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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Operating expenses:        
Compensation and benefits $ 287 $ 304 $ 1,117 $ 906
Professional and outside services 506 703 2,164 2,231
Property operating and maintenance 8 34 54 105
Depreciation 0 12 0 36
Insurance 50 32 131 117
Other operating 27 39 77 122
Total operating expenses 878 1,124 3,543 3,517
Operating income (loss) (878) (1,124) (3,543) (3,517)
Interest income 1 0 5 0
Interest expense 0 (20) (10) (38)
Gain on sale of real estate owned 0 0 3,278 0
Impairment of equity investment in 111 West 57th Partners LLC 0 (63,745) 0 (63,745)
Equity income (loss) - 111 West 57th Partners LLC 0 0 0 (25)
Income (loss) before income taxes (877) (64,889) (270) (67,325)
Income tax expense (benefit) 2 0 6 6
Net income (loss) $ (879) $ (64,889) $ (276) $ (67,331)
Net income (loss) per common share - basic (in dollars per share) $ (0.02) $ (1.59) $ (0.01) $ (1.65)
Weighted average common shares outstanding - basic (in shares) 40,738 40,738 40,738 40,738