Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Segment Reporting) (Details)

v3.19.1
SEGMENT REPORTING (Segment Reporting) (Details) - USD ($)
 3 Months Ended 12 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Revenues      
Total revenues $ 53,952,000 $ 66,660,000  
Operating costs      
Operating expenses 47,723,000 57,379,000  
Cost of sales - food and beverages 2,698,000 4,040,000  
General and administrative expense 11,220,000 7,335,000  
General and administrative expense - acquisition and transaction expenses 399,000 1,857,000  
Depreciation and amortization 4,924,000 5,548,000  
Pre-opening costs 1,179,000 1,556,000  
Impairment 4,088,000 1,473,000  
Realized and unrealized (gain) on investments 0 (242,000)  
Total operating costs 72,231,000 78,946,000  
Operating loss (18,279,000) (12,286,000)  
Other income (expenses)      
Interest and investment income 344,000 446,000  
Interest expense (2,819,000) (4,432,000)  
Capitalized interest 666,000 383,000  
Other (loss) income, net 5,488,000 (406,000) $ (406,000)
Total other income (expenses) 3,679,000 (4,009,000)  
Income tax expense 0 0  
Net Loss (14,600,000) (16,295,000)  
Preferred dividends (1,395,000) (1,395,000)  
Loss Applicable to Common Stockholders (15,995,000) (17,690,000)  
Total assets 563,991,000   401,947,000
Total liabilities 453,928,000   267,280,000
Preferred stock 61,583,000   61,583,000
Noncontrolling interest 0    
Equity attributable to common stockholders 48,480,000    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2019 30,943,000    
Rental expenses recorded under operating leases 300,000 600,000  
Equity method investment 22,956,000   $ 22,613,000
Golf operations      
Revenues      
Total revenues 44,706,000 53,554,000  
Food and beverages      
Revenues      
Total revenues 9,246,000 13,106,000  
Corporate      
Revenues      
Total revenues 0 0  
Operating costs      
Operating expenses 0 0  
Cost of sales - food and beverages 0 0  
General and administrative expense 3,944,000 2,080,000  
General and administrative expense - acquisition and transaction expenses 89,000 297,000  
Depreciation and amortization (2,000) 5,000  
Pre-opening costs 0 0  
Impairment 0 147,000  
Realized and unrealized (gain) on investments 0 0  
Total operating costs 4,031,000 2,529,000  
Operating loss (4,031,000) (2,529,000)  
Other income (expenses)      
Interest and investment income 174,000 367,000  
Interest expense (626,000) (494,000)  
Capitalized interest 478,000 0  
Other (loss) income, net 465,000 532,000  
Total other income (expenses) 491,000 405,000  
Income tax expense 0 0  
Net Loss (3,540,000) (2,124,000)  
Preferred dividends (1,395,000) (1,395,000)  
Loss Applicable to Common Stockholders (4,935,000) (3,519,000)  
Total assets 47,207,000    
Total liabilities 61,887,000    
Preferred stock 61,583,000    
Noncontrolling interest 0    
Equity attributable to common stockholders (76,263,000)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2019 800,000    
Corporate | Golf operations      
Revenues      
Total revenues 0 0  
Corporate | Food and beverages      
Revenues      
Total revenues 0 0  
Entertainment Golf | Operating Segments      
Revenues      
Total revenues 1,721,000 0  
Operating costs      
Operating expenses 1,747,000 0  
Cost of sales - food and beverages 251,000 0  
General and administrative expense 3,379,000 1,102,000  
General and administrative expense - acquisition and transaction expenses 157,000 1,253,000  
Depreciation and amortization 709,000 30,000  
Pre-opening costs 1,179,000 1,556,000  
Impairment 0 0  
Realized and unrealized (gain) on investments 0 0  
Total operating costs 7,422,000 3,941,000  
Operating loss (5,701,000) (3,941,000)  
Other income (expenses)      
Interest and investment income 132,000 28,000  
Interest expense (3,000) 0  
Capitalized interest 0 0  
Other (loss) income, net (7,000) 0  
Total other income (expenses) 122,000 28,000  
Income tax expense 0 0  
Net Loss (5,579,000) (3,913,000)  
Preferred dividends 0 0  
Loss Applicable to Common Stockholders (5,579,000) (3,913,000)  
Total assets 164,907,000    
Total liabilities 42,054,000    
Preferred stock 0    
Noncontrolling interest 0    
Equity attributable to common stockholders 122,853,000    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2019 28,037,000    
Entertainment Golf | Operating Segments | Golf operations      
Revenues      
Total revenues 681,000 0  
Entertainment Golf | Operating Segments | Food and beverages      
Revenues      
Total revenues 1,040,000 0  
Traditional Golf      
Other income (expenses)      
Accretion of membership deposit liabilities 1,900,000 1,700,000  
Traditional Golf | Operating Segments      
Revenues      
Total revenues 52,231,000 66,660,000  
Operating costs      
Operating expenses 45,976,000 57,379,000  
Cost of sales - food and beverages 2,447,000 4,040,000  
General and administrative expense 3,897,000 4,153,000  
General and administrative expense - acquisition and transaction expenses 153,000 307,000  
Depreciation and amortization 4,217,000 5,513,000  
Pre-opening costs 0 0  
Impairment 4,088,000 1,326,000  
Realized and unrealized (gain) on investments 0 (242,000)  
Total operating costs 60,778,000 72,476,000  
Operating loss (8,547,000) (5,816,000)  
Other income (expenses)      
Interest and investment income 38,000 51,000  
Interest expense (2,190,000) (3,938,000)  
Capitalized interest 188,000 383,000  
Other (loss) income, net 5,030,000 (938,000)  
Total other income (expenses) 3,066,000 (4,442,000)  
Income tax expense 0 0  
Net Loss (5,481,000) (10,258,000)  
Preferred dividends 0 0  
Loss Applicable to Common Stockholders (5,481,000) (10,258,000)  
Total assets 351,877,000    
Total liabilities 349,987,000    
Preferred stock 0    
Noncontrolling interest 0    
Equity attributable to common stockholders 1,890,000    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2019 2,106,000    
Traditional Golf | Operating Segments | Golf operations      
Revenues      
Total revenues 44,025,000 53,554,000  
Traditional Golf | Operating Segments | Food and beverages      
Revenues      
Total revenues 8,206,000 $ 13,106,000  
Corporate | Operating Segments      
Other income (expenses)      
Equity method investment $ 23,000,000