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Unaudited Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues:        
Total revenues $ 11,908,000 $ 13,079,000 $ 23,975,000 $ 32,881,000
Costs and Expenses:        
Total expenses 13,465,000 14,988,000 31,067,000 37,714,000
Operating loss (1,557,000) (1,909,000) (7,092,000) (4,833,000)
Other Income:        
Investment income 91,000 112,000 289,000 350,000
Other income 52,000 32,000 83,000 120,000
Total other income 143,000 144,000 372,000 470,000
Loss from operations before equity in earnings of unconsolidated joint ventures (1,414,000) (1,765,000) (6,720,000) (4,363,000)
Equity in earnings of unconsolidated joint ventures, net 1,724,000 2,353,000 3,512,000 5,650,000
(Loss) Income before income tax expense 310,000 588,000 (3,208,000) 1,287,000
Income tax (benefit) expense 336,000 271,000 (1,268,000) 503,000
Net (loss) income (26,000) 317,000 (1,940,000) 784,000
Net loss attributable to non-controlling interest (4,000) (7,000) (42,000) (61,000)
Net (loss) income attributable to common stockholders $ (22,000) $ 324,000 $ (1,898,000) $ 845,000
Net (loss) income per share attributable to common stockholders, basic, (in dollars per share) $ 0.00 $ 0.02 $ (0.09) $ 0.04
Net (loss) income per share attributable to common stockholders, diluted, (in dollars per share) $ 0.00 $ 0.02 $ (0.09) $ 0.04
Real estate - commercial/industrial        
Revenues:        
Total revenues $ 2,432,000 $ 2,221,000 $ 7,106,000 $ 6,534,000
Other Income:        
Equity in earnings of unconsolidated joint ventures, net 1,724,000 2,353,000 3,512,000 5,650,000
(Loss) Income before income tax expense 2,841,000 2,827,000 5,658,000 7,044,000
Real estate - resort/residential        
Revenues:        
Total revenues     0  
Costs and Expenses:        
Total expenses 271,000 323,000 1,401,000 1,252,000
Mineral resources        
Revenues:        
Total revenues 1,142,000 1,125,000 4,662,000 13,052,000
Other Income:        
Loss from operations before equity in earnings of unconsolidated joint ventures 614,000 458,000 2,281,000 5,892,000
Ranch operations        
Revenues:        
Total revenues 868,000 414,000 2,809,000 2,253,000
Other Income:        
Loss from operations before equity in earnings of unconsolidated joint ventures (285,000) (960,000) (1,298,000) (2,010,000)
Operating Segments | Real estate - commercial/industrial        
Revenues:        
Total revenues 2,432,000 2,221,000 7,106,000 6,534,000
Costs and Expenses:        
Total expenses 1,315,000 1,747,000 4,960,000 5,140,000
Operating Segments | Mineral resources        
Revenues:        
Total revenues 1,142,000 1,125,000 4,662,000 13,052,000
Costs and Expenses:        
Total expenses 528,000 667,000 2,381,000 7,160,000
Operating Segments | Farming        
Revenues:        
Total revenues 7,466,000 9,319,000 9,398,000 11,042,000
Costs and Expenses:        
Total expenses 7,921,000 7,781,000 10,502,000 10,637,000
Operating Segments | Ranch operations        
Revenues:        
Total revenues 868,000 414,000 2,809,000 2,253,000
Costs and Expenses:        
Total expenses 1,153,000 1,374,000 4,107,000 4,263,000
Corporate expenses        
Costs and Expenses:        
Total expenses $ 2,277,000 $ 3,096,000 $ 7,716,000 $ 9,262,000