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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash Flow from Operating Activities:          
Net Income $ 1,486,022 $ 296,172 $ 18,550,919 $ 25,371,379  
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:          
Depreciation and Amortization     11,707,710 11,612,557  
Amortization of Intangible Liabilities to Income Property Revenue (607,000) (600,000) (1,810,459) (1,779,031)  
Loan Cost Amortization 111,000 103,000 323,672 389,656  
Amortization of Discount on Convertible Debt 342,000 321,000 1,009,847 947,419  
Gain on Disposition of Property, Plant, and Equipment and Intangible Assets     (2,187,332) (22,035,666)  
Loss (Gain) on Disposition of Assets Held for Sale     (18,681,864) 1,119,362  
Accretion of Commercial Loan Origination Fees     (67,432) (34,768)  
Non-Cash Imputed Interest on Commercial Loan Investment     (94,761)    
Deferred Income Taxes     3,586,574 8,345,475  
Non-Cash Compensation     2,059,167 1,283,434  
Decrease (Increase) in Assets:          
Refundable Income Taxes     225,024 491,821  
Golf Assets Held for Sale     (40,159)    
Land and Development Costs     2,243,651 3,090,301  
Impact Fees and Mitigation Credits     14,444 586,343  
Other Assets     (2,865,683) (2,139,265)  
Increase (Decrease) in Liabilities:          
Accounts Payable     1,587,549 (1,035,771)  
Accrued and Other Liabilities     429,590 (4,194,651)  
Deferred Revenue     256,061 600,929  
Golf Liabilities Held for Sale     381,753    
Income Taxes Payable     112,896    
Net Cash Provided By Operating Activities     16,741,167 22,619,524  
Cash Flow from Investing Activities:          
Acquisition of Property, Plant, and Equipment and Intangible Lease Assets and Liabilities     (75,313,805) (29,399,109)  
Acquisition of Commercial Loan Investments     (32,257,500)    
Acquisition of Land       (3,794,058)  
Cash Contribution for Interest in Joint Venture     (62,560) (2,087,521)  
Proceeds from Disposition of Property, Plant, and Equipment, Net, and Assets Held for Sale     80,321,554 26,377,525  
Principal Payments Received on Commercial Loan Investments       11,960,467  
Net Cash Provided By (Used In) Investing Activities     (27,312,311) 3,057,304  
Cash Flow from Financing Activities:          
Proceeds from Long-Term Debt     122,500,000 36,300,000  
Payments on Long-Term Debt     (88,901,414) (55,830,473)  
Cash Paid for Loan Fees     (469,885) (263,473)  
Cash Proceeds from Exercise of Stock Options and Stock Issuance       372,248  
Cash Used to Purchase Common Stock     (31,096,662) (3,977,005)  
Cash Paid for Vesting of Restricted Stock     (303,314) (498,374)  
Dividends Paid     (1,564,523) (1,049,002)  
Net Cash Provided By (Used In) Financing Activities     164,202 (24,946,079)  
Net Increase (Decrease) in Cash     (10,406,942) 730,749  
Cash, Beginning of Year     22,031,964 13,067,540 $ 13,067,540
Cash, End of Period 11,625,022 13,798,289 11,625,022 13,798,289 22,031,964
Reconciliation of Cash to the Consolidated Balance Sheets:          
Cash and Cash Equivalents 5,411,727 5,320,493 5,411,727 5,320,493 2,310,489
Restricted Cash 6,213,295 8,477,796 6,213,295 8,477,796 19,721,475
Total Cash as of September 30, 2019 and 2018, respectively $ 11,625,022 $ 13,798,289 $ 22,031,964 $ 13,067,540 $ 13,067,540