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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
OPERATING ACTIVITIES    
Net Loss $ (362,000) $ (9,292,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity Method Loss from Unconsolidated Entities 171,000 190,000
Stock-Based Compensation and Option Amortization 429,000 425,000
Stock-Based Compensation Related to Purchase of Treasury Stock 116,000 0
Gain on Disposal of Assets (8,506,000) (22,000)
Amortization of Deferred Financing Costs 447,000 749,000
Depreciation and Amortization Expense 371,000 2,239,000
Accretion of Discount on Notes Payable 397,000 345,000
Other Non-Cash Recovery of Credit Losses (228,000) 0
Changes in operating assets and liabilities:    
Accrued Interest Receivable (83,000) 5,000
Other Receivables (211,000) (164,000)
Other Assets 608,000 (116,000)
Accrued Property Taxes (191,000) (88,000)
Accounts Payable and Accrued Expenses (2,109,000) 489,000
Customer Deposits and Funds Held for Others 1,497,000 678,000
Accrued Interest Payable (401,000) 131,000
Funds Held by Lender and Restricted Cash 1,383,000 918,000
Total adjustments, net (6,310,000) 5,779,000
Net cash used in operating activities (6,672,000) (3,513,000)
INVESTING ACTIVITIES    
Proceeds from Sales of Mortgage Loans 0 3,044,000
Proceeds from Sale of Real Estate Owned and Operating Properties 97,052,000 3,292,000
Purchases of Property and Equipment (260,000) (18,000)
Mortgage Loan Fundings and Protective Advances (7,000,000) 0
Proceeds from Mortgage Note Receivable 0 7,632,000
Investment in Unconsolidated Entities (1,810,000) (135,000)
Investment in Real Estate Owned and Other Operating Properties (1,069,000) (8,250,000)
Funds Held by Lender and Restricted Cash 246,000 516,000
Net cash provided by investing activities 87,159,000 6,081,000
FINANCING ACTIVITIES    
Proceeds from Notes Payable 0 6,574,000
Debt Issuance Costs Paid (100,000) (504,000)
Repayments of Notes Payable (50,257,000) (5,616,000)
Repayments of Capital Leases (2,000) (11,000)
Dividends Paid (1,066,000) (1,073,000)
Purchase of Treasury Stock (338,000) 0
Distributions to Noncontrolling Interests (9,000) 0
Net cash used in financing activities (51,772,000) (630,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 28,715,000 1,938,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 11,449,000 7,603,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 40,164,000 9,541,000
CASH AND CASH EQUIVALENTS OF DISCONTINUED OPERATIONS, END OF PERIOD 425,000 1,406,000
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS, END OF PERIOD 39,739,000 8,135,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 1,500,000 1,891,000
Cash paid for taxes 5,000 0
Non-Cash Investing and Financing Transactions:    
Capital Expenditures in Accounts Payable and Accrued Expenses 446,000 2,916,000
Capital Lease and Other Liabilities Assumed by Buyer in Sale of Property 4,187,000 0
Decrease in Noncontrolling Interest due to Profit Participation (1,537,000) 0
Non-cash Recovery of Credit Losses $ (228,000) $ 0