BUSINESS SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2014

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, 2014 and 2013 is as follows:

	Three Months Ended						Six Months Ended
	June 30, 2014			June 30, 2013			June 30, 2014			June 30, 2013
Revenues:
Income Properties	$	3,552,130		$	3,192,714		$	6,956,489		$	6,147,230
Commercial Loan Investments		255,769			—			1,199,659			—
Real Estate Operations		1,003,668			302,977			2,280,181			641,325
Golf Operations		1,432,398			1,312,826			2,849,777			2,777,511
Agriculture and Other Income		17,477			30,506			75,321			128,183
Total Revenues	$	6,261,442		$	4,839,023		$	13,361,427		$	9,694,249
Operating Income:
Income Properties	$	3,067,638		$	2,810,642		$	6,131,978		$	5,535,649
Commercial Loan Investments		255,769			—			1,199,659			—
Real Estate Operations		859,958			118,714			1,957,255			335,584
Golf Operations		(79,796	)		(112,546	)		4,557			(55,490	)
Agriculture and Other Income		(31,642	)		(24,579	)		(35,211	)		41,729
General and Corporate Expense		(2,391,628	)		(2,573,576	)		(4,674,070	)		(5,026,274	)
Total Operating Income	$	1,680,299		$	218,655		$	4,584,168		$	831,198
Depreciation and Amortization:
Income Properties	$	779,390		$	639,969		$	1,485,643		$	1,279,914
Commercial Loan Investments		—			—			—			—
Real Estate Operations		—			—			—			—
Golf Operations		57,710			50,318			114,573			99,993
Agriculture and Other		9,281			6,337			18,173			15,851
Total Depreciation and Amortization	$	846,381		$	696,624		$	1,618,389		$	1,395,758
Capital Expenditures:
Income Properties	$	15,484,082		$	4,498		$	16,236,106		$	27,810,674
Commercial Loan Investments		11,948,338			—			16,948,338			—
Real Estate Operations		—			—			—			—
Golf Operations		20,768			19,697			56,161			85,820
Agriculture and Other		38,294			24,282			90,754			45,461
Total Capital Expenditures	$	27,491,482		$	48,477		$	33,331,359		$	27,941,955

	As of
	June 30, 2014		December 31, 2013
Identifiable Assets:
Income Properties	$	166,765,529	$	151,682,578
Commercial Loan Investments		17,030,908		18,887,979
Real Estate Operations		31,636,639		29,929,179
Golf Operations		3,466,744		3,269,212
Agriculture and Other		21,679,463		22,414,732
Total Assets	$	240,579,283	$	226,183,680