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Business Segment Data (Tables)
 6 Months Ended
Jun. 30, 2016
Segment Reporting [Abstract]  
Summary of Operations in Different Segments

Information about the Company’s operations in the different segments for the three and six months ended June 30, 2016 and 2015 is as follows: 

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

2016

 

 

June 30,

2015

 

 

June 30,

2016

 

 

June 30,

2015

 

Revenues:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

6,033,082

 

 

$

4,132,052

 

 

$

12,462,323

 

 

$

8,392,727

 

Commercial Loan Investments

 

 

635,050

 

 

 

638,710

 

 

 

1,516,295

 

 

 

1,270,194

 

Real Estate Operations

 

 

4,774,620

 

 

 

1,368,141

 

 

 

14,335,518

 

 

 

2,227,942

 

Golf Operations

 

 

1,412,196

 

 

 

1,448,567

 

 

 

2,876,555

 

 

 

2,985,993

 

Agriculture and Other Income

 

 

18,990

 

 

 

20,738

 

 

 

37,682

 

 

 

39,677

 

Total Revenues

 

$

12,873,938

 

 

$

7,608,208

 

 

$

31,228,373

 

 

$

14,916,533

 

Operating Income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

4,829,042

 

 

$

3,449,165

 

 

$

10,081,576

 

 

$

7,068,994

 

Commercial Loan Investments

 

 

635,050

 

 

 

638,710

 

 

 

1,516,295

 

 

 

1,270,194

 

Real Estate Operations

 

 

3,649,979

 

 

 

1,062,288

 

 

 

10,953,836

 

 

 

1,323,366

 

Golf Operations

 

 

(34,980

)

 

 

(7,665

)

 

 

24,791

 

 

 

140,149

 

Agriculture and Other Income

 

 

(33,664

)

 

 

(22,457

)

 

 

(63,023

)

 

 

(58,669

)

General and Corporate Expense

 

 

(4,312,559

)

 

 

(2,933,880

)

 

 

(11,387,291

)

 

 

(6,063,986

)

Total Operating Income

 

$

4,732,868

 

 

$

2,186,161

 

 

$

11,126,184

 

 

$

3,680,048

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

1,724,573

 

 

$

992,172

 

 

$

3,705,623

 

 

$

2,077,809

 

Golf Operations

 

 

68,619

 

 

 

67,130

 

 

 

137,268

 

 

 

125,906

 

Agriculture and Other

 

 

12,367

 

 

 

12,450

 

 

 

30,035

 

 

 

23,776

 

Total Depreciation and Amortization

 

$

1,805,559

 

 

$

1,071,752

 

 

$

3,872,926

 

 

$

2,227,491

 

Capital Expenditures:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Income Properties

 

$

122,260

 

 

$

9,959,693

 

 

$

2,918,580

 

 

$

10,013,957

 

Commercial Loan Investments

 

 

—

 

 

 

733,083

 

 

 

—

 

 

 

894,879

 

Golf Operations

 

 

13,161

 

 

 

90,400

 

 

 

13,161

 

 

 

106,417

 

Agriculture and Other

 

 

—

 

 

 

2,334

 

 

 

15,867

 

 

 

13,406

 

Total Capital Expenditures

 

$

135,421

 

 

$

10,785,510

 

 

$

2,947,608

 

 

$

11,028,659

 

 

 

 

As of

 

 

 

June 30,

2016

 

 

December 31,

2015

 

Identifiable Assets:

 

 

 

 

 

 

 

 

Income Properties

 

$

258,494,674

 

 

$

277,519,902

 

Commercial Loan Investments

 

 

24,076,474

 

 

 

38,487,119

 

Real Estate Operations

 

 

65,252,380

 

 

 

59,787,157

 

Golf Operations

 

 

3,257,527

 

 

 

3,607,259

 

Agriculture and Other

 

 

36,049,083

 

 

 

24,952,207

 

Total Assets

 

$

387,130,138

 

 

$

404,353,644