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CONSOLIDATED INCOME STATEMENT (Unaudited) (USD $)
In Thousands, except Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
REVENUE        
Lease income from capital lease - railroad, net $ 229 $ 229 $ 458 $ 458
Rental income 233 22 302 45
TOTAL REVENUE 462 251 760 503
EXPENSES        
Amortization of intangible assets 50 0 53 0
General and administrative 127 65 169 146
Stock-based compensation 54 31 76 57
Property Tax 9 2 16 5
Property acquisition expenses 361 0 365 0
Litigation expenses (see note 8) 148 241 261 481
Finance expense 81 0 81 0
Unrealized loss on interest rate swap 213 0 213 0
Interest expense 118 12 168 24
TOTAL EXPENSES 1,161 351 1,402 713
NET LOSS $ (699) $ (100) $ (642) $ (210)
Loss per Common Share:        
Basic $ (0.42) $ (0.06) $ (0.38) $ (0.13)
Assuming Dilution $ (0.42) $ (0.06) $ (0.38) $ (0.13)
Weighted Average Number of Shares Outstanding:        
Basic share count 1,671,638 1,635,965 1,673,185 1,629,643
Diluted share count 1,671,638 1,635,965 1,673,185 1,629,643
Cash dividend per common share $ 0 $ 0 $ 0 $ 0.1
Cash dividend per Series A Preferred Share $ 0.48 $ 0 $ 0.48 $ 0