Property, Buildings and Equipment

6 Months Ended

Jun. 30, 2014

Property Plant And Equipment [Abstract]

Note 3.

Property, Buildings and Equipment


	June 30, 2014 (Unaudited)			December 31, 2013
Land and land improvements	$	7,623,070		$	7,623,070
Buildings and recreational facilities		30,570,148			30,551,220
Machinery and equipment		17,957,959			17,368,327
Construction in progress		1,423,776			693,881

		57,574,953			56,236,498
Less accumulated depreciation		(37,814,992	)		(36,886,645	)


	$	19,759,961		$	19,349,853

The Company’s property, buildings and equipment are pledged as security for its long-term debt (see Note 5).

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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