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Unaudited Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenues:        
Total revenues $ 6,365,000 $ 6,849,000 $ 12,067,000 $ 19,802,000
Costs and Expenses:        
Total expenses 8,144,000 9,956,000 17,602,000 22,726,000
Operating (loss) gain (1,779,000) (3,107,000) (5,535,000) (2,924,000)
Other (Loss) Income:        
Investment income 95,000 120,000 198,000 238,000
Other (loss) income (149,000) 37,000 31,000 88,000
Total other (loss) income (54,000) 157,000 229,000 326,000
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (1,833,000) (2,950,000) (5,306,000) (2,598,000)
Equity in earnings of unconsolidated joint ventures, net 1,560,000 1,842,000 1,788,000 3,297,000
(Loss) Income before income tax expense (273,000) (1,108,000) (3,518,000) 699,000
Income tax (benefit) expense (272,000) (380,000) (1,604,000) 232,000
Net (loss) income (1,000) (728,000) (1,914,000) 467,000
Net loss attributable to non-controlling interest (27,000) (40,000) (38,000) (54,000)
Net (loss) income attributable to common stockholders $ 26,000 $ (688,000) $ (1,876,000) $ 521,000
Net income (loss) per share attributable to common stockholders, basic, (in dollars per share) $ 0.00 $ (0.03) $ (0.09) $ 0.03
Net income (loss) per share attributable to common stockholders, diluted, (in dollars per share) $ 0.00 $ (0.03) $ (0.09) $ 0.03
Real estate - commercial/industrial        
Other (Loss) Income:        
Equity in earnings of unconsolidated joint ventures, net $ 1,560,000 $ 1,842,000 $ 1,788,000 $ 3,297,000
(Loss) Income before income tax expense 2,143,000 2,287,000 2,817,000 4,217,000
Mineral resources        
Other (Loss) Income:        
(Loss) income from operations before equity in earnings of unconsolidated joint ventures 990,000 1,387,000 1,667,000 5,434,000
Ranch operations        
Other (Loss) Income:        
(Loss) income from operations before equity in earnings of unconsolidated joint ventures (601,000) (541,000) (1,013,000) (1,050,000)
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,485,000 2,159,000 4,674,000 4,313,000
Costs and Expenses:        
Total expenses 1,902,000 1,714,000 3,645,000 3,393,000
Operating Segments | Real estate - resort/residential        
Revenues:        
Total revenues     0  
Costs and Expenses:        
Total expenses 500,000 387,000 1,130,000 929,000
Operating Segments | Mineral resources        
Revenues:        
Total revenues 1,519,000 3,187,000 3,520,000 11,927,000
Costs and Expenses:        
Total expenses 529,000 1,800,000 1,853,000 6,493,000
Operating Segments | Farming        
Revenues:        
Total revenues 1,501,000 502,000 1,932,000 1,723,000
Costs and Expenses:        
Total expenses 1,258,000 1,350,000 2,581,000 2,856,000
Operating Segments | Ranch operations        
Revenues:        
Total revenues 860,000 1,001,000 1,941,000 1,839,000
Costs and Expenses:        
Total expenses 1,461,000 1,542,000 2,954,000 2,889,000
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,494,000 $ 3,163,000 $ 5,439,000 $ 6,166,000