Supplemental Cash Flow Information

9 Months Ended

Sep. 30, 2016

Supplemental Cash Flow Elements [Abstract]

Supplemental Cash Flow Information

NOTE 10 - SUPPLEMENTAL CASH FLOW INFORMATION

Cash paid for interest during the nine months ended September 30, 2016 and 2015 was $12,473,039 and $9,462,045, respectively. Interest cost capitalized to Land Development was $265,341 and $220,200 for the nine months ended September 30, 2016 and 2015, respectively.

During the nine months ended September 30, 2015, the Company assumed a $2.3 million mortgage for the acquisition of one community.

During the nine months ended September 30, 2016 and 2015, the Company had Dividend Reinvestments of $1,738,947 and $1,485,061, respectively, which required no cash transfers.