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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Operating expenses:        
Compensation and benefits $ 304 $ 382 $ 906 $ 1,212
Professional and outside services 703 482 2,231 784
Property operating and maintenance 34 31 105 93
Depreciation 12 12 36 36
Insurance 32 45 117 126
Other operating 39 59 122 153
Total operating expenses 1,124 1,011 3,517 2,404
Operating income (loss) (1,124) (1,011) (3,517) (2,404)
Interest income 0 0 0 0
Interest expense (20) 0 (38) 0
Other income 0 128 0 128
Impairment of equity investment in 111 West 57th Partners LLC (63,745) 0 (63,745) 0
Equity income (loss) - 111 West 57th Partners LLC 0 (49) (25) (549)
Income (loss) before income taxes (64,889) (932) (67,325) (2,825)
Income tax expense (benefit) 0 (220) 6 (150)
Net income (loss) $ (64,889) $ (712) $ (67,331) $ (2,675)
Net income (loss) per common share - basic (in dollars per share) $ (1.59) $ (0.02) $ (1.65) $ (0.07)
Net income (loss) per common share - assuming dilution (in dollars per share) $ (1.59) $ (0.02) $ (1.65) $ (0.07)
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