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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Operating expenses:        
Compensation and benefits $ 306 $ 278 $ 830 $ 602
Professional and outside services 840 624 1,658 1,528
Property operating and maintenance 14 38 46 71
Depreciation 0 12 0 24
Insurance 19 49 81 85
Other operating 23 48 50 83
Total operating expenses 1,202 1,049 2,665 2,393
Operating income (loss) (1,202) (1,049) (2,665) (2,393)
Interest income 3 0 4 0
Interest expense 0 (13) (10) (18)
Gain on sale of real estate owned 0 0 3,278 0
Equity income (loss) - 111 West 57th Partners LLC 0 (7) 0 (25)
Income (loss) before income taxes (1,199) (1,069) 607 (2,436)
Income tax expense (benefit) 2 3 4 6
Net income (loss) $ (1,201) $ (1,072) $ 603 $ (2,442)
Net income (loss) per common share - basic (in dollars per share) $ (0.03) $ (0.03) $ 0.01 $ (0.06)
Weighted average common shares outstanding - basic (in shares) 40,738 40,738 40,738 40,738