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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income $ 4,624 $ 4,754 $ 9,207 $ 9,995
Other operating income 44 81 78 157
Total revenues 4,668 4,835 9,285 10,152
Expenses:        
Operating, maintenance, and management 908 1,209 1,862 2,290
Property management fees and expenses to affiliate 35 41 70 82
Real estate taxes and insurance 706 742 1,439 1,519
Asset management fees to affiliate 426 468 861 929
General and administrative expenses 660 430 1,133 805
Depreciation and amortization 1,990 2,169 4,156 4,369
Interest expense 849 2,482 3,737 4,458
Impairment charges on real estate 0 0 5,750 0
Total expenses 5,574 7,541 19,008 14,452
Other income:        
Interest and other income 1 20 13 33
Gain on sale of real estate, net 0 0 5,245 0
Equity in income (loss) of unconsolidated joint venture 34 0 (435) 0
Loss from extinguishment of debt 0 0 (29) 0
Total other income 35 20 4,794 33
Net loss $ (871) $ (2,686) $ (4,929) $ (4,267)
Net loss per common share, basic and diluted (in dollars per share) $ (0.09) $ (0.27) $ (0.48) $ (0.43)
Weighted-average number of common shares outstanding, basic and diluted (in shares) 10,182,690 9,966,517 10,176,938 9,861,204