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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Operating property revenue $ 2,048 $ 314
Mortgage loan income, net 0 650
Management fees, investment and other income 92 68
Total revenues 2,140 1,032
Operating Expenses    
Operating property direct expenses (exclusive of interest and depreciation) 3,473 2,349
Expenses for non-operating real estate owned 75 91
Professional fees 1,356 806
General and administrative expenses 1,519 1,905
Interest expense 760 456
Depreciation and amortization expense 793 271
Total operating expenses 7,976 5,878
Other (Income) Expense    
Provision for (recovery of) credit losses, net (1,750) 0
Unrealized loss on derivatives 0 167
Equity earnings from unconsolidated entities (122) 0
Other (income) expense, net (1,872) 167
Total costs and expenses, net 6,104 6,045
Loss before provision for income tax (3,964) (5,013)
Income tax provision 0 0
Net Loss (3,964) (5,013)
Net loss attributable to non-controlling interests (260) (123)
Cash dividends on Series B redeemable convertible preferred stock (1,394) (641)
Deemed dividend on Series B redeemable convertible preferred stock (287) (936)
Cash dividends on Series A redeemable preferred stock (417) (412)
Net Loss Attributable to Common Shareholders $ (6,322) $ (7,125)
Net Loss per Common Share    
Basic and Diluted (in dollars per share) $ (0.38) $ (0.43)
Weighted average common shares outstanding - basic and diluted (in shares) 16,616,355 16,392,286