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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
OPERATING ACTIVITIES    
Net loss $ (1,555,000) $ (7,717,000)
Adjustments to reconcile net loss to net cash used in operating activities:    
Equity method loss from unconsolidated entities 239,000 236,000
Stock-based compensation and option amortization 723,000 802,000
Stock-based compensation related to purchase of treasury stock 116,000 0
Gain on disposal of assets (10,688,000) (10,997,000)
Amortization of deferred financing costs 487,000 1,965,000
Depreciation and amortization expense 673,000 4,040,000
Accretion of mortgage income (258,000) 0
Accretion of discount on notes payable 832,000 721,000
Non-cash interest expense funded by loan draw 157,000 0
Other non-cash provision for (recovery of) investment and credit losses (5,983,000) 785,000
Impairment of real estate owned 744,000 0
Changes in operating assets and liabilities, net of business combination:    
Accrued interest receivable (181,000) (12,000)
Other receivables (621,000) (852,000)
Other assets 1,222,000 199,000
Accrued property taxes (47,000) 61,000
Accounts payable and accrued expenses 1,669,000 503,000
Customer deposits and funds held for others 1,621,000 625,000
Accrued interest (510,000) 141,000
Funds held by lender and restricted cash 1,980,000 (49,000)
Total adjustments, net (7,825,000) (1,832,000)
Net cash used in operating activities (9,380,000) (9,549,000)
INVESTING ACTIVITIES    
Proceeds from sales of mortgage loans 0 3,380,000
Proceeds from sale of real estate owned and operating properties and other assets 104,856,000 44,579,000
Purchases of property and equipment (479,000) (21,000)
Mortgage loan investment and fundings (19,250,000) 0
Mortgage loan repayments 0 7,632,000
Investment in unconsolidated entities (1,810,000) (221,000)
Purchase of business and related assets (36,000,000) 0
Investment in real estate owned and other operating properties (3,805,000) (11,929,000)
Funds held by lender and restricted cash 117,000 1,351,000
Net cash provided by investing activities 43,629,000 44,771,000
FINANCING ACTIVITIES    
Proceeds from notes payable 19,400,000 9,212,000
Debt issuance costs paid (487,000) (878,000)
Repayments of notes payable (50,417,000) (36,934,000)
Repayments of capital leases (2,000) (19,000)
Dividends paid (2,140,000) (2,146,000)
Purchase of treasury stock (338,000) 0
Loans made to noncontrolling interests (650,000) 0
Contributions from (distributions to) noncontrolling interests 725,000 (611,000)
Net cash used in financing activities (33,909,000) (31,376,000)
NET INCREASE IN CASH AND CASH EQUIVALENTS 340,000 3,846,000
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 11,449,000 7,603,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 11,789,000 11,449,000
CASH AND CASH EQUIVALENTS OF CONTINUING OPERATIONS, END OF PERIOD 11,789,000 9,702,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 2,174,000 7,806,000
Cash paid for taxes 10,000 7,000
Non-Cash Investing and Financing Transactions:    
Decrease in investment in unconsolidated entities due to consolidation of VIE’s (Note 5) (4,031,000) 0
Decrease in mortgage loans due to consolidation of VIE’s (Note 5) (399,000) 0
Decrease in other receivables due to consolidation of VIE’s (Note 5) (2,166,000) 0
Increase in other real estate owned due to consolidation of VIE’s (Note 5) 18,105,000 0
Increase in other assets due to consolidation of VIE’s (Note 5) 1,143,000 0
Increase in accounts payable and accrued expenses due to consolidation of VIE’s (Note 5) 160,000 0
Increase in noncontrolling interest due to VIE consolidation (Note 5) 6,509,000 0
Capital expenditures in accounts payable and accrued expenses 1,483,000 375,000
Capital lease and other liabilities assumed by buyer in sale of property 7,179,000 261,000
Decrease in noncontrolling interest due to profit participation (1,537,000) 676,000
Non-cash other receivable- tax increment financing 0 2,684,000
Business subsidy loan forgiveness 0 858,000
Economic development assistance advances $ 0 $ 576,000