INVESTMENTS IN JOINT VENTURES (Tables)

6 Months Ended

Jun. 30, 2020

Land JV

Summarized financial information of the Company's JV Investment

The following table provides summarized financial information of the Land JV as of June 30, 2020 and December 31, 2019:

	As of
	June 30, 2020		December 31, 2019
	($000's)		($000's)
Assets, cash and cash equivalents	$	816	$	15,066
Assets, prepaid expenses		190		61
Assets, investment in land assets		14,667		17,058
Total Assets	$	15,673	$	32,185
Liabilities, accounts payable, deferred revenue	$	227	$	987
Equity	$	15,446	$	31,198
Total Liabilities & Equity	$	15,673	$	32,185

The following table provides summarized financial information of the Land JV for the three and six months ended June 30, 2020. There was no activity for the three and six months ended June 30, 2019.

	Three Months Ended		Six Months Ended
	June 30, 2020		June 30, 2020
	($000's)		($000's)
Revenues	$	680	$	7,826
Direct Cost of Revenues		269		3,375
Operating Income	$	411	$	4,451
Other Operating Expenses	$	137	$	274
Net Income	$	274	$	4,177

Mitigation Bank

Summarized financial information of the Company's JV Investment

The following tables provide summarized financial information of the Mitigation Bank JV as of June 30, 2020 and December 31, 2019:

	As of
	June 30, 2020		December 31, 2019
	($000's)		($000's)
Assets, cash and cash equivalents	$	1,905	$	4,015
Assets, prepaid expenses		41		19
Assets, investment in mitigation credit assets		1,477		1,521
Assets, property, plant, and equipment		16		17
Total Assets	$	3,439	$	5,572
Liabilities, accounts payable, deferred mitigation credit sale revenue	$	19	$	39
Equity	$	3,420	$	5,533
Total Liabilities & Equity	$	3,439	$	5,572

The following table provides summarized financial information of the Mitigation Bank JV for the three and six months ended June 30, 2020 and 2019:

	Three Months Ended				Six Months Ended
	June 30, 2020		June 30, 2019		June 30, 2020		June 30, 2019
	($000's)		($000's)		($000's)		($000's)
Revenues	$	12	$	—	$	1,878	$	47
Direct Cost of Revenues		1		—		81		4
Operating Income	$	11	$	—	$	1,797	$	43
Other Operating Expenses	$	72	$	56	$	148	$	127
Net Income	$	(61)	$	(56)	$	1,649	$	(84)