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Supplemental Cash Flow Information
9 Months Ended
Sep. 30, 2017
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, 2017 and 2016 was $11,851,093 and $12,277,517, respectively. Interest cost capitalized to Land Development was $368,967 and $265,341 for the nine months ended September 30, 2017 and 2016, respectively.

 

During the nine months ended September 30, 2017 and 2016, the Company had Dividend Reinvestments of $2,181,064 and $1,738,947, respectively, which required no cash transfers.