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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues        
Revenues $ 11,748,131 $ 17,413,926 $ 43,946,281 $ 53,461,436
Direct Cost of Revenues        
Total Direct Cost of Revenues (1,818,436) (7,351,331) (11,491,512) (13,671,525)
General and Administrative Expenses (2,260,728) (1,928,008) (6,881,524) (7,180,737)
Depreciation and Amortization (4,286,836) (3,756,507) (11,707,710) (11,308,876)
Total Operating Expenses (8,366,000) (13,035,846) (30,080,746) (32,161,138)
Gain on Disposition of Assets 2,187,332   20,869,196 22,035,666
Total Operating Income 5,569,463 4,378,080 34,734,731 43,335,964
Investment Income 33,048 14,179 86,363 38,383
Interest Expense (3,253,908) (2,345,156) (9,219,195) (7,443,922)
Income from Continuing Operations Before Income Tax Expense 2,348,603 2,047,103 25,601,899 35,930,425
Income Tax Expense from Continuing Operations (595,144) (561,223) (6,459,234) (9,016,556)
Net Income from Continuing Operations 1,753,459 1,485,880 19,142,665 26,913,869
Loss from Discontinued Operations (Net of Income Tax)—See Note 21 (267,437) (1,189,708) (591,746) (1,542,490)
Net Income $ 1,486,022 $ 296,172 $ 18,550,919 $ 25,371,379
Basic        
Net Income from Continuing Operations (in dollars per share) $ 0.36 $ 0.27 $ 3.79 $ 4.88
Net Income from Discontinuing Operations (in dollars per share) (0.05) (0.22) (0.12) (0.28)
Basic Net Income per Share (in dollars per share) 0.31 0.05 3.67 4.60
Diluted        
Net Income from Continuing Operations (in dollars per share) 0.36 0.27 3.79 4.85
Net Income from Discontinuing Operations (in dollars per share) (0.05) (0.22) (0.12) (0.28)
Diluted Net Income per Share (in dollars per share) 0.31 0.05 3.67 4.57
Dividends Declared and Paid (in dollars per share) $ 0.11 $ 0.07 $ 0.31 $ 0.19
Income Properties        
Revenues        
Revenues $ 10,260,831 $ 9,360,155 $ 31,360,544 $ 28,347,181
Direct Cost of Revenues        
Total Direct Cost of Revenues (1,476,288) (1,773,840) (5,043,496) (5,677,758)
Depreciation and Amortization (4,281,286) (3,748,388) (11,690,110) (11,282,566)
Interest Income from Commercial Loan Investments        
Revenues        
Revenues 855,559 41,262 908,324 615,728
Real Estate Operations        
Revenues        
Revenues 631,741 8,012,509 11,677,413 24,498,527
Direct Cost of Revenues        
Total Direct Cost of Revenues $ (342,148) $ (5,577,491) $ (6,448,016) $ (7,993,767)