SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

13. SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

Selected quarterly financial data is as follows:

	For the Quarter Ended
(in thousands, except per share data)	March 31			June 30			September 30			December 31
2019
Total revenues	$	—		$	—		$	—		$	—
Total operating expenses	$	(2,412	)	$	(3,506	)	$	(2,271	)	$	(2,371	)
Total other income	$	360		$	7,287		$	142		$	2,326
(Loss) income from continuing operations	$	(2,052	)	$	3,781		$	(2,129	)	$	(45	)
(Loss) income from discontinued operations (1)	$	(414	)	$	304		$	1,984		$	10,636
Net (loss) income	$	(2,466	)	$	4,085		$	(145	)	$	10,591
Net (loss) income attributable to common shareholders	$	(2,466	)	$	4,085		$	(145	)	$	10,591
Net (loss) income per common share - basic and diluted (2)	$	(0.01	)	$	0.02		$	0.00		$	0.06
Weighted-average shares outstanding	177,076			177,591			177,979			177,997
2018
Total revenues	$	—		$	—		$	—		$	—
Total operating expenses	$	(3,214	)	$	(2,596	)	$	(2,521	)	$	(2,831	)
Total other income	$	1,037		$	209		$	2,850		$	8,116
(Loss) income from continuing operations	$	(2,177	)	$	(2,387	)	$	329		$	5,285
Loss from discontinued operations (1)	$	(2,253	)	$	(2,064	)	$	(1,898	)	$	(1,672	)
Net loss	$	(4,430	)	$	(4,451	)	$	(1,569	)	$	3,613
Net loss attributable to common shareholders	$	(4,430	)	$	(4,451	)	$	(1,569	)	$	3,613
Net loss per common share - basic and diluted (2)	$	(0.03	)	$	(0.03	)	$	(0.01	)	$	0.02
Weighted-average shares outstanding	175,565			176,183			176,456			176,912

(1) As described in “Note 14,” all of the Company’s wholly-owned properties were sold as part of the Asset Sale. As of December 2019, these properties met the criteria to be classified as held for sale. As such, the results related to those properties were reclassified as discontinued operations for all periods presented.

(2) Quarterly net (loss) income per common share amounts do not total the annual net loss per common share amount due to changes in the number of weighted-average shares outstanding calculated on a quarterly and annual basis and included in the net (loss) income per share calculation.