Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2017	Dec. 31, 2016
Assets:
Cash and cash equivalents	$ 358	$ 586
Real estate owned:
Land	554	554
Buildings	1,900	1,900
Real estate owned, gross	2,454	2,454
Less: accumulated depreciation	798	774
Real estate owned, net	1,656	1,680
Investment in 111 West 57th Partners LLC	63,745	63,770
Other assets	98	166
Total assets	65,857	66,202
Liabilities:
Accounts payable and accrued liabilities	940	343
Loan payable	1,500	0
Other liabilities	0	0
Total liabilities	2,440	343
Commitments and contingencies (Note 9)
Stockholders' equity:
Common stock ($0.01 par value, 85,000 authorized in 2017 and 85,000 authorized in 2016, 46,410 issued and 40,738 outstanding in 2017 and 46,410 issued and 40,738 outstanding in 2016)	464	464
Additional paid-in capital	548,304	548,304
Accumulated deficit	(480,183)	(477,741)
Treasury stock, at cost - 2017 - 5,672 shares and 2016 - 5,672 shares	(5,168)	(5,168)
Total stockholders' equity	63,417	65,859
Total liabilities and stockholders' equity	$ 65,857	$ 66,202

Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations.

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- Definition

Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.