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Unaudited Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues:        
Total revenues $ 6,849,000 $ 7,000,000 $ 19,802,000 $ 23,633,000
Costs and Expenses:        
Total expenses 9,956,000 8,402,000 22,726,000 23,915,000
Operating loss (3,107,000) (1,402,000) (2,924,000) (282,000)
Other Income:        
Investment income 120,000 142,000 238,000 297,000
Other income 37,000 17,000 88,000 55,000
Total other income 157,000 159,000 326,000 352,000
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (2,950,000) (1,243,000) (2,598,000) 70,000
Equity in earnings of unconsolidated joint ventures, net 1,842,000 1,656,000 3,297,000 2,806,000
(Loss) income before income tax expense (1,108,000) 413,000 699,000 2,876,000
Income tax (benefit) expense (380,000) 36,000 232,000 898,000
Net (loss) income (728,000) 377,000 467,000 1,978,000
Net loss attributable to non-controlling interest (40,000) (29,000) (54,000) (45,000)
Net (loss) income attributable to common stockholders $ (688,000) $ 406,000 $ 521,000 $ 2,023,000
Net (loss) income per share attributable to common stockholders, basic, in dollars per share $ (0.03) $ 0.02 $ 0.03 $ 0.10
Net (loss) income per share attributable to common stockholders, diluted, in dollars per share $ (0.03) $ 0.02 $ 0.03 $ 0.10
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues $ 2,159,000 $ 1,810,000 $ 4,313,000 $ 4,089,000
Costs and Expenses:        
Total expenses 1,714,000 1,676,000 3,393,000 3,285,000
Other Income:        
Equity in earnings of unconsolidated joint ventures, net   1,656,000   2,806,000
(Loss) income before income tax expense 2,287,000 1,790,000 4,217,000 3,610,000
Operating Segments | Real estate - resort/residential        
Revenues:        
Total revenues     0  
Costs and Expenses:        
Total expenses 387,000 576,000 929,000 1,327,000
Operating Segments | Mineral resources        
Revenues:        
Total revenues 3,187,000 2,652,000 11,927,000 12,852,000
Costs and Expenses:        
Total expenses 1,800,000 723,000 6,493,000 6,417,000
Other Income:        
(Loss) income from operations before equity in earnings of unconsolidated joint ventures 1,387,000 1,929,000 5,434,000 6,435,000
Operating Segments | Farming        
Revenues:        
Total revenues 502,000 1,323,000 1,723,000 4,394,000
Costs and Expenses:        
Total expenses 1,350,000 1,244,000 2,856,000 3,587,000
Operating Segments | Ranch operations        
Revenues:        
Total revenues 1,001,000 1,215,000 1,839,000 2,298,000
Costs and Expenses:        
Total expenses 1,542,000 1,419,000 2,889,000 3,012,000
Other Income:        
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (541,000) (204,000) (1,050,000) (714,000)
Corporate expenses        
Costs and Expenses:        
Total expenses $ 3,163,000 $ 2,764,000 $ 6,166,000 $ 6,287,000