NOTE 12. OTHER ASSETS

Other assets consisted of the following:


	As of
	March 31, 2020		December 31, 2019
Income Property Tenant Receivables	$	1,410,941	$	532,636
Income Property Straight-line Rent Adjustment		3,747,983		3,352,245
Interest Receivable from Commercial Loan Investment		144,176		96,604
Operating Leases - Right-of-Use Asset		334,394		363,631
Golf Rounds Surcharge - LPGA		526,858		549,251
Cash Flow Hedge - Interest Rate Swap		—		99,021
Infrastructure Reimbursement Receivables		1,598,712		1,591,445
Deferred Deal Costs		20,622		4,787
Prepaid Expenses, Deposits, and Other		2,501,257		3,113,929
Total Other Assets	$	10,284,943	$	9,703,549

Infrastructure Reimbursement Receivables. As of March 31, 2020 and December 31, 2019, the Infrastructure Reimbursement Receivables were all related to the land sales within the Tomoka Town Center. The balance as of March 31, 2020 consisted of approximately $1,100,000 due from Tanger for infrastructure reimbursement to be repaid in seven remaining annual installments of $175,000, net of a discount of approximately $129,000, and approximately $503,000 due from Sam’s Club for infrastructure reimbursement to be repaid in five remaining annual installments of $110,000, net of a discount of approximately $47,000.

Operating Leases – Right-of-Use Asset. The Company implemented FASB ASC Topic 842, Leases, effective January 1, 2019, resulting in a cumulative effect adjustment to increase right-of-use assets and related liabilities for operating leases for which the Company is the lessee.