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Unaudited Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues:        
Total revenues $ 13,079,000 $ 11,946,000 $ 32,881,000 $ 35,579,000
Costs and Expenses:        
Total expenses 14,988,000 15,487,000 37,714,000 39,402,000
Operating loss (1,909,000) (3,541,000) (4,833,000) (3,823,000)
Other Income:        
Investment income 112,000 116,000 350,000 413,000
Other income 32,000 125,000 120,000 180,000
Total other income 144,000 241,000 470,000 593,000
(Loss) from operations before equity in earnings of unconsolidated joint ventures (1,765,000) (3,300,000) (4,363,000) (3,230,000)
Equity in earnings of unconsolidated joint ventures, net 2,353,000 2,055,000 5,650,000 4,861,000
Income (loss) before income tax expense 588,000 (1,245,000) 1,287,000 1,631,000
Income tax expense (benefit) 271,000 (434,000) 503,000 464,000
Net income (loss) 317,000 (811,000) 784,000 1,167,000
Net loss attributable to non-controlling interest (7,000) (23,000) (61,000) (68,000)
Net income (loss) attributable to common stockholders $ 324,000 $ (788,000) $ 845,000 $ 1,235,000
Net income (loss) per share attributable to common stockholders, basic, in dollars per share $ 0.02 $ (0.04) $ 0.04 $ 0.06
Net income (loss) per share attributable to common stockholders, diluted, in dollars per share $ 0.02 $ (0.04) $ 0.04 $ 0.06
Real estate - commercial/industrial        
Other Income:        
Equity in earnings of unconsolidated joint ventures, net $ 2,353,000 $ 2,055,000 $ 5,650,000 $ 4,861,000
Income (loss) before income tax expense 2,827,000 2,557,000 7,044,000 6,167,000
Mineral resources        
Other Income:        
(Loss) from operations before equity in earnings of unconsolidated joint ventures 458,000 716,000 5,892,000 7,151,000
Ranch operations        
Other Income:        
(Loss) from operations before equity in earnings of unconsolidated joint ventures (960,000) (1,227,000) (2,010,000) (1,941,000)
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,221,000 2,101,000 6,534,000 6,190,000
Costs and Expenses:        
Total expenses 1,747,000 1,599,000 5,140,000 4,884,000
Operating Segments | Real estate - resort/residential        
Revenues:        
Total revenues     0  
Costs and Expenses:        
Total expenses 323,000 558,000 1,252,000 1,885,000
Operating Segments | Mineral resources        
Revenues:        
Total revenues 1,125,000 1,322,000 13,052,000 14,174,000
Costs and Expenses:        
Total expenses 667,000 606,000 7,160,000 7,023,000
Operating Segments | Farming        
Revenues:        
Total revenues 9,319,000 8,076,000 11,042,000 12,470,000
Costs and Expenses:        
Total expenses 7,781,000 8,123,000 10,637,000 11,710,000
Operating Segments | Ranch operations        
Revenues:        
Total revenues 414,000 447,000 2,253,000 2,745,000
Costs and Expenses:        
Total expenses 1,374,000 1,674,000 4,263,000 4,686,000
Corporate expenses        
Costs and Expenses:        
Total expenses $ 3,096,000 $ 2,927,000 $ 9,262,000 $ 9,214,000