QUARTERLY FINANCIAL DATA

12 Months Ended

Dec. 31, 2016

Selected Quarterly Financial Information [Abstract]

QUARTERLY FINANCIAL DATA

NOTE 15 – QUARTERLY FINANCIAL DATA (unaudited)

The following table reflects quarterly consolidated statements of operations for the periods indicated (in thousands, except per share amounts):

	For the Year Ended December 31, 2016
	January 1,		April 1,		July 1, 2016		October 1,
	2016 to		2016 to		to		2016 to
	March 31,		June 30,		September		December 31,
	2016		2016		30, 2016		2016
Total revenues	$	475	$	398	$	536	$	447
Total operating expenses		2,519		1,892		1,906		2,717
Operating loss		(2,044)		(1,494)		(1,370)		(2,270)
Equity in net loss from unconsolidated joint venture		-		-		-		(308)
Interest income (expense), net		73		22		(12)		(41)
Amortization of deferred finance costs		(2)		(20)		(38)		(38)
Reduction of claims liability		135		(1)		(2)		-
Loss before taxes		(1,838)		(1,493)		(1,422)		(2,657)
Tax expense		-		-		-		26
Net loss available to common stockholders	$	(1,838)	$	(1,493)	$	(1,422)	$	(2,683)
Loss per share - basic and diluted	$	(0.07)	$	(0.06)	$	(0.06)	$	(0.11)
Weighted average number of common shares - basic and diluted		25,284		25,458		25,483		25,531

	For the Ten Months Ended December 31, 2015
	March 1,		May 31,		August 30,		November 29,
	2015 to		2015 to		2015 to		2015 to
	May 30,		August 29,		November		December 31,
	2015		2015		28, 2015		2015
Total revenues	$	224	$	188	$	326	$	103
Total operating expenses		2,345		1,769		2,663		806
Operating loss		(2,121)		(1,581)		(2,337)		(703)
Interest (expense) income, net		(120)		(83)		(54)		11
Amortization of deferred finance costs		-		-		-		(63)
Reduction of claims liability		230		300		27		-
Loss before taxes		(2,011)		(1,364)		(2,364)		(755)
Tax expense		4		-		22		41
Net loss available to common stockholders	$	(2,015)	$	(1,364)	$	(2,386)	$	(796)
Loss per share - basic and diluted	$	(0.10)	$	(0.07)	$	(0.12)	$	(0.03)
Weighted average number of common shares - basic and diluted		20,053		20,124		20,159		23,877