CTO Realty Growth (CTO) 10-K27 Feb 152014 FY Annual reportFinancial data

Company Profile

Document_and_Entity_Informatio

Document and Entity Information (USD $)	12 Months Ended
Document and Entity Information (USD $)	Dec. 31, 2014	Feb. 20, 2015	Jun. 30, 2014
Document And Entity Information [Abstract]
Document Type	10-K
Amendment Flag	FALSE
Document Period End Date	31-Dec-14
Document Fiscal Year Focus	2014
Document Fiscal Period Focus	FY
Trading Symbol	CTO
Entity Registrant Name	CONSOLIDATED TOMOKA LAND CO
Entity Central Index Key	23795
Current Fiscal Year End Date	-19
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		5,905,621
Entity Public Float			$264,227,068

Consolidated_Balance_Sheets

Consolidated Balance Sheets (USD $)	Dec. 31, 2014	Dec. 31, 2013
Property, Plant, and Equipment:
Land, Timber, and Subsurface Interests	$15,316,566	$15,291,911
Golf Buildings, Improvements, and Equipment	3,323,177	3,103,979
Income Properties, Land, Buildings, and Improvements	193,977,711	154,902,374
Other Furnishings and Equipment	1,008,150	955,597
Construction in Progress		987,303
Total Property, Plant, and Equipment	213,625,604	175,241,164
Less, Accumulated Depreciation and Amortization	-15,628,153	-13,260,856
Property, Plant, and Equipment - Net	197,997,451	161,980,308
Land and Development Costs	23,205,749	23,768,914
Intangible Assets - Net	7,339,417	6,359,438
Impact Fee and Mitigation Credits	5,195,764	6,081,433
Commercial Loan Investments	30,208,074	18,845,053
Cash and Cash Equivalents	1,881,195	4,932,512
Restricted Cash	4,440,098	366,645
Investment Securities	821,436	729,814
Net Pension Asset	0	407,670
Refundable Income Taxes	267,280
Other Assets	4,566,291	2,711,893
Total Assets	275,922,755	226,183,680
Liabilities:
Accounts Payable	859,225	872,331
Accrued Liabilities	5,401,509	4,726,809
Deferred Revenue	2,718,543	3,344,351
Accrued Stock-Based Compensation	560,326	247,671
Income Taxes Payable		1,044,061
Deferred Income Taxes - Net	34,038,442	32,552,068
Long-Term Debt	103,940,011	63,227,032
Total Liabilities	147,518,056	106,014,323
Shareholders' Equity:
Common Stock -25,000,000 shares authorized; $1 par value, 5,922,130 shares issued and 5,881,660 shares outstanding at December 31, 2014; 5,866,759 shares issued and 5,852,125 shares outstanding at December 31, 2013	5,862,063	5,767,192
Treasury Stock - 40,470 shares at December 31, 2014; 14,634 shares at December 31, 2013	-1,381,566	-453,654
Additional Paid-In Capital	11,289,846	8,509,976
Retained Earnings	112,561,115	106,581,305
Accumulated Other Comprehensive Income (Loss)	73,241	-235,462
Total Shareholders' Equity	128,404,699	120,169,357
Total Liabilities and Shareholders' Equity	$275,922,755	$226,183,680

Consolidated_Balance_Sheets_Pa

Consolidated Balance Sheets (Parenthetical) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Statement of Financial Position [Abstract]
Common Stock, shares authorized	25,000,000	25,000,000
Common Stock, par value	$1	$1
Common Stock, shares issued	5,922,130	5,866,759
Common Stock, shares outstanding	5,881,660	5,852,125
Treasury Stock, shares held	40,470	14,634

Consolidated_Statements_of_Ope

Consolidated Statements of Operations (USD $)	12 Months Ended
Consolidated Statements of Operations (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Revenues
Income Properties	$14,969,647	$12,828,214	$8,463,082
Interest Income from Commercial Loan Investments	2,190,924	1,712,913
Real Estate Operations	12,955,820	5,945,510	3,098,840
Golf Operations	5,125,501	5,074,898	4,506,069
Agriculture and Other Income	277,831	276,309	164,979
Total Revenues	35,519,723	25,837,844	16,232,970
Direct Cost of Revenues
Income Properties	-1,954,534	-1,333,974	-676,096
Real Estate Operations	-4,325,375	-3,653,901	-705,062
Golf Operations	-5,530,743	-5,487,075	-5,393,633
Agriculture and Other Income	-189,304	-148,360	-198,834
Total Direct Cost of Revenues	-11,999,956	-10,623,310	-6,973,625
General and Administrative Expenses	-7,017,236	-5,433,562	-6,624,584
Impairment Charges	-421,040	-616,278
Depreciation and Amortization	-3,490,485	-2,885,317	-2,010,505
Gain on Disposition of Assets	1,500		239,645
Total Operating Expenses	-22,927,217	-19,558,467	-15,369,069
Operating Income	12,592,506	6,279,377	863,901
Interest Income	61,736	405	1,485
Interest Expense	-2,439,561	-1,826,564	-648,683
Loss on Early Extinguishment of Debt			-245,726
Income (Loss) from Continuing Operations Before Income Tax	10,214,681	4,453,218	-29,023
Income Tax (Expense) Benefit	-3,830,863	-1,891,680	28,722
Income (Loss) from Continuing Operations	6,383,818	2,561,538	-301
Income from Discontinued Operations (Net of Tax)		1,121,709	599,503
Net Income	$6,383,818	$3,683,247	$599,202
Per Share Information: Basic
Income from Continuing Operations	$1.11	$0.44
Income from Discontinued Operations (Net of Tax)		$0.20	$0.10
Net Income	$1.11	$0.64	$0.10
Per Share Information: Diluted
Income from Continuing Operations	$1.10	$0.44
Income from Discontinued Operations (Net of Tax)		$0.20	$0.10
Net Income	$1.10	$0.64	$0.10
Dividends Declared and Paid	$0.07	$0.06	$0.04

Consolidated_Statements_of_Com

Consolidated Statements of Comprehensive Income (USD $)	12 Months Ended
Consolidated Statements of Comprehensive Income (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Net Income	$6,383,818	$3,683,247	$599,202
Other Comprehensive Income
Unrealized Gain on Investment Securities (Net of Tax of $44,022, $-, and $-, respectively)	73,241
Pension Actuarial Net Gain (Loss) (Net of Tax of $147,878, $629,200, and $67,859, respectively)	235,462	1,002,018	-108,055
Total Other Comprehensive Income (Loss), Net of Tax	308,703	1,002,018	-108,055
Total Comprehensive Income	$6,692,521	$4,685,265	$491,147

Consolidated_Statements_of_Com1

Consolidated Statements of Comprehensive Income (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income Unrealized Gain on Investment Securities, tax	$44,022
Other Comprehensive Income Pension actuarial net gain (loss), tax	$147,878	$629,200	$67,859

Consolidated_Statements_of_Sha

Consolidated Statements of Shareholders' Equity (USD $)	Total	Common Stock [Member]	Treasury Stock [Member]	Additional Paid-In Capital [Member]	Retained Earnings [Member]	Accumulated Other Comprehensive Income (Loss) [Member]
Beginning balance at Dec. 31, 2011	$113,164,443	$5,724,147		$5,697,554	$102,872,167	($1,129,425)
Net Income	599,202				599,202
Stock Repurchase	-453,654		-453,654
Exercise of Stock Options	59,696	1,989		57,707
Stock Compensation Expense from Restricted Stock Grants and Equity Classified Stock Options	993,255			993,255
Stock Options	190,507			190,507
Cash Dividends	-228,726				-228,726
Other Comprehensive Income (Loss)	-108,055					-108,055
Ending balance at Dec. 31, 2012	114,216,668	5,726,136	-453,654	6,939,023	103,242,643	-1,237,480
Net Income	3,683,247				3,683,247
Exercise of Stock Options	700,123	22,556		677,567
Vested Restricted Stock	119,532	18,500		101,032
Stock Compensation Expense from Restricted Stock Grants and Equity Classified Stock Options	792,354			792,354
Cash Dividends	-344,585				-344,585
Other Comprehensive Income (Loss)	1,002,018					1,002,018
Ending balance at Dec. 31, 2013	120,169,357	5,767,192	-453,654	8,509,976	106,581,305	-235,462
Net Income	6,383,818				6,383,818
Stock Repurchase	-927,912		-927,912
Exercise of Stock Options	1,560,339	38,235		1,522,104
Vested Restricted Stock	687,354	56,500		630,854
Stock Issuance	6,242	136		6,106
Stock Compensation Expense from Restricted Stock Grants and Equity Classified Stock Options	620,806			620,806
Cash Dividends	-404,008				-404,008
Other Comprehensive Income (Loss)	308,703					308,703
Ending balance at Dec. 31, 2014	$128,404,699	$5,862,063	($1,381,566)	$11,289,846	$112,561,115	$73,241

Consolidated_Statements_of_Sha1

Consolidated Statements of Shareholders' Equity (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Dividends Declared and Paid, Per Share	$0.07	$0.06	$0.04
Common Stock [Member]
Dividends Declared and Paid, Per Share	$0.07	$0.06	$0.04

Consolidated_Statements_of_Cas

Consolidated Statements of Cash Flows (USD $)	12 Months Ended
Consolidated Statements of Cash Flows (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cash Flow from Operating Activities:
Net Income	$6,383,818	$3,683,247	$599,202
Adjustments to Reconcile Net Income to Net Cash Provided By (Used In) Operating Activities:
Depreciation and Amortization	3,490,485	2,974,587	2,211,516
Loan Cost Amortization	256,332	202,500	112,666
Loss on Early Extinguishment of Debt			245,726
Gain on Disposition of Property, Plant, and Equipment and Intangible Assets	-1,500	-1,242,295	-239,645
Loss (Gain) on Disposition of Assets Held for Sale		26,367	-78,455
Realized Gain on Sales of Investment Securities	-4,835
Impairment of Assets Held for Sale			426,794
Impairment of Long-Lived Assets	421,040	616,278
Discount Accretion on Commercial Loan Investments	-649,658	-1,403,842
Accretion of Commercial Loan Investments Origination Fees	-20,326
Amortization of Fees on Acquisition of Commercial Loan Investments	29,711	60,805
Deferred Income Taxes	1,677,814	194,563	297,222
Non-Cash Compensation	1,271,924	901,447	1,047,335
Decrease (Increase) in Assets:
Refundable Income Taxes	-267,280	239,720	160,185
Land and Development Costs	563,165	3,463,333	-22,601
Impact Fees and Mitigation Credits	885,669	231,986	347,548
Net Pension Asset	407,670
Other Assets	-2,110,730	-912,225	-936,467
Increase (Decrease) in Liabilities:
Accounts Payable	-13,106	431,790	54,855
Accrued Liabilities	674,700	-800,235	-556,293
Deferred Revenue	-625,808	2,493,400	102,905
Net Pension Obligation		-1,317,683	-268,830
Income Taxes Payable	-1,044,061	1,044,061
Net Cash Provided By (Used In) Operating Activities	11,325,024	10,887,804	3,503,663
Cash Flow From Investing Activities:
Acquisition of Property, Plant, and Equipment	-42,192,815	-37,868,099	-24,916,936
Acquisition of Intangible Assets	-1,933,357	-2,920,739	-1,478,688
Acquisition of Commercial Loan Investments	-30,187,748	-17,658,204
Decrease (Increase) in Restricted Cash	-4,073,453	-366,645	2,779,511
Proceeds from Sales of Investment Securities	30,476
Acquisition of Investment Securities		-729,814
Proceeds from Disposition of Property, Plant, and Equipment - Net	3,219,025	14,335,817	480,150
Proceeds from Disposition of Assets Held for Sale - Net		3,407,133	7,773,165
Principal Payments Received on Commercial Loan Investments	19,465,000	95,000
Net Cash Provided By (Used In) Investing Activities	-55,672,872	-41,705,551	-15,362,798
Cash Flow from Financing Activities:
Proceeds from Long-Term Debt	91,775,000	87,750,000	34,765,849
Payments on Long-Term Debt	-51,062,021	-53,649,817	-20,905,714
Cash Proceeds (Disbursements) from Exercise of Stock Options	1,228,118	591,890	-23,055
Cash Used to Repurchase Common Stock	-927,912		-453,654
Cash from Excess Tax Benefit from Vesting of Restricted Stock	687,354	101,032
Dividends Paid	-404,008	-344,585	-228,726
Net Cash Provided by (Used In) Financing Activities	41,296,531	34,448,520	13,154,700
Net Increase (Decrease) in Cash	-3,051,317	3,630,773	1,295,565
Cash, Beginning of Year	4,932,512	1,301,739	6,174
Cash, End of Year	$1,881,195	$4,932,512	$1,301,739

Consolidated_Statements_of_Cas1

Consolidated Statements of Cash Flows (Parenthetical) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Statement of Cash Flows [Abstract]
Interest paid	$2,100,000	$1,600,000	$491,000
Interest paid	2,100,000	1,600,000	491,000
Interest paid, capitalized	11,000	8,000	0
Income taxes paid	3,000,000	1,600,000
Income tax refunds			177,500
Non-cash conveyance of certain real property for legal settlement		$703,000

Summary_of_Significant_Account

Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Summary of Significant Accounting Policies	NOTE 1.	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

	NATURE OF OPERATIONS

	We are a diversified real estate operating company. We own and manage forty-three commercial real estate properties in ten states in the U.S. As of December 31, 2014, we owned thirty-six single-tenant and seven multi-tenant income-producing properties with over 1,100,000 square feet of gross leasable space. We also own and manage a land portfolio of over 10,500 acres. As of December 31, 2014, we had five commercial loan investments including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan, and a variable-rate first mortgage loan. Our golf operations consist of the LPGA International golf club, which is managed by a third party. We also lease property for twenty-one billboards, have agricultural operations that are managed by a third party, which consists of leasing land for hay and sod production, timber harvesting, and hunting leases, and own and manage subsurface interests. The results of our agricultural and subsurface leasing operations are included in Agriculture and Other Income and Real Estate Operations, respectively, in our consolidated statements of operations.

	PRINCIPLES OF CONSOLIDATION

	The consolidated financial statements include the accounts of Consolidated-Tomoka Land Co. and its consolidated subsidiaries (we, our, us, or the “Company”). Any real estate entities or properties included in the consolidated financial statements have been consolidated only for the periods that such entities or properties were owned or under control by us. All significant inter-company balances and transactions have been eliminated in the consolidated financial statements.

	USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS

	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

	CASH AND CASH EQUIVALENTS

	Cash and cash equivalents includes cash on hand, bank demand accounts, and money market accounts having maturities at acquisition date of 90 days or less.

	RESTRICTED CASH

	Restricted cash totaled approximately $4.4 million at December 31, 2014 of which approximately $3.1 million of cash is being held in escrow from the sale of the income property in Apopka, Florida to be reinvested through the like-kind exchange structure into another income property, approximately $185,000 is being held in a reserve primarily for property taxes and insurance escrows in connection with our financing of two properties acquired in January 2013, approximately $65,000 is being held in a reserve for future interest payment in connection to our Plantation Oaks commercial loan investment, approximately $284,000 is being held in escrow related to a land transaction which closed in December 2013, approximately $170,000 is being held in reserve for future interest and property tax payments in connection with our construction loan on a Container Store in Glendale, Arizona, and approximately $581,000 is being held in a reserve related to certain required tenant improvements for the Lowes in Katy, Texas.

	INVESTMENT SECURITIES

	The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date in accordance with ASC Topic 320, Investments – Debt and Equity Securities. Marketable equity securities not classified as held-to-maturity or as trading, are classified as available-for-sale, and are carried at fair market value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in shareholders’ equity. The fair value of securities is determined by quoted market prices.



	FAIR VALUE OF FINANCIAL INSTRUMENTS

	The carrying amounts of the Company’s financial assets and liabilities including cash and cash equivalents, restricted cash, investment securities, accounts receivable, and accounts payable at December 31, 2014 and 2013, approximate fair value because of the short maturity of these instruments. The carrying amount of the Company’s investment in commercial loans approximates fair value at December 31, 2014 and 2013, since the floating and fixed rates of the loans reasonably approximates current rates for notes with similar risks and maturities. The carrying amount of the Company’s long-term debt approximates fair value at December 31, 2014 and 2013, since the floating rate of our credit facility and the fixed rates of our secured financings reasonably approximate current market rates for notes with similar risks and maturities.

	FAIR VALUE MEASUREMENTS

	The Company’s estimates of fair value of financial and non-financial assets and liabilities based on the framework established in the fair value accounting guidance. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels:


		•		Level 1 – Valuation is based upon quoted prices in active markets for identical assets or liabilities.


		•		Level 2 – Valuation is based upon inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.


		•		Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include option pricing models, discounted cash flow models and similar techniques.

	CLASSIFICATION OF COMMERCIAL LOAN INVESTMENTS

	Loans held for investment are stated at the principal amount outstanding and include the unamortized deferred loan fees offset by any applicable unaccreted purchase discounts and origination fees in accordance with U.S. generally accepted accounting principles (“GAAP”).

	COMMERCIAL LOAN INVESTMENT IMPAIRMENT

	The Company’s commercial loans are held for investment. For each loan, the Company evaluates the performance of the collateral property and the financial and operating capabilities of the borrower/guarantor, in part, to assess whether any deterioration in the credit has occurred and for possible impairment of the loan. Impairment would reflect the Company’s determination that it is probable that all amounts due according to the contractual terms of the loan would not be collected. Impairment is measured based on the present value of the expected future cash flows from the loan discounted at the effective rate of the loan or the fair value of the collateral. Upon measurement of impairment, the Company would record an allowance to reduce the carrying value of the loan with a corresponding recognition of loss in the results of operations. Significant exercise of judgment is required in determining impairment, including assumptions regarding the estimate of expected future cash flows, collectability of the loan, the value of the underlying collateral and other provisions including guarantees. The Company has determined that, as of December 31, 2014 and 2013, no allowance for impairment was required.

	INTEREST INCOME RECOGNITION

	Interest income on commercial loan investments includes interest payments made by the borrower and the accretion of purchase discounts and loan origination fees, offset by the amortization of fees. Interest payments are accrued based on the actual coupon rate and the outstanding principal balance and purchase discounts and loan origination fees are accreted into income using the effective yield method, adjusted for prepayments.

	ACCOUNTS RECEIVABLE

	Accounts receivable primarily consist of receivables related to golf operations. The collectability of these receivables is determined based on a review of specifically identified accounts using judgments. Accounts receivable are classified in other assets on the consolidated balance sheets and totaled approximately $261,000 and $229,000 as of December 31, 2014 and 2013, respectively. As of December 31, 2014 and 2013, no allowance for doubtful accounts was required.



	PURCHASE ACOUNTING FOR ACQUISITIONS OF REAL ESTATE SUBJECT TO A LEASE

In accordance with the Financial Accounting Standards Board (“FASB”) guidance on business combinations, the fair value of the real estate acquired with in-place leases is allocated to the acquired tangible assets, consisting of land, building and tenant improvements, and identified intangible assets, consisting of the value of in-place leases, based in each case on their relative fair values. The Company has determined that income property purchases with a pre-existing lease at the time of acquisition qualify as a business combination, in which case acquisition costs are expensed in the period the transaction closes. For income property purchases in which a new lease is originated at the time of acquisition, the Company has determined that these asset purchases are outside the scope of the business combination standards and accordingly, the acquisition costs are capitalized with the purchase.

Estimated fair values of the income properties acquired in 2014, at the date of acquisition, are based on preliminary valuations by management. The Company has engaged independent third-party consultants to prepare final purchase price allocations which are, as yet incomplete, therefore, reported amounts may change based on finalization which is expected to occur during the first quarter of 2015. These changes may impact depreciable and amortizable assets which therefore, may impact depreciation and amortization expense including a catch up of depreciation and amortization for the year ended December 31, 2014.

LAND AND DEVELOPMENT COSTS

The carrying value of land and development includes the initial acquisition costs of land, improvements thereto, and other costs incidental to the acquisition or development of land. These costs are allocated to properties on a relative sales value basis and are charged to costs of sales as specific properties are sold. Due to the nature of the business, land and development costs have been classified as an operating activity on the consolidated statements of cash flows.

PROPERTY, PLANT, AND EQUIPMENT

Property, plant, and equipment are stated at cost, less accumulated depreciation and amortization. Such properties are depreciated on a straight-line basis over their estimated useful lives. Renewals and betterments are capitalized to property accounts. The cost of maintenance and repairs is expensed as incurred. The cost of property retired or otherwise disposed of, and the related accumulated depreciation or amortization, are removed from the accounts, and any resulting gain or loss is recorded in the statement of operations. Subsurface interests are included in property, plant, and equipment with no net cost basis at December 31, 2014, as the amounts have been fully depreciated. The amount of depreciation and amortization of property, plant, and equipment, exclusive of amortization related to intangible assets, recognized for the years ended December 31, 2014, 2013, and 2012, was approximately $2.7 million, $2.3 million, and $1.8 million respectively. Interest of approximately $11,000 and $8,000 was capitalized to construction in process during 2014 and 2013, respectively with no interest capitalized in 2012.

The range of estimated useful lives for property, plant, and equipment is as follows:



Golf Buildings and Improvements			10-43 Years
Golf Equipment			5-10 Years
Income Properties Buildings and Improvements			40 Years
Other Furnishings and Equipment			5-25 Years
Agriculture Equipment			5-10 Years

The acquisition cost of land, timber, real estate taxes, site preparation, and other costs relating to the planting and growing of timber are capitalized to land, timber, and subsurface interests. Such costs attributed to the timber are charged to cost of sales at the time timber is harvested. Timber and timberlands are stated at the lower cost or fair market value.

LONG-LIVED ASSETS

The Company follows FASB ASC 360-10 “Property, Plant, and Equipment” in conducting its impairment analyses. The Company reviews the recoverability of long-lived assets, including land and development costs, real estate held for sale, and property, plant, and equipment, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Examples of situations considered to be triggering events include: a substantial decline in operating cash flows during the period, a current or projected loss from operations, an income property not fully leased or leased at rates that are less than current market rates, and any other quantitative or qualitative events deemed significant by our management. Long-lived assets are evaluated for impairment by using an undiscounted cash flow approach, which considers future estimated capital expenditures. Impairment of long-lived assets is measured at fair value less cost to sell.



SALE OF REAL ESTATE

Gains and losses on sales of real estate are accounted for as required by the “Accounting for Sales of Real Estate” Topic of FASB Accounting Standards Codification (“FASB ASC”) FASB ASC 976-605-25. The Company recognizes revenue from the sale of real estate at the time the sale is consummated, unless the property is sold on a deferred payment plan and the initial payment does not meet established criteria, or the Company retains some form of continuing involvement in the property. For sales of real estate which we estimate would cause us to incur a loss on the transaction, we would record a provision for the loss at the time the sales contract is deemed highly probable of closing.

INCOME PROPERTIES

The rental of the Company’s income properties are classified as operating leases. The Company recognizes lease income on these properties on a straight-line basis over the term of the lease.

OPERATING LEASE EXPENSE

The Company leases property and equipment, which are classified as operating leases. The Company recognizes lease expense on a straight-line basis over the term of the lease.

GOLF OPERATIONS

The Company operates two 18-hole golf courses and a clubhouse facility, including food and beverage operations. Revenues from this operation, including greens fees, cart rentals, merchandise, and food and beverage sales, are recognized at the time of sale. Initiation fees and membership dues are recognized over the life of the membership, which is generally twelve months.

OTHER REAL ESTATE INTERESTS

From time to time the Company will release surface or subsurface entry rights upon request of the surface owner. The Company recognizes revenue from the release at the time the transaction is consummated, unless the property is released under a deferred payment plan and the initial payment does not meet the criteria established under the “Accounting for Sales of Real Estate Topic” FASB ASC 976-605-25, the Company retains some form of continuing involvement in the property, or the transaction does not meet other requirements.

STOCK-BASED COMPENSATION

Prior to 2010, the Company maintained a stock option plan (the “2001 Plan”) pursuant to which 500,000 shares of the Company’s common stock may be issued. The 2001 Plan in place was approved at the April 25, 2001 shareholders’ meeting and expired in April 2011, with no new option shares issued after that date. Under the 2001 Plan, the option exercise price equals the average of the high and low stock market price on the date of grant. The options generally vest over five years and expire after ten years. In connection with the grant of non-qualified options, a stock appreciation right for each share covered by the option may also be granted. The stock appreciation right will entitle the optionee to receive a supplemental payment, which may be paid in whole or in part in cash or in shares of common stock equal to a portion of the spread between the exercise price and the fair market value of the underlying share at the time of exercise. The expenses associated with stock options and stock appreciation rights are recognized over their requisite service period.

Both the Company’s stock options and stock appreciation rights awarded under the 2001 Plan are liability classified awards and are required to be remeasured to fair value at each balance sheet date until the award is settled, as required by provisions of the “Share-Based Payments Topic of FASB ASC.” (See Note 17 “Stock-Based Compensation”).

At the Annual Meeting of Shareholders of the Company held on April 28, 2010, the Company’s shareholders approved the Consolidated-Tomoka Land Co. 2010 Equity Incentive Plan (the “2010 Plan”). The 2010 Plan replaced the Company’s 2001 Plan. At the Annual Meeting of Shareholders of the Company held on April 24, 2013, the Company’s shareholders approved an amendment to the 2010 Plan which among other things incorporated claw back provisions and clarified language regarding the shares available subsequent to forfeiture of any awards of restricted shares. At the Annual Meeting of Shareholders of the Company held on April 23, 2014, the Company’s shareholders approved an amendment to the 2010 Plan increasing the numbers of shares authorized for issuance by 240,000 shares bringing the total number of shares authorized for issuance to 450,000. Awards under the 2010 Plan may be in the form of stock options, stock appreciation rights, restricted shares, restricted share units, performance shares, and performance units. Employees of the Company and its subsidiaries and non-employee directors may be selected by the Compensation Committee to receive awards under the 2010 Plan. The maximum number of shares of which stock awards may be granted under the 2010 Plan is 450,000 shares. No participant may receive awards during any one calendar year representing more than 50,000 shares of common stock. In no event will the number of shares of common stock issued under the plan upon the exercise of incentive stock options exceed 450,000 shares. These limits are subject to adjustments by the Compensation Committee as provided in the 2010 Plan for stock splits, stock dividends, recapitalizations, and other similar transactions or events. The 2010 Plan will terminate on the tenth anniversary of the date that it was adopted by the Board, and no awards will be granted under the plan after that date.

All non-qualified stock option awards and the restricted share awards granted under the 2010 plan were determined to be equity-based awards under the Share-Based Payment Topic of FASB ASC.

The Company used the Black-Scholes valuation pricing model to determine the fair value of its non-qualified stock option awards. The determination of the fair value of the awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the term of the awards, annual dividends, and a risk-free interest rate assumption.

The Company used a Monte Carlo simulation pricing model to determine the fair value and vesting period of the restricted share awards. The determination of the fair value of market condition-based awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of awards, the performance of the Company’s stock price, annual dividends, and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market conditions, provided the requisite service period is met.

INCOME TAXES

The Company uses the asset and liability method to account for income taxes. Deferred income taxes result primarily from the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes (See Note 18 “Income Taxes”). In June 2006, the FASB issued additional guidance, which clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements included in income taxes. The interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The interpretation also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. In accordance with FASB guidance included in income taxes, the Company has analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported. Additionally, the Company believes that its accruals for tax liabilities are adequate. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to the FASB guidance.

EARNINGS PER COMMON SHARE

Basic earnings per common share is computed by dividing net income by the weighted average number of shares outstanding. Diluted earnings per common share are based on the assumption of the conversion of stock options using the treasury stock method at average cost for the year (see Note 10 “Common Stock and Earnings Per Share”).

CONCENTRATION OF CREDIT RISK

Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents.

Nearly 51% of the Company’s income property portfolio and all of the land holdings, golf operations, agriculture operations, and subsurface interests are in the State of Florida. Uncertainty of the duration of a prolonged real estate and economic downturn could have an adverse impact on the Company’s real estate values.

On a revenue basis, the largest of the Company’s income property tenants consist of Holiday CVS, L.L.C. and Walgreen Co., which the Company considers good credit-quality tenants. Holiday CVS, L.L.C. revenues accounted for 7%, 9%, and 16% of our consolidated revenue and Walgreen Co. accounted for 5%, 6%, and 13% of our consolidated revenue, for the years ended December 31, 2014, 2013, and 2012, respectively. During the years ended December 31, 2014 and 2013 revenue concentrations on the two tenants described above have dropped significantly due to the Company’s continuing diversification of its income property tenant mix and the addition of new revenue sources including the interest income from commercial loan investments.



RECENTLY ISSUED ACCOUNTING STANDARDS

In April 2014, the FASB issued ASU 2014-08, which amends its guidance on the reporting of discontinued operations and disclosures of disposals of components of an entity. The amendments in this update are effective for annual reporting periods beginning after December 15, 2014. Under ASU 2014-08, the Company has determined that the disposal of an income property from its income property portfolio no longer qualifies as a discontinued operation. Due to the significant impact on the Company’s financial reporting, the Company has elected to early adopt ASU 2014-08, as permitted, and accordingly, income properties disposed of will no longer be classified as discontinued operations on a prospective basis.

In May 2014, the FASB issued ASU 2014-09, which amends its guidance on the recognition and reporting of revenue from contracts with customers. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the provisions to determine the potential impact, if any, the adoption will have on its consolidated financial statements.

Income_Properties

Income Properties	12 Months Ended
	Dec. 31, 2014
Business Combinations [Abstract]
Income Properties	NOTE 2.	INCOME PROPERTIES

	During the year ended December 31, 2014, the Company acquired four income properties, two single-tenant and two multi-tenant, at a total acquisition cost of approximately $42.2 million. Of the total acquisition cost, approximately $14.7 million was allocated to land, approximately $25.6 million was allocated to buildings and improvements, and approximately $1.9 million was allocated to intangible assets pertaining to the in-place lease value. The weighted average amortization period for the $1.9 million allocated to intangible assets was approximately 9.1 years at the time of acquisition. Estimated fair values of the income properties acquired in 2014, at the date of acquisition, are based on preliminary valuations by management. The Company has engaged independent third-party consultants to prepare final purchase price allocations which are, as yet incomplete, therefore, reported amounts may change based on finalization which is expected to occur during the first quarter of 2015. These changes may impact depreciable and amortizable assets which therefore, may impact depreciation and amortization expense including a catch up of depreciation and amortization for the year ended December 31, 2014.

	Additionally, during the year ended December 31, 2014, construction was completed on two self-developed multi-tenant properties, known as the Williamson Business Park, in Daytona Beach, Florida for a total cost of approximately $2.4 million of which approximately $2.2 million was incurred for building and improvements and approximately $221,000 was related to the transfer of basis in the previously owned land.

	The income properties acquired in 2014 include the following:


		•	On April 22, 2014, the Company acquired a 131,644 square-foot free-standing building, situated on 15.48 acres in Katy, Texas, which is leased to Lowe’s Home Improvement. The total purchase price was approximately $14.7 million, and as of the acquisition date, the remaining term of the lease was approximately 13 years;


		•	On July 17, 2014, the Company acquired a 52,665 square-foot building situated on approximately 7 acres in Daytona Beach, Florida, which is leased to American Signature Furniture. The purchase price was approximately $5.3 million, and as of the acquisition date, the remaining term of the lease was approximately 6 years. The property is located within an approximately 250,000 square-foot retail shopping center anchored by Best Buy, PetSmart and Barnes & Noble. The Company also owns the property leased to Barnes & Noble;


		•	On October 7, 2014, the Company acquired a 59,341 square-foot retail center spanning two city blocks, in Sarasota Florida, which is anchored by a 36,000 square-foot Whole Foods Market retail grocery store. The center also has approximately 23,000 square-feet of additional retail space including a Starbucks retail store, and a three level parking garage. The total purchase price was $19.1 million, and as of the acquisition date, the weighted average remaining term of the leases was approximately 7 years; and


		•	On December 30, 2014, the Company acquired a 112,292 square-foot retail shopping center comprised of two parcels on over 14 acres of land located in Winter Park, Florida as a redevelopment opportunity. The total purchase price was $3.1 million, and as of the acquisition date, the majority of the current tenants were under short term leases. As part of the redevelopment activities planned for this property, the Company will likely terminate the majority of the leases.

	One income property was disposed of during the year ended December 31, 2014. On November 17, 2014, the Company sold its interest in a 14,560 square-foot building, located in Apopka, Florida for approximately $3.3 million, which was leased to Walgreens. However, as the Company has adopted ASU 2014-09, the operating results of the property have not been included in discontinued operations as the disposition does not qualify as a discontinued operation under the revised guidance.

	During the year ended December 31, 2013, the Company acquired nine single-tenant income properties at a total acquisition cost of approximately $39.5 million. Of the total acquisition cost, approximately $13.2 million was allocated to land, approximately $23.4 million was allocated to buildings and improvements, and approximately $2.9 million was allocated to intangible assets pertaining to the in-place lease value. The weighted average amortization period for the $2.9 million allocated to intangible assets was approximately 10.5 years at the time of acquisition.

Discontinued_Operations

Discontinued Operations	12 Months Ended
Discontinued Operations	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations	NOTE 3.	DISCONTINUED OPERATIONS

	During the year ended December 31, 2013, the Company sold its interest in five single-tenant income properties for a combined gain of approximately $1,216,000. Upon consummation of the sales, the properties’ operating results were included within the discontinued operations for each period presented.

	The following is a summary of income from discontinued operations:



			Year ended December 31,
			2014			2013			2012
	Leasing Revenue and Other Income		$	—		$	699,486		$	1,535,854
	Costs and Other Expenses			(—	)		(89,270	)		(211,524	)

	Income from Operations			—			610,216			1,324,330
	Impairment Charges			—			—			(426,794	)
	Gain on Sale of Property			—			1,215,928			78,455

	Income before Income Tax			—			1,826,144			975,991
	Income Tax			(—	)		(704,435	)		(376,488	)

	Income from Discontinued Operations		$	—		$	1,121,709		$	599,503

Commercial_Loan_Investments

Commercial Loan Investments	12 Months Ended
Commercial Loan Investments	Dec. 31, 2014
Receivables [Abstract]
Commercial Loan Investments	NOTE 4.	COMMERCIAL LOAN INVESTMENTS

	On January 31, 2014, the Company acquired a mezzanine loan secured by the borrower’s equity interest in an upper upscale hotel in Atlanta, Georgia, that was previously subject to the Company’s first commercial loan investment. The Company purchased the $5.0 million performing loan at par. The loan matures in February 2019, bears a fixed interest rate of 12.00% per annum, and requires payments of interest only prior to maturity. Interest revenue recognized during the year ended December 31, 2014 was approximately $558,000.

	On May 16, 2014, the Company funded approximately $3.1 million of a $6.3 million first mortgage commitment for the redevelopment of an existing vacant retail property into a Container Store located in Glendale, Arizona, which opened on February 7, 2015. During the year ended December 31, 2014, approximately $5.3 million in draws were funded by the Company, leaving a remaining commitment of approximately $1.0 million, which may be drawn by the borrower as construction costs are incurred. Construction was substantially complete as of December 31, 2014 and the Company expects to fund the remaining commitment in the first quarter of 2015. The loan matures in November 2015, includes one nine-month extension option, bears a fixed interest rate of 6.00% per annum prior to the commencement of rent on the Container Store lease, and requires payments of interest only prior to maturity. At closing, a loan origination fee of approximately $79,000 was received by the Company and is being accreted ratably into income through the contractual maturity date in November 2015. Total interest revenue recognized during the year ended December 31, 2014 was approximately $161,000. Subsequent to the commencement of rent, the interest rate on our loan will be the 30-day London Interbank Offer Rate (“LIBOR”) plus 800 basis points. Rent commenced on February 7, 2015.

	On May 20, 2014, the Company acquired an approximate $9.0 million B-Note secured by a retail shopping center located in Sarasota, Florida. The loan matures in June 2015, includes three one-year extension options, bears a floating interest rate of 30-day LIBOR plus 725 basis points, and requires payments of interest only prior to maturity. The loan is subordinate to an approximately $48.0 million A-Note collateralized by the same property, for a total debt balance of $57.0 million. Interest revenue recognized during the year ended December 31, 2014 was approximately $416,000.

	On September 30, 2014, the Company acquired a mezzanine loan secured by the borrower’s equity interest in an upper upscale hotel in Dallas, Texas. The Company purchased the $10.0 million performing loan at par. The loan matures in September 2016, bears a floating interest rate of 30-day LIBOR plus 725 basis points, and requires payments of interest only prior to maturity. The loan is subordinate to a $64.0 million first mortgage on the hotel in Dallas, Texas. Interest revenue recognized during the year ended December 31, 2014 was approximately $191,000.

	On November 14, 2014, the Company acquired a $1.0 million first mortgage loan secured by real estate in Ormond Beach, Florida. The loan matures in November 2015, includes a one-year extension option, bears a floating interest rate of 30-day LIBOR plus 725 basis points, and requires payments of interest only prior to maturity. At closing, a loan origination fee of approximately $10,000 was received by the Company and recognized as income. Interest revenue recognized during the year ended December 31, 2014 was approximately $10,000.



	The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2014:



	Description		Date of		Maturity	Original		Current Face		Carrying		Coupon Rate
			Investment		Date	Face		Amount		Value
						Amount
	Mezz – Hotel – Atlanta, GA		Jan-14		Feb-19	$	5,000,000	$	5,000,000	$	5,000,000	12.00%
	Construction – Container Store – Glendale, AZ		May-14		Nov-15	$	6,300,000	$	5,306,031	$	5,247,607	6.00%
	B-Note – Retail Shopping Center – Sarasota, FL		May-14		Jun-15	$	8,960,467	$	8,960,467	$	8,960,467	30-day LIBOR
	B-Note – Retail Shopping Center – Sarasota, FL		May-14		Jun-15	$	8,960,467	$	8,960,467	$	8,960,467	plus 7.25 %
	Mezz – Hotel – Dallas, TX		Sep-14		Sep-16	$	10,000,000	$	10,000,000	$	10,000,000	30-day LIBOR
	Mezz – Hotel – Dallas, TX		Sep-14		Sep-16	$	10,000,000	$	10,000,000	$	10,000,000	plus 7.25 %
	Development - Real Estate – Ormond Beach, FL		Nov-14		Nov-15	$	1,000,000	$	1,000,000	$	1,000,000	30-day LIBOR
	Development - Real Estate – Ormond Beach, FL		Nov-14		Nov-15	$	1,000,000	$	1,000,000	$	1,000,000	plus 7.25 %

	Total					$	31,260,467	$	30,266,498	$	30,208,074


	The carrying value of the commercial loan investment as of December 31, 2014 consisted of the following:



			Total
	Current Face Amount		$	30,266,498
	Unaccreted Origination Fees			(58,424	)

	Total Commercial Loan Investments		$	30,208,074


	On August 7, 2013, the Company acquired a $19.6 million first mortgage loan secured by an upper upscale hotel in Atlanta, Georgia, for approximately $17.5 million, a discount of approximately $2.05 million. The discount was being accreted into income ratably through the contractual maturity date in March 2014, which is included in Interest Income from Commercial Loan Investments in the consolidated financial statements. On January 6, 2014, the remaining commercial mortgage loan principal of $19.5 million was paid in full. The total revenue recognized during the year ended December 31, 2014, which was recognized entirely during the quarter ended March 31, 2014, was approximately $844,000 including the remaining accretion of the purchase discount of approximately $650,000, interest income of approximately $36,000, and an exit fee of approximately $195,000, offset by the remaining amortization of fees of approximately $37,000. The total revenue recognized during the year ended December 31, 2013, was approximately $1,713,000 including accretion of the purchase discount of approximately $1.4 million and interest income of approximately $370,000, offset by approximately $61,000 of amortization of loan origination fees.

	The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2013:



	Description		Date of		Maturity	Original Face		Current Face		Carrying		Coupon
	Description		Investment		Date	Amount		Amount		Value		Coupon
	Hotel – Atlanta, GA		August 2013		March 2014	$	19,560,000	$	19,465,000	$	18,845,053	30-day LIBOR
	Hotel – Atlanta, GA		August 2013		March 2014	$	19,560,000	$	19,465,000	$	18,845,053	plus 4.50%

	Total					$	19,560,000	$	19,465,000	$	18,845,053


	The carrying value of the commercial loan investment as of December 31, 2013 consisted of the following:



			Total
	Current Face Amount		$	19,465,000
Unamortized Fees			29,711
Unaccreted Purchase Discount			(649,658	)

Total Commercial Loan Investments		$	18,845,053

Land_and_Subsurface_Interests

Land and Subsurface Interests	12 Months Ended
Land and Subsurface Interests	Dec. 31, 2014
Real Estate [Abstract]
Land and Subsurface Interests	NOTE 5.	LAND AND SUBSURFACE INTERESTS
	Land and development costs at December 31, 2014 and 2013, are summarized as follows:


			December 31,
			2014		2013
	Undeveloped Land		$	301,780	$	301,780
	Developed Land and Development Costs			22,903,969		23,467,134

	Total Land and Development Costs		$	23,205,749	$	23,768,914

	During the year ended December 31, 2014, a total of approximately 99.66 acres were sold for approximately $8.8 million as described below:

		•		On February 18, 2014, the Company sold approximately 3.1 acres to Halifax Humane Society, Inc. for $391,500, or approximately $128,000 per acre, for a gain of approximately $347,000. This parcel is located on LPGA Boulevard, just west of I-95 in Daytona Beach, Florida and is adjacent to an existing property owned by Halifax Humane Society, Inc.

		•		On August 15, 2014, the Company sold approximately 75.6 acres of land, located on the east side of Interstate 95, for development of a distribution center for approximately $7.8 million, or approximately $103,000 per acre, for a gain at closing of approximately $3.9 million with an additional gain of approximately $324,000 to be recognized on a percentage-of-completion basis as certain road improvements are completed through the estimated completion date of February 2015. As of December 31, 2014, approximately $277,000 of the gain has been recognized, leaving an approximate gain of $47,000 to be recognized in the first quarter of 2015. In addition, the Company expects to receive payments totaling approximately $1.1 million in late 2015 from Volusia County, based upon certain milestones being achieved including when the distribution center receives its certificate of occupancy and the dates when specified numbers of jobs have been created at the buyer’s operations. Although there can be no assurances that the Company will receive the $1.1 million, such payments would bring the total gain on the sale to approximately $5.3 million.

		•		On October 30, 2014, the Company sold approximately 20.96 acres of land, which presented certain issues for development involving wetlands mitigation, to Victor Indigo Lakes, L.L.C. for $625,000, or approximately $30,000 per acre, for a gain of approximately $552,000. The land is located along the east side of Williamson Boulevard across from Indigo Lakes, in Daytona Beach, Florida.
	During the year ended December 31, 2013, a total of 11.655 acres were sold for approximately $3.0 million as described below:

		•		On December 4, 2013, the Company sold approximately 3.405 acres to RaceTrac Petroleum, Inc. (“RaceTrac”) for $1.3 million or approximately $382,000 per acre. We recognized a loss on the sale of approximately $244,000 which is primarily attributable to a higher basis in the property as a result of the Company having repurchased this land in 2010. The parcel sold to RaceTrac is part of Williamson Crossing, an approximately 23-acre, proposed commercial development located at the southeast corner of Williamson and LPGA Boulevards in Daytona Beach. RaceTrac is the first occupant for the Williamson Crossing site. In connection with the transaction, the Company agreed to reimburse RaceTrac up to $976,500 over five years for road improvements and the other costs associated with bringing multiple ingress/egress points to the entire Williamson Crossing site. As of December 31, 2014 and 2013, $283,500 of cash is held in escrow related to the improvements and is classified as restricted cash on the consolidated balance sheets. The Company anticipates that all or a portion of these reimbursable costs will be shared by other owners as parcels in the Williamson Crossing development are sold and additional businesses locate to the site. Based on the book basis of the remaining repurchased acres relative to the price per acre in the RaceTrac transaction, the Company determined that no adjustment for impairment was required as of December 31, 2013.

		•		On December 19, 2013, the Company sold approximately 2.02 acres to Intracoastal Bank. The land was sold for $640,000 or approximately $317,000 per acre for a gain of approximately $581,000. This parcel is located on LPGA Boulevard, east of I-95 in Daytona Beach, Florida, between the Vince Carter’s and Wendy’s restaurants.

		•		On December 20, 2013, the Company sold approximately 6.23 acres to CarMax Auto Super Stores, Inc. (“CarMax”) for $1.05 million, or approximately $168,500 per acre, for a total loss of approximately $1.0 million. We recognized a loss of approximately $416,000 on the sale. In the second quarter of 2013 the Company recognized an impairment loss of approximately $616,000 which was based on the contract price in a transaction that had been executed for approximately 3.21 acres of the total 6.23 acres sold to CarMax. That transaction was terminated prior to closing. The basis in these acres was higher than is typical for the Company’s land holdings as this land had been reacquired through foreclosure in 2009.

	During the year ended December 31, 2012, a total of 16.6 acres were sold for approximately $618,000 as described below:

		•		During the second quarter of 2012, the Company sold approximately 16.6 acres of industrial land west of Interstate 95 at a price of approximately $618,000 or $37,000 per acre. The gain on the sale of this land totaled approximately $573,000.

		•		During 2009, a real estate sales transaction closed in which the Company had a commitment to fund up to $1,125,000 for its share of road construction costs. During 2010, the Company paid approximately $554,000 of this commitment. The remaining balance, totaling approximately $571,000, was recorded as a liability and included in accrued liabilities on the consolidated balance sheets. The finalization of the construction costs occurred in the first quarter of 2012, and resulted in approximately $730,000 of income during the second quarter of 2012, representing the reversal of the remaining commitment and a reimbursement of approximately $160,000.
	The Company owns full or fractional subsurface oil, gas, and mineral interests in approximately 490,000 “surface” acres of land owned by others in 20 counties in Florida. The Company leases its interests to mineral exploration firms for exploration. Our subsurface operations consist of revenue from the leasing of exploration rights and in some instances additional revenues from royalties applicable to production from the leased acreage.
	During 2011, an eight-year oil exploration lease covering approximately 136,000 net mineral acres primarily located in Lee County and Hendry County, Florida was executed and an approximate $914,000 first year rental payment was received. An additional approximate $922,000, representing the guaranteed payment for the second year’s delay rent, was received in September 2012. The two payments totaling approximately $1.8 million have been recognized ratably into income through September 2013. On September 22, 2013, the Company entered into an amendment of the exploration lease (the “Oil Lease Amendment”). Under the Oil Lease Amendment, the net mineral acres under exploration lease was reduced from approximately 136,000 net mineral acres to approximately 82,000 net mineral acres in Hendry County, Florida. The approximately 54,000 net mineral acres removed from the exploration lease were located in Lee County, Florida. In connection with the Oil Lease Amendment, the Company received an approximate $3.3 million rent payment for the third year of the Company’s eight-year oil exploration lease. The payment was recognized ratably over the 12 month lease period ending in September 2014. Also during September 2013, the Company received, and recognized as revenue, a non-refundable penalty payment of $1.0 million relating to the drilling requirements in the lease. During September 2014, the Company received an approximate $1.9 million rent payment for the adjusted acreage of 42,000 acres for the fourth year of the Company’s eight-year exploration lease, which is being recognized ratably over the 12 month lease period ending in September 2015. Also during September 2014, the Company received, and recognized as revenue, a non-refundable penalty payment of $600,000 relating to drilling requirements in the lease. The terms of the lease state the Company will receive royalty payments if production occurs and may receive additional annual rental payments if the lease is continued in years four through eight. The lease is effectively eight one-year terms as the lessee has the option to terminate the lease annually.
	Lease income generated by the Oil Lease Amendment is being recognized on a straight-line basis over the guaranteed lease term. For the years December 31, 2014, 2013, and 2012, lease income of approximately $2.9 million, $1.6 million, and $919,000 was recognized, respectively. There can be no assurance that the Oil Lease Amendment will be extended beyond the expiration of the current term of September 2015 or, if renewed, on similar terms or conditions.
	During the year ended December 31, 2014, the Company also received oil royalties from operating oil wells on 800 acres under a separate lease with a separate operator. Production volume from these oil wells was 64,835 barrels in 2014, 88,782 barrels in 2013 and 81,441 barrels in 2012, resulting in revenues received from oil royalties of approximately $198,000, $268,000 and $287,000, respectively.

Investment_Securities

Investment Securities	12 Months Ended
Investment Securities	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Investment Securities	NOTE 6.	INVESTMENT SECURITIES

	During December 2013, the Company purchased approximately $730,000 of preferred stock of a publicly traded real estate investment trust with a market capitalization of more than $1.5 billion. In accordance with ASC Topic 320, Investments – Debt and Equity Securities, the preferred stock investments have been determined to be equity securities classified as available-for-sale which are recorded at fair market value in the consolidated balance sheets. The fair value of the Company’s investment securities is measured quarterly, on a recurring basis, using Level 1 inputs.



	Available-for-Sale securities consisted of the following as of December 31, 2014 and 2013:



			Year Ended December 31, 2014
			Cost			Gains in		Losses in		Estimated
						Accumulated		Accumulated		Fair Value
						Other		Other		(Level 1
						Comprehensive		Comprehensive		Inputs)
						Income		Income
	Preferred Stock		$	704,173		$	117,263	$	—	$	821,436

	Total Equity Securities		$	704,173		$	117,263	$	—	$	821,436

	Total Available-for-Sale Securities		$	704,173		$	117,263	$	—	$	821,436




			Year Ended December 31, 2013
			Cost			Gains in		Losses in		Estimated
						Accumulated		Accumulated		Fair Value
						Other		Other		(Level 1
						Comprehensive		Comprehensive		Inputs)
						Income		Income
	Preferred Stock		$	729,814		$	—	$	—	$	729,814

	Total Equity Securities		$	729,814		$	—	$	—	$	729,814

	Total Available-for-Sale Securities		$	729,814		$	—	$	—	$	729,814


	The unrealized gain of approximately $117,000 during the year ended December 31, 2014, net of tax of approximately $44,000, is included in other comprehensive income. As of December 31, 2013, the cost approximated fair value and no net gains were reported in other comprehensive income.

	Following is a table reflecting the sale of investment securities and losses recognized during the three years ended December 31, 2014, 2013, and 2012:



			Year Ended December 31,
			2014			2013		2012
	Proceeds from the Disposition of Equity Securities		$	30,476		$	—	$	—
	Cost Basis of Investment Securities Sold			(25,641	)		—		—

	Gain recognized in Statement of Operations on the Disposition of Equity Securities		$	4,835		$	—	$	—


	During January of 2015, all of the Company’s preferred stock investments were sold at a gain.

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	12 Months Ended
Fair Value of Financial Instruments	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Fair Value of Financial Instruments	NOTE 7.	FAIR VALUE OF FINANCIAL INSTRUMENTS

	The following table presents the carrying value and estimated fair value of the Company’s financial instruments not carried at fair value on the consolidated balance sheets at December 31, 2014 and 2013:



			December 31, 2014				December 31, 2013
			Carrying		Estimated		Carrying		Estimated
			Value		Fair Value		Value		Fair Value
	Cash and Cash Equivalents		$	1,881,195	$	1,881,195	$	4,932,512	$	4,932,512
	Restricted Cash			4,440,098		4,440,098		366,645		366,645
	Investment Securities			821,436		821,436		729,814		729,814
	Commercial Loan Investments			30,208,074		30,266,498		18,845,053		19,297,110
	Long-Term Debt			103,940,011		103,940,011		63,227,032		63,227,032



	To determine estimated fair values of the financial instruments listed above, market rates of interest, which include credit assumptions, were used to discount contractual cash flows. The estimated fair values are not necessarily indicative of the amount the Company could realize on disposition of the financial instruments. The use of different market assumptions or estimation methodologies could have a material effect on the estimated fair value amounts.

Intangible_Assets

Intangible Assets	12 Months Ended
Intangible Assets	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Assets	NOTE 8.	INTANGIBLE ASSETS

	Intangible assets consist of the in-place lease value associated with single-tenant and multi-tenant income properties acquired by the Company. This in-place lease value(s), was determined by estimating the cost of replacing the lease should it not be in-place as of the date of the acquisition of the property. Factors, such as foregone rent and leasing commissions among others, are taken into account to determine the in-place lease value. This value is amortized over the remaining term of the lease at the time the properties are purchased. At December 31, 2014, the in-place lease value totaled approximately $7.3 million net of amortization of $3.6 million. At December 31, 2013, the in-place lease value totaled $6.4 million, net of amortization of $3.0 million.

	During the year ended December 31, 2014, the intangible in-place lease value increased by approximately $1.9 million due to the acquisition of three income properties offset by approximately $320,000 due to the sale of one income property for a net increase during 2014 of approximately $1.6 million.

	Amortization expense was approximately $768,000, $673,000, and $411,000 for the years ending December 31, 2014, 2013, and 2012, respectively. The estimated future amortization expense related to intangible assets is as follows:



	Year Ending December 31,		Amount
	2015		$	899,693
	2016			861,605
	2017			770,851
	2018			763,163
	2019			748,328
	Thereafter			3,295,777

	Total		$	7,339,417


	As of December 31, 2014, the weighted average amortization period of the in-place lease value is 13 years.

Impairment_of_LongLived_Assets

Impairment of Long-Lived Assets	12 Months Ended
	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of Long-Lived Assets	NOTE 9.	IMPAIRMENT OF LONG-LIVED ASSETS

	The Company assesses the impairment of long-lived assets whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The fair value of long-lived assets required to be assessed for impairment is determined on a non-recurring basis using Level 3 inputs in the fair value hierarchy. These Level 3 inputs may include, but are not limited to, executed purchase and sale agreements on specific properties, third party valuations, discounted cash flow models, and other model-based techniques.

	During the year ended December 31, 2014, an impairment charge of approximately $421,000 was recognized on an income property sold during October 2014. The total impairment charge, which was recognized during the third quarter of 2014, represents the loss on the sale of approximately $228,000 plus estimated closing costs of approximately $193,000.

	During the year ended December 31, 2013 the Company recognized an impairment loss of approximately $616,000 on approximately 6.23 acres which was based on the contract price in a transaction that had been executed during that period for approximately 3.21 acres of the total 6.23 acres assessed for impairment. That transaction was terminated prior to closing, however, on December 20, 2013, the Company sold the approximately 6.23 acres to CarMax Auto Super Stores, Inc. for $1.05 million, or approximately $168,500 per acre. The basis in these acres was higher than is typical for the Company’s land holdings as this land had been reacquired through foreclosure in 2009.

	During the year ended December 31, 2012, no impairment indicators were noted other than on the income property held for sale for which an approximate $427,000 impairment charge was recorded and included in income from discontinued operations in the consolidated statement of operations.

Common_Stock_and_Earnings_Per_

Common Stock and Earnings Per Share	12 Months Ended
Common Stock and Earnings Per Share	Dec. 31, 2014
Earnings Per Share [Abstract]
Common Stock and Earnings Per Share	NOTE 10.	COMMON STOCK AND EARNINGS PER SHARE

	Basic earnings per common share were computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share were determined based on the assumption of the conversion of stock options and restricted stock using the treasury stock method at average market prices for the periods.



			Year Ended December 31,
			2014		2013		2012
	Income Available to Common Shareholders:
	Income (Loss) from Continuing Operations		$	6,383,818	$	2,561,538	$	(301	)
	Discontinued Operations			—		1,121,709		599,503

	Net Income		$	6,383,818	$	3,683,247	$	599,202

	Weighted Average Shares Outstanding			5,765,997		5,739,383		5,717,937
	Common Shares Applicable to Stock
	Options Using the Treasury Stock Method			22,853		3,754		—

	Total Shares Applicable to Diluted Earnings Per Share			5,788,850		5,743,137		5,717,937

	Per Share Information:
	Basic Net Income Per Share
	Income from Continuing Operations		$	1.11	$	0.44	$	—
	Discontinued Operations			—		0.2		0.1

	Net Income		$	1.11	$	0.64	$	0.1

	Diluted Net Income Per Share:
	Income from Continuing Operations		$	1.1	$	0.44	$	—
	Discontinued Operations			—		0.2		0.1

	Net Income		$	1.1	$	0.64	$	0.1


	In addition to the dilutive securities presented above, the effect of 40,400, 58,800, and 198,300 potentially dilutive securities were not included for 2014, 2013, and 2012, respectively, as the effect would be antidilutive.

Treasury_Stock

Treasury Stock	12 Months Ended
	Dec. 31, 2014
Equity [Abstract]
Treasury Stock	NOTE 11.	TREASURY STOCK

	On April 26, 2012, the Company announced a voluntary Odd-Lot Buy-Back Program (the “Program”), whereby the Company offered to purchase shares from shareholders who owned less than 100 shares of the Company’s common stock as of April 26, 2012, for $31.00 per share. The Program reflected the Company’s interest in reducing the ongoing costs associated with shareholder recordkeeping and communications and to assist shareholders who may be deterred from selling their small lots of stock due to the costs that would be incurred. The Company paid all costs associated with the Program and purchased 14,634 shares under the Program at a total cost of approximately $454,000. The Program expired June 30, 2012. The Company did not provide any recommendation regarding shareholder participation and the decision was entirely that of each shareholder as to whether to sell shares in this Program.

	In November 2008, the Company’s Board of Directors authorized the Company to repurchase from time to time up to $8 million of its common stock. There is no expiration date for the repurchase authorization. The Company repurchased 4,660 shares of its common stock at a cost of approximately $105,000 through December 31, 2013. During 2014, the Company repurchased an additional 25,836 shares of its common stock on the open market for a total cost of approximately $928,000 and placed those shares in treasury. None of the 2014 repurchases occurred during the quarter ended December 31, 2014. Pursuant to a covenant in our Credit Facility, which includes the Odd-Lot Buy-Back Program as part of our stock repurchase capacity, the maximum approximate dollar value of shares that may yet be purchased under the plan or program was approximately $6.5 million as of December 31, 2014.

LongTerm_Debt

Long-Term Debt	12 Months Ended
Long-Term Debt	Dec. 31, 2014
Debt Disclosure [Abstract]
Long-Term Debt	NOTE 12.	LONG-TERM DEBT

	Credit Facility. The Company has a revolving credit facility, as amended on August 1, 2014 (the “Credit Facility”) which matures on August 1, 2018 with the ability to extend the term for 1 year. The Credit Facility has borrowing capacity of $75.0 million with the ability to increase that capacity up to $125.0 million during the term. The indebtedness outstanding under the Credit Facility accrues interest at a rate ranging from the 30-day LIBOR plus 135 basis points to the 30-day LIBOR plus 200 basis points based on the total balance outstanding under the Credit Facility as a percentage of the total asset value of the Company, as defined in the Credit Facility. The Credit Facility also accrues a fee of 20 to 25 basis points for any unused portion of the borrowing capacity based on whether the unused portion is greater or less than 50% of the total borrowing capacity. The Credit Facility is unsecured and is guaranteed by certain wholly-owned subsidiaries of the Company. The Credit Facility bank group is led by Bank of Montreal (“BMO”) and also includes Wells Fargo Bank, N.A. and Branch Banking & Trust Company.

	The Credit Facility is subject to customary restrictive covenants, including, but not limited to, limitations on the Company’s ability to: (a) incur indebtedness; (b) make certain investments; (c) incur certain liens; (d) engage in certain affiliate transactions; and (e) engage in certain major transactions such as mergers. In addition, the Company is subject to various financial maintenance covenants, including, but not limited to, a maximum indebtedness ratio, a maximum secured indebtedness ratio, and a minimum fixed charge coverage ratio. The Agreement also contains affirmative covenants and events of default, including, but not limited to, a cross default to the Company’s other indebtedness and upon the occurrence of a change of control. The Company’s failure to comply with these covenants or the occurrence of an event of default could result in acceleration of the Company’s debt and other financial obligations under the Agreement.

	Mortgage Notes Payable. On February 22, 2013, the Company closed on a $7.3 million mortgage loan originated with UBS Real Estate Securities Inc., secured by its interest in the two-building office complex leased to Hilton Resorts Corporation, which was acquired on January 31, 2013. The mortgage loan matures in February 2018, carries a fixed rate of interest of 3.655% per annum, and requires payments of interest only prior to maturity.

	On March 8, 2013, the Company closed on a $23.1 million mortgage loan originated with Bank of America, N.A., secured by its interest in fourteen income properties. The mortgage loan matures in April 2023, carries a fixed rate of 3.67% per annum, and requires payments of interest only prior to maturity.

	On September 30, 2014, the Company closed on a $30.0 million mortgage loan originated with Wells Fargo Bank, N.A., secured by its interest in six income properties. The mortgage loan matures in October 2034, and carries a fixed rate of 4.33% per annum during the first ten years of the term, and requires payments of interest only during the first ten years of the loan. After the tenth anniversary of the effective date of the loan the cash flows generated by the underlying six income properties must be used to pay down the principal balance of the loan until paid off or until the loan matures. The loan is fully pre-payable after the tenth anniversary date of the effective date of the loan. Long-term debt consisted of the following:



			December 31, 2014
			Total		Due Within
			Total		One Year
	Credit Facility		$	43,540,011	$	—
	Mortgage Note Payable (originated with UBS)			7,300,000		—
	Mortgage Note Payable (originated with BOA)			23,100,000		—
	Mortgage Note Payable (originated with Wells Fargo)			30,000,000		—

	Total Long-Term Debt		$	103,940,011	$	—


	Payments applicable to reduction of principal amounts will be required as follows:



	Year Ending December 31,		Amount
	2015		$	—
	2016			—
	2017			—
	2018			50,840,011
	2019			—
	Thereafter			53,100,000

	Total Long-Term Debt		$	103,940,011




	At December 31, 2014, there was approximately $31.5 million of available borrowing capacity under the Credit Facility, which has a current total commitment level of $75.0 million, with approximately $13.1 million of available borrowing capacity based on the borrowing base of income properties.

	In conjunction with required road improvements related to sale of land for development of a distribution center, the Company obtained a $940,000 letter of credit with BMO. The letter of credit decreases the available borrowing capacity on the Credit Facility. As of December 31, 2014, the letter of credit was unused.

	For the year ended December 31, 2014, interest expense was approximately $2.2 million with approximately $2.1 million paid during the period. For the year ended December 31, 2013, interest expense was approximately $1.6 million with approximately $1.6 million paid during the period. For year ended December 31, 2012, interest expense was approximately $536,000 with approximately $491,000 paid during the period. No interest was capitalized during the year ended December 31, 2012, while approximately $11,000 and $8,000 of interest was capitalized during the years ended December 31, 2014 and 2013, respectively.

	The amortization of loan costs incurred in connection with the Company’s long-term debt is included in interest expense in the consolidated financial statements. These loan costs are being amortized over the term of the respective loan agreements using the straight-line method, which approximates the effective interest method. For the years ended December 31, 2014, 2013 and 2012, the amortization of loan costs totaled approximately $256,000, $203,000 and $113,000, respectively.

	The Company was in compliance with all of its debt covenants as of December 31, 2014 and 2013.

Accrued_Liabilities

Accrued Liabilities	12 Months Ended
Accrued Liabilities	Dec. 31, 2014
Payables and Accruals [Abstract]
Accrued Liabilities	NOTE 13.	ACCRUED LIABILITIES

	Accrued liabilities consist of the following:



			As of
			December 31,		December 31,
			2014		2013
	Golf Course Lease		$	2,973,898	$	3,340,389
	Deferred Compensation			—		382,599
	Other Post-Retirement Benefits			142,797		156,881
	Reserve for Tenant Improvements			551,250		58,977
	Accrued Interest			197,929		95,771
	Environmental Reserve			108,733		—
	Other			1,426,902		692,192

	Total Accrued Liabilities		$	5,401,509	$	4,726,809


	In July 2012, the Company entered into an agreement with the City of Daytona Beach, Florida (the “City”) to, among other things, amend the lease payments under its golf course lease (the “Lease Amendment”), Under the Amendment, the base rent payment, which was scheduled to increase from $250,000 to $500,000 as of September 1, 2012, will remain at $250,000 for the remainder of the lease term and any extensions would be subject to an annual rate increase of 1.75% beginning September 1, 2013. The Company also agreed to invest $200,000 prior to September 1, 2015 for certain improvements to the facilities. In addition, pursuant to the Lease Amendment, beginning September 1, 2012, and continuing throughout the initial lease term and any extension option, the Company will pay additional rent to the City equal to 5.0% of gross revenues exceeding $5,500,000 and 7.0% of gross revenues exceeding $6,500,000. Since the inception of the lease, the Company has recognized the rent expense on a straight-line basis resulting in an estimated accrual for deferred rent. Upon the effective date of the Lease Amendment, the Company’s straight-line rent was revised to reflect the lower rent levels through expiration of the lease. As a result, approximately $3.0 million of the rent previously deferred will not be due to the City, and will be recognized into income over the remaining lease term, which expires in 2022. As of December 31, 2014, approximately $2.1 million of the rent, previously deferred that will not be due to the City, remained to be amortized through September 2022.

	In connection with the acquisition of the two properties leased to Hilton Resorts Corporation on January 31, 2013, the Company was credited $773,000 at closing for certain required tenant improvements. The improvements were complete as of December 31, 2013 and the final payment of approximately $59,000 was made during the three months ended March 31, 2014. In connection with the acquisition of the Lowes on April 22, 2014, the Company was credited approximately $651,000 at closing for certain required tenant improvements, some of which are not required to be completed until December 2016. As of December 31, 2014, $100,000 of these tenant improvements had been completed and funded, leaving approximately $551,000 remaining to be funded.



	On July 24, 2013, the Company’s Board of Directors terminated the Deferred Compensation Plan effective August 1, 2013. Accordingly, the Company made the normal required distributions prior to March 1, 2014 with the balance of the accounts liquidated in August 2014.

	During the year ended December 31, 2014, the Company accrued an environmental reserve of approximately $110,000 in connection with an estimate of additional costs to monitor a parcel of less than one acre of land owned by the Company that previously had environmental remediation work performed. Approximately $1,000 in costs have been incurred as of December 31, 2014.

Deferred_Revenue

Deferred Revenue	12 Months Ended
Deferred Revenue	Dec. 31, 2014
Deferred Revenue Disclosure [Abstract]
Deferred Revenue	NOTE 14.	DEFERRED REVENUE

	Deferred revenue consisted of the following:



			As of
			December 31,		December 31,
			2014		2013
	Deferred Oil Exploration Lease Revenue		$	1,354,873	$	2,390,808
	Deferred Land Sale Revenue			87,581		—
	Prepaid Rent			674,165		698,653
	Escrow Reserve, Container Store Loan			144,124		—
	Escrow Reserve, Plantation Oaks Loan			65,216		—
	Other Deferred Revenue			392,584		254,890

	Total Deferred Revenue		$	2,718,543	$	3,344,351


	On September 22, 2013, the Company received an approximate $3.3 million rent payment for the third year of the Company’s eight-year oil exploration lease. This payment has been fully recognized as revenue as of September 30, 2014. On September 19, 2014, the Company received an approximate $1.9 million rent payment for the fourth year of the Company’s eight-year oil exploration lease, which is being recognized ratably over the 12 month lease period ending in September 2015.

	In connection with the 75.6 acre land sale, approximately $597,000 of the $7.8 million sales price was deferred to be recognized as revenue on a percentage-of-completion basis as certain road improvements are completed through the estimated completion date of February 2015. Through December 31, 2014, approximately $510,000 of the previously deferred revenue had been recognized.

Pension_Plan

Pension Plan	12 Months Ended
Pension Plan	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Pension Plan	NOTE 15.	PENSION PLAN

	The Company maintained a Defined Benefit Pension Plan (the “Pension Plan”) which had been, prior to December 31, 2011, for all employees who had attained the age of 21 and completed one year of service. The pension benefits were based primarily on years of service and the average compensation for the five highest consecutive years during the final ten years of employment. The benefit formula generally provided for a life annuity benefit.

	Effective December 31, 2011, the Company amended its Pension Plan to freeze participants’ benefits with no future accruals after that date. Any current or future employee who was not a participant of the Pension Plan on December 31, 2011 was not eligible to enter the Pension Plan.

	On October 23, 2013 the Company’s Board of Directors approved the commencement of the steps necessary to terminate the Pension Plan, pursuant to the Pension Plan, and, if necessary, for the Company to make the required level of contribution whereby the Pension Plan would have sufficient funds to pay all benefits owed participants and beneficiaries. On January 22, 2014, the Company’s Board of Directors approved the termination of the Pension Plan effective March 31, 2014. Termination of the Pension Plan was completed through the distribution of the Pension Plan assets to participants and beneficiaries through either the purchase of an annuity from an insurance company or, payment of the benefit owed in a one-time lump sum payment based on a final calculation of benefit as of March 31, 2014. The final termination settlement was completed during the three months ended December 31, 2014. The Company contributed approximately $43,000 to fully fund the Pension Plan to enable the distribution to participants of a lump sum benefit or the purchase of a life annuity to effectuate the termination. In addition, the Company incurred approximately $170,000 for the cost of legal and other advisors to complete the termination.



	The Company used a December 31 measurement date.

	Following are the components of the Net Period Pension Cost (Benefit):



			December 31,
			2014				2013			2012
	Service Cost		$	87,219			$	87,496		$	94,374
	Interest Cost			425,735				385,884			406,689
	Actual Return on Plan Assets			342,637				(1,310,053	)		(932,366	)
	Amortization of Unrecognized Transition Loss (Gain) from Earlier Periods			—				91,111			69,699
	Amortization of Unrecognized Prior Service Cost			—				—			—
	Amortization of Net Gain (Loss) from Earlier Periods			—				736,025			390,400

	Net Periodic Pension Cost (Benefit)		$	855,591			$	(9,537	)	$	28,796


	The Company contributed approximately $43,000 to fully fund the Pension Plan for the final termination settlement in 2014. The Company made contributions totaling $84,600 in 2013 and $473,540 in 2012.

	The change in projected benefit obligation is as follows:



			December 31,
			2014				2013
	Benefit Obligation at Beginning of Year		$	8,852,262			$	9,827,454
	Service Cost			87,219				87,496
	Interest Cost			425,735				385,884
	Actuarial Loss (Gain)			(27,160	)			(804,080	)
	Plan Expenses Paid			(108,997	)			(71,585	)
	Benefits Paid			(541,896	)			(572,907	)
	Effect of Termination Settlement			(8,687,163	)			—

	Benefit Obligation at End of Year		$	—			$	8,852,262


	The change in plan assets is as follows:



			December 31,
			2014				2013
	Fair Value of Plan Assets at Beginning of Year		$	9,259,932			$	8,509,771
	Actual Return on Plan Assets			342,637				1,310,053
	Employer Contribution			43,254				84,600
	Plan Expenses Paid			(108,997	)			(71,585	)
	Benefits Paid			(541,896	)			(572,907	)
	Termination Settlement			(8,994,930	)			—

	Fair Value of Plan Assets at End of Year		$	—			$	9,259,932


	The funded status of the pension obligation consisted of the following:



		December 31,
		2014				2013
Estimated Pension Benefit Obligation
Projected Benefit Obligation		$	—			$	(8,852,262	)
Fair Value of Plan Assets			—				9,259,932

Accrued Net Pension Asset		$	—			$	407,670




The increase in the Net Pension Asset during the year ended December 31, 2013, was due primarily to gains in the underlying pension assets, as well as a change in the discount rate from 4% to 5%.

The actuarial assumptions made to determine the projected benefit obligation and the fair value of plan assets are as follows:



		December 31,
		2014				2013
Weighted Average Discount Rate			N/A				5	%
Weighted Average Asset Rate of Return			N/A				7	%
Compensation Scale			N/A				N/A

The Company used the “Citigroup Pension Liability Index” to determine the discount rate. The weighted average asset rate of return was primarily based on both historical and projected future returns of the portfolio as a whole.

Amortization Periods

The transition liability (asset), was considered fully amortized as a result of the 2011 curtailment. The excess of the unrecognized (gain) or loss (if any) over the larger of 10% of the projected benefit obligation or 10% of the market related value of assets was amortized, prior to the termination, in level amounts over 12.60 years. The prior service cost re-established on January 1, 2001, was considered fully amortized as a result of the 2011 curtailment. The prior service cost established on January 1, 2002, was considered fully amortized as a result of the 2011 curtailment.

Funding Policy

Periodic employer contributions were made in conformance with minimum funding requirements and maximum deductible limitations.

Benefit Payments and Other Disbursements

During the measurement period, disbursements from Pension Plan assets were as follows:



		December 31,
		2014				2013
Benefit Payments		$	541,896			$	572,907
Administrative Expenses			108,997				71,585
Termination Settlement			8,994,930				—

Total		$	9,645,823			$	644,492


Plan Assets

The Company’s investment policy for pension funds, prior to the termination of the Pension Plan, was to achieve four major objectives as follows:


	1)	Growth in the invested assets to maintain future purchasing power;


	2)	Provide a stable, increasing stream of investment income to support needs;


	3)	Ensure the preservation of asset values equal to or greater than the nominal book value of assets over the intermediate term or a complete economic cycle, whichever is longer; and


	4)	Maintain liquidity.

The allocation of investments targeted 60% in common equities and 40% in fixed income securities, exclusive of cash and cash equivalents with a typical 10% range of fluctuation. Equity securities primarily included investments in large-cap, mid-cap, and small-cap companies located in the United States and internationally. Fixed income securities primarily included corporate bonds of diversified industries and government bonds primarily located in the United States. Prior to the termination of the Pension plan, no single security, except short-term obligations of the U.S. government, constituted more than 4% of consolidated assets.



The Pension Plan’s weighted average asset allocations at December 31, 2013 by asset category are as follows:



		December 31,
		2014				2013
Cash and Cash Equivalents			0	%			3	%
Equity Securities			0	%			66	%
Fixed Income Securities			0	%			30	%
Alternative Investments			0	%			1	%

Total			0	%			100	%


The following is a table of the Fair Values of Pension Plan Assets and Fair Value Measurements at December 31, 2013 (measured with quoted prices in active markets – Level 1 inputs):



		December 31,
		2014				2013
Cash and Cash Equivalents		$	—			$	263,452
Equity Securities			—				6,134,969
Fixed Income Securities			—				2,730,912
Alternative Investments			—				130,599

Total		$	—			$	9,259,932


The long-term rate of return on Pension Plan assets represented an estimate of long-term returns on an investment portfolio consisting of a mixture of equities, fixed income, and alternative investments. When determining the long-term rate of return on Pension Plan assets, the Company considered long-term rates of return on the asset classes (both historical and forecasted) in which the Company expected the pension funds to be invested.

Cash Flows

The Company made periodic contributions in accordance with minimum funding requirements and maximum allowable deductions. Due to the termination, no future contributions will be required.

Estimated Future Benefit Payments

Termination of the Pension Plan was completed during the three months ended December 31, 2014, therefore, the benefit payments have been satisfied and no future benefit payments are expected.

PostRetirement_Benefit_Plans_O

Post-Retirement Benefit Plans Other Than Pensions	12 Months Ended
	Dec. 31, 2014
Text Block [Abstract]
Post-Retirement Benefit Plans Other Than Pensions	NOTE 16.	POST-RETIREMENT BENEFIT PLANS OTHER THAN PENSIONS

	Other Post-Retirement Benefits

	The Company has a policy regarding post-retirement benefit programs for certain health care and life insurance benefits for eligible retired employees. All full-time employees became eligible to receive life benefits if they retire after reaching age 55 with 20 or more years of service, and supplemental Medicare benefits if they reach age 65 and 20 years of service. The post-retirement health care plan is contributory with retiree contributions adjusted annually; the life insurance plan is non-contributory up to $5,000 of coverage.

	The Company recognizes post-retirement expenses in accordance with the “Employers’ Accounting for Post-Retirement Benefits Other Than Pensions Topic of FASB ASC,” which requires that expected costs of post-retirement benefits be charged to expense during the years the employees render service. The accrued post-retirement benefit cost reflected in the consolidated balance sheet in accrued liabilities at December 31, 2014 and 2013, was approximately $143,000 and $157,000, respectively. Subsequent to year end, the Company has effectively terminated the post-retirement benefit program and no further benefits will be provided to retirees.



	Unfunded Deferred Compensation Plans

	The Company previously established the Consolidated-Tomoka Land Co. Deferred Compensation Plan for Directors, and for Officers and Key Employees (the “Plans”). Both Plans provide that the Plans may be amended in whole or in part from time to time by the Board of Directors of the Company (the “Board”). At its Board meeting on October 26, 2011, the Board approved an amendment to the Plans to: 1) Freeze the Plans, effective January 1, 2012, to allow no new participants or deferrals into the Plans; and 2) to apply an interest rate of 6.0% to account balances for the year 2011 with the rate to be reviewed annually. An interest rate of 3.0% was applied to account balances for the years ended December 31, 2014 and 2013.

	On July 24, 2013, the Company’s Board of Directors terminated the Deferred Compensation Plan effective August 1, 2013. Accordingly, the Company made the normal required distributions prior to March 1, 2014 and the balance of the accounts were liquidated in August 2014.

	As a result, there is no deferred compensation reflected in accrued liabilities at December 31, 2014. The amount of deferred compensation reflected in accrued liabilities on the consolidated balance sheets at December 31, 2013 was approximately $383,000. Deferred compensation earnings allocated to the deferred compensation balance for the three years ended December 31, 2014, 2013, and 2012, were approximately $5,000, $14,000, and $41,000, respectively.

StockBased_Compensation

Stock-Based Compensation	12 Months Ended
Stock-Based Compensation	Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	NOTE 17.	STOCK-BASED COMPENSATION
	EQUITY-CLASSIFIED STOCK COMPENSATION
	Market Condition Restricted Shares
	Under the 2010 Plan, in 2010, the Company granted to certain employees non-vested restricted stock where vesting is based upon the achievement of certain market conditions, which are defined as the Company’s total shareholder return as compared to the total shareholder return of a certain peer group during a five-year performance period.
	The Company used a Monte Carlo simulation pricing model to determine the fair value of its market condition based awards. The determination of the fair value of market condition-based awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of awards, the relative performance of the Company’s stock price, and shareholder returns to those companies in its peer group, annual dividends, and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market conditions, provided the requisite service period is met.
	A summary of activity during the years ended December 31, 2014, 2013, and 2012 is presented below:


	Market Condition Non-Vested Restricted Shares		Shares				Wtd. Avg.
							Fair Value
							Per Share
	Outstanding at December 31, 2011			9,317			$	23.13
	Granted			—				—
	Vested			—				—
	Forfeited/Expired			(1,417	)			23.13

	Outstanding at December 31, 2012			7,900				23.13
	Granted			—				—
	Vested			—				—
	Forfeited/Expired			(2,833	)			23.13

	Outstanding at December 31, 2013			5,067				23.13
	Granted			—				—
	Vested			—				—
	Forfeited/Expired			—				—

	Outstanding at December 31, 2014			5,067			$	23.13

	As of December 31, 2014, there was approximately $21,000 of unrecognized compensation cost, adjusted for estimated forfeitures, related to market condition non-vested restricted shares, which will be recognized over a weighted average period of 0.9 years.

	Market Condition Inducement Grant of Restricted Shares
	“Inducement” grants of 96,000 and 17,000 shares of restricted Company common stock were awarded to Mr. Albright and Mr. Patten, in 2011 and 2012, respectively. Mr. Albright’s restricted shares were granted outside of the 2010 Plan while Mr. Patten’s restricted shares were awarded under the 2010 Plan. The Company filed a registration statement with the Securities and Exchange Commission on Form S-8 to register the resale of Mr. Albright’s restricted stock award. The restricted shares will vest in six increments based upon the price per share of Company common stock during the term of their employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices ranging from $36 per share for the first increment to $65 per share for the final increment. If any increment of the restricted shares fails to satisfy the applicable stock price condition prior to six years from the grant date, that increment of the restricted shares will be forfeited. As of December 31, 2014, four increments of Mr. Albright’s and Mr. Patten’s grants had vested.
	An additional “inducement” grant of 2,500 shares of restricted Company stock was awarded to Mr. Smith in 2014 under the 2010 Plan. The restricted stock will vest in two increments based upon the price per share of Company common stock during the term of his employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices of $60 per share and $65 per share for the two increments. If any increment of the restricted shares fails to satisfy the applicable stock price condition prior to six years from the grant date, that increment of the restricted shares will be forfeited.
	The Company used a Monte Carlo simulation pricing model to determine the fair value of its market condition based awards. The determination of the fair value of market condition-based awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of awards, the relative performance of the Company’s stock price, and shareholder returns to those companies in its peer group, annual dividends, and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market conditions, provided the requisite service period is met.
	A summary of the activity for these awards during the years ended December 31, 2014, 2013, and 2012 is presented below:


	Market Condition Non-Vested Restricted Shares		Shares				Wtd. Avg.
							Fair Value
							Per Share
	Outstanding at December 31, 2011			96,000			$	18.47
	Granted			17,000				18.02
	Vested			—				—
	Forfeited/Expired			—				—

	Outstanding at December 31, 2012			113,000				18.4
	Granted			—				—
	Vested			(18,500	)			23.89
	Forfeited/Expired			—				—

	Outstanding at December 31, 2013			94,500				17.33
	Granted			2,500				38.97
	Vested			(56,500	)			19.56
	Forfeited/Expired			—				—

	Outstanding at December 31, 2014			40,500			$	15.55

	As of December 31, 2014, there was approximately $94,000 of unrecognized compensation cost, adjusted for estimated forfeitures, related to market condition non-vested restricted shares, which will be recognized over a weighted average period of 0.6 years.
	Three Year Vest Restricted Shares
	On January 22, 2014, the Company granted to certain employees 14,500 shares of non-vested restricted stock under the 2010 Plan. One-third of the options will vest on each of the first, second, and third anniversaries of the grant date, provided they are an employee of the Company on those dates. In addition, any unvested portion of the options will vest upon a change in control.
	The Company’s determination of the fair value of the three year vest restricted stock awards was calculated by multiplying the number of shares issued by the Company’s stock price at the grant date, less the present value of expected dividends during the vesting period. Compensation cost is recognized on a straight-line basis over the vesting period.

	A summary of activity for these awards during the year ended December 31, 2014, is presented below:


Three Year Vest Non-Vested Restricted Shares		Shares				Wtd. Avg.
						Fair Value
						Per Share
Outstanding at December 31, 2013			—			$	—
Granted			14,500				36.08
Vested			—				—
Forfeited/Expired			(300	)			36.08

Outstanding at December 31, 2014			14,200			$	36.08

As of December 31, 2014, there was approximately $351,000 of unrecognized compensation cost, adjusted for estimated forfeitures, related to the three year vest non-vested restricted shares, which will be recognized over a remaining weighted average period of 2.1 years.
Non-Qualified Stock Option Awards
Pursuant to the Non-Qualified Stock Option Award Agreements between the Company and Mr. Albright, Mr. Patten, and Mr. Smith, Mr. Albright, Mr. Patten, and Mr. Smith were granted options to purchase 50,000, 10,000, and 10,000 shares of Company common stock, in 2011, 2012, and 2014, respectively, under the 2010 Plan with an exercise price per share equal to the fair market value on their respective grant dates. One-third of the options will vest on each of the first, second, and third anniversaries of their respective grant dates, provided they are an employee of the Company on those dates. In addition, any unvested portion of the options will vest upon a change in control. The options expire on the earliest of: (a) the tenth anniversary of the grant date; (b) twelve months after the employee’s death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
On January 23, 2013, the Company granted options to purchase 51,000 shares of the Company’s common stock under the 2010 Plan to certain employees of the Company, including 10,000 shares to Mr. Patten, with an exercise price of $34.95 per share, which was equal to the fair market value at the date of grant. One-third of these options will vest on each of the first, second, and third anniversaries of the grant date, provided the recipient is an employee of the Company on those dates. Any unvested portion of the options will vest upon a change in control. The options expire on the earliest of: (a) the fifth anniversary of the grant date; (b) twelve months after the employee’s death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
The Company used the Black-Scholes valuation pricing model to determine the fair value of its non-qualified stock option awards. The determination of the fair value of the awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the term of the awards, annual dividends, and a risk-free interest rate assumption.

A summary of the activity for these awards during the years ended December 31, 2014, 2013, and 2012, is presented below:


Non-Qualified Stock Option Awards		Shares				Wtd. Avg.			Wtd. Avg.			Aggregate
						Fair Value			Remaining			Intrinsic
						Per Share			Contractual			Value
									Term
									(Years)
Outstanding at December 31, 2011			50,000			$	28.9
Granted			10,000				29.34
Exercised			—				—
Forfeited/Expired			—				—

Outstanding at December 31, 2012			60,000				28.97
Granted			51,000				34.95
Exercised			(16,500	)			28.9
Forfeited/Expired			—				—

Outstanding at December 31, 2013			94,500				32.21
Granted			10,000				50
Exercised			(19,735	)			31.88
Forfeited/Expired			—				—

Outstanding at December 31, 2014			84,765			$	34.39			5.33		$	1,815,125

Exercisable at December 31, 2013			19,800			$	28.97			7.7		$	144,870

Exercisable at December 31, 2014			37,195			$	30.13			6.04		$	954,717

A summary of the non-vested options for these awards during the years ended December 31, 2014, 2013, and 2012, is presented below:


Non-Qualified Stock Option Awards		Shares				Fair Value
						of Shares
						Vested
Non-Vested at December 31, 2011			50,000
Granted			10,000
Vested			(16,666	)		$	481,647

Non-Vested at December 31, 2012			43,334
Granted			51,000
Vested			(19,634	)		$	568,875

Non-Vested at December 31, 2013			74,700
Granted			10,000
Vested			(37,130	)		$	1,176,331

Non-Vested at December 31, 2014			47,570

The weighted-average grant-date fair value of options granted during the year ended December 31, 2014 was $14.25. The total intrinsic value of options exercised during the year ended December 31, 2014 was approximately $387,000. As of December 31, 2014, there was approximately $264,000 of unrecognized compensation related to non-qualified, non-vested stock option awards, which will be recognized over a weighted average period of 1.4 years.
LIABILITY-CLASSIFIED STOCK COMPENSATION
The Company previously had a stock option plan (the “2001 Plan”) pursuant to which 500,000 shares of the Company’s common stock could be issued. The 2001 Plan is expired, and no new stock options may be issued thereunder. Under the 2001 Plan, both stock options and stock appreciation rights were issued in prior years and such issuances were deemed to be liability-classified awards under the Share-Based Payment Topic of FASB ASC, which are required to be remeasured at fair value at each balance sheet date until the award is settled.

A summary of share option activity under the 2001 Plan during the years ended December 31, 2014, 2013, and 2012 is presented below:
Stock Options


Liability-Classified Stock Options		Shares				Wtd. Avg.			Wtd. Avg.			Aggregate
						Fair Value			Remaining			Intrinsic
						Per Share			Contractual			Value
									Term
									(Years)
Outstanding at December 31, 2011			205,800			$	53.12
Granted			—				—
Exercised			(5,600	)			20.12
Forfeited/Expired			(119,400	)			55.13

Outstanding at December 31, 2012			80,800				52.43
Granted			—				—
Exercised			(11,600	)			30.39
Forfeited/Expired			(15,400	)			63.58

Outstanding at December 31, 2013			53,800				53.99
Granted			—				—
Exercised			(18,500	)			37.8
Forfeited/Expired			—				—

Outstanding at December 31, 2014			35,300			$	62.47			2.46		$	102,022

Exercisable at December 31, 2013			53,800			$	53.99			3.8		$	46,950

Exercisable at December 31, 2014			35,300			$	62.47			2.46		$	102,022

In connection with the grant of non-qualified stock options, a stock appreciation right for each share covered by the option was also granted. The stock appreciation right entitles the optionee to receive a supplemental payment, which may be paid in whole or in part in cash or in shares of common stock, equal to a portion of the spread between the exercise price and the fair market value underlying the share at the time of exercise. The total intrinsic value of options exercised during the year ended December 31, 2014 was approximately $232,000.
Stock Appreciation Rights


Liability-Classified Stock Appreciation Rights		Shares				Wtd. Avg.			Wtd. Avg.			Aggregate
						Fair Value			Remaining			Intrinsic
						Per Share			Contractual			Value
									Term
									(Years)
Outstanding at December 31, 2011			205,800			$	0.93
Granted			—				—
Exercised			(5,600	)			5.07
Forfeited/Expired			(119,400	)			0.73

Outstanding at December 31, 2012			80,800				1.12
Granted			—				—
Exercised			(11,600	)			4.29
Forfeited/Expired			(15,400	)			0.46

Outstanding at December 31, 2013			53,800				1.61
Granted			—				—
Exercised			(18,500	)			11.2
Forfeited/Expired			—				—

Outstanding at December 31, 2014			35,300			$	5.56			2.46		$	54,935

Exercisable at December 31, 2013			53,800			$	1.61			3.8		$	25,281

Exercisable at December 31, 2014			35,300			$	5.56			2.46		$	54,935


The total intrinsic value of stock appreciation rights exercised during the year ended December 31, 2014 was approximately $125,000.
A summary of the non-vested options for these awards during the years ended December 31, 2014, 2013, and 2012, is presented below:


Liability-Classified Stock Options and Stock Appreciation Rights		Shares				Fair Value
						of Shares
						Vested
Non-Vested at December 31, 2011			42,160
Vested			(10,120	)		$	23,962
Forfeited/Expired			(29,400	)

Non-Vested at December 31, 2012			2,640
Vested			(2,640	)		$	20,038
Forfeited/Expired			—

Non-Vested at December 31, 2013			—
Vested			—			$	—
Forfeited/Expired			—

Non-Vested at December 31, 2014			—

The fair value of each share option and stock appreciation right is estimated on the measurement date using the Black-Scholes option pricing model based on assumptions noted in the following table. Expected volatility is based on the historical volatility and other factors of the Company. The Company has elected to use the simplified method of estimating the expected term of the options and stock appreciation rights.
Due to the small number of employees included in the Plan, the Company uses the specific identification method to estimate forfeitures and includes all participants in one group. The risk-free rate for periods within the contractual term of the share option is based on the U.S. Treasury rates in effect at the time of measurement.
The Company issues new, previously unissued, shares as options are exercised.
Following are assumptions used in determining the fair value of stock options and stock appreciation rights:


Assumptions at December 31,		2014				2013			2012
Expected Volatility			34.07	%			23.07	%		24.34	%
Expected Dividends			0.07	%			0.11	%		0.13	%
Expected Term			2 years				3 years			3 years
Risk-Free Rate			0.78	%			1.21	%		0.39	%
There were no stock options or stock appreciation rights granted under the 2001 plan in 2014, 2013, or 2012.
The liability for stock options and stock appreciation rights, at fair value, reflected on the consolidated balance sheets at December 31, 2014 and 2013, was approximately $560,000 and $248,000, respectively. These fair value measurements are based on Level 2 inputs based on Black-Scholes and market implied volatility. The Black-Scholes determination of fair value is affected by variables including stock price, expected stock price volatility over the term of the awards, annual dividends, and a risk-free interest rate assumption.
Amounts recognized in the financial statements for stock options, stock appreciation rights, and restricted stock are as follows:


		Year Ended December 31,
		2014				2013			2012
Total Cost of Share-Based Plans Charged Against
Income Before Tax Effect		$	1,271,924			$	901,447		$	1,047,335

Income Tax Expense)
Recognized in Income		$	(490,645	)		$	(347,733	)	$	(404,010	)


The aggregate intrinsic value of options is calculated by taking the current stock price of the Company as of the balance sheet date less the option exercise price, times the respective number of shares outstanding or exercisable, on a weighted average basis. Options with an exercise price greater than the current stock price are excluded from the calculation.

Income_Taxes

Income Taxes	12 Months Ended
Income Taxes	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Income Taxes	NOTE 18.	INCOME TAXES
	In July 2013, the FASB issued ASU 2013-11, which amends its guidance on the financial statement presentation of an unrecognized tax benefit when a net operating loss carryforward, a similar tax loss, or a tax credit carryforward exists. The amendments in this update are effective for annual reporting periods beginning after December 15, 2013. The adoption of these changes did not have a material impact on the Company’s consolidated financial statements.
	The provisions for income tax benefit (expense) are summarized as follows:


			2014						2013					2012
			Current			Deferred			Current			Deferred		Current		Deferred
	Federal		$	(2,233,512	)	$	(1,223,260	)	$	(1,817,112	)	$	264,121	$	58,443	$	(269,712	)
	State			(302,896	)		(71,195	)		(354,061	)		15,372		335,361		(95,370	)

	Total		$	(2,536,408	)	$	(1,294,455	)	$	(2,171,173	)	$	279,493	$	393,804	$	(365,082	)

	Deferred tax assets and liabilities are recognized for the future tax consequences attributable to the differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.
	The sources of these differences and the related deferred income tax assets (liabilities) are summarized as follows:


			Deferred Tax
			2014			2013
	Deferred Income Tax Assets
	Depreciation		$	2,541,509		$	1,899,202
	Deferred Compensation			—			147,588
	Deferred Oil Lease Income			545,179			922,254
	Deferred Lease Expense			1,147,181			1,288,555
	Pension and Other Post Retirement Benefits			55,083			(48,342	)
	Stock Options			621,489			837,156
	Impairment Reserves			1,688,979			1,688,979
	Other - Net			80,501			40,259

	Gross Deferred Income Tax Assets			6,679,921			6,775,651
	Less - Valuation Allowance			(415,453	)		(415,453	)

	Net Deferred Income Tax Assets			6,264,468			6,360,198

	Deferred Income Tax Liabilities
	Sales of Real Estate		$	(39,635,433	)	$	(37,810,005	)
	Commercial Mortgage Purchase Discount			—			(504,886	)
	Basis Difference in Joint Venture			(342,015	)		(342,015	)
	Other - Net			(325,462	)		(255,360	)

	Total Deferred Income Tax Liabilities			(40,302,910	)		(38,912,266	)

	Net Deferred Income Tax Liabilities		$	(34,038,442	)	$	(32,552,068	)

	In assessing the realizability of deferred income tax assets, Management considers whether it is more likely than not that some portion or all of the deferred income tax assets will not be realized. The ultimate realization of deferred income tax assets is dependent upon the realization of future taxable income during the periods in which those temporary differences become deductible. We consider past history, the scheduled reversal of taxable temporary differences, projected future taxable income, and tax planning strategies in making this assessment. As of December 31, 2014 and 2013, we believe it is more likely than not that a portion of the Company’s deferred income tax assets will not be realized, and accordingly, a valuation allowance has been provided. As of December 31, 2014 and 2013, the valuation allowance was approximately $415,000.
	As of December 31, 2014 and 2013, the valuation allowance relates solely to a basis difference in a joint venture with a wholly owned and fully consolidated subsidiary, and no valuation allowance is provided for charitable contribution carryforwards due to the expectation of full utilization during 2014 and 2013.
	Following is a reconciliation of the income tax computed at the federal statutory rate of 35% for 2014, 2013, and 2012:


			Year ended December 31,
			2014			2013			2012
	Income Tax (Expense) Benefit Computed at Federal Statutory Rate		$	(3,575,138	)	$	(1,558,626	)	$	10,158
	Increase (Decrease) Resulting from:
	State Income Tax, Net of Federal Income Tax Benefit			(349,334	)		(149,791	)		8,360
	Other Reconciling Items			93,609			(183,263	)		10,204

	Benefit (Expense) for Income Taxes		$	(3,830,863	)	$	(1,891,680	)	$	28,722

	The effective income tax rate for each of the three years ended December 31, 2014, 2013, and 2012, including income taxes attributable to the discontinued operations, was 37.5%, 41.3%, and 36.7%, respectively. There were no changes to unrecognized tax benefits during the years ended December 31, 2014, 2013, or 2012.
	The Company files a consolidated income tax return in the United States Federal jurisdiction and the States of Arizona, Colorado, California, Florida, Illinois, Georgia, Maryland, North Carolina, Texas, and Washington. The Internal Revenue Service has audited the federal tax returns through the year 2012, with all proposed adjustments settled. The Company recognizes all potential accrued interest and penalties to unrecognized tax benefits in income tax expense. For the years ended December 31, 2014, 2013, and 2012 the Company recognized no uncertain tax positions or accrued interest and penalties for uncertain tax positions.
	Net income taxes paid during the years ended December 31, 2014 and 2013 totaled approximately $3.0 million and $1.6 million, respectively. Net income taxes of approximately $177,500 were refunded during the year ended December 31, 2012.

Commitments_and_Contingencies

Commitments and Contingencies	12 Months Ended
Commitments and Contingencies	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	NOTE 19.	COMMITMENTS AND CONTINGENCIES
	MINIMUM FUTURE RENTAL PAYMENTS
	The Company leases, as lessee, certain equipment, land, and improvements under operating leases.
	Minimum future rental payments under non-cancelable operating leases having remaining terms in excess of one year as of December 31, 2014, are summarized as follows:


	Year Ending December 31,		Amounts
	2015		$	736,606
	2016			553,347
	2017			328,551
	2018			295,529
	2019			297,182
	2020 and thereafter (cumulative)			817,552

	Total		$	3,028,767

	Rental expense under all operating leases amounted to approximately $408,000, $402,000, and $666,000, for the years ended December 31, 2014, 2013, and 2012, respectively.

	MINIMUM FUTURE RENTAL RECEIPTS
	Additionally, the Company, as lessor, leases certain land, buildings, and improvements under operating leases.
	Minimum future rental receipts under non-cancelable operating leases having remaining terms in excess of one year as of December 31, 2014, are summarized as follows:


	Year Ending December 31,		Amounts
	2015		$	15,166,617
	2016			14,913,721
	2017			13,080,929
	2018			12,952,643
	2019			12,368,304
	2020 and thereafter (cumulative)			68,697,963

	Total		$	137,180,177

	LEGAL PROCEEDINGS
	From time to time, the Company may be a party to certain legal proceedings, incidental to the normal course of business. While the outcome of the legal proceedings cannot be predicted with certainty, the Company does not expect that these proceedings will have a material effect upon our financial condition or results of operations.
	In September 2010, St. Johns River Water Management District (the “District”) served the Company with an administrative complaint filed with the Florida Division of Administrative Hearings in connection with certain Company agricultural operations. In August 2012, the Company submitted a proposed settlement offer to the District, offering certain undeveloped acreage owned by the Company. The Company accrued a reserve equal to $611,691 in the quarter ended September 30, 2012, reflecting the Company’s carrying value of the acreage offered to settle the matter. In December 2012, the Company and the District executed a settlement agreement (“SJRWMD Agreement”) in which the Company agreed to submit an after-the-fact permit application and increased the undeveloped acreage offered for mitigation in connection with the permit. The Company adjusted the reserve to a total of $723,058 to reflect the increased acreage offered in the SJRWMD Agreement. The SJRWMD Agreement was contingent upon the Company and the District reaching agreement on a management fee and issuance of the permit. The Company submitted its permit application on January 28, 2013. In March 2013 the Company conveyed the acreage contemplated by the SJRWMD Agreement, the District issued the after-the-fact permit and the litigation was settled.
	On November 21, 2011, the Company, Indigo Mallard Creek LLC and Indigo Development LLC, as owners of the property leased to Harris Teeter, Inc. (“Harris Teeter”) in Charlotte, North Carolina, were served with pleadings filed in the General Court of Justice, Superior Court Division for Mecklenburg County, North Carolina, for a highway condemnation action involving the property. The proposed road modifications would impact access to the Company’s property that is leased to Harris Teeter. The Company does not believe the road modifications provided a basis for Harris Teeter to terminate the Lease. Regardless, in January 2013, NCDOT proposed to redesign the road modifications to keep the all access intersection open for ingress with no change to the planned limitation on egress to the right-in/right-out only. Additionally, NCDOT and the City of Charlotte proposed to build and maintain a new access road/point into the property. Both government entities have confirmed that funding is available and the redesigned project is proceeding. Harris Teeter has expressed satisfaction with the redesigned project and indicated that it will not attempt to terminate its lease if this project is built as currently redesigned. Because the redesigned project will not be completed until 2016, the condemnation case has been placed in administrative closure. As a result, the trial and mediation will not likely be scheduled until requested by the parties, most likely in 2016.
	In May 2010, the Company filed a lawsuit in the Circuit Court, Seventh Judicial Circuit, in and for Volusia County, Florida (“Circuit Court”), in order to enforce its approximate $3.8 million claim of lien on real property owned by FM Bayberry Cove Holding, LLC (“FM Bayberry”) for its share of the costs for construction of a road. BB&T was included as a defendant as the current mortgage holder of the property subject to the Company’s lien. BB&T filed a counterclaim asserting that its mortgage is superior to the Company’s claim of lien which the Company denied. BB&T and the Company each filed motions for summary judgment as to the priority of their respective interests in the property which were heard by the court on January 12, 2012. The Circuit Court determined that the Company’s interests were superior to the lien imposed by BB&T and all other interests and a final judgment of foreclosure was subsequently entered. However, all further proceedings in the Circuit Court (including the foreclosure sale) were stayed pending BB&T’s appeal to the Florida District Court of Appeal, Fifth District (the “Appellate Court”), regarding the Circuit Court’s determination in the matter of priority. On October 29, 2013, the Appellate Court ruled in favor of the Company, affirming the Circuit Court’s determination that the Company’s lien against the approximately 600-acre parcel of residential land (lying west of I-95 near the LPGA International development and adjacent to Bayberry Colony) is superior to the lien imposed by BB&T. The judgment has accrued to over $4.6 million, including interest. The Company has not included an accrual related to interest in the consolidated financial statements. At this time, the Appellate Court’s decision is subject to possible motion for rehearing by BB&T. On December 3, 2013, the Circuit Court entered a Second Amended Final Judgment of Foreclosure in Accordance with the Appellate Court’s Mandate, which, among other things, set the date of the Company’s foreclosure sale to occur on January 29, 2014. On January 29, 2014, the Company’s approximately $4.7 million claim for unreimbursed costs and accrued interest was satisfied through the successful foreclosure of approximately 600 acres of land.
	CONSTRUCTION AND OTHER COMMITMENTS
	In conjunction with the Company’s sale of approximately 3.4 acres of land to RaceTrac Petroleum, Inc. (“RaceTrac”) in December 2013, the Company agreed to reimburse RaceTrac for a portion of the costs for road improvements and the other costs associated with bringing multiple ingress/egress points to the entire 23 acre Williamson Crossing site, including the Company’s remaining 19.6 acres. The estimated cost for the improvements equals approximately $1.26 million and the Company’s commitment is to reimburse RaceTrac in an amount equal to the lesser of 77.5% of the actual costs or $976,500, and can be paid over five years from sales of the remaining land or at the end of the fifth year. As of December 31, 2013, the Company deposited $283,500 of cash in escrow related to the improvements which was classified as restricted cash in the consolidated balance sheets as of December 31, 2014 and 2013. Accordingly, as of December 31, 2014, the remaining maximum commitment is $693,000.
	During the year ended December 31, 2014, the Company sold approximately 75.6 acres of land, located on the east side of Interstate 95, for the development of a distribution center. In connection with the sale, the Company is obligated to fund approximately $616,000 of certain road improvements, a portion of which will be reimbursed by the City. The amount of the reimbursement is estimated at approximately $243,000. As the costs are incurred, the Company will recognize the deferred revenue as described in Note 14 “Deferred Revenue” on a percentage-of-completion basis. As of December 31, 2014 costs of approximately $521,000 had been incurred and approximately $95,000 remained. The road improvements are expected to be completed in February 2015.
	As of December 31, 2014, the Company is committed to fund approximately $994,000 of the total $6.3 million first mortgage commitment for the redevelopment of an existing vacant retail property into a Container Store in Glendale, Arizona, which opened on February 7, 2015. As of December 31, 2014, approximately $5.3 million was funded. The remaining $994,000 may be drawn by the borrower as construction costs are incurred. Construction was substantially complete as of December 31, 2014 and the Company expects to fund the remaining commitment in the first quarter of 2015.
	In connection with certain land sale contracts to which the Company is a party, the purchasers’ pursuit of customary development entitlements has given rise to an informal inquiry by federal regulatory agencies regarding prior agricultural activities on a portion of our land. We believe the issues raised by, and the land which is the subject of, this inquiry are similar to or the same as those which were addressed and resolved by the SJRWMD Agreement and the permit which the District subsequently issued to the Company. We have received no formal notification from any of these agencies regarding this matter. As a result, given the early stage of this process, we are unable to reasonably estimate the liability, if any, that the Company may incur arising from this inquiry. Accordingly, no amounts have been accrued as of December 31, 2014 related to this matter.

Business_Segment_Data

Business Segment Data	12 Months Ended
Business Segment Data	Dec. 31, 2014
Segment Reporting [Abstract]
Business Segment Data	NOTE 20.	BUSINESS SEGMENT DATA
	The Company primarily operates in four business segments: income properties, commercial loan investments, real estate operations, and golf operations. Our income property operations consist primarily of income-producing properties and our business plan is focused on investing in additional income-producing properties. Our income property operations accounted for 68.6% and 67.1% of our identifiable assets as of December 31, 2014 and 2013, respectively, and 42.1%, 49.6%, and 52.1% of our consolidated revenues for the years ended December 31, 2014, 2013, and 2012, respectively. Our commercial loan investments consisted of one loan collateralized by a hotel property in Atlanta, Georgia as of December 31, 2013. As of December 31, 2014, we had five commercial loan investments including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan, and a variable-rate first mortgage loan. Our real estate operations primarily consist of revenues generated from land transactions and leasing and royalty income from our interests in subsurface oil, gas and mineral rights. Our golf operations consist of a single property located in the City of Daytona Beach, with two 18-hole championship golf courses, a practice facility, and clubhouse facilities, including a restaurant and bar operation and pro-shop with retail merchandise. The majority of the revenues generated by our golf operations are derived from members and public customers playing golf, club memberships, and food and beverage operations.
	The Company evaluates performance based on profit or loss from operations before income taxes. The Company’s reportable segments are strategic business units that offer different products. They are managed separately because each segment requires different management techniques, knowledge, and skills.

	Information about the Company’s operations in different segments for the years ended December 31, 2014, 2013, and 2012 is as follows:


			Year Ended December 31,
			2014			2013			2012
	Revenues:
	Income Properties		$	14,969,647		$	12,828,214		$	8,463,082
	Commercial Loan Investments			2,190,924			1,712,913			—
	Real Estate Operations			12,955,820			5,945,510			3,098,840
	Golf Operations			5,125,501			5,074,898			4,506,069
	Agriculture and Other Income			277,831			276,309			164,979

	Total Revenues		$	35,519,723		$	25,837,844		$	16,232,970

	Operating Income (Loss):
	Income Properties		$	13,015,113		$	11,494,240		$	7,786,986
	Commercial Loan Investments			2,190,924			1,712,913			—
	Real Estate Operations			8,630,445			2,291,609			2,393,778
	Golf Operations			(405,242	)		(412,177	)		(887,564	)
	Agriculture and Other			88,527			127,949			(33,855	)
	General and Corporate Expenses			(10,927,261	)		(8,935,157	)		(8,395,444	)

	Total Operating Income (Loss)		$	12,592,506		$	6,279,377		$	863,901

	Identifiable Assets:
	Income Properties		$	189,417,882		$	151,682,578		$	130,726,326
	Commercial Loan Investments			30,274,302			18,887,979			—
	Real Estate Operations			28,968,000			29,929,179			34,161,944
	Golf Operations			3,639,903			3,269,212			3,230,225
	Agriculture and Other			23,622,668			22,414,732			16,578,405

	Total Assets		$	275,922,755		$	226,183,680		$	184,696,900

	Depreciation and Amortization:
	Income Properties		$	3,210,028		$	2,650,310		$	1,742,589
	Commercial Loan Investments			—			—			—
	Real Estate Operations			—			—			—
	Golf Operations			241,134			205,097			173,110
	Agriculture and Other			39,323			29,910			94,806

	Total Depreciation and Amortization		$	3,490,485		$	2,885,317		$	2,010,505

	Capital Expenditures:
	Income Properties		$	43,766,003		$	40,418,981		$	25,945,926
	Commercial Loan Investments			30,208,075			17,658,204			—
	Real Estate Operations			—			—			—
	Golf Operations			219,199			223,690			343,969
	Agriculture and Other			140,970			146,165			105,729

	Total Capital Expenditures		$	74,334,247		$	58,447,040		$	26,395,624

	Operating income represents income from continuing operations before loss on early extinguishment of debt, interest expense, interest income, and income taxes. General and corporate expenses are an aggregate of general and administrative expenses, impairment charges, depreciation and amortization expense, and gains (losses) on the disposition of assets. Identifiable assets by segment are those assets that are used in the Company’s operations in each segment. Other assets consist primarily of cash, property, plant, and equipment related to the other operations, as well as the general and corporate operations. There were no transactions between segments for any of the periods presented.

Subsequent_Events

Subsequent Events	12 Months Ended
	Dec. 31, 2014
Subsequent Events [Abstract]
Subsequent Events	NOTE 21.	SUBSEQUENT EVENTS
	The Company reviewed all subsequent events and transactions that have occurred after December 31, 2014, the date of the consolidated balance sheet.
	The Company executed an amendment to its Credit Facility on January 12, 2015 to adjust one of the covenants pertaining to permitted investments providing increased flexibility for the Company.
	There were no other reportable subsequent events or transactions.

Real_Estate_and_Accumulated_De

Real Estate and Accumulated Depreciation	12 Months Ended
Real Estate and Accumulated Depreciation	Dec. 31, 2014
SEC Schedule III, Real Estate and Accumulated Depreciation Disclosure [Abstract]
Real Estate and Accumulated Depreciation	SCHEDULE III
	REAL ESTATE AND ACCUMULATED DEPRECIATION
	FOR THE YEAR ENDED DECEMBER 31, 2014


			Initial Cost to Company									Costs Capitalized
												Subsequent to
												Acquisition
	Description		Encumbrances			Land			Buildings &			Improvements			Carrying
	Description		Encumbrances			Land			Improvements			Improvements			Costs
			$			$			$			$			$
	Income Properties:
	American Signature Furniture, Daytona Beach, FL			—			2,176,461			2,772,378			—			—
	Bank of America, Garden Grove, CA			1,840,985			1,745,447			1,454,531			—			—
	Bank of America, La Habra, CA			1,236,866			571,573			1,578,333			—			—
	Bank of America, Laguna, CA			1,657,646			1,231,328			1,649,972			—			—
	Bank of America, Los Alamitos, CA			922,796			771,976			832,016			—			—
	Bank of America, Puerta Real Mission Viejo, CA			734,920			523,539			753,890			—			—
	Bank of America, Trabuco Mission Viejo, CA			1,115,623			544,713			1,394,450			—			—
	Bank of America, Walnut, CA			1,298,571			1,043,050			1,214,110			—			—
	Bank of America, Westminster, CA			1,744,565			1,950,902			1,081,480			—			—
	Bank of America, Yorba Linda, CA			1,003,175			1,245,514			498,193			—			—
	Barnes & Noble, Daytona Beach, FL			—			1,798,600			3,803,000			—			—
	Best Buy, McDonough, GA			—			2,622,682			3,150,000			—			—
	Big Lots, Germantown, MD			3,300,000			1,781,918			2,951,231			—			—
	Big Lots, Phoenix, AZ			3,400,000			1,715,717			3,050,164			—			—
	Buffalo Wild Wings, Phoenix, AZ			987,715			1,716,834			—			—			—
	CVS, Clermont, FL			—			1,493,985			1,452,823			—			—
	CVS, Melbourne, FL			—			1,567,788			919,186			—			—
	CVS, Sanford, FL			—			1,565,176			1,890,671			—			—
	CVS, Sanford, FL			—			2,345,694			1,275,625			—			—
	CVS, Sebastian, FL			—			2,205,709			1,288,995			—			—
	CVS, Sebring, FL			—			1,312,472			1,722,559			—			—
	CVS, Tallahassee, FL			2,112,360			590,800			1,595,000			1,485,878			—
	CVS, Vero Beach, FL			—			3,113,661			1,312,235			—			—
	Dick’s Sporting Goods, McDonough, GA			—			3,934,022			4,725,000			—			—
	Harris Teeter Supermarket, Charlotte, NC			6,600,000			5,601,837			3,409,338			—			—
	Hilton Resorts Corporation (Office), Orlando, FL			5,252,926			2,810,942			6,590,681			—			—
	Hilton Resorts Corporation (Office), Orlando, FL			2,047,074			1,210,138			2,453,690			—			—
	JPMorgan Chase Bank, Chicago, IL			2,029,983			3,528,492			—			—			—
	Lowe’s Corporation, Katy, TX			8,500,000			4,887,732			9,060,786			—			—
	Lowe’s Corporation, Lexington, NC			—			5,048,640			4,548,880			—			—
	PNC Bank, Altamonte Springs, FL			—			3,435,502			410,961			—			—
	Rite Aid, Renton, WA			4,700,000			2,036,235			4,148,415			—			—
	The Grove at Winter Park, Winter Park, FL			—			1,240,000			1,860,000			—			—
	Walgreens, Alpharetta, GA			—			3,265,623			1,406,160			—			—
	Walgreens, Boulder, CO			3,963,967			3,474,934			3,415,186			—			—
	Walgreens, Clermont, FL			3,500,000			3,021,665			1,269,449			—			—
	Walgreens, Palm Bay, FL			2,450,828			1,102,640			3,157,360			—			—
	Whole Foods Market Centre, Sarasota, FL			—			6,335,437			11,900,350			—			—
	Mason Commerce Center-Bldg. 1, Daytona Beach, FL			—			66,304			1,277,027			602,829			—
	Mason Commerce Center-Bldg. 2, Daytona Beach, FL			—			66,304			1,277,027			898,598			—
	Williamson Business Park-Bldg. 1, Daytona Beach, FL			—			110,509			1,008,784			194,456			—
	Williamson Business Park-Bldg. 2, Daytona Beach, FL			—			110,509			999,320			150			—
	Concierge Office Building, Daytona Beach, FL			—			293,872			2,862,171			157,497			—
	Land, Timber, and Subsurface Interests			—			4,139,321			—			10,506,399			670,846

				60,400,000			91,356,197			103,421,427			13,845,807			670,846

	Gross Amount at Which
	Carried at Close of Period
	December 31, 2014


		Land			Buildings			Total			Depreciation			Construction			Acquired		Life
		$			$			$			$
Income Properties:
American Signature Furniture, Daytona Beach, FL			2,176,461			2,772,378			4,948,839			28,879			N/A			7/17/14		40 Yrs.
Bank of America, Garden Grove, CA			1,745,447			1,454,531			3,199,978			75,757			N/A			12/13/12		40 Yrs.
Bank of America, La Habra, CA			571,573			1,578,333			2,149,906			78,808			N/A			12/13/12		40 Yrs.
Bank of America, Laguna Beach, CA			1,231,328			1,649,972			2,881,300			85,936			N/A			12/13/12		40 Yrs.
Bank of America, Los Alamitos, CA			771,976			832,016			1,603,992			41,601			N/A			12/13/12		40 Yrs.
Bank of America, Mission Viejo, CA (Puerta Real)			523,539			753,890			1,277,429			39,265			N/A			12/13/12		40 Yrs.
Bank of America, Mission Viejo, CA (Trabuco)			544,713			1,394,450			1,939,163			72,628			N/A			1/3/13		40 Yrs.
Bank of America, Walnut, CA			1,043,050			1,214,110			2,257,160			60,706			N/A			1/3/13		40 Yrs.
Bank of America, Westminster, CA			1,950,902			1,081,480			3,032,382			56,327			N/A			1/3/13		40 Yrs.
Bank of America, Yorba Linda, CA			1,245,514			498,193			1,743,707			25,014			N/A			1/3/13		40 Yrs.
Barnes & Noble, Daytona Beach, FL			1,798,600			3,803,000			5,601,600			1,331,050			N/A			12/15/05		40 Yrs.
Best Buy, McDonough, GA			2,622,682			3,150,000			5,772,682			675,938			N/A			6/15/06		40 Yrs.
Big Lots, Germantown, MD			1,781,918			2,951,231			4,733,149			98,374			N/A			9/13/13		40 Yrs.
Big Lots, Phoenix, AZ			1,715,717			3,050,164			4,765,881			146,154			N/A			1/23/13		40 Yrs.
Buffalo Wild Wings, Phoenix, AZ			1,716,834			—			1,716,834			—			N/A			9/30/12		N/A
CVS, Clermont, FL			1,493,985			1,452,823			2,946,808			440,620			N/A			11/22/02		40 Yrs.
CVS, Melbourne, FL			1,567,788			919,186			2,486,974			271,926			N/A			3/5/03		40 Yrs.
CVS, Sanford, FL			1,565,176			1,890,671			3,455,847			622,346			N/A			11/15/01		40 Yrs.
CVS, Sanford, FL			2,345,694			1,275,625			3,621,319			352,025			N/A			9/17/03		40 Yrs.
CVS, Sebastian, FL			2,205,709			1,288,995			3,494,704			344,596			N/A			4/23/04		40 Yrs.
CVS, Sebring, FL			1,312,472			1,722,559			3,035,031			513,179			N/A			2/4/03		40 Yrs.
CVS, Tallahassee, FL			2,076,678			1,595,000			3,671,678			621,155			N/A			12/13/00		40 Yrs.
CVS, Vero Beach, FL			3,113,661			1,312,235			4,425,896			314,390			N/A			6/2/05		40 Yrs.
Dick’s Sporting Goods, McDonough, GA			3,934,022			4,725,000			8,659,022			1,013,906			N/A			6/15/06		40 Yrs.
Harris Teeter Supermarket, Charlotte, NC			5,601,837			3,409,338			9,011,175			575,326			N/A			4/17/08		40 Yrs.
Hilton Resorts Corporation (Office), Orlando, FL			2,810,942			6,590,681			9,401,623			311,822			N/A			1/30/13		40 Yrs.
Hilton Resorts Corporation (Office), Orlando, FL			1,210,138			2,453,690			3,663,828			121,517			N/A			1/30/13		40 Yrs.
JPMorgan Chase Bank, Chicago, IL			3,528,492			—			3,528,492			—			N/A			11/30/12		N/A
Lowe’s Corporation, Katy, TX			4,887,732			9,060,786			13,948,518			151,013			N/A			4/22/14		40 Yrs.
Lowe’s Corporation, Lexington, NC			5,048,640			4,548,880			9,597,520			1,127,743			N/A			1/20/05		40 Yrs.
PNC Bank, Altamonte Springs, FL			3,435,502			410,961			3,846,463			99,316			N/A			5/25/05		40 Yrs.
Rite Aid, Renton, WA			2,036,235			4,148,415			6,184,650			146,923			N/A			7/25/13		40 Yrs.
The Grove at Winter Park, Winter Park, FL			1,240,000			1,860,000			3,100,000			—			N/A			12/30/14		40 Yrs.
Walgreens, Alpharetta, GA			3,265,623			1,406,160			4,671,783			377,905			N/A			3/31/04		40 Yrs.
Walgreens, Boulder, CO			3,474,934			3,415,186			6,890,120			234,794			N/A			4/11/12		40 Yrs.
Walgreens, Clermont, FL			3,021,665			1,269,449			4,291,114			335,875			N/A			5/27/04		40 Yrs.
Walgreens, Palm Bay, FL			1,102,640			3,157,360			4,260,000			1,072,187			N/A			2/12/03		40 Yrs.
Whole Foods Market Centre, Sarasota, FL			6,335,437			11,900,350			18,233,787			74,377			N/A			10/7/14		40 Yrs.
Mason Commerce Center-Bldg. 1, Daytona Beach, FL			669,133			1,277,027			1,946,160			544,571			9/1/08			N/A		40 Yrs.
Mason Commerce Center-Bldg. 2, Daytona Beach, FL			964,902			1,277,027			2,241,929			521,228			9/1/08			N/A		40 Yrs.
Williamson Business Park-Bldg. 1, Daytona Beach, FL			304,965			1,008,784			1,313,749			25,445			5/1/14			N/A		40 Yrs.
Williamson Business Park-Bldg. 2, Daytona Beach, FL			110,659			999,320			1,109,979			16,655			5/1/14			N/A		40 Yrs.
Concierge Office Building, Daytona Beach, FL			451,369			2,862,171			3,313,541			574,767			7/1/09			N/A		40 Yrs.
Land, Timber, and Subsurface Interests			15,316,566			—			15,316,566			451,052			Various			N/A

			105,872,850			103,421,427			209,294,277			14,073,096

REAL ESTATE AND ACCUMULATED DEPRECIATION
FOR THE YEAR ENDED DECEMBER 31, 2014


		2014			2013			2012
		$			$			$
Cost:
Balance at Beginning of Year			170,194,285			151,226,811			134,561,058
Additions and Improvements			42,908,366			36,607,950			24,552,841
Adjust to Fair Value			—			—			—
Cost of Real Estate Sold			(3,808,374	)		(17,640,476	)		(7,887,088	)

Balance at End of Year			209,294,277			170,194,285			151,226,811

		$			$			$
Accumulated Depreciation:
Balance at Beginning of Year			11,986,949			11,135,501			10,089,354
Depreciation and Amortization			2,441,593			2,066,386			1,539,990
Depreciation on Real Estate Sold			(355,446	)		(1,214,938	)		(493,843	)

Balance at End of Year			14,073,096			11,986,949			11,135,501

(1) Reconciliation to Consolidated Balance Sheet at December 31, 2014
Land, Timber, and Subsurface Interests									15,316,566
Income Properties, Land, Buildings, and Improvements									193,977,711

									209,294,277
(2) Cost Basis of Assets Classified as Held for Sale on Balance Sheet									—

Total Per Schedule									209,294,277

Mortgage_Loans_on_Real_Estate

Mortgage Loans on Real Estate	12 Months Ended
Mortgage Loans on Real Estate	Dec. 31, 2014
Mortgage Loans on Real Estate [Abstract]
Mortgage Loans on Real Estate	SCHEDULE IV
	MORTGAGE LOANS ON REAL ESTATE
	FOR THE YEAR ENDED DECEMBER 31, 2014


	Description		Interest Rate		Final Maturity	Periodic Payment		Prior				Face Amount		Carrying Amounts		Principal Amount of
					Date	Terms		Liens				of Mortgages		of Mortgages		Loans Subject to
																Delinquent
																Principal or Interest
			%					$				$		$		$
	Mezzanine Mortgage Loans:
	Hotel – Atlanta, GA		12.00%		February 2019	Principal payable in full at maturity			—				5,000,000		5,000,000		—
	Hotel – Dallas, TX		30-day LIBOR		September 2019	Principal payable in full at maturity			—				10,000,000		10,000,000		—
	Hotel – Dallas, TX		plus 7.25%		September 2019	Principal payable in full at maturity			—				10,000,000		10,000,000		—
	Junior Mortgage Loan:
	Retail Shopping Center – Sarasota, FL		30-day LIBOR		Jun-18	Principal payable in full at maturity			—				8,960,467		8,960,467		—
	Retail Shopping Center – Sarasota, FL		plus 7.25%		Jun-18	Principal payable in full at maturity			—				8,960,467		8,960,467		—
	Construction Loan:
	Container Store – Glendale, AZ		6.00%		May-16	Principal payable in full at maturity			—				5,306,031		5,247,607		—
	First Mortgage Loan:
	Real Estate – Ormond Beach, FL		30-day LIBOR		Nov-16	Principal payable in full at maturity			—				1,000,000		1,000,000		—
	Real Estate – Ormond Beach, FL		plus 7.25%		Nov-16	Principal payable in full at maturity			—				1,000,000		1,000,000		—

	Totals								—				30,266,498		30,208,074		—



			2014			2013				2012
			$			$				$
	Balance at Beginning of Year			18,845,053			—				—
	Additions During the Year:
	New Mortgage Loans			30,266,498			17,506,500				—
	Loan Fees Paid			6,858			90,516				—
	Accretion of Discount(1)			649,658			1,403,842				—
	Accretion of Origination Fees(2)			30,326			—				—
	Deductions During the Year:
	Collection of Principal			(19,465,000	)		(95,000	)			—
	Collection of Origination Fees			(88,750	)		—				—
	Amortization of Fees			(36,569	)		(60,805	)			—

	Balance at End of Year			30,208,074			18,845,053				—


	-1	Non-cash accretion of discount
	-2	Non-cash accretion of loan origination fees

Summary_of_Significant_Account1

Summary of Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2014
Accounting Policies [Abstract]
Nature of Operations	NATURE OF OPERATIONS
	We are a diversified real estate operating company. We own and manage forty-three commercial real estate properties in ten states in the U.S. As of December 31, 2014, we owned thirty-six single-tenant and seven multi-tenant income-producing properties with over 1,100,000 square feet of gross leasable space. We also own and manage a land portfolio of over 10,500 acres. As of December 31, 2014, we had five commercial loan investments including a fixed-rate mezzanine commercial mortgage loan, a fixed-rate first mortgage, a variable-rate B-Note, a variable-rate mezzanine commercial mortgage loan, and a variable-rate first mortgage loan. Our golf operations consist of the LPGA International golf club, which is managed by a third party. We also lease property for twenty-one billboards, have agricultural operations that are managed by a third party, which consists of leasing land for hay and sod production, timber harvesting, and hunting leases, and own and manage subsurface interests. The results of our agricultural and subsurface leasing operations are included in Agriculture and Other Income and Real Estate Operations, respectively, in our consolidated statements of operations.
Principles of Consolidation	PRINCIPLES OF CONSOLIDATION
	The consolidated financial statements include the accounts of Consolidated-Tomoka Land Co. and its consolidated subsidiaries (we, our, us, or the “Company”). Any real estate entities or properties included in the consolidated financial statements have been consolidated only for the periods that such entities or properties were owned or under control by us. All significant inter-company balances and transactions have been eliminated in the consolidated financial statements.
Use of Estimates in the Preparation of Financial Statements	USE OF ESTIMATES IN THE PREPARATION OF FINANCIAL STATEMENTS
	The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.
Cash and Cash Equivalents	CASH AND CASH EQUIVALENTS
	Cash and cash equivalents includes cash on hand, bank demand accounts, and money market accounts having maturities at acquisition date of 90 days or less.
Restricted Cash	RESTRICTED CASH

	Restricted cash totaled approximately $4.4 million at December 31, 2014 of which approximately $3.1 million of cash is being held in escrow from the sale of the income property in Apopka, Florida to be reinvested through the like-kind exchange structure into another income property, approximately $185,000 is being held in a reserve primarily for property taxes and insurance escrows in connection with our financing of two properties acquired in January 2013, approximately $65,000 is being held in a reserve for future interest payment in connection to our Plantation Oaks commercial loan investment, approximately $284,000 is being held in escrow related to a land transaction which closed in December 2013, approximately $170,000 is being held in reserve for future interest and property tax payments in connection with our construction loan on a Container Store in Glendale, Arizona, and approximately $581,000 is being held in a reserve related to certain required tenant improvements for the Lowes in Katy, Texas.
Investment Securities	INVESTMENT SECURITIES
	The Company determines the appropriate classification of its investments in debt and equity securities at the time of purchase and reevaluates such determinations at each balance sheet date in accordance with ASC Topic 320, Investments – Debt and Equity Securities. Marketable equity securities not classified as held-to-maturity or as trading, are classified as available-for-sale, and are carried at fair market value, with the unrealized gains and losses, net of tax, included in the determination of comprehensive income and reported in shareholders’ equity. The fair value of securities is determined by quoted market prices.
Fair Value of Financial Instruments	FAIR VALUE OF FINANCIAL INSTRUMENTS
	The carrying amounts of the Company’s financial assets and liabilities including cash and cash equivalents, restricted cash, investment securities, accounts receivable, and accounts payable at December 31, 2014 and 2013, approximate fair value because of the short maturity of these instruments. The carrying amount of the Company’s investment in commercial loans approximates fair value at December 31, 2014 and 2013, since the floating and fixed rates of the loans reasonably approximates current rates for notes with similar risks and maturities. The carrying amount of the Company’s long-term debt approximates fair value at December 31, 2014 and 2013, since the floating rate of our credit facility and the fixed rates of our secured financings reasonably approximate current market rates for notes with similar risks and maturities.
Fair Value Measurements	FAIR VALUE MEASUREMENTS
	The Company’s estimates of fair value of financial and non-financial assets and liabilities based on the framework established in the fair value accounting guidance. The framework specifies a hierarchy of valuation inputs which was established to increase consistency, clarity and comparability in fair value measurements and related disclosures. The guidance describes a fair value hierarchy based upon three levels of inputs that may be used to measure fair value, two of which are considered observable and one that is considered unobservable. The following describes the three levels:

		•	Level 1 – Valuation is based upon quoted prices in active markets for identical assets or liabilities.

		•	Level 2 – Valuation is based upon inputs other than Level 1 that are observable, either directly or indirectly, such as quoted prices for similar assets or liabilities, quoted prices in markets that are not active or other inputs that are observable or can be corroborated by observable market data for substantially the full term of the assets or liabilities.

		•	Level 3 – Valuation is generated from model-based techniques that use at least one significant assumption not observable in the market. These unobservable assumptions reflect estimates of assumptions that market participants would use in pricing the asset or liability. Valuation techniques include option pricing models, discounted cash flow models and similar techniques.
Classification of Commercial Loan Investments	CLASSIFICATION OF COMMERCIAL LOAN INVESTMENTS

	Loans held for investment are stated at the principal amount outstanding and include the unamortized deferred loan fees offset by any applicable unaccreted purchase discounts and origination fees in accordance with U.S. generally accepted accounting principles (“GAAP”).
Commercial Loan Investment Impairment	COMMERCIAL LOAN INVESTMENT IMPAIRMENT
	The Company’s commercial loans are held for investment. For each loan, the Company evaluates the performance of the collateral property and the financial and operating capabilities of the borrower/guarantor, in part, to assess whether any deterioration in the credit has occurred and for possible impairment of the loan. Impairment would reflect the Company’s determination that it is probable that all amounts due according to the contractual terms of the loan would not be collected. Impairment is measured based on the present value of the expected future cash flows from the loan discounted at the effective rate of the loan or the fair value of the collateral. Upon measurement of impairment, the Company would record an allowance to reduce the carrying value of the loan with a corresponding recognition of loss in the results of operations. Significant exercise of judgment is required in determining impairment, including assumptions regarding the estimate of expected future cash flows, collectability of the loan, the value of the underlying collateral and other provisions including guarantees. The Company has determined that, as of December 31, 2014 and 2013, no allowance for impairment was required.
Interest Income Recognition	INTEREST INCOME RECOGNITION

	Interest income on commercial loan investments includes interest payments made by the borrower and the accretion of purchase discounts and loan origination fees, offset by the amortization of fees. Interest payments are accrued based on the actual coupon rate and the outstanding principal balance and purchase discounts and loan origination fees are accreted into income using the effective yield method, adjusted for prepayments.
Accounts Receivable	ACCOUNTS RECEIVABLE
	Accounts receivable primarily consist of receivables related to golf operations. The collectability of these receivables is determined based on a review of specifically identified accounts using judgments. Accounts receivable are classified in other assets on the consolidated balance sheets and totaled approximately $261,000 and $229,000 as of December 31, 2014 and 2013, respectively. As of December 31, 2014 and 2013, no allowance for doubtful accounts was required.
Purchase Accounting for Acquisitions of Real Estate Subject to a Lease	PURCHASE ACOUNTING FOR ACQUISITIONS OF REAL ESTATE SUBJECT TO A LEASE

	In accordance with the Financial Accounting Standards Board (“FASB”) guidance on business combinations, the fair value of the real estate acquired with in-place leases is allocated to the acquired tangible assets, consisting of land, building and tenant improvements, and identified intangible assets, consisting of the value of in-place leases, based in each case on their relative fair values. The Company has determined that income property purchases with a pre-existing lease at the time of acquisition qualify as a business combination, in which case acquisition costs are expensed in the period the transaction closes. For income property purchases in which a new lease is originated at the time of acquisition, the Company has determined that these asset purchases are outside the scope of the business combination standards and accordingly, the acquisition costs are capitalized with the purchase.

	Estimated fair values of the income properties acquired in 2014, at the date of acquisition, are based on preliminary valuations by management. The Company has engaged independent third-party consultants to prepare final purchase price allocations which are, as yet incomplete, therefore, reported amounts may change based on finalization which is expected to occur during the first quarter of 2015. These changes may impact depreciable and amortizable assets which therefore, may impact depreciation and amortization expense including a catch up of depreciation and amortization for the year ended December 31, 2014.
Land and Development Costs	LAND AND DEVELOPMENT COSTS
	The carrying value of land and development includes the initial acquisition costs of land, improvements thereto, and other costs incidental to the acquisition or development of land. These costs are allocated to properties on a relative sales value basis and are charged to costs of sales as specific properties are sold. Due to the nature of the business, land and development costs have been classified as an operating activity on the consolidated statements of cash flows.
Property, Plant, and Equipment	PROPERTY, PLANT, AND EQUIPMENT
	Property, plant, and equipment are stated at cost, less accumulated depreciation and amortization. Such properties are depreciated on a straight-line basis over their estimated useful lives. Renewals and betterments are capitalized to property accounts. The cost of maintenance and repairs is expensed as incurred. The cost of property retired or otherwise disposed of, and the related accumulated depreciation or amortization, are removed from the accounts, and any resulting gain or loss is recorded in the statement of operations. Subsurface interests are included in property, plant, and equipment with no net cost basis at December 31, 2014, as the amounts have been fully depreciated. The amount of depreciation and amortization of property, plant, and equipment, exclusive of amortization related to intangible assets, recognized for the years ended December 31, 2014, 2013, and 2012, was approximately $2.7 million, $2.3 million, and $1.8 million respectively. Interest of approximately $11,000 and $8,000 was capitalized to construction in process during 2014 and 2013, respectively with no interest capitalized in 2012.
	The range of estimated useful lives for property, plant, and equipment is as follows:


	Golf Buildings and Improvements		10-43 Years
	Golf Equipment		5-10 Years
	Income Properties Buildings and Improvements		40 Years
	Other Furnishings and Equipment		5-25 Years
	Agriculture Equipment		5-10 Years
	The acquisition cost of land, timber, real estate taxes, site preparation, and other costs relating to the planting and growing of timber are capitalized to land, timber, and subsurface interests. Such costs attributed to the timber are charged to cost of sales at the time timber is harvested. Timber and timberlands are stated at the lower cost or fair market value.
Long-Lived Assets	LONG-LIVED ASSETS
	The Company follows FASB ASC 360-10 “Property, Plant, and Equipment” in conducting its impairment analyses. The Company reviews the recoverability of long-lived assets, including land and development costs, real estate held for sale, and property, plant, and equipment, for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. Examples of situations considered to be triggering events include: a substantial decline in operating cash flows during the period, a current or projected loss from operations, an income property not fully leased or leased at rates that are less than current market rates, and any other quantitative or qualitative events deemed significant by our management. Long-lived assets are evaluated for impairment by using an undiscounted cash flow approach, which considers future estimated capital expenditures. Impairment of long-lived assets is measured at fair value less cost to sell.
Sale of Real Estate	SALE OF REAL ESTATE
	Gains and losses on sales of real estate are accounted for as required by the “Accounting for Sales of Real Estate” Topic of FASB Accounting Standards Codification (“FASB ASC”) FASB ASC 976-605-25. The Company recognizes revenue from the sale of real estate at the time the sale is consummated, unless the property is sold on a deferred payment plan and the initial payment does not meet established criteria, or the Company retains some form of continuing involvement in the property. For sales of real estate which we estimate would cause us to incur a loss on the transaction, we would record a provision for the loss at the time the sales contract is deemed highly probable of closing.
Income Properties	INCOME PROPERTIES
	The rental of the Company’s income properties are classified as operating leases. The Company recognizes lease income on these properties on a straight-line basis over the term of the lease.
Operating Lease Expense	OPERATING LEASE EXPENSE
	The Company leases property and equipment, which are classified as operating leases. The Company recognizes lease expense on a straight-line basis over the term of the lease.
Golf Operations	GOLF OPERATIONS
	The Company operates two 18-hole golf courses and a clubhouse facility, including food and beverage operations. Revenues from this operation, including greens fees, cart rentals, merchandise, and food and beverage sales, are recognized at the time of sale. Initiation fees and membership dues are recognized over the life of the membership, which is generally twelve months.
Other Real Estate Interests	OTHER REAL ESTATE INTERESTS
	From time to time the Company will release surface or subsurface entry rights upon request of the surface owner. The Company recognizes revenue from the release at the time the transaction is consummated, unless the property is released under a deferred payment plan and the initial payment does not meet the criteria established under the “Accounting for Sales of Real Estate Topic” FASB ASC 976-605-25, the Company retains some form of continuing involvement in the property, or the transaction does not meet other requirements.
Stock-Based Compensation	STOCK-BASED COMPENSATION
	Prior to 2010, the Company maintained a stock option plan (the “2001 Plan”) pursuant to which 500,000 shares of the Company’s common stock may be issued. The 2001 Plan in place was approved at the April 25, 2001 shareholders’ meeting and expired in April 2011, with no new option shares issued after that date. Under the 2001 Plan, the option exercise price equals the average of the high and low stock market price on the date of grant. The options generally vest over five years and expire after ten years. In connection with the grant of non-qualified options, a stock appreciation right for each share covered by the option may also be granted. The stock appreciation right will entitle the optionee to receive a supplemental payment, which may be paid in whole or in part in cash or in shares of common stock equal to a portion of the spread between the exercise price and the fair market value of the underlying share at the time of exercise. The expenses associated with stock options and stock appreciation rights are recognized over their requisite service period.
	Both the Company’s stock options and stock appreciation rights awarded under the 2001 Plan are liability classified awards and are required to be remeasured to fair value at each balance sheet date until the award is settled, as required by provisions of the “Share-Based Payments Topic of FASB ASC.” (See Note 17 “Stock-Based Compensation”).
	At the Annual Meeting of Shareholders of the Company held on April 28, 2010, the Company’s shareholders approved the Consolidated-Tomoka Land Co. 2010 Equity Incentive Plan (the “2010 Plan”). The 2010 Plan replaced the Company’s 2001 Plan. At the Annual Meeting of Shareholders of the Company held on April 24, 2013, the Company’s shareholders approved an amendment to the 2010 Plan which among other things incorporated claw back provisions and clarified language regarding the shares available subsequent to forfeiture of any awards of restricted shares. At the Annual Meeting of Shareholders of the Company held on April 23, 2014, the Company’s shareholders approved an amendment to the 2010 Plan increasing the numbers of shares authorized for issuance by 240,000 shares bringing the total number of shares authorized for issuance to 450,000. Awards under the 2010 Plan may be in the form of stock options, stock appreciation rights, restricted shares, restricted share units, performance shares, and performance units. Employees of the Company and its subsidiaries and non-employee directors may be selected by the Compensation Committee to receive awards under the 2010 Plan. The maximum number of shares of which stock awards may be granted under the 2010 Plan is 450,000 shares. No participant may receive awards during any one calendar year representing more than 50,000 shares of common stock. In no event will the number of shares of common stock issued under the plan upon the exercise of incentive stock options exceed 450,000 shares. These limits are subject to adjustments by the Compensation Committee as provided in the 2010 Plan for stock splits, stock dividends, recapitalizations, and other similar transactions or events. The 2010 Plan will terminate on the tenth anniversary of the date that it was adopted by the Board, and no awards will be granted under the plan after that date.
	All non-qualified stock option awards and the restricted share awards granted under the 2010 plan were determined to be equity-based awards under the Share-Based Payment Topic of FASB ASC.
	The Company used the Black-Scholes valuation pricing model to determine the fair value of its non-qualified stock option awards. The determination of the fair value of the awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the term of the awards, annual dividends, and a risk-free interest rate assumption.
	The Company used a Monte Carlo simulation pricing model to determine the fair value and vesting period of the restricted share awards. The determination of the fair value of market condition-based awards is affected by the stock price as well as assumptions regarding a number of other variables. These variables include expected stock price volatility over the requisite performance term of awards, the performance of the Company’s stock price, annual dividends, and a risk-free interest rate assumption. Compensation cost is recognized regardless of the achievement of the market conditions, provided the requisite service period is met.
Income Taxes	INCOME TAXES
	The Company uses the asset and liability method to account for income taxes. Deferred income taxes result primarily from the net tax effect of temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for income tax purposes (See Note 18 “Income Taxes”). In June 2006, the FASB issued additional guidance, which clarifies the accounting for uncertainty in income taxes recognized in a company’s financial statements included in income taxes. The interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return. The interpretation also provides guidance on de-recognition, classification, interest and penalties, accounting in interim periods, disclosure and transition. In accordance with FASB guidance included in income taxes, the Company has analyzed its various federal and state filing positions and believes that its income tax filing positions and deductions are well documented and supported. Additionally, the Company believes that its accruals for tax liabilities are adequate. Therefore, no reserves for uncertain income tax positions have been recorded pursuant to the FASB guidance.
Earnings Per Common Share	EARNINGS PER COMMON SHARE
	Basic earnings per common share is computed by dividing net income by the weighted average number of shares outstanding. Diluted earnings per common share are based on the assumption of the conversion of stock options using the treasury stock method at average cost for the year (see Note 10 “Common Stock and Earnings Per Share”).
Concentration of Credit Risk	CONCENTRATION OF CREDIT RISK

	Financial instruments which potentially subject the Company to concentrations of credit risk consist principally of cash and cash equivalents.

	Nearly 51% of the Company’s income property portfolio and all of the land holdings, golf operations, agriculture operations, and subsurface interests are in the State of Florida. Uncertainty of the duration of a prolonged real estate and economic downturn could have an adverse impact on the Company’s real estate values.

	On a revenue basis, the largest of the Company’s income property tenants consist of Holiday CVS, L.L.C. and Walgreen Co., which the Company considers good credit-quality tenants. Holiday CVS, L.L.C. revenues accounted for 7%, 9%, and 16% of our consolidated revenue and Walgreen Co. accounted for 5%, 6%, and 13% of our consolidated revenue, for the years ended December 31, 2014, 2013, and 2012, respectively. During the years ended December 31, 2014 and 2013 revenue concentrations on the two tenants described above have dropped significantly due to the Company’s continuing diversification of its income property tenant mix and the addition of new revenue sources including the interest income from commercial loan investments.
Recently Issued Accounting Standards	RECENTLY ISSUED ACCOUNTING STANDARDS
	In April 2014, the FASB issued ASU 2014-08, which amends its guidance on the reporting of discontinued operations and disclosures of disposals of components of an entity. The amendments in this update are effective for annual reporting periods beginning after December 15, 2014. Under ASU 2014-08, the Company has determined that the disposal of an income property from its income property portfolio no longer qualifies as a discontinued operation. Due to the significant impact on the Company’s financial reporting, the Company has elected to early adopt ASU 2014-08, as permitted, and accordingly, income properties disposed of will no longer be classified as discontinued operations on a prospective basis.
	In May 2014, the FASB issued ASU 2014-09, which amends its guidance on the recognition and reporting of revenue from contracts with customers. The amendments in this update are effective for annual reporting periods beginning after December 15, 2016. The Company is currently evaluating the provisions to determine the potential impact, if any, the adoption will have on its consolidated financial statements.

Summary_of_Significant_Account2

Summary of Significant Accounting Policies (Tables)	12 Months Ended
Summary of Significant Accounting Policies (Tables)	Dec. 31, 2014
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives for Property, Plant, and Equipment	The range of estimated useful lives for property, plant, and equipment is as follows:


	Golf Buildings and Improvements	10-43 Years
	Golf Equipment	5-10 Years
	Income Properties Buildings and Improvements	40 Years
	Other Furnishings and Equipment	5-25 Years
	Agriculture Equipment	5-10 Years

Discontinued_Operations_Tables

Discontinued Operations (Tables)	12 Months Ended
Discontinued Operations (Tables)	Dec. 31, 2014
Discontinued Operations and Disposal Groups [Abstract]
Summary of Income from Discontinued Operations	The following is a summary of income from discontinued operations:


		Year ended December 31,
		2014			2013			2012
	Leasing Revenue and Other Income	$	—		$	699,486		$	1,535,854
	Costs and Other Expenses		(—	)		(89,270	)		(211,524	)

	Income from Operations		—			610,216			1,324,330
	Impairment Charges		—			—			(426,794	)
	Gain on Sale of Property		—			1,215,928			78,455

	Income before Income Tax		—			1,826,144			975,991
	Income Tax		(—	)		(704,435	)		(376,488	)

	Income from Discontinued Operations	$	—		$	1,121,709		$	599,503

Commercial_Loan_Investments_Ta

Commercial Loan Investments (Tables)	12 Months Ended
Commercial Loan Investments (Tables)	Dec. 31, 2014
Receivables [Abstract]
Summary of Commercial Loan Investment Portfolio	The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2014:



	Description	Date of		Maturity	Original		Current Face		Carrying		Coupon Rate
		Investment		Date	Face		Amount		Value
					Amount
	Mezz – Hotel – Atlanta, GA	Jan-14		Feb-19	$	5,000,000	$	5,000,000	$	5,000,000	12.00%
	Construction – Container Store – Glendale, AZ	May-14		Nov-15	$	6,300,000	$	5,306,031	$	5,247,607	6.00%
	B-Note – Retail Shopping Center – Sarasota, FL	May-14		Jun-15	$	8,960,467	$	8,960,467	$	8,960,467	30-day LIBOR
	B-Note – Retail Shopping Center – Sarasota, FL	May-14		Jun-15	$	8,960,467	$	8,960,467	$	8,960,467	plus 7.25 %
	Mezz – Hotel – Dallas, TX	Sep-14		Sep-16	$	10,000,000	$	10,000,000	$	10,000,000	30-day LIBOR
	Mezz – Hotel – Dallas, TX	Sep-14		Sep-16	$	10,000,000	$	10,000,000	$	10,000,000	plus 7.25 %
	Development - Real Estate – Ormond Beach, FL	Nov-14		Nov-15	$	1,000,000	$	1,000,000	$	1,000,000	30-day LIBOR
	Development - Real Estate – Ormond Beach, FL	Nov-14		Nov-15	$	1,000,000	$	1,000,000	$	1,000,000	plus 7.25 %

	Total				$	31,260,467	$	30,266,498	$	30,208,074

	The Company’s commercial loan investment portfolio was comprised of the following at December 31, 2013:


	Description	Date of		Maturity	Original Face		Current Face		Carrying		Coupon
	Description	Investment		Date	Amount		Amount		Value		Coupon
	Hotel – Atlanta, GA	August 2013		March 2014	$	19,560,000	$	19,465,000	$	18,845,053	30-day LIBOR
	Hotel – Atlanta, GA	August 2013		March 2014	$	19,560,000	$	19,465,000	$	18,845,053	plus 4.50%

	Total				$	19,560,000	$	19,465,000	$	18,845,053


Carrying Value of Commercial Loan Investment	The carrying value of the commercial loan investment as of December 31, 2014 consisted of the following:



		Total
	Current Face Amount	$	30,266,498
	Unaccreted Origination Fees		(58,424	)

	Total Commercial Loan Investments	$	30,208,074


	The carrying value of the commercial loan investment as of December 31, 2013 consisted of the following:



		Total
	Current Face Amount	$	19,465,000
	Unamortized Fees		29,711
	Unaccreted Purchase Discount		(649,658	)

	Total Commercial Loan Investments	$	18,845,053

Land_and_Subsurface_Interests_

Land and Subsurface Interests (Tables)	12 Months Ended
Land and Subsurface Interests (Tables)	Dec. 31, 2014
Real Estate [Abstract]
Summary of Land and Development Costs	Land and development costs at December 31, 2014 and 2013, are summarized as follows:


		December 31,
		2014		2013
	Undeveloped Land	$	301,780	$	301,780
	Developed Land and Development Costs		22,903,969		23,467,134

	Total Land and Development Costs	$	23,205,749	$	23,768,914

Investment_Securities_Tables

Investment Securities (Tables)	12 Months Ended
Investment Securities (Tables)	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Summary of Available for Sale Securities	Available-for-Sale securities consisted of the following as of December 31, 2014 and 2013:



		Year Ended December 31, 2014
		Cost			Gains in		Losses in		Estimated
					Accumulated		Accumulated		Fair Value
					Other		Other		(Level 1
					Comprehensive		Comprehensive		Inputs)
					Income		Income
	Preferred Stock	$	704,173		$	117,263	$	—	$	821,436

	Total Equity Securities	$	704,173		$	117,263	$	—	$	821,436

	Total Available-for-Sale Securities	$	704,173		$	117,263	$	—	$	821,436




		Year Ended December 31, 2013
		Cost			Gains in		Losses in		Estimated
					Accumulated		Accumulated		Fair Value
					Other		Other		(Level 1
					Comprehensive		Comprehensive		Inputs)
					Income		Income
	Preferred Stock	$	729,814		$	—	$	—	$	729,814

	Total Equity Securities	$	729,814		$	—	$	—	$	729,814

	Total Available-for-Sale Securities	$	729,814		$	—	$	—	$	729,814

Summary of Sale of Investment Securities and Losses	Following is a table reflecting the sale of investment securities and losses recognized during the three years ended December 31, 2014, 2013, and 2012:


		Year Ended December 31,
		2014			2013		2012
	Proceeds from the Disposition of Equity Securities	$	30,476		$	—	$	—
	Cost Basis of Investment Securities Sold		(25,641	)		—		—

	Gain recognized in Statement of Operations on the Disposition of Equity Securities	$	4,835		$	—	$	—

Fair_Value_of_Financial_Instru1

Fair Value of Financial Instruments (Tables)	12 Months Ended
Fair Value of Financial Instruments (Tables)	Dec. 31, 2014
Fair Value Disclosures [Abstract]
Summary of Carrying Value and Estimated Fair Value of Financial Instruments	The following table presents the carrying value and estimated fair value of the Company’s financial instruments not carried at fair value on the consolidated balance sheets at December 31, 2014 and 2013:


		December 31, 2014				December 31, 2013
		Carrying		Estimated		Carrying		Estimated
		Value		Fair Value		Value		Fair Value
	Cash and Cash Equivalents	$	1,881,195	$	1,881,195	$	4,932,512	$	4,932,512
	Restricted Cash		4,440,098		4,440,098		366,645		366,645
	Investment Securities		821,436		821,436		729,814		729,814
	Commercial Loan Investments		30,208,074		30,266,498		18,845,053		19,297,110
	Long-Term Debt		103,940,011		103,940,011		63,227,032		63,227,032

Intangible_Assets_Tables

Intangible Assets (Tables)	12 Months Ended
Intangible Assets (Tables)	Dec. 31, 2014
Goodwill and Intangible Assets Disclosure [Abstract]
Summary of Estimated Amortization Expense	The estimated future amortization expense related to intangible assets is as follows:


	Year Ending December 31,	Amount
	2015	$	899,693
	2016		861,605
	2017		770,851
	2018		763,163
	2019		748,328
	Thereafter		3,295,777

	Total	$	7,339,417

Common_Stock_and_Earnings_Per_1

Common Stock and Earnings Per Share (Tables)	12 Months Ended
Common Stock and Earnings Per Share (Tables)	Dec. 31, 2014
Earnings Per Share [Abstract]
Summary of Common Stock and Earnings Per Share	Basic earnings per common share were computed by dividing net income by the weighted average number of shares of common stock outstanding during the year. Diluted earnings per common share were determined based on the assumption of the conversion of stock options and restricted stock using the treasury stock method at average market prices for the periods.


		Year Ended December 31,
		2014		2013		2012
	Income Available to Common Shareholders:
	Income (Loss) from Continuing Operations	$	6,383,818	$	2,561,538	$	(301	)
	Discontinued Operations		—		1,121,709		599,503

	Net Income	$	6,383,818	$	3,683,247	$	599,202

	Weighted Average Shares Outstanding		5,765,997		5,739,383		5,717,937
	Common Shares Applicable to Stock
	Options Using the Treasury Stock Method		22,853		3,754		—

	Total Shares Applicable to Diluted Earnings Per Share		5,788,850		5,743,137		5,717,937

	Per Share Information:
	Basic Net Income Per Share
	Income from Continuing Operations	$	1.11	$	0.44	$	—
	Discontinued Operations		—		0.2		0.1

	Net Income	$	1.11	$	0.64	$	0.1

	Diluted Net Income Per Share:
	Income from Continuing Operations	$	1.1	$	0.44	$	—
	Discontinued Operations		—		0.2		0.1

	Net Income	$	1.1	$	0.64	$	0.1

LongTerm_Debt_Tables

Long-Term Debt (Tables)	12 Months Ended
Long-Term Debt (Tables)	Dec. 31, 2014
Debt Disclosure [Abstract]
Schedule of Long-Term Debt	Long-term debt consisted of the following:


		December 31, 2014
		Total		Due Within
		Total		One Year
	Credit Facility	$	43,540,011	$	—
	Mortgage Note Payable (originated with UBS)		7,300,000		—
	Mortgage Note Payable (originated with BOA)		23,100,000		—
	Mortgage Note Payable (originated with Wells Fargo)		30,000,000		—

	Total Long-Term Debt	$	103,940,011	$	—

Summary of Payments Applicable to Reduction of Principal Amounts	Payments applicable to reduction of principal amounts will be required as follows:


	Year Ending December 31,	Amount
	2015	$	—
	2016		—
	2017		—
	2018		50,840,011
	2019		—
	Thereafter		53,100,000

	Total Long-Term Debt	$	103,940,011

Accrued_Liabilities_Tables

Accrued Liabilities (Tables)	12 Months Ended
Accrued Liabilities (Tables)	Dec. 31, 2014
Payables and Accruals [Abstract]
Summary of Accrued Liabilities	Accrued liabilities consist of the following:


		As of
		December 31,		December 31,
		2014		2013
	Golf Course Lease	$	2,973,898	$	3,340,389
	Deferred Compensation		—		382,599
	Other Post-Retirement Benefits		142,797		156,881
	Reserve for Tenant Improvements		551,250		58,977
	Accrued Interest		197,929		95,771
	Environmental Reserve		108,733		—
	Other		1,426,902		692,192

	Total Accrued Liabilities	$	5,401,509	$	4,726,809

Deferred_Revenue_Tables

Deferred Revenue (Tables)	12 Months Ended
Deferred Revenue (Tables)	Dec. 31, 2014
Deferred Revenue Disclosure [Abstract]
Summary of Deferred Revenue	Deferred revenue consisted of the following:


		As of
		December 31,		December 31,
		2014		2013
	Deferred Oil Exploration Lease Revenue	$	1,354,873	$	2,390,808
	Deferred Land Sale Revenue		87,581		—
	Prepaid Rent		674,165		698,653
	Escrow Reserve, Container Store Loan		144,124		—
	Escrow Reserve, Plantation Oaks Loan		65,216		—
	Other Deferred Revenue		392,584		254,890

	Total Deferred Revenue	$	2,718,543	$	3,344,351

Pension_Plan_Tables

Pension Plan (Tables)	12 Months Ended
Pension Plan (Tables)	Dec. 31, 2014
Compensation and Retirement Disclosure [Abstract]
Summary of Components of Net Periodic Pension Cost (Benefit)	Following are the components of the Net Period Pension Cost (Benefit):


		December 31,
		2014			2013			2012
	Service Cost	$	87,219		$	87,496		$	94,374
	Interest Cost		425,735			385,884			406,689
	Actual Return on Plan Assets		342,637			(1,310,053	)		(932,366	)
	Amortization of Unrecognized Transition Loss (Gain) from Earlier Periods		—			91,111			69,699
	Amortization of Unrecognized Prior Service Cost		—			—			—
	Amortization of Net Gain (Loss) from Earlier Periods		—			736,025			390,400

	Net Periodic Pension Cost (Benefit)	$	855,591		$	(9,537	)	$	28,796

Schedule of Changes in Projected Benefit Obligations	The change in projected benefit obligation is as follows:


		December 31,
		2014			2013
	Benefit Obligation at Beginning of Year	$	8,852,262		$	9,827,454
	Service Cost		87,219			87,496
	Interest Cost		425,735			385,884
	Actuarial Loss (Gain)		(27,160	)		(804,080	)
	Plan Expenses Paid		(108,997	)		(71,585	)
	Benefits Paid		(541,896	)		(572,907	)
	Effect of Termination Settlement		(8,687,163	)		—

	Benefit Obligation at End of Year	$	—		$	8,852,262

Schedule of Changes in Fair Value of Plan Assets	The change in plan assets is as follows:


		December 31,
		2014			2013
	Fair Value of Plan Assets at Beginning of Year	$	9,259,932		$	8,509,771
	Actual Return on Plan Assets		342,637			1,310,053
	Employer Contribution		43,254			84,600
	Plan Expenses Paid		(108,997	)		(71,585	)
	Benefits Paid		(541,896	)		(572,907	)
	Termination Settlement		(8,994,930	)		—

	Fair Value of Plan Assets at End of Year	$	—		$	9,259,932

Schedule of Funded Status of the Pension Obligation	The funded status of the pension obligation consisted of the following:


		December 31,
		2014			2013
	Estimated Pension Benefit Obligation
	Projected Benefit Obligation	$	—		$	(8,852,262	)
	Fair Value of Plan Assets		—			9,259,932

	Accrued Net Pension Asset	$	—		$	407,670

Schedule of Projected Benefit Obligation and Fair Value of Plan Assets	The actuarial assumptions made to determine the projected benefit obligation and the fair value of plan assets are as follows:


		December 31,
		2014			2013
	Weighted Average Discount Rate		N/A			5	%
	Weighted Average Asset Rate of Return		N/A			7	%
	Compensation Scale		N/A			N/A
Schedule of Disbursements from Plan Assets	During the measurement period, disbursements from Pension Plan assets were as follows:


		December 31,
		2014			2013
	Benefit Payments	$	541,896		$	572,907
	Administrative Expenses		108,997			71,585
	Termination Settlement		8,994,930			—

	Total	$	9,645,823		$	644,492

Schedule of Plan's Weighted Average Asset Allocations	The Pension Plan’s weighted average asset allocations at December 31, 2013 by asset category are as follows:


		December 31,
		2014			2013
	Cash and Cash Equivalents		0	%		3	%
	Equity Securities		0	%		66	%
	Fixed Income Securities		0	%		30	%
	Alternative Investments		0	%		1	%

	Total		0	%		100	%

Schedule of Fair Values of Plan Assets and Fair Value Measurements	The following is a table of the Fair Values of Pension Plan Assets and Fair Value Measurements at December 31, 2013 (measured with quoted prices in active markets – Level 1 inputs):


		December 31,
		2014			2013
	Cash and Cash Equivalents	$	—		$	263,452
	Equity Securities		—			6,134,969
	Fixed Income Securities		—			2,730,912
	Alternative Investments		—			130,599

	Total	$	—		$	9,259,932

StockBased_Compensation_Tables

Stock-Based Compensation (Tables)	12 Months Ended
Stock-Based Compensation (Tables)	Dec. 31, 2014
Summary of Stock Based Compensation Activity	A summary of activity during the years ended December 31, 2014, 2013, and 2012 is presented below:


	Market Condition Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
					Per Share
	Outstanding at December 31, 2011		9,317		$	23.13
	Granted		—			—
	Vested		—			—
	Forfeited/Expired		(1,417	)		23.13

	Outstanding at December 31, 2012		7,900			23.13
	Granted		—			—
	Vested		—			—
	Forfeited/Expired		(2,833	)		23.13

	Outstanding at December 31, 2013		5,067			23.13
	Granted		—			—
	Vested		—			—
	Forfeited/Expired		—			—

	Outstanding at December 31, 2014		5,067		$	23.13

Summary of Market Condition Inducement Grant of Restricted Shares	A summary of the activity for these awards during the years ended December 31, 2014, 2013, and 2012 is presented below:


	Market Condition Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
					Per Share
	Outstanding at December 31, 2011		96,000		$	18.47
	Granted		17,000			18.02
	Vested		—			—
	Forfeited/Expired		—			—

	Outstanding at December 31, 2012		113,000			18.4
	Granted		—			—
	Vested		(18,500	)		23.89
	Forfeited/Expired		—			—

	Outstanding at December 31, 2013		94,500			17.33
	Granted		2,500			38.97
	Vested		(56,500	)		19.56
	Forfeited/Expired		—			—

	Outstanding at December 31, 2014		40,500		$	15.55

Summary of Stock Based Compensation Activity for Non-Qualified Stock Option Award	A summary of the activity for these awards during the years ended December 31, 2014, 2013, and 2012, is presented below:


	Non-Qualified Stock Option Awards	Shares			Wtd. Avg.			Wtd. Avg.			Aggregate
					Fair Value			Remaining			Intrinsic
					Per Share			Contractual			Value
								Term
								(Years)
	Outstanding at December 31, 2011		50,000		$	28.9
	Granted		10,000			29.34
	Exercised		—			—
	Forfeited/Expired		—			—

	Outstanding at December 31, 2012		60,000			28.97
	Granted		51,000			34.95
	Exercised		(16,500	)		28.9
	Forfeited/Expired		—			—

	Outstanding at December 31, 2013		94,500			32.21
	Granted		10,000			50
	Exercised		(19,735	)		31.88
	Forfeited/Expired		—			—

	Outstanding at December 31, 2014		84,765		$	34.39			5.33		$	1,815,125

	Exercisable at December 31, 2013		19,800		$	28.97			7.7		$	144,870

	Exercisable at December 31, 2014		37,195		$	30.13			6.04		$	954,717

Summary of Share Option Activity of Stock Option and Stock Appreciation Rights Under 2001 Plan	A summary of share option activity under the 2001 Plan during the years ended December 31, 2014, 2013, and 2012 is presented below:
	Stock Options


	Liability-Classified Stock Options	Shares			Wtd. Avg.			Wtd. Avg.			Aggregate
					Fair Value			Remaining			Intrinsic
					Per Share			Contractual			Value
								Term
								(Years)
	Outstanding at December 31, 2011		205,800		$	53.12
	Granted		—			—
	Exercised		(5,600	)		20.12
	Forfeited/Expired		(119,400	)		55.13

	Outstanding at December 31, 2012		80,800			52.43
	Granted		—			—
	Exercised		(11,600	)		30.39
	Forfeited/Expired		(15,400	)		63.58

	Outstanding at December 31, 2013		53,800			53.99
	Granted		—			—
	Exercised		(18,500	)		37.8
	Forfeited/Expired		—			—

	Outstanding at December 31, 2014		35,300		$	62.47			2.46		$	102,022

	Exercisable at December 31, 2013		53,800		$	53.99			3.8		$	46,950

	Exercisable at December 31, 2014		35,300		$	62.47			2.46		$	102,022

Assumptions Used in Determining Fair Value of Stock Options and Stock Appreciation Rights	Following are assumptions used in determining the fair value of stock options and stock appreciation rights:


	Assumptions at December 31,	2014			2013			2012
	Expected Volatility		34.07	%		23.07	%		24.34	%
	Expected Dividends		0.07	%		0.11	%		0.13	%
	Expected Term		2 years			3 years			3 years
	Risk-Free Rate		0.78	%		1.21	%		0.39	%
Recognized Financial Statements for Stock Options, Stock Appreciation Rights, and Restricted Stock	Amounts recognized in the financial statements for stock options, stock appreciation rights, and restricted stock are as follows:


		Year Ended December 31,
		2014			2013			2012
	Total Cost of Share-Based Plans Charged Against
	Income Before Tax Effect	$	1,271,924		$	901,447		$	1,047,335

	Income Tax Expense)
	Recognized in Income	$	(490,645	)	$	(347,733	)	$	(404,010	)


Non-Qualified Stock Option Award [Member]
Summary of Non-Vested Options for Liability-Classified Stock Options and Stock Appreciation Rights	A summary of the non-vested options for these awards during the years ended December 31, 2014, 2013, and 2012, is presented below:


	Non-Qualified Stock Option Awards	Shares			Fair Value
					of Shares
					Vested
	Non-Vested at December 31, 2011		50,000
	Granted		10,000
	Vested		(16,666	)	$	481,647

	Non-Vested at December 31, 2012		43,334
	Granted		51,000
	Vested		(19,634	)	$	568,875

	Non-Vested at December 31, 2013		74,700
	Granted		10,000
	Vested		(37,130	)	$	1,176,331

	Non-Vested at December 31, 2014		47,570

Stock Option and Stock Appreciation Rights [Member]
Summary of Non-Vested Options for Liability-Classified Stock Options and Stock Appreciation Rights	A summary of the non-vested options for these awards during the years ended December 31, 2014, 2013, and 2012, is presented below:


	Liability-Classified Stock Options and Stock Appreciation Rights	Shares			Fair Value
					of Shares
					Vested
	Non-Vested at December 31, 2011		42,160
	Vested		(10,120	)	$	23,962
	Forfeited/Expired		(29,400	)

	Non-Vested at December 31, 2012		2,640
	Vested		(2,640	)	$	20,038
	Forfeited/Expired		—

	Non-Vested at December 31, 2013		—
	Vested		—		$	—
	Forfeited/Expired		—

	Non-Vested at December 31, 2014		—

Three Year Vest Non Vested Restricted Stock [Member]
Summary of Stock Based Compensation Activity	A summary of activity for these awards during the year ended December 31, 2014, is presented below:


	Three Year Vest Non-Vested Restricted Shares	Shares			Wtd. Avg.
					Fair Value
					Per Share
	Outstanding at December 31, 2013		—		$	—
	Granted		14,500			36.08
	Vested		—			—
	Forfeited/Expired		(300	)		36.08

	Outstanding at December 31, 2014		14,200		$	36.08

Income_Taxes_Tables

Income Taxes (Tables)	12 Months Ended
Income Taxes (Tables)	Dec. 31, 2014
Income Tax Disclosure [Abstract]
Summary of Provisions for Income Tax Benefit (Expense)	The provisions for income tax benefit (expense) are summarized as follows:


		2014						2013					2012
		Current			Deferred			Current			Deferred		Current		Deferred
	Federal	$	(2,233,512	)	$	(1,223,260	)	$	(1,817,112	)	$	264,121	$	58,443	$	(269,712	)
	State		(302,896	)		(71,195	)		(354,061	)		15,372		335,361		(95,370	)

	Total	$	(2,536,408	)	$	(1,294,455	)	$	(2,171,173	)	$	279,493	$	393,804	$	(365,082	)

Summary of Deferred Income Tax Assets (Liabilities)	The sources of these differences and the related deferred income tax assets (liabilities) are summarized as follows:


		Deferred Tax
		2014			2013
	Deferred Income Tax Assets
	Depreciation	$	2,541,509		$	1,899,202
	Deferred Compensation		—			147,588
	Deferred Oil Lease Income		545,179			922,254
	Deferred Lease Expense		1,147,181			1,288,555
	Pension and Other Post Retirement Benefits		55,083			(48,342	)
	Stock Options		621,489			837,156
	Impairment Reserves		1,688,979			1,688,979
	Other - Net		80,501			40,259

	Gross Deferred Income Tax Assets		6,679,921			6,775,651
	Less - Valuation Allowance		(415,453	)		(415,453	)

	Net Deferred Income Tax Assets		6,264,468			6,360,198

	Deferred Income Tax Liabilities
	Sales of Real Estate	$	(39,635,433	)	$	(37,810,005	)
	Commercial Mortgage Purchase Discount		—			(504,886	)
	Basis Difference in Joint Venture		(342,015	)		(342,015	)
	Other - Net		(325,462	)		(255,360	)

	Total Deferred Income Tax Liabilities		(40,302,910	)		(38,912,266	)

	Net Deferred Income Tax Liabilities	$	(34,038,442	)	$	(32,552,068	)

Reconciliation of Income Tax Computed at Federal Statutory Rate	Following is a reconciliation of the income tax computed at the federal statutory rate of 35% for 2014, 2013, and 2012:


		Year ended December 31,
		2014			2013			2012
	Income Tax (Expense) Benefit Computed at Federal Statutory Rate	$	(3,575,138	)	$	(1,558,626	)	$	10,158
	Increase (Decrease) Resulting from:
	State Income Tax, Net of Federal Income Tax Benefit		(349,334	)		(149,791	)		8,360
	Other Reconciling Items		93,609			(183,263	)		10,204

	Benefit (Expense) for Income Taxes	$	(3,830,863	)	$	(1,891,680	)	$	28,722

Commitments_and_Contingencies_

Commitments and Contingencies (Tables)	12 Months Ended
Commitments and Contingencies (Tables)	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
Summary of Minimum Future Rental Payments under Non-Cancelable Operating Leases	Minimum future rental payments under non-cancelable operating leases having remaining terms in excess of one year as of December 31, 2014, are summarized as follows:


	Year Ending December 31,	Amounts
	2015	$	736,606
	2016		553,347
	2017		328,551
	2018		295,529
	2019		297,182
	2020 and thereafter (cumulative)		817,552

	Total	$	3,028,767

Summary of Minimum Future Rentals Receipts under Non-Cancelable Operating Leases	Minimum future rental receipts under non-cancelable operating leases having remaining terms in excess of one year as of December 31, 2014, are summarized as follows:


	Year Ending December 31,	Amounts
	2015	$	15,166,617
	2016		14,913,721
	2017		13,080,929
	2018		12,952,643
	2019		12,368,304
	2020 and thereafter (cumulative)		68,697,963

	Total	$	137,180,177

Business_Segment_Data_Tables

Business Segment Data (Tables)	12 Months Ended
Business Segment Data (Tables)	Dec. 31, 2014
Segment Reporting [Abstract]
Summary of Operations in Different Segments
	Information about the Company’s operations in different segments for the years ended December 31, 2014, 2013, and 2012 is as follows:


		Year Ended December 31,
		2014			2013			2012
	Revenues:
	Income Properties	$	14,969,647		$	12,828,214		$	8,463,082
	Commercial Loan Investments		2,190,924			1,712,913			—
	Real Estate Operations		12,955,820			5,945,510			3,098,840
	Golf Operations		5,125,501			5,074,898			4,506,069
	Agriculture and Other Income		277,831			276,309			164,979

	Total Revenues	$	35,519,723		$	25,837,844		$	16,232,970

	Operating Income (Loss):
	Income Properties	$	13,015,113		$	11,494,240		$	7,786,986
	Commercial Loan Investments		2,190,924			1,712,913			—
	Real Estate Operations		8,630,445			2,291,609			2,393,778
	Golf Operations		(405,242	)		(412,177	)		(887,564	)
	Agriculture and Other		88,527			127,949			(33,855	)
	General and Corporate Expenses		(10,927,261	)		(8,935,157	)		(8,395,444	)

	Total Operating Income (Loss)	$	12,592,506		$	6,279,377		$	863,901

	Identifiable Assets:
	Income Properties	$	189,417,882		$	151,682,578		$	130,726,326
	Commercial Loan Investments		30,274,302			18,887,979			—
	Real Estate Operations		28,968,000			29,929,179			34,161,944
	Golf Operations		3,639,903			3,269,212			3,230,225
	Agriculture and Other		23,622,668			22,414,732			16,578,405

	Total Assets	$	275,922,755		$	226,183,680		$	184,696,900

	Depreciation and Amortization:
	Income Properties	$	3,210,028		$	2,650,310		$	1,742,589
	Commercial Loan Investments		—			—			—
	Real Estate Operations		—			—			—
	Golf Operations		241,134			205,097			173,110
	Agriculture and Other		39,323			29,910			94,806

	Total Depreciation and Amortization	$	3,490,485		$	2,885,317		$	2,010,505

	Capital Expenditures:
	Income Properties	$	43,766,003		$	40,418,981		$	25,945,926
	Commercial Loan Investments		30,208,075			17,658,204			—
	Real Estate Operations		—			—			—
	Golf Operations		219,199			223,690			343,969
	Agriculture and Other		140,970			146,165			105,729

	Total Capital Expenditures	$	74,334,247		$	58,447,040		$	26,395,624

Summary_of_Significant_Account3

Summary of Significant Accounting Policies - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2013	Apr. 25, 2011	Apr. 22, 2014
	Facility	Tenants		Property		acre
	Tenants
	Billboard
	acre
	sqft
	State
	Property
Description of Business [Line Items]
Number of states in which entity operates	10
Number of owned and managed commercial real estate properties	43
Commercial real estate properties	36
Self developed multi-tenant properties	7
Gross leasable space	1,100,000
Land portfolio	10,500
Number of billboards leased for property	21
Cash and cash equivalents maximum original maturity period	90 days
Cash held in reserve for tenant improvements	$4,440,098	$366,645
Cash held in reserve for property taxes and insurance escrows	3,100,000
Cash held in escrow related to land transaction	185,000	284,000
Number of properties acquired	2			2
Reserve for future interest payment	65,000
Accounts receivable included in other assets	261,000	229,000
Allowance for doubtful accounts	0	0
Depreciation and amortization of property plant and equipment	3,490,485	2,974,587	2,211,516
Interest paid, capitalized	11,000	8,000	0
Subsurface interest net cost basis	0
Facilities operated by company	2
Golf course and clubhouse facility membership period	12 months
Award plan, number of common stock that may be issued					500,000
Stock options vesting period	5 years
Stock options expiration period	10 years
2001 plan expiry date	2011-04
Number of new option shares issued after April 2011	0
Reserves for uncertain income tax positions	0
Income property portfolio, interest rate	51.00%
Number of tenants	2	2
Sales Revenue, Net [Member] \| Holiday CVS [Member]
Description of Business [Line Items]
Income portfolio, rent percentage	7.00%	9.00%	16.00%
Sales Revenue, Net [Member] \| Walgreen [Member]
Description of Business [Line Items]
Income portfolio, rent percentage	5.00%	6.00%	13.00%
2010 Plan [Member]
Description of Business [Line Items]
Award plan, number of common stock that may be issued	450,000
Number of additional shares authorized	240,000
Share Based awards, maximum subscription per participant	50,000
2010 plan award termination description	The 2010 Plan will terminate on the tenth anniversary of the date that it was adopted by the Board, and no awards will be granted under the plan after that date.
Atlanta, GA [Member]
Description of Business [Line Items]
Number of commercial mortgage loan investments	5
Katy, Texas [Member]
Description of Business [Line Items]
Gross leasable space						15.48
Intangible Assets [Member]
Description of Business [Line Items]
Depreciation and amortization of property plant and equipment	2,700,000	2,300,000	1,800,000
Cash Held In Escrow For Exchange Transaction [Member]
Description of Business [Line Items]
Cash held in reserve for tenant improvements	170,000
Tenant Improvements [Member] \| Katy, Texas [Member]
Description of Business [Line Items]
Cash held in reserve for tenant improvements	$581,000

Summary_of_Significant_Account4

Summary of Significant Accounting Policies - Schedule of Estimated Useful Lives for Property, Plant, and Equipment (Detail)	12 Months Ended
	Dec. 31, 2014
Income Properties Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	40 years
Minimum [Member] \| Golf Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	10 years
Minimum [Member] \| Golf Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	5 years
Minimum [Member] \| Other Furnishings and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	5 years
Minimum [Member] \| Agriculture Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	5 years
Maximum [Member] \| Golf Buildings and Improvements [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	43 years
Maximum [Member] \| Golf Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	10 years
Maximum [Member] \| Other Furnishings and Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	25 years
Maximum [Member] \| Agriculture Equipment [Member]
Property, Plant and Equipment [Line Items]
Useful lives for property, plant, and equipment	10 years

Income_Properties_Additional_I

Income Properties - Additional Information (Detail) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jul. 17, 2014	Apr. 22, 2014	Oct. 07, 2014	Dec. 30, 2014	Nov. 17, 2014
	Property						sqft
	sqft						acre
							Parcels
Business Acquisition [Line Items]
Number of income properties acquired	4
Total acquisition cost of property	$42,200,000	$39,500,000
Purchase price allocated to land	14,700,000	13,200,000
Purchase price allocated to amortizable intangible assets	1,933,357	2,920,739	1,478,688
Weighted average amortization allocated to intangible assets, period	9 years 1 month 6 days	10 years 6 months
Number of self-developed properties	7
Area of real estate property	1,100,000
Total acquisition cost of property	42,192,815	37,868,099	24,916,936
Number of income properties disposed of or qualified as assets held for sale	1
Daytona Beach, Florida [Member]
Business Acquisition [Line Items]
Cost related to construction	2,400,000
Area of building acquired				52,665
Area of real estate property				7
Remaining lease term				6 years
Payment to acquire building				5,300,000
Daytona Beach, Florida [Member] \| Best Buy, PetSmart, and Barnes & Noble [Member]
Business Acquisition [Line Items]
Area of shopping center in which the acquired building is located				250,000
Katy, Texas [Member]
Business Acquisition [Line Items]
Area of building acquired					131,644
Area of real estate property					15.48
Total acquisition cost of property					14,700,000
Remaining term of lease					13 years
Sarasota, Florida [Member]
Business Acquisition [Line Items]
Total acquisition cost of property						19,100,000
Remaining term of lease						7 years
Sarasota, Florida [Member] \| Retail Center Spanning Two City Blocks [Member]
Business Acquisition [Line Items]
Area of real property acquired						59,341
Sarasota, Florida [Member] \| Whole Foods Market Retail Grocery Store [Member]
Business Acquisition [Line Items]
Area of real property acquired						36,000
Sarasota, Florida [Member] \| Starbucks Retail Store [Member]
Business Acquisition [Line Items]
Area of real property acquired						23,000
Winter Park, Florida [Member]
Business Acquisition [Line Items]
Number of income properties acquired							2
Area of real estate property							14
Total acquisition cost of property							3,100,000
Area of real property acquired							112,292
Apopka, Florida [Member] \| Walgreen [Member]
Business Acquisition [Line Items]
Area of discontinued operations sold property under lease								14,560
Proceed from sale of building								3,300,000
Single-Tenant Properties [Member]
Business Acquisition [Line Items]
Number of income properties acquired	2	9
Multi-Tenant Properties [Member]
Business Acquisition [Line Items]
Number of income properties acquired	2
Multi-Tenant Properties [Member] \| Daytona Beach, Florida [Member]
Business Acquisition [Line Items]
Number of self-developed properties	2
Golf Buildings and Improvements [Member]
Business Acquisition [Line Items]
Purchase price allocated to buildings and improvements	25,600,000	23,400,000
Golf Buildings and Improvements [Member] \| Daytona Beach, Florida [Member]
Business Acquisition [Line Items]
Cost related to construction	2,200,000
Land [Member] \| Daytona Beach, Florida [Member]
Business Acquisition [Line Items]
Cost related to construction	221,000
Intangible Assets [Member]
Business Acquisition [Line Items]
Purchase price allocated to amortizable intangible assets	$1,900,000	$2,900,000

Discontinued_Operations_Additi

Discontinued Operations - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
	Property	Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]
Number of investment in single-tenant income properties	5
Gain on Sale of Property	$1,215,928	$78,455

Discontinued_Operations_Summar

Discontinued Operations - Summary of Income from Discontinued Operations (Detail) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012
Discontinued Operations and Disposal Groups [Abstract]
Leasing Revenue and Other Income	$699,486	$1,535,854
Costs and Other Expenses	-89,270	-211,524
Income from Operations	610,216	1,324,330
Impairment Charges		-426,794
Gain on Sale of Property	1,215,928	78,455
Income before Income Tax	1,826,144	975,991
Income Tax	-704,435	-376,488
Income from Discontinued Operations	$1,121,709	$599,503

Commercial_Loan_Investments_Ad

Commercial Loan Investments - Additional Information (Detail) (USD $)	12 Months Ended			0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	16-May-14	20-May-14	Aug. 07, 2013	Sep. 30, 2014	Nov. 14, 2014	Dec. 31, 2011	Jan. 31, 2014	Jan. 06, 2014
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Instrument, Maturity Date	1-Aug-18
Long-term Debt, Total	$103,940,011	$63,227,032
Mortgage loan on hotel	30,208,074	18,845,053
Payment to acquired loan	30,187,748	17,658,204
Total revenue recognized	35,519,723	25,837,844	16,232,970
Interest Income	61,736	405	1,485
Commercial Mortgage Backed Securities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan										5,000,000
Long-term Debt, Interest Rate										12.00%
Debt Instrument, Maturity Date	1-Feb-19
Interest revenue recognized	558,000
Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquired loan	31,260,467	19,560,000
Glendale, AZ [Member] \| Commercial Mortgage Backed Securities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Instrument, Maturity Date	1-Nov-15
Interest revenue recognized	161,000
Amount used for Redevelopment of existing vacant retail property	5,300,000			3,100,000
Construction costs incurred	1,000,000
Long-term Debt, Interest Rate	6.00%
Number of extension options	1
Duration of loan maturity extension	9 months
Loan origination fee	79,000
Floating Interest Rate Period	30 days
Debt instrument, basis point	8.00%
Debt instrument description	30-day LIBOR plus 8%
Glendale, AZ [Member] \| Commercial Mortgage Backed Securities [Member] \| First Mortgage [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Mortgage loan commitments	6,300,000
Glendale, AZ [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Maturity Date	2015-11
Acquired loan	6,300,000
Sarasota, FL [Member] \| Commercial Mortgage Backed Securities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt Instrument, Maturity Date	1-Jun-15
Interest revenue recognized	416,000
Number of extension options					3
Duration of loan maturity extension					1 year
Floating Interest Rate Period					30 days
Debt instrument, basis point					7.25%
Debt instrument description	30-day LIBOR plus 7.25 %
Long-term Debt, Total					57,000,000
Sarasota, FL [Member] \| B-Note [Member] \| Commercial Mortgage Backed Securities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan					9,000,000
Sarasota, FL [Member] \| A-Note [Member] \| Commercial Mortgage Backed Securities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan					48,000,000
Sarasota, FL [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument description	30-day LIBOR plus 7.25 %
Maturity Date	2015-06
Acquired loan	8,960,467
Atlanta, GA [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument description	30-day LIBOR plus 4.50 %
Maturity Date	2019-02	2014-03				2014-03
Acquired loan	5,000,000	19,560,000				19,600,000					19,500,000
Payment to acquired loan						17,500,000
Discount on acquired loan						2,050,000
Accretion of purchase discount	650,000	1,400,000
Total revenue recognized	844,000	1,713,000
Interest Income	36,000	370,000
Exit fees	195,000
Remaining amortization of fees	37,000	61,000
Dallas, TX [Member] \| Commercial Mortgage Backed Securities [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan							10,000,000
Debt Instrument, Maturity Date	1-Sep-16
Interest revenue recognized	191,000
Floating Interest Rate Period							30 days
Debt instrument, basis point							7.25%
Debt instrument description	30-day LIBOR plus 7.25 %
Mortgage loan on hotel							64,000,000
Dallas, TX [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Debt instrument description	30-day LIBOR plus 7.25 %
Maturity Date	2016-09
Acquired loan	10,000,000
Ormond Beach, FL [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Acquisition of Commercial Mortgage Loan								1,000,000
Interest revenue recognized	10,000
Number of extension options								1
Duration of loan maturity extension								1 year
Loan origination fee	10,000
Floating Interest Rate Period								30 days
Debt instrument, basis point								7.25%
Debt instrument description	30-day LIBOR plus 7.25 %
Maturity Date	2015-11
Acquired loan	$1,000,000

Commercial_Loan_Investments_Su

Commercial Loan Investments - Summary of Commercial Loan Investment Portfolio (Detail) (USD $)	0 Months Ended	12 Months Ended
	Aug. 07, 2013	Dec. 31, 2014	Dec. 31, 2013	Jan. 06, 2014	Aug. 07, 2013
Accounts, Notes, Loans and Financing Receivable [Line Items]
Carrying Value		$30,208,074	$18,845,053
Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Original Face Amount		31,260,467	19,560,000
Current Face Amount		30,266,498	19,465,000
Carrying Value		30,208,074	18,845,053
Atlanta, GA [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment		2014-01	2013-08
Maturity Date	2014-03	2019-02	2014-03
Original Face Amount	19,600,000	5,000,000	19,560,000	19,500,000	19,600,000
Current Face Amount		5,000,000	19,465,000
Carrying Value		5,000,000	18,845,053
Loans receivable basis spread on variable rate		12.00%	4.50%
Coupon Rate		30-day LIBOR plus 4.50 %
Glendale, AZ [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment		2014-05
Maturity Date		2015-11
Original Face Amount		6,300,000
Current Face Amount		5,306,031
Carrying Value		5,247,607
Loans receivable basis spread on variable rate		6.00%
Sarasota, FL [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment		2014-05
Maturity Date		2015-06
Original Face Amount		8,960,467
Current Face Amount		8,960,467
Carrying Value		8,960,467
Loans receivable basis spread on variable rate		7.25%
Coupon Rate		30-day LIBOR plus 7.25 %
Dallas, TX [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment		2014-09
Maturity Date		2016-09
Original Face Amount		10,000,000
Current Face Amount		10,000,000
Carrying Value		10,000,000
Loans receivable basis spread on variable rate		7.25%
Coupon Rate		30-day LIBOR plus 7.25 %
Ormond Beach, FL [Member] \| Commercial Mortgage Loan [Member]
Accounts, Notes, Loans and Financing Receivable [Line Items]
Date of Investment		2014-11
Maturity Date		2015-11
Original Face Amount		1,000,000
Current Face Amount		1,000,000
Carrying Value		$1,000,000
Loans receivable basis spread on variable rate		7.25%
Coupon Rate		30-day LIBOR plus 7.25 %

Commercial_Loan_Investments_Ca

Commercial Loan Investments - Carrying Value of Commercial Loan Investment (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Loans And Leases Receivable [Line Items]
Total Commercial Loan Investments	$30,208,074	$18,845,053
Commercial Mortgage Loan [Member]
Loans And Leases Receivable [Line Items]
Current Face Amount	30,266,498	19,465,000
Unamortized Fees		29,711
Unaccreted Origination Fees	-58,424	-649,658
Total Commercial Loan Investments	$30,208,074	$18,845,053

Land_and_Subsurface_Interests_1

Land and Subsurface Interests - Summary of Land and Development Costs (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Real Estate [Abstract]
Undeveloped Land	$301,780	$301,780
Developed Land and Development Costs	22,903,969	23,467,134
Total Land and Development Costs	$23,205,749	$23,768,914

Land_and_Subsurface_Interests_2

Land and Subsurface Interests - Additional Information (Detail) (USD $)

0 Months Ended

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

0 Months Ended

3 Months Ended

Sep. 19, 2014

Sep. 22, 2013

Sep. 30, 2013

Sep. 30, 2012

Jun. 30, 2013

Jun. 30, 2012

Sep. 30, 2014

Dec. 31, 2014

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2010

Aug. 15, 2014

Feb. 18, 2014

Oct. 30, 2014

Dec. 04, 2013

Dec. 20, 2013

Dec. 19, 2013

Mar. 31, 2015

Dec. 31, 2009

acre

Payments

acre

bbl

acre

bbl

acre

Country

sqft

Real Estate Properties [Line Items]

Area of land sold

1,100,000

Revenue from land sold

$8,800,000

$3,000,000

$618,000

Gain (Loss) from sale of land

-26,367

78,455

Cash held in escrow related to the improvements and classified as restricted cash on the consolidated balance sheet

283,500

Impairment charges

616,000

421,040

616,278

Area of land used for transaction

3.21

Commitment to fund for road construction costs

1,125,000

Road construction costs amount paid

554,000

Liability recorded for road construction cost

571,000

Income from construction cost

730,000

Reversal of the remaining commitment and a reimbursement

160,000

Subsurface interest area of land

490,000

Subsurface Interest in number of countries

Oil exploration lease period

8 years

Oil exploration lease covering area

82,000

42,000

136,000

Rental payment received

3,300,000

922,000

914,000

Number of payments aggregated and ratably recognized into income

Aggregate amount of payments received and ratably recognized into income

1,800,000

Areas removed from oil exploration lease

54,000

Period considered to recognize revenue ratably for payments received

12 months

Non-refundable penalty payment received and recognized in revenue

1,000,000

600,000

Amended oil exploration lease term

The terms of the lease state the Company will receive royalty payments if production occurs and may receive additional annual rental payments if the lease is continued in years four through eight

Lease income recognized from oil exploration lease

2,400,000

2,900,000

1,600,000

919,000

Received rent payment

1,900,000

3,300,000

1,900,000

Lease period where payment recognized

12 months

Oil royalty income recognized

198,000

268,000

287,000

Production of oil

64,835

88,782

81,441

Area on which royalties received

800

Property East of Interstate 95 [Member]

Real Estate Properties [Line Items]

Revenue from land sold

618,000

7,800,000

Revenue per acre

37,000

103,000

Gain (Loss) from sale of land

5,300,000

3,900,000

Additional Gain (Loss) from sale of land

277,000

324,000

Cash payments from milestones

1,100,000

Halifax Humane Society, Inc. [Member]

Real Estate Properties [Line Items]

Revenue from land sold

391,500

Revenue per acre

128,000

Victor Indigo Lakes, LLC ("Masco") [Member]

Real Estate Properties [Line Items]

Revenue from land sold

625,000

Revenue per acre

30,000

RaceTrac Petroleum, Inc. ("RaceTrac") [Member]

Real Estate Properties [Line Items]

Revenue from land sold

1,300,000

Revenue per acre

382,000

Reimbursement period

5 years

Adjustment for impairment

RaceTrac Petroleum, Inc. ("RaceTrac") [Member] | Maximum [Member]

Real Estate Properties [Line Items]

Reimbursement by Williamson for RaceTrac

976,500

CarMax [Member]

Real Estate Properties [Line Items]

Revenue from land sold

1,050,000

Revenue per acre

168,500

Loss on sale of land

416,000

Intracoastal Bank [Member]

Real Estate Properties [Line Items]

Revenue from land sold

640,000

Revenue per acre

317,000

Land [Member]

Real Estate Properties [Line Items]

Area of land sold

99.66

11.655

16.6

Land [Member] | Property East of Interstate 95 [Member]

Real Estate Properties [Line Items]

Area of land sold

16.6

75.6

Gain (Loss) from sale of land

573,000

Land [Member] | Halifax Humane Society, Inc. [Member]

Real Estate Properties [Line Items]

Area of land sold

3.1

Gain (Loss) from sale of land

347,000

Land [Member] | Victor Indigo Lakes, LLC ("Masco") [Member]

Real Estate Properties [Line Items]

Area of land sold

20.96

Gain (Loss) from sale of land

552,000

Land [Member] | RaceTrac Petroleum, Inc. ("RaceTrac") [Member]

Real Estate Properties [Line Items]

Area of land sold

3.405

Gain (Loss) from sale of land

-244,000

Land [Member] | Williamson Crossing [Member]

Real Estate Properties [Line Items]

Area of land sold

Land [Member] | CarMax [Member]

Real Estate Properties [Line Items]

Area of land sold

6.23

Gain (Loss) from sale of land

-1,000,000

Land [Member] | Intracoastal Bank [Member]

Real Estate Properties [Line Items]

Area of land sold

2.02

Gain (Loss) from sale of land

581,000

Scenario, Forecast [Member] | Property East of Interstate 95 [Member]

Real Estate Properties [Line Items]

Additional Gain (Loss) from sale of land

$47,000

Investment_Securities_Addition

Investment Securities - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Stock purchased		$729,814
REIT market capitalization value		1,500,000,000
Investment securities unrealized gain	117,000	0
Other Comprehensive Income Unrealized Gain on Investment Securities, tax	44,022
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Stock purchased		$730,000

Investment_Securities_Summary_

Investment Securities - Summary of Available for Sale Securities (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Schedule of Available-for-sale Securities [Line Items]
Cost	$704,173	$729,814
Gains in Accumulated Other Comprehensive Income	117,263
Losses in Accumulated Other Comprehensive Income	0
Estimated Fair Value (Level 1 Inputs)	821,436	729,814
Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	704,173	729,814
Gains in Accumulated Other Comprehensive Income	117,263
Losses in Accumulated Other Comprehensive Income	0
Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Cost	704,173	729,814
Gains in Accumulated Other Comprehensive Income	117,263
Losses in Accumulated Other Comprehensive Income	0
Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 Inputs)	821,436	729,814
Quoted Prices in Active Markets (Level 1 Inputs) [Member] \| Preferred Stock [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 Inputs)	821,436	729,814
Quoted Prices in Active Markets (Level 1 Inputs) [Member] \| Equity Securities [Member]
Schedule of Available-for-sale Securities [Line Items]
Estimated Fair Value (Level 1 Inputs)	$821,436	$729,814

Investment_Securities_Summary_1

Investment Securities - Summary of Sale of Investment Securities and Losses (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014
Investments, Debt and Equity Securities [Abstract]
Proceeds from the Disposition of Equity Securities	$30,476
Cost Basis of Investment Securities Sold	-25,641
Gain recognized in Statement of Operations on the Disposition of Equity Securities	$4,835

Fair_Value_of_Financial_Instru2

Fair Value of Financial Instruments - Summary of Carrying Value and Estimated Fair Value of Financial Instruments (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Debt Instrument Fair Value Carrying Value [Abstract]
Cash and Cash Equivalents, Carrying Value	$1,881,195	$4,932,512	$1,301,739	$6,174
Restricted Cash, Carrying Value	4,440,098	366,645
Investment Securities, Carrying Value	821,436	729,814
Commercial Loan Investments, Carrying Value	30,208,074	18,845,053
Long-Term Debt, Carrying Value	103,940,011	63,227,032
Cash and Cash Equivalents, Estimated Fair Value	1,881,195	4,932,512
Restricted Cash, Estimated Fair Value	4,440,098	366,645
Investment Securities, Estimated Fair Value	821,436	729,814
Commercial Loan Investments, Estimated Fair Value	30,266,498	19,297,110
Long-Term Debt, Estimated Fair Value	$103,940,011	$63,227,032

Intangible_Assets_Additional_I

Intangible Assets - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Property	Dec. 31, 2013	Dec. 31, 2012
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, in-place lease value net	$7,339,417	$6,359,438
Lease value increased	1,933,357	2,920,739	1,478,688
Number of income properties acquired	4
Amortization expense	768,000	673,000	411,000
Leases Acquired in Place [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Intangible asset, in-place lease value net	7,300,000	6,400,000
Accumulated amortization expense	3,600,000	3,000,000
Lease value increased	1,900,000
Number of income properties acquired	3
Lease value decreased	320,000
Number of sale of income properties	1
Net increase in Intangible in-place lease value	$1,600,000
Leases Acquired in Place [Member] \| Weighted Average Maturity [Member]
Acquired Finite-Lived Intangible Assets [Line Items]
Amortization period of in place lease value	13 years

Intangible_Assets_Summary_of_E

Intangible Assets - Summary of Estimated Amortization Expense (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Goodwill and Intangible Assets Disclosure [Abstract]
2015	$899,693
2016	861,605
2017	770,851
2018	763,163
2019	748,328
Thereafter	3,295,777
Total	$7,339,417	$6,359,438

Impairment_of_LongLived_Assets1

Impairment of Long-Lived Assets - Additional Information (Detail) (USD $)	3 Months Ended		12 Months Ended			0 Months Ended
	Sep. 30, 2014	Jun. 30, 2013	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 20, 2013
	Sep. 30, 2014	acre	sqft	acre	Indicator	Dec. 20, 2013
Property, Plant and Equipment [Line Items]
Impairment charge		$616,000	$421,040	$616,278
Loss on sale of property	-228,000
Estimated closing costs	193,000
Impairment analysis for specified acres of land				6.23
Area of land used for transaction		3.21		3.21
Area of land sold			1,100,000
Revenue from land sold			8,800,000	3,000,000	618,000
Impairment of Assets Held for Sale					426,794
Impairment Indicators for other than income property held for sale					0
CarMax [Member]
Property, Plant and Equipment [Line Items]
Revenue from land sold						$1,050,000
Revenue per acre						168,500
Land [Member]
Property, Plant and Equipment [Line Items]
Area of land sold			99.66	11.655	16.6
Land [Member] \| CarMax [Member]
Property, Plant and Equipment [Line Items]
Area of land sold						6.23

Common_Stock_and_Earnings_Per_2

Common Stock and Earnings Per Share - Summary of Common Stock and Earnings Per Share (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Available to Common Shareholders:
Income (Loss) from Continuing Operations	$6,383,818	$2,561,538	($301)
Discontinued Operations		1,121,709	599,503
Net Income	$6,383,818	$3,683,247	$599,202
Weighted Average Shares Outstanding	5,765,997	5,739,383	5,717,937
Common Shares Applicable to Stock
Options Using the Treasury Stock Method	22,853	3,754
Total Shares Applicable to Diluted Earnings Per Share	5,788,850	5,743,137	5,717,937
Basic Net Income Per Share
Income from Continuing Operations	$1.11	$0.44
Discontinued Operations		$0.20	$0.10
Net Income	$1.11	$0.64	$0.10
Diluted Net Income Per Share:
Income from Continuing Operations	$1.10	$0.44
Discontinued Operations		$0.20	$0.10
Net Income	$1.10	$0.64	$0.10

Common_Stock_and_Earnings_Per_3

Common Stock and Earnings Per Share - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Earnings Per Share [Abstract]
Antidilutive potentially securities	40,400	58,800	198,300

Treasury_Stock_Additional_Info

Treasury Stock - Additional Information (Detail) (USD $)	12 Months Ended
Treasury Stock - Additional Information (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Apr. 26, 2012
Equity, Class of Treasury Stock [Line Items]
Number of shares purchased	40,470	14,634
Costs of shares purchased	$1,381,566	$453,654
Odd-Lot Buy-Back Program [Member]
Equity, Class of Treasury Stock [Line Items]
Description of number of shares held by shareholder, maximum	Less than 100
Purchase price of shares from shareholders			$31
Number of shares purchased	25,836	4,660	14,634
Costs of shares purchased	928,000	105,000	454,000
Buy back expiration date	30-Jun-12
Repurchase of common stock, authorized amount	8,000,000
Repurchase occurred, amount	0
Repurchase of remaining shares	$6,500,000
Odd-Lot Buy-Back Program [Member] \| Maximum [Member]
Equity, Class of Treasury Stock [Line Items]
Number of shares held by shareholders			100

LongTerm_Debt_Additional_Infor

Long-Term Debt - Additional Information (Detail) (USD $)	12 Months Ended			9 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Sep. 30, 2014	Feb. 22, 2013	Mar. 08, 2013
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Property	Feb. 22, 2013	Mar. 08, 2013
Debt Instrument [Line Items]
Amended dote of line of credit	1-Aug-14
Expiration date of line of credit	1-Aug-18
Line of credit facility, extension term	1 year
Line of credit facility, current borrowing capacity	$75,000,000
Line of credit facility maximum borrowing capacity	75,000,000
Line of credit facility unused portion of borrowing capacity description	The Credit Facility also accrues a fee of 20 to 25 basis points for any unused portion of the borrowing capacity based on whether the unused portion is greater or less than 50% of the total borrowing capacity.
Line of credit facility unused portion of the borrowing capacity fee percentage condition	50.00%
Line of credit facility, maturity date	1-Aug-18
Amount of loan closed	103,940,011	63,227,032
Credit facility capacity available	31,500,000
Interest expense	2,200,000	1,600,000	536,000
Interest paid	2,100,000	1,600,000	491,000
Interest capitalized	11,000	8,000	0
Amortization of loan costs	256,332	202,500	112,666
Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage on unused portion of the borrowing capacity	0.20%
Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, commitment fee percentage on unused portion of the borrowing capacity	0.25%
Hilton Resorts Corporation [Member]
Debt Instrument [Line Items]
Number of office building	2
Letter of Credit [Member]
Debt Instrument [Line Items]
Secured letter of credit with BMO	940,000
Income Properties [Member]
Debt Instrument [Line Items]
Credit facility capacity available	13,100,000
Note Payable to Banks [Member]
Debt Instrument [Line Items]
Long-term debt LIBOR plus interest rate, reckoning period	30 days
UBS Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Amount of loan closed	7,300,000				7,300,000
Maturity period	2018-02
Interest rate on mortgage loan	3.66%
Date of acquisition	31-Jan-13
BOA Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Amount of loan closed	23,100,000					23,100,000
Maturity period	2023-04
Interest rate on mortgage loan	3.67%
Number of income properties	14
Wells Fargo Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Amount of loan closed	30,000,000			30,000,000
Maturity period				2034-10
Interest rate on mortgage loan				4.33%
Number of income properties				6
Line of Credit New [Member]
Debt Instrument [Line Items]
Line of credit facility maximum borrowing capacity	$125,000,000
Line of Credit New [Member] \| Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate description	LIBOR plus 135 basis
Line of credit facility, basis points added to LIBOR interest rate	1.35%
Line of Credit New [Member] \| Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate description	LIBOR plus 200 basis
Line of credit facility, basis points added to LIBOR interest rate	2.00%

LongTerm_Debt_Schedule_of_Long

Long-Term Debt - Schedule of Long-Term Debt (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Feb. 22, 2013	Mar. 08, 2013	Sep. 30, 2014
Debt Instrument [Line Items]
Total Long-Term Debt	$103,940,011	$63,227,032
Long-Term Debt, Due Within One Year	0
Credit Facility [Member]
Debt Instrument [Line Items]
Total Long-Term Debt	43,540,011
Long-Term Debt, Due Within One Year	0
UBS Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Total Long-Term Debt	7,300,000		7,300,000
Long-Term Debt, Due Within One Year	0
BOA Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Total Long-Term Debt	23,100,000			23,100,000
Long-Term Debt, Due Within One Year	0
Wells Fargo Mortgage Note Payable [Member]
Debt Instrument [Line Items]
Total Long-Term Debt	30,000,000				30,000,000
Long-Term Debt, Due Within One Year	$0

LongTerm_Debt_Summary_of_Payme

Long-Term Debt - Summary of Payments Applicable to Reduction of Principal Amounts (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Debt Disclosure [Abstract]
2015	$0
2016	0
2017	0
2018	50,840,011
2019	0
Thereafter	53,100,000
Total Long-Term Debt	$103,940,011	$63,227,032

Accrued_Liabilities_Summary_of

Accrued Liabilities - Summary of Accrued Liabilities (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Payables and Accruals [Abstract]
Golf Course Lease	$2,973,898	$3,340,389
Deferred compensation	0	382,599
Other Post-Retirement Benefits	142,797	156,881
Reserve for Tenant Improvements	551,250	58,977
Accrued Interest	197,929	95,771
Environmental Reserve	108,733
Other	1,426,902	692,192
Total Accrued Liabilities	$5,401,509	$4,726,809

Accrued_Liabilities_Additional

Accrued Liabilities - Additional Information (Detail) (USD $)	1 Months Ended	12 Months Ended
	Jul. 31, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 31, 2013	Mar. 31, 2014	Apr. 22, 2014
	Jul. 31, 2012	Property	Dec. 31, 2013	Dec. 31, 2012	Property	Mar. 31, 2014	Apr. 22, 2014
Accrued Liabilities [Line Items]
Lease, base rent	$250,000	$408,000	$402,000	$666,000
Annual rate adjustment percentage	1.75%
Investments agreed under lease arrangement	200,000
Description of additional rent payable		Company will pay additional rent to the City equal to 5.0% of gross revenues exceeding $5,500,000 and 7.0% of gross revenues exceeding $6,500,000.
Additional rent percentage exceeding $5,500,000 gross revenue	5.00%
Additional rent percentage on exceeding $6,500,000 gross revenue	7.00%
Gross revenue value for additional rent under lease amendment lower limit	5,500,000
Gross revenue value for additional rent under lease amendment upper limit	6,500,000
Rent deferred, no longer due	3,000,000	2,100,000
Lease term expiration year	2022
Number of acquisition properties leased		2			2
Tenant improvements credited at closing balance		551,250	58,977
Environmental reserve accrued		110,000
Environmental remediation cost		1,000
Hilton Resorts Corporation [Member]
Accrued Liabilities [Line Items]
Tenant improvements credited at closing balance					773,000
Final payment for the completion of improvements on client request						59,000
Lowes [Member]
Accrued Liabilities [Line Items]
Tenant improvements credited at closing balance							651,000
Final payment for the completion of improvements on client request		100,000
Unfunded [Member]
Accrued Liabilities [Line Items]
Final payment for the completion of improvements on client request		551,000
Minimum [Member]
Accrued Liabilities [Line Items]
Base rent payments per year	250,000
Maximum [Member]
Accrued Liabilities [Line Items]
Base rent payments per year	$500,000

Deferred_Revenue_Summary_of_De

Deferred Revenue - Summary of Deferred Revenue (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Revenue Recognition [Abstract]
Deferred Oil Exploration Lease Revenue	$1,354,873	$2,390,808
Deferred Land Sale Revenue	87,581
Prepaid Rent	674,165	698,653
Escrow Reserve, Container Store Loan	144,124
Escrow Reserve, Plantation Oaks Loan	65,216
Other Deferred Revenue	392,584	254,890
Total Deferred Revenue	$2,718,543	$3,344,351

Deferred_Revenue_Additional_In

Deferred Revenue - Additional Information (Detail) (USD $)	0 Months Ended		9 Months Ended	12 Months Ended				0 Months Ended	3 Months Ended
	Sep. 19, 2014	Sep. 22, 2013	Sep. 30, 2014	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 15, 2014	Jun. 30, 2012
	Sep. 19, 2014	Sep. 22, 2013	Sep. 30, 2014	sqft	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011	Aug. 15, 2014	Jun. 30, 2012
Deferred Revenue Arrangement [Line Items]
Received rent payment	$1,900,000	$3,300,000	$1,900,000
Term of oil exploration lease		8 years	8 years				8 years
Lease period where payment recognized		12 months	12 months
Lease Expiration Year	2015-09
Area of land sold				1,100,000
Revenue from land sold				8,800,000	3,000,000	618,000
Land [Member]
Deferred Revenue Arrangement [Line Items]
Area of land sold				99.66	11.655	16.6
Property East of Interstate 95 [Member]
Deferred Revenue Arrangement [Line Items]
Deferred revenue recognized from sale of land				597,000
Deferred revenue recognized during the period				510,000
Revenue from land sold				$7,800,000				$7,800,000	$618,000
Estimated completion date				2015-02
Property East of Interstate 95 [Member] \| Land [Member]
Deferred Revenue Arrangement [Line Items]
Area of land sold				75.6				75.6	16.6

Pension_Plan_Additional_Inform

Pension Plan - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Securities	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, general information	The Company maintained a Defined Benefit Pension Plan (the "Pension Plan") which had been, prior to December 31, 2011, for all employees who had attained the age of 21 and completed one year of service. The pension benefits were based primarily on years of service and the average compensation for the five highest consecutive years during the final ten years of employment. The benefit formula generally provided for a life annuity benefit.
Pension benefits average compensation highest consecutive years	5 years
Pension benefits average compensation highest consecutive final years of employment	10 years
Contribution to fund the pension plan to effectuate termination	$43,000
Cost of legal and other advisors to complete termination	170,000
Total contribution to defined benefit plan	43,254	84,600	473,540
Excess of the unrecognized (gain) or loss of the projected benefit obligation, percent	10.00%
Excess of the unrecognized (gain) or loss of the market related value of assets, percent	10.00%
Excess of the unrecognized (gain) or loss, amortization period	12 years 7 months 6 days
Short-term obligations of the U.S. government, percentage of consolidated assets	4.00%
Number of security except short term obligations constitute more than 4% of consolidated assets	0
Expected future benefit payments	$0	$8,852,262	$9,827,454
Minimum [Member]
Defined Benefit Plan Disclosure [Line Items]
Defined benefit plan, eligibility age criteria	21 years
Defined benefit plan eligibility year of service rendered	1 year
Change in the discount rate		4.00%
Maximum [Member]
Defined Benefit Plan Disclosure [Line Items]
Change in the discount rate		5.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of investments	60.00%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of investments	40.00%
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Allocation of investments	10.00%

Pension_Plan_Summary_of_Compon

Pension Plan - Summary of Components of Net Periodic Pension Cost (Benefit) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]
Service Cost	$87,219	$87,496	$94,374
Interest Cost	425,735	385,884	406,689
Actual Return on Plan Assets	342,637	-1,310,053	-932,366
Amortization of Unrecognized Transition Loss (Gain) from Earlier Periods		91,111	69,699
Amortization of Unrecognized Prior Service Cost	0	0	0
Amortization of Net Gain (Loss) from Earlier Periods		736,025	390,400
Net Periodic Pension Cost (Benefit)	$855,591	($9,537)	$28,796

Pension_Plan_Schedule_of_Chang

Pension Plan - Schedule of Changes in Projected Benefit Obligations (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]
Benefit Obligation at Beginning of Year	$8,852,262	$9,827,454
Service Cost	87,219	87,496	94,374
Interest Cost	425,735	385,884	406,689
Actuarial Loss (Gain)	-27,160	-804,080
Plan Expenses Paid	-108,997	-71,585
Benefits Paid	-541,896	-572,907
Effect of Termination Settlement	-8,687,163
Benefit Obligation at End of Year	$0	$8,852,262	$9,827,454

Pension_Plan_Schedule_of_Chang1

Pension Plan - Schedule of Changes in Fair Value of Plan Assets (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Compensation and Retirement Disclosure [Abstract]
Fair Value of Plan Assets at Beginning of Year	$9,259,932	$8,509,771
Actual Return on Plan Assets	342,637	-1,310,053	-932,366
Employer Contribution	43,254	84,600	473,540
Plan Expenses Paid	-108,997	-71,585
Benefits Paid	-541,896	-572,907
Termination Settlement	-8,994,930
Fair Value of Plan Assets at End of Year	$0	$9,259,932	$8,509,771

Pension_Plan_Schedule_of_Funde

Pension Plan - Schedule of Funded Status of the Pension Obligation (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Estimated Pension Benefit Obligation
Projected Benefit Obligation	$0	($8,852,262)	($9,827,454)
Fair Value of Plan Assets	0	9,259,932	8,509,771
Accrued Net Pension Asset	$0	$407,670

Pension_Plan_Schedule_of_Proje

Pension Plan - Schedule of Projected Benefit Obligation and Fair Value of Plan Assets (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Weighted Average Discount Rate		5.00%
Weighted Average Asset Rate of Return		7.00%
Compensation Scale	0.00%	0.00%

Pension_Plan_Schedule_of_Disbu

Pension Plan - Schedule of Disbursements from Plan Assets (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013
Compensation and Retirement Disclosure [Abstract]
Benefit Payments	$541,896	$572,907
Administrative Expenses	108,997	71,585
Termination Settlement	8,994,930
Total	$9,645,823	$644,492

Pension_Plan_Schedule_of_Plans

Pension Plan - Schedule of Plan's Weighted Average Asset Allocations (Detail)	Dec. 31, 2014	Dec. 31, 2013
Defined Benefit Plan Disclosure [Line Items]
Total	0.00%	100.00%
Cash and Cash Equivalents [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	0.00%	3.00%
Equity Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	0.00%	66.00%
Fixed Income Securities [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	0.00%	30.00%
Alternative Investments [Member]
Defined Benefit Plan Disclosure [Line Items]
Total	0.00%	1.00%

Pension_Plan_Schedule_of_Fair_

Pension Plan - Schedule of Fair Values of Plan Assets and Fair Value Measurements (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Defined Benefit Plan Disclosure [Line Items]
Total	$0	$9,259,932	$8,509,771
Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total		9,259,932
Cash and Cash Equivalents [Member] \| Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total		263,452
Equity Securities [Member] \| Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total		6,134,969
Fixed Income Securities [Member] \| Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total		2,730,912
Alternative Investments [Member] \| Quoted Prices in Active Markets (Level 1 Inputs) [Member]
Defined Benefit Plan Disclosure [Line Items]
Total		$130,599

PostRetirement_Benefit_Plans_O1

Post-Retirement Benefit Plans Other than Pensions - Additional Information (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Post retirement benefit plans other than pensions, life insurance plan, coverage value maximum	$5,000
Accrued post-retirement benefit cost	143,000	157,000
Deferred compensation plan interest Rate	3.00%	3.00%		6.00%
Deferred compensation	0	382,599
Deferred compensation earnings allocated to the deferred compensation	$5,000	$14,000	$41,000
Post-Retirement Life Benefit Programs [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Post retirement benefit plans other than pensions, supplemental benefits, age	55 years
Post retirement benefit plans other than pensions, supplemental benefits, years of service	20 years
Post-Retirement Supplemental Medicare Benefits Programs [Member]
Deferred Compensation Arrangement with Individual, Postretirement Benefits [Line Items]
Post retirement benefit plans other than pensions, supplemental benefits, age	65 years
Post retirement benefit plans other than pensions, supplemental benefits, years of service	20 years

StockBased_Compensation_Additi

Stock-Based Compensation - Additional Information (Detail) (USD $)	12 Months Ended			0 Months Ended	12 Months Ended	0 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 23, 2013	Dec. 31, 2011	Jan. 22, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of compensation cost to be recognized	7 months 6 days
Restricted shares vesting description	The restricted shares will vest in six increments based upon the price per share of Company common stock during the term of their employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices ranging from $36 per share for the first increment to $65 per share for the final increment.
Restricted share award closing prices range per share, Minimum	$36
Restricted share award closing prices range per share, Maximum	$65
Restricted share award average closing prices, period	60 days
Percent of options vested in each anniversaries Description	One-third of these options will vest on each of the first, second, and third anniversaries of the grant date, provided the recipient is an employee of the Company on those dates.
Mr Smith [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted shares vesting description	The restricted stock will vest in two increments based upon the price per share of Company common stock during the term of their employment (or within 60 days after termination of employment by the Company without cause), meeting or exceeding the target trailing 60-day average closing prices of $60 per share and $65 per share for the two increments.
Restricted share award closing prices range per share, Minimum	$60
Restricted share award closing prices range per share, Maximum	$65
Restricted share award average closing prices, period	60 days
2001 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Common stock could be issued under stock option plan 2001	500,000
Number of new stock options issued under 2001 plan	0
Non-Qualified Stock Option Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to market condition non-vested restricted shares	$264,000
Weighted average period of compensation cost to be recognized	1 year 4 months 24 days
Expiry of option	(a) the tenth anniversary of the grant date; (b) twelve months after the employee's death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
Stock based compensation, Shares, Granted	10,000	51,000	10,000
Weighted-average grant-date fair value of options granted	$14.25
Total intrinsic value of options exercised	387,000
Non-Qualified Stock Option Award [Member] \| Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Expiry of option	(a) the fifth anniversary of the grant date; (b) twelve months after the employee's death or termination for disability; or (c) thirty days after the termination of employment for any reason other than death or disability.
Non-Qualified Stock Option Award [Member] \| 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted				51,000
Non-Qualified Stock Option Award [Member] \| 2010 Plan [Member] \| Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted					50,000
Non-Qualified Stock Option Award [Member] \| 2010 Plan [Member] \| Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted			10,000
Stock based compensation, Shares, Granted				10,000
Options granted exercise price				34.95
Non-Qualified Stock Option Award [Member] \| 2010 Plan [Member] \| Mr Smith [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted	10,000
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Unrecognized compensation cost related to market condition non-vested restricted shares	21,000
Weighted average period of compensation cost to be recognized	10 months 24 days
Stock based compensation, Shares, Granted	0	0	0
Unrecognized compensation cost	94,000
Restricted Shares [Member] \| 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Performance period	5 years
Restricted Shares [Member] \| 2010 Plan [Member] \| Mr Albright [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted			96,000		96,000
Restricted Shares [Member] \| 2010 Plan [Member] \| Mr Patten [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted			17,000		17,000
Restricted Shares [Member] \| 2010 Plan [Member] \| Mr Smith [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted	2,500
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Total intrinsic value of options exercised	232,000
Stock Option [Member] \| 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock option plan 2001 expiration date	2010
Stock Option [Member] \| 2001 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted	0	0	0
Options granted exercise price	$0	0
Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Option shares issued under stock appreciation rights	0	0	0
Stock Appreciation Rights [Member] \| 2001 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted	0	0	0
Options granted exercise price	$0	0	0
Total intrinsic value of options exercised	125,000
Stock Options and Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock Option liability	560,000	248,000
Three Year Vest Non Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Weighted average period of compensation cost to be recognized	2 years 1 month 6 days
Stock based compensation, Shares, Granted	14,500
Unrecognized compensation cost	$351,000
Three Year Vest Non Vested Restricted Stock [Member] \| 2010 Plan [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares, Granted						14,500

StockBased_Compensation_Summar

Stock-Based Compensation - Summary of Stock Based Compensation Activity (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Restricted Shares [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	5,067	7,900	9,317
Stock based compensation, Shares, Granted	0	0	0
Stock based compensation, Shares, Forfeited/Expired		-2,833	-1,417
Stock based compensation, Shares Outstanding, ending balance	5,067	5,067	7,900
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$23.13	$23.13	$23.13
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$0	$0	$0
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited/Expired		$23.13	$23.13
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$23.13	$23.13	$23.13
Three Year Vest Non Vested Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	0
Stock based compensation, Shares, Granted	14,500
Stock based compensation, Shares, Vested	0
Stock based compensation, Shares, Forfeited/Expired	-300
Stock based compensation, Shares Outstanding, ending balance	14,200
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$0
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$36.08
Stock based compensation, Weighted Average Fair Value Per Share, Vested	$0
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited/Expired	$36.08
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$36.08

StockBased_Compensation_Summar1

Stock-Based Compensation - Summary of Market Condition Inducement Grant of Restricted Shares (Detail) (Inducement Grant of Restricted Stock [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Inducement Grant of Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	94,500	113,000	96,000
Stock based compensation, Shares, Granted	2,500		17,000
Stock based compensation, Shares, Vested	-56,500	-18,500
Stock based compensation, Shares, Forfeited	0	0	0
Stock based compensation, Shares Outstanding, ending balance	40,500	94,500	113,000
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$17.33	$18.40	$18.47
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$38.97		$18.02
Stock based compensation, Weighted Average Fair Value Per Share, Vested	$19.56	$23.89
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited	$0	$0	$0
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$15.55	$17.33	$18.40

StockBased_Compensation_Summar2

Stock-Based Compensation - Summary of Stock Based Compensation Activity for Non-Qualified Stock Option Award (Detail) (Non-Qualified Stock Option Award [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Non-Qualified Stock Option Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	94,500	60,000	50,000
Stock based compensation, Shares, Granted	10,000	51,000	10,000
Stock based compensation, Shares, Exercised	-19,735	-16,500
Stock based compensation, Shares, Expired	0	0	0
Stock based compensation, Shares Outstanding, ending balance	84,765	94,500	60,000
Stock based compensation, Shares, Exercisable	37,195	19,800
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$32.21	$28.97	$28.90
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$50	$34.95	$29.34
Stock based compensation, Weighted Average Fair Value Per Share, Exercised	$31.88	$28.90
Stock based compensation, Weighted Average Fair Value Per Share, Expired	$0	$0	$0
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$34.39	$32.21	$28.97
Stock based compensation, Weighted Average Fair Value Per Share, Exercisable	$30.13	$28.97
Stock based compensation, Weighted Average Remaining Contractual Term, Outstanding	5 years 3 months 29 days
Stock based compensation, Weighted Average Remaining Contractual Term, Exercisable	6 years 15 days	7 years 8 months 12 days
Stock based compensation, Aggregate Intrinsic Value, Outstanding	$1,815,125
Stock based compensation, Aggregate Intrinsic Value, Exercisable	$954,717	$144,870

StockBased_Compensation_Summar3

Stock-Based Compensation - Summary of Non-Vested Options for Non-Qualified Stock Option Awards (Detail) (Non-Qualified Stock Option Award [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Non-Qualified Stock Option Award [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-Vested Shares, beginning balance	74,700	43,334	50,000
Granted	10,000	51,000	10,000
Vested	-37,130	-19,634	-16,666
Non-Vested Shares, ending balance	47,570	74,700	43,334
Fair Value of Shares Vested	$1,176,331	$568,875	$481,647

StockBased_Compensation_Summar4

Stock-Based Compensation - Summary of Share Option Activity of Stock Option and Stock Appreciation Rights Under 2001 Plan (Detail) (2001 Plan [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock Option [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	53,800	80,800	205,800
Stock based compensation, Shares, Granted	0	0	0
Stock based compensation, Shares, Exercised	-18,500	-11,600	-5,600
Stock based compensation, Shares, Forfeited/Expired		-15,400	-119,400
Stock based compensation, Shares Outstanding, ending balance	35,300	53,800	80,800
Stock based compensation, Shares, Exercisable	35,300	53,800
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$53.99	$52.43	$53.12
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$0	$0
Stock based compensation, Weighted Average Fair Value Per Share, Exercised	$37.80	$30.39	$20.12
Stock based compensation, Weighted Average Fair Value Per Share, Forfeited/Expired		$63.58	$55.13
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$62.47	$53.99	$52.43
Stock based compensation, Weighted Average Fair Value Per Share, Exercisable	$62.47	$53.99
Stock based compensation, Weighted Average Remaining Contractual Term, Outstanding	2 years 5 months 16 days
Stock based compensation, Weighted Average Remaining Contractual Term, Exercisable	2 years 5 months 16 days	3 years 9 months 18 days
Stock based compensation, Aggregate Intrinsic Value, Outstanding	$102,022
Stock based compensation, Aggregate Intrinsic Value, Exercisable	102,022	46,950
Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Stock based compensation, Shares Outstanding, beginning balance	53,800	80,800	205,800
Stock based compensation, Shares, Granted	0	0	0
Stock based compensation, Shares, Exercised	-18,500	-11,600	-5,600
Stock based compensation, Shares, Expired		-15,400	-119,400
Stock based compensation, Shares Outstanding, ending balance	35,300	53,800	80,800
Stock based compensation, Shares, Exercisable	35,300	53,800
Stock based compensation, Weighted Average Fair Value Per Share, beginning balance	$1.61	$1.12	$0.93
Stock based compensation, Weighted Average Fair Value Per Share, Granted	$0	$0	$0
Stock based compensation, Weighted Average Fair Value Per Share, Exercised	$11.20	$4.29	$5.07
Stock based compensation, Weighted Average Fair Value Per Share, Expired		$0.46	$0.73
Stock based compensation, Weighted Average Fair Value Per Share, ending balance	$5.56	$1.61	$1.12
Stock based compensation, Weighted Average Fair Value Per Share, Exercisable	$5.56	$1.61
Stock based compensation, Aggregate Intrinsic Value, Outstanding	54,935
Stock based compensation, Aggregate Intrinsic Value, Exercisable	$54,935	$25,281

StockBased_Compensation_Summar5

Stock-Based Compensation - Summary of Non-Vested Options for Liability-Classified Stock Options and Stock Appreciation Rights (Detail) (Stock Option and Stock Appreciation Rights [Member], USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Stock Option and Stock Appreciation Rights [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Non-Vested Shares, beginning balance	0	2,640	42,160
Vested, Shares	0	-2,640	-10,120
Forfeited/Expired, Shares	0		-29,400
Non-Vested Shares, ending balance	0	0	2,640
Fair Value of Shares Vested		$20,038	$23,962

StockBased_Compensation_Assump

Stock-Based Compensation - Assumptions Used in Determining Fair Value of Stock Options and Stock Appreciation Rights (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Expected Volatility	34.07%	23.07%	24.34%
Expected Dividends	0.07%	0.11%	0.13%
Expected Term	2 years	3 years	3 years
Risk-Free Rate	0.78%	1.21%	0.39%

StockBased_Compensation_Recogn

Stock-Based Compensation - Recognized Financial Statements for Stock Options, Stock Appreciation Rights, and Restricted Stock (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Total Cost of Share-Based Plans Charged Against Income Before Tax Effect	$1,271,924	$901,447	$1,047,335
Income Tax Expense Recognized in Income	($490,645)	($347,733)	($404,010)

Income_Taxes_Summary_of_Provis

Income Taxes - Summary of Provisions for Income Tax Benefit (Expense) (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Federal - Current	($2,233,512)	($1,817,112)	$58,443
State - Current	-302,896	-354,061	335,361
Total - Current	-2,536,408	-2,171,173	393,804
Federal - Deferred	-1,223,260	264,121	-269,712
State - Deferred	-71,195	15,372	-95,370
Total - Deferred	($1,294,455)	$279,493	($365,082)

Income_Taxes_Summary_of_Deferr

Income Taxes - Summary of Deferred Income Tax Assets (Liabilities) (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013
Deferred Income Tax Assets
Depreciation	$2,541,509	$1,899,202
Deferred Compensation		147,588
Deferred Oil Lease Income	545,179	922,254
Deferred Lease Expense	1,147,181	1,288,555
Pension and Other Post Retirement Benefits	55,083	-48,342
Stock Options	621,489	837,156
Impairment Reserves	1,688,979	1,688,979
Other - Net	80,501	40,259
Gross Deferred Income Tax Assets	6,679,921	6,775,651
Less - Valuation Allowance	-415,453	-415,453
Net Deferred Income Tax Assets	6,264,468	6,360,198
Deferred Income Tax Liabilities
Sales of Real Estate	-39,635,433	-37,810,005
Commercial Mortgage Purchase Discount		-504,886
Basis Difference in Joint Venture	-342,015	-342,015
Other - Net	-325,462	-255,360
Total Deferred Income Tax Liabilities	-40,302,910	-38,912,266
Net Deferred Income Tax Liabilities	($34,038,442)	($32,552,068)

Income_Taxes_Additional_Inform

Income Taxes - Additional Information (Detail) (USD $)	12 Months Ended
Income Taxes - Additional Information (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Valuation Allowance [Line Items]
Valuation allowance	$415,453	$415,453
Federal statutory rate	35.00%	35.00%	35.00%
Effective income tax rate including income taxes attributable to the discontinued operations	37.50%	41.30%	36.70%
Uncertain tax positions	0	0	0
Year for audit of federal and state tax return by revenue service	2012
Accrued interest and penalties for uncertain tax positions	0	0	0
Income tax paid	3,000,000	1,600,000
Income tax refunds			177,500
Charitable Contributions [Member]
Valuation Allowance [Line Items]
Valuation allowance	$0	$0

Income_Taxes_Reconciliation_of

Income Taxes - Reconciliation of Income Tax Computed at Federal Statutory Rate (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Income Tax Disclosure [Abstract]
Income Tax (Expense) Benefit Computed at Federal Statutory Rate	($3,575,138)	($1,558,626)	$10,158
Increase (Decrease) Resulting from:
State Income Tax, Net of Federal Income Tax Benefit	-349,334	-149,791	8,360
Other Reconciling Items	93,609	-183,263	10,204
Benefit (Expense) for Income Taxes	($3,830,863)	($1,891,680)	$28,722

Commitments_and_Contingencies_1

Commitments and Contingencies - Summary of Minimum Future Rental Payments under Non-Cancelable Operating Leases (Detail) (USD $)	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
2015	$736,606
2016	553,347
2017	328,551
2018	295,529
2019	297,182
2020 and thereafter (cumulative)	817,552
Total	$3,028,767

Commitments_and_Contingencies_2

Commitments and Contingencies - Additional Information (Detail) (USD $)	1 Months Ended	3 Months Ended	12 Months Ended			0 Months Ended
	Jul. 31, 2012	Sep. 30, 2012	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Jan. 29, 2014	Dec. 04, 2013	31-May-10
	Jul. 31, 2012	Sep. 30, 2012	sqft	Dec. 31, 2013	Dec. 31, 2012	Jan. 29, 2014	acre	31-May-10
Loss Contingencies [Line Items]
Rental expense under operating leases	$250,000		$408,000	$402,000	$666,000
Settlement reserve accrued		611,691
Additional reserve reflect value of additional underdeveloped acres and cost					723,058
Summary judgment of foreclosure hearing date			12-Jan-12
Area of real estate property			1,100,000
Cash deposited related to improvements			185,000	284,000
Estimated cost for improvement				987,303
Land [Member]
Loss Contingencies [Line Items]
Area of real estate property			99.66	11.655	16.6
Land [Member] \| RaceTrac Petroleum, Inc. ("RaceTrac") [Member]
Loss Contingencies [Line Items]
Area of real estate property							3.405
Land [Member] \| Williamson Crossing [Member]
Loss Contingencies [Line Items]
Area of real estate property							23
Construction and Other Commitment [Member]
Loss Contingencies [Line Items]
Settlement reserve accrued			0
Cash deposited related to improvements				283,500
Reimbursement period of land improvement cost			5 years
Remaining commitment			95,000
Estimated cost for improvement			616,000
Reimbursement of Capital Expenditure Commitments			243,000
Total commitments			521,000
Construction and Other Commitment [Member] \| Williamson Crossing Remaining Site [Member]
Loss Contingencies [Line Items]
Area of real estate property			19.6
Construction and Other Commitment [Member] \| RaceTrac Petroleum, Inc. ("RaceTrac") [Member]
Loss Contingencies [Line Items]
Area of real estate property			3.4
Estimated cost for improvements			1,260,000
Percentage of cost paid			77.50%
Actual cost paid for the next five years			976,500
Construction and Other Commitment [Member] \| Williamson Crossing [Member]
Loss Contingencies [Line Items]
Area of real estate property			23
Construction and Other Commitment [Member] \| Land [Member]
Loss Contingencies [Line Items]
Area of real estate property			75.6
Construction and Other Commitment [Member] \| Container Store [Member]
Loss Contingencies [Line Items]
Remaining commitment			994,000
Estimated cost for improvement			5,300,000
Construction Loan			6,300,000
Maximum [Member] \| Construction and Other Commitment [Member]
Loss Contingencies [Line Items]
Remaining commitment			693,000
FM Bayberry Cove Holding, LLC [Member]
Loss Contingencies [Line Items]
Claim of lien on real property								3,800,000
Area of real estate property			600
Company's foreclosure sale date			29-Jan-14
Claim for un-reimbursed costs and accrued interest						4,700,000
FM Bayberry Cove Holding, LLC [Member] \| Minimum [Member]
Loss Contingencies [Line Items]
Claim for un-reimbursed costs and accrued interest			$4,600,000

Commitments_and_Contingencies_3

Commitments and Contingencies - Summary of Minimum Future Rentals Receipts under Non-Cancelable Operating Leases (Detail) (USD $)	Dec. 31, 2014
Commitments and Contingencies Disclosure [Abstract]
2015	$15,166,617
2016	14,913,721
2017	13,080,929
2018	12,952,643
2019	12,368,304
2020 and thereafter (cumulative)	68,697,963
Total	$137,180,177

Business_Segment_Data_Addition

Business Segment Data - Additional Information (Detail)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
	Commercial_Loan
	Segment
Segment Reporting Information [Line Items]
Number of operating segment	4
Income property operation percent of identifiable asset	68.60%	67.10%
Income property operation percent of consolidated revenue	42.10%	49.60%	52.10%
Number of commercial loan investments	5
Golf operation description	Our golf operations consist of a single property located in the City of Daytona Beach, with two 18-hole championship golf courses
Commercial Mortgage Loan [Member] \| Atlanta [Member]
Segment Reporting Information [Line Items]
Number of commercial mortgage loan investment collateralized by a hotel property	1
Mezzanine Loan [Member] \| Atlanta [Member]
Segment Reporting Information [Line Items]
Number of commercial mortgage loan investment collateralized by a hotel property	1

Business_Segment_Data_Summary_

Business Segment Data - Summary of Operations in Different Segments (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Segment Reporting Information [Line Items]
Revenues	$35,519,723	$25,837,844	$16,232,970
Operating Income (Loss)	12,592,506	6,279,377	863,901
Identifiable Assets	275,922,755	226,183,680	184,696,900
Depreciation and Amortization	3,490,485	2,885,317	2,010,505
Capital Expenditures	74,334,247	58,447,040	26,395,624
Income Properties [Member]
Segment Reporting Information [Line Items]
Revenues	14,969,647	12,828,214	8,463,082
Operating Income (Loss)	13,015,113	11,494,240	7,786,986
Identifiable Assets	189,417,882	151,682,578	130,726,326
Depreciation and Amortization	3,210,028	2,650,310	1,742,589
Capital Expenditures	43,766,003	40,418,981	25,945,926
Commercial Loan Investments [Member]
Segment Reporting Information [Line Items]
Revenues	2,190,924	1,712,913
Operating Income (Loss)	2,190,924	1,712,913
Identifiable Assets	30,274,302	18,887,979
Capital Expenditures	30,208,075	17,658,204
Real Estate [Member]
Segment Reporting Information [Line Items]
Revenues	12,955,820	5,945,510	3,098,840
Operating Income (Loss)	8,630,445	2,291,609	2,393,778
Identifiable Assets	28,968,000	29,929,179	34,161,944
Golf Operations [Member]
Segment Reporting Information [Line Items]
Revenues	5,125,501	5,074,898	4,506,069
Operating Income (Loss)	-405,242	-412,177	-887,564
Identifiable Assets	3,639,903	3,269,212	3,230,225
Depreciation and Amortization	241,134	205,097	173,110
Capital Expenditures	219,199	223,690	343,969
Agriculture and Other Income [Member]
Segment Reporting Information [Line Items]
Revenues	277,831	276,309	164,979
Operating Income (Loss)	88,527	127,949	-33,855
Identifiable Assets	23,622,668	22,414,732	16,578,405
Depreciation and Amortization	39,323	29,910	94,806
Capital Expenditures	140,970	146,165	105,729
General and Corporate Expense [Member]
Segment Reporting Information [Line Items]
Operating Income (Loss)	($10,927,261)	($8,935,157)	($8,395,444)

Schedule_III_Real_Estate_and_A

Schedule III - Real Estate and Accumulated Depreciation (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012
Cost:
Balance at End of Year	$209,294,277
Accumulated Depreciation:
Balance at End of Year	14,073,096
Encumbrances	60,400,000
Land	91,356,197
Building & Improvements	103,421,427
Improvements	13,845,807
Carrying Costs	670,846
Land	105,872,850
Buildings	103,421,427
Total	209,294,277
Depreciation	14,073,096
Real Estate [Member]
Cost:
Balance at Beginning of Year	170,194,285	151,226,811	134,561,058
Additions and Improvements	42,908,366	36,607,950	24,552,841
Adjust to Fair Value	0	0	0
Cost of Real Estate Sold	-3,808,374	-17,640,476	-7,887,088
Balance at End of Year	209,294,277	170,194,285	151,226,811
Accumulated Depreciation:
Balance at Beginning of Year	11,986,949	11,135,501	10,089,354
Depreciation and Amortization	2,441,593	2,066,386	1,539,990
Depreciation on Real Estate Sold	-355,446	-1,214,938	-493,843
Balance at End of Year	14,073,096	11,986,949	11,135,501
Total	209,294,277	170,194,285	151,226,811
Depreciation	14,073,096	11,986,949	11,135,501
American Signature Furniture, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	4,948,839
Accumulated Depreciation:
Balance at End of Year	28,879
Land	2,176,461
Building & Improvements	2,772,378
Land	2,176,461
Buildings	2,772,378
Total	4,948,839
Depreciation	28,879
Acquired	17-Jul-14
Life	40 years
Bank of America, Garden Grove, CA [Member]
Cost:
Balance at End of Year	3,199,978
Accumulated Depreciation:
Balance at End of Year	75,757
Encumbrances	1,840,985
Land	1,745,447
Building & Improvements	1,454,531
Land	1,745,447
Buildings	1,454,531
Total	3,199,978
Depreciation	75,757
Acquired	13-Dec-12
Life	40 years
Bank of America, La Habra, CA [Member]
Cost:
Balance at End of Year	2,149,906
Accumulated Depreciation:
Balance at End of Year	78,808
Encumbrances	1,236,866
Land	571,573
Building & Improvements	1,578,333
Land	571,573
Buildings	1,578,333
Total	2,149,906
Depreciation	78,808
Acquired	13-Dec-12
Life	40 years
Bank of America, Laguna, CA [Member]
Accumulated Depreciation:
Encumbrances	1,657,646
Land	1,231,328
Building & Improvements	1,649,972
Bank of America, Los Alamitos, CA [Member]
Cost:
Balance at End of Year	1,603,992
Accumulated Depreciation:
Balance at End of Year	41,601
Encumbrances	922,796
Land	771,976
Building & Improvements	832,016
Land	771,976
Buildings	832,016
Total	1,603,992
Depreciation	41,601
Acquired	13-Dec-12
Life	40 years
Bank of America, Puerta Real Mission Viejo, CA [Member]
Accumulated Depreciation:
Encumbrances	734,920
Land	523,539
Building & Improvements	753,890
Bank of America, Trabuco Mission Viejo, CA [Member]
Accumulated Depreciation:
Encumbrances	1,115,623
Land	544,713
Building & Improvements	1,394,450
Bank of America, Walnut, CA [Member]
Cost:
Balance at End of Year	2,257,160
Accumulated Depreciation:
Balance at End of Year	60,706
Encumbrances	1,298,571
Land	1,043,050
Building & Improvements	1,214,110
Land	1,043,050
Buildings	1,214,110
Total	2,257,160
Depreciation	60,706
Acquired	3-Jan-13
Life	40 years
Bank of America, Westminster, CA [Member]
Cost:
Balance at End of Year	3,032,382
Accumulated Depreciation:
Balance at End of Year	56,327
Encumbrances	1,744,565
Land	1,950,902
Building & Improvements	1,081,480
Land	1,950,902
Buildings	1,081,480
Total	3,032,382
Depreciation	56,327
Acquired	3-Jan-13
Life	40 years
Bank of America, Yorba Linda, CA [Member]
Cost:
Balance at End of Year	1,743,707
Accumulated Depreciation:
Balance at End of Year	25,014
Encumbrances	1,003,175
Land	1,245,514
Building & Improvements	498,193
Land	1,245,514
Buildings	498,193
Total	1,743,707
Depreciation	25,014
Acquired	3-Jan-13
Life	40 years
Barnes & Noble, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	5,601,600
Accumulated Depreciation:
Balance at End of Year	1,331,050
Land	1,798,600
Building & Improvements	3,803,000
Land	1,798,600
Buildings	3,803,000
Total	5,601,600
Depreciation	1,331,050
Acquired	15-Dec-05
Life	40 years
Best Buy, McDonough, GA [Member]
Cost:
Balance at End of Year	5,772,682
Accumulated Depreciation:
Balance at End of Year	675,938
Land	2,622,682
Building & Improvements	3,150,000
Land	2,622,682
Buildings	3,150,000
Total	5,772,682
Depreciation	675,938
Acquired	15-Jun-06
Life	40 years
Big Lots, Germantown, MD [Member]
Cost:
Balance at End of Year	4,733,149
Accumulated Depreciation:
Balance at End of Year	98,374
Encumbrances	3,300,000
Land	1,781,918
Building & Improvements	2,951,231
Land	1,781,918
Buildings	2,951,231
Total	4,733,149
Depreciation	98,374
Acquired	13-Sep-13
Life	40 years
Big Lots, Phoenix, AZ [Member]
Cost:
Balance at End of Year	4,765,881
Accumulated Depreciation:
Balance at End of Year	146,154
Encumbrances	3,400,000
Land	1,715,717
Building & Improvements	3,050,164
Land	1,715,717
Buildings	3,050,164
Total	4,765,881
Depreciation	146,154
Acquired	23-Jan-13
Life	40 years
Buffalo Wild Wings, Phoenix, AZ [Member]
Cost:
Balance at End of Year	1,716,834
Accumulated Depreciation:
Encumbrances	987,715
Land	1,716,834
Land	1,716,834
Total	1,716,834
Acquired	30-Sep-12
CVS, Clermont, FL [Member]
Cost:
Balance at End of Year	2,946,808
Accumulated Depreciation:
Balance at End of Year	440,620
Land	1,493,985
Building & Improvements	1,452,823
Land	1,493,985
Buildings	1,452,823
Total	2,946,808
Depreciation	440,620
Acquired	22-Nov-02
Life	40 years
CVS, Melbourne, FL [Member]
Cost:
Balance at End of Year	2,486,974
Accumulated Depreciation:
Balance at End of Year	271,926
Land	1,567,788
Building & Improvements	919,186
Land	1,567,788
Buildings	919,186
Total	2,486,974
Depreciation	271,926
Acquired	5-Mar-03
Life	40 years
CVS, Sanford, FL [Member]
Cost:
Balance at End of Year	3,455,847
Accumulated Depreciation:
Balance at End of Year	622,346
Land	1,565,176
Building & Improvements	1,890,671
Land	1,565,176
Buildings	1,890,671
Total	3,455,847
Depreciation	622,346
Acquired	15-Nov-01
Life	40 years
CVS, Sanford, FL [Member]
Cost:
Balance at End of Year	3,621,319
Accumulated Depreciation:
Balance at End of Year	352,025
Land	2,345,694
Building & Improvements	1,275,625
Land	2,345,694
Buildings	1,275,625
Total	3,621,319
Depreciation	352,025
Acquired	17-Sep-03
Life	40 years
CVS, Sebastian, FL [Member]
Cost:
Balance at End of Year	3,494,704
Accumulated Depreciation:
Balance at End of Year	344,596
Land	2,205,709
Building & Improvements	1,288,995
Land	2,205,709
Buildings	1,288,995
Total	3,494,704
Depreciation	344,596
Acquired	23-Apr-04
Life	40 years
CVS, Sebring, FL [Member]
Cost:
Balance at End of Year	3,035,031
Accumulated Depreciation:
Balance at End of Year	513,179
Land	1,312,472
Building & Improvements	1,722,559
Land	1,312,472
Buildings	1,722,559
Total	3,035,031
Depreciation	513,179
Acquired	4-Feb-03
Life	40 years
CVS, Tallahassee, FL [Member]
Cost:
Balance at End of Year	3,671,678
Accumulated Depreciation:
Balance at End of Year	621,155
Encumbrances	2,112,360
Land	590,800
Building & Improvements	1,595,000
Improvements	1,485,878
Land	2,076,678
Buildings	1,595,000
Total	3,671,678
Depreciation	621,155
Acquired	13-Dec-00
Life	40 years
CVS, Vero Beach, FL [Member]
Cost:
Balance at End of Year	4,425,896
Accumulated Depreciation:
Balance at End of Year	314,390
Land	3,113,661
Building & Improvements	1,312,235
Land	3,113,661
Buildings	1,312,235
Total	4,425,896
Depreciation	314,390
Acquired	2-Jun-05
Life	40 years
Dick's Sporting Goods, McDonough, GA [Member]
Cost:
Balance at End of Year	8,659,022
Accumulated Depreciation:
Balance at End of Year	1,013,906
Land	3,934,022
Building & Improvements	4,725,000
Land	3,934,022
Buildings	4,725,000
Total	8,659,022
Depreciation	1,013,906
Acquired	15-Jun-06
Life	40 years
Harris Teeter Supermarket, Charlotte, NC [Member]
Cost:
Balance at End of Year	9,011,175
Accumulated Depreciation:
Balance at End of Year	575,326
Encumbrances	6,600,000
Land	5,601,837
Building & Improvements	3,409,338
Land	5,601,837
Buildings	3,409,338
Total	9,011,175
Depreciation	575,326
Acquired	17-Apr-08
Life	40 years
Hilton Resorts Corporation (Office), Orlando, FL One [Member]
Cost:
Balance at End of Year	9,401,623
Accumulated Depreciation:
Balance at End of Year	311,822
Encumbrances	5,252,926
Land	2,810,942
Building & Improvements	6,590,681
Land	2,810,942
Buildings	6,590,681
Total	9,401,623
Depreciation	311,822
Acquired	30-Jan-13
Life	40 years
Hilton Resorts Corporation (Office), Orlando, FL Two [Member]
Cost:
Balance at End of Year	3,663,828
Accumulated Depreciation:
Balance at End of Year	121,517
Encumbrances	2,047,074
Land	1,210,138
Building & Improvements	2,453,690
Land	1,210,138
Buildings	2,453,690
Total	3,663,828
Depreciation	121,517
Acquired	30-Jan-13
Life	40 years
JPMorgan Chase Bank, Chicago, IL [Member]
Cost:
Balance at End of Year	3,528,492
Accumulated Depreciation:
Encumbrances	2,029,983
Land	3,528,492
Land	3,528,492
Total	3,528,492
Acquired	30-Nov-12
Lowe's Corporation, Katy, TX [Member]
Cost:
Balance at End of Year	13,948,518
Accumulated Depreciation:
Balance at End of Year	151,013
Encumbrances	8,500,000
Land	4,887,732
Building & Improvements	9,060,786
Land	4,887,732
Buildings	9,060,786
Total	13,948,518
Depreciation	151,013
Acquired	22-Apr-14
Life	40 years
Lowe's Corporation, Lexington, NC [Member]
Cost:
Balance at End of Year	9,597,520
Accumulated Depreciation:
Balance at End of Year	1,127,743
Land	5,048,640
Building & Improvements	4,548,880
Land	5,048,640
Buildings	4,548,880
Total	9,597,520
Depreciation	1,127,743
Acquired	20-Jan-05
Life	40 years
PNC Bank, Altamonte Springs, FL [Member]
Cost:
Balance at End of Year	3,846,463
Accumulated Depreciation:
Balance at End of Year	99,316
Land	3,435,502
Building & Improvements	410,961
Land	3,435,502
Buildings	410,961
Total	3,846,463
Depreciation	99,316
Acquired	25-May-05
Life	40 years
Rite Aid, Renton, WA [Member]
Cost:
Balance at End of Year	6,184,650
Accumulated Depreciation:
Balance at End of Year	146,923
Encumbrances	4,700,000
Land	2,036,235
Building & Improvements	4,148,415
Land	2,036,235
Buildings	4,148,415
Total	6,184,650
Depreciation	146,923
Acquired	25-Jul-13
Life	40 years
The Grove at Winter Park, Winter Park, FL [Member]
Cost:
Balance at End of Year	3,100,000
Accumulated Depreciation:
Land	1,240,000
Building & Improvements	1,860,000
Land	1,240,000
Buildings	1,860,000
Total	3,100,000
Acquired	30-Dec-14
Life	40 years
Walgreens, Alpharetta, GA [Member]
Cost:
Balance at End of Year	4,671,783
Accumulated Depreciation:
Balance at End of Year	377,905
Land	3,265,623
Building & Improvements	1,406,160
Land	3,265,623
Buildings	1,406,160
Total	4,671,783
Depreciation	377,905
Acquired	31-Mar-04
Life	40 years
Walgreens, Boulder, CO [Member]
Cost:
Balance at End of Year	6,890,120
Accumulated Depreciation:
Balance at End of Year	234,794
Encumbrances	3,963,967
Land	3,474,934
Building & Improvements	3,415,186
Land	3,474,934
Buildings	3,415,186
Total	6,890,120
Depreciation	234,794
Acquired	11-Apr-12
Life	40 years
Walgreens, Clermont, FL [Member]
Cost:
Balance at End of Year	4,291,114
Accumulated Depreciation:
Balance at End of Year	335,875
Encumbrances	3,500,000
Land	3,021,665
Building & Improvements	1,269,449
Land	3,021,665
Buildings	1,269,449
Total	4,291,114
Depreciation	335,875
Acquired	27-May-04
Life	40 years
Walgreens, Palm Bay, FL [Member]
Cost:
Balance at End of Year	4,260,000
Accumulated Depreciation:
Balance at End of Year	1,072,187
Encumbrances	2,450,828
Land	1,102,640
Building & Improvements	3,157,360
Land	1,102,640
Buildings	3,157,360
Total	4,260,000
Depreciation	1,072,187
Acquired	12-Feb-03
Life	40 years
Whole Foods Market Centre, Sarasota, FL [Member]
Cost:
Balance at End of Year	18,233,787
Accumulated Depreciation:
Balance at End of Year	74,377
Land	6,335,437
Building & Improvements	11,900,350
Land	6,335,437
Buildings	11,900,350
Total	18,233,787
Depreciation	74,377
Acquired	7-Oct-14
Life	40 years
Mason Commerce Center-Bldg. 1, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	1,946,160
Accumulated Depreciation:
Balance at End of Year	544,571
Land	66,304
Building & Improvements	1,277,027
Improvements	602,829
Land	669,133
Buildings	1,277,027
Total	1,946,160
Depreciation	544,571
Construction	1-Sep-08
Life	40 years
Mason Commerce Center-Bldg. 2, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	2,241,929
Accumulated Depreciation:
Balance at End of Year	521,228
Land	66,304
Building & Improvements	1,277,027
Improvements	898,598
Land	964,902
Buildings	1,277,027
Total	2,241,929
Depreciation	521,228
Construction	1-Sep-08
Life	40 years
Williamson Business Park-Bldg. 1, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	1,313,749
Accumulated Depreciation:
Balance at End of Year	25,445
Land	110,509
Building & Improvements	1,008,784
Improvements	194,456
Land	304,965
Buildings	1,008,784
Total	1,313,749
Depreciation	25,445
Construction	1-May-14
Life	40 years
Williamson Business Park-Bldg. 2, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	1,109,979
Accumulated Depreciation:
Balance at End of Year	16,655
Land	110,509
Building & Improvements	999,320
Improvements	150
Land	110,659
Buildings	999,320
Total	1,109,979
Depreciation	16,655
Construction	1-May-14
Life	40 years
Concierge Office Building, Daytona Beach, FL [Member]
Cost:
Balance at End of Year	3,313,541
Accumulated Depreciation:
Balance at End of Year	574,767
Land	293,872
Building & Improvements	2,862,171
Improvements	157,497
Land	451,369
Buildings	2,862,171
Total	3,313,541
Depreciation	574,767
Construction	1-Jul-09
Life	40 years
Land, Timber, and Subsurface Interests [Member]
Cost:
Balance at End of Year	15,316,566
Accumulated Depreciation:
Balance at End of Year	451,052
Land	4,139,321
Improvements	10,506,399
Carrying Costs	670,846
Land	15,316,566
Total	15,316,566
Depreciation	451,052
Bank of America, Laguna Beach, CA [Member]
Cost:
Balance at End of Year	2,881,300
Accumulated Depreciation:
Balance at End of Year	85,936
Land	1,231,328
Buildings	1,649,972
Total	2,881,300
Depreciation	85,936
Acquired	13-Dec-12
Life	40 years
Bank of America, Mission Viejo, CA (Puerta Real) [Member]
Cost:
Balance at End of Year	1,277,429
Accumulated Depreciation:
Balance at End of Year	39,265
Land	523,539
Buildings	753,890
Total	1,277,429
Depreciation	39,265
Acquired	13-Dec-12
Life	40 years
Bank of America, Mission Viejo, CA (Trabuco) [Member]
Cost:
Balance at End of Year	1,939,163
Accumulated Depreciation:
Balance at End of Year	72,628
Land	544,713
Buildings	1,394,450
Total	1,939,163
Depreciation	$72,628
Acquired	3-Jan-13
Life	40 years

Schedule_III_Real_Estate_and_A1

Schedule III - Real Estate and Accumulated Depreciation (Parenthetical) (Detail) (USD $)	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Reconciliation to Consolidated Balance Sheet at December 31, 2014
Income Properties, Land, Buildings, and Improvements	$193,977,711	$154,902,374
Total	209,294,277
Real Estate [Member]
Reconciliation to Consolidated Balance Sheet at December 31, 2014
Land, Timber, and Subsurface Interests	15,316,566
Income Properties, Land, Buildings, and Improvements	193,977,711
Land Timber Subsurface Interests and Income Properties	209,294,277
Cost Basis of Assets Classified as Held for Sale on Balance Sheet	0
Total	$209,294,277	$170,194,285	$151,226,811	$134,561,058

Schedule_IV_Mortgage_Loans_on_

Schedule IV - Mortgage Loans on Real Estate (Detail) (USD $)	12 Months Ended
	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2011
Mortgage Loans on Real Estate [Line Items]
Prior Liens	$0
Face Amount of Mortgages	30,266,498
Carrying Amounts of Mortgages	30,208,074
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Balance at Beginning of Year	18,845,053
New Mortgage Loans	30,266,498	17,506,500
Loan Fees Paid	6,858	90,516
Accretion of Discount	649,658	1,403,842
Accretion of Origination Fees	30,326
Collection of Principal	-19,465,000	-95,000
Collection of Origination Fees	-88,750
Amortization of Fees	-36,569	-60,805
Balance at End of Year	30,208,074	18,845,053
Mezzanine Mortgage Loans [Member] \| Hotel [Member] \| Atlanta, GA [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate	12.00%
Final Maturity Date	Feb-19
Periodic Payment Terms	Principal payable in full at maturity
Prior Liens	0
Face Amount of Mortgages	5,000,000
Carrying Amounts of Mortgages	5,000,000
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Mezzanine Mortgage Loans [Member] \| Hotel [Member] \| Dallas, TX [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate Description	30-day LIBOR plus 7.25%
Interest Rate	7.25%
Final Maturity Date	Sep-19
Periodic Payment Terms	Principal payable in full at maturity
Prior Liens	0
Face Amount of Mortgages	10,000,000
Carrying Amounts of Mortgages	10,000,000
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Junior Mortgage Loan [Member] \| Retail Shopping Center [Member] \| Sarasota, FL [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate Description	30-day LIBOR plus 7.25%
Interest Rate	7.25%
Final Maturity Date	Jun-18
Periodic Payment Terms	Principal payable in full at maturity
Prior Liens	0
Face Amount of Mortgages	8,960,467
Carrying Amounts of Mortgages	8,960,467
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
Construction Loan [Member] \| Container Store [Member] \| Glendale, AZ [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate	6.00%
Final Maturity Date	May-16
Periodic Payment Terms	Principal payable in full at maturity
Prior Liens	0
Face Amount of Mortgages	5,306,031
Carrying Amounts of Mortgages	5,247,607
Principal Amount of Loans Subject to Delinquent Principal or Interest	0
First Mortgage [Member] \| Real Estate [Member] \| Ormond Beach, FL [Member]
Mortgage Loans on Real Estate [Line Items]
Interest Rate Description	30-day LIBOR plus 7.25%
Interest Rate	7.25%
Final Maturity Date	Nov-16
Periodic Payment Terms	Principal payable in full at maturity
Prior Liens	0
Face Amount of Mortgages	1,000,000
Carrying Amounts of Mortgages	1,000,000
Principal Amount of Loans Subject to Delinquent Principal or Interest	$0