Segment Reporting

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

Segment Reporting

Note 11 – Segment Reporting

The Company manages the Company’s business activities on a consolidated basis and operates as a single operating segment. The Company currently has no operations, does not generate operating revenues and the Company’s assets consist of cash and cash equivalents. The Company is engaged in the management of its assets and liabilities. The Company is principally involved with disputes and litigation relating to its interest in the 111 West 57th Property, and is pursuing, and will continue to pursue, options to realize the Company’s investment value, and to protect its legal rights, and recovery of its asset value from various sources of recovery.

The accounting policies of the Company as a single segment are the same as those described in Note 2 – Summary of Significant Accounting Policies. The chief operating decision maker (“CODM”) evaluates the Company’s financial needs and legal proceeding results based on the progress of the current legal proceedings in consultation with the Company’s legal counsel to determine how to allocate resources of the Company as a whole, including continuing to pursue recovery in the Company’s legal proceedings. The Company does not have any revenue; therefore, such information is not presented.

Please refer to the Company’s condensed consolidated balance sheets and statements of operations for the total assets and operating financial results for the Company, including the listing of significant segment expenses regularly provided to the CODM, which are the same for the Company on a consolidated basis.