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CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
In Thousands, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
REVENUE:      
Operating Property Revenue $ 17,140 $ 3,485 $ 1,912
Investment and Other Income 5,403 195 612
Mortgage Loan Income, Net 783 1,084 1,274
Total Revenue 23,326 4,764 3,798
OPERATING EXPENSES:      
Operating Property Direct Expenses (exclusive of Interest and Depreciation) 14,406 4,194 2,579
Expenses for Non-Operating Real Estate Owned 2,145 3,206 3,618
Professional Fees 7,260 5,941 6,163
General and Administrative Expenses 5,746 6,397 11,308
Interest Expense 19,176 15,215 9,843
Depreciation and Amortization Expense 3,055 2,551 1,797
Settlement and Related Costs 6,109 2,563 1,357
Total Operating Expenses 57,897 40,067 36,665
PROVISION, IMPAIRMENT AND (GAIN) LOSS ON DISPOSAL      
(Gain)/Loss on Disposal of Legacy Assets (1,430) (989) (201)
(Recovery of) Provision for Credit Losses (8,039) (2,122) 1,000
Impairment of Real Estate Owned 1,103 0 1,529
Total (Recovery) Provision, Impairment Charges and (Gain) Loss on Disposal of Legacy Assets (8,366) (3,111) 2,328
Loss before income taxes (26,205) (32,192) (35,195)
Provision for Income Taxes 0 0 0
NET LOSS $ (26,205) $ (32,192) $ (35,195)
Basic and diluted loss per common share      
Net Loss per Share (in dollars per share) $ (1.55) $ (1.91) $ (2.09)
Weighted Average Common Shares Outstanding (in shares) 16,869,645 16,873,880 16,850,504