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SEGMENT INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2019
Segment Reporting [Abstract]  
Schedule of Segment Reporting Information, by Segment
Consolidated financial information for our reportable operating segments as of December 31, 2019 and 2018 and for the years then ended is summarized as follows (in thousands):
 
 
December 31,
Balance Sheet Items
 
2019
 
2018
Total Assets
 
 
 
 
Mortgage and REO - Legacy portfolio and other operations
 
$
66,266

 
$
67,658

Hospitality and entertainment operations
 
67,510

 
52,753

Corporate and other
 
5,832

 
23,228

Consolidated total
 
$
139,608

 
$
143,639

 
 
 
 
 
Expenditures for additions to long-lived assets
 
 
 
 
Mortgage and REO - Legacy portfolio and other operations
 
$
248

 
$
2,323

Hospitality and entertainment operations
 
14,433

 
14,353

Corporate and other
 
26

 
16

Consolidated total
 
$
14,707

 
$
16,692



 
 
Year Ended December 31, 2019
Income Statement Items
 
Mortgage and REO Legacy Portfolio and Other Operations
 
Hospitality and Entertainment Operations
 
Corporate and Other
 
Consolidated

 

 

 

 

Revenues
 

 

 

 

Mortgage loan income
 
$
1,909

 
$
—

 
$
—

 
$
1,909

Operating property, management fees, and other
 
3,058

 
7,583

 
525

 
11,166

Total revenue
 
4,967

 
7,583

 
525

 
13,075


 

 

 

 

Total operating expenses
 
5,952

 
18,129

 
9,079

 
33,160


 

 

 

 

Other (income) expense
 

 

 

 

Gain on disposal of assets, net
 
(184
)
 
—

 
—

 
(184
)
Provision for (Recovery of) credit losses
 
1,463

 
—

 
—

 
1,463

Impairment of real estate owned, net
 
1,475

 
—

 
—

 
1,475

Unrealized loss on derivatives
 
—

 
330

 
—

 
330

Settlement and related costs, net
 
—

 
—

 
1,300

 
1,300

Equity earnings of unconsolidated entities
 
(175
)
 
—

 
—

 
(175
)
Total other expense, net
 
2,579

 
330

 
1,300

 
4,209


 

 

 

 

Total costs and expense, net
 
8,531

 
18,459

 
10,379

 
37,369

Loss, before income taxes
 
(3,564
)
 
(10,876
)
 
(9,854
)
 
(24,294
)
Provision for income taxes
 
—

 
—

 
—

 
—

Net loss
 
$
(3,564
)
 
$
(10,876
)
 
$
(9,854
)
 
$
(24,294
)
 
 
Year Ended December 31, 2018
Income Statement Items
 
Mortgage and REO Legacy Portfolio and Other Operations
 
Hospitality and Entertainment Operations
 
Corporate and Other
 
Consolidated

 

 

 

 

Revenues
 

 

 

 

Mortgage loan income
 
$
2,588

 
$
—

 
$
—

 
$
2,588

Operating property, management fees, and other
 
4

 
6,888

 
181

 
7,073

Total revenue
 
2,592

 
6,888

 
181

 
9,661


 

 

 

 

Total operating expenses
 
2,990

 
12,761

 
11,214

 
26,965


 

 

 

 

Other (income) expense
 

 

 

 

Gain on disposal of assets, net
 
(3,938
)
 
—

 
—

 
(3,938
)
Recovery of credit losses
 
(1,968
)
 
—

 
—

 
(1,968
)
Impairment of real estate owned, net
 
581

 
—

 
—

 
581

Unrealized loss on derivative
 
—

 
218

 
—

 
218

Total other (income) expense, net
 
(5,325
)
 
218

 
—

 
(5,107
)

 

 

 

 

Total costs and expense, net
 
(2,335
)
 
12,979

 
11,214

 
21,858

Income (loss), before income taxes
 
4,927

 
(6,091
)
 
(11,033
)
 
(12,197
)
Provision for income taxes
 
—

 
—

 
—

 
—

Net income (loss)
 
$
4,927

 
$
(6,091
)
 
$
(11,033
)
 
$
(12,197
)