Condensed consolidated financial information for our reportable operating segments as of March 31, 2016 and December 31, 2015 and for the three month periods ended March 31, 2016 and 2015 is summarized as follows (in thousands):



Balance Sheet Items	March 31, 2016		December 31, 2015
Total Assets	(unaudited)
Mortgage and REO - Legacy Portfolio and Other Operations	$	48,916	$	59,000
Commercial and Residential Real Estate Leasing Operations	29,759		28,107
Hospitality and Entertainment Operations	96,164		93,883
Corporate and Other	3,472		4,826
Consolidated	$	178,311	$	185,816
Notes Payable, Special Assessment Obligations, Capital Leases and Other Long Term Obligations
Mortgage and REO - Legacy Portfolio and Other Operations	$	10,691	$	16,211
Commercial and Residential Real Estate Leasing Operations	18,126		16,419
Hospitality and Entertainment Operations	50,404		50,302
Corporate and Other	12,462		12,360
Consolidated	$	91,683	$	95,292
Operating Liabilities
Mortgage and REO - Legacy Portfolio and Other Operations	$	1,765	$	1,793
Commercial and Residential Real Estate Leasing Operations	3,828		3,530
Hospitality and Entertainment Operations	5,943		4,468
Corporate and Other	2,330		2,920
Consolidated	$	13,866	$	12,711



	Three Months Ended March 31, 2016 (Unaudited)
Income Statement Items	Mortgage and REO - Legacy Portfolio and Other Operations		Commercial and Residential Real Estate Leasing Operations		Hospitality and Entertainment Operations		Corporate and Other		Consolidated
Revenues:
Operating property revenue	$	—	$	233	$	6,338	$	—	$	6,571
Investment and other income	42		25		4		23		94
Mortgage loan income, net	217		—		—		—		217
Total Revenue	259		258		6,342		23		6,882
Expenses:
Operating Property Direct Expenses (exclusive of interest and depreciation):
Payroll related expenses	—		68		2,499		—		2,567
Cost of sales	—		—		731		—		731
Property taxes	—		3		71		—		74
Management fees	—		9		368		—		377
Other departmental and general and administrative costs	—		3		1,073		—		1,076
Other costs	—		144		650		—		794
Operating Property Direct Expenses (exclusive of interest and depreciation)	—		227		5,392		—		5,619
Expenses for Non-Operating Real Estate Owned:



	Three Months Ended March 31, 2016 (Unaudited) (continued)
Income Statement Items	Mortgage and REO - Legacy Portfolio and Other Operations			Commercial and Residential Real Estate Leasing Operations			Hospitality and Entertainment Operations			Corporate and Other			Consolidated
Property taxes	$	93		$	—		$	—		$	—		$	93
Other costs	65			—			—			—			65
Expenses for Non-Operating Real Estate Owned	158			—			—			—			158
Professional Fees:
Financial reporting - audit, legal and tax	1			—			—			243			244
Other legal	475			—			—			21			496
Asset management	13			—			—			49			62
Other costs	—			—			—			159			159
Professional Fees	489			—			—			472			961
General and Administrative Expenses:
Payroll related expenses	—			—			—			1,305			1,305
Insurance expense	23			—			—			248			271
Rent	—			—			—			53			53
Other general and administrative costs	6			—			—			280			286
General and Administrative Expenses	29			—			—			1,886			1,915
Other Expenses (Income):
Interest expense	232			176			1,048			600			2,056
Depreciation and amortization expense	—			199			794			49			1,042
Gain on disposal of assets, net	(248		)	—			—			—			(248		)
Loss of unconsolidated subsidiaries	144			—			—			—			144
Provision for income taxes	—			—			—			2			2
Other Expenses	128			375			1,842			651			2,996
Total Expenses, net	804			602			7,234			3,009			11,649
Net Loss	(545		)	(344		)	(892		)	(2,986		)	(4,767		)
Net Loss Attributable to Noncontrolling Interests	55			—			—			—			55
Cash Dividend on Redeemable Convertible Preferred Stock	—			—			—			(534		)	(534		)
Deemed Dividend on Redeemable Convertible Preferred Stock	—			—			—			(607		)	(607		)
Net Loss Attributable to Common Shareholders	$	(490	)	$	(344	)	$	(892	)	$	(4,127	)	$	(5,853	)

	Three Months Ended March 31, 2015 (Unaudited)
Income Statement Items	Mortgage and REO - Legacy Portfolio and Other Operations			Commercial and Residential Real Estate Leasing Operations			Hospitality and Entertainment Operations			Corporate and Other			Consolidated
Revenues:
Operating property revenue	$	3		$	377		$	6,804		$	—		$	7,184



	Three Months Ended March 31, 2015 (Unaudited) (continued)
Income Statement Items	Mortgage and REO - Legacy Portfolio and Other Operations			Commercial and Residential Real Estate Leasing Operations			Hospitality and Entertainment Operations			Corporate and Other			Consolidated
Investment and other income	$	1,805		$	45		$	—		$	—		$	1,850
Mortgage loan income, net	498			—			—			—			498
Total Revenue	2,306			422			6,804			—			9,532
Expenses:
Operating Property Direct Expenses (exclusive of interest and depreciation):
Payroll related expenses	—			11			2,358			—			2,369
Cost of sales	—			—			813			—			813
Property taxes	—			83			70			—			153
Management fees	—			8			394			—			402
Other departmental and general and administrative costs	—			—			1,082			—			1,082
Other costs	—			221			604			—			825
Operating Property Expenses (exclusive of interest and depreciation)	—			323			5,321			—			5,644

Expenses for Non-Operating Real Estate Owned:
Property taxes	171			—			—			—			171
Other costs	117			—			—			1			118
Expenses for Non-Operating Real Estate Owned	288			—			—			1			289
Professional Fees:
Financial reporting - audit, legal and tax	4			—			—			259			263
Other legal	723			—			—			(17		)	706
Asset management	86			—			—			1			87
Other costs	—			—			—			190			190
Professional Fees	813			—			—			433			1,246
General and Administrative Expenses:
Payroll related expenses	—			—			—			1,461			1,461
Insurance expense	7			—			—			252			259
Rent	—			—			—			52			52
Other general and administrative costs	36			—			—			386			422
General and Administrative Expenses	43			—			—			2,151			2,194
Other Expenses (Income):
Interest expense	588			—			988			1,238			2,814
Depreciation and amortization expense	—			—			578			53			631
Loss on disposal of assets, net	42			—			—			—			42
Recovery of credit losses, net	(907		)	(9		)	—			—			(916		)
Other Expenses (Income)	(277		)	(9		)	1,566			1,291			2,571
Total Expenses, net	867			314			6,887			3,876			11,944
Net Income (Loss)	1,439			108			(83		)	(3,876		)	(2,412		)



	Three Months Ended March 31, 2015 (Unaudited) (continued)
Income Statement Items	Mortgage and REO - Legacy Portfolio and Other Operations		Commercial and Residential Real Estate Leasing Operations		Hospitality and Entertainment Operations			Corporate and Other			Consolidated
Cash Dividend on Redeemable Convertible Preferred Stock	$	—	$	—	$	—		$	(528	)	$	(528	)
Deemed Dividend on Redeemable Convertible Preferred Stock	—		—		—			(560		)	(560		)
Net Income (Loss) Attributable to Common Shareholders	$	1,439	$	108	$	(83	)	$	(4,964	)	$	(3,500	)