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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues    
Operating property revenue $ 314 $ 1,564
Mortgage loan income, net 650 625
Management fees, investment and other income 68 37
Total revenue 1,032 2,226
Operating Expenses    
Operating property direct expenses (exclusive of interest and depreciation) 2,349 2,238
Expenses for non-operating real estate owned 91 196
Professional fees 806 875
General and administrative expenses 1,905 1,879
Interest expense 456 744
Depreciation and amortization expense 271 341
Total operating expenses 5,878 6,273
Recovery of Credit Losses, Impairment, Gain Disposal of Assets, and Other    
Gain on disposal of assets 0 (253)
Unrealized loss on derivatives 167 0
Total Recovery, Impairment Charges, Gain on Disposal of Assets and Other 167 (253)
Total costs and expenses 6,045 6,020
Loss before provision for income tax (5,013) (3,794)
Income tax (provision) benefit 0 0
Net Loss (5,013) (3,794)
Net (income) loss attributable to non-controlling interests (123) 90
Cash dividends on Series B redeemable convertible preferred stock (641) (592)
Deemed dividend on Series B redeemable convertible preferred stock (936) (817)
Cash dividends on Series A redeemable preferred stock (412) 0
Net Loss attributable to common shareholders $ (7,125) $ (5,113)
Net Loss per common share    
Basic and diluted, continuing operations (in dollars per share) $ (0.43) $ (0.31)
Weighted average common shares outstanding - basic and diluted (in shares) 16,392,286 16,665,116