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Business Segment Data (Tables)
3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
Summary of Operations in Different Segments

Information about the Company’s operations in the different segments for the three months ended March 31, 2016 and 2015 is as follows:

 

 

 

Three Months Ended

 

 

 

March 31,

2016

 

 

March 31,

2015

 

Revenues:

 

 

 

 

 

 

 

 

Income Properties

 

$

6,429,241

 

 

$

4,260,675

 

Commercial Loan Investments

 

 

881,245

 

 

 

631,484

 

Real Estate Operations

 

 

9,560,898

 

 

 

859,801

 

Golf Operations

 

 

1,464,359

 

 

 

1,537,426

 

Agriculture and Other Income

 

 

18,692

 

 

 

18,939

 

Total Revenues

 

$

18,354,435

 

 

$

7,308,325

 

Operating Income:

 

 

 

 

 

 

 

 

Income Properties

 

$

5,252,534

 

 

$

3,619,829

 

Commercial Loan Investments

 

 

881,245

 

 

 

631,484

 

Real Estate Operations

 

 

7,303,857

 

 

 

261,078

 

Golf Operations

 

 

59,771

 

 

 

147,814

 

Agriculture and Other Income

 

 

(29,359

)

 

 

(36,212

)

General and Corporate Expense

 

 

(7,074,732

)

 

 

(3,130,106

)

Total Operating Income

 

$

6,393,316

 

 

$

1,493,887

 

Depreciation and Amortization:

 

 

 

 

 

 

 

 

Income Properties

 

$

1,981,050

 

 

$

1,085,637

 

Commercial Loan Investments

 

 

 

 

 

 

Real Estate Operations

 

 

 

 

 

 

Golf Operations

 

 

68,649

 

 

 

58,776

 

Agriculture and Other

 

 

17,668

 

 

 

11,326

 

Total Depreciation and Amortization

 

$

2,067,367

 

 

$

1,155,739

 

Capital Expenditures:

 

 

 

 

 

 

 

 

Income Properties

 

$

2,730,714

 

 

$

54,264

 

Commercial Loan Investments

 

 

 

 

 

 

Real Estate Operations

 

 

 

 

 

 

Golf Operations

 

 

 

 

 

16,017

 

Agriculture and Other

 

 

15,867

 

 

 

11,072

 

Total Capital Expenditures

 

$

2,746,581

 

 

$

81,353

 

 

 

 

As of

 

 

 

March 31,

2016

 

 

December 31,

2015

 

Identifiable Assets:

 

 

 

 

 

 

 

 

Income Properties

 

$

278,538,917

 

 

$

277,519,902

 

Commercial Loan Investments

 

 

38,572,891

 

 

 

38,487,119

 

Real Estate Operations

 

 

63,574,249

 

 

 

59,787,157

 

Golf Operations

 

 

3,567,442

 

 

 

3,607,259

 

Agriculture and Other

 

 

24,001,357

 

 

 

24,952,207

 

Total Assets

 

$

408,254,856

 

 

$

404,353,644