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Accrued Liabilities (Tables)
12 Months Ended
Dec. 31, 2015
Payables And Accruals [Abstract]  
Summary of Accrued Liabilities

Accrued liabilities consist of the following:

 

 

 

As of

 

 

 

December 31,

2015

 

 

December 31,

2014

 

Golf Course Lease

 

$

2,602,638

 

 

$

2,973,898

 

Accrued Property Taxes

 

 

40,042

 

 

 

 

Other Post-Retirement Benefits

 

 

 

 

 

142,797

 

Reserve for Tenant Improvements

 

 

812,493

 

 

 

551,250

 

Accrued Interest

 

 

1,195,231

 

 

 

197,929

 

Environmental Reserve and Restoration Cost Accrual

 

 

2,405,635

 

 

 

108,733

 

Other

 

 

1,811,880

 

 

 

1,426,902

 

Total Accrued and Other Liabilities

 

$

8,867,919

 

 

$

5,401,509