Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Segment Reporting) (Details)

v3.22.2.2
SEGMENT REPORTING (Segment Reporting) (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
Revenues [Abstract]      
Total revenues $ 68,982 $ 61,091  
Operating costs      
Operating expenses 55,139 48,870  
Cost of sales - food and beverages 3,361 2,104  
General and administrative expense 9,063 7,786  
General and administrative expense - acquisition and transaction expenses   196  
Depreciation and amortization 6,193 6,245  
Pre-opening costs 747 556  
(Gain) Loss on lease terminations and impairment 12,871 3,209  
Total operating costs 87,374 68,966  
Operating income (loss) (18,392) (7,875)  
Other income (expenses)      
Interest and investment income 201 153  
Interest expense (2,646) (2,649)  
Capitalized interest   23  
Other income (loss), net 2,645 (61)  
Total other income (expenses) 200 (2,534)  
Income tax expense 721 495  
Net income (loss) (18,913) (10,904)  
Less: net income attributable to NCI 53 0  
Net loss attributable to the company (18,966) (10,904)  
Preferred dividends (1,395) (1,395)  
Net income (loss) applicable to common stockholders (20,361) (12,299)  
Total assets 479,717 499,861 $ 482,790
Total liabilities 470,903 447,479 452,935
Preferred stock 61,583 61,583 61,583
Noncontrolling interest 1,472   $ 1,456
Equity (loss) attributable to common stockholders (54,241) (9,201)  
Additions to property and equipment (including finance leases) 11,532 4,924  
Severance expenses 200 100  
Accretion of membership deposit liabilities 2,000 2,000  
Golf operations      
Revenues [Abstract]      
Total revenues 55,284 53,161  
Food and Beverage      
Revenues [Abstract]      
Total revenues 13,698 7,930  
Operating Segments | Entertainment Golf      
Revenues [Abstract]      
Total revenues 14,177 8,223  
Operating costs      
Operating expenses 8,260 5,133  
Cost of sales - food and beverages 1,743 1,085  
General and administrative expense 3,726 2,198  
General and administrative expense - acquisition and transaction expenses   192  
Depreciation and amortization 3,441 2,952  
Pre-opening costs 747 556  
(Gain) Loss on lease terminations and impairment 12,889 22  
Total operating costs 30,806 12,138  
Operating income (loss) (16,629) (3,915)  
Other income (expenses)      
Interest and investment income 1 0  
Interest expense (58) (82)  
Capitalized interest   0  
Other income (loss), net (16) 0  
Total other income (expenses) (73) (82)  
Income tax expense 31 0  
Net income (loss) (16,733) (3,997)  
Less: net income attributable to NCI 0    
Net loss attributable to the company (16,733)    
Preferred dividends 0 0  
Net income (loss) applicable to common stockholders (16,733) (3,997)  
Total assets 191,043 176,618  
Total liabilities 68,520 44,951  
Preferred stock 0 0  
Noncontrolling interest 1,852    
Equity (loss) attributable to common stockholders 120,671 131,667  
Additions to property and equipment (including finance leases) 10,459 3,789  
Operating Segments | Entertainment Golf | Golf operations      
Revenues [Abstract]      
Total revenues 6,428 3,421  
Operating Segments | Entertainment Golf | Food and Beverage      
Revenues [Abstract]      
Total revenues 7,749 4,802  
Operating Segments | Traditional Golf      
Revenues [Abstract]      
Total revenues 54,622 52,868  
Operating costs      
Operating expenses 46,815 43,737  
Cost of sales - food and beverages 1,618 1,019  
General and administrative expense 2,894 2,378  
General and administrative expense - acquisition and transaction expenses   0  
Depreciation and amortization 2,644 3,221  
Pre-opening costs 0 0  
(Gain) Loss on lease terminations and impairment (18) 0  
Total operating costs 53,953 50,355  
Operating income (loss) 669 2,513  
Other income (expenses)      
Interest and investment income 26 20  
Interest expense (2,249) (2,251)  
Capitalized interest   8  
Other income (loss), net 2,628 (114)  
Total other income (expenses) 405 (2,337)  
Income tax expense 0 0  
Net income (loss) 1,074 176  
Less: net income attributable to NCI 0    
Net loss attributable to the company 1,074    
Preferred dividends 0 0  
Net income (loss) applicable to common stockholders 1,074 176  
Total assets 258,616 261,310  
Total liabilities 337,113 339,447  
Preferred stock 0 0  
Noncontrolling interest 0    
Equity (loss) attributable to common stockholders (78,497) (78,137)  
Additions to property and equipment (including finance leases) 1,759 1,135  
Operating Segments | Traditional Golf | Golf operations      
Revenues [Abstract]      
Total revenues 48,673 49,740  
Operating Segments | Traditional Golf | Food and Beverage      
Revenues [Abstract]      
Total revenues 5,949 3,128  
Operating Segments | Corporate      
Revenues [Abstract]      
Total revenues 183 0  
Operating costs      
Operating expenses 64 0  
Cost of sales - food and beverages 0 0  
General and administrative expense 2,443 3,210  
General and administrative expense - acquisition and transaction expenses   4  
Depreciation and amortization 108 72  
Pre-opening costs 0 0  
(Gain) Loss on lease terminations and impairment 0 3,187  
Total operating costs 2,615 6,473  
Operating income (loss) (2,432) (6,473)  
Other income (expenses)      
Interest and investment income 174 133  
Interest expense (339) (316)  
Capitalized interest   15  
Other income (loss), net 33 53  
Total other income (expenses) (132) (115)  
Income tax expense 690 495  
Net income (loss) (3,254) (7,083)  
Less: net income attributable to NCI 53    
Net loss attributable to the company (3,307)    
Preferred dividends (1,395) (1,395)  
Net income (loss) applicable to common stockholders (4,702) (8,478)  
Total assets 30,058 61,933  
Total liabilities 65,270 63,081  
Preferred stock 61,583 61,583  
Noncontrolling interest (380)    
Equity (loss) attributable to common stockholders (96,415) (62,731)  
Additions to property and equipment (including finance leases) (686) 0  
Operating Segments | Corporate | Golf operations      
Revenues [Abstract]      
Total revenues 183 0  
Operating Segments | Corporate | Food and Beverage      
Revenues [Abstract]      
Total revenues $ 0 $ 0