Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING (Segment Reporting) (Details)

v3.20.1
SEGMENT REPORTING (Segment Reporting) (Details) - USD ($)
 3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Dec. 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 8,640,000 11,220,000  
General and administrative expense - acquisition and transaction expenses 1,178,000 399,000  
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 (2,778,000) (2,819,000)  
Capitalized interest 33,000 666,000  
Other (loss) income, net 367,000 5,488,000  
Total other income (expenses) (2,248,000) 3,679,000  
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)  
Total assets 501,423,000   $ 515,991,000
Total liabilities 453,512,000   450,416,000
Preferred stock 61,583,000   61,583,000
Equity attributable to common stockholders (13,672,000)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2020 6,537,000    
Severance expenses 700,000 400,000  
Equity method investment 24,365,000   $ 24,020,000
Golf operations      
Revenues      
Total revenues 48,625,000 44,706,000  
Food and beverages      
Revenues      
Total revenues 12,510,000 9,246,000  
Entertainment Golf      
Other income (expenses)      
Accretion of membership deposit liabilities 1,900,000 1,900,000  
Entertainment Golf | Operating Segments      
Revenues      
Total revenues 10,117,000 1,721,000  
Operating costs      
Operating expenses 8,172,000 1,747,000  
Cost of sales - food and beverages 1,610,000 251,000  
General and administrative expense 3,169,000 3,379,000  
General and administrative expense - acquisition and transaction expenses 34,000 157,000  
Depreciation and amortization 3,020,000 709,000  
Pre-opening costs 552,000 1,179,000  
Impairment and other losses 0 0  
Total operating costs 16,557,000 7,422,000  
Operating loss (6,440,000) (5,701,000)  
Other income (expenses)      
Interest and investment income 1,000 132,000  
Interest expense (105,000) (3,000)  
Capitalized interest 0 0  
Other (loss) income, net 0 (7,000)  
Total other income (expenses) (104,000) 122,000  
Income tax expense 0 0  
Net Loss (6,544,000) (5,579,000)  
Preferred dividends 0 0  
Loss Applicable to Common Stockholders (6,544,000) (5,579,000)  
Total assets 164,212,000    
Total liabilities 41,182,000    
Preferred stock 0    
Equity attributable to common stockholders 123,030,000    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2020 4,240,000    
Entertainment Golf | Operating Segments | Golf operations      
Revenues      
Total revenues 3,910,000 681,000  
Entertainment Golf | Operating Segments | Food and beverages      
Revenues      
Total revenues 6,207,000 1,040,000  
Traditional Golf | Operating Segments      
Revenues      
Total revenues 51,018,000 52,231,000  
Operating costs      
Operating expenses 46,195,000 45,976,000  
Cost of sales - food and beverages 2,045,000 2,447,000  
General and administrative expense 3,093,000 3,897,000  
General and administrative expense - acquisition and transaction expenses 122,000 153,000  
Depreciation and amortization 3,703,000 4,217,000  
Pre-opening costs 0 0  
Impairment and other losses 792,000 4,088,000  
Total operating costs 55,950,000 60,778,000  
Operating loss (4,932,000) (8,547,000)  
Other income (expenses)      
Interest and investment income 15,000 38,000  
Interest expense (2,147,000) (2,190,000)  
Capitalized interest 9,000 188,000  
Other (loss) income, net (46,000) 5,030,000  
Total other income (expenses) (2,169,000) 3,066,000  
Income tax expense 0 0  
Net Loss (7,101,000) (5,481,000)  
Preferred dividends 0 0  
Loss Applicable to Common Stockholders (7,101,000) (5,481,000)  
Total assets 299,573,000    
Total liabilities 349,105,000    
Preferred stock 0    
Equity attributable to common stockholders (49,532,000)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2020 1,894,000    
Traditional Golf | Operating Segments | Golf operations      
Revenues      
Total revenues 44,715,000 44,025,000  
Traditional Golf | Operating Segments | Food and beverages      
Revenues      
Total revenues 6,303,000 8,206,000  
Corporate | Operating Segments      
Revenues      
Total revenues 0 0  
Operating costs      
Operating expenses 0 0  
Cost of sales - food and beverages 0 0  
General and administrative expense 2,378,000 3,944,000  
General and administrative expense - acquisition and transaction expenses 1,022,000 89,000  
Depreciation and amortization 71,000 (2,000)  
Pre-opening costs 0 0  
Impairment and other losses 0 0  
Total operating costs 3,471,000 4,031,000  
Operating loss (3,471,000) (4,031,000)  
Other income (expenses)      
Interest and investment income 114,000 174,000  
Interest expense (526,000) (626,000)  
Capitalized interest 24,000 478,000  
Other (loss) income, net 413,000 465,000  
Total other income (expenses) 25,000 491,000  
Income tax expense 271,000 0  
Net Loss (3,717,000) (3,540,000)  
Preferred dividends (1,395,000) (1,395,000)  
Loss Applicable to Common Stockholders (5,112,000) (4,935,000)  
Total assets 37,638,000    
Total liabilities 63,225,000    
Preferred stock 61,583,000    
Equity attributable to common stockholders (87,170,000)    
Additions to property and equipment (including finance leases) during the three months ended March 31, 2020 403,000    
Equity method investment 24,400,000    
Corporate | Operating Segments | Golf operations      
Revenues      
Total revenues 0 0  
Corporate | Operating Segments | Food and beverages      
Revenues      
Total revenues $ 0 $ 0