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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Rental revenues $ 1,231 $ 577 $ 2,491 $ 1,024
Other income 10 256 26 302
Sale of residential condominium units 5,118   11,187  
Total revenues 6,359 833 13,704 1,326
Operating Expenses        
Property operating expenses 766 1,888 1,570 3,795
Real estate taxes 416 79 806 158
General and administrative 1,503 1,387 3,005 2,630
Pension related costs 157 162 315 325
Cost of sale - residential condominium units 4,803   10,524  
Depreciation and amortization 1,004 1,000 2,007 2,000
Total operating expenses 8,649 4,516 18,227 8,908
Operating loss (2,290) (3,683) (4,523) (7,582)
Equity in net income (loss) from unconsolidated joint ventures 70 (264) 816 (636)
Equity in net gain on sale of unconsolidated joint venture property 4,490   4,490  
Unrealized gain (loss) on warrants 1,300 67 931 (1,910)
Interest expense, net (3,295) (1,772) (6,064) (2,647)
Interest expense - amortization of deferred finance costs (378) (683) (814) (944)
Loss before taxes (103) (6,335) (5,164) (13,719)
Tax expense (120) (99) (190) (134)
Net loss attributable to common stockholders (223) (6,434) (5,354) (13,853)
Other comprehensive loss:        
Unrealized gain on pension liability 118 118 237 237
Comprehensive loss attributable to common stockholders $ (105) $ (6,316) $ (5,117) $ (13,616)
Loss per share - basic $ (0.01) $ (0.20) $ (0.14) $ (0.42)
Loss per share - diluted $ (0.01) $ (0.20) $ (0.14) $ (0.42)
Weighted average number of common shares - basic 37,186 32,694 37,145 32,643
Weighted average number of common shares - diluted 37,186 32,694 37,145 32,643