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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Real estate, net   $ 62,324
Residential condominium units for sale   184,561
Cash and cash equivalents $ 277 264
Restricted cash 126 8,081
Prepaid expenses and other assets, net 267 2,774
Pension asset 2,802 1,370
Accounts receivable, net 146 356
Deferred rents receivable   307
Right-of-use asset 109 519
Intangible assets, net   6,952
Total assets 3,727 267,508
LIABILITIES    
Loans payable, net   194,628
Corporate credit facility, net   40,791
Secured line of credit   11,750
Accounts payable and accrued expenses 454 28,273
Accrued professional fees 954 1,545
Lease liability 118 569
Total liabilities 1,526 277,556
Commitments and Contingencies
STOCKHOLDERS' (DEFICIT) EQUITY    
Special stock, $0.01 par value; 1 share authorized, issued and outstanding at December 31, 2024, and December 31, 2023
Common stock, $0.01 par value; 79,999,997 shares authorized; 72,487,481 and 44,965,083 shares issued at December 31, 2024, and December 31, 2023, respectively; 65,314,726 and 38,199,386 shares outstanding at December 31, 2024, and December 31, 2023, respectively 725 450
Additional paid-in capital 150,183 145,301
Treasury stock (7,172,755 and 6,765,697 shares at December 31, 2024, and December 31, 2023, respectively) (57,676) (57,637)
Accumulated other comprehensive loss (729) (2,257)
Accumulated deficit (90,302) (95,905)
Total stockholders' equity (deficit) 2,201 (10,048)
Total liabilities and stockholders' equity (deficit) 3,727 267,508
Blank Check Preferred Stock    
STOCKHOLDERS' (DEFICIT) EQUITY    
Preferred Stock Value
Preferred Stock    
STOCKHOLDERS' (DEFICIT) EQUITY    
Preferred Stock Value