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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Operating expenses:        
Compensation and benefits $ 356 $ 443 $ 830 $ 1,033
Professional and outside services 193 91 302 152
Property operating and maintenance 29 28 62 70
Depreciation 12 12 24 24
Insurance 45 37 81 73
Other operating 41 71 94 134
Total operating expenses 676 682 1,393 1,486
Operating income (loss) (676) (682) (1,393) (1,486)
Interest income 0 0 0 0
Other income 0 0 0 0
Equity income (loss) - 111 West 57th Partners LLC (108) (285) (500) (537)
Income (loss) before income taxes (784) (967) (1,893) (2,023)
Income tax expense (benefit) 35 37 70 67
Net income (loss) (819) (1,004) (1,963) (2,090)
Less: net income (loss) attributable to non-controlling interest 0 (20) 0 (34)
Net income (loss) attributable to controlling interest $ (819) $ (984) $ (1,963) $ (2,056)
Net income (loss) per common share - basic (in dollars per share) $ (0.02) $ (0.03) $ (0.05) $ (0.05)
Net income (loss) per common share - assuming dilution (in dollars per share) $ (0.02) $ (0.03) $ (0.05) $ (0.05)
Weighted average common shares outstanding - basic (in shares) 40,738 40,738 40,738 40,738
Weighted average common shares outstanding - assuming dilution (in shares) 40,738 40,738 40,738 40,738