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Deferred Revenue (Tables)
12 Months Ended
Dec. 31, 2015
Deferred Revenue Disclosure [Abstract]  
Summary of Deferred Revenue

Deferred revenue consisted of the following:  

 

 

 

As of

 

 

 

December 31,

2015

 

 

December 31,

2014

 

Deferred Oil Exploration Lease Revenue

 

$

885,822

 

 

$

1,354,873

 

Deferred Land Sale Revenue

 

 

12,656,773

 

 

 

87,581

 

Prepaid Rent

 

 

907,325

 

 

 

674,165

 

Escrow Reserve, Container Store Loan

 

 

 

 

 

144,124

 

Escrow Reserve, Plantation Oaks Loan

 

 

 

 

 

65,216

 

Other Deferred Revenue

 

 

274,690

 

 

 

392,584

 

Total Deferred Revenue

 

$

14,724,610

 

 

$

2,718,543