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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues        
Revenues $ 17,938,831 $ 12,550,267 $ 32,198,150 $ 36,047,510
Direct Cost of Revenues        
Total Direct Cost of Revenues (6,115,319) (2,910,331) (9,673,076) (6,320,194)
General and Administrative Expenses (2,119,176) (2,429,181) (4,620,796) (5,252,729)
Depreciation and Amortization (4,074,587) (3,755,546) (7,420,874) (7,552,369)
Total Operating Expenses (12,309,082) (9,095,058) (21,714,746) (19,125,292)
Gain on Disposition of Assets 11,811,907 18,384,808 18,681,864 22,035,666
Total Operating Income 17,441,656 21,840,017 29,165,268 38,957,884
Investment Income 14,560 11,892 53,315 24,204
Interest Expense (3,042,058) (2,537,301) (5,965,287) (5,098,766)
Income from Continuing Operations Before Income Tax Benefit (Expense) 14,414,158 19,314,608 23,253,296 33,883,322
Income Tax Expense from Continuing Operations (3,653,288) (4,896,734) (5,864,090) (8,455,333)
Net Income from Continuing Operations 10,760,870 14,417,874 17,389,206 25,427,989
Loss from Discontinued Operations (Net of Income Tax)—See Note 21 (164,072) (254,966) (324,309) (352,782)
Net Income $ 10,596,798 $ 14,162,908 $ 17,064,897 $ 25,075,207
Basic        
Net Income from Continuing Operations (in dollars per share) $ 2.17 $ 2.61 $ 3.38 $ 4.59
Net Loss from Discontinued Operations (Net of Income Tax) (in dollars per share) (0.03) (0.05) (0.06) (0.06)
Basic Net Income per Share (in dollars per share) 2.14 2.56 3.32 4.53
Diluted        
Net Income from Continuing Operations (in dollars per share) 2.17 2.61 3.38 4.57
Net Loss from Discontinued Operations (Net of Income Tax) (in dollars per share) (0.03) (0.05) (0.06) (0.06)
Diluted Net Income per Share (in dollars per share) 2.14 2.56 3.32 4.51
Dividends Declared and Paid (in dollars per share) $ 0.10 $ 0.06 $ 0.20 $ 0.12
Income Properties        
Revenues        
Revenues $ 10,375,295 $ 9,781,299 $ 21,099,713 $ 18,987,026
Direct Cost of Revenues        
Total Direct Cost of Revenues (1,634,720) (2,034,889) (3,567,208) (3,903,918)
Depreciation and Amortization (4,068,968) (3,746,762) (7,408,824) (7,534,177)
Commercial Loan Investments        
Revenues        
Revenues 52,765 273,467 52,765 574,466
Real Estate Operations        
Revenues        
Revenues 7,510,771 2,495,501 11,045,672 16,486,018
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (4,480,599) $ (875,442) $ (6,105,868) $ (2,416,276)