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Leases | 9 Months Ended
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Sep. 30, 2020
Leases [Abstract] |
Leases | Leases Lease expense The Company has an operating lease, as lessee, and the Sutro Tunnel Company (a related party through the Company's 25% interest in Pelen, owner of the Sutro Tunnel Company) as lessor, for a property located adjacent to the Gold Hill Hotel, which is primarily used as a room rental. The lease runs from 2018 until 2028. The monthly rent is $750 with automatic annual increases of $25 per month every November, beginning in 2020. The operating lease is sub-leased to Crown Point Management LLC, the operators of the Gold Hill Hotel, and not separately valued within the Gold Hill Hotel lease. For the three and nine months ended September 30, 2020, the fixed operating lease expense was $2,250 and $6,750, respectively, with 8.1 years remaining on the lease. For the three and nine months ended September 30, 2019, the fixed operating lease expense was $2,250 and $6,750, respectively, with 9.1 years remaining on the lease. Supplemental information related to the Company's operating lease follows for the nine months ended:
| Nine Months Ended September 30,
| 2020 |  | 2019
Cash paid for amounts included in the measurement of lease liabilities | $ | 6,750 |  |  | $ | 6,750 |
The Company has the following lease balances recorded in the condensed consolidated balance sheets as follows:
Lease Assets and Liabilities | Classification | September 30, 2020 |  | December 31, 2019
Operating lease right-of-use asset | Other assets | $ | 52,334 |  |  | $ | 45,485 |
Operating lease liability - current | Accrued expenses and other liabilities | $ | 3,477 |  |  | $ | 9,000 |
Operating lease liability - long-term | Other liabilities | 50,779 |  |  | 36,668 |
Total operating lease liabilities |  | $ | 54,256 |  |  | $ | 45,668 |
Maturities of lease liabilities by fiscal year for the Company's operating leases are as follows:
Remainder of 2020 |  | $ | 2,300 |
2021 |  | 9,350 |
2022 |  | 9,650 |
2023 |  | 9,950 |
2024 |  | 10,250 |
Thereafter |  | 42,050 |
Total operating lease payments |  | 83,550 |
Less: Imputed interest |  | 29,294 |
Present value of lease liabilities |  | $ | 54,256 |
Lease Income Real estate revenue from operating leases on our land and buildings leased to others (Note 6) for the three and nine months ended September 30, 2020 and 2019 is as follows:
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2020 |  | 2019 |  | 2020 |  | 2019
Daney Ranch | $ | 16,000 |  |  | $ | 3,300 |  |  | $ | 21,000 |  |  | $ | 6,600 |
Gold Hill Hotel | 13,500 |  |  | 24,000 |  |  | 61,500 |  |  | 72,000 |
Lab and office space | 5,000 |  |  | 7,500 |  |  | 20,000 |  |  | 15,000 |
Land | 4,500 |  |  | 4,500 |  |  | 13,500 |  |  | 13,500 |
All other residential | 10,425 |  |  | 9,050 |  |  | 30,225 |  |  | 23,032 |
Total real estate revenue from operating leases | $ | 49,425 |  |  | $ | 48,350 |  |  | $ | 146,225 |  |  | $ | 130,132 |
On September 1, 2020, the Company entered into an agreement to lease the Daney Ranch for $9,000 per month, with lease payments applicable to the purchase price through an option to purchase the property for $2.7 million, if closed by September 1, 2022 (Note 2).

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -URI http://asc.fasb.org/subtopic&trid=77888251 + Details
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