G. ASSETS HELD FOR SALE

The Company’s consolidated balance sheet as of December 31, 2012 presented approximately $17.1 million in book value of assets held for sale, consisting of $15.2 million related to Remington Village and $1.9 million related to our corporate aircraft and related facilities. These assets were sold during the year ended December 31, 2013.

Remington Village Sale

On September 11, 2013, the Company completed the sale of the Remington Village Apartment Complex in Gillette Wyoming (“Remington Village”) to an affiliate of the Miller Frishman Group, LLC for $15.0 million. The $9.5 million balance on the commercial note relating to Remington Village was paid in full at closing. After deduction of payment of the note, commission and other closing costs, the net proceeds to the Company were approximately $5.0 million. Upon closing this transaction, a loss of $120,000 was recorded on the sale of discontinued of operations.

The Company's real estate operations for the years ending December 31, 2013, 2012 and 2011 have been classified as discontinued operations in the current financial statements. Results of discontinued operations for the years ended December 31, 2013, 2012, and 2011 were as follows:

	(In thousands)
	For the years ending December 31,
	2013		2012			2011
Revenues	$	1,271	$	2,037		$	2,147
Operating expenses		844		1,885			1,468
Impairment		--		2,955			3,063
		844		4,840			4,531

Income (loss) before income taxes		427		(2,803	)		(2,384	)

Income tax benefit from (provision for)		--		1,009			(245	)
Net income (loss) from discontinued operations	$	427	$	(1,794	)	$	(2,629	)

Because Remington Village was classified as an asset held for sale, scheduled depreciation of $660,000 for 2013 and $896,000 for 2012 was not recorded.

Corporate Aircraft and Related Facilities Sale

During the first quarter of 2013, the Company sold its corporate aircraft for $1.9 million and related facilities for $767,000. We recorded a loss of $1,000 on the sale of the corporate aircraft and a gain of $697,000 on the related facilities.