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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Revenue:    
Operating Property Revenue $ 1,028 $ 1,206
Management Fees, Investment and Other Income 148 94
Mortgage Loan Income, Net 8 217
Total Revenue 1,184 1,517
Operating Expenses:    
Operating Property Direct Expenses (Exclusive of Interest and Depreciation) 819 872
Expenses for Non-Operating Real Estate Owned 166 158
Professional Fees 929 961
General and Administrative Expenses 1,745 1,915
Interest Expense 433 1,008
Depreciation and Amortization Expense 44 275
Total Operating Expenses 4,136 5,189
Recovery of Credit Losses, Gain on Disposal, and Equity Method Loss from Unconsolidated Entities    
Gain on Disposal of Assets, Net (32) (248)
Recovery of Credit Losses, Net (66) 0
Equity Method Loss from Unconsolidated Entities, Net 119 144
Total Recovery of Credit Losses, Gain on Disposal and Equity Method Loss from Unconsolidated Entities 21 (104)
Total Costs and Expenses 4,157 5,085
Loss from Continuing Operations, Before Provision for Income Taxes (2,973) (3,568)
Provision for Income Taxes 0 (2)
Loss from Continuing Operations, Net of Tax (2,973) (3,570)
Income (Loss) from Discontinued Operations, Net of Tax 4,976 (1,197)
Net Income (Loss) 2,003 (4,767)
Income Attributable to Noncontrolling Interest Loss Allocation 21 55
Cash Dividend on Redeemable Convertible Preferred Stock (528) (534)
Deemed Dividend on Redeemable Convertible Preferred Stock (659) (607)
Net Income (Loss) Attributable to Common Shareholders $ 837 $ (5,853)
Loss per Common Share    
Basic and Diluted, Continuing Operations (in dollars per share) $ (0.26) $ (0.29)
Basic and Diluted, Discontinued Operations (in dollars per share) 0.31 (0.08)
Basic and Diluted (in dollars per share) $ 0.05 $ (0.37)
Weighted average common shares outstanding for basic and diluted earnings per common share 16,089,283 15,897,938