ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2020

ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS

Schedule of assets and liabilities held for sale and discontinued operations

	As of September 30, 2020
	Land JV		Single-Tenant Income Properties		Total Assets (Liabilities) Held for Sale
Plant, Property, and Equipment—Net	$	—	$	26,296,202	$	26,296,202
Restricted Cash		834,044		—		834,044
Intangible Lease Assets—Net		—		2,716,968		2,716,968
Intangible Lease Liabilities—Net		—		(433,263)		(433,263)
Total Assets Held for Sale	$	834,044	$	28,579,907	$	29,413,951
Deferred Revenue	$	(831,320)	$	—	$	(831,320)
Total Liabilities Held for Sale	$	(831,320)	$	—	$	(831,320)

	As of December 31, 2019
	Land JV		Single-Tenant Income Properties		Total Assets (Liabilities) Held for Sale
Restricted Cash	$	833,167	$	—	$	833,167
Total Assets Held for Sale	$	833,167	$	—	$	833,167
Deferred Revenue	$	(831,320)	$	—	$	(831,320)
Total Liabilities Held for Sale	$	(831,320)	$	—	$	(831,320)

Summary of discontinued operations

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
Golf Operations Revenue	$	967,919	$	3,918,471
Golf Operations Direct Cost of Revenues		(1,326,150)		(4,711,113)
Loss from Operations		(358,231)		(792,642)
Loss from Discontinued Operations Before Income Tax		(358,231)		(792,642)
Income Tax Benefit		90,794		200,896
Loss from Discontinued Operations (Net of Income Tax)	$	(267,437)	$	(591,746)
Land Operations Revenue	$	418,151	$	10,968,151
Land Operations Direct Cost of Revenues		(333,664)		(6,353,235)
Income from Discontinued Operations Before Income Tax		84,487		4,614,916
Income Tax Expense		(21,414)		(1,169,650)
Income from Discontinued Operations (Net of Income Tax)	$	63,073	$	3,445,266
Total Income (Loss) from Discontinued Operations (Net of Income Tax)	$	(204,364)	$	2,853,520