NOTE 2. REVENUE RECOGNITION

The Company implemented FASB ASC Topic 606, Revenue from Contracts with Customers effective January 1, 2018 utilizing the modified retrospective method.

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the three months ended June 30, 2019:


				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)

Major Good / Service:
	Lease Revenue - Base Rent	$	8,640	$	—	$	27	$	8,667
	Lease Revenue - CAM		471		—		—		471
	Lease Revenue - Reimbursements		543		—		—		543
	Lease Revenue - Billboards		93		—		—		93
	Above / Below Market Lease Accretion		623		—		—		623
	Contributed Leased Assets Accretion		62		—		—		62
	Lease Incentive Amortization		(76)		—		—		(76)
	Interest from Commercial Loan Investments		—		53		—		53
	Land Sale Revenue		—		—		7,250		7,250
	Subsurface Lease Revenue		—		—		214		214
	Subsurface Revenue - Other		—		—		20		20
	Interest and Other Revenue		19		—		—		19
	Total Revenues	$	10,375	$	53	$	7,511	$	17,939

Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	7,270	$	7,270
	Services Transferred Over Time		19		—		—		19
	Over Lease Term		10,356		—		241		10,597
	Commercial Loan Investment Related Revenue		—		53		—		53
	Total Revenues	$	10,375	$	53	$	7,511	$	17,939

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the three months ended June 30, 2018:


				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)

Major Good / Service:
	Lease Revenue - Base Rent	$	7,365	$	—	$	11	$	7,376
	Lease Revenue - CAM		891		—		—		891
	Lease Revenue - Reimbursements		801		—		—		801
	Lease Revenue - Billboards		70		—		—		70
	Above / Below Market Lease Accretion		600		—		—		600
	Contributed Leased Assets Accretion		85		—		—		85
	Lease Incentive Amortization		(76)		—		—		(76)
	Interest from Commercial Loan Investments		—		274		—		274
	Land Sale Revenue		—		—		1,734		1,734
	Impact Fee and Mitigation Credit Sales		—		—		470		470
	Subsurface Lease Revenue		—		—		201		201
	Subsurface Revenue - Other		—		—		79		79
	Interest and Other Revenue		45		—		—		45
	Total Revenues	$	9,781	$	274	$	2,495	$	12,550

Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	2,283	$	2,283
	Services Transferred Over Time		45		—		—		45
	Over Lease Term		9,736		—		212		9,948
	Commercial Loan Investment Related Revenue		—		274		—		274
	Total Revenues	$	9,781	$	274	$	2,495	$	12,550

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the six months ended June 30, 2019:


				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)

Major Good / Service:
	Lease Revenue - Base Rent	$	17,515	$	—	$	54	$	17,569
	Lease Revenue - CAM		1,141		—		—		1,141
	Lease Revenue - Reimbursements		1,088		—		—		1,088
	Lease Revenue - Billboards		129		—		—		129
	Above / Below Market Lease Accretion		1,204		—		—		1,204
	Contributed Leased Assets Accretion		124		—		—		124
	Lease Incentive Amortization		(151)		—		—		(151)
	Interest from Commercial Loan Investments		—		53		—		53
	Land Sale Revenue		—		—		10,550		10,550
	Subsurface Lease Revenue		—		—		413		413
	Subsurface Revenue - Other		—		—		29		29
	Interest and Other Revenue		49		—		—		49
	Total Revenues	$	21,099	$	53	$	11,046	$	32,198

Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	10,579	$	10,579
	Services Transferred Over Time		49		—		—		49
	Over Lease Term		21,050		—		467		21,517
	Commercial Loan Investment Related Revenue		—		53		—		53
	Total Revenues	$	21,099	$	53	$	11,046	$	32,198

The following table summarizes the Company’s revenue by segment, major good and/or service, and the related timing of revenue recognition for the six months ended June 30, 2018:


				Interest Income
		Income		from Commercial		Real Estate		Total
		Properties		Loan Investments		Operations		Revenues
		($000's)		($000's)		($000's)		($000's)

Major Good / Service:
	Lease Revenue - Base Rent	$	14,787	$	—	$	22	$	14,809
	Lease Revenue - CAM		1,505		—		—		1,505
	Lease Revenue - Reimbursements		1,365		—		—		1,365
	Lease Revenue - Billboards		134		—		—		134
	Above / Below Market Lease Accretion		1,179		—		—		1,179
	Contributed Leased Assets Accretion		95		—		—		95
	Lease Incentive Amortization		(151)		—		—		(151)
	Interest from Commercial Loan Investments		—		575		—		575
	Land Sale Revenue		—		—		14,851		14,851
	Impact Fee and Mitigation Credit Sales		—		—		586		586
	Subsurface Lease Revenue		—		—		400		400
	Subsurface Revenue - Other		—		—		626		626
	Interest and Other Revenue		73		—		—		73
	Total Revenues	$	18,987	$	575	$	16,485	$	36,047

Timing of Revenue Recognition:
	Asset/Good Transferred at a Point in Time	$	—	$	—	$	16,063	$	16,063
	Services Transferred Over Time		73		—		—		73
	Over Lease Term		18,914		—		422		19,336
	Commercial Loan Investment Related Revenue		—		575		—		575
	Total Revenues	$	18,987	$	575	$	16,485	$	36,047