Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Total revenues $ 61,135,000 $ 53,952,000
Operating costs    
Operating expenses 54,367,000 47,723,000
Cost of sales - food and beverages 3,655,000 2,698,000
General and administrative expense 9,818,000 11,619,000
Depreciation and amortization 6,794,000 4,924,000
Pre-opening costs 552,000 1,179,000
Impairment and other losses 792,000 4,088,000
Total operating costs 75,978,000 72,231,000
Operating loss (14,843,000) (18,279,000)
Other income (expenses)    
Interest and investment income 130,000 344,000
Interest expense, net (2,745,000) (2,153,000)
Other income, net 367,000 5,488,000
Total other income (expenses) (2,248,000) 3,679,000
Loss before income tax (17,091,000) (14,600,000)
Income tax expense 271,000 0
Net Loss (17,362,000) (14,600,000)
Preferred dividends (1,395,000) (1,395,000)
Loss Applicable to Common Stockholders $ (18,757,000) $ (15,995,000)
Loss Applicable to Common Stock, per share    
Basic (in dollars per share) $ (0.28) $ (0.24)
Diluted (in dollars per share) $ (0.28) $ (0.24)
Weighted Average Number of Shares of Common Stock Outstanding    
Basic (in shares) 67,069,534 67,027,104
Diluted (in shares) 67,069,534 67,027,104
Golf operations    
Revenues    
Total revenues $ 48,625,000 $ 44,706,000
Food and beverages    
Revenues    
Total revenues $ 12,510,000 $ 9,246,000