XML 84 R4.htm IDEA: XBRL DOCUMENT v3.20.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total Revenues $ 12,838,432 $ 10,959,319
Direct Cost of Revenues    
Total Direct Cost of Revenues (3,637,461) (1,978,655)
General and Administrative Expenses (3,091,740) (2,501,620)
Impairment Charges (1,904,500)  
Depreciation and Amortization (4,552,471) (3,346,287)
Total Operating Expenses (13,186,172) (7,826,562)
Gain on Disposition of Assets   6,869,957
Gain on Extinguishment of Debt 636,937  
Other Gains and Income 636,937 6,869,957
Total Operating Income 289,197 10,002,714
Investment and Other Income (Loss) (13,186,398) 38,755
Interest Expense (3,452,598) (2,923,229)
Income (Loss) from Continuing Operations Before Income Tax Expense (16,349,799) 7,118,240
Income Tax Benefit (Expense) from Continuing Operations 4,087,940 (1,774,640)
Income (Loss) from Continuing Operations (12,261,859) 5,343,600
Income from Discontinued Operations (Net of Income Tax)—See Note 23   1,124,499
Net Income (Loss) $ (12,261,859) $ 6,468,099
Basic and Diluted    
Net Income (Loss) from Continuing Operations $ (2.60) $ 1.00
Net Income from Discontinued Operations (Net of Income Tax)   0.21
Basic and Diluted Net Income (Loss) per Share (2.60) 1.21
Dividends Declared and Paid (in dollars per share) $ 0.25 $ 0.10
Income Properties    
Revenues    
Total Revenues $ 11,003,031 $ 10,724,418
Direct Cost of Revenues    
Total Direct Cost of Revenues (2,113,095) (1,932,488)
Depreciation and Amortization (4,547,421) (3,339,856)
Management Fee Income    
Revenues    
Total Revenues 702,601  
Interest Income from Commercial Loan Investments    
Revenues    
Total Revenues 1,052,049  
Real Estate Operations    
Revenues    
Total Revenues 80,751 234,901
Direct Cost of Revenues    
Total Direct Cost of Revenues $ (1,524,366) $ (46,167)