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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Cash Flow from Operating Activities:      
Net Income $ 6,468,099 $ 10,912,299  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation and Amortization 3,346,287 3,900,379  
Amortization of Intangible Liabilities to Income Property Revenue (580,655) (579,659)  
Loan Cost Amortization 105,841 149,895  
Amortization of Discount on Convertible Debt 331,260 310,782  
Gain on Disposition of Property, Plant, and Equipment and Intangible Assets   (3,650,858)  
Gain on Disposition of Assets Held for Sale (6,869,957)    
Accretion of Commercial Loan Origination Fees   (14,760)  
Deferred Income Taxes 981,616 3,930,060  
Non-Cash Compensation 811,601 502,895  
Decrease (Increase) in Assets:      
Refundable Income Taxes 225,024 (166,324)  
Golf Assets Held for Sale (218,215)    
Land and Development Costs 19,151 (198,173)  
Impact Fees and Mitigation Credits 14,444 311,236  
Other Assets (626,572) (711,750)  
Increase (Decrease) in Liabilities:      
Accounts Payable (46,184) (450,864)  
Accrued and Other Liabilities (928,957) (4,093,144)  
Deferred Revenue (579,351) 483,305  
Golf Liabilities Held for Sale 294,689    
Income Taxes Payable 1,465,653    
Net Cash Provided By Operating Activities 4,213,774 10,635,319  
Cash Flow from Investing Activities:      
Acquisition of Property, Plant, and Equipment and Intangible Lease Assets and Liabilities (188,112) (27,916,784)  
Acquisition of Land   (2,141,853)  
Cash Contribution for Interest in Joint Venture (9,515)    
Proceeds from Disposition of Property, Plant, and Equipment, Net, and Assets Held for Sale 24,004,060 11,077,525  
Net Cash Used In Investing Activities 23,806,433 (18,981,112)  
Cash Flow from Financing Activities:      
Proceeds from Long-Term Debt 3,000,000 33,000,000  
Payments on Long-Term Debt (44,070,200) (29,899,770)  
Cash Paid for Loan Fees   (117,683)  
Cash Used to Purchase Common Stock (4,125,194)    
Cash Paid for Vesting of Restricted Stock (303,315) (498,374)  
Dividends Paid (534,896) (332,209)  
Net Cash Provided By Financing Activities (46,033,605) 2,151,964  
Net Increase (Decrease) in Cash (18,013,398) (6,193,829)  
Cash, Beginning of Year 22,031,964 13,067,540 $ 13,067,540
Cash, End of Period 4,018,566 6,873,711 22,031,964
Reconciliation of Cash to the Consolidated Balance Sheets:      
Cash and Cash Equivalents 2,682,205 3,724,714 2,310,489
Restricted Cash 1,336,361 3,148,997 19,721,475
Total Cash as of March 31, 2019 and 2018, respectively $ 22,031,964 $ 13,067,540 $ 13,067,540