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Business Segments (Tables)
 9 Months Ended
Sep. 30, 2021
Segment Reporting [Abstract]  
Operating results and certain other financial data for the Company’s business segments

Operating results and certain other financial data for the Company’s business segments are as follows (in thousands):

 

 

                                   
      Three Months ended   Nine Months ended
      September 30,   September 30,
      2021   2020   2021   2020
  Revenues:                                

Revenues

  Asset management   $ 619       721       1,919       2,089  
Revenues  Mining royalty lands     2,249       2,507       7,198       7,094  
Revenues  Development     401       290       1,169       862  
Revenues  Stabilized Joint Venture     5,204       2,580       12,535       7,685  
Revenues       8,473       6,098       22,821       17,730  
                                   
  Operating profit (loss):                                
   Before corporate expenses:                                
Operating profit before corporate expenses    Asset management   $ 169       200       528       700  
Operating profit before corporate expenses    Mining royalty lands     2,037       2,291       6,531       6,486  
Operating profit before corporate expenses    Development     (404 )     (659 )     (1,201 )     (2,136 )
Operating profit before corporate expenses    Stabilized Joint Venture     (413 )     386       (1,357 )     1,379  
Operating profit before corporate expenses     Operating profit before corporate expenses     1,389       2,218       4,501       6,429  
   Corporate expenses:                                
Corporate expenses   Allocated to asset management     (180 )     (165 )     (682 )     (738 )
Corporate expenses   Allocated to mining royalty lands     (69 )     (53 )     (258 )     (234 )
Corporate expenses   Allocated to development     (326 )     (381 )     (1,267 )     (1,710 )
Corporate expenses   Allocated to stabilized joint venture     (82 )     (38 )     (279 )     (168 )
Corporate expenses     Total corporate expenses     (657 )     (637 )     (2,486 )     (2,850 )
Operating profit      $ 732       1,581       2,015       3,579  
                                   
  Interest expense   $ 414       46       1,785       142  
 
                                   
  Depreciation, depletion and amortization:                                
Depreciation, depletion and amortization  Asset management   $ 137       137       408       529  
Depreciation, depletion and amortization  Mining royalty lands     38       60       161       160  
Depreciation, depletion and amortization  Development     53       53       159       160  
Depreciation, depletion and amortization  Stabilized Joint Venture     3,568       1,188       8,899       3,557  
Depreciation, depletion and amortization     $ 3,796       1,438       9,627       4,406  
  Capital expenditures:                                
Capital expenditures  Asset management   $ 100       233       318       787  
Capital expenditures  Mining royalty lands     —         —         —         —    
Capital expenditures  Development     4,237       1,754       10,443       2,371  
Capital expenditures  Stabilized Joint Venture     373       46       794       42  
Capital expenditures     $ 4,710       2,033       11,555       3,200  
Identifiable net assets

        September 30,       December 31,    
  Identifiable net assets   2021       2020    
                   

Assets

 Asset management $ 11,127       11,172    
Assets Mining royalty lands   37,205       37,387    
Assets Development   185,500       196,212    
Assets Stabilized Joint Venture   268,907       130,472    
Investments available for sale Investments available for sale at fair value   4,315       75,609    
Cash Cash items   163,383       74,105    
Assets Unallocated corporate assets   8,316       11,403    
Assets   $ 678,753       536,360