) (7,443,922) (6,279,366)
Income Before Income Tax Expense 453,497 1,693,874 33,864,267 28,395,332
Income Tax Expense (157,325) (726,974) (8,492,888) (11,003,132)
Net Income $ 296,172 $ 966,900 $ 25,371,379 $ 17,392,200
Per Share Information- See Note 10:        
Basic Net Income per Share (in dollars per share) $ 0.05 $ 0.18 $ 4.60 $ 3.13
Diluted Net Income per Share (in dollars per share) 0.05 0.18 4.57 3.13
Dividends Declared (in dollars per share) $ 0.07 $ 0.05 0.19 $ 0.13
Dividends Paid (in dollars per share)     $ 0.19  
Income Properties        
Revenues        
Revenues $ 9,360,155 $ 7,928,258 $ 28,347,181 $ 22,566,505
Direct Cost of Revenues        
Total Direct Cost of Revenues (1,773,840) (1,715,516) (5,677,758) (4,756,744)
Depreciation and Amortization (3,748,389) (3,053,295) (11,282,566) (8,848,101)
Commercial Loan Investments        
Revenues        
Revenues 41,262 637,801 615,728 1,727,449
Real Estate Operations        
Revenues        
Revenues 8,012,509 2,926,406 24,476,153 45,658,221
Direct Cost of Revenues        
Total Direct Cost of Revenues (5,572,319) (459,169) (7,978,251) (15,408,547)
Golf Operations        
Revenues        
Revenues 1,014,771 797,420 3,652,045 3,655,877
Direct Cost of Revenues        
Total Direct Cost of Revenues (1,388,282) (1,272,647) (4,295,160) (4,173,244)
Impairment Charges (1,100,000)      
Depreciation and Amortization (100,732) (97,959) (303,681) (258,649)
Agriculture and Other Income        
Revenues        
Revenues   90,717 22,374 323,617
Direct Cost of Revenues        
Total Direct Cost of Revenues (5,172) (18,874) (15,516) (89,847)
Depreciation and Amortization $ (8,119) $ (9,915) $ (26,310) $ (32,684)