XML 14 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue        
Operating property revenue $ 2,105 $ 654 $ 3,668 $ 1,682
Mortgage loan income, net 641 44 1,266 52
Management fees, investment, and other income 255 360 292 508
Total revenue 3,001 1,058 5,226 2,242
Operating Expenses        
Operating property direct expenses (exclusive of interest and depreciation) 2,099 620 4,334 1,439
Expenses for non-operating real estate owned 171 170 367 336
Professional fees 754 1,193 1,629 2,122
General and administrative expenses 1,708 2,613 3,588 4,358
Interest expense 780 441 1,525 874
Depreciation and amortization expense 303 49 644 93
Total Operating Expenses 5,815 5,086 12,087 9,222
Recovery of Investment and Credit Losses, Gain on Disposal, and Equity Method Loss from Unconsolidated Entities, Net        
Gain on disposal of assets, net (142) (1,683) (395) (1,715)
Recovery of investment and credit losses, net (175) (272) (175) (338)
Equity method loss from unconsolidated entities, net 52 171
Total Recovery of Investment and Credit Losses, Gain on Disposal, and Equity Method Loss from Unconsolidated Entities, Net (317) (1,903) (570) (1,882)
Total costs and expenses 5,498 3,183 11,517 7,340
Loss from Continuing Operations, Net of Tax (2,497) (2,125) (6,291) (5,098)
Income (loss) from discontinued operations, net of tax (240) 4,736
Net Loss (2,497) (2,365) (6,291) (362)
Income (Loss) attributable to noncontrolling interest 25 (755) 115 (734)
Cash dividend on redeemable convertible preferred stock (647) (533) (1,239) (1,061)
Deemed dividend on redeemable convertible preferred stock (915) (672) (1,731) (1,331)
Cash dividend on perpetual preferred stock (142) (142)
Net Loss Attributable to Common Shareholders $ (4,176) $ (4,325) $ (9,288) $ (3,488)
Loss per Common Share        
Basic and diluted, continuing operations (in dollars per share) $ (0.25) $ (0.25) $ (0.56) $ (0.51)
Basic and diluted, discontinued operations (in dollars per share) (0.01) 0.29
Net basic and diluted, income (loss) per share (in dollars per share) $ (0.25) $ (0.26) $ (0.56) $ (0.22)
Weighted average common share outstanding - basic and diluted (in shares) 16,696,684 16,154,341 16,680,988 16,121,992