XML 130 R116.htm IDEA: XBRL DOCUMENT v3.3.1.900
Income Taxes - Summary of Deferred Income Tax Assets (Liabilities) (Detail) - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Deferred Income Tax Assets    
Depreciation $ 2,833,613 $ 2,541,509
Intangible Lease Liabilities 12,336,115  
Deferred Revenue on Land Sales 4,524,189  
Deferred Oil Lease Income 405,313 545,179
Deferred Lease Expense 1,003,967 1,147,181
Pension and Other Post Retirement Benefits   55,083
Stock Options 1,020,855 621,489
Unrealized Loss on Investment Securities 432,677  
Impairment Reserves 1,688,979 1,688,979
Other - Net 381,897 80,501
Gross Deferred Income Tax Assets 24,627,605 6,679,921
Less - Valuation Allowance (415,453) (415,453)
Net Deferred Income Tax Assets 24,212,152 6,264,468
Deferred Income Tax Liabilities    
Sales of Real Estate (62,067,529) (39,635,433)
Discount on Equity Component of Convertible Debt (1,150,507)  
Basis Difference in Joint Venture (342,015) (342,015)
Other - Net (178,507) (325,462)
Total Deferred Income Tax Liabilities (63,738,558) (40,302,910)
Net Deferred Income Tax Liabilities $ (39,526,406) $ (34,038,442)