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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Revenues        
Income Properties $ 4,132,052 $ 3,552,130 $ 8,392,727 $ 6,956,489
Interest Income from Commercial Loan Investments 638,710 255,769 1,270,194 1,199,659
Real Estate Operations 1,368,141 1,053,585 2,227,942 2,402,832
Golf Operations 1,448,567 1,432,398 2,985,993 2,849,777
Agriculture and Other Income 20,738 17,477 39,677 75,321
Total Revenues 7,608,208 6,311,359 14,916,533 13,484,078
Direct Cost of Revenues        
Income Properties (682,887) (484,492) (1,323,733) (824,511)
Real Estate Operations (305,853) (193,627) (904,576) (445,577)
Golf Operations (1,456,232) (1,512,194) (2,845,844) (2,845,220)
Agriculture and Other Income (43,195) (49,119) (98,346) (110,532)
Total Direct Cost of Revenues (2,488,167) (2,239,432) (5,172,499) (4,225,840)
General and Administrative Expenses (1,874,877) (1,545,247) (3,344,643) (3,055,681)
Impairment Charges     (510,041) 0
Depreciation and Amortization (1,071,752) (846,381) (2,227,491) (1,618,389)
Gain on Disposition of Assets 12,749   18,189  
Total Operating Expenses (5,422,047) (4,631,060) (11,236,485) (8,899,910)
Operating Income 2,186,161 1,680,299 3,680,048 4,584,168
Investment Income 74,818 14,371 225,277 28,318
Interest Expense (1,888,434) (517,778) (2,954,936) (985,429)
Income Before Income Tax Expense 372,545 1,176,892 950,389 3,627,057
Income Tax Expense (147,928) (453,984) (372,416) (1,403,742)
Net Income $ 224,617 $ 722,908 $ 577,973 $ 2,223,315
Per Share Information:Basic and Diluted        
Net Income $ 0.04 $ 0.13 $ 0.10 $ 0.39
Dividends Declared and Paid $ 0.04 $ 0.03 $ 0.04 $ 0.03