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Business Segment Data (Tables)
 9 Months Ended
Sep. 30, 2015
Segment Reporting [Abstract]  
Summary of Operations in Different Segments

Information about the Company’s operations in the different segments for the three and nine months ended September 30, 2015 and 2014 is as follows: 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

2015

 

 

September 30,

2014

 

 

September 30,

2015

 

 

September 30,

2014

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

5,034,090

 

 

$

3,864,632

 

 

$

13,426,817

 

 

$

10,821,121

 

Commercial Loan Investments

 

 

546,640

 

 

 

382,087

 

 

 

1,816,834

 

 

 

1,581,746

 

Real Estate Operations

 

 

1,748,398

 

 

 

8,781,759

 

 

 

3,976,340

 

 

 

11,184,591

 

Golf Operations

 

 

949,083

 

 

 

994,651

 

 

 

3,935,076

 

 

 

3,844,428

 

Agriculture and Other Income

 

 

19,504

 

 

 

182,731

 

 

 

59,181

 

 

 

258,052

 

Total Revenues

 

$

8,297,715

 

 

$

14,205,860

 

 

$

23,214,248

 

 

$

27,689,938

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

4,036,330

 

 

$

3,407,763

 

 

$

11,105,324

 

 

$

9,539,741

 

Commercial Loan Investments

 

 

546,640

 

 

 

382,087

 

 

 

1,816,834

 

 

 

1,581,746

 

Real Estate Operations

 

 

1,431,785

 

 

 

5,209,677

 

 

 

2,755,151

 

 

 

7,166,932

 

Golf Operations

 

 

(406,386

)

 

 

(315,138

)

 

 

(266,237

)

 

 

(310,581

)

Agriculture and Other Income

 

 

(31,980

)

 

 

148,573

 

 

 

(90,649

)

 

 

113,362

 

General and Corporate Expense

 

 

(432,949

)

 

 

(2,814,622

)

 

 

(6,496,935

)

 

 

(7,488,692

)

Total Operating Income

 

$

5,143,440

 

 

$

6,018,340

 

 

$

8,823,488

 

 

$

10,602,508

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

1,335,214

 

 

$

815,673

 

 

$

3,413,024

 

 

$

2,301,316

 

Commercial Loan Investments

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Real Estate Operations

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Golf Operations

 

 

68,712

 

 

 

60,369

 

 

 

194,618

 

 

 

174,942

 

Agriculture and Other

 

 

13,203

 

 

 

10,576

 

 

 

36,978

 

 

 

28,749

 

Total Depreciation and Amortization

 

$

1,417,129

 

 

$

886,618

 

 

$

3,644,620

 

 

$

2,505,007

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

25,596,355

 

 

$

5,329,898

 

 

$

35,610,312

 

 

$

21,566,004

 

Commercial Loan Investments

 

 

14,500,000

 

 

 

10,450,744

 

 

 

15,394,879

 

 

 

27,399,082

 

Real Estate Operations ($5,664,787 Contributed by Consolidated VIE)

 

 

11,489,272

 

 

 

—

 

 

 

11,489,272

 

 

 

—

 

Golf Operations

 

 

2,045

 

 

 

138,854

 

 

 

108,462

 

 

 

195,015

 

Agriculture and Other

 

 

17,817

 

 

 

32,508

 

 

 

31,223

 

 

 

123,261

 

Total Capital Expenditures

 

$

51,605,489

 

 

$

15,952,004

 

 

$

62,634,148

 

 

$

49,283,362

 

 

 

 

As of

 

 

 

September 30,

2015

 

 

December 31,

2014

 

Identifiable Assets:

 

 

 

 

 

 

 

 

Income Properties

 

$

211,143,491

 

 

$

190,087,575

 

Commercial Loan Investments

 

 

38,455,112

 

 

 

30,274,302

 

Real Estate Operations

 

 

55,858,598

 

 

 

43,833,515

 

Golf Operations

 

 

3,291,350

 

 

 

3,639,903

 

Agriculture and Other

 

 

24,609,017

 

 

 

8,757,153

 

Total Assets

 

$

333,357,568

 

 

$

276,592,448