XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Assets    
Cash and Cash Equivalents $ 39,739 $ 9,702
Funds Held by Lender and Restricted Cash 611 177
Mortgage Loans, Net 7,461 378
Real Estate Acquired through Foreclosure 34,018 122,072
Other Receivables 2,241 1,125
Investment in Unconsolidated Entities 4,099 6,522
Other Assets 274 628
Property and Equipment, Net 450 284
Assets of Discontinued Operations 674 94,112
Total Assets 89,567 146,266
Liabilities    
Accounts Payable and Accrued Expenses 3,722 3,237
Accrued Property Taxes 157 219
Dividends Payable 534 539
Accrued Interest Payable 298 379
Customer Deposits and Funds Held for Others 626 264
Notes Payable, Net of Discount 14,343 14,046
Notes Payable and Special Assessment Obligations, Held for Sale 3,269 3,581
Liabilities of Discontinued Operations 554 55,184
Total Liabilities 23,503 77,449
Redeemable Convertible Preferred Stock, $.01 par value; 100,000,000 shares authorized; 8,200,000 shares outstanding; liquidation preference of $39,570 33,474 32,143
Commitments, Contingencies and Subsequent Events
Stockholders’ Equity    
Common stock, $.01 par value; 200,000,000 shares authorized; 18,079,523 and 17,552,139 shares issued at June 30, 2017 and December 31, 2016; 16,253,426 and 15,922,321 shares outstanding at June 30, 2017 and December 31, 2016, respectively 181 176
Less: Treasury stock at cost, 1,826,096 and 1,629,818 shares at June 30, 2017 and December 31, 2016, respectively (6,170) (5,948)
Paid-in Capital 716,943 718,911
Accumulated Deficit (679,874) (678,778)
Total IMH Financial Corporation Stockholders’ Equity 31,080 34,361
Noncontrolling Interests 1,510 2,313
Total Stockholders’ Equity 32,590 36,674
Total Liabilities and Stockholders’ Equity 89,567 146,266
Held For Sale [Member]    
Assets    
Real Estate Acquired through Foreclosure 14,595 17,837
Other Real Estate Owned [Member]    
Assets    
Real Estate Acquired through Foreclosure $ 19,423 $ 15,501