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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenue:    
Operating property revenue $ 1,564,000 $ 1,028,000
Mortgage loan income 625,000 8,000
Management fees, investment and other income 37,000 148,000
Total revenue 2,226,000 1,184,000
Operating Expenses:    
Operating property direct expenses (exclusive of interest and depreciation) 2,238,000 819,000
Expenses for non-operating real estate owned 196,000 166,000
Professional fees 875,000 929,000
General and administrative expenses 1,879,000 1,745,000
Interest expense 744,000 433,000
Depreciation and amortization expense 341,000 44,000
Total operating expenses 6,273,000 4,136,000
Recovery of Investment and Credit Losses, Gain on Disposal, and Equity Method Loss from Unconsolidated Entities, Net    
Gain on disposal of assets, net (253,000) (32,000)
Recovery of investment and credit losses, net 0 (66,000)
Equity method loss from unconsolidated entities 0 119,000
Total Recovery of Investment and Credit Losses, Gain on Disposal, and Equity Method Loss from Unconsolidated Entities, Net (253,000) 21,000
Total costs and expenses 6,020,000 4,157,000
Loss from continuing operations, before provision for income taxes (3,794,000) (2,973,000)
Loss from Continuing Operations, Net of Tax (3,794,000) (2,973,000)
Income (Loss) from Discontinued Operations, Net of Tax 0 4,976,000
Net Income (Loss) (3,794,000) 2,003,000
Loss attributable to noncontrolling interest 90,000 21,000
Cash dividend on redeemable convertible preferred stock (592,000) (528,000)
Deemed dividend on redeemable convertible preferred stock (817,000) (659,000)
Net Income (Loss) Attributable to Common Shareholders $ (5,113,000) $ 837,000
Earnings (Loss) per Common Share    
Basic, Continuing Operations (in dollars per share) $ (0.31) $ (0.26)
Basic, Discontinued Operations (in dollars per share) 0.00 0.31
Basic (in dollars per share) $ (0.31) $ 0.05
Weighted average common shares outstanding - basic and diluted 16,665,116 16,089,283