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Statements of Cash Flows (USD $)
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12 Months Ended | ||
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Dec. 31, 2014
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Dec. 31, 2013
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Dec. 31, 2012
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| Cash flows from operating activities: | |||
| Net income | $ 34,765,020us-gaap_NetIncomeLoss | $ 27,218,508us-gaap_NetIncomeLoss | $ 19,647,818us-gaap_NetIncomeLoss |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Deferred taxes | (1,380,735)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (600,621)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes | (679,207)us-gaap_IncreaseDecreaseInDeferredIncomeTaxes |
| Depreciation and amortization | 19,730us-gaap_DepreciationDepletionAndAmortization | 16,286us-gaap_DepreciationDepletionAndAmortization | 16,504us-gaap_DepreciationDepletionAndAmortization |
| Loss on disposal of fixed assets | 5,083us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 2,795us-gaap_GainLossOnSaleOfPropertyPlantEquipment | 2,470us-gaap_GainLossOnSaleOfPropertyPlantEquipment |
| Changes in operating assets and liabilities: | |||
| Accrued receivables and other assets | 689,129us-gaap_IncreaseDecreaseInReceivables | (1,240,703)us-gaap_IncreaseDecreaseInReceivables | 92,408us-gaap_IncreaseDecreaseInReceivables |
| Income taxes payable | 52,258us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | 113,800us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable | (1,139,325)us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable |
| Prepaid income taxes | (815,937)us-gaap_IncreaseDecreaseInPrepaidTaxes | 416,882us-gaap_IncreaseDecreaseInPrepaidTaxes | (416,882)us-gaap_IncreaseDecreaseInPrepaidTaxes |
| Notes receivable for land sales | 2,964,791us-gaap_IncreaseDecreaseInNotesReceivables | 4,483,078us-gaap_IncreaseDecreaseInNotesReceivables | 1,983,119us-gaap_IncreaseDecreaseInNotesReceivables |
| Accounts payable, accrued expenses and other liabilities | 2,553,084us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | (344,671)us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities | 404,585us-gaap_IncreaseDecreaseInAccountsPayableAndAccruedLiabilities |
| Net cash provided by operating activities | 38,852,423us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 30,065,354us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations | 19,911,490us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations |
| Cash flows from investing activities: | |||
| Proceeds from sale of fixed assets | 21,000us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 20,500us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment | 13,500us-gaap_ProceedsFromSaleOfPropertyPlantAndEquipment |
| Purchase of fixed assets | (53,788)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (54,610)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment | (50,405)us-gaap_PaymentsToAcquirePropertyPlantAndEquipment |
| Net cash used in investing activities | (32,788)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (34,110)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations | (36,905)us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations |
| Cash flows from financing activities: | |||
| Purchase of Sub-share Certificates in Certificates of Proprietary Interest | (22,963,786)us-gaap_StockRepurchasedDuringPeriodValue | (25,216,940)us-gaap_StockRepurchasedDuringPeriodValue | (20,183,747)us-gaap_StockRepurchasedDuringPeriodValue |
| Dividends paid | (2,280,301)us-gaap_PaymentsOfDividends | (4,295,509)us-gaap_PaymentsOfDividends | |
| Net cash used in financing activities | (25,244,087)us-gaap_NetCashProvidedByUsedInFinancingActivities | (25,216,940)us-gaap_NetCashProvidedByUsedInFinancingActivities | (24,479,256)us-gaap_NetCashProvidedByUsedInFinancingActivities |
| Net increase (decrease) in cash and cash equivalents | 13,575,548us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | 4,814,304us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease | (4,604,671)us-gaap_CashAndCashEquivalentsPeriodIncreaseDecrease |
| Cash and cash equivalents, beginning of period | 13,239,211us-gaap_CashAndCashEquivalentsAtCarryingValue | 8,424,907us-gaap_CashAndCashEquivalentsAtCarryingValue | 13,029,578us-gaap_CashAndCashEquivalentsAtCarryingValue |
| Cash and cash equivalents, end of period | $ 26,814,759us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 13,239,211us-gaap_CashAndCashEquivalentsAtCarryingValue | $ 8,424,907us-gaap_CashAndCashEquivalentsAtCarryingValue |
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- Details
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- Definition
Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) in cash and cash equivalents. Cash and cash equivalents are the amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Includes effect from exchange rate changes. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The aggregate expense recognized in the current period that allocates the cost of tangible assets, intangible assets, or depleting assets to periods that benefit from use of the assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of gain (loss) on sale or disposal of property, plant and equipment assets, including oil and gas property and timber property. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the amounts payable to vendors for goods and services received and the amount of obligations and expenses incurred but not paid. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period in the account that represents the temporary difference that results from Income or Loss that is recognized for accounting purposes but not for tax purposes and vice versa. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
The increase (decrease) during the reporting period of the amounts due from borrowers for outstanding secured or unsecured loans evidenced by a note. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of increase (decrease) of consideration paid in advance for income and other taxes that provide economic benefits in future periods. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The increase (decrease) during the reporting period in the total amount due within one year (or one operating cycle) from all parties, associated with underlying transactions that are classified as operating activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Details
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| X | ||||||||||
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- Definition
Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
Cash outflow in the form of capital distributions and dividends to common shareholders, preferred shareholders and noncontrolling interests. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash outflow associated with the acquisition of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale; includes cash outflows to pay for construction of self-constructed assets. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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- Definition
The cash inflow from the sale of long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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| X | ||||||||||
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- Definition
Equity impact of the value of stock that has been repurchased during the period and has not been retired and is not held in treasury. Some state laws may mandate the circumstances under which an entity may acquire its own stock and prescribe the accounting treatment therefore. This element is used when state law does not recognize treasury stock. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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