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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenue:    
Operating property revenue $ 3,682,000 $ 4,700,000
Management fees, investment and other income 1,248,000 399,000
Mortgage loan income 944,000 340,000
Total revenue 5,874,000 5,439,000
Operating Expenses:    
Operating property direct expenses (exclusive of interest and depreciation) 4,309,000 3,892,000
Expenses for non-operating real estate owned 831,000 376,000
Professional fees 5,226,000 4,364,000
General and administrative expenses 8,958,000 7,646,000
Interest expense 2,073,000 5,305,000
Depreciation and amortization expense 395,000 759,000
Total operating expenses 21,792,000 22,342,000
Provision for (Recovery of) Investment and Credit Losses, Gain on Disposal, Impairment of REO, and Equity Method Loss from Unconsolidated Entities, Net    
Gain on disposal of assets, net (3,851,000) (10,997,000)
Provision for (recovery of) investment and credit losses, net (6,461,000) 231,000
Impairment of real estate owned 744,000 0
Equity method loss from unconsolidated entities 239,000 236,000
Total Provision for (Recovery of) Investment and Credit Losses, Gain on Disposal, Impairment of REO, and Equity Method Loss from Unconsolidated Entities (9,329,000) (10,530,000)
Total costs and expenses 12,463,000 11,812,000
Loss from continuing operations, before provision for income taxes (6,589,000) (6,373,000)
Benefit from income taxes, continuing operations 1,963,000 0
Loss from Continuing Operations, Net of Tax (4,626,000) (6,373,000)
Income (Loss) from discontinued operations, net of tax 3,071,000 (1,344,000)
Net Loss (1,555,000) (7,717,000)
Loss attributable to noncontrolling interests 798,000 117,000
Cash dividend on redeemable convertible preferred stock (2,140,000) (2,146,000)
Deemed dividend on redeemable convertible preferred stock (2,716,000) (2,505,000)
Net Loss Attributable to Common Shareholders $ (5,613,000) $ (12,251,000)
Loss per Common Share    
Basic, Continuing Operations (in dollars per share) $ (0.54) $ (0.69)
Basic, Discontinued Operations (in dollars per share) 0.19 (0.08)
Basic (in dollars per share) $ (0.35) $ (0.77)
Weighted average common shares outstanding - basic and diluted 16,188,250 15,916,325