7. DISCONTINUED OPERATIONS AND REAL ESTATE (TABLES)

6 Months Ended

Jun. 30, 2014

DISCONTINUED OPERATIONS AND REAL ESTATE (TABLES)

DISCONTINUED OPERATIONS AND REAL ESTATE (TABLES)

We have classified the results of operations for the real estate interests discussed above into discontinued operations in the accompanying condensed consolidated financial statements of comprehensive income.

	For the three months		For the six months
	ended June 30,		ended June 30,
Revenues:	2013		2013
Rental and related revenue	$	—	$	171,000
Food & beverage sales		—		1,950,000
Marina revenue		—		382,000
Other		—		—
Total revenue	$	—	$	2,503,000
Expenses:
Rental operating expenses		—		97,000
Food & beverage operation expenses		—		1,430,000
Marina expenses		—		178,000
Professional fees		—		53,000
Interest expense		—		190,000
Depreciation, amortization and other expenses		—		199,000
Total expenses	$	—	$	2,147,000
Less: noncontrolling interest sold		—		(212,000	)
Gain on sale of discontinued operations		313,000		18,839,000
Benefit from (provision for) income tax expense on gain on sale of discontinued ops		296,000		(1,068,000	)
Income from discontinued operations	$	609,000	$	17,915,000