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 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Revenues [Abstract]                  
Total revenues $ 88,674     $ 76,366     $ 244,344 $ 211,337  
Operating costs                  
Operating expenses 70,026     60,729     190,638 165,234  
Cost of sales - food and beverages 4,985     3,696     14,134 8,951  
General and administrative expense 8,572     9,225     29,190 24,864  
General and administrative expense - acquisition and transaction expenses       460       833  
Depreciation and amortization 6,819     5,823     19,144 17,852  
Pre-opening costs 2,145     2,030     4,830 3,375  
(Gain) loss on lease terminations and impairment 1,318     324     16,350 2,972  
Total operating costs 93,865     82,287     274,286 224,081  
Operating income (loss) (5,191)     (5,921)     (29,942) (12,744)  
Other income (expenses)                  
Interest and investment income 220     190     636 502  
Interest expense (2,608)     (2,623)     (8,802) (8,042)  
Capitalized interest       (3)       78  
Other income (loss), net 920     107     4,559 29  
Total other income (expenses) (1,468)     (2,329)     (3,607) (7,433)  
Income tax expense 472     616     2,061 1,562  
Net income (loss) (7,131) $ (9,567) $ (18,913) (8,866) $ (1,969) $ (10,904) (35,610) (21,739)  
Less: net income (loss) attributable to NCI 21     (15)     (60) (15)  
Net loss attributable to the company (7,152)     (8,851)     (35,550) (21,724)  
Preferred dividends (1,395)     (1,395)     (4,185) (4,185)  
Net income (loss) applicable to common stockholders (8,547)     (10,246)     (39,735) (25,909)  
Total assets 455,691     484,476     455,691 484,476 $ 482,790
Total liabilities 468,355     443,661     468,355 443,661 452,935
Preferred stock 61,583     61,583     61,583 61,583 61,583
Noncontrolling interest 2,769     1,026     2,769 1,026 $ 1,456
Equity (loss) attributable to common stockholders (77,016)     (21,794)     (77,016) (21,794)  
Additions to property and equipment (including finance leases)             11,210 23,662  
Severance expenses 400     100     800 200  
Accretion of membership deposit liabilities 2,400     2,000     7,300 6,200  
Golf operations                  
Revenues [Abstract]                  
Total revenues 70,872     62,257     193,732 177,170  
Sales of food and beverages                  
Revenues [Abstract]                  
Total revenues 17,802     14,109     50,612 34,167  
Operating Segments | Entertainment Golf                  
Revenues [Abstract]                  
Total revenues 16,684     11,309     46,574 31,121  
Operating costs                  
Operating expenses 10,183     6,718     26,968 17,397  
Cost of sales - food and beverages 1,916     1,453     6,360 3,982  
General and administrative expense 815     3,697     5,615 8,171  
General and administrative expense - acquisition and transaction expenses       456       824  
Depreciation and amortization 3,779     3,038     10,621 8,942  
Pre-opening costs 2,145     2,030     4,830 3,374  
(Gain) loss on lease terminations and impairment 318     0     15,366 22  
Total operating costs 19,156     17,392     69,760 42,712  
Operating income (loss) (2,472)     (6,083)     (23,186) (11,591)  
Other income (expenses)                  
Interest and investment income 4     0     7 0  
Interest expense (46)     (71)     (156) (230)  
Capitalized interest       (24)       (24)  
Other income (loss), net (397)     3     (413) 3  
Total other income (expenses) (439)     (92)     (562) (251)  
Income tax expense 23     0     63 0  
Net income (loss) (2,934)     (6,175)     (23,811) (11,842)  
Less: net income (loss) attributable to NCI 0     (15)     0 (15)  
Net loss attributable to the company (2,934)     (6,160)     (23,811) (11,827)  
Preferred dividends 0     0     0 0  
Net income (loss) applicable to common stockholders (2,934)     (6,160)     (23,811) (11,827)  
Total assets 202,111     168,463     202,111 168,463  
Total liabilities 76,290     51,128     76,290 51,128  
Preferred stock 0     0     0 0  
Noncontrolling interest 3,507     1,026     3,507 1,026  
Equity (loss) attributable to common stockholders 122,314     116,309     122,314 116,309  
Additions to property and equipment (including finance leases)             5,927 17,810  
Operating Segments | Entertainment Golf | Golf operations                  
Revenues [Abstract]                  
Total revenues 9,067     5,239     22,892 13,976  
Operating Segments | Entertainment Golf | Sales of food and beverages                  
Revenues [Abstract]                  
Total revenues 7,617     6,070     23,682 17,145  
Operating Segments | Traditional Golf                  
Revenues [Abstract]                  
Total revenues 71,793     65,057     197,182 180,216  
Operating costs                  
Operating expenses 59,752     53,998     163,535 147,822  
Cost of sales - food and beverages 3,069     2,248     7,774 4,974  
General and administrative expense 2,463     2,628     9,280 7,700  
General and administrative expense - acquisition and transaction expenses       0       0  
Depreciation and amortization 2,916     2,851     8,189 8,854  
Pre-opening costs 0     0     0 0  
(Gain) loss on lease terminations and impairment 1,000     324     984 (237)  
Total operating costs 69,200     62,049     189,762 169,113  
Operating income (loss) 2,593     3,008     7,420 11,103  
Other income (expenses)                  
Interest and investment income 11     19     52 55  
Interest expense (2,549)     (2,229)     (7,876) (6,848)  
Capitalized interest       9       37  
Other income (loss), net 481     60     4,071 (115)  
Total other income (expenses) (2,057)     (2,141)     (3,753) (6,871)  
Income tax expense 0     0     2 0  
Net income (loss) 536     867     3,665 4,232  
Less: net income (loss) attributable to NCI 0     0     0 0  
Net loss attributable to the company 536     867     3,665 4,232  
Preferred dividends 0     0     0 0  
Net income (loss) applicable to common stockholders 536     867     3,665 4,232  
Total assets 250,187     254,878     250,187 254,878  
Total liabilities 326,093     329,173     326,093 329,173  
Preferred stock 0     0     0 0  
Noncontrolling interest 0     0     0 0  
Equity (loss) attributable to common stockholders (75,906)     (74,295)     (75,906) (74,295)  
Additions to property and equipment (including finance leases)             3,976 5,477  
Operating Segments | Traditional Golf | Golf operations                  
Revenues [Abstract]                  
Total revenues 61,608     57,018     170,252 163,194  
Operating Segments | Traditional Golf | Sales of food and beverages                  
Revenues [Abstract]                  
Total revenues 10,185     8,039     26,930 17,022  
Operating Segments | Corporate                  
Revenues [Abstract]                  
Total revenues 197     0     588 0  
Operating costs                  
Operating expenses 91     13     135 15  
Cost of sales - food and beverages 0     (5)     0 (5)  
General and administrative expense 5,294     2,900     14,295 8,993  
General and administrative expense - acquisition and transaction expenses       4       9  
Depreciation and amortization 124     (66)     334 56  
Pre-opening costs 0     0     0 1  
(Gain) loss on lease terminations and impairment 0     0     0 3,187  
Total operating costs 5,509     2,846     14,764 12,256  
Operating income (loss) (5,312)     (2,846)     (14,176) (12,256)  
Other income (expenses)                  
Interest and investment income 205     171     577 447  
Interest expense (13)     (323)     (770) (964)  
Capitalized interest       12       65  
Other income (loss), net 836     44     901 141  
Total other income (expenses) 1,028     (96)     708 (311)  
Income tax expense 449     616     1,996 1,562  
Net income (loss) (4,733)     (3,558)     (15,464) (14,129)  
Less: net income (loss) attributable to NCI 21     0     (60) 0  
Net loss attributable to the company (4,754)     (3,558)     (15,404) (14,129)  
Preferred dividends (1,395)     (1,395)     (4,185) (4,185)  
Net income (loss) applicable to common stockholders (6,149)     (4,953)     (19,589) (18,314)  
Total assets 3,393     61,135     3,393 61,135  
Total liabilities 65,972     63,360     65,972 63,360  
Preferred stock 61,583     61,583     61,583 61,583  
Noncontrolling interest (738)     0     (738) 0  
Equity (loss) attributable to common stockholders (123,424)     (63,808)     (123,424) (63,808)  
Additions to property and equipment (including finance leases)             1,307 375  
Operating Segments | Corporate | Golf operations                  
Revenues [Abstract]                  
Total revenues 197     0     588 0  
Operating Segments | Corporate | Sales of food and beverages                  
Revenues [Abstract]                  
Total revenues $ 0     $ 0     $ 0 $ 0