BUSINESS COMBINATION (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Business Acquisitions

The following table summarizes the consideration paid for MacArthur Place and the allocation of amounts of the assets acquired and liabilities assumed recognized at the acquisition date (in thousands):

Consideration:
Cash	$	16,794
Loan proceeds, net	18,943
Total sources	$	35,737
Fair value of identifiable assets acquired and liabilities assumed:
Land and improvements	$	4,920
Building and improvements	13,650
Property and equipment	1,060
Trade name, customer relationships, and liquor license	990
Cash, receivables, inventory, and other assets	775
Accounts payable and accrued expenses	(217		)
Customer deposit liability	(821		)
Total identifiable net assets	20,357
Goodwill	15,380
Total uses	$	35,737
Acquisition-related costs (included in professional fees, and general & administrative expenses in the consolidated statement of operations for the year ended December 31, 2017)	$	656

The actual amount of MacArthur Place’s revenue and earnings (losses) included in the Company’s consolidated statement of operations for the year ended December 31, 2017, and the unaudited pro forma revenue and earnings (losses) of the combined entity assuming the acquisition had occurred on January 1, 2016 are as follows (in thousands):

	Revenue		Loss
MacArthur Place from October 2, 2017 - December 31, 2017	$	1,939	$	(1,381	)
Supplemental pro forma for 1/1/2017 - 12/31/2017 (unaudited)	$	12,982	$	(4,318	)
Supplemental pro forma for 1/1/2016 - 12/31/2016 (unaudited)	$	14,952	$	(8,453	)