XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rental revenues $ 299 $ 327
Other income 46  
Total revenues 345 327
Operating Expenses    
Property operating expenses 1,654 1,593
Real estate taxes 20 20
General and administrative 1,203 1,334
Pension related costs 163 165
Transaction related costs 1 15
Depreciation and amortization 715 601
Total operating expenses 3,756 3,728
Operating loss (3,411) (3,401)
Equity in net loss from unconsolidated joint ventures (372) (991)
Unrealized (loss) gain on warrants (1,977) 1,200
Interest (expense) income, net (601) 4
Interest expense - amortization of deferred finance costs (193)  
Loss before taxes (6,554) (3,188)
Tax expense (35) (65)
Net loss attributable to common stockholders (6,589) (3,253)
Other comprehensive gain:    
Unrealized gain on pension liability 119 112
Comprehensive loss attributable to common stockholders $ (6,470) $ (3,141)
Loss per share - basic and diluted $ (0.20) $ (0.10)
Weighted average number of common shares - basic and diluted 32,591 32,268