0001437749-19-009863.txt : 20190514 0001437749-19-009863.hdr.sgml : 20190514 20190514170232 ACCESSION NUMBER: 0001437749-19-009863 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 52 CONFORMED PERIOD OF REPORT: 20190331 FILED AS OF DATE: 20190514 DATE AS OF CHANGE: 20190514 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HG Holdings, Inc. CENTRAL INDEX KEY: 0000797465 STANDARD INDUSTRIAL CLASSIFICATION: WOOD HOUSEHOLD FURNITURE, (NO UPHOLSTERED) [2511] IRS NUMBER: 541272589 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-34964 FILM NUMBER: 19823657 BUSINESS ADDRESS: STREET 1: 2115 E. 7TH STREET, SUITE 101 CITY: CHARLOTTE STATE: NC ZIP: 28211 BUSINESS PHONE: 252-355-4610 MAIL ADDRESS: STREET 1: 2115 E. 7TH STREET, SUITE 101 CITY: CHARLOTTE STATE: NC ZIP: 28211 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY FURNITURE CO INC. DATE OF NAME CHANGE: 20060315 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY FURNITURE CO INC/ DATE OF NAME CHANGE: 19930908 FORMER COMPANY: FORMER CONFORMED NAME: STANLEY FURNITURE CO INC DATE OF NAME CHANGE: 19930908 10-Q 1 stly20190331_10q.htm FORM 10-Q stly20190331_10q.htm
 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

Form 10-Q

 

(Mark One)

 

[X]

QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2019

or

[  ]

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from _____ to _____.

 

Commission file number: 0-14938

 

HG HOLDINGS, INC.

(Exact name of registrant as specified in its charter)

 

 

 

Delaware

  

54-1272589

  

(State or other jurisdiction of incorporation or organization)

(I.R.S. Employer Identification No.)

 

2115 E. 7th Street, Suite 101, Charlotte, NC 28204
(Address of principal executive offices, Zip Code)

 

252-355-4610

(Registrant’s telephone number, including area code)

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes (X) No ( )

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes (X) No ( )

 

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer”, “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act,:

Large accelerated filer ( )   Accelerated filer ( )   Non-accelerated filer ( ) (Do not check if a smaller reporting company)

Smaller reporting company (X)   Emerging growth company ( )

 

If an emerging growth company, indicate by check mark if registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ( )

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes ( ) No (X)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

None

NA

NA

 

As of May 13, 2019, 14,551,087 shares of common stock of HG Holdings, Inc., par value $.02 per share, were outstanding.

 

 

 
 

 

PART I. FINANCIAL INFORMATION

 

ITEM 1. Financial Statements

 

 

HG HOLDINGS, INC.

CONSOLIDATED BALANCE SHEETS

(in thousands, except share data)

 

 

   

March 31,

    

December 31,

  
   

2019

    

2018

  
    (unaudited)          

 

ASSETS

  

 

            

Current assets:

                

Cash

   $ 1,248     $ 6,057  

Restricted cash

     406       404  

Interest and dividend receivables

     57       -  

Prepaid expenses and other current assets

     246       273  

Income tax receivable

     488       488  

Total current assets

     2,445       7,222  
                 

Property, plant and equipment, net

     9       9  

Investment in affiliate

     4,940       -  

Subordinated notes receivable

     5,145       5,882  

Loan to affiliate

     2,000       -  

Other assets

     495       480  

Deferred tax assets

     494       494  

Total assets

   $ 15,528     $ 14,087  
                 

LIABILITIES

                

Current liabilities:

                

Accounts payable

   $ 28     $ 29  

Accrued salaries, wages and benefits

     2       17  

Other accrued expenses

     113       110  

Total current liabilities

     143       156  
                 

Other long-term liabilities

     354       287  

Total liabilities

     497       443  
                 

STOCKHOLDERS’ EQUITY

                

Common stock, $0.02 par value, 25,000,000 shares authorized, 14,712,377 shares issued and outstanding on each respective date

     294       294  

Capital in excess of par value

     17,306       17,285  

Retained deficit

     (2,569 )     (3,935 )

Total stockholders’ equity

     15,031       13,644  

Total liabilities and stockholders’ equity

   $ 15,528     $ 14,087  

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

2
 

 

 

HG HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

(in thousands, except per share data)

(unaudited)

 

 

   

For the Three Months

Ended

  
   

March 31,

  
   

2019

    

2018

  
                 

Operating Expenses

                
                 

General and administrative expenses

   $ (260 )   $ (412 )
                 

Total operating expenses

     (260 )     (412 )
                 

Interest income

     288       75  

Dividend income

     7       -  

Gain on sale of closely held stock

     120       -  

Income from Continued Dumping and Subsidy Offset Act

     1,230       -  

Loss from affiliate

     (19 )     -  
                 

Income (loss) from continuing operations before income taxes

     1,366       (337 )
                 

Income tax expense

     -       (19 )
                 

Income (loss) from continuing operations

     1,366       (356 )
                 

Discontinued operations

                
                 

Loss from discontinued operations (including loss on sale of assets of $865)

   $ -     $ (3,011 )
                 

Loss from discontinued operations

     -       (3,011 )
                 

Net income (loss)

   $ 1,366     $ (3,367 )
                 

Basic and diluted income (loss) per share:

                

Income (loss) from continuing operations

   $ .09     $ (.02 )

Loss from discontinued operations

     -       (.21 )

Net income (loss)

   $ .09     $ (.23 )
                 

Weighted average shares outstanding:

                

Basic

     14,508       14,573  

Diluted

     14,551       14,573  

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

3
 

 

 

HG HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS)

(in thousands)

(unaudited)

 

 

   

For the Three Months

Ended

March 31,

  
   

2019

    

2018

  
                 

Net income (loss)

   $ 1,366     $ (3,367 )

Settlement of employee benefit obligations directly related to the disposal transaction

     -       2,422  

Comprehensive income (loss)

   $ 1,366     $ (945 )

 

 

The accompanying notes are an integral part of the consolidated financial statements.

 

4
 

 

 

HG HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

(in thousands)

(unaudited)

 

   

For the Three Months Ended

March 31,

  
   

2019

    

2018

  
                 

Net income (loss) from continuing operations

   $ 1,366     $ (356 )

Adjustments to reconcile net income from operations to net cash flows from operating activities:

                

Depreciation expense

     -       -  

Accretion income on notes receivable

     (103 )     -  

Stock compensation expense

     21       -  

Gain on sale of closely held stock

     (120 )     -  

Loss from affiliate

     19       -  

Changes in assets and liabilities:

                

Prepaid expenses, income tax receivables, and other current assets

     11       (27 )

Other assets

     (15 )     (15 )

Accounts payable

     (1 )     6  

Accrued salaries and other accrued expenses

     (12 )     70  

Other long-term liabilities

     67       19  

Net cash provided by (used in) continuing operations

     1,233       (303 )
                 

Cash flows from investing activities:

                

Investment in affiliate

     (5,000 )     -  

New borrowings on loan receivable to affiliate

     (2,000 )     -  

Principal payments received on subordinated secured notes receivable

     840       -  

Proceeds from sale of closely held stock

     120       -  

Net cash used by investing activities

     (6,040 )     -  
                 

Cash flows from financing activities:

                

Repurchase and retirement of common stock

     -       (103 )

Stock purchase and retirement for tax withholdings on vesting of restricted award

     -       (30 )

Net cash used by financing activities

     -       (133 )
                 

Cash flows from discontinued operations:

                

Cash used by discontinued operations

     -       (3,157 )

Cash provided by investing activities

     -       9,228  

Cash provided by financing activities

     -       1,209  

Net cash provided by discontinued operations

     -       7,280  
                 

Net (decrease) increase in cash and restricted cash

     (4,807 )     6,844  

Cash and restricted cash at beginning of period

     6,461       631  

Cash and restricted cash at end of period

   $ 1,654     $ 7,475  
                 

Cash

   $ 1,248     $ 6,057  

Restricted cash

     406       404  

Cash and restricted cash

   $ 1,654     $ 6,461  
                 
                 

Supplemental Non-Cash Disclosures:

               

Payments made on line of credit from proceeds of the sale

   $ -     $ (1,348 )
Dividends on investment in affiliate   $ 41     $ -  

 

 

The accompanying notes are an integral part of the consolidated financial statements

 

5
 

 

HG HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(unaudited)

 

 

1.

Preparation of Interim Unaudited Consolidated Financial Statements

 

The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with generally accepted accounting principles in the United States have been either condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of results of operations and financial position. Operating results for the interim periods reported herein may not be indicative of the results expected for the year. These consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our latest Annual Report on Form 10-K.

 

On March 2, 2018, HG Holdings, Inc. (the “Company”) sold substantially all of its assets (the “Asset Sale”) to Stanley Furniture Company LLC, formerly Churchill Downs LLC (“Buyer”), pursuant to the terms of the Asset Purchase Agreement, dated as of November 20, 2017, as amended by the First Amendment thereto dated January 22, 2017 (the “Asset Purchase Agreement”). Operations of the furniture business from January 1, 2018 through March 2, 2018 are reflected as discontinued operations pursuant to the provisions of Accounting Standards Codification (“ASC”) 2015-20, Presentation of Financial Statements – Discontinued Operations for all periods presented. As a result of the sale, the Company no longer has a wholly owned subsidiary.

 

Results of discontinued operations are excluded from the accompanying notes to the consolidated financial statement for all periods presented, unless otherwise noted.

 

On September 6, 2018, as previously reported on Form 8-K filed by the Company with the Securities and Exchange Commission on September 12, 2018, Buyer sold certain of its assets, including certain inventory of the Stone & Leigh tradename (the “S&L Asset Sale”), to Stone & Leigh, LLC (“S&L”), a newly formed limited liability company owned by a group which includes Matthew W. Smith, the Company’s former interim Chief Executive Officer. As a part of the S&L Asset Sale, Buyer assigned to S&L certain of its rights and obligations under the subordinated secured promissory note payable to the Company (“Original Note”).

 

As a result of both the Asset Sale and the S&L Asset Sale, we have a variable interest in two entities that have been determined to be variable interest entities ("VIE"). If we conclude that we are the primary beneficiary of a VIE, we are required to consolidate it. To determine if we are the primary beneficiary, we evaluate whether we have the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Our evaluation includes identification of significant activities and an assessment of our ability to direct those activities based on governance provisions and arrangements to provide or receive product and process technology, product supply, operations services, equity funding, financing, and other applicable agreements and circumstances. Our assessments of whether we are the primary beneficiary of our VIE requires significant assumptions and judgments. We have concluded that we are not the primary beneficiary of the two VIEs as we do not have the power to direct the activities that most significantly impact the VIEs’ economic performance and therefore are not required to consolidate these entities.

 

On March 19, 2019, we entered into subscription agreements with HC Government Realty Trust, Inc., a Maryland corporation (“HC Realty”), pursuant to which we purchased (i) 200,000 shares of HC Realty’s 10.00% Series B Cumulative Convertible Preferred Stock (the “Series B Stock”) for an aggregate purchase price of $2,000,000 and (ii) 300,000 shares of HC Realty’s common stock for an aggregate purchase price of $3,000,000.  Certain investors affiliated with Hale Partnership Capital Management, LLC (the “HPCM”) purchased an additional 850,000 shares of Series B Stock for an aggregate purchase price of $8,500,000.  While some of these investors have other investments with HPCM, each of these investors made a separate and direct investment in HC Realty and HPCM does not receive management fees, performance fees, or any other economic benefits with respect to these investors’ investment in HC Realty’s Series B Stock.

 

6
 

 

On March 19, 2019, the Company and certain entities affiliated with HPCM (the “Lenders”) also entered into a loan agreement with HC Realty’s operating partnership (the “Operating Partnership”), pursuant to which the Lenders provided the Operating Partnership with a $10,500,000 senior secured term loan, of which $2,000,000 was provided by the Company. While some of these entities have other investments with HPCM, each of these entities made the loan separate and direct to HC Realty and HPCM does not receive management fees, performance fees, or any other economic benefits with respect to the loan agreement.

 

As of December 31, 2018, HC Realty owned and operated a portfolio of 16 single-tenant properties leased entirely to the United States of America for occupancy by federal agencies including the Federal Bureau of Investigation, the Drug Enforcement Administration, the Social Security Administration and the Department of Transportation.

 

Recent Accounting Pronouncements

 

In June 2016, the Financial Accounting Standards Board (“FASB”) issued ASU 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). The amendments in ASU 2016-13 require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. In addition, ASU 2016-13 amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendment is effective for public entities for annual reporting periods beginning after December 15, 2019, however early application is permitted for reporting periods beginning after December 15, 2018. The Company does not anticipate the adoption of ASU 2016-13 to have a material impact to the consolidated financial statements.

 

In February 2016, the FASB issued its final lease accounting standard, ASC, Leases (Topic 842) (“ASU 2016-02”), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC 840, requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC 840) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC 840). The Company adopted the standard effective January 1, 2019. As of March 31, 2019, we do not have any long-term leases. We will evaluate the effect that ASU 2016-02 will have on our consolidated financial statements and related disclosures at such time a long-term lease is executed. Our only lease as of March 31, 2019 relates to a real estate lease for the corporate office space. The adoption did not have material impact to the consolidated financial statements.

 

 

2.

Discontinued Operations

 

On March 2, 2018, we sold substantially all of our assets (the “Asset Sale”) to Churchill Downs LLC (“Buyer”), pursuant to the terms of the Asset Purchase Agreement, dated as of November 20, 2017, as amended by the First Amendment thereto dated January 22, 2017 (the “Asset Purchase Agreement”). Operations of the furniture business from January 1, 2018 through March 2, 2018 are reflected as discontinued operation pursuant to the provisions of Accounting Standards Codification 2015-20, Presentation of Financial Statements – Discontinued Operations for all periods presented.

 

Loss from discontinued operations, net of taxes, comprised the following for the three months ended March 31, 2019 and 2018 (in thousands):

 

   

2019

   

2018

  

Net sales

   $ -     $ 6,787  

Cost of sales

     -       6,485  

Selling, general and administrative expenses

     -       2,438  

Interest expense, net

     -       10  

Loss on sale of assets

     -       (865 )

Loss from discontinued operations before income taxes

     -       (3,011 )

Income tax (benefit) expense

     -       -  

Loss from discontinued operations, net of taxes

   $ -     $ (3,011 )

 

7
 

 

Included in selling, general and administrative expenses incurred for the three months ended March 31, 2018 were certain transaction costs including investment banking fees, legal fees, and other transaction costs directly attributable to the Asset Sale.

 

Net (liabilities) assets for discontinued operations are as follows (in thousands):

 

   

March 31,

    

March 31,

  
   

2019

    

2018

  

Accounts payable and other liabilities

   $ -     $ 14  

Accrued salaries, wages, and benefits

     -       360  

Other accrued expenses

     -       186  

Total liabilities

     -       560  

Net (liabilities) assets

   $ -     $ (560 )

 

As a result of the Asset Sale, the Company had no revenue-generating operations.  As of March 19, 2019, our sources of income include dividends on HC Realty Series B Stock, interest paid on the loan we made to HC Realty’s operating partnership, and interest paid on cash and subordinated secured promissory notes. The Company believes that the revenue generating from these sources in addition to the cash on hand is sufficient to fund operating expenses for at least 12 months from the date of these consolidated financial statements.  As disclosed in previous filings, the Company may consider a rights offering of the Company’s common stock to existing stockholders to raise additional cash for acquisitions in addition to the equity interest we acquired in HC Realty which could provide the Company greater resources and flexibility in acquiring additional non-furniture assets, which may include purchasing additional HC Realty Series B Stock.

 

 

3.

Property, Plant and Equipment

 

   

(in thousands)

  
   

March 31,

    

December 31,

  
   

2019

    

2018

  

Computers and equipment

   $ 7     $ 7  

Furniture and fixtures

     3       3  

Property, plant and equipment, at cost

     10       10  

Less accumulated depreciation

     1       1  

Property, plant and equipment, net

   $ 9     $ 9  

 

 

4.

Subordinated Notes Receivable

 

The Company received a $7.4 million subordinated secured promissory note (the “Original Note”) from the Buyer as partial consideration for the sale of substantially all of our assets during the first quarter of 2018. On September 6, 2018, the Buyer sold certain of its assets, including certain inventory and the Stone & Leigh tradename (the “S&L Asset Sale”) to Stone & Leigh, LLC (“S&L”), which is owned by a group which includes Matthew W. Smith, the Company’s former interim Chief Executive Officer. As a part of the S&L Asset Sale, the Buyer assigned to S&L certain of its rights and obligations under the original $7.4 million subordinated secured promissory note. In connection with the assignment, the Company entered into an Amended and Restated Subordinated Secured promissory note with the Buyer (the “A&R Note”) and a new Subordinated Secured Promissory Note with S&L (the “New Note”).

 

The A&R Note has a principal amount as of the assignment date of $3.3 million.

 

On February 7, 2019, the Company, Buyer and related parties entered into a Consent, Reaffirmation, and Joinder (the “Consent”) in connection with a new senior credit facility that Buyer expected to enter into with Alterna Capital Solutions, LLC (“Alterna”).  Pursuant to the Consent, Buyer paid $180,000 of principal and accrued interest under the A&R Note as provided in the Consent and Buyer delivered a Seconded Amended and Restated Subordinated Secured Promissory Note (the “Second A&R Note”) in favor of the Company. The Second A&R Note has a principal amount of $3,201,536 and remains payable no later than March 2, 2023, at which time the total principal amount is due. Interest on the principal balance of the note continues to accrue daily at an annual fixed rate of 6%. The other terms of the Second A&R Note are substantially the same as those of the A&R Note. The Second A&R Note also remains guaranteed by Stanley Intermediate Holdings LLC, formerly Churchill Downs Intermediate Holdings LLC. Pursuant to the Consent, Buyer’s British Virgin Island parent company has also guaranteed the Second A&R Note.

 

8
 

 

On February 25, 2019, Buyer closed and funded its new senior credit facility with Alterna. Pursuant to the Consent, the Company entered into an Intercreditor and Debt Subordination Agreement, dated February 25, 2019 (the “Subordination Agreement”), with Alterna. The Subordination Agreement with Alterna is generally on the same terms as the subordination agreement the Company previously entered into with North Mill Capital, LLC in connection with the original subordinated secured promissory note dated March 2, 2018 from Buyer in favor of the Company, except that principal payments on the Second A&R Note, before satisfaction of the of indebtedness to Alterna and termination of the Subordination Agreement, are conditioned upon (l) no event of default under the new senior credit facility existing or resulting from the payment,  (2) availability under the new senior credit facility to make the payment, (3) all tax and debt obligations of Stanley Furniture Company, LLC (“SFC”) being current and within their terms,  and (4) there being no delinquency in payables or other obligations of SFC to specified critical vendors. Cash interest payments of $49,000 were received during the three months ending March 31, 2019. Also, during the first quarter of 2019, the Company received principal payments on the Second A&R Note of $197,000.

 

We evaluated the fair value of the A&R Note at the assignment date. During the first quarter 2019, we recorded accreted interest income on the fair value adjustment of the A&R Note of $54,000. Resulting from the accretion of the fair value discount and the principal payments, the carrying value of the A&R Note decreased to $2.2 million as of March 31, 2019.

 

The New Note had a principal amount of $4.4 million as of the assignment date. The New Note also matures on March 2, 2023, at which time the total principal amount is due. Interest on the New Note accrues at a fixed rate of 10% per annum. Cash interest payments of $97,000 were received during the three months ended March 31, 2019. During the three months ending March 31, 2019, the Company received $643,000 of principal payments on the New Note.

 

At the assignment date, we evaluated the fair value of the New Note. We recorded accreted interest income on the fair value adjustment of the New Note of $49,000. Resulting from the accretion of the fair value discount and the principal payments, the carrying amount of the New Note was $2.9 million as of March 31, 2019.

 

 

5.

Loan to Affiliate

 

On March 19, 2019, the Company, together with certain other Lenders, entered into a loan agreement (the “Loan Agreement”) with HC Realty’s operating partnership, and HCM Agency, LLC, as collateral agent (the “Agent”), pursuant to which the Lenders provided HC Realty’s operating partnership with a $10,500,000 senior secured term loan (the “Initial Term Loan”), of which $2,000,000 was provided by the Company.

 

The Loan Agreement matures on March 19, 2022. Interest on the Loan Agreement accrues at a rate of 14% per annum. Accrued interest for the three months ended March 31, 2019 was $9,000.

 

 

6.

Investment in Affiliate

 

On March 19, 2019, the Company entered into subscription agreements with HC Realty, pursuant to which it purchased (i) 200,000 shares of HC Realty’s 10.00% Series B Cumulative Convertible Preferred Stock (the “Series B Stock”) for an aggregate purchase price of $2,000,000 and (ii) 300,000 shares of HC Realty’s common stock for an aggregate purchase price of $3,000,000.  Certain investors affiliated with HPCM purchased an additional 850,000 shares of Series B Stock for an aggregate purchase price of $8,500,000.  While some of these investors have other investments with HPCM, each of these investors made a separate and direct investment in HC Realty and HPCM does not receive management fees, performance fees, or any other economic benefits with respect to these investors’ investment in HC Realty’s Series B Stock.

 

The Series B Stock is not deemed to be in-substance common stock and is accounted for using the measurement alternative for equity investments with no readily determinable fair value.  The Series B Stock will be reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments issued by HC Realty. 

 

9
 

 

The following table summarizes the Company’s investment in HC Realty as of March 31, 2019 and December 31, 2018 (in thousands):

 

   

 

 

 

 

Ownership %

    

 

 

 

Investment in Affiliate

Balance

    

Loss

recorded in

the Consolidated

Statements of

Operations (b)

  
                                   

For the Three

Months Ended

March 31,

  
   

March 31,

2019

    

December 31,

2018

    

March 31,

2019

    

December 31,

2018

    

 

2019

    

 

2018

  

 

                                                

HC Realty Series B Stock (a)

     7.2 %     0.0 %   $ 2,000       -     $ -       -  

HC Realty common stock

     9.9 %     0.0 %     2,940       -       (19 )     -  
Total     17.1 %     0.0 %   $ 4,940       -     $ (19 )     -  

 

 

(a)

Represents investments in shares of HC Realty preferred stock with a basis of $2 million. Each share of preferred stock can be converted into one share of HC Realty common stock at a conversion price equal to the lesser of $9.10 per share or the fair market value per share of HC Realty common stock, subject to adjustment upon the occurrence of certain events.
 

(b)

Loss from these investments is included in “Loss from affiliate” in the consolidated statement of operations. Since HC Realty is a Real Estate Investment Trust and not a taxable entity, the loss is not reported net of taxes.

 

The Company’s investment in HC Realty common stock is accounted for under the equity method of accounting.  The company determined that accounting for under the equity method was appropriate even though the Company owns less than 20% of the fully diluted shares outstanding because the Company holds significant influence of HC Realty. Additional information for the Company’s investment in HC Realty follows:

 

HC Realty was formed in 2016 as a Maryland corporation, and incident to filing its federal income tax return for, and commencing with, its fiscal year ended December 31, 2017, elected to be taxed as a REIT for federal income tax purposes. HC Realty was formed primarily to source, acquire, own and manage built-to-suit or improved-to-suit, single-tenant properties leased by the United States of America and administered by the U.S General Services Administration or directly by the occupying agency, both of which are referred to as “GSA Properties.” HC Realty invests primarily in GSA Properties across secondary and smaller markets with sizes ranging from 5,000-50,000 rentable square feet, and in their listed lease term after construction or improvement to post-9/11 standards. HC Realty further emphasizes GSA Properties that fulfill mission critical or citizen service functions. Leases associated with the GSA Properties in which HC Realty invests are full faith and credit obligations of the United States of America.

 

HC Realty’s principal objective is the creation of value for stockholders by utilizing its relationships and knowledge of GSA Properties, specifically, the acquisition, management and disposition of GSA Properties. On December 31, 2018, HC Realty’s had a portfolio of 16 GSA Properties, including three GSA Properties for which HC Realty owns all of the rights to the profits, losses, any distributed cash flow and all of the other benefits and burdens of ownership for federal income tax purposes rather than a fee simple interest. 

 

The GSA-leased, real estate asset class has a number of attributes that HC Realty believes will offer its stockholders significant benefits, including a highly creditworthy and very stable tenant base, long-term lease structures and low risk of tenant turnover. GSA leases are backed by the full faith and credit of the United States, and the GSA has never experienced a financial default. Payment of rents under GSA leases are funded through the Federal Buildings Fund and are not subject to direct federal appropriations, which can fluctuate with federal budget and political priorities. In addition to presenting reduced risk of default, GSA leases typically have long initial terms of ten to 20 years with renewal leases having terms of five to ten years, which limit operational risk. Upon renewal of a GSA lease, base rent typically is reset based on a number of factors at the time of renewal, including inflation and the replacement cost of the building, that generally HC Realty expects will increase over the life of the lease.

 

10
 

 

GSA-leased properties generally provide attractive investment opportunities but require specialized knowledge and expertise. Each U.S. Government agency has its own customs, procedures, culture, needs and mission, which results in different requirements for its leased space. Furthermore, the GSA-leased sector is highly fragmented with a significant amount of non-institutional owners, who lack HC Realty’s infrastructure and experience with GSA-leased properties. Moreover, while there are a number of national real estate brokers that hold themselves out as having GSA-leased property expertise, there are no national or regional clearinghouses for GSA-leased properties. HC Realty believes this fragmentation can be ascribed particularly to the U.S. Government’s – including GSA’s –procurement policies, including policies of preference for small, female and minority owned businesses. As of August 2015, the largest owner of GSA-leased properties owned approximately 3.5% of the GSA-leased properties on a rent per square foot (RSF) basis, and the ten largest owners of GSA-leased properties collectively owned approximately 17% of the GSA-leased properties by RSF. Long-term relationships and specialized institutional knowledge regarding the agencies, their space needs and the hierarchy and importance of a property to its tenant agency are crucial to understanding which agencies and properties present the greatest likelihood of long-term agency occupancy, and, therefore, to identifying and acquiring attractive GSA-leased properties. HC Realty’s portfolio is diversified among occupancy agencies, including a number of the largest and most essential agencies, such as the Drug Enforcement Administration, the Federal Bureau of Investigation, the Social Security Administration and the Department of Transportation.

 

 

7.

Investment in Closely Held Company

 

The Company held an equity interest in Churchill Downs Holdings Ltd (“Churchill”), a British Virgin Island business company which it received as partial consideration for the sale of substantially all of its assets during first quarter 2018. The investment in Churchill is accounted for as investments in equity securities of nonpublic entities without readily determinable fair values, which are carried at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company reviews its equity securities without readily determinable fair values on a regular basis to determine if the investment is impaired. For purposes of this assessment, the Company considers the investee’s cash position, liquidity, earnings and revenue outlook, equity position, and ownership, among other factors, in its review. If management’s assessment indicates that an impairment exists, the Company estimates the fair value of the equity investment and recognizes in current earnings an impairment loss that is equal to the difference between the fair value of the equity investment and its carrying amount.

 

During the prior year, the Company determined that the equity investment was impaired and determined the fair value to be zero. The cumulative amount of the impairment at March 31, 2019 totaled $168,000. In determining the amount of the impairment for 2018, management considered relevant known transactions that occurred on or before the balance sheet date and the different rights and obligations of the securities subject to the impairment assessment. Factors that significantly influenced the determination of the impairment loss included the equity security’s voting rights, priority claims to the equity security, distributions rights and preferences, and the investee’s cash position, liquidity, earnings and revenue outlook.

 

Pursuant to a stock purchase agreement dated February 7, 2019, Buyer’s British Virgin Island parent company repurchased 2,500 shares of its stock held by the Company. The Company no longer maintains an equity interest in Buyer’s British Virgin Island parent company. The Company recorded a gain on the sale of the stock of $120,000 during the three months ended March 31, 2019.

 

 

8.

Income taxes

 

During the three months ended March 31, 2019, we recorded a non-cash reversal to our valuation allowance of $882,000 decreasing our valuation allowance against deferred tax assets to $7.6 million at March 31, 2019. The primary assets covered by this valuation allowance are net operating losses, which are approximately $32.1 million at March 31, 2019. The Company did not make any cash payments for income tax in the three month periods ended March 31, 2019 and 2018 due to our net operating loss.

 

We maintain a valuation allowance against deferred tax assets that currently exceed our deferred tax liabilities. The primary assets covered by this valuation allowance are net operating loss carry-forwards. The valuation allowance was calculated in accordance with the provisions of ASC 740, Income Taxes, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance. Our results over the most recent four-year period were heavily affected by our business restructuring activities. Our cumulative loss represented sufficient negative evidence to require a valuation allowance. We intend to maintain a valuation allowance until sufficient positive evidence exists to support its reversal, resulting in no deferred tax asset balance being recognized. Should we determine that we will not be able to realize all or part of our deferred tax asset in the future, an adjustment to the deferred tax asset will be charged to income in the period such determination is made.

 

11
 

 

As of March 31, 2019 and 2018, our deferred tax asset balance is $494,000 and $0, respectively.

 

Our effective tax rate for the current and prior year three month periods were effectively 0% due to our net operating loss carryforwards.

 

 

9.

Stockholders’ Equity

 

Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options and restricted stock are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data (in thousands):

 

   

Three Months Ended

  
   

March 31,

    

March 31,

  
   

2019

    

2018

  

Weighted average shares outstanding for basic calculation

     14,508       14,573  

Add: Effect of dilutive stock options

     43       -  

Weighted average shares outstanding, adjusted for diluted calculation

     14,551       14,573  

 

For the three month period ended March 31, 2019, approximately 225,000 stock awards were excluded from the diluted per share calculation as they would be anti-dilutive. For the prior three month period ended March 31, 2018, the dilutive effect of stock options and restricted awards was not recognized since we had net losses. For the period ended March 31, 2018, approximately 278,000 shares of stock options and 43,000 shares of restricted awards were not included in the diluted per share calculation because they were anti-dilutive.

 

We will repurchase common shares from time to time that are tendered by recipients of restricted stock awards to satisfy tax withholding obligations on vested restricted stock. There were no such repurchased shares during the current three month period.

 

In July 2012, the Board authorized the purchase of up to $5.0 million of our common stock.  These repurchases may be made from time to time in the open market, in privately negotiated transactions, or otherwise, at prices the Company deems appropriate.  In the three month period ended March 31, 2019, no shares were repurchased. In the prior three month period ended March 31, 2018, we repurchased 174,565 shares for $103,000. As of March 31, 2019, we have approximately $2.8 million remaining on this authorization to repurchase our common stock.

 

A reconciliation of the activity in Stockholders’ Equity accounts for the quarter ended March 31, 2019 is as follows (in thousands):

 

                           

Accumulated

  
           

Capital in

            

Other

  
   

Common

    

Excess of

    

Retained

    

Comprehensive

  
   

Stock

    

Par Value

    

Deficit

    

Loss

  

Balance at January 1, 2019

   $ 294     $ 17,285     $ (3,935 )   $ -  

Net income

     -       -       1,366       -  

Stock-based compensation expense

     -       21       -       -  

Balance at March 31, 2019

   $ 294     $ 17,306     $ (2,569 )   $ -  

 

12
 

 

A reconciliation of the activity in Stockholders’ Equity accounts for the quarter ended March 31, 2018 is as follows (in thousands):

 

                           

Accumulated

  
           

Capital in

            

Other

  
   

Common

    

Excess of

    

Retained

    

Comprehensive

  
   

Stock

    

Par Value

    

Deficit

    

Loss

  

Balance at January 1, 2018

   $ 298     $ 17,104     $ (2,745 )   $ (2,422 )

Net loss

     -       -       (3,367 )     -  

Settlement of employee benefit obligations directly related to the disposal transaction

     -       -       -       2,422  

Stock repurchase

     -       (103 )     -       -  

Stock-based compensation expense

     -       391       -       -  

Dividends

     -       (139 )     -       -  

Balance at March 31, 2018

   $ 298     $ 17,253     $ (6,112 )   $ -  

 

All of the stock compensation expense of $391,000 for the quarter ended March 31, 2018 was related to discontinued operations.

 

 

10.

Subsequent Events

 

Subsequent to March 31, 2019 through the report date, the Company has received principal payments from S&L of approximately $126,000 resulting in a current principal balance of approximately $3,570,000 under the S&L Note.

 

13
 

 

 

ITEM 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations

 

On March 2, 2018, we sold substantially all of our assets (the “Asset Sale”) to Churchill Downs LLC (“Buyer”), pursuant to the terms of the Asset Purchase Agreement, dated as of November 20, 2017, as amended by the First Amendment thereto dated January 22, 2017 (the “Asset Purchase Agreement”). Operations of the furniture business from January 1, 2018 through March 2, 2018 are reflected as discontinued operation pursuant to the provisions of Accounting Standards Codification 2015-20, Presentation of Financial Statements – Discontinued Operations for all periods presented.

 

Loss from discontinued operations, net of taxes, comprised the following for the three months ended March 31, 2019 and 2018 (in thousands):

 

   

2019

   

2018

  

Net sales

   $ -     $ 6,787  

Cost of sales

     -       6,485  

Selling, general and administrative expenses

     -       2,438  

Interest expense, net

     -       10  

Loss on sale of assets

     -       (865 )

Loss from discontinued operations before income taxes

     -       (3,011 )

Income tax (benefit) expense

     -       -  

Loss from discontinued operations, net of taxes

   $ -     $ (3,011 )

 

 

Included in selling, general and administrative expenses incurred for the three months ended March 31, 2018 were certain transaction costs including investment banking fees, legal fees, and other transaction costs directly attributable to the Asset Sale.

 

Net (liabilities) assets for discontinued operations are as follows (in thousands):

 

   

March 31,

    

March 31,

  
   

2019

    

2018

  

Accounts payable and other liabilities

   $ -     $ 14  

Accrued salaries, wages, and benefits

     -       360  

Other accrued expenses

     -       186  

Total liabilities

     -       560  

Net (liabilities) assets

   $ -     $ (560 )

 

As a result of the Asset Sale, the Company had no revenue-generating operations.  As of March 19, 2019, our sources of income include dividends on HC Realty Series B Stock, interest paid on the loan we made to HC Realty’s operating partnership, and interest paid on cash and subordinated secured promissory notes. The Company believes that the revenue generating from these sources in addition to the cash on hand is sufficient to fund operating expenses for at least 12 months from the date of these consolidated financial statements.  As disclosed in previous filings, the Company may consider a rights offering of the Company’s common stock to existing stockholders to raise additional cash for acquisitions in addition to the equity interest we acquired in HC Realty which could provide the Company greater resources and flexibility in acquiring additional non-furniture assets, which may include purchasing additional HC Realty Series B Stock.

 

On September 6, 2018, the Buyer sold certain of its assets, including certain inventory and the Stone & Leigh tradename (the “S&L Asset Sale”) to Stone & Leigh, LLC (“S&L”), which is owned by a group which includes Matthew W. Smith, the Company’s former interim Chief Executive Officer. As a part of the S&L Asset Sale, the Buyer assigned to S&L certain of its rights and obligations under the original $7.4 million subordinated secured promissory note issued (the “Original Note”) to the Company in March 2018 as partial consideration for the Asset Sale. In connection with the assignment, the Company entered into an Amended and Restated Subordinated Secured promissory note with the Buyer (the “A&R Note”) with a principal amount as of the assignment date of $3.3 million and a new Subordinated Secured Promissory Note with S&L (the “New Note”) a principal amount of $4.4 million as of the assignment date. For further information on the A&R Note and New Note, see Note 4 of the Notes to Consolidated Financial Statements in Item 1.

 

14
 

 

Results from Continuing Operations

 

Three Months Ended March 31, 2019

 

Interest income of $288,000 for the three month period ended March 31, 2019, consisted of $30,000 of cash interest income on our cash deposits, $49,000 of cash interest income on the Second A&R Note from Buyer, $97,000 and the New Note from S&L, $9,000 of accrued interest on the Loan to Affiliate, and $103,000 of accreted interest income on the fair value adjustment to the subordinated secured promissory notes.  The Company’s A&R Note from Buyer and New Note from S&L was paid cash interest current for the period ended March 31, 2019.  Dividend income of $7,000 for the three month period ended March 31, 2019 resulted from HC Realty’s Series B Stock.  During the first quarter, the Company received a distribution of its share of escrowed funds from Continued Dumping and Subsidy Offset Act (“CDSOA”) of approximately $1.2 million.  The Company does not expect any future disbursements related to these escrow funds.  The Company also sold its shares in Buyer’s parent for a gain of $120,000 during the three months ended March 31, 2019.

 

General and administrative expenses of $260,000 for the three month period ended March 31, 2019 consisted of $99,000 of professional fees, $46,000 of wages, $11,000 of fees and expenses primarily related to proxy and annual meeting voting, $38,000 of insurance expense, $21,000 of stock based compensation expense, and $45,000 of other operating expenses.

 

Our effective tax rate for the period is effectively 0% due to our net operating loss carryforwards.

 

Financial Condition, Liquidity and Capital Resources

 

Sources of liquidity include cash on hand and cash interest earned on our cash on hand and the New Note. We expect cash on hand to be adequate for ongoing operational expenditures for at least 12 months from the date of these financial statements. At March 31, 2019, we had $1.2 million in cash and $406,000 in restricted cash. Our unrestricted and restricted cash is currently held in savings accounts earning approximately 2.1%. We are being paid current interest on the A&R Note, the New Note with Stone & Leigh, LLC, and under the Loan Agreement with HC Realty. We also received quarterly dividends on our HC Realty common and Series B Stock of 5.5% and 10% annual rates, respectively.

 

Cash provided by continuing operations for the three month period ended March 31, 2019 of $1.2 million consisted of $176,000 of cash interest income received, $1.2 million of CDSOA escrow distributions offset by $173,000 of payments to employees and suppliers. The payments to employees and suppliers primarily consisted of $46,000 of wages to current management and $96,000 of legal and professional fees.

 

Cash used by investing activities for the three months ended March 31, 2019 included the Company’s investment in HC Realty’s common stock and Series B Stock of $3 million and $2 million, respectively. The Company also provided HC Realty’s operating partnership $2 million under the Loan Agreement. During the first quarter of 2019, the Company received $120,000 of proceeds from the sale of our shares in Buyer’s parent company and received cash principal payments on the subordinated secured promissory notes of $840,000.

 

Continued Dumping and Subsidy Offset Act

 

The CDSOA provides for distribution of monies collected by U.S. Customs and Border Protection (“Customs”) for imports covered by antidumping duty orders entering the United States through September 30, 2007 to eligible domestic producers that supported a successful antidumping petition (“Supporting Producers”) for wooden bedroom furniture imported from China. Antidumping duties for merchandise entering the U.S. after September 30, 2007 have remained with the U.S. Treasury.

 

In November 2018, Customs distributed $66,000 in collected duties that were available for distribution in 2018.  Our portion of these distributions was $26,000, representing 39.9% of the balance available for distribution in 2018.  As a result of revisions to our percentage allocation, the Company does not expect any material future distributions for collected duties.

 

15
 

 

As the CDSOA distributed monies collected by Customs to eligible domestic producers that supported a successful antidumping petition (“Supporting Producers”), a portion of the proceeds were retained and held in an escrow account in order to fund future expenses (such as professional fees) related to the petition.  During the first quarter of 2019, the Supporting Producers group decided, based on the current facts and circumstances of the petition, to disburse the portion of those funds related to the 2013, 2014, and first half of 2015 distributions.  The Company’s share of the escrow release was approximately $1.2 million, which we received on March 15, 2019.  The group of Supporting Producers expect that any remaining funds held in escrow will be used for future expenses related to the petition.  The Company does not expect any future disbursements related to these escrow funds.

 

Due to the uncertainty of the administrative processes, we cannot provide assurances as to future amounts of additional CDSOA funds that ultimately will be received, if any, and we cannot predict when we may receive any additional CDSOA funds.

 

Critical Accounting Policies

 

Our critical accounting policies and estimates from the information provided in Item 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations”, included in our 2018 Annual Report on Form 10-K. We believe that some of our critical accounting policies have changed as a result of the Investment in affiliate.

 

Equity Method Investments - Long-term investments consist of investments in equity securities where our ownership is less than 50% and the Company has the ability to exercise influence, but not control, over the investee. These investments are classified in “Investment in affiliate” on the consolidated balance sheets. The Company records the investment at costs and subsequently increases or decreases the investment by its proportionate share of the net income or loss and other comprehensive income or loss of the investee. If the Company believes a decline in market value below cost is other than temporary, a loss is charged to earnings, which establishes a new cost basis for the security. The Company determination of whether an equity method investment is other than temporarily impaired incorporates both quantitative and qualitative information. The Company considers a number of factors including, but not limited to, the length of time and the extent to which the fair value has been less than cost, the length of time expected for recovery, the financial condition of the investee, the reason for decline in fair value, the ability and intent to hold the investment to maturity, and other factors specific to the individual investment.

 

Forward-Looking Statements

 

Certain statements made in this report are not based on historical facts but are forward-looking statements.  These statements can be identified by the use of forward-looking terminology such as “believes,” “estimates,” “expects,” “may,” “will,” “should,” “could,” or “anticipates,” or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy.  These statements reflect our reasonable judgment with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.  Such risks and uncertainties include the occurrence of events that negatively impact the business or assets of HC Realty reducing the value of our investment in HC Realty, or that negatively impact our liquidity in such a way as to limit or eliminate our ability to use proceeds from the Asset Sale to fund acquisitions, or an inability on our part to identify a suitable business to acquire or develop with the proceeds of the Asset Sale.  Any forward-looking statement speaks only as of the date of this filing and we undertake no obligation to update or revise any forward-looking statements, whether as a result of new developments or otherwise.

 

ITEM 3. Quantitative and Qualitative Disclosures about Market Risk

 

Not required to be provided by a smaller reporting company.

 

16
 

 

ITEM 4. Controls and Procedures

 

(a)

Evaluation of disclosure controls and procedures. Under the supervision and with the participation of our management, including our principal executive officer and principal financial officer, we conducted an evaluation of our disclosure controls and procedures, as such term is defined under Rule 13a-15(e) promulgated under the Securities Exchange Act of 1934, as amended (the Exchange Act). Based on this evaluation, our principal executive officer and our principal financial officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this quarterly report.

 

(b)

Changes in internal controls over financial reporting. There were no changes in our internal control over financial reporting that occurred during the first quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

 

 

Part II. OTHER INFORMATION

 

 

ITEM 6. Exhibits

 

3.1

  

Restated Certificate of Incorporation of the Registrant (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 10-K (Commission File No. 0-14938) for the year ended December 31, 2017).
     

3.2

  

By-laws of the Registrant as amended (incorporated by reference to Exhibit 3.1 to the Registrant’s Form 8-K (Commission File No. 0-14938) filed November 20, 2017).
     

10.1

  

Second Amended and Restated Subordinated Secured Promissory Note, dated February 7, 2019, issued by Stanley Furniture Company LLC in favor of HG Holdings, Inc. (incorporated by reference to Exhibit 10.1 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed February 13, 2019).
     

10.2

  

Consent, Reaffirmation and Joinder, dated February 7, 2019, among Stanley Furniture Company LLC, Stanley Intermediate Holdings LLC, Churchill Downs Holdings Ltd., Stanley Furniture Company 2.0, LLC and HG Holdings, Inc. (incorporated by reference to Exhibit 10.2 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed February 13, 2019).
     

10.3

  

Agreement, dated February 7, 2019, between HG Holdings, Inc. and Churchill Downs Holdings Ltd. (incorporated by reference to Exhibit 10.3 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed February 13, 2019).
     

10.4

  

Intercreditor and Subordination Agreement, dated February 25, 2019, among HG Holdings, Inc. and Alterna Capital Solutions, LLC (incorporated by reference to Exhibit 10.1 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed March 1, 2019).
     

10.5

  

Subscription Agreement, dated as of March 19, 2019, by and between HC Government Realty Trust, Inc. and HG Holdings, Inc., with respect to the purchase of shares of Common Stock (incorporated by reference to Exhibit 10.1 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed March 25, 2019).
     

10.6

  

Subscription Agreement, dated as of March 19, 2019, by and between HC Government Realty Trust, Inc., and HG Holdings, Inc., with respect to the purchase of shares of Series B Stock (incorporated by reference to Exhibit 10.2 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed March 25, 2019).
     

10.7

  

Loan Agreement, dated as of March 19, 2019, by and between HC Government Realty Holdings, L.P., as borrower, the Lenders party thereto and HCM Agency, LLC, as collateral agent (incorporated by reference to Exhibit 10.3 of the Registrant’s Form 8-K (Commission File No. 0-14938) filed March 25, 2019).

 

17
 

 

31.1

  

Certification by Steven A. Hale II, our Chief Executive Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (1)
     

31.2

  

Certification by Brad G. Garner, our Principal Financial Officer, pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. (1) 
     

32.1

  

Certification of Steven A. Hale II, our Chief Executive Officer, pursuant to 18 U. S. C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002. (1) 
     

32.2

  

Certification of Brad G. Garner, our Principal Financial Officer, pursuant to 18 U. S. C. Section 1350, as adopted pursuant to section 906 of the Sarbanes-Oxley Act of 2002. (1) 
     

101

  

The following financial statements from the Company's Quarterly Report on Form 10-Q for the quarter ended March 31, 2019, formatted in Extensible Business Reporting Language (“XBRL”): (i) consolidated balance sheets, (ii) consolidated statements of operations, (iii) condensed consolidated statements of comprehensive (loss) income, (iv) condensed consolidated statements of cash flows, (v) the notes to the consolidated financial statements, and (vi) document and entity information. (1)
     
     
     
     
     
     

 

(1)

Filed herewith

 

18
 

 

SIGNATURE

 

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

Date: May 14, 2019  

HG HOLDINGS, INC.
   

By: /s/ Brad G. Garner
   

Brad G. Garner
   

Principal Financial and Accounting Officer

 

 EX-31.1 2 ex_143883.htm EXHIBIT 31.1 ex_143883.htm

Exhibit 31.1

 

I, Steven A. Hale II, certify that:

 

1.

I have reviewed this quarterly report on Form 10-Q of HG Holdings, Inc.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods in this report.

 

4.

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

 

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 14, 2019

By: /s/ Steven A. Hale II 
 

Steven A. Hale II
 

Chairman and Chief Executive Officer

 

 EX-31.2 3 ex_143884.htm EXHIBIT 31.2 ex_143884.htm

Exhibit 31.2

 

I, Brad G. Garner, certify that:

 

1.

I have reviewed this quarterly report on Form 10-Q of HG Holdings, Inc.;

 

2.

Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

 

3.

Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods in this report.

 

4.

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

 

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

 

 

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

 

 

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

 

 

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

5.

The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent function):

 

 

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

 

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: May 14, 2019

By: /s/ Brad G. Garner
 

Brad G. Garner
 

Principal Financial and Accounting Officer

 

 EX-32.1 4 ex_143885.htm EXHIBIT 32.1 ex_143885.htm

Exhibit 32.1

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the HG Holdings, Inc. (the “Company”) Quarterly Report on Form 10-Q for the period ended March 31, 2019 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Steven A. Hale II, Chief Executive Officer of the Company certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

 

(1).

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

 

(2).

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: May 14, 2019

By: /s/ Steven A. Hale II
 

Steven A. Hale II
 

Chairman and Chief Executive Officer

 

 EX-32.2 5 ex_143886.htm EXHIBIT 32.2 ex_143886.htm

Exhibit 32.2

 

CERTIFICATION PURSUANT TO 18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

 

In connection with the HG Holdings, Inc. (the “Company”) Quarterly Report on Form 10-Q for the period ended March 31, 2019 as filed with the Securities and Exchange Commission on the date hereof (the “Report”), I, Brad G. Garner, Principal Financial and Accounting Officer of the Company certify pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, that, to the best of my knowledge:

 

 

(1).

The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended; and

 

 

(2).

The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: May 14, 2019

By: /s/ Brad G. Garner
 

Brad G. Garner
 

Principal Financial and Accounting Officer

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 EX-101.INS 6 stly-20190331.xml XBRL INSTANCE DOCUMENT false --12-31 Q1 2019 2019-03-31 10-Q 0000797465 14551087 Yes false Non-accelerated Filer HG Holdings, Inc. true stly 9.10 1 391000 -560000 186000 2438000 41000 P10Y P20Y P5Y P10Y 120000 120000 1230000 57000 200000 300000 850000 850000 1348000 0.06 0.1 0.14 3 0.035 0.17 180000 120000 5000 50000 2500 28000 29000 54000 49000 103000 1000 1000 17306000 17285000 21000 391000 225000 278000 43000 15528000 14087000 2445000 7222000 1248000 6057000 6057000 6461000 631000 1654000 7475000 -4807000 6844000 1209000 9228000 -3157000 0.02 0.02 25000000 25000000 14712377 14712377 14712377 14712377 294000 294000 1366000 -945000 494000 494000 494000 0 7600000 -865000 -865000 -3011000 -3011000 14000 360000 6485000 10000 6787000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2.</div></div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Discontinued Operations</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">On&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2018,&nbsp;</div>we sold substantially all of our assets (the &#x201c;Asset Sale&#x201d;) to Churchill Downs LLC (&#x201c;Buyer&#x201d;), pursuant to the terms of the Asset Purchase Agreement, dated as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 20, 2017,&nbsp;</div>as amended by the First Amendment thereto dated&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 22, 2017 (</div>the &#x201c;Asset Purchase Agreement&#x201d;). Operations of the furniture business from <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2018 </div>through <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2018 </div>are reflected as discontinued operation pursuant to the provisions of Accounting Standards Codification <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20,</div> <div style="display: inline; font-style: italic;">Presentation of Financial Statements &#x2013; Discontinued Operations</div> for all periods presented.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Loss from discontinued operations, net of taxes, comprised the following for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> (in thousands):</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div><div style="display: inline; font-weight: bold;"> </div></div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 68%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,787</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of sales</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,485</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling, general and administrative expenses</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,438</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Interest expense, net</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Loss on sale of assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(865</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Loss from discontinued operations before income taxes</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,011</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income tax (benefit) expense</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Loss from discontinued operations, net of taxes</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,011</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Included in selling, general and administrative expenses incurred for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018 </div>were certain transaction costs including investment banking fees, legal fees, and other transaction costs directly attributable to the Asset Sale.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Net (liabilities) assets for discontinued operations are as follows (in thousands):</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Accounts payable and other liabilities</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Accrued salaries, wages, and benefits</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">360</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Other accrued expenses</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">186</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Total liabilities</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">560</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Net (liabilities) assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(560</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">As a result of the Asset Sale, the Company had <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> revenue-generating operations.&nbsp; As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 19, 2019, </div>our sources of income include dividends on HC Realty Series B Stock, interest paid on the loan we made to HC Realty&#x2019;s operating partnership, and interest paid on cash and subordinated secured promissory notes. The Company believes that the revenue generating from these sources in addition to the cash on hand is sufficient to fund operating expenses for at least <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">12</div> months from the date of these consolidated financial statements.&nbsp; As disclosed in previous filings, the Company <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>consider a rights offering of the Company&#x2019;s common stock to existing stockholders to raise additional cash for acquisitions in addition to the equity interest we acquired in HC Realty which could provide the Company greater resources and flexibility in acquiring additional non-furniture assets, which <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div>include purchasing additional HC Realty Series B Stock.</div></div> 139000 0.09 -0.23 0 0 2000 17000 2000000 3000000 8500000 0.072 0 0.099 0 0.171 0 4940000 2000000 2940000 4940000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6</div></div><div style="display: inline; font-weight: bold;">.</div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Investment in Affiliate</div><div style="display: inline; font-weight: bold;"> </div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 19, 2019, </div>the Company entered into subscription agreements with HC Realty, pursuant to which it purchased (i) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">200,000</div> shares of HC Realty&#x2019;s <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10.00%</div> Series B Cumulative Convertible Preferred Stock (the &#x201c;Series B Stock&#x201d;) for an aggregate purchase price of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2,000,000</div> and (ii) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">300,000</div> shares of HC Realty&#x2019;s common stock for an aggregate purchase price of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,000,000.</div>&nbsp; Certain investors affiliated with HPCM purchased an additional <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">850,000</div> shares of Series B Stock for an aggregate purchase price of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$8,500,000.</div>&nbsp; While some of these investors have other investments with HPCM, each of these investors made a separate and direct investment in HC Realty and HPCM does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> receive management fees, performance fees, or any other economic benefits with respect to these investors&#x2019; investment in HC Realty&#x2019;s Series B Stock.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">The Series B Stock is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> deemed to be in-substance common stock and is accounted for using the measurement alternative for equity investments with <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> readily determinable fair value.&nbsp; The Series B Stock will be reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments issued by HC Realty.&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The following table summarizes the Company&#x2019;s investment in HC Realty as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018 (</div>in thousands):</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Ownership %</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Investment in Affiliate</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Balance</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Loss</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">recorded in</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">the Consolidated</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Statements of</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Operations (b)</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">For the Three</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Months Ended</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 28%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">HC Realty Series B Stock (a)</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7.2</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.0</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">HC Realty common stock</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9.9</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.0</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,940</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(19</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding: 0px; border-bottom: thin solid rgb(0, 0, 0);">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Total</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">17.1</div></div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 0%; padding: 0px 0px 3px;"><div style="display: inline; font-weight: bold;">%</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">0.0</div></div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 0%; padding: 0px 0px 3px;"><div style="display: inline; font-weight: bold;">%</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">4,940</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">(19</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding: 0px; border-bottom: medium double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">)</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div> <div style=" margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <table border="0" cellpadding="0" cellspacing="0" style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:18pt;">&nbsp;</td> <td style="width:18pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">(a)</div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Represents investments in shares of HC Realty preferred stock with a basis of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2</div> million. Each share of preferred stock can be converted into <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">one</div> share of HC Realty common stock at a conversion price equal to the lesser of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$9.10</div> per share or the fair market value per share of HC Realty common stock, subject to adjustment upon the occurrence of certain events.</div> </td> </tr> </table> <table border="0" cellpadding="0" cellspacing="0" style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:18pt;">&nbsp;</td> <td style="width:18pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">(b)</div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-right:0pt;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;">Loss&nbsp;from these investments is included in &#x201c;Loss from affiliate&#x201d; in the consolidated statement of operations. Since HC Realty is a Real Estate Investment Trust and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> a taxable entity, the loss is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> reported net of taxes.</div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 18pt;">The Company&#x2019;s investment in HC Realty common stock is accounted for under the equity method of accounting.&nbsp; The company determined that accounting for under the equity method was appropriate even though the Company owns less than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20%</div> of the fully diluted shares outstanding because the Company holds significant influence of HC Realty. Additional information for the Company&#x2019;s investment in HC Realty follows:</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;">HC Realty was formed in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div> as a Maryland corporation, and incident to filing its federal income tax return for, and commencing with, its fiscal year ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2017, </div>elected to be taxed as a REIT for federal income tax purposes. HC Realty was formed primarily to source, acquire, own and manage built-to-suit or improved-to-suit, single-tenant properties leased by the United States of America and administered by the U.S General Services Administration or directly by the occupying agency, both of which are referred to as &#x201c;GSA Properties.&#x201d; HC Realty invests primarily in GSA Properties across secondary and smaller markets with sizes ranging from <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5,000</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">50,000</div> rentable square feet, and in their listed lease term after construction or improvement to post-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9/11</div> standards. HC Realty further emphasizes GSA Properties that fulfill mission critical or citizen service functions. Leases associated with the GSA Properties in which HC Realty invests are full faith and credit obligations of the United States of America.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;">HC Realty&#x2019;s principal objective is the creation of value for stockholders by utilizing its relationships and knowledge of GSA Properties, specifically, the acquisition, management and disposition of GSA Properties. On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>HC Realty&#x2019;s had a portfolio of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16</div> GSA Properties, including <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> GSA Properties for which HC Realty owns all of the rights to the profits, losses, any distributed cash flow and all of the other benefits and burdens of ownership for federal income tax purposes rather than a fee simple interest.&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:18pt;">The GSA-leased, real estate asset class has a number of attributes that HC Realty believes will offer its stockholders significant benefits, including a highly creditworthy and very stable tenant base, long-term lease structures and low risk of tenant turnover. GSA leases are backed by the full faith and credit of the United States, and the GSA has never experienced a financial default. Payment of rents under GSA leases are funded through the Federal Buildings Fund and are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> subject to direct federal appropriations, which can fluctuate with federal budget and political priorities. In addition to presenting reduced risk of default, GSA leases typically have long initial terms of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">ten</div> to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20</div> years with renewal leases having terms of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">five</div> to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">ten</div> years, which limit operational risk. Upon renewal of a GSA lease, base rent typically is reset based on a number of factors at the time of renewal, including inflation and the replacement cost of the building, that generally HC Realty expects will increase over the life of the lease.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">GSA-leased properties generally provide attractive investment opportunities but require specialized knowledge and expertise. Each U.S. Government agency has its own customs, procedures, culture, needs and mission, which results in different requirements for its leased space. Furthermore, the GSA-leased sector is highly fragmented with a significant amount of non-institutional owners, who lack HC Realty&#x2019;s infrastructure and experience with GSA-leased properties. Moreover, while there are a number of national real estate brokers that hold themselves out as having GSA-leased property expertise, there are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> national or regional clearinghouses for GSA-leased properties. HC Realty believes this fragmentation can be ascribed particularly to the U.S. Government&#x2019;s &#x2013; including GSA&#x2019;s &#x2013;procurement policies, including policies of preference for small, female and minority owned businesses. As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> August 2015, </div>the largest owner of GSA-leased properties owned approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3.5%</div> of the GSA-leased properties on a rent per square foot (RSF) basis, and the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">ten</div> largest owners of GSA-leased properties collectively owned approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17%</div> of the GSA-leased properties by RSF.&nbsp;Long-term relationships and specialized institutional knowledge regarding the agencies, their space needs and the hierarchy and importance of a property to its tenant agency are crucial to understanding which agencies and properties present the greatest likelihood of long-term agency occupancy, and, therefore, to identifying and acquiring attractive GSA-leased properties. HC Realty&#x2019;s portfolio is diversified among occupancy agencies, including a number of the largest and most essential agencies, such as the Drug Enforcement Administration, the Federal Bureau of Investigation, the Social Security Administration and the Department of Transportation.</div></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Ownership %</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Investment in Affiliate</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Balance</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Loss</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">recorded in</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">the Consolidated</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Statements of</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Operations (b)</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">For the Three</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Months Ended</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td colspan="2" nowrap="nowrap" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0); width: 0%; padding: 0px;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December 31,</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2019</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 28%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">&nbsp;</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">HC Realty Series B Stock (a)</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7.2</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.0</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,000</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">HC Realty common stock</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9.9</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0.0</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">%</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,940</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(19</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding: 0px; border-bottom: thin solid rgb(0, 0, 0);">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Total</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">17.1</div></div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 0%; padding: 0px 0px 3px;"><div style="display: inline; font-weight: bold;">%</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">0.0</div></div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 0%; padding: 0px 0px 3px;"><div style="display: inline; font-weight: bold;">%</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">4,940</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">(19</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding: 0px; border-bottom: medium double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">)</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 9%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> 168000 1366000 -356000 1366000 -337000 0.09 -0.02 -3011000 -3011000 -0.21 -19000 -19000 -19000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div></div><div style="display: inline; font-weight: bold;">.</div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Income taxes</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>we recorded a non-cash reversal to our valuation allowance of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$882,000</div> decreasing our valuation allowance against deferred tax assets to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$7.6</div> million at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019. </div>The primary assets covered by this valuation allowance are net operating losses, which are approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$32.1</div> million at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019. </div>The Company did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> make any cash payments for income tax in the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month periods ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018</div> due to our net operating loss.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We maintain a valuation allowance against deferred tax assets that currently exceed our deferred tax liabilities. The primary assets covered by this valuation allowance are net operating loss carry-forwards. The valuation allowance was calculated in accordance with the provisions of ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">740,</div> <div style="display: inline; font-style: italic;">Income Taxes</div>, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance. Our results over the most recent <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">four</div>-year period were heavily affected by our business restructuring activities. Our cumulative loss represented sufficient negative evidence to require a valuation allowance. We intend to maintain a valuation allowance until sufficient positive evidence exists to support its reversal, resulting in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> deferred tax asset balance being recognized. Should we determine that we will <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> be able to realize all or part of our deferred tax asset in the future, an adjustment to the deferred tax asset will be charged to income in the period such determination is made.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> our deferred tax asset balance is <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$494,000</div> and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$0,</div> respectively.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:36pt;margin-top:0pt;text-align:left;text-indent:-36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Our effective tax rate for the current and prior year <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month periods were effectively <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">0%</div> due to our net operating loss carryforwards.</div></div> 19000 0 0 488000 488000 -1000 6000 -12000 70000 15000 15000 67000 19000 -11000 27000 0 0 43000 9000 7000 288000 75000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7</div></div><div style="display: inline; font-weight: bold;">.</div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Investment in Closely Held Company </div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The Company held an equity interest in Churchill Downs Holdings Ltd (&#x201c;Churchill&#x201d;), a British Virgin Island business company which it received as partial consideration for the sale of substantially all of its assets during <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018.</div> The investment in Churchill is accounted for as investments in equity securities of nonpublic entities without readily determinable fair values, which are carried at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company reviews its equity securities without readily determinable fair values on a regular basis to determine if the investment is impaired. For purposes of this assessment, the Company considers the investee&#x2019;s cash position, liquidity, earnings and revenue outlook, equity position, and ownership, among other factors, in its review. If management&#x2019;s assessment indicates that an impairment exists, the Company estimates the fair value of the equity investment and recognizes in current earnings an impairment loss that is equal to the difference between the fair value of the equity investment and its carrying amount.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">During the prior year, the Company determined that the equity investment was impaired and determined the fair value to be zero. The cumulative amount of the impairment at <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>totaled <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$168,000.</div> In determining the amount of the impairment for <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018,</div> management considered relevant known transactions that occurred on or before the balance sheet date and the different rights and obligations of the securities subject to the impairment assessment. Factors that significantly influenced the determination of the impairment loss included the equity security&#x2019;s voting rights, priority claims to the equity security, distributions rights and preferences, and the investee&#x2019;s cash position, liquidity, earnings and revenue outlook.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Pursuant to a stock purchase agreement dated <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 7, 2019, </div>Buyer&#x2019;s British Virgin Island parent company repurchased <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,500</div> shares of its stock held by the Company. The Company <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> longer maintains an equity interest in Buyer&#x2019;s British Virgin Island parent company. The Company recorded a gain on the sale of the stock of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$120,000</div> during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019.</div></div></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">5</div></div><div style="display: inline; font-weight: bold;">.</div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Loan to Affiliate</div><div style="display: inline; font-weight: bold;"> </div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 19, 2019, </div>the Company, together with certain other Lenders, entered into a loan agreement (the &#x201c;Loan Agreement&#x201d;) with HC Realty&#x2019;s operating partnership, and HCM Agency, LLC, as collateral agent (the &#x201c;Agent&#x201d;), pursuant to which the Lenders provided HC Realty&#x2019;s operating partnership with a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$10,500,000</div> senior secured term loan (the &#x201c;Initial Term Loan&#x201d;), of which <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2,000,000</div> was provided by the Company.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The Loan Agreement matures on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 19, 2022. </div>Interest on the Loan Agreement accrues at a rate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14%</div> per annum. Accrued interest for the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$9,000.</div></div></div> 497000 443000 15528000 14087000 143000 156000 560000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4.</div></div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Subordinated Note</div><div style="display: inline; font-weight: bold;">s</div><div style="display: inline; font-weight: bold;"> Receivable </div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The Company received a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$7.4</div> million subordinated secured promissory note (the &#x201c;Original Note&#x201d;) from the Buyer as partial consideration for the sale of substantially all of our assets during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2018.</div> On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 6, 2018, </div>the Buyer sold certain of its assets, including certain inventory and the Stone &amp; Leigh tradename (the &#x201c;S&amp;L Asset Sale&#x201d;) to Stone &amp; Leigh, LLC (&#x201c;S&amp;L&#x201d;), which is owned by a group which includes Matthew W. Smith, the Company&#x2019;s former interim Chief Executive Officer. As a part of the S&amp;L Asset Sale, the Buyer assigned to S&amp;L certain of its rights and obligations under the original <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$7.4</div> million subordinated secured promissory note. In connection with the assignment, the Company entered into an Amended and Restated Subordinated Secured promissory note with the Buyer (the &#x201c;A&amp;R Note&#x201d;) and a new Subordinated Secured Promissory Note with S&amp;L (the &#x201c;New Note&#x201d;).</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The A&amp;R Note has a principal amount as of the assignment date of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3.3</div> million.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 7, 2019, </div>the Company, Buyer and related parties entered into a Consent, Reaffirmation, and Joinder (the &#x201c;Consent&#x201d;) in connection with a new senior credit facility that Buyer expected to enter into with Alterna Capital Solutions, LLC (&#x201c;Alterna&#x201d;).&nbsp; Pursuant to the Consent, Buyer paid <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$180,000</div> of principal and accrued interest under the A&amp;R Note as provided in the Consent and Buyer delivered a Seconded Amended and Restated Subordinated Secured Promissory Note (the &#x201c;Second A&amp;R Note&#x201d;) in favor of the Company. The Second A&amp;R Note has a principal amount of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,201,536</div> and remains payable <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> later than <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2023, </div>at which time the total principal amount is due. Interest on the principal balance of the note continues to accrue daily at an annual fixed rate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6%.</div> The other terms of the Second A&amp;R Note are substantially the same as those of the A&amp;R Note. The Second A&amp;R Note also remains guaranteed by Stanley Intermediate Holdings LLC, formerly Churchill Downs Intermediate Holdings LLC. Pursuant to the Consent, Buyer&#x2019;s British Virgin Island parent company has also guaranteed the Second A&amp;R Note.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 25, 2019, </div>Buyer closed and funded its new senior credit facility with Alterna. Pursuant to the Consent, the Company entered into an Intercreditor and Debt Subordination Agreement, dated <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 25, 2019 (</div>the &#x201c;Subordination Agreement&#x201d;), with Alterna. The Subordination Agreement with Alterna is generally on the same terms as the subordination agreement the Company previously entered into with North Mill Capital, LLC in connection with the original subordinated secured promissory note dated <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2018 </div>from Buyer in favor of the Company, except that principal payments on the Second A&amp;R Note, before satisfaction of the of indebtedness to Alterna and termination of the Subordination Agreement, are conditioned upon (l) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> event of default under the new senior credit facility existing or resulting from the payment, &nbsp;(<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2</div>) availability under the new senior credit facility to make the payment, (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div>) all tax and debt obligations of Stanley Furniture Company, LLC (&#x201c;SFC&#x201d;) being current and within their terms, &nbsp;and (<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">4</div>) there being <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> delinquency in payables or other obligations of SFC to specified critical vendors. Cash interest payments of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$49,000</div> were received during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019. </div>Also, during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019,</div> the Company received principal payments on the Second A&amp;R Note of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$197,000.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We evaluated the fair value of the A&amp;R Note at the assignment date. During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">first</div> quarter <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2019,</div> we recorded accreted interest income on the fair value adjustment of the A&amp;R Note of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$54,000.</div> Resulting from the accretion of the fair value discount and the principal payments, the carrying value of the A&amp;R Note decreased to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2.2</div> million as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019.</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The New Note had a principal amount of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$4.4</div> million as of the assignment date. The New Note also matures on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2023, </div>at which time the total principal amount is due. Interest on the New Note accrues at a fixed rate of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10%</div> per annum. Cash interest payments of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$97,000</div> were received during the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019. </div>During the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> months ending <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>the Company received <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$643,000</div> of principal payments on the New Note.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">At the assignment date, we evaluated the fair value of the New Note. We recorded accreted interest income on the fair value adjustment of the New Note of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$49,000.</div> Resulting from the accretion of the fair value discount and the principal payments, the carrying amount of the New Note was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2.9</div> million as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019.</div></div></div> 7280000 -133000 -6040000 1233000 -303000 1366000 -3367000 1366000 -3367000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><div style="display: inline; font-family: times new roman; font-size: 10pt"><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">Recent Accounting Pronouncements</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 2016, </div>the Financial Accounting Standards Board (&#x201c;FASB&#x201d;) issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,</div> <div style="display: inline; font-style: italic;">Financial Instruments &#x2013; Credit Losses (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">326</div>): Measurement of Credit Losses on Financial Instruments </div>(&#x201c;ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13&#x201d;</div>). The amendments in ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. In addition, ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendment is effective for public entities for annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2019, </div>however early application is permitted for reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018. </div>The Company does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> anticipate the adoption of ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> to have a material impact to the consolidated financial statements.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 2016, </div>the FASB issued its final lease accounting standard, ASC, <div style="display: inline; font-style: italic;">Leases </div>(Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">842</div>) (&#x201c;ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02&#x201d;</div>), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">840,</div> requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">840</div>) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">840</div>). The Company adopted the standard effective <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2019. </div>As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have any long-term leases. We will evaluate the effect that ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> will have on our consolidated financial statements and related disclosures at such time a long-term lease is executed. Our only lease as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>relates to a real estate lease for the corporate office space. The adoption did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have material impact to the consolidated financial statements.</div></div></div> 3570000 5145000 5882000 3300000 3201536 4400000 7400000 2200000 2900000 10500000 2000000 2000000 16 -260000 -412000 32100000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:36pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1.</div></div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Preparation of Interim Unaudited Consolidated Financial Statements</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (&#x201c;SEC&#x201d;). In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with generally accepted accounting principles in the United States have been either condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of results of operations and financial position. Operating results for the interim periods reported herein <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> be indicative of the results expected for the year. These consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our latest Annual Report on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div>-K.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">On&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2018,&nbsp;</div>HG Holdings, Inc. (the &#x201c;Company&#x201d;) sold substantially all of its assets (the &#x201c;Asset Sale&#x201d;) to Stanley Furniture Company LLC, formerly Churchill Downs LLC (&#x201c;Buyer&#x201d;), pursuant to the terms of the Asset Purchase Agreement, dated as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> November 20, 2017,&nbsp;</div>as amended by the First Amendment thereto dated&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 22, 2017 (</div>the &#x201c;Asset Purchase Agreement&#x201d;). Operations of the furniture business from <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2018 </div>through <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 2, 2018 </div>are reflected as discontinued operations pursuant to the provisions of Accounting Standards Codification (&#x201c;ASC&#x201d;) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2015</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">20,</div> <div style="display: inline; font-style: italic;">Presentation of Financial Statements &#x2013; Discontinued Operations</div> for all periods presented. As a result of the sale, the Company <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> longer has a wholly owned subsidiary.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Results of discontinued operations are excluded from the accompanying notes to the consolidated financial statement for all periods presented, unless otherwise noted.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 6, 2018, </div>as previously reported on Form <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">8</div>-K filed by the Company with the Securities and Exchange Commission on <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> September 12, 2018, </div>Buyer sold certain of its assets, including certain inventory of the Stone &amp; Leigh tradename (the &#x201c;S&amp;L Asset Sale&#x201d;), to Stone &amp; Leigh, LLC (&#x201c;S&amp;L&#x201d;), a newly formed limited liability company owned by a group which includes Matthew W. Smith, the Company&#x2019;s former interim Chief Executive Officer. As a part of the S&amp;L Asset Sale, Buyer assigned to S&amp;L certain of its rights and obligations under the subordinated secured promissory note payable to the Company (&#x201c;Original Note&#x201d;).</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">As a result of both the Asset Sale and the S&amp;L Asset Sale, we have a variable interest in <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> entities that have been determined to be variable interest entities&nbsp;("VIE"). If we conclude that we are the primary beneficiary of a VIE, we are required to consolidate it. To determine if we are the primary beneficiary, we evaluate whether we have the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Our evaluation includes identification of significant activities and an assessment of our ability to direct those activities based on governance provisions and arrangements to provide or receive product and process technology, product supply, operations services, equity funding, financing, and other applicable agreements and circumstances. Our assessments of whether we are the primary beneficiary of our VIE requires significant assumptions and judgments. We have concluded that we are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> the primary beneficiary of the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">two</div> VIEs as we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have the power to direct the activities that most significantly impact the VIEs&#x2019; economic performance and therefore are <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> required to consolidate these entities.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 19, 2019, </div>we entered into subscription agreements with HC Government Realty Trust, Inc., a Maryland corporation (&#x201c;HC Realty&#x201d;), pursuant to which we purchased (i) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">200,000</div> shares of HC Realty&#x2019;s <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10.00%</div> Series B Cumulative Convertible Preferred Stock (the &#x201c;Series B Stock&#x201d;) for an aggregate purchase price of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2,000,000</div> and (ii) <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">300,000</div> shares of HC Realty&#x2019;s common stock for an aggregate purchase price of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,000,000.</div>&nbsp; Certain investors affiliated with Hale Partnership Capital Management, LLC (the &#x201c;HPCM&#x201d;) purchased an additional <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">850,000</div> shares of Series B Stock for an aggregate purchase price of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$8,500,000.</div>&nbsp; While some of these investors have other investments with HPCM, each of these investors made a separate and direct investment in HC Realty and HPCM does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> receive management fees, performance fees, or any other economic benefits with respect to these investors&#x2019; investment in HC Realty&#x2019;s Series B Stock.</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left;">&nbsp;</div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">On <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 19, 2019, </div>the Company and certain entities affiliated with HPCM (the &#x201c;Lenders&#x201d;) also entered into a loan agreement with HC Realty&#x2019;s operating partnership (the &#x201c;Operating Partnership&#x201d;), pursuant to which the Lenders provided the Operating Partnership with a <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$10,500,000</div> senior secured term loan, of which <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2,000,000</div> was provided by the Company. While some of these entities have other investments with HPCM, each of these entities made the loan separate and direct to HC Realty and HPCM does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> receive management fees, performance fees, or any other economic benefits with respect to the loan agreement.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt 7.2pt;text-align:left;">&nbsp;</div> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: left; text-indent: 36pt;">As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 31, 2018, </div>HC Realty owned and operated a portfolio of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">16</div> single-tenant properties leased entirely to the United States of America for occupancy by federal agencies including the Federal Bureau of Investigation, the Drug Enforcement Administration, the Social Security Administration and the Department of Transportation.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">Recent Accounting Pronouncements</div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> June 2016, </div>the Financial Accounting Standards Board (&#x201c;FASB&#x201d;) issued ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13,</div> <div style="display: inline; font-style: italic;">Financial Instruments &#x2013; Credit Losses (Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">326</div>): Measurement of Credit Losses on Financial Instruments </div>(&#x201c;ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13&#x201d;</div>). The amendments in ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. In addition, ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendment is effective for public entities for annual reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2019, </div>however early application is permitted for reporting periods beginning after <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> December 15, 2018. </div>The Company does <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> anticipate the adoption of ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">13</div> to have a material impact to the consolidated financial statements.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">In <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> February 2016, </div>the FASB issued its final lease accounting standard, ASC, <div style="display: inline; font-style: italic;">Leases </div>(Topic <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">842</div>) (&#x201c;ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02&#x201d;</div>), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">840,</div> requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">840</div>) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">840</div>). The Company adopted the standard effective <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> January 1, 2019. </div>As of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>we do <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have any long-term leases. We will evaluate the effect that ASU <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2016</div>-<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">02</div> will have on our consolidated financial statements and related disclosures at such time a long-term lease is executed. Our only lease as of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>relates to a real estate lease for the corporate office space. The adoption did <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> have material impact to the consolidated financial statements.</div></div> 113000 110000 495000 480000 -2422000 -2422000 354000 287000 2000000 103000 30000 5000000 0.1 246000 273000 197000 643000 126000 840000 49000 97000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style=";font-family:'Times New Roman', Times, serif;font-size:10pt; min-width: 700px;"> <tr> <td style="width:36pt;vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3.</div></div></div> </td> <td style="vertical-align:top;"> <div style=" font-family:'Times New Roman', Times, serif;margin-top:0pt;text-align:left;margin-bottom:0pt;font-size:10pt;"><div style="display: inline; font-weight: bold;">Property, Plant and Equipment </div></div> </td> </tr> </table> <div style=" margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(in thousands)</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31</div><div style="display: inline; font-weight: bold;">,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December 31,</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Computers and equipment</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">7</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Furniture and fixtures</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">3</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Property, plant and equipment, at cost</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">10</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Less accumulated depreciation</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">1</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Property, plant and equipment, net</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">9</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div></div> 7000 7000 3000 3000 10000 10000 9000 9000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">(in thousands)</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31</div><div style="display: inline; font-weight: bold;">,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">December 31,</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Computers and equipment</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">7</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">7</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Furniture and fixtures</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">3</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Property, plant and equipment, at cost</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">10</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Less accumulated depreciation</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">1</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Property, plant and equipment, net</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">9</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> 406000 404000 406000 404000 21000 -2569000 -3935000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div><div style="display: inline; font-weight: bold;"> </div></div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 68%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Net sales</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,787</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Cost of sales</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">6,485</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Selling, general and administrative expenses</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,438</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Interest expense, net</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Loss on sale of assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(865</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Loss from discontinued operations before income taxes</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 13%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,011</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Income tax (benefit) expense</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Loss from discontinued operations, net of taxes</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 13%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,011</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Accounts payable and other liabilities</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Accrued salaries, wages, and benefits</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">360</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Other accrued expenses</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">186</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Total liabilities</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">560</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt 0pt 0pt 9pt; text-align: left;">Net (liabilities) assets</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);">$</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(560</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;">)</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 21.6pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Three Months Ended</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="border-bottom: 1px rgb(0, 0, 0); text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="border-bottom: 1px rgb(0, 0, 0); text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 9pt; text-indent: -9pt;">Weighted average shares outstanding for basic calculation</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">14,508</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,573</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Add: Effect of dilutive stock options</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">43</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 9pt; text-indent: -9pt;">Weighted average shares outstanding, adjusted for diluted calculation</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">14,551</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,573</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Accumulated</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Capital in</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Other</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Common</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" nowrap="nowrap" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%; padding: 0px;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Excess of</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Retained</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Comprehensive</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:center;">Stock</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: center;">Par Value</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Deficit</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Loss</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%; margin-left: 0pt; text-align: left;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Balance at January 1, 2019</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">294</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,285</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,935</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Net income</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,366</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Stock-based compensation expense</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">21</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Balance at March 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">294 </div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">17,306</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">(2,569</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"><div style="display: inline; font-weight: bold;">)</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Accumulated</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Capital in</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Other</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Common</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Excess of</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Retained</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Comprehensive</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:center;">Stock</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: center;">Par Value</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Deficit</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Loss</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Balance at January 1, 2018</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">298</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,104</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,745</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,422</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Net loss</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,367</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Settlement of employee benefit obligations directly related to the disposal transaction</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,422</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Stock repurchase</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(103</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Stock-based compensation expense</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">391</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Dividends</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(139</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Balance at March 31, 2018</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">298 </div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">17,253</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">(6,112</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"><div style="display: inline; font-weight: bold;">)</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table></div> 260000 412000 5000000 2800000 103000 0 0 174565 103000 15031000 13644000 294000 17285000 -3935000 294000 17306000 -2569000 298000 17104000 -2745000 -2422000 298000 17253000 -6112000 <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">9</div></div><div style="display: inline; font-weight: bold;">.</div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Stockholders&#x2019; Equity</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options and restricted stock are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data (in thousands):</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="6" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 21.6pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt; text-align: center;">Three Months Ended</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="border-bottom: 1px rgb(0, 0, 0); text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">March 31,</div></div></div> </td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="border-bottom: 1px rgb(0, 0, 0); text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">March 31,</div> </td> <td style="border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">2018</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 70%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 9pt; text-indent: -9pt;">Weighted average shares outstanding for basic calculation</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">14,508</div></div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,573</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Add: Effect of dilutive stock options</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">43</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt; margin-left: 9pt; text-indent: -9pt;">Weighted average shares outstanding, adjusted for diluted calculation</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">&nbsp;</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">14,551</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 3px double rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">14,573</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:justify;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">For the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month period ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div>approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">225,000</div> stock awards were excluded from the diluted per share calculation as they would be anti-dilutive. For the prior <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month period ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018, </div>the dilutive effect of stock options and restricted awards was <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div></div> recognized since we had net losses. For the period ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018, </div>approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">278,000</div> shares of stock options and <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">43,000</div> shares of restricted awards were <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">not</div> included in the diluted per share calculation because they were anti-dilutive.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">We will repurchase common shares from time to time that are tendered by recipients of restricted stock awards to satisfy tax withholding obligations on vested restricted stock. There were <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> such repurchased shares during&nbsp;the current <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month period.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">In&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> July 2012,&nbsp;</div>the Board authorized the purchase of up to&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$5.0</div>&nbsp;million of our common stock.&nbsp; These repurchases&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> may&nbsp;</div>be made from time to time in the open market, in privately negotiated transactions, or otherwise, at prices the Company deems appropriate.&nbsp;&nbsp;In the <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month period ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019, </div><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">no</div> shares were repurchased. In the prior <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">three</div> month period ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018, </div>we repurchased <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">174,565</div> shares for <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$103,000.</div> As of&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019,&nbsp;</div>we have approximately&nbsp;<div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$2.8</div>&nbsp;million remaining on this authorization to repurchase our common stock.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">A reconciliation of the activity in Stockholders&#x2019; Equity accounts for the quarter ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>is as follows (in thousands):</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Accumulated</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Capital in</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Other</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Common</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" nowrap="nowrap" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%; padding: 0px;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Excess of</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Retained</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Comprehensive</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:center;">Stock</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: center;">Par Value</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Deficit</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Loss</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%; margin-left: 0pt; text-align: left;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin: 0pt;">Balance at January 1, 2019</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">294</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,285</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,935</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Net income</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">1,366</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Stock-based compensation expense</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">21</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Balance at March 31, 2019</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">294 </div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">17,306</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">(2,569</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"><div style="display: inline; font-weight: bold;">)</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div> <div style=" font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left"></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">A reconciliation of the activity in Stockholders&#x2019; Equity accounts for the quarter ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018 </div>is as follows (in thousands):</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div> <table border="0" cellpadding="0" cellspacing="0" style="; font-size: 10pt; font-family: &quot;Times New Roman&quot;, Times, serif; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Accumulated</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Capital in</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 11%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">&nbsp;</div></td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Other</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Common</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-left: 0pt; margin-top: 0pt; text-align: center;">Excess of</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Retained</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Comprehensive</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin-bottom:0pt;margin-left:0pt;margin-top:0pt;text-align:center;">Stock</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0pt; text-align: center;">Par Value</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Deficit</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 1%;">&nbsp;</td> <td colspan="2" style="text-align: center; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); width: 1%;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;">Loss</div> </td> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; width: 1%;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Balance at January 1, 2018</div> </td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">298</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">17,104</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 11%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,745</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">$</td> <td style="width: 12%; border-bottom: 1px rgb(0, 0, 0); text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(2,422</div></td> <td nowrap="nowrap" style="width: 1%; border-bottom: 1px rgb(0, 0, 0); font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Net loss</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(3,367</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Settlement of employee benefit obligations directly related to the disposal transaction</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">2,422</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Stock repurchase</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(103</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Stock-based compensation expense</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">391</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(255, 255, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Dividends</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(139</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 1px;">)</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);">&nbsp;</td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">-</div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 1px; margin-left: 0pt;">&nbsp;</td> </tr> <tr style="vertical-align: bottom; background-color: rgb(204, 238, 255);"> <td style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; width: 43%;"> <div style=" font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-bottom: 0pt; margin-top: 0pt;">Balance at March 31, 2018</div> </td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">298 </div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">17,253</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 11%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">(6,112</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; padding-bottom: 3px;"><div style="display: inline; font-weight: bold;">)</div></td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">&nbsp;</td> <td style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;">$</div></td> <td style="width: 12%; text-align: right; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 3px double rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">-</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; padding-bottom: 3px; margin-left: 0pt;">&nbsp;</td> </tr> </table> </div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">All of the stock compensation expense of <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$391,000</div> for the quarter ended <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2018 </div>was related to discontinued operations.</div></div> <div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="; text-indent: 0px; min-width: 700px;"> <tr style="vertical-align: top;"> <td style="width: 36pt;"> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">10.</div></div></div> </td> <td> <div style=" margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;"><div style="display: inline; font-weight: bold;">Subsequent Events</div></div> </td> </tr> </table> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">&nbsp;</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;text-indent:36pt;">Subsequent to <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> March 31, 2019 </div>through the report date, the Company has received principal payments from S&amp;L of approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$126,000</div>&nbsp;resulting in a current principal balance of approximately <div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">$3,570,000</div>&nbsp;under the S&amp;L Note.</div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;"><div style="display: inline; font-weight: bold;">&nbsp;</div></div></div> -882000 14551000 14573000 14508000 14573000 Represents investments in shares of HC Realty preferred stock with a basis of $2 million. Each share of preferred stock can be converted into one share of HC Realty common stock at a conversion price equal to the lesser of $9.10 per share or the fair market value per share of HC Realty common stock, subject to adjustment upon the occurrence of certain events. Loss from these investments is included in &#8220;Loss from affiliate&#8221; in the consolidated statement of operations. Since HC Realty is a Real Estate Investment Trust and not a taxable entity, the loss is not reported net of taxes. xbrli:shares xbrli:pure utr:sqft iso4217:USD iso4217:USD xbrli:shares 0000797465 2018-01-01 2018-03-31 0000797465 us-gaap:EmployeeStockOptionMember 2018-01-01 2018-03-31 0000797465 us-gaap:RestrictedStockMember 2018-01-01 2018-03-31 0000797465 us-gaap:DiscontinuedOperationsHeldforsaleMember stly:FurnitureBusinessMember 2018-01-01 2018-03-31 0000797465 stly:FurnitureBusinessMember 2018-01-01 2018-03-31 0000797465 stly:CommonStockOfInvesteeMember stly:HCGovernmentRealtyTrustIncMember 2018-01-01 2018-03-31 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:HCGovernmentRealtyTrustIncMember 2018-01-01 2018-03-31 0000797465 stly:PrivatelyNegotiatedTransactionMember us-gaap:CommonStockMember 2018-01-01 2018-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember 2018-01-01 2018-03-31 0000797465 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-01-01 2018-03-31 0000797465 us-gaap:AdditionalPaidInCapitalMember 2018-01-01 2018-03-31 0000797465 us-gaap:CommonStockMember 2018-01-01 2018-03-31 0000797465 us-gaap:RetainedEarningsMember 2018-01-01 2018-03-31 0000797465 2019-01-01 2019-03-31 0000797465 stly:ARNoteMember 2019-01-01 2019-03-31 0000797465 stly:NewNoteMember 2019-01-01 2019-03-31 0000797465 stly:SecondAAndRNoteMember 2019-01-01 2019-03-31 0000797465 stly:SeniorSecuredTermLoanMember 2019-01-01 2019-03-31 0000797465 us-gaap:EmployeeStockOptionMember 2019-01-01 2019-03-31 0000797465 us-gaap:RestrictedStockMember 2019-01-01 2019-03-31 0000797465 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember stly:FurnitureBusinessMember 2019-01-01 2019-03-31 0000797465 us-gaap:DiscontinuedOperationsHeldforsaleMember stly:FurnitureBusinessMember 2019-01-01 2019-03-31 0000797465 stly:FurnitureBusinessMember 2019-01-01 2019-03-31 0000797465 stly:CommonStockOfInvesteeMember stly:HCGovernmentRealtyTrustIncMember 2019-01-01 2019-03-31 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:HCGovernmentRealtyTrustIncMember 2019-01-01 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember srt:MaximumMember 2019-01-01 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember srt:MinimumMember 2019-01-01 2019-03-31 0000797465 stly:PrivatelyNegotiatedTransactionMember us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember 2019-01-01 2019-03-31 0000797465 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-01-01 2019-03-31 0000797465 us-gaap:AdditionalPaidInCapitalMember 2019-01-01 2019-03-31 0000797465 us-gaap:CommonStockMember 2019-01-01 2019-03-31 0000797465 us-gaap:RetainedEarningsMember 2019-01-01 2019-03-31 0000797465 stly:ARNoteMember 2019-02-07 2019-02-07 0000797465 stly:ChurchillDownsHoldingsLtdMember 2019-02-07 2019-02-07 0000797465 stly:CommonStockOfInvesteeMember stly:InvestorsAffiliatedWithTheHalePartnershipMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 2019-03-19 0000797465 stly:CommonStockOfInvesteeMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 2019-03-19 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:InvestorsAffiliatedWithTheHalePartnershipMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 2019-03-19 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 2019-03-19 0000797465 stly:NewNoteMember us-gaap:SubsequentEventMember 2019-04-01 2019-05-13 0000797465 stly:PrivatelyNegotiatedTransactionMember us-gaap:CommonStockMember 2012-07-31 0000797465 2015-08-31 0000797465 2017-12-31 0000797465 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2017-12-31 0000797465 us-gaap:AdditionalPaidInCapitalMember 2017-12-31 0000797465 us-gaap:CommonStockMember 2017-12-31 0000797465 us-gaap:RetainedEarningsMember 2017-12-31 0000797465 2018-03-31 0000797465 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember stly:FurnitureBusinessMember 2018-03-31 0000797465 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-03-31 0000797465 us-gaap:AdditionalPaidInCapitalMember 2018-03-31 0000797465 us-gaap:CommonStockMember 2018-03-31 0000797465 us-gaap:RetainedEarningsMember 2018-03-31 0000797465 stly:ARNoteMember 2018-09-06 0000797465 stly:NewNoteMember 2018-09-06 0000797465 2018-12-31 0000797465 stly:CommonStockOfInvesteeMember stly:HCGovernmentRealtyTrustIncMember 2018-12-31 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:HCGovernmentRealtyTrustIncMember 2018-12-31 0000797465 us-gaap:FurnitureAndFixturesMember 2018-12-31 0000797465 us-gaap:MachineryAndEquipmentMember 2018-12-31 0000797465 stly:HCGovernmentRealtyTrustIncMember 2018-12-31 0000797465 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2018-12-31 0000797465 us-gaap:AdditionalPaidInCapitalMember 2018-12-31 0000797465 us-gaap:CommonStockMember 2018-12-31 0000797465 us-gaap:RetainedEarningsMember 2018-12-31 0000797465 stly:SecondAAndRNoteMember 2019-02-07 0000797465 stly:SeniorSecuredTermLoanMember 2019-03-19 0000797465 stly:SeniorSecuredTermLoanMember stly:TheLendersMember 2019-03-19 0000797465 stly:CommonStockOfInvesteeMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:InvestorsAffiliatedWithTheHalePartnershipMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:HCGovernmentRealtyTrustIncMember 2019-03-19 0000797465 2019-03-31 0000797465 stly:ARNoteMember 2019-03-31 0000797465 stly:NewNoteMember 2019-03-31 0000797465 stly:SeniorSecuredTermLoanMember 2019-03-31 0000797465 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember stly:FurnitureBusinessMember 2019-03-31 0000797465 stly:CommonStockOfInvesteeMember stly:HCGovernmentRealtyTrustIncMember 2019-03-31 0000797465 stly:SeriesBCumulativeConvertiblePreferredStockMember stly:HCGovernmentRealtyTrustIncMember 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember srt:MaximumMember 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember srt:MinimumMember 2019-03-31 0000797465 us-gaap:FurnitureAndFixturesMember 2019-03-31 0000797465 us-gaap:MachineryAndEquipmentMember 2019-03-31 0000797465 stly:PrivatelyNegotiatedTransactionMember us-gaap:CommonStockMember 2019-03-31 0000797465 stly:HCGovernmentRealtyTrustIncMember 2019-03-31 0000797465 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2019-03-31 0000797465 us-gaap:AdditionalPaidInCapitalMember 2019-03-31 0000797465 us-gaap:CommonStockMember 2019-03-31 0000797465 us-gaap:RetainedEarningsMember 2019-03-31 0000797465 stly:ChurchillDownsHoldingsLtdMember 2019-03-31 0000797465 stly:NewNoteMember us-gaap:SubsequentEventMember 2019-05-13 0000797465 2019-05-14 EX-101.SCH 7 stly-20190331.xsd XBRL TAXONOMY EXTENSION SCHEMA 000 - Document - Document And Entity Information link:calculationLink link:definitionLink link:presentationLink 001 - Statement - Consolidated Balance Sheets (Current Period Unaudited) link:calculationLink link:definitionLink link:presentationLink 002 - Statement - Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) link:calculationLink link:definitionLink link:presentationLink 003 - Statement - Consolidated Statements of Operations (Unaudited) link:calculationLink link:definitionLink link:presentationLink 004 - Statement - Consolidated Statements of Operations (Unaudited) (Parentheticals) link:calculationLink link:definitionLink link:presentationLink 005 - Statement - Consolidated Statements of Comprehensive Income (Loss) (Unaudited) link:calculationLink link:definitionLink link:presentationLink 006 - Statement - Consolidated Statements of Cash Flows (Unaudited) link:calculationLink link:definitionLink link:presentationLink 007 - Disclosure - Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements link:calculationLink link:definitionLink link:presentationLink 008 - Disclosure - Note 2 - Discontinued Operations link:calculationLink link:definitionLink link:presentationLink 009 - Disclosure - Note 3 - Property, Plant and Equipment link:calculationLink link:definitionLink link:presentationLink 010 - Disclosure - Note 4 - Subordinated Notes Receivable link:calculationLink link:definitionLink link:presentationLink 011 - Disclosure - Note 5 - Loan to Affiliate link:calculationLink link:definitionLink link:presentationLink 012 - Disclosure - Note 6 - Investment in Affiliate link:calculationLink link:definitionLink link:presentationLink 013 - Disclosure - Note 7 - Investment in Closely Held Company link:calculationLink link:definitionLink link:presentationLink 014 - Disclosure - Note 8 - Income Taxes link:calculationLink link:definitionLink link:presentationLink 015 - Disclosure - Note 9 - Stockholders' Equity link:calculationLink link:definitionLink link:presentationLink 016 - Disclosure - Note 10 - Subsequent Events link:calculationLink link:definitionLink link:presentationLink 017 - Disclosure - Significant Accounting Policies (Policies) link:calculationLink link:definitionLink link:presentationLink 018 - Disclosure - Note 2 - Discontinued Operations (Tables) link:calculationLink link:definitionLink link:presentationLink 019 - Disclosure - Note 3 - Property, Plant and Equipment (Tables) link:calculationLink link:definitionLink link:presentationLink 020 - Disclosure - Note 6 - Investment in Affiliate (Tables) link:calculationLink link:definitionLink link:presentationLink 021 - Disclosure - Note 9 - Stockholders' Equity (Tables) link:calculationLink link:definitionLink link:presentationLink 022 - Disclosure - Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements (Details Textual) link:calculationLink link:definitionLink link:presentationLink 023 - Disclosure - Note 2 - Discontinued Operations - Gains, Losses and Net Assets (Details) link:calculationLink link:definitionLink link:presentationLink 024 - Disclosure - Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) link:calculationLink link:definitionLink link:presentationLink 025 - Disclosure - Note 4 - Subordinated Notes Receivable (Details Textual) link:calculationLink link:definitionLink link:presentationLink 026 - Disclosure - Note 5 - Loan to Affiliate (Details Textual) link:calculationLink link:definitionLink link:presentationLink 027 - Disclosure - Note 6 - Investment in Affiliate (Details Textual) link:calculationLink link:definitionLink link:presentationLink 028 - Disclosure - Note 6 - Investment in Affiliate - Equity Method Investments (Details) link:calculationLink link:definitionLink link:presentationLink 029 - Disclosure - Note 7 - Investment in Closely Held Company (Details Textual) link:calculationLink link:definitionLink link:presentationLink 030 - Disclosure - Note 8 - Income Taxes (Details Textual) link:calculationLink link:definitionLink link:presentationLink 031 - Disclosure - Note 9 - Stockholders' Equity (Details Textual) link:calculationLink link:definitionLink link:presentationLink 032 - Disclosure - Note 9 - Stockholders' Equity - Basic and Diluted Earnings Per Share Calculation (Details) link:calculationLink link:definitionLink link:presentationLink 033 - Disclosure - Note 9 - Stockholders' Equity - Reconciliation of Activity in Stockholders' Equity Accounts (Details) link:calculationLink link:definitionLink link:presentationLink 034 - Disclosure - Note 10 - Subsequent Events (Details Textual) link:calculationLink link:definitionLink link:presentationLink EX-101.CAL 8 stly-20190331_cal.xml XBRL TAXONOMY EXTENSION CALCULATION LINKBASE EX-101.DEF 9 stly-20190331_def.xml XBRL TAXONOMY EXTENSION DEFINITION LINKBASE EX-101.LAB 10 stly-20190331_lab.xml XBRL TAXONOMY EXTENSION LABEL LINKBASE Document And Entity Information Note To Financial Statement Details Textual Significant Accounting Policies Note 2 - Discontinued Operations Note 3 - Property, Plant and Equipment Note 6 - Investment in Affiliate Note 9 - Stockholders' Equity Note 2 - Discontinued Operations - Gains, Losses and Net Assets (Details) Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) Note 6 - Investment in Affiliate - Equity Method Investments (Details) Note 9 - Stockholders' Equity - Basic and Diluted Earnings Per Share Calculation (Details) Income Tax Disclosure [Text Block] Note 9 - Stockholders' Equity - Reconciliation of Activity in Stockholders' Equity Accounts (Details) Notes To Financial Statements Stock compensation expense Notes To Financial Statements [Abstract] Other assets us-gaap_LiabilitiesCurrent Total current liabilities Principal payments received on subordinated secured notes receivable Proceeds from Collection of Notes Receivable us-gaap_OtherComprehensiveIncomeDefinedBenefitPlansAdjustmentNetOfTaxPortionAttributableToParent Settlement of employee benefit obligations directly related to the disposal transaction Subordinated notes receivable us-gaap_AccretionAmortizationOfDiscountsAndPremiumsInvestments Accretion (Amortization) of Discounts and Premiums, Investments Accretion income on notes receivable Churchill Downs Holdings, Ltd. [Member] The entity Churchill Downs Holdings, Ltd. Depreciation expense us-gaap_AssetsCurrent Total current assets Stockholders' Equity Note Disclosure [Text Block] us-gaap_PaymentsForAdvanceToAffiliate New borrowings on loan receivable to affiliate Other accrued expenses stly_DisposalGroupIncludingDiscontinuedOperationOtherAccruedLiabilities Amount classified as other accrued liabilities attributable to disposal group held for sale or disposed of. Income tax receivable Selling, general and administrative expenses stly_DisposalGroupIncludingDiscontinuedOperationSellingGeneralAndAdministrativeExpense Amount of selling, general and administrative expense attributable to disposal group, including, but not limited to, discontinued operation. stly_NotesReceivableInterestRate Notes Receivable, Interest Rate The interest rate applicable to a note receivable. stly_DisposalGroupIncludingDiscontinuedOperationNetAssetsLiabilities Net (liabilities) assets Amount classified as net assets (liabilities) attributable to disposal group held for sale or disposed of. Common stock, $0.02 par value, 25,000,000 shares authorized, 14,712,377 shares issued and outstanding on each respective date Adjustments to reconcile net income from operations to net cash flows from operating activities: Common stock, shares authorized (in shares) Common stock, shares issued (in shares) Common stock, par value (in dollars per share) us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount Accrued salaries, wages and benefits us-gaap_DeferredTaxAssetsValuationAllowance Deferred Tax Assets, Valuation Allowance, Total Statistical Measurement [Domain] Maximum [Member] Minimum [Member] Accounts payable Loans, Notes, Trade and Other Receivables Disclosure [Text Block] us-gaap_DeferredTaxAssetsNet Deferred Tax Assets, Net of Valuation Allowance, Total Statistical Measurement [Axis] Investment, Name [Domain] Other accrued expenses us-gaap_PolicyTextBlockAbstract Accounting Policies Investment, Name [Axis] Property, Plant and Equipment Disclosure [Text Block] Property, Plant and Equipment [Table Text Block] Add: Effect of dilutive stock options (in shares) Incremental Common Shares Attributable to Share-based Payment Arrangements, Total Weighted average shares outstanding: us-gaap_IncomeTaxesPaidNet Income Taxes Paid, Net, Total Gain on sale of closely held stock Gain (Loss) on Sale of Closely Held Stock Gain on sale of closely held stock Represents the gain (loss) during the period attributable to the sale of closely held stock. Investments and Other Noncurrent Assets [Text Block] LIABILITIES Interest and dividend receivables Carrying amount as of the balance sheet date of current interest and dividends earned but not received. Proceeds from sale of closely held stock Represents the cash inflow during the period from the sale of closely held stock. us-gaap_ProceedsFromInterestReceived Proceeds from Interest Received us-gaap_Assets Total assets Supplemental Non-Cash Disclosures: us-gaap_PreferredStockDividendRatePercentage Preferred Stock, Dividend Rate, Percentage us-gaap_NotesAndLoansReceivableGrossCurrent Financing Receivable, before Allowance for Credit Loss, Current Statement [Line Items] Furniture and Fixtures [Member] Capital in excess of par value AOCI Attributable to Parent [Member] STOCKHOLDERS’ EQUITY Property, Plant and Equipment, Type [Axis] Property, Plant and Equipment, Type [Domain] Net income (loss) from continuing operations Income (loss) from continuing operations Loss from discontinued operations, net of taxes Loss from discontinued operations Net income (loss) Net income (loss) Net income (loss) us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations Cash and restricted cash Cash and restricted cash at beginning of period Cash and restricted cash at end of period ASSETS stly_ProceedsFromCollectionOfNotesReceivablePrincipalAndInterest Proceeds from Collection of Notes Receivable, Principal and Interest The cash inflow associated with principal and interest collections from a borrowing supported by a written promise to pay an obligation. Second A&R Note [Member] Represents information pertaining to the second A&R Note. Interest income us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect Net (decrease) increase in cash and restricted cash Dividend income Restricted Stock [Member] us-gaap_Liabilities Total liabilities stly_NumberOfGSAPropertiesForWhichTheEntityOwnsAllRightsBenefitsAndBurdensOfOwnership Number of GSA Properties for Which the Entity Owns All Rights, Benefits and Burdens of Ownership Represents the number of GSA properties for which the entity owns all of the rights to the profits, losses, any distributed cash flow and all of the other benefits and burdens of ownership for federal income tax purposes rather than a fee simple interest. stly_RentableAreaOfEachGsaPropertyInvestedIn Rentable Area of Each GSA Property Invested In Represents the rentable area of each GSA property invested in. us-gaap_OperatingIncomeLoss Total operating expenses Share-based Payment Arrangement, Option [Member] us-gaap_LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation Total liabilities stly_ConvertiblePreferredStockMaximumConversionPrice Convertible Preferred Stock, Maximum Conversion Price Represents the maximum conversion price per share of convertible preferred stock. Prepaid expenses and other current assets stly_PercentageOfGSALeasedPropertiesOwnedByTheTenLargestOwnersOfGSALeasedProperties Percentage of GSA-leased Properties Owned By the Ten Largest Owners of GSA-leased Properties Represents the percentage of the GSA-lease properties owned by the ten largest owners of GSA-lease properties, on a rent per square foot (RSF) basis, as of a specified date. stly_PercentageOfGSALeasedPropertiesOwnedByTheLargestOwnerOfGSALeasedProperties Percentage of GSA-leased Properties Owned By the Largest Owner of GSA-leased Properties Represents the percentage of the GSA-lease properties owned by the largest owner of GSA-lease properties, on a rent per square foot (RSF) basis, as of a specified date. stly_GSALeasesRenewalTerm GSA Leases, Renewal Term Represents the renewal term of GSA leases. Antidilutive Securities [Axis] stly_GSALeasesInitialLeaseTerm GSA Leases, Initial Lease Term Represents the typical initial lease term of GSA leases. Antidilutive Securities, Name [Domain] Cash used by discontinued operations Cash provided by investing activities Cash provided by financing activities us-gaap_NetCashProvidedByUsedInDiscontinuedOperations Net cash provided by discontinued operations us-gaap_EquityMethodInvestmentAggregateCost Equity Method Investment, Aggregate Cost us-gaap_NetCashProvidedByUsedInInvestingActivitiesContinuingOperations Net cash used by investing activities Less accumulated depreciation Property, plant and equipment, net Property, plant and equipment, net us-gaap_NetCashProvidedByUsedInFinancingActivitiesContinuingOperations Net cash used by financing activities stly_SaleOfCloselyHeldStockShares Sale of Closely Held Stock, Shares Represents the number of shares of closely held stock sold during the period. Cash flows from discontinued operations: us-gaap_NetCashProvidedByUsedInOperatingActivitiesContinuingOperations Net cash provided by (used in) continuing operations Property, plant and equipment, gross us-gaap_PaymentsRelatedToTaxWithholdingForShareBasedCompensation Stock purchase and retirement for tax withholdings on vesting of restricted award us-gaap_Dividends Dividends Disposal Group Classification [Axis] Disposal Group Classification [Domain] us-gaap_NotesReceivableGross Financing Receivable, before Allowance for Credit Loss, Total Equity Method Investments and Joint Ventures Disclosure [Text Block] us-gaap_EquityMethodInvestmentOwnershipPercentage Ownership percentage Equity Method Investments [Table Text Block] stly_ConvertiblePreferredStockOfInvesteeSharesIssuedUponConversion Convertible Preferred Stock of Investee, Shares Issued Upon Conversion Represents the number of common shares issued or issuable for each share of the investee's convertible preferred stock. Common Stock of Investee [Member] Represents information pertaining to an investee's common stock. Series B Cumulative Convertible Preferred Stock [Member] Represents information pertaining to Series B Cumulative Convertible Preferred Stock. Loss from discontinued operations (including loss on sale of assets of $865) Loss from discontinued operations before income taxes Investments in and Advances to Affiliates, Schedule of Investments [Text Block] us-gaap_DiscontinuedOperationTaxEffectOfDiscontinuedOperation Income tax (benefit) expense Cash flows from investing activities: us-gaap_PaymentsForRepurchaseOfCommonStock Repurchase and retirement of common stock us-gaap_InterestIncomeRelatedParty Interest Income, Related Party us-gaap_EquitySecuritiesWithoutReadilyDeterminableFairValueImpairmentLossCumulativeAmount Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount us-gaap_DiscontinuedOperationGainLossFromDisposalOfDiscontinuedOperationBeforeIncomeTax Loss on sale of assets Retained Earnings [Member] Loss on sale of assets us-gaap_DiscontinuedOperationGainLossOnDisposalOfDiscontinuedOperationNetOfTax Income from Continued Dumping and Subsidy Offset Act Income from Continued Dumping and Subsidy Offset Act which are funds provided from the U.S. Treasury as a result of favorable legal action against Chinese suppliers that dumped furniture in the U.S. us-gaap_StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1 Stock Repurchase Program, Remaining Authorized Repurchase Amount Loss from affiliate Loss from affiliate Loss recorded in the Consolidated Statements of Operations Discontinued operations Investment in affiliate Investment in affiliate, balance Additional Paid-in Capital [Member] Common Stock [Member] us-gaap_StockRepurchaseProgramAuthorizedAmount1 Stock Repurchase Program, Authorized Amount us-gaap_IncreaseDecreaseInAccruedLiabilities Accrued salaries and other accrued expenses us-gaap_IncomeTaxExpenseBenefit Income tax expense Equity Components [Axis] Equity Component [Domain] Variable Interest Entities [Axis] us-gaap_IncreaseDecreaseInAccountsPayable Accounts payable Variable Interest Entity, Classification [Domain] us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest Income (loss) from continuing operations before income taxes Operating Expenses A&R Note [Member] Represents the information pertaining to A&R Note. Privately Negotiated Transaction [Member] Information related to a privately negotiated transaction. Restricted cash us-gaap_RestrictedCash Restricted cash Cash New Note [Member] A new Subordinated Secured Promissory Note with S&L. us-gaap_IncreaseDecreaseInOtherNoncurrentLiabilities Other long-term liabilities Machinery and Equipment [Member] Amendment Flag Accounting Policies [Abstract] us-gaap_ComprehensiveIncomeNetOfTax Comprehensive income (loss) New Accounting Pronouncements, Policy [Policy Text Block] Furniture Business [Member] Represents the information pertaining to furniture business. Common stock, shares outstanding (in shares) stly_LineOfCreditReduction Payments made on line of credit from proceeds of the sale The value of line of credit terminated (or reduced) in noncash investing or financing transactions. Current Fiscal Year End Date Receivable Type [Axis] us-gaap_NotesReceivableNet Financing Receivable, after Allowance for Credit Loss, Total Receivable [Domain] us-gaap_IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets Prepaid expenses, income tax receivables, and other current assets Document Fiscal Period Focus Document Fiscal Year Focus HC Government Realty Trust, Inc [Member] The entity HC Government Realty Trust, Inc., a Maryland corporation (“HC Realty”). Document Period End Date Senior Secured Term Loan [Member] Represents information related to the senior secured term loan. Discontinued Operations, Disposed of by Sale [Member] stly_InvestmentSharesPurchasedDuringPeriod Investment, Shares Purchased During Period The amount of shares purchased during period as part on an investment. Discontinued Operations, Held-for-sale [Member] Entity Emerging Growth Company Investors Affiliated with the Hale Partnership [Member] Information related to the investors affiliated with Hale Partnership Capital Management, LLC (the “Hale Partnership”). Document Type stly_DiscontinuedOperationShareBasedCompensation Discontinued Operation, Share-based Compensation Amount of share-based compensation recognized resulting from the disposal of a discontinued operation. Entity Small Business The Lenders [Member] Information related to the reporting Company and certain entities affiliated with the Hale Partnership which in conjunction are referred to as the “Lenders”. Document Information [Line Items] Document Information [Table] Accrued salaries, wages, and benefits us-gaap_DisposalGroupIncludingDiscontinuedOperationAccruedLiabilities Entity Filer Category Entity Current Reporting Status Accounts payable and other liabilities us-gaap_DisposalGroupIncludingDiscontinuedOperationAccountsPayable us-gaap_NumberOfRealEstateProperties Number of Real Estate Properties us-gaap_AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount Diluted (in shares) Weighted average shares outstanding, adjusted for diluted calculation (in shares) Stock-based compensation expense Statement of Comprehensive Income [Abstract] Loss from discontinued operations (in dollars per share) us-gaap_EarningsPerShareBasicAndDiluted Net income (loss) (in dollars per share) Entity Central Index Key us-gaap_OperatingLossCarryforwards Operating Loss Carryforwards, Total Entity Registrant Name Basic and diluted income (loss) per share: Income (loss) from continuing operations (in dollars per share) Entity [Domain] Legal Entity [Axis] Statement [Table] Statement of Financial Position [Abstract] Weighted average shares outstanding for basic calculation (in shares) Basic (in shares) us-gaap_EffectiveIncomeTaxRateContinuingOperations Effective Income Tax Rate Reconciliation, Percent, Total Interest expense, net us-gaap_DisposalGroupIncludingDiscontinuedOperationInterestExpense us-gaap_StockRepurchasedDuringPeriodShares Stock Repurchased During Period, Shares Net sales us-gaap_DisposalGroupIncludingDiscontinuedOperationRevenue Statement of Cash Flows [Abstract] Cost of sales us-gaap_DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold Entity Common Stock, Shares Outstanding (in shares) us-gaap_StockRepurchasedAndRetiredDuringPeriodValue Stock repurchase us-gaap_StockRepurchasedDuringPeriodValue Stock Repurchased During Period, Value Income Statement [Abstract] Disposal Groups, Including Discontinued Operations [Table Text Block] Disposal Group Name [Axis] Disposal Group Name [Domain] us-gaap_IncreaseDecreaseInOtherNoncurrentAssets Other assets Disposal Groups, Including Discontinued Operations, Disclosure [Text Block] Investments [Domain] Trading Symbol Investment Type [Axis] Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block] us-gaap_TableTextBlock Notes Tables us-gaap_SellingGeneralAndAdministrativeExpense General and administrative expenses Dividends on investment in affiliate Represents the amount of dividends on investment in affiliate. Cash flows from financing activities: us-gaap_NotesReceivableRelatedParties Notes Receivable, Related Parties Other long-term liabilities Loan to affiliate us-gaap_LiabilitiesAndStockholdersEquity Total liabilities and stockholders’ equity Related Party Transaction [Axis] Related Party Transaction [Domain] Retained deficit Changes in assets and liabilities: us-gaap_StockholdersEquity Total stockholders’ equity Balance Balance us-gaap_DisclosureTextBlockAbstract Notes to Financial Statements us-gaap_PaymentsToAcquireEquityMethodInvestments Investment in affiliate Subsequent Event [Member] Class of Stock [Axis] Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Schedule of Stockholders Equity [Table Text Block] Deferred tax assets Subsequent Event Type [Axis] Subsequent Event Type [Domain] Subsequent Events [Text Block] EX-101.PRE 11 stly-20190331_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE XML 12 R1.htm IDEA: XBRL DOCUMENT v3.19.1
Document And Entity Information - shares
 3 Months Ended
Mar. 31, 2019
May 14, 2019
Document Information [Line Items]    
Entity Registrant Name HG Holdings, Inc.  
Entity Central Index Key 0000797465  
Trading Symbol stly  
Current Fiscal Year End Date --12-31  
Entity Filer Category Non-accelerated Filer  
Entity Current Reporting Status Yes  
Entity Emerging Growth Company false  
Entity Small Business true  
Entity Common Stock, Shares Outstanding (in shares)   14,551,087
Document Type 10-Q  
Document Period End Date Mar. 31, 2019  
Document Fiscal Year Focus 2019  
Document Fiscal Period Focus Q1  
Amendment Flag false  
XML 13 R2.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
ASSETS    
Cash $ 1,248 $ 6,057
Restricted cash 406 404
Interest and dividend receivables 57
Prepaid expenses and other current assets 246 273
Income tax receivable 488 488
Total current assets 2,445 7,222
Property, plant and equipment, net 9 9
Investment in affiliate 4,940
Subordinated notes receivable 5,145 5,882
Loan to affiliate 2,000
Other assets 495 480
Deferred tax assets 494 494
Total assets 15,528 14,087
LIABILITIES    
Accounts payable 28 29
Accrued salaries, wages and benefits 2 17
Other accrued expenses 113 110
Total current liabilities 143 156
Other long-term liabilities 354 287
Total liabilities 497 443
STOCKHOLDERS’ EQUITY    
Common stock, $0.02 par value, 25,000,000 shares authorized, 14,712,377 shares issued and outstanding on each respective date 294 294
Capital in excess of par value 17,306 17,285
Retained deficit (2,569) (3,935)
Total stockholders’ equity 15,031 13,644
Total liabilities and stockholders’ equity $ 15,528 $ 14,087
XML 14 R3.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - $ / shares
Mar. 31, 2019
Dec. 31, 2018
Common stock, par value (in dollars per share) $ 0.02 $ 0.02
Common stock, shares authorized (in shares) 25,000,000 25,000,000
Common stock, shares issued (in shares) 14,712,377 14,712,377
Common stock, shares outstanding (in shares) 14,712,377 14,712,377
XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Operating Expenses    
General and administrative expenses $ (260) $ (412)
Total operating expenses (260) (412)
Interest income 288 75
Dividend income 7
Gain on sale of closely held stock 120
Income from Continued Dumping and Subsidy Offset Act 1,230
Loss from affiliate (19)
Income (loss) from continuing operations before income taxes 1,366 (337)
Income tax expense (19)
Income (loss) from continuing operations 1,366 (356)
Discontinued operations    
Loss from discontinued operations (including loss on sale of assets of $865) (3,011)
Loss from discontinued operations (3,011)
Net income (loss) $ 1,366 $ (3,367)
Basic and diluted income (loss) per share:    
Income (loss) from continuing operations (in dollars per share) $ 0.09 $ (0.02)
Loss from discontinued operations (in dollars per share) (0.21)
Net income (loss) (in dollars per share) $ 0.09 $ (0.23)
Weighted average shares outstanding:    
Basic (in shares) 14,508 14,573
Diluted (in shares) 14,551 14,573
XML 16 R5.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Operations (Unaudited) (Parentheticals)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
USD ($)
Loss on sale of assets $ 865
XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Comprehensive Income (Loss) (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net income (loss) $ 1,366 $ (3,367)
Settlement of employee benefit obligations directly related to the disposal transaction 2,422
Comprehensive income (loss) $ 1,366 $ (945)
XML 18 R7.htm IDEA: XBRL DOCUMENT v3.19.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net income (loss) from continuing operations $ 1,366 $ (356)
Adjustments to reconcile net income from operations to net cash flows from operating activities:    
Depreciation expense
Accretion income on notes receivable (103)
Stock compensation expense 21
Gain on sale of closely held stock (120)
Loss from affiliate 19
Changes in assets and liabilities:    
Prepaid expenses, income tax receivables, and other current assets 11 (27)
Other assets (15) (15)
Accounts payable (1) 6
Accrued salaries and other accrued expenses (12) 70
Other long-term liabilities 67 19
Net cash provided by (used in) continuing operations 1,233 (303)
Cash flows from investing activities:    
Investment in affiliate (5,000)
New borrowings on loan receivable to affiliate (2,000)
Principal payments received on subordinated secured notes receivable 840
Proceeds from sale of closely held stock 120
Net cash used by investing activities (6,040)
Cash flows from financing activities:    
Repurchase and retirement of common stock (103)
Stock purchase and retirement for tax withholdings on vesting of restricted award (30)
Net cash used by financing activities (133)
Cash flows from discontinued operations:    
Cash used by discontinued operations (3,157)
Cash provided by investing activities 9,228
Cash provided by financing activities 1,209
Net cash provided by discontinued operations 7,280
Net (decrease) increase in cash and restricted cash (4,807) 6,844
Cash and restricted cash at beginning of period 6,461 631
Cash and restricted cash at end of period 1,654 7,475
Cash and restricted cash 6,461 631
Supplemental Non-Cash Disclosures:    
Payments made on line of credit from proceeds of the sale (1,348)
Dividends on investment in affiliate $ 41
XML 19 R8.htm IDEA: XBRL DOCUMENT v3.19.1
Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]
1.
Preparation of Interim Unaudited Consolidated Financial Statements
 
The consolidated financial statements have been prepared in accordance with the rules and regulations of the Securities and Exchange Commission (“SEC”). In our opinion, these statements include all adjustments necessary for a fair presentation of the results of all interim periods reported herein. All such adjustments are of a normal recurring nature. Certain information and footnote disclosures prepared in accordance with generally accepted accounting principles in the United States have been either condensed or omitted pursuant to SEC rules and regulations. However, we believe that the disclosures made are adequate for a fair presentation of results of operations and financial position. Operating results for the interim periods reported herein
may
not
be indicative of the results expected for the year. These consolidated financial statements should be read in conjunction with the consolidated financial statements and accompanying notes included in our latest Annual Report on Form
10
-K.
 
On 
March 2, 2018, 
HG Holdings, Inc. (the “Company”) sold substantially all of its assets (the “Asset Sale”) to Stanley Furniture Company LLC, formerly Churchill Downs LLC (“Buyer”), pursuant to the terms of the Asset Purchase Agreement, dated as of
November 20, 2017, 
as amended by the First Amendment thereto dated 
January 22, 2017 (
the “Asset Purchase Agreement”). Operations of the furniture business from
January 1, 2018
through
March 2, 2018
are reflected as discontinued operations pursuant to the provisions of Accounting Standards Codification (“ASC”)
2015
-
20,
Presentation of Financial Statements – Discontinued Operations
for all periods presented. As a result of the sale, the Company
no
longer has a wholly owned subsidiary.
 
Results of discontinued operations are excluded from the accompanying notes to the consolidated financial statement for all periods presented, unless otherwise noted.
 
On
September 6, 2018,
as previously reported on Form
8
-K filed by the Company with the Securities and Exchange Commission on
September 12, 2018,
Buyer sold certain of its assets, including certain inventory of the Stone & Leigh tradename (the “S&L Asset Sale”), to Stone & Leigh, LLC (“S&L”), a newly formed limited liability company owned by a group which includes Matthew W. Smith, the Company’s former interim Chief Executive Officer. As a part of the S&L Asset Sale, Buyer assigned to S&L certain of its rights and obligations under the subordinated secured promissory note payable to the Company (“Original Note”).
 
As a result of both the Asset Sale and the S&L Asset Sale, we have a variable interest in
two
entities that have been determined to be variable interest entities ("VIE"). If we conclude that we are the primary beneficiary of a VIE, we are required to consolidate it. To determine if we are the primary beneficiary, we evaluate whether we have the power to direct the activities that most significantly impact the VIE's economic performance and the obligation to absorb losses or the right to receive benefits of the VIE that could potentially be significant to the VIE. Our evaluation includes identification of significant activities and an assessment of our ability to direct those activities based on governance provisions and arrangements to provide or receive product and process technology, product supply, operations services, equity funding, financing, and other applicable agreements and circumstances. Our assessments of whether we are the primary beneficiary of our VIE requires significant assumptions and judgments. We have concluded that we are
not
the primary beneficiary of the
two
VIEs as we do
not
have the power to direct the activities that most significantly impact the VIEs’ economic performance and therefore are
not
required to consolidate these entities.
 
On
March 19, 2019,
we entered into subscription agreements with HC Government Realty Trust, Inc., a Maryland corporation (“HC Realty”), pursuant to which we purchased (i)
200,000
shares of HC Realty’s
10.00%
Series B Cumulative Convertible Preferred Stock (the “Series B Stock”) for an aggregate purchase price of
$2,000,000
and (ii)
300,000
shares of HC Realty’s common stock for an aggregate purchase price of
$3,000,000.
  Certain investors affiliated with Hale Partnership Capital Management, LLC (the “HPCM”) purchased an additional
850,000
shares of Series B Stock for an aggregate purchase price of
$8,500,000.
  While some of these investors have other investments with HPCM, each of these investors made a separate and direct investment in HC Realty and HPCM does
not
receive management fees, performance fees, or any other economic benefits with respect to these investors’ investment in HC Realty’s Series B Stock.
 
On
March 19, 2019,
the Company and certain entities affiliated with HPCM (the “Lenders”) also entered into a loan agreement with HC Realty’s operating partnership (the “Operating Partnership”), pursuant to which the Lenders provided the Operating Partnership with a
$10,500,000
senior secured term loan, of which
$2,000,000
was provided by the Company. While some of these entities have other investments with HPCM, each of these entities made the loan separate and direct to HC Realty and HPCM does
not
receive management fees, performance fees, or any other economic benefits with respect to the loan agreement.
 
As of
December 31, 2018,
HC Realty owned and operated a portfolio of
16
single-tenant properties leased entirely to the United States of America for occupancy by federal agencies including the Federal Bureau of Investigation, the Drug Enforcement Administration, the Social Security Administration and the Department of Transportation.
 
Recent Accounting Pronouncements
 
In
June 2016,
the Financial Accounting Standards Board (“FASB”) issued ASU
2016
-
13,
Financial Instruments – Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments
(“ASU
2016
-
13”
). The amendments in ASU
2016
-
13
require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. In addition, ASU
2016
-
13
amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendment is effective for public entities for annual reporting periods beginning after
December 15, 2019,
however early application is permitted for reporting periods beginning after
December 15, 2018.
The Company does
not
anticipate the adoption of ASU
2016
-
13
to have a material impact to the consolidated financial statements.
 
In
February 2016,
the FASB issued its final lease accounting standard, ASC,
Leases
(Topic
842
) (“ASU
2016
-
02”
), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC
840,
requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC
840
) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC
840
). The Company adopted the standard effective
January 1, 2019.
As of
March 31, 2019,
we do
not
have any long-term leases. We will evaluate the effect that ASU
2016
-
02
will have on our consolidated financial statements and related disclosures at such time a long-term lease is executed. Our only lease as of
March 31, 2019
relates to a real estate lease for the corporate office space. The adoption did
not
have material impact to the consolidated financial statements.
XML 20 R9.htm IDEA: XBRL DOCUMENT v3.19.1
Note 2 - Discontinued Operations
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]
2.
Discontinued Operations
 
On 
March 2, 2018, 
we sold substantially all of our assets (the “Asset Sale”) to Churchill Downs LLC (“Buyer”), pursuant to the terms of the Asset Purchase Agreement, dated as of
November 20, 2017, 
as amended by the First Amendment thereto dated 
January 22, 2017 (
the “Asset Purchase Agreement”). Operations of the furniture business from
January 1, 2018
through
March 2, 2018
are reflected as discontinued operation pursuant to the provisions of Accounting Standards Codification
2015
-
20,
Presentation of Financial Statements – Discontinued Operations
for all periods presented.
 
Loss from discontinued operations, net of taxes, comprised the following for the
three
months ended
March 31, 2019
and
2018
(in thousands):
 
   
201
9
    
2018
  
Net sales
  
$
-
     $
6,787
  
Cost of sales
  
 
-
      
6,485
  
Selling, general and administrative expenses
  
 
-
      
2,438
  
Interest expense, net
  
 
-
      
10
  
Loss on sale of assets
  
 
-
      
(865
 )
Loss from discontinued operations before income taxes
  
 
-
      
(3,011
 )
Income tax (benefit) expense
  
 
-
      
-
  
Loss from discontinued operations, net of taxes
  
$
-
     $
(3,011
 )
 
Included in selling, general and administrative expenses incurred for the
three
months ended
March 31, 2018
were certain transaction costs including investment banking fees, legal fees, and other transaction costs directly attributable to the Asset Sale.
 
Net (liabilities) assets for discontinued operations are as follows (in thousands):
 
   
March 31,
    
March 31,
  
   
201
9
    
2018
  
Accounts payable and other liabilities
  
$
-
     $
14
  
Accrued salaries, wages, and benefits
  
 
-
      
360
  
Other accrued expenses
  
 
-
      
186
  
Total liabilities
  
 
-
      
560
  
Net (liabilities) assets
  
$
-
     $
(560
 )
 
As a result of the Asset Sale, the Company had
no
revenue-generating operations.  As of
March 19, 2019,
our sources of income include dividends on HC Realty Series B Stock, interest paid on the loan we made to HC Realty’s operating partnership, and interest paid on cash and subordinated secured promissory notes. The Company believes that the revenue generating from these sources in addition to the cash on hand is sufficient to fund operating expenses for at least
12
months from the date of these consolidated financial statements.  As disclosed in previous filings, the Company
may
consider a rights offering of the Company’s common stock to existing stockholders to raise additional cash for acquisitions in addition to the equity interest we acquired in HC Realty which could provide the Company greater resources and flexibility in acquiring additional non-furniture assets, which
may
include purchasing additional HC Realty Series B Stock.
XML 21 R10.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Property, Plant and Equipment
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]
3.
Property, Plant and Equipment
 
   
(in thousands)
  
   
March 31
,
    
December 31,
  
   
201
9
    
2018
  
Computers and equipment
  
$
7
     $
7
  
Furniture and fixtures
  
 
3
      
3
  
Property, plant and equipment, at cost
  
 
10
      
10
  
Less accumulated depreciation
  
 
1
      
1
  
Property, plant and equipment, net
  
$
9
     $
9
  
XML 22 R11.htm IDEA: XBRL DOCUMENT v3.19.1
Note 4 - Subordinated Notes Receivable
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Loans, Notes, Trade and Other Receivables Disclosure [Text Block]
4.
Subordinated Note
s
Receivable
 
The Company received a
$7.4
million subordinated secured promissory note (the “Original Note”) from the Buyer as partial consideration for the sale of substantially all of our assets during the
first
quarter of
2018.
On
September 6, 2018,
the Buyer sold certain of its assets, including certain inventory and the Stone & Leigh tradename (the “S&L Asset Sale”) to Stone & Leigh, LLC (“S&L”), which is owned by a group which includes Matthew W. Smith, the Company’s former interim Chief Executive Officer. As a part of the S&L Asset Sale, the Buyer assigned to S&L certain of its rights and obligations under the original
$7.4
million subordinated secured promissory note. In connection with the assignment, the Company entered into an Amended and Restated Subordinated Secured promissory note with the Buyer (the “A&R Note”) and a new Subordinated Secured Promissory Note with S&L (the “New Note”).
 
The A&R Note has a principal amount as of the assignment date of
$3.3
million.
 
On
February 7, 2019,
the Company, Buyer and related parties entered into a Consent, Reaffirmation, and Joinder (the “Consent”) in connection with a new senior credit facility that Buyer expected to enter into with Alterna Capital Solutions, LLC (“Alterna”).  Pursuant to the Consent, Buyer paid
$180,000
of principal and accrued interest under the A&R Note as provided in the Consent and Buyer delivered a Seconded Amended and Restated Subordinated Secured Promissory Note (the “Second A&R Note”) in favor of the Company. The Second A&R Note has a principal amount of
$3,201,536
and remains payable
no
later than
March 2, 2023,
at which time the total principal amount is due. Interest on the principal balance of the note continues to accrue daily at an annual fixed rate of
6%.
The other terms of the Second A&R Note are substantially the same as those of the A&R Note. The Second A&R Note also remains guaranteed by Stanley Intermediate Holdings LLC, formerly Churchill Downs Intermediate Holdings LLC. Pursuant to the Consent, Buyer’s British Virgin Island parent company has also guaranteed the Second A&R Note.
 
On
February 25, 2019,
Buyer closed and funded its new senior credit facility with Alterna. Pursuant to the Consent, the Company entered into an Intercreditor and Debt Subordination Agreement, dated
February 25, 2019 (
the “Subordination Agreement”), with Alterna. The Subordination Agreement with Alterna is generally on the same terms as the subordination agreement the Company previously entered into with North Mill Capital, LLC in connection with the original subordinated secured promissory note dated
March 2, 2018
from Buyer in favor of the Company, except that principal payments on the Second A&R Note, before satisfaction of the of indebtedness to Alterna and termination of the Subordination Agreement, are conditioned upon (l)
no
event of default under the new senior credit facility existing or resulting from the payment,  (
2
) availability under the new senior credit facility to make the payment, (
3
) all tax and debt obligations of Stanley Furniture Company, LLC (“SFC”) being current and within their terms,  and (
4
) there being
no
delinquency in payables or other obligations of SFC to specified critical vendors. Cash interest payments of
$49,000
were received during the
three
months ending
March 31, 2019.
Also, during the
first
quarter of
2019,
the Company received principal payments on the Second A&R Note of
$197,000.
 
We evaluated the fair value of the A&R Note at the assignment date. During the
first
quarter
2019,
we recorded accreted interest income on the fair value adjustment of the A&R Note of
$54,000.
Resulting from the accretion of the fair value discount and the principal payments, the carrying value of the A&R Note decreased to
$2.2
million as of
March 31, 2019.
 
The New Note had a principal amount of
$4.4
million as of the assignment date. The New Note also matures on
March 2, 2023,
at which time the total principal amount is due. Interest on the New Note accrues at a fixed rate of
10%
per annum. Cash interest payments of
$97,000
were received during the
three
months ended
March 31, 2019.
During the
three
months ending
March 31, 2019,
the Company received
$643,000
of principal payments on the New Note.
 
At the assignment date, we evaluated the fair value of the New Note. We recorded accreted interest income on the fair value adjustment of the New Note of
$49,000.
Resulting from the accretion of the fair value discount and the principal payments, the carrying amount of the New Note was
$2.9
million as of
March 31, 2019.
XML 23 R12.htm IDEA: XBRL DOCUMENT v3.19.1
Note 5 - Loan to Affiliate
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Investments in and Advances to Affiliates, Schedule of Investments [Text Block]
5
.
Loan to Affiliate
 
On
March 19, 2019,
the Company, together with certain other Lenders, entered into a loan agreement (the “Loan Agreement”) with HC Realty’s operating partnership, and HCM Agency, LLC, as collateral agent (the “Agent”), pursuant to which the Lenders provided HC Realty’s operating partnership with a
$10,500,000
senior secured term loan (the “Initial Term Loan”), of which
$2,000,000
was provided by the Company.
 
The Loan Agreement matures on
March 19, 2022.
Interest on the Loan Agreement accrues at a rate of
14%
per annum. Accrued interest for the
three
months ended
March 31, 2019
was
$9,000.
XML 24 R13.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Investment in Affiliate
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Equity Method Investments and Joint Ventures Disclosure [Text Block]
6
.
Investment in Affiliate
 
On
March 19, 2019,
the Company entered into subscription agreements with HC Realty, pursuant to which it purchased (i)
200,000
shares of HC Realty’s
10.00%
Series B Cumulative Convertible Preferred Stock (the “Series B Stock”) for an aggregate purchase price of
$2,000,000
and (ii)
300,000
shares of HC Realty’s common stock for an aggregate purchase price of
$3,000,000.
  Certain investors affiliated with HPCM purchased an additional
850,000
shares of Series B Stock for an aggregate purchase price of
$8,500,000.
  While some of these investors have other investments with HPCM, each of these investors made a separate and direct investment in HC Realty and HPCM does
not
receive management fees, performance fees, or any other economic benefits with respect to these investors’ investment in HC Realty’s Series B Stock.
 
The Series B Stock is
not
deemed to be in-substance common stock and is accounted for using the measurement alternative for equity investments with
no
readily determinable fair value.  The Series B Stock will be reported at cost, adjusted for impairments or any observable price changes in ordinary transactions with identical or similar investments issued by HC Realty. 
 
The following table summarizes the Company’s investment in HC Realty as of
March 31, 2019
and
December 31, 2018 (
in thousands):
 
   
 
 
 
 
Ownership %
    
 
 
 
Investment in Affiliate
Balance
    
Loss
recorded in
the Consolidated
Statements of
Operations (b)
  
                                   
For the Three
Months Ended
March 31,
  
   
March 31,
2019
    
December 31,
2018
    
March 31,
2019
    
December 31,
2018
    
 
2019
    
 
2018
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
HC Realty Series B Stock (a)
    
7.2
 %    
0.0
 %   $
2,000
      
-
     $
-
      
-
  
HC Realty common stock
    
9.9
 %    
0.0
 %    
2,940
      
-
      
(19
 )    
-
  
Total
    
17.1
%
    
0.0
%
  
$
4,940
      
-
    
$
(19
)
    
-
  
 
 
(a)
Represents investments in shares of HC Realty preferred stock with a basis of
$2
million. Each share of preferred stock can be converted into
one
share of HC Realty common stock at a conversion price equal to the lesser of
$9.10
per share or the fair market value per share of HC Realty common stock, subject to adjustment upon the occurrence of certain events.
 
(b)
Loss from these investments is included in “Loss from affiliate” in the consolidated statement of operations. Since HC Realty is a Real Estate Investment Trust and
not
a taxable entity, the loss is
not
reported net of taxes.
 
The Company’s investment in HC Realty common stock is accounted for under the equity method of accounting.  The company determined that accounting for under the equity method was appropriate even though the Company owns less than
20%
of the fully diluted shares outstanding because the Company holds significant influence of HC Realty. Additional information for the Company’s investment in HC Realty follows:
 
HC Realty was formed in
2016
as a Maryland corporation, and incident to filing its federal income tax return for, and commencing with, its fiscal year ended
December 31, 2017,
elected to be taxed as a REIT for federal income tax purposes. HC Realty was formed primarily to source, acquire, own and manage built-to-suit or improved-to-suit, single-tenant properties leased by the United States of America and administered by the U.S General Services Administration or directly by the occupying agency, both of which are referred to as “GSA Properties.” HC Realty invests primarily in GSA Properties across secondary and smaller markets with sizes ranging from
5,000
-
50,000
rentable square feet, and in their listed lease term after construction or improvement to post-
9/11
standards. HC Realty further emphasizes GSA Properties that fulfill mission critical or citizen service functions. Leases associated with the GSA Properties in which HC Realty invests are full faith and credit obligations of the United States of America.
 
HC Realty’s principal objective is the creation of value for stockholders by utilizing its relationships and knowledge of GSA Properties, specifically, the acquisition, management and disposition of GSA Properties. On
December 31, 2018,
HC Realty’s had a portfolio of
16
GSA Properties, including
three
GSA Properties for which HC Realty owns all of the rights to the profits, losses, any distributed cash flow and all of the other benefits and burdens of ownership for federal income tax purposes rather than a fee simple interest. 
 
The GSA-leased, real estate asset class has a number of attributes that HC Realty believes will offer its stockholders significant benefits, including a highly creditworthy and very stable tenant base, long-term lease structures and low risk of tenant turnover. GSA leases are backed by the full faith and credit of the United States, and the GSA has never experienced a financial default. Payment of rents under GSA leases are funded through the Federal Buildings Fund and are
not
subject to direct federal appropriations, which can fluctuate with federal budget and political priorities. In addition to presenting reduced risk of default, GSA leases typically have long initial terms of
ten
to
20
years with renewal leases having terms of
five
to
ten
years, which limit operational risk. Upon renewal of a GSA lease, base rent typically is reset based on a number of factors at the time of renewal, including inflation and the replacement cost of the building, that generally HC Realty expects will increase over the life of the lease.
 
GSA-leased properties generally provide attractive investment opportunities but require specialized knowledge and expertise. Each U.S. Government agency has its own customs, procedures, culture, needs and mission, which results in different requirements for its leased space. Furthermore, the GSA-leased sector is highly fragmented with a significant amount of non-institutional owners, who lack HC Realty’s infrastructure and experience with GSA-leased properties. Moreover, while there are a number of national real estate brokers that hold themselves out as having GSA-leased property expertise, there are
no
national or regional clearinghouses for GSA-leased properties. HC Realty believes this fragmentation can be ascribed particularly to the U.S. Government’s – including GSA’s –procurement policies, including policies of preference for small, female and minority owned businesses. As of
August 2015,
the largest owner of GSA-leased properties owned approximately
3.5%
of the GSA-leased properties on a rent per square foot (RSF) basis, and the
ten
largest owners of GSA-leased properties collectively owned approximately
17%
of the GSA-leased properties by RSF. Long-term relationships and specialized institutional knowledge regarding the agencies, their space needs and the hierarchy and importance of a property to its tenant agency are crucial to understanding which agencies and properties present the greatest likelihood of long-term agency occupancy, and, therefore, to identifying and acquiring attractive GSA-leased properties. HC Realty’s portfolio is diversified among occupancy agencies, including a number of the largest and most essential agencies, such as the Drug Enforcement Administration, the Federal Bureau of Investigation, the Social Security Administration and the Department of Transportation.
XML 25 R14.htm IDEA: XBRL DOCUMENT v3.19.1
Note 7 - Investment in Closely Held Company
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Investments and Other Noncurrent Assets [Text Block]
7
.
Investment in Closely Held Company
 
The Company held an equity interest in Churchill Downs Holdings Ltd (“Churchill”), a British Virgin Island business company which it received as partial consideration for the sale of substantially all of its assets during
first
quarter
2018.
The investment in Churchill is accounted for as investments in equity securities of nonpublic entities without readily determinable fair values, which are carried at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. The Company reviews its equity securities without readily determinable fair values on a regular basis to determine if the investment is impaired. For purposes of this assessment, the Company considers the investee’s cash position, liquidity, earnings and revenue outlook, equity position, and ownership, among other factors, in its review. If management’s assessment indicates that an impairment exists, the Company estimates the fair value of the equity investment and recognizes in current earnings an impairment loss that is equal to the difference between the fair value of the equity investment and its carrying amount.
 
During the prior year, the Company determined that the equity investment was impaired and determined the fair value to be zero. The cumulative amount of the impairment at
March 31, 2019
totaled
$168,000.
In determining the amount of the impairment for
2018,
management considered relevant known transactions that occurred on or before the balance sheet date and the different rights and obligations of the securities subject to the impairment assessment. Factors that significantly influenced the determination of the impairment loss included the equity security’s voting rights, priority claims to the equity security, distributions rights and preferences, and the investee’s cash position, liquidity, earnings and revenue outlook.
 
Pursuant to a stock purchase agreement dated
February 7, 2019,
Buyer’s British Virgin Island parent company repurchased
2,500
shares of its stock held by the Company. The Company
no
longer maintains an equity interest in Buyer’s British Virgin Island parent company. The Company recorded a gain on the sale of the stock of
$120,000
during the
three
months ended
March 31, 2019.
XML 26 R15.htm IDEA: XBRL DOCUMENT v3.19.1
Note 8 - Income Taxes
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Income Tax Disclosure [Text Block]
8
.
Income taxes
 
During the
three
months ended
March 31, 2019,
we recorded a non-cash reversal to our valuation allowance of
$882,000
decreasing our valuation allowance against deferred tax assets to
$7.6
million at
March 31, 2019.
The primary assets covered by this valuation allowance are net operating losses, which are approximately
$32.1
million at
March 31, 2019.
The Company did
not
make any cash payments for income tax in the
three
month periods ended
March 31, 2019
and
2018
due to our net operating loss.
 
We maintain a valuation allowance against deferred tax assets that currently exceed our deferred tax liabilities. The primary assets covered by this valuation allowance are net operating loss carry-forwards. The valuation allowance was calculated in accordance with the provisions of ASC
740,
Income Taxes
, which requires an assessment of both positive and negative evidence when measuring the need for a valuation allowance. Our results over the most recent
four
-year period were heavily affected by our business restructuring activities. Our cumulative loss represented sufficient negative evidence to require a valuation allowance. We intend to maintain a valuation allowance until sufficient positive evidence exists to support its reversal, resulting in
no
deferred tax asset balance being recognized. Should we determine that we will
not
be able to realize all or part of our deferred tax asset in the future, an adjustment to the deferred tax asset will be charged to income in the period such determination is made.
 
As of
March 31, 2019
and
2018,
our deferred tax asset balance is
$494,000
and
$0,
respectively.
 
Our effective tax rate for the current and prior year
three
month periods were effectively
0%
due to our net operating loss carryforwards.
XML 27 R16.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Stockholders' Equity
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Stockholders' Equity Note Disclosure [Text Block]
9
.
Stockholders’ Equity
 
Basic earnings per common share are based upon the weighted average shares outstanding. Outstanding stock options and restricted stock are treated as potential common stock for purposes of computing diluted earnings per share. Basic and diluted earnings per share are calculated using the following share data (in thousands):
 
   
Three Months Ended
  
   
March 31,
    
March 31,
  
   
201
9
    
2018
  
Weighted average shares outstanding for basic calculation
  
 
14,508
      
14,573
  
Add: Effect of dilutive stock options
  
 
43
      
-
  
Weighted average shares outstanding, adjusted for diluted calculation
  
 
14,551
      
14,573
  
 
For the
three
month period ended
March 31, 2019,
approximately
225,000
stock awards were excluded from the diluted per share calculation as they would be anti-dilutive. For the prior
three
month period ended
March 31, 2018,
the dilutive effect of stock options and restricted awards was
not
recognized since we had net losses. For the period ended
March 31, 2018,
approximately
278,000
shares of stock options and
43,000
shares of restricted awards were
not
included in the diluted per share calculation because they were anti-dilutive.
 
We will repurchase common shares from time to time that are tendered by recipients of restricted stock awards to satisfy tax withholding obligations on vested restricted stock. There were
no
such repurchased shares during the current
three
month period.
 
In 
July 2012, 
the Board authorized the purchase of up to 
$5.0
 million of our common stock.  These repurchases 
may 
be made from time to time in the open market, in privately negotiated transactions, or otherwise, at prices the Company deems appropriate.  In the
three
month period ended
March 31, 2019,
no
shares were repurchased. In the prior
three
month period ended
March 31, 2018,
we repurchased
174,565
shares for
$103,000.
As of 
March 31, 2019, 
we have approximately 
$2.8
 million remaining on this authorization to repurchase our common stock.
 
A reconciliation of the activity in Stockholders’ Equity accounts for the quarter ended
March 31, 2019
is as follows (in thousands):
 
                           
Accumulated
  
     
 
    
Capital in
      
 
    
Other
  
   
Common
    
Excess of
    
Retained
    
Comprehensive
  
   
Stock
    
Par Value
    
Deficit
    
Loss
  
Balance at January 1, 2019
   $
294
     $
17,285
     $
(3,935
 )   $
-
  
Net income
    
-
      
-
      
1,366
      
-
  
Stock-based compensation expense
    
-
      
21
      
-
      
-
  
Balance at March 31, 2019
  
$
294
   
$
17,306
    
$
(2,569
)
  
$
-
  
 
A reconciliation of the activity in Stockholders’ Equity accounts for the quarter ended
March 31, 2018
is as follows (in thousands):
 
                           
Accumulated
  
     
 
    
Capital in
      
 
    
Other
  
   
Common
    
Excess of
    
Retained
    
Comprehensive
  
   
Stock
    
Par Value
    
Deficit
    
Loss
  
Balance at January 1, 2018
   $
298
     $
17,104
     $
(2,745
 )   $
(2,422
 )
Net loss
    
-
      
-
      
(3,367
 )    
-
  
Settlement of employee benefit obligations directly related to the disposal transaction
    
-
      
-
      
-
      
2,422
  
Stock repurchase
    
-
      
(103
 )    
-
      
-
  
Stock-based compensation expense
    
-
      
391
      
-
      
-
  
Dividends
    
-
      
(139
 )    
-
      
-
  
Balance at March 31, 2018
  
$
298
   
$
17,253
    
$
(6,112
)
  
$
-
  
 
All of the stock compensation expense of
$391,000
for the quarter ended
March 31, 2018
was related to discontinued operations.
XML 28 R17.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Subsequent Events
 3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Subsequent Events [Text Block]
10.
Subsequent Events
 
Subsequent to
March 31, 2019
through the report date, the Company has received principal payments from S&L of approximately
$126,000
 resulting in a current principal balance of approximately
$3,570,000
 under the S&L Note.
 
XML 29 R18.htm IDEA: XBRL DOCUMENT v3.19.1
Significant Accounting Policies (Policies)
 3 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
New Accounting Pronouncements, Policy [Policy Text Block]
Recent Accounting Pronouncements
 
In
June 2016,
the Financial Accounting Standards Board (“FASB”) issued ASU
2016
-
13,
Financial Instruments – Credit Losses (Topic
326
): Measurement of Credit Losses on Financial Instruments
(“ASU
2016
-
13”
). The amendments in ASU
2016
-
13
require the measurement of all expected credit losses for financial assets held at the reporting date based on historical experience, current conditions, and reasonable and supportable forecasts. In addition, ASU
2016
-
13
amends the accounting for credit losses on available-for-sale debt securities and purchased financial assets with credit deterioration. The amendment is effective for public entities for annual reporting periods beginning after
December 15, 2019,
however early application is permitted for reporting periods beginning after
December 15, 2018.
The Company does
not
anticipate the adoption of ASU
2016
-
13
to have a material impact to the consolidated financial statements.
 
In
February 2016,
the FASB issued its final lease accounting standard, ASC,
Leases
(Topic
842
) (“ASU
2016
-
02”
), which requires lessees to recognize a right-of-use asset and a lease liability for virtually all of their leases (other than leases that meet the definition of a short-term lease). The lease liability will be equal to the present value of lease payments and the right-of -use asset will be based on the lease liability, subject to adjustment such as for initial direct costs. For income statement purposes, the new standard retains a dual model similar to ASC
840,
requiring leases to be classified as either operating or finance. For lessees, operating leases will result in straight-line expense (similar to current accounting by lessees for operating leases under ASC
840
) while finance leases will result in a front-loaded expense pattern (similar to current accounting by lessees for capital leases under ASC
840
). The Company adopted the standard effective
January 1, 2019.
As of
March 31, 2019,
we do
not
have any long-term leases. We will evaluate the effect that ASU
2016
-
02
will have on our consolidated financial statements and related disclosures at such time a long-term lease is executed. Our only lease as of
March 31, 2019
relates to a real estate lease for the corporate office space. The adoption did
not
have material impact to the consolidated financial statements.
XML 30 R19.htm IDEA: XBRL DOCUMENT v3.19.1
Note 2 - Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2019
Notes Tables  
Disposal Groups, Including Discontinued Operations [Table Text Block]
   
201
9
    
2018
  
Net sales
  
$
-
     $
6,787
  
Cost of sales
  
 
-
      
6,485
  
Selling, general and administrative expenses
  
 
-
      
2,438
  
Interest expense, net
  
 
-
      
10
  
Loss on sale of assets
  
 
-
      
(865
 )
Loss from discontinued operations before income taxes
  
 
-
      
(3,011
 )
Income tax (benefit) expense
  
 
-
      
-
  
Loss from discontinued operations, net of taxes
  
$
-
     $
(3,011
 )
   
March 31,
    
March 31,
  
   
201
9
    
2018
  
Accounts payable and other liabilities
  
$
-
     $
14
  
Accrued salaries, wages, and benefits
  
 
-
      
360
  
Other accrued expenses
  
 
-
      
186
  
Total liabilities
  
 
-
      
560
  
Net (liabilities) assets
  
$
-
     $
(560
 )
XML 31 R20.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Property, Plant and Equipment (Tables)
 3 Months Ended
Mar. 31, 2019
Notes Tables  
Property, Plant and Equipment [Table Text Block]
   
(in thousands)
  
   
March 31
,
    
December 31,
  
   
201
9
    
2018
  
Computers and equipment
  
$
7
     $
7
  
Furniture and fixtures
  
 
3
      
3
  
Property, plant and equipment, at cost
  
 
10
      
10
  
Less accumulated depreciation
  
 
1
      
1
  
Property, plant and equipment, net
  
$
9
     $
9
  
XML 32 R21.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Investment in Affiliate (Tables)
 3 Months Ended
Mar. 31, 2019
Notes Tables  
Equity Method Investments [Table Text Block]
   
 
 
 
 
Ownership %
    
 
 
 
Investment in Affiliate
Balance
    
Loss
recorded in
the Consolidated
Statements of
Operations (b)
  
                                   
For the Three
Months Ended
March 31,
  
   
March 31,
2019
    
December 31,
2018
    
March 31,
2019
    
December 31,
2018
    
 
2019
    
 
2018
  
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
HC Realty Series B Stock (a)
    
7.2
 %    
0.0
 %   $
2,000
      
-
     $
-
      
-
  
HC Realty common stock
    
9.9
 %    
0.0
 %    
2,940
      
-
      
(19
 )    
-
  
Total
    
17.1
%
    
0.0
%
  
$
4,940
      
-
    
$
(19
)
    
-
  
XML 33 R22.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2019
Notes Tables  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
   
Three Months Ended
  
   
March 31,
    
March 31,
  
   
201
9
    
2018
  
Weighted average shares outstanding for basic calculation
  
 
14,508
      
14,573
  
Add: Effect of dilutive stock options
  
 
43
      
-
  
Weighted average shares outstanding, adjusted for diluted calculation
  
 
14,551
      
14,573
  
Schedule of Stockholders Equity [Table Text Block]
                           
Accumulated
  
     
 
    
Capital in
      
 
    
Other
  
   
Common
    
Excess of
    
Retained
    
Comprehensive
  
   
Stock
    
Par Value
    
Deficit
    
Loss
  
Balance at January 1, 2019
   $
294
     $
17,285
     $
(3,935
 )   $
-
  
Net income
    
-
      
-
      
1,366
      
-
  
Stock-based compensation expense
    
-
      
21
      
-
      
-
  
Balance at March 31, 2019
  
$
294
   
$
17,306
    
$
(2,569
)
  
$
-
  
                           
Accumulated
  
     
 
    
Capital in
      
 
    
Other
  
   
Common
    
Excess of
    
Retained
    
Comprehensive
  
   
Stock
    
Par Value
    
Deficit
    
Loss
  
Balance at January 1, 2018
   $
298
     $
17,104
     $
(2,745
 )   $
(2,422
 )
Net loss
    
-
      
-
      
(3,367
 )    
-
  
Settlement of employee benefit obligations directly related to the disposal transaction
    
-
      
-
      
-
      
2,422
  
Stock repurchase
    
-
      
(103
 )    
-
      
-
  
Stock-based compensation expense
    
-
      
391
      
-
      
-
  
Dividends
    
-
      
(139
 )    
-
      
-
  
Balance at March 31, 2018
  
$
298
   
$
17,253
    
$
(6,112
)
  
$
-
  
XML 34 R23.htm IDEA: XBRL DOCUMENT v3.19.1
Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements (Details Textual)
Mar. 19, 2019
USD ($)
shares
Mar. 31, 2019
Senior Secured Term Loan [Member]    
Notes Receivable, Related Parties $ 2,000,000  
The Lenders [Member] | Senior Secured Term Loan [Member]    
Notes Receivable, Related Parties $ 10,500,000  
HC Government Realty Trust, Inc [Member]    
Number of Real Estate Properties   16
HC Government Realty Trust, Inc [Member] | Series B Cumulative Convertible Preferred Stock [Member]    
Investment, Shares Purchased During Period | shares 200,000  
Preferred Stock, Dividend Rate, Percentage 10.00%  
Equity Method Investment, Aggregate Cost $ 2,000,000  
HC Government Realty Trust, Inc [Member] | Series B Cumulative Convertible Preferred Stock [Member] | Investors Affiliated with the Hale Partnership [Member]    
Investment, Shares Purchased During Period | shares 850,000  
Equity Method Investment, Aggregate Cost $ 8,500,000  
HC Government Realty Trust, Inc [Member] | Common Stock of Investee [Member]    
Investment, Shares Purchased During Period | shares 300,000  
Equity Method Investment, Aggregate Cost $ 3,000,000  
HC Government Realty Trust, Inc [Member] | Common Stock of Investee [Member] | Investors Affiliated with the Hale Partnership [Member]    
Investment, Shares Purchased During Period | shares 850,000  
XML 35 R24.htm IDEA: XBRL DOCUMENT v3.19.1
Note 2 - Discontinued Operations - Gains, Losses and Net Assets (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Loss from discontinued operations before income taxes $ (3,011)
Loss from discontinued operations, net of taxes (3,011)
Furniture Business [Member]    
Income tax (benefit) expense
Loss from discontinued operations, net of taxes (3,011)
Furniture Business [Member] | Discontinued Operations, Disposed of by Sale [Member]    
Net sales  
Cost of sales  
Selling, general and administrative expenses  
Loss on sale of assets  
Loss from discontinued operations before income taxes  
Accounts payable and other liabilities 14
Accrued salaries, wages, and benefits 360
Other accrued expenses 186
Total liabilities 560
Net (liabilities) assets (560)
Furniture Business [Member] | Discontinued Operations, Held-for-sale [Member]    
Net sales   6,787
Cost of sales   6,485
Selling, general and administrative expenses   2,438
Interest expense, net 10
Loss on sale of assets   (865)
Loss from discontinued operations before income taxes   $ (3,011)
XML 36 R25.htm IDEA: XBRL DOCUMENT v3.19.1
Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) - USD ($)
$ in Thousands
Mar. 31, 2019
Dec. 31, 2018
Property, plant and equipment, gross $ 10 $ 10
Less accumulated depreciation 1 1
Property, plant and equipment, net 9 9
Machinery and Equipment [Member]    
Property, plant and equipment, gross 7 7
Furniture and Fixtures [Member]    
Property, plant and equipment, gross $ 3 $ 3
XML 37 R26.htm IDEA: XBRL DOCUMENT v3.19.1
Note 4 - Subordinated Notes Receivable (Details Textual) - USD ($)
 3 Months Ended
Feb. 07, 2019
Mar. 31, 2019
Mar. 31, 2018
Sep. 06, 2018
Financing Receivable, after Allowance for Credit Loss, Total     $ 7,400,000  
Proceeds from Collection of Notes Receivable   $ 840,000  
Accretion (Amortization) of Discounts and Premiums, Investments   103,000  
A&R Note [Member]        
Financing Receivable, after Allowance for Credit Loss, Total   2,200,000    
Financing Receivable, before Allowance for Credit Loss, Total       $ 3,300,000
Proceeds from Collection of Notes Receivable, Principal and Interest $ 180,000      
Accretion (Amortization) of Discounts and Premiums, Investments   54,000    
Second A&R Note [Member]        
Financing Receivable, before Allowance for Credit Loss, Total $ 3,201,536      
Notes Receivable, Interest Rate 6.00%      
Proceeds from Interest Received   49,000    
Proceeds from Collection of Notes Receivable   197,000    
New Note [Member]        
Financing Receivable, after Allowance for Credit Loss, Total   $ 2,900,000    
Financing Receivable, before Allowance for Credit Loss, Total       $ 4,400,000
Notes Receivable, Interest Rate   10.00%    
Proceeds from Interest Received   $ 97,000    
Proceeds from Collection of Notes Receivable   643,000    
Accretion (Amortization) of Discounts and Premiums, Investments   $ 49,000    
XML 38 R27.htm IDEA: XBRL DOCUMENT v3.19.1
Note 5 - Loan to Affiliate (Details Textual) - Senior Secured Term Loan [Member] - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 19, 2019
Notes Receivable, Related Parties   $ 2,000,000
Notes Receivable, Interest Rate 14.00%  
Interest Income, Related Party $ 9,000  
The Lenders [Member]    
Notes Receivable, Related Parties   $ 10,500,000
XML 39 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Investment in Affiliate (Details Textual)
 3 Months Ended
Mar. 19, 2019
USD ($)
shares
Mar. 31, 2019
ft²
$ / shares
shares
Aug. 31, 2015
Percentage of GSA-leased Properties Owned By the Largest Owner of GSA-leased Properties     3.50%
Percentage of GSA-leased Properties Owned By the Ten Largest Owners of GSA-leased Properties     17.00%
HC Government Realty Trust, Inc [Member]      
Number of Real Estate Properties   16  
Number of GSA Properties for Which the Entity Owns All Rights, Benefits and Burdens of Ownership   3  
HC Government Realty Trust, Inc [Member] | Minimum [Member]      
Rentable Area of Each GSA Property Invested In | ft²   5,000  
GSA Leases, Initial Lease Term   10 years  
GSA Leases, Renewal Term   5 years  
HC Government Realty Trust, Inc [Member] | Maximum [Member]      
Rentable Area of Each GSA Property Invested In | ft²   50,000  
GSA Leases, Initial Lease Term   20 years  
GSA Leases, Renewal Term   10 years  
HC Government Realty Trust, Inc [Member] | Series B Cumulative Convertible Preferred Stock [Member]      
Investment, Shares Purchased During Period 200,000    
Preferred Stock, Dividend Rate, Percentage 10.00%    
Equity Method Investment, Aggregate Cost | $ $ 2,000,000    
Convertible Preferred Stock of Investee, Shares Issued Upon Conversion   1  
Convertible Preferred Stock, Maximum Conversion Price | $ / shares   $ 9.10  
HC Government Realty Trust, Inc [Member] | Series B Cumulative Convertible Preferred Stock [Member] | Investors Affiliated with the Hale Partnership [Member]      
Investment, Shares Purchased During Period 850,000    
Equity Method Investment, Aggregate Cost | $ $ 8,500,000    
HC Government Realty Trust, Inc [Member] | Common Stock of Investee [Member]      
Investment, Shares Purchased During Period 300,000    
Equity Method Investment, Aggregate Cost | $ $ 3,000,000    
HC Government Realty Trust, Inc [Member] | Common Stock of Investee [Member] | Investors Affiliated with the Hale Partnership [Member]      
Investment, Shares Purchased During Period 850,000    
XML 40 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Note 6 - Investment in Affiliate - Equity Method Investments (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Dec. 31, 2018
Investment in affiliate, balance $ 4,940  
Loss recorded in the Consolidated Statements of Operations $ (19)  
HC Government Realty Trust, Inc [Member]      
Ownership percentage 17.10%   0.00%
Investment in affiliate, balance $ 4,940  
Loss recorded in the Consolidated Statements of Operations [1] $ (19)  
HC Government Realty Trust, Inc [Member] | Series B Cumulative Convertible Preferred Stock [Member]      
Ownership percentage [2] 7.20%   0.00%
Investment in affiliate, balance [2] $ 2,000  
Loss recorded in the Consolidated Statements of Operations [1],[2]  
HC Government Realty Trust, Inc [Member] | Common Stock of Investee [Member]      
Ownership percentage 9.90%   0.00%
Investment in affiliate, balance $ 2,940  
Loss recorded in the Consolidated Statements of Operations [1] $ (19)  
[1] Loss from these investments is included in &#8220;Loss from affiliate&#8221; in the consolidated statement of operations. Since HC Realty is a Real Estate Investment Trust and not a taxable entity, the loss is not reported net of taxes.
[2] Represents investments in shares of HC Realty preferred stock with a basis of $2 million. Each share of preferred stock can be converted into one share of HC Realty common stock at a conversion price equal to the lesser of $9.10 per share or the fair market value per share of HC Realty common stock, subject to adjustment upon the occurrence of certain events.
XML 41 R30.htm IDEA: XBRL DOCUMENT v3.19.1
Note 7 - Investment in Closely Held Company (Details Textual) - USD ($)
 3 Months Ended
Feb. 07, 2019
Mar. 31, 2019
Mar. 31, 2018
Gain (Loss) on Sale of Closely Held Stock   $ 120,000
Churchill Downs Holdings, Ltd. [Member]      
Equity Securities without Readily Determinable Fair Value, Impairment Loss, Cumulative Amount   $ 168,000  
Sale of Closely Held Stock, Shares 2,500    
Gain (Loss) on Sale of Closely Held Stock $ 120,000    
XML 42 R31.htm IDEA: XBRL DOCUMENT v3.19.1
Note 8 - Income Taxes (Details Textual) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount $ (882,000)  
Deferred Tax Assets, Valuation Allowance, Total 7,600,000  
Operating Loss Carryforwards, Total 32,100,000  
Income Taxes Paid, Net, Total 0 $ 0
Deferred Tax Assets, Net of Valuation Allowance, Total $ 494,000 $ 0
Effective Income Tax Rate Reconciliation, Percent, Total 0.00% 0.00%
XML 43 R32.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Stockholders' Equity (Details Textual) - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Jul. 31, 2012
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total 43,000  
Discontinued Operation, Share-based Compensation   $ 391,000  
Privately Negotiated Transaction [Member] | Common Stock [Member]      
Stock Repurchased During Period, Shares 0 174,565  
Stock Repurchase Program, Authorized Amount     $ 5,000,000
Stock Repurchased During Period, Value   $ 103,000  
Stock Repurchase Program, Remaining Authorized Repurchase Amount $ 2,800,000    
Share-based Payment Arrangement, Option [Member]      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount 225,000 278,000  
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total   0  
Restricted Stock [Member]      
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount   43,000  
Incremental Common Shares Attributable to Share-based Payment Arrangements, Total   0  
Stock Repurchased During Period, Shares 0    
XML 44 R33.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Stockholders' Equity - Basic and Diluted Earnings Per Share Calculation (Details) - shares
shares in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Weighted average shares outstanding for basic calculation (in shares) 14,508 14,573
Add: Effect of dilutive stock options (in shares) 43
Weighted average shares outstanding, adjusted for diluted calculation (in shares) 14,551 14,573
XML 45 R34.htm IDEA: XBRL DOCUMENT v3.19.1
Note 9 - Stockholders' Equity - Reconciliation of Activity in Stockholders' Equity Accounts (Details) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Balance $ 13,644  
Net income (loss) 1,366 $ (3,367)
Balance 15,031  
Settlement of employee benefit obligations directly related to the disposal transaction 2,422
Common Stock [Member]    
Balance 294 298
Net income (loss)
Stock-based compensation expense
Balance 294 298
Settlement of employee benefit obligations directly related to the disposal transaction  
Stock repurchase  
Dividends  
Additional Paid-in Capital [Member]    
Balance 17,285 17,104
Net income (loss)
Stock-based compensation expense 21 391
Balance 17,306 17,253
Settlement of employee benefit obligations directly related to the disposal transaction  
Stock repurchase   (103)
Dividends   (139)
Retained Earnings [Member]    
Balance (3,935) (2,745)
Net income (loss) 1,366 (3,367)
Stock-based compensation expense
Balance (2,569) (6,112)
Settlement of employee benefit obligations directly related to the disposal transaction  
Stock repurchase  
Dividends  
AOCI Attributable to Parent [Member]    
Balance (2,422)
Net income (loss)
Stock-based compensation expense
Balance
Settlement of employee benefit obligations directly related to the disposal transaction   2,422
Stock repurchase  
Dividends  
XML 46 R35.htm IDEA: XBRL DOCUMENT v3.19.1
Note 10 - Subsequent Events (Details Textual) - USD ($)
 1 Months Ended 3 Months Ended
May 13, 2019
Mar. 31, 2019
Mar. 31, 2018
Proceeds from Collection of Notes Receivable   $ 840,000
New Note [Member]      
Proceeds from Collection of Notes Receivable   $ 643,000  
Subsequent Event [Member] | New Note [Member]      
Proceeds from Collection of Notes Receivable $ 126,000    
Financing Receivable, before Allowance for Credit Loss, Current $ 3,570,000    
XML 47 R9999.htm IDEA: XBRL DOCUMENT v3.19.1
Label Element Value
us-gaap_RestrictedCash us-gaap_RestrictedCash $ 406,000
us-gaap_RestrictedCash us-gaap_RestrictedCash $ 404,000
EXCEL 48 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 49 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 50 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 51 FilingSummary.xml IDEA: XBRL DOCUMENT 3.19.1 html 92 157 1 true 26 0 false 5 false false R1.htm 000 - Document - Document And Entity Information Sheet http://www.stanleyfurniture.com/20190331/role/statement-document-and-entity-information Document And Entity Information Cover 1 false false R2.htm 001 - Statement - Consolidated Balance Sheets (Current Period Unaudited) Sheet http://www.stanleyfurniture.com/20190331/role/statement-consolidated-balance-sheets-current-period-unaudited Consolidated Balance Sheets (Current Period Unaudited) Statements 2 false false R3.htm 002 - Statement - Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) Sheet http://www.stanleyfurniture.com/20190331/role/statement-consolidated-balance-sheets-current-period-unaudited-parentheticals Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) Statements 3 false false R4.htm 003 - Statement - Consolidated Statements of Operations (Unaudited) Sheet http://www.stanleyfurniture.com/20190331/role/statement-consolidated-statements-of-operations-unaudited Consolidated Statements of Operations (Unaudited) Statements 4 false false R5.htm 004 - Statement - Consolidated Statements of Operations (Unaudited) (Parentheticals) Sheet http://www.stanleyfurniture.com/20190331/role/statement-consolidated-statements-of-operations-unaudited-parentheticals Consolidated Statements of Operations (Unaudited) (Parentheticals) Statements 5 false false R6.htm 005 - Statement - Consolidated Statements of Comprehensive Income (Loss) (Unaudited) Sheet http://www.stanleyfurniture.com/20190331/role/statement-consolidated-statements-of-comprehensive-income-loss-unaudited Consolidated Statements of Comprehensive Income (Loss) (Unaudited) Statements 6 false false R7.htm 006 - Statement - Consolidated Statements of Cash Flows (Unaudited) Sheet http://www.stanleyfurniture.com/20190331/role/statement-consolidated-statements-of-cash-flows-unaudited Consolidated Statements of Cash Flows (Unaudited) Statements 7 false false R8.htm 007 - Disclosure - Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-1-preparation-of-interim-unaudited-consolidated-financial-statements Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements Notes 8 false false R9.htm 008 - Disclosure - Note 2 - Discontinued Operations Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-2-discontinued-operations Note 2 - Discontinued Operations Notes 9 false false R10.htm 009 - Disclosure - Note 3 - Property, Plant and Equipment Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-3-property-plant-and-equipment Note 3 - Property, Plant and Equipment Notes 10 false false R11.htm 010 - Disclosure - Note 4 - Subordinated Notes Receivable Notes http://www.stanleyfurniture.com/20190331/role/statement-note-4-subordinated-notes-receivable Note 4 - Subordinated Notes Receivable Notes 11 false false R12.htm 011 - Disclosure - Note 5 - Loan to Affiliate Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-5-loan-to-affiliate Note 5 - Loan to Affiliate Notes 12 false false R13.htm 012 - Disclosure - Note 6 - Investment in Affiliate Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-6-investment-in-affiliate Note 6 - Investment in Affiliate Notes 13 false false R14.htm 013 - Disclosure - Note 7 - Investment in Closely Held Company Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-7-investment-in-closely-held-company Note 7 - Investment in Closely Held Company Notes 14 false false R15.htm 014 - Disclosure - Note 8 - Income Taxes Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-8-income-taxes Note 8 - Income Taxes Notes 15 false false R16.htm 015 - Disclosure - Note 9 - Stockholders' Equity Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity Note 9 - Stockholders' Equity Notes 16 false false R17.htm 016 - Disclosure - Note 10 - Subsequent Events Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-10-subsequent-events Note 10 - Subsequent Events Notes 17 false false R18.htm 017 - Disclosure - Significant Accounting Policies (Policies) Sheet http://www.stanleyfurniture.com/20190331/role/statement-significant-accounting-policies-policies Significant Accounting Policies (Policies) Policies 18 false false R19.htm 018 - Disclosure - Note 2 - Discontinued Operations (Tables) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-2-discontinued-operations-tables Note 2 - Discontinued Operations (Tables) Tables http://www.stanleyfurniture.com/20190331/role/statement-note-2-discontinued-operations 19 false false R20.htm 019 - Disclosure - Note 3 - Property, Plant and Equipment (Tables) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-3-property-plant-and-equipment-tables Note 3 - Property, Plant and Equipment (Tables) Tables http://www.stanleyfurniture.com/20190331/role/statement-note-3-property-plant-and-equipment 20 false false R21.htm 020 - Disclosure - Note 6 - Investment in Affiliate (Tables) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-6-investment-in-affiliate-tables Note 6 - Investment in Affiliate (Tables) Tables http://www.stanleyfurniture.com/20190331/role/statement-note-6-investment-in-affiliate 21 false false R22.htm 021 - Disclosure - Note 9 - Stockholders' Equity (Tables) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity-tables Note 9 - Stockholders' Equity (Tables) Tables http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity 22 false false R23.htm 022 - Disclosure - Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-1-preparation-of-interim-unaudited-consolidated-financial-statements-details-textual Note 1 - Preparation of Interim Unaudited Consolidated Financial Statements (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-1-preparation-of-interim-unaudited-consolidated-financial-statements 23 false false R24.htm 023 - Disclosure - Note 2 - Discontinued Operations - Gains, Losses and Net Assets (Details) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-2-discontinued-operations-gains-losses-and-net-assets-details Note 2 - Discontinued Operations - Gains, Losses and Net Assets (Details) Details 24 false false R25.htm 024 - Disclosure - Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-3-property-plant-and-equipment-summary-of-property-plant-and-equipment-details Note 3 - Property, Plant and Equipment - Summary of Property, Plant and Equipment (Details) Details 25 false false R26.htm 025 - Disclosure - Note 4 - Subordinated Notes Receivable (Details Textual) Notes http://www.stanleyfurniture.com/20190331/role/statement-note-4-subordinated-notes-receivable-details-textual Note 4 - Subordinated Notes Receivable (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-4-subordinated-notes-receivable 26 false false R27.htm 026 - Disclosure - Note 5 - Loan to Affiliate (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-5-loan-to-affiliate-details-textual Note 5 - Loan to Affiliate (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-5-loan-to-affiliate 27 false false R28.htm 027 - Disclosure - Note 6 - Investment in Affiliate (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-6-investment-in-affiliate-details-textual Note 6 - Investment in Affiliate (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-6-investment-in-affiliate-tables 28 false false R29.htm 028 - Disclosure - Note 6 - Investment in Affiliate - Equity Method Investments (Details) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-6-investment-in-affiliate-equity-method-investments-details Note 6 - Investment in Affiliate - Equity Method Investments (Details) Details 29 false false R30.htm 029 - Disclosure - Note 7 - Investment in Closely Held Company (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-7-investment-in-closely-held-company-details-textual Note 7 - Investment in Closely Held Company (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-7-investment-in-closely-held-company 30 false false R31.htm 030 - Disclosure - Note 8 - Income Taxes (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-8-income-taxes-details-textual Note 8 - Income Taxes (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-8-income-taxes 31 false false R32.htm 031 - Disclosure - Note 9 - Stockholders' Equity (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity-details-textual Note 9 - Stockholders' Equity (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity-tables 32 false false R33.htm 032 - Disclosure - Note 9 - Stockholders' Equity - Basic and Diluted Earnings Per Share Calculation (Details) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity-basic-and-diluted-earnings-per-share-calculation-details Note 9 - Stockholders' Equity - Basic and Diluted Earnings Per Share Calculation (Details) Details 33 false false R34.htm 033 - Disclosure - Note 9 - Stockholders' Equity - Reconciliation of Activity in Stockholders' Equity Accounts (Details) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-9-stockholders-equity-reconciliation-of-activity-in-stockholders-equity-accounts-details Note 9 - Stockholders' Equity - Reconciliation of Activity in Stockholders' Equity Accounts (Details) Details 34 false false R35.htm 034 - Disclosure - Note 10 - Subsequent Events (Details Textual) Sheet http://www.stanleyfurniture.com/20190331/role/statement-note-10-subsequent-events-details-textual Note 10 - Subsequent Events (Details Textual) Details http://www.stanleyfurniture.com/20190331/role/statement-note-10-subsequent-events 35 false false R9999.htm Uncategorized Items - stly-20190331.xml Sheet http://xbrl.sec.gov/role/uncategorizedFacts Uncategorized Items - stly-20190331.xml Cover 36 false false All Reports Book All Reports stly-20190331.xml stly-20190331.xsd stly-20190331_cal.xml stly-20190331_def.xml stly-20190331_lab.xml stly-20190331_pre.xml http://fasb.org/us-gaap/2019-01-31 http://fasb.org/srt/2019-01-31 http://xbrl.sec.gov/dei/2018-01-31 true true ZIP 53 0001437749-19-009863-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001437749-19-009863-xbrl.zip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�P66" M!G4T&O0C0_/+GC.K!,\;8W5]2"0%5XA7HM \"E>,.G+"*'30*<#;4RP)[O2R M\**^IY95K5)L;D:RT.B*.L=EU)G>$"CJH_84!SK8ST,KAVS#4]#J %Q1Z-VZ M%-I//#8A!2: XB%A@CX22%KA._'"2/RT><@&@"M.G=ASZC(/"[)J!0L=W *N M7_;SU+*08C'T^F'T]/-(9-+HBC7O5V -X$!?%8X]253(6"2)U_1 ZP26H&* M%F42LL11;@TIA!:L@-22XC 79 ?T<8?%%;$^J#T\%3[,=@ >OMP!1*0V&O6E:C/L[IF/5QE7:MKPN/$)_01]T+BB@/+U#@B0;-A)('>&.7T MZZL"W4_U[S@)3F#W@)DG(P_W^S2D<--5X$U=NPIVTQALM6.Y!9U(1JB5Z=SQ M +_WDK<"]!7*W(=YL0)7P3XR!EMM-&ZFFA%E^Y"G$?DP%Q'E.!).O"$) UU! MP&SB*OI6NEP1X=A(A \OB'"9@$#? (2N30"('>?$QZQ8)/$S<9;7S_7J*L[O MC''^J..L2TM=I6['(WH*F^S(_VL8A0'A0F?5TMFP-G?N*KXGQOB>ZLK13.O_ M=:8N=WWD-ALJ@180 G6)/#HM\)CZ=A7E]^:"32/)R%.EZ,OC;A=@!!TPVJ>^ MWAW[^IUKR@;>. JI3V&GE'UP$')K5:X8\*)D]S!#@%I3!*B3*D8'V:==KP(O M+)C!2@N;ULT7YC(]KJBP&4LVWHY) ML52/(SXHHW!/OSN'M-Z 9&8AK#NDV<9 MXW";'B&_P.:*;N;"HIM'RNC@*D&-N@GJ76?IXE1S@"G\J]YB@DV(RC@8@?8DOQ5Q*,1 MYA,U#96V?JORC4:L9L8EF?J>ES;/P#>U^*ZJUA6SS/7= MI8_B]TOF\B?HFZ**C2I7]# 7AHT/[_>4L-Z,;X@8]@I=T&[1I=KM\^Q5WGC8U.3427=KNAD M+E?;O7VRGZ)*WQS9%%^6:''$C&-SX7K^?94]!ZQ*RANB@ITR5XQ8M9"]9X9% ML,"YU-=%D8"&L=K1$@SQ9P.A?N7OB2'FQ,OYPG5.XQB5*ZZ9J]@+N>:A"X58 M5VJN$L3H2XI8'4B 'A1B=#E#O$]]2@G B1\Q7V>0Z3,.[$OZF!QK8Y1(7[YQ MGG1O#)\KJIH+WR54O2]@5P7'5HI=95I&H?2]HGW"7O:2W\8>]]GHFC]M)#:Q'N"4T?R7M&@2HUE)Q*EIRP?!9$ M(TS9#=Q0^&LH:9@0B6/S5P*>C+8"ZBIZ8^ 93A%K>;F50 MM&-YLRTT+1J-(J:GOG8_V7F2N?"4-WDUDW(F "8N*:#H<-(GG)- H_V.G^DH M'B7WU<'L'4[58;V96:N*53(5[ 2+=!949FER)+"L9N@L+%J/N!$B)L&/<<1F M1BPUV[*3*DY(KHBDVS6=D'^F/7VDK1%#(DH"52$A3*2G"R8FKR92W4 8); J M\,F\B>E98D!GTJ.R,L_!C'$D<*A1W# _C-7\8C3NCLCD6?XMQ3W(=Z1^Y7OJ MC36[>0T/65+#UK*V'!(.N1T8$*SGH\4];=!-/@S:G^*G!Q)"2C!(_CY%V&)! M*QA! J(6$TB1U!$LA4JWN"0SGI\EC /.87 MAXM%N]KI$S=Z>2L^4G5ENUWA;4\/9RIML;CIJIZZ2_ZM8+2K)R;DS M8^T:;W(K5&F0)L C+J;)1? [EY#@V3>GEKOOM_JOE(_W1H0OFX]L),,$3P@VBZ]9PAFUBFL MP<4$C+M5?S!/2 W>V#3SDM,>7V?DK^Z=+F%YV!F'.N:7+:* MS6Q=IXMMR[Z,GBG?TENUW%H[[]68!60M3G"[_P7[PVN!LY]/>U#OJ00M&#Z&I^6+;F[?=N"!,!IQP!O# M3DS5[]0/\2GF(^M/DO\;0E M^6Q[>3M^6>MG>TN\M5[?_P8?6M+*HH.WXPW7OZ-8XCOGZMZZIUW\-*"2SYTH M?NO>MQSQ2X3?A!?L3Y%=[(P5^OAI/DG>6T_^YCQ\_0=02P,$% @ 3XBN M3O(WQ+NT"P P:@ !4 !S=&QY+3(P,3DP,S,Q7V-A;"YX;6SM75ESXS82 M?M^J_0]:Y9F6/9[9Q%/CI&2-QW&59ZRR/9N\I2 2LK"!""T RM;^^C1 ZK#, M SP!>??%AP0TNS\ W8U&-_CIE^-[_?N\- M[T?7U_V>D"@,$&4A/N^'K/_+SW__VZ=_>-X5#C%'$@>]R:KW,(O" ///;(Y[ MOU_N^.3\Z\XP_>R7O/^_D3)>&?']6/"1*X!TR$ M0O][WI])N?@X&#P]/1T]3S@]8OQQ\.[X^'2P;MU/FJMO [GIL-OXPR#^FG4]WVY.SL;*"_W305)*TA$#T9_/[UYMZ?X3GR2*@0\14O@GP4^L,;YB.I M82P4H9?90OWGK9MYZB/OY)UW>G+T+((^H-[KQ=!Q1O$=GO;4[^]WUR^>J5BC M>#6->$ADQ/&1S^8#!?_QZ>G)0/480!.)YSB47L@D/,<+B/!9*$D8XS $OQ-)#\)\47H E(E0 !IJE&^S^'#YN0KH-JMB/>8 KW'6,G281@,@SD)B9#J MZR6^?%[@4*O#.A*7>T@9 ';U\A2)B59RD5HO:*'7V@!3*=:?>+%].$ETW0_) MQW^D,GT%2^X&%MQMN);T=IHU7V^G#^AY#Z1VB#L"#HPWF& EP1?.YJE-+O"4 M<1PW+(E.=>I6X#%=!K#F611*,48K-*'[BZHY@JZ#D*].&Z7I-!0C)J2XG5XQ M%HA[1H/Z0&11=!J&ZU!BCH5,MS7-$70:A#N\Q/!!?>'W"'4O],XJU#;-E/$, MT>N2RP-@QY$?ZP%?0'R& %VL@7LC>.5NKA,87IW\# U[L>:0G?ZO[,D M=[!<:QNW:G,L=]_@DM9O I]6PC,NZ7Q[DZ@1B%IU MMQJ-/;*FO=(M1)\&:9'E-F+QP)-@E 3J1,6;(*I.&#PQPRJ2[$>YH02BM MSK(8?_&E+>8*9DE:F^Y9'2$QR^!P]RL+C&UGV;\0S0PA936S$!7#4PR#&8#O M_\K6@OW]QD(_=T*4[M^]B)=@P]@*@\6FRL#L,)@_UXW[61#I/Q&1JZ]8SAAH MN"68(&5'LQ1+0>ONV=]L-_&.NMU8!J<8S4"3;!.=&*9L8HN/@BG@S% MO.=VLRI0_JIU:9E^8U(#><-0N#-[3?1JF:Z6!-MRE6C(,>):[1O)9MZ[>_$R MH@[Y$\^LDRUAM&TN')GYDB3IP'5UYUV2#V$K1;@ M-!7N@U7A#/9[IH+\T[YF*QM2<$EIYT0,7HV768S!)=5M)EW)@+M+"MU,0),S M5D9L-(BV.#H3"U))G!^=G+WL[@8Q]ZC1I:$QDZ=L&,(E+6$F8=D$!I?F MI/$!$C-"Q;DY6D4^@Z0\2QEGFX^%QZ;PU7S!\0R'@BRQ1W1D1EUEH-5DVRT=K+.=DRUP<4"NH@C7H8>%,$+C'*W*,IFE^]YH MZRBY9(Q* I2S>%RS1$C,O"EE3XV;GAS"SMB:0AYK)3MOB\3N$<6WTQ&8,4Q7 MOV(:I&75ENK3P&T98\Y\C -=L&3.H'DO*UG8'&OM,%=*YK]Q74M" >!' MCCF>DV@NBE/YZA'[?Z+N"\;V#GA>'0"]_&"GY6Y9R;;81!^,I9299(VE#18. M#.BQ+OH 63E& BQY_'LC^^6S/T/A([X#_7DYG6(_RX.RPX0=L$$7JM/9X&+U M76!@^PL)4>@#HT-?DJ7>AI:>IK5IN@%%K!*;A:(T33>@2/AJ%(K2-&V4.X#' M[).\.R[2FMA*D5^7;H]B# ':PH$Q[VA;J')%#*7Z6A%MSSR873!EW,\1DWR56Z97LK>#XE49OV(2+@B:I-^MV' Z!34-.],,68WZ6!7E#B\B#CMLH8)ZA<7_YAWM"96D-SVP!_3\ M&Y$S=8 ,4PA8OI\ACB^ XT"%]L':Y.U3ZI*S!P!,,1_\=X[+[0#*=K=2$[4) M0X\8I=B/P[-[V8E9\I7K;;M2*D.*]$8VF=7+/O\^T_S&;I8&-62F6)U=FTNG MH%2(6$"E,D?CI(!6OB>YDB<':0"%2/MAK[7YTD[#6/ M3!/I+BZEQS<49V,5TYX.P%VO $6M_7,%3[[S!50'$_/X7@4W_A"1*!<]JJ \ M.@>E[)%%"BCU8H@5U,HA@F0:4SX @U-PPK=WOTQ#V5\'8'WJX5(Q%>P @DGU M<*F8%^;2.K*40,H:MXC.K41GD3VTI>LLD)52*EP**CN+;*64A#>C5JN60&3> M^?5&E60#..6ATUW%H'XM]ZFW2*[(\A;JCBS] FZ\OB7+TVCRE2JDRVU7[57F M[3R\T\K#UN7HLO3]Q>4?V\-:^)O&8<,PV(T<9EZNEI$6T#1YAV[I!1V0665O MULDA8=J[(==;V9'7)"I9%I,P\MF;/SCRQ];.P[NW9VW*T:4]T]L$)=;FNB?%HWAY+<4V M))M$)H>&;3:Q M#=\;DT?8E7MCBGE\R_?&Q EF.RF:X 5'\X6*C87!?301)%C=3J<"RZ&?LE^H M1<-"&7NS;_O>KX!O^%WBW;\>+W'SQGAS?DU\'?#26C%#;,->MLOFW^1= &F\ M[4TG+"Z?)4=@6TF(^.H:5)^^<1AZ@I($_A[7;ZBHC$;M)[H((TSGO9FL9W=E MD KHV88@/:B]OA?OI<]WAQK2ZD#77ASK,0D M=RDHU#$V+19W=9$XU1%:#8087$J*ZA*U=LKENGBO6.S MG*KZ*!'$27NQ:IY'?U@VJ]CTM!C3<=?U:2(@P5H._KJ$GFF8-W.6-1#D<&GA MU<:C_PJ "-N@, M%0 '-T;'DM,C Q.3 S,S%?9&5F+GAM;.U=6W/;N))^WZK]#]GL,\?)9&Z9 M.K-;LIUD7)O$+MLSL_MT"B8AB;L4H0.0CG5^_0*D;I8)$"!!H"GA)9$E .QN M HV^?&C\[3^?%MFK1TQ92O+?7K_][LWK5SB/29+FL]]>_W$73>XNKJY>OV(% MRA.4D1S_]CHGK__S/_[U7_[V;U'T">>8H@(GKQY6K^[G99Y@>DD6^-5_G]]^ M?A6]>O/SKV_>W7QY]6/*:2_W5JUITB,:49/@6 M3U^M/_YQ>_52%FE>G"7IXFS=Y@QE&2>Y&F%.\51*ZD: @H(?Q;/_?:]GL5KR M:<#2Q3+#K\_Z$Y60!4KS:($7#YAV)*]Q#.N$I@N*%2,-*&,\1656]!?R\W&D!&^H/215/$NL]@ROIB7-TZ*D^+N8 M+,Z$1GOS[MW;LXIPWJ3 _)E%E),"1^^B)25<:L4J6F:(?\L5:(3_4:9+T>8Y M4ZS(5M%FM(KZ3H-).>,22#G=7!B?^9_KUH)H)SS69.&G O/M8:W$-I1E)'[Q M>MEF>C KE7BO_.O_OXA+])B=?EL+67H 6>_ MO9;]7-.4"8U-Z%I6OFAJGJ #TO89SU!64S!Y2ED#>9(6II1M")LB]E"MU))% M,X26U:PZPUG!-M]$M76P)7/]]=\O4Q9GA/'9>,\GT#E_R/]-'EA!45PT;N-@N"*!E_QCX>SJ[VA1Z+OT4.& MVPA^UDA%[$[K3FC\BE!N&__VFMO7]4[UJWAI./GM=4'+[7#K3;"CR32E9*$E M8=)AN? GN^1/8B+5+*I4%&E3^FX945A.DM?U?'X1#86LR=%;ZZ_F^;[5Z=TT M;WY].5I_2?*"3^H/6257;AGAV;Y=HLWQGNO398FI-(?C5=6N-73T ;&Q*^TX M_]M9@Y$ZF%W^/5^(3,R,-"]Q$@GR*Z]]^^HT3?+6<9Q;XYH4!4,\&.(G:XAS MHI:$H>P3)>627>5Q5HI0Y^7>PKG>KAM]X]S6L,%@#P9[,-B#P1X,]F"P#V.P MV]VI/!CQ"8G+ZD,5:ZXF9I3F4T(7%".2!K3C)YR(1!#R,4.S M!JNT\??!K>6+DE+Q3#XI4?8_&-$/>7+)1== 8%O3P6F]7+_)FH(;3%.2?.3? M-=GXK6T=4RODI4?KBY;.*+W:K0J9X:K;W ?-37:K3E-GM-:S4+[ E.V<47G/ M'Z0@;O]G1W&&"_Y8BK(KKIB?_@NOI $'23M75)+%@N1W!=_/[^:(8G9=%A7" MAUL"1;HER^GI2M'5'\,!Z<$:HG-+&5HXHO,6S5+@&>?$5+9HTIZJ9 M(QKO%MQ[.R\9WZ:9?$DWMCJ>>*TQ9?<4"3U\MUH\D*R!KL;?O<7"3B96I&73 MA8A1ES^,6BR]CU0UI0&N29O[\#QIE#[FCS] M (XGO=B.)GL_@F.OU4K4Y.PGH)SI.&.:+/X,E$4-9T23PU^ P^4 M,_THA^Y>/GPJJ*NM\C(^ILL3/ -%(R"IRQP\$T4KZJ[+'CPK13,!HLL@/)-% MD2_SD$'E/A,C69J(-7*#Z#6MD"G)GR@K,5>3E8%R0'Z' MGE[9JHVL25G,"4W_R=='*SNR'@#8N&*LU&?A>6L Y,NS@"9= H;U:#&L)Q.W M#QC/\47LG6,\AW>"S5@RWO+!A.P[\ZFV!<"$[7ORUV0H@ G?]^1-([SF]GS@ MVVA),??D*H\^(M.(RX([>HL]/^^9<\B)XLYABK)H.Y#I44*;CW1^ZM ^\<%5 M#J[R&:/%GBW-_SJTH_E7?Q>GC8O5%\S5?W*5/V)68"PRTXW"U.\P2N+[SHUN M3(AR:$F9X>OI2^K$TI;1W#";; UGPGB3:LY6^[O4]73SG"_/-K\-T9K-+1#U M^\4G\HAIOJBRIR@K5O>T9,55'LLIT^UC@;R:;T+99#I-LU3H^K_28GX_Q[^C M#'.#M,@Q9?-T*:>VXQ 6B+_#>4KH'8[YEI?<8[KX3% N)U2CN16B:(K9^46Y M*#.^NS[B"\(%1(N4.RPWO".F_.G5K%-1VFT,"^3SU_99[..4RKW:?1?ZT09'9'#(<]._(QF[/ M:'E+\H:^B5[#?])_5J9UXR(R[WA43%FW>8R9NZ8SE*]INMBZ.<('SQ.N7QDG MOOKS>OIQX_=L'>6]X[6\]5TZR]-I&HLZ.K7BX$KBAH\75G_"%QGN!?Y< M53;:RCI-1T>X_ZD>LBR.LBRA4L@XLDAJ1JRYL\0\= %)#E:M86*BW2%*06%M MDN[FW.BRIW9C/8Y?M%P_&ZQ3TBE" RJI[%;##5-WR/G,UW4[P,N(A(QXRXB/*B)]*)CC$]ZS%]^3F<@CHP0SH&89O M6YT",!$^(\84[M;H,M;AI'L(OT(-OUIPU7S%4'^,,DY\5) (;7*PAG%3Q0C. M8Z6MM(3X:(B/0CUH%TZJA="E/S9V&"MV)=*&D^115!MD]V0+SF$[F.5>Z[8X MIKV!1Q<;'"WA(:@9@IHAJ!F"FB&H>;Q!S0!:'$.,$U#D# !@W H,,T0 0P30 M=@30MI/C*QSX4Y1N:>,?.P<%6\=Q'AK4I"@$"$\K0 BF<-ZHB?=3]>\+>DH7 MY:(Y6BK[W1%I7(VPTJP@#=+OY #Y38BV)RU"\<;Q,A5172'6%5->(4EW-?@II M\16@<1!J\H5J=*$:'8@J%9VG=*A&%ZK1A6ITH1I=J$9W%.""4(T.YKKS4]0* M3I4]16(&S.*2^5ZD-=T%:N'H^I; 5TS;VY#G10/@:"2 HZ[Q5 M.+-5-,>9N)ESL43Y:D.I)L;(9$CG<"-SX@+RZ+201[+\][RD\3S-LDOR+6>_ MDTS<21J2*Y:2,GUFH+$QO8]NO2=O=4+SC?M]!9)%^L45#3(YV* $&$"E!XX MH;AY"*&Y/[-G:+G["J+]$J4Y;X2C CWA[?O2#)&%.1$4)@IQ4""[&( M9[$(L2SNT9,^B%ZG2X@U!#QS<+G'[EP&.SK8T7#M:-U=R)?=_#YB GHW)YDH M'1/A*G=N:#XKQW!N16M0$XSITS*F)?GD&YH^\JF3K;[B&2DJ5.,]13GCBUEV M>,ZXGWMS;<)%E:19*0#450FS*B#WX2G.2C[E/W)U=D$6RW)SZ^$'Q%=6/F,W MF-[-$<7GJ^8!5,5IAW\B%#%*"X&8=CL:AOPGW/<0Y,H#K])VP2_O>M2=;^ID MA7&-WE^V'CEN;>_KM+[03R3G)H1R*2C;CI!T_TOW%F=B]Q0'"%9[6ZABK]'H M 8:-EMK2&GV.@!4(DXSKR30N5*52M-IZ#+T=K%^5-:;5)X0^CP]F=;?G]M;O M7E0 U@^9&_F@0!::GX5^+:G1) M#N>A%G"1=^UE2XS]35 )(J!:$0+H;J!9HF'SCPY<:.PN@UOO>MJ<= [)@UST M-G>\7BL63A6-#FXMN+FLMK_V8=#J$#7(.6O'&NTU6^$4I A@%&.. AC%$1BE M8WS'%S+E[9N(E0\,_Z,47^%'H5(VE&D"4U1#.,>EM!,38"D!EL)MV:_XFUB8 MTTPO;).0&[-$[';G_2 V7F4.6-G6.^DM&K2E M-0CRE2NTM?V(60"@:9Z3UEK"I;5]R &''+"-'/"17\ZMF=AM4=[$6$V.-M&I MM8^!B\BTOQ4YB^,)^%J8I1#2B3;3\M;\5G!36JE)27M$ N04=K'='$G^+60T MC#D*&0U7&0T][\1#!H.EL[PJ9\4_HUK9<,42+4F6QBEFVP_Z"0W3$5WF-[K1 M%M(=IY7NL)IUX//K9CVK6F+M[1W<,\'MI3VR*,GYQ[A:2ZPBX8/"&EY92VM0X ^U.UIL7JT9A"D$-"((GK!J0A.Q9B;V=@7<]LJ_W/48:XXKB;8UQ, M\F22)-5R0-DNCM.>8?9'2? CC@_H4SV^;^W(=WT9(*6[I811#&(WIW)'H0%WP)H(WT2&Z MOYYF-V*6<77P83/'V@PQ_8[!5@^V>K#5@ZT>;/5@JY^,K6ZZ/?HRK7\ZN-$= M3:=I)HJP=+.J=8=S;E";$19LZ6!+=ZWJ_ 47? M+T5E6)QHV4L]1_/)_LM";X8C6GQV0!.?NV_#,!++M@87)/1W#";; UGPKBD]/+>_0O7T\USY(68 M-9I;(.KWBT_D$=-R/<(DC31:-31&J&$LLDF;9_\E1;S^SG^'6587**2$EI=:<0M2TP7HFJ5G%"-YE:(HBEFYQ?EHLR0N'+I@G !T2+EUN -[X@I M55VZVFL,"^3SU_99&!R4R(2:S&>4F2<'G#Y/5%3'HZ9ZM M'4$M;TW>T#?1%UR(,T+3?Z+6J^#U.QX54_XK0%=K?;><]ZX0VRO0=5AG2*>/ M!U9*(=+KJ3!P/E1.YAHPJ>!$HXN/\Q/[^]QE^I@F?,^Y%=1A&O/IA&:RM(%) M5_>,A2LEO.><7H1F3R]1%A(UO1FQYJ,3\W@,)#E8M9Q'7Z]>88F2[J;>Z!*4 M=@-88%)B!NN4= H[@SQU?4??LU*K61B(RH/:F&Z! _!N33;?C@:S-S5LN^):=(&U)QUZ1(! MWVA:-94ZF^1V#^G#QR!VOG0U'AN:T9W%HV:I:Q8>S#PU>W/FH7*W.ZDU1HW3 MG)I\_@",3X.TE":'/T+C4#M=Y0ME^T/$R@@)H.X[N M'!O;B\X >STMV*L$C32Y?7F%XCX2J>EW"X]MO+IQ_[F*NQW[/?BY]KX2:'*^ M58G]N)&,]N86B.+J-<8X81^YLKX@689CH2RNIP=/O^&F49PN4<9=G TE341; M&,X*3(_;SLF$#]XRQ90- ^+-IR HKDR5!>%[?QVQK KXUMQP'KAQNTC+!=LK M;R 708_!O .6/E'"-'%*SYIZ)_PKEL$2Y0U]0)&T-):$$\/>?MG;;B$57?@0 MHV[2970 I=$2'I!5 5EU5,BJ4T$4A3R1M3R1W!,,B2'8\7C--&"K%P8N J_% MF"*2,#KD4RA*8JPL0QK/:3KDA1L)3FET8JO!J1]9FLYN9'!DN3NS6.Y(TW;Z M(0--!G\"S*!VG$>3UY^!\6HC7NHK._MCE'%[.RK(WE4%_3*R!B,ZS\(:TQ8R MKR'S"C43";+@1ZB8,-N7!!2-YXSX.\,/E" M\B8D;T+R)B1OPB&?D,L!E2$ <,#2RK&ED.D(F0ZP!S^@)#T&"8]#27R8>I>^ MHJ;R:U[[Q4Z-QW4>0>U(88BCGE8<%4SM\U$3[Z=P^Q?TE"[*17/\5O:[(]*X M3E.2UO2[&])N43Z3U:Y_\9M#DJ2R:O@5&%GAW@)[>1F0]Q;(ZV/5*J;^7;AR M-S2-&U-M'8<8DOB=P.IZ"5>,E3CY8TGR'3%&K)@,:(&Q3W>3SQ@Q_AQA0**L M^D/$H9J(;FULDZ!;G.-O*&NEI:&=!3+"+1LV"1WI+1N;>@M\KNT*+7PD]*]Y M&HOGUV;S];><3;+L-IW-"W;.9^,TK6! YR7WMW-V/>4-:@(;X0,#/=M M'92*O&JY)3LBQ2.3\Y6(!B(ZXZ^HHJ&Q:1/C]D=WR?(]SO?I8O;9-GJ"!=9O M!55\.YI0C,1EAO'\$T/K)ZW6>Q(W6IIX,NQJ!0XSCJMFPA4G2AQ*N.(D7'$2 M[@4Y^7M! @P' GKE:& XS5$XTA()@\9!N%\CW"P1;I8(-TN$FR7"S1+A9HEP MLT2X6<([\#'<+ %SW?DI4 _GQ@P%[ #,XI+Y7J05S %JX>CZEL!73-O;D*-^ M A@:)A@ZW-X0;F\8;048BV@83?:AU(CICVO29!A*S9CN"6--1J$5C.ER:8>2 MP5^ ,.@ OJ(ID?>0)*()DM,U+]R%JDQXDX+N=-D"938-!472%084XVIP@)*O M(UP_'QQDJL2?1S@_V-6?V'#&Z[3.>,EP\7/A8:99 M=DGX%O\[R1+N9K+/1:(X;:#7Q0:4G+^-SX2QZ_P.B5S;13W+?^>3O+*NFZC3 M[6,#P]CX@-K/:2)-I[U[&,Q%AAA+IVF\+H3X)Z+I_C%EQH2D7$Q@XS.HR8 MO=D-)G78ZRV2+F8GJ)2CS\4 (8T)"(-R?.",D*=U'&-S9/6.+*UKZ.".+)?; M(;+@*U+Z2Y169;BB CUAUC,FJC>8\^BG"5DASGE:<4X[7NKE.HE_CYXFC.&" MR6_[534%0+C8>"H[<9)EY!O*7Q1FZ=#30RAK.A5WTCSBNL8@I_&VPL[PJ9*7 MW ^XYA9F1:LL5F ^@(]#O&O2,+M!:2*?"RZ?528-HG0U)?0;HHGL M3;1W"&&_8PS['2J30WUS,1=PUJM<&6KN.DP(]P4?/OCPP8=_$6/MHTY&YJ)W M-O1&YJR;&AHCPUOK&H$CPU'KNU,CPTOW]4!\!9+>1TQ$M>8D$Q=%1+@*=_:, M)QF-Z3RLU(&Z$%TZK>B2! E671Y;+62<;-=Q%?<^%VC:"[)8D:(Z#'U/$7].+*T:9MS/O:,YX7),TJP4FG:7G/GP%&+95EL,JV(JX=\QFXPK02N]#ZMCCTZT9ROF@=07:\Y_!.AB%%Z<8!I MMZ-AR#\ <(6/&_\FXQXTLA+E1UJ[7:>DPE'2@U ME6VGU2>D\HXOE5?-V%N\7)5OT"VZQTRR#RJ6.TDTZF\>C %LXC<. .&VDO6V(<30$%5 &J%2$F+U6+)QRU1WB$^#FLMK^VC\*JLY< M@)RS=JS17K,53N7G (HU7FT!%#LL4&T E,-(D;*V4UXC!=*:QO1&"JCM%)D> M*0 W<8&'F"%<2QT*1.TL,\$Y:)@^,\M MCG'Z*$RH\]7NL[AN2X4GM3"D>T%4U')"*X)WA'VB51$82K$4<&S0TSU;?#N- M,4Y8[1%D&8YKAZ B>D>LA#7#WC[@//LSJ 68)&\Z.L+] ZD"A&=P8K>&QP=A M=RBA:LJVWDEOV3!:6H,@7[E"6]N/F 4331/@,_;@,S:,*&*R^T&40IMF(,9K M<+08$2TE"2Y'UOY6Y"R.)U=F899"0&+81#19\P'!36FE)B7MWCW(*>QBNSD2 MZ$)(!ANOP9 ,'OJ:U@YAFI&F>XVC;1Y2)7RF,Y*EB8!Q1=NO642F$=D6D(G* M')5)*IHLD2![CHLT1MF6Z_;\B9WGN$RJV*0X9%I.*]-BJ?9N4\IU4S5<*%#> M8$D8RJZGC4W/\93077DH23AEH*>$,*_/,&\(;P4+.UC8)VEA#ZK/?8%YON=+ M=$?KO@$VXYRQB$N>81:A/(ER7$2HJO2X0;_H6ZGVGN4<_F.1ZF"MGI:U*B]" M6.D)[J^62ZX/LE+,[YB,R2%N+4V!^7[7>SA?/];2CRV<\.!#AU!;+GI%CU2'N/CH0 M\7"*ZHK1DK=J(@S=L8"PSNH)S;^9GJ_$76M*?%*7(: P*NZ.XY.0=>-1VML+ M>[MMY?G]I ITEF8O4.PHH4[:_8Z()?]X40.;9I.,OD$K1?RN_X#0A:"VC:V. M"5H4%X05['KZB9"$W9$LZ2\(V8B@Q;"].;K1<; W(&@AW(HS6-(B<-T'\LPT M4Q/;7N>[YV@GRK[_;5'#!6(;W_#YD?9;O"14W)Q4QZDD@K$^OB\1;>/TYR@3 MMU_=S3$NJGA'4@5^42:8RP@KN4H[7QE-"(7UZ_;A[H6[9PM4?J>N^I2(J^]P M(<$=$MS $]QZ)Q=TO6;2V2^%R+5C;2D37E?[9W1("9^[%#A@?M\I0$S2%J @ M**-=?D=VZL4H5 I[_2CWGS9@C%9@'^0*&F+;AC#)W;[^EIQ'./(3 (EF' = MHE+K=(ATCO3TC[48OR;_4*H\NH %:8H$6D5(6PD/3?:A%8D< G:D*0IHE20' MP1AIR@)*64F+$"--SG\!QOE &0]-:;P')@U;* E=,\EA:9$!^%>B(W1% ,54 M' 0\K2L$:(:CG<24+O=C-1O;SP?X/DW_4,'HWD[.=Z(SG$ *)Y"X.M@X0=PIO$P?TX3/B;TZ&LVE;LT[^JMDO#9? MU#5[U8T]$+_-S=R@-+G*+] RW5UH(2KDRQC1[NB!J6HKD1'^[$=?Q$T>1$@D MEDZ3QD:^B&V9TDUMW)-Z@=A<0N'^3QX(VRT)U3W"LF8>$))XBOG+3(2?>FB4 M<4/M*\ECY80P[N^>Q6*KN0?N"BSGAZOB1[Y?/[A@Z M9$3=VA?8DD\9C>KPRK9>H8P2@D$WZDZ)QEW=UD]AS5X M4'7SRI!:V4#2+I+J=SK;@4E73XSMJ-J[ U7L5EJ\Z?=VSYXDMJ:>>'J=?#%3 MF12M;T;9UA/I^W:0%OW*#NZ9N*%XR9V]=1:3+^D](:MGE$%/'VR)^CK%ZB9# MN0@RB UB*;.T:YQBH79:6!N0N2QJGL[>EW#,="CO!Z&UT3$I+1^)*6%AN^ MO4,XD!, G@'@&0">!RRI0L_@C@Y(B"6JV"^X]]+.1"^3#!SB5LYOUW0?.%!M M^RLU]HC H63;>=2(TX(#O[9SU?\=N<.OZLQ#74\6'""UG3FM+ J8!H8']-3=$H";7<9XU9'X "J*&VX& M5"&OP+D&FKP9PA+ 34U--DWR4N!< DT>+?'ES@TP>7<:^2QP#H'Y>P,^$74C M6WKQ8W#;@0;A^^$A)>H.W'Y@QIPI1A?-#S*R5YMR7%<116H7!JCM[>A\4ZOP<;T>&>E(<#@^=UN$A:YC[ MW32KP] MMZAH]/ 3L3%[E2YA/#&-IX ;@U"%#LOWY//<G6)@*"Y<*XG!9SLMGTUZ9>D:O76=[\ 7 M5_ED.DVSE,^H V*,^E@@;U>K3E0*OIY>"(68K40-V:;"!T9]+) GU"9_ ,5\ M@=WBI(P;;K]H;VB!D!M*8HR3JJJ9OJ3T>WFIV$%QM3$NQ/;ZS[H*55V:3J2( M)WER0_$B+1>L_21UO\%\5/S8V!A,5)[CBCY.*^C0SNRZ)P)?RM^@6(O)^>H/ M;BAMB3?ELPF?8H\XYXB$?%0I,/"/L !#\ C#\_(N]EOMUN7;5NBKL;5,! M0X4 7),P,D'?5#6R.*\4(\:-__K_+>\?GN(YRF?XEF]R=:W,(43=F0@_PC[4 M"Q_3''$=LJ\7C*=I[S%AB*+>2^R*PGA,&*)HV"UZB\)X3!]E>KCG'*?*^[X; MFO@J[;(IC'M1RY"+MO7%Z'?TS919\1VCOEY8.]@>]"Y&UNX'A"6]:XY-ND)@ M;*NYUFB?%AO=? 03(J8Z@Y"J"SX9]@;('M=)FG[$! 879^"VQP5:#P-I\VR MR6!>C&M\9 D)DV,/[L# I&& V^5;<9 MH#$09*;[SP##0<$(H\&E["\,PT$]%-="J\J=^4CH)'D4Q>/OB2P#9-3'*RNW M>%G2>,[-CNMI>ZUL_8[^F%H?';LG]^CIK[28"ZPUGT*//K+?OHG<2 M+IH;^22V6O8']\%)B6YJ'!"J1UB:KEPN:T@ARL1$_9B1;U?YE-!%?5%42\DW ML]X!@!L N & &P"X!RR9)EU&BLH='IL"[F3TH"P_*_PBRSJ"6Q*N1&(#) 9N MH;D2GHX=# [^/K1P.L!1P1T(=S6!.N3;PBR=PQJ+>K$CI([G]L:B9NP(J>,YS[%8L^9"ZG&8 M8"SF;;>9X^MT-3B+&(94>Y4' &(&OS9=L:WU\(;\.$NZ^4-SD:HJ7=:-?6L53K;78&Q0^7QSUD- M1\N3?42:]#+( QZ'&MZ]@#YN5C6@4O/T.%_=>1L=5WIPU'T,(E":Y]6"4C7?8/G;NS99K +>\6SJ=UWF#!12I, MWA7I8"@Y#E>H#^H-/Z][G>US%[/I^-9UC7RW_(;SIN&\Z?&=-S7Q=,!EK#7/ MF@X2)@&7F>[YOE^X@[Y"X>\CMG?;:!68+5;1 V)I7$5JDS0KQ;4H>'W/;,3Y MB9C =44QRF+QHFN5UB44/LS#G8?"AV0CA,)#*+QC\=%U]JY&I8K9QI[?K+5# M9ZZ1G!-*!62CI9JSI8%#/.7X2OK\A=/9G&NZR2.F:(:_EF+_%"?_*_U73Y7K MLA :5F!<)-QT' 4,NR\H/!<[@1FSZC%"I"QXE\&[#-[E 4L]=,E(G4W;YLA( MW.Z8'SU-QX2;98B0M7S:J&MBEQ]B+Q. -GI8W.,[;/.L21'L5]7!R62Z6 MXCA*GMR5#RQ-5M?3*N\&Z,-; MK>R.[EX\']9!KQN\/0Z:QM6!AFISDK"MV0L<.RU5:PU[>PD<'?OU94VTM=\; M93@ 1"8/5 )F'YXXS=RD37-$5Y5Q*\E=JM'#,A@+.^#,7\Q8O14HSG]7FG@UI MZ(P/6T1]%DJOD7V+Y=@NR*RU][J,Y#G.N5.L7O#2UC[(WYU"$Z1M#JA)Z5@6/O&U1E$F #;)(LU3 ML9T6Z2-67[QBUCED;4/6]D2RMBVF;==AX#(8$^+ M5&?L?XK2K=/,/T9H4U%X<]Q^47G6>ZU8QZ($%I[DO *!-9K# 9/3.F#2F&%F MM-C++O._#C/+_*N_OXQG8?P5+9KK+NIW&"7QUFM%:C%Q%\]Q4HH *8E-W3I4.3 :2:NVV&0J(U)%I[77%Z7DN*Y,$ >UPA89>C3 MN+\'%I.D6M0HNT$IU[H7:)D6*%.SI=/'!RO_6ZZWC'LBH;&"VSR(XK3B7? 7 M4>F76Z%#6%I@[KL]IC'F%D1*DENN@V:UROL39:4LPNKJL>X%NN?4*.>#M)V/ MZI#K"]$EI+[XW5>R4^C'N1?@K; $.>D;(+)2B:D;>\SN'2PD MIDB":_4)V=7CJRE4[;VW>%G2>"ZLC$G.S8@BI>(\,.6SN;8L5%9,AQ$\L;GV M^^HIKN*FL6'(?#O)^.IIHA=1+J6E,[I\;P>U#"X!IGXO1-L) )4EL#M+1Y+5 MTGZ3!NX]N)"Z-I,ZYAZXH+K^*^P6>!H=KB D)XUWB)"<'#:EU69Z@E.9>FP= MWWE^MW%;32%!.]_L)BBD*1QW-;D,EGH7GUF37W>5M_3XE03/VS/RZ^_%/V(Q M\6_^'U!+ P04 " !/B*Y.83^%L1P[ (%0, %0 '-T;'DM,C Q.3 S M,S%?;&%B+GAM;.5]:Y/CN)'@]XNX_X ;;WB[(U33W3-KS\/V;J@>W5.W-5UU M537V;DQ<.%@D)-%#$3))597\ZP\)D!0E\0$D\>#X/LRT2B*1B40"^4 ^_O@? MK^N$/-,LCUGZIR\^?/G^"T+3D$5QNOS3%S\]G,T?+JZOOR!Y$:11D+"4_NF+ ME'WQ'__^/__''__7V=DGFM(L*&A$GG;D<;5-(YI=LC4E_W5^?T/.R/MOOG__ M]=V/Y*?'"_+5^P_?G;W_W=F'?SL[^_<_)G'ZR_?POZ<@IX0CD>;BSS]]L2J* MS??OWKV\O'SY^I0E7[)L^>ZK]^^_?E<]_47Y./P:%?4+S8=_]T[^6#]Z,O3+ MU^+9#]]]]]T[\6O]:!ZW/<@'_?#NOWZ\>0A7=!V.X.OSCY\=?;UAR]?\^@+3G5").DREM![NB#P[T_WUYTP MOWL'3[Q+Z1*6Z29XH@G'60RQRNBB_;TDRPY> SR^ SP^_![P^$W;:,5NPWDC MC]>;A'[Q;C2F=S2+6725&D:Y?5@KN#\405;8P/YT8,/X/[(B2,QB?CJD:9SY M$48-XWPRI&&&)B^ M%I3+H_+4K,=FX<$D\B+9G8%H>O^U/&1_ ]_\]9*%VS5-BWG*#XLB+G;7Z8)E M:W&^5V $FG($I>SF6>570.LG M_*)=R'C$G53',YKD;&U M#I&9-N4D(3@2QVNBQBJ?64$?V<?VAC/Q/C89AR#%S;K/JPQX/,:SS(70G>/7L: M621FG/(66#GE.^KLJ[,HSCE-. Y;KN:P#9B7_,3.SXK@*5'G8ZW!3#&Q$E G MA^U7W/:^;*!!;FLTIL'">NO3Q[\(HMMBWJ_/-AF +G9GFT3LIS0ZHW_?QAOQ M#(*#M48TRL9*D)WP\M> .F'FWW-FOJ[1('%*YA4:$V)CY?49 MY& ]HMMBWN_X%RS\9<62B&:YV$%\2R$85V4@HTS;!] )PW['&?:A@<*_BG.W MV$V(6Y4699!3U2GM7O==!C'_?\+RG.,",@"\:P'_J\C/(FEP&E*,-2 YTIH5 M,/*M4O-?/@&6,W(CT!3JR6?*+4B!)GE3.@7>3FC3F&&!$8JY]KIZTMKS[7H= M9+LSMNA_#K,/[8!V:0=HHC@-@P%$FL2;L,7 HU/&'!9%KZ8? M__H<\!:2\E+B3:Y*O,D=S<@#X$TN]GA/IR%;T\?@%0PCKLIO,PH7G^<< MVB]'&UCG%3D#T!9;7RIO M[*>I)5IG*J3@,B?-\5MF3YQJ=*\G#_FY0L.M'JM+^>'#J)V<;@^E MVV)%,WDW])G/?9ME'+..,ZGW6>21U#JF;?X20(F\X/%R!O53DFF1QRV_W,3! M$]?/BICF%[W,TOT@DE-.![3-)MV0^YG&'OY%1^I2SR1$MA,I.8R2\,'X/ M5S!U4KEE^;N,A91&^4<^DPN6)#0$'>9V(0YV;AG2^!DB,SKV@>;;R,VA",7V MCKG+8B[C-ISA-L%.2NM, *<1X6I?OGUB6<0%(7AI<\J9DO^;"F&?U3AB]I:U MZ1<=>7>]-)"X$.!\LL<&O 92L;E7G*NE/:C+D6PDG3TH-!?/P>L=RV!"\X+K_4];$7#UR.Z" M(9W((K@Q:I4%M%R)7%OX8PZ7"="R)W-^V/RF19'(!#=^ M'U)F$[2LF31)NP MIR1>EK%C411Y:*B"L.ZN:*HJ>:F*)Y[4(S\90TRTO MSL,PHV*3K&&S_".0JH2(:P6//D?]+J/K>+O.&T$W'=PY;C DO^* NA*A..PP M M(5'1#*>(T:>=-$[BV(PAH_$3Q283@C4Z?&&&5@3X]81@GP3Y,XY49N8&:6 M_B.]^AQFTU;_H>00KVYE#6*]LT8'F]%VVE'U,ABF.]4=R&]%\^M#Z#U?*: M8SE3WII 45K(.*Q'7S1XO%QK7WRF1!NWK-P,')-A8V"TJ0>P:K^/W +*<)R$ MDAQ'VHG@O2E%NNHO"QM-:\=78N7MSD>6S:-G*#[ZR.J:VC/3@MBO_LG'_W68KFAL5509R-'3]#?E, MLR>FZ_LIHWPD^$JUUG+I>)NOW@%D",U?!65P1OI\#:X?$B9<+8T7,6>'@)]E M!_S1B(PA0>/:!LZW^OYK"3,E*YI$9,$RPK^BA/\K?X<8AX4',]_@<< LK:RG M5#"%\)S>9\XV-'QLO?!YKP\9:RBT R3Z-Y MM([3&")TB_B9MD?KVP5B63JK(>-(6)?(S,A2HB/N9((#A)R(<%M$L2O1U;#^ M-=)ME+QG"Y*K\]6 V)_!E9FDP(SPI^#>C&L-ZU@&RLQ(L[H0J:L+35LAT#R0 M$/H!AC%,)-7L)!T;D@KO&/XV;A MDEZB0/S/!W]O&%>3@+Y%)-ALDCBL?2KB7KZARWDX2%1V!M,EJ3N5[C,MI*O? MG#^E;TC+ZEH;Z*GI(6TXVM0ZS- $<=D%%17?-%P&;Y4NO*8P68,.E)16]WS' MM/AG]9_T;G^$8J&UQ!_3E(MEU.DZ['D/Z2X^&L1R0)>$24 MDYB1?WG_Y?NOR";(R#, GY&O?C=[__X]_$=$I:.SK[_YIOHUSG/0^,&P8-M"=">$/AT0SA&$*R[!\PWDR7!#(_)U1=*Y8$QU M%1S'>-0!]?DCJXJO0.BR=!E!:=M'=A'DJ[N,/<<1CRA+R) MT_);M[6A=(C>+B#Z*>F9V:Z%/%9EM,.G33&9'-4+@Y7JR.28ZXC0?8S51CUO M3'479+>9*-H2";WHCF8"RV$&&WIS/+-U07#+>+7N+)@N8DD29#GAHDDRH'?^ M&UR'=EY4(ZY;O@1$A/8T3[C"!*%+EW1!LXQ&C\&K,"4O5GRAZ'4J+?8.)L4. M@^1877"N(O9T\<($\=F?.\*?7B-%:JQFI,)+5(X5F(&;/]79;K^O4S(5ZZ^I/P> M@F79[J8L;> G^T"=\@Q-3M>Y5X>[(S_=0!U^YUKEB$@$\I3"ILYO; 2)1^V_/"L:>X__=;SO^%=_O0&\_(TH1W$7[.":?""?N?=A?/F:ED$=*.ZRZ,I&@O55;:2/GDR/ M2(XK\$(])UE4.@LB.D\CD8*Q#[W*U1.(1XV%K>.+@6F;*P52,UF?DVNP@)@P M)64.60.W224:CUL^9G1-/-NDGVG7V=GWJ"FKDP_IS=@3:4MW;+\:B\@>*)_8/L9CU7U-GY^<*C^O F*!&;Z5//1#.0D ME[??-E%[:51[D*[!'?4)T:H@8+5CR""53UJ'J)'.&X M8757%68(?#,=95#V.^I(7&9$8".<4C4^DW)&H1:(F:#Z1'@9S<'6^78BW/KS MHT@(G"RCXMAS$DPIXO1$6F=21K#*"/V#_B/BN_,@IU%9 6^>9>#$Z&NL8&Y@ M?#&ED0C83WV*OB=7BP4-A0\SBI.MR/83T=&$;62RDW(\_G3(@# (&FB2,DA< M(DKF1SG!,I3Z"9 E);:DB:Y/OZ]!IF?VEM#M"?,7&B]7!8WFSS0+EO3S%B[0 M;Q=R#K?[O-Y'#5G*- M+(?S*8A3R ^^31\"\ M<<$N))KL?:"*;UA_[BG3>P12T&1K;-J\#?-%J5I06 M69!0PIF,*C?\J%@Y7 M/.<>.J?DLC3"BI*E6,I$+&6TSRN4HGQX,M0RN MU8"Z U@5]+3OCBAC.8;<.I@AT*J#.BAW[O6\$2FW1Z<,[?'OET2M#S-!=,=Q MH?L[W@$;K.=);$SGZ8C6(S:OY^?7-]>/UUXC(-"@S4O^KZBQRUKR, MH39,&C6J,+9';NB_B-$$E0#8/Z7*"IMP1$4E&HVBFOH%^RQ-"Z=97 19MA.5 MDF1]/NAJL! JPU.00/0DR5>4%J+PF% @RK,Y;B-+3FB0I32JBQM+,E$?K0OU MN)/AUV;D]KO+6$AIE'_DJ*L;8.IO83;>\.@.KH$$!K*>ET&-WL;4C.CTHH99 MG$(5LQ:=7I!AMUNF#96E9GZ#=S-=]&\K0B M%.M9,PTTP MS!K@TXL,\55#570,VDK"N%8XR\4NH/I7) 2T/[BA?)H[YLK,; MJL:K: 5D&(0[1608%YQ"8F..*,6D2FM\D$41*UQ$@Y(949VF-1U%@]W8&/JZ MW8$B9YF;^R*!>6_J?\I8/I"VI/$FP^*S-$;+Z/<1JD(1C= MS19!3Y0+"[K/)!8M)RXX+\<%@?NH&5&:NJ4=J<-_; 3)'6ML4"X59/9-G-)K M_K'+GNA^$*N'G0SH(E&Y3$T&F$0 ]=5QOI.:3)U$;EGEXS9+XX*KIIR;/\:O M\"EOK82D_@*2=;H'MLU"-63AB*]@^RF=I$%FID\[U_U#^"'/C80@@9BKZ_0B MV,3[L-L6M[S^B^C>'D, K-?NEA!)G!+Z&M)<7!G5);P]]=E0ICK#D])Y?:_M M>BO*N8J8 8[6)J,KFN;Q,Y5!@;VGG?;[^"I@:G"LIU'<7ER?9 G*^TNN! MJ+\2;#1Y76MM?+.L6!)QU5NFD ZYU@9?0&MQ70-;U^8>;R_^\X?;F\NK^X?? M_N;;KSY\\P=R]7]^NG[\;T\:W2"%F3[9)I(I>;Y[Y(BTI+(CWC2=*[F'X#59 MJ_CBJ&RE/@"V6?+SOH%@&30O[O[#&I5&2T%\ M/I/9&2(N@J^-3-%JJI,2FYVD/JE3UN>>:VW/"W4<;Q=0U?$@1_>>;E@&18^N M^ O%3FEK&AC?R X>@8?]&KQY&=<3-9!LL/Y,M N% %?(IAN_UYW2 G$D#!)D M F>!";[N/#*,+9#C2\EFX]:NZ\>V9[ 7CT#!>31X1)55\$.+N>$.4.F M37.$GB)"#0.15U5A+1(B_OF((_,Y'HH@*\R0B 0%>:++.$V%E;BC&P37*5+,DE3T.VJA1YZK#Y3/.IJ#] ?0[?TE!Q_$G(6M M UH/W1! R?RWP7KSAWNQCQ4CANS-8'16>;Q/=0(5MPAB82)4%:%.I^QA[_2S M#U.GJ*^B3])EU:%3J#X^NIC3X;#.2J)(KZ+GFDP=)&VMO]1'IU^1D_%.&*RB M&G"0TTLJ_ZW-L:O7< 45?R')2E:5MN%F1"/AP]&HC>ROPM6H/2OG7B$'=$>X M&^%&Y$U4(O,6CC'Q"0+:0Y0G(?S^-.4?&KGX?D5ZE:FJ*-*/'S1O-,ZIFW&V0.5:>M^$RWZ MR9+<0\.&_)RF=!&+\K;GVXP?Q/GM M@C] LWP5;]K<1K9@8#Q.IG%QXI(WC;2VE\L_U3"A4 )I<-5SM,D>;U'806 N M?&,2=P+(0_$'(M&?D6H"PD HIP"#_9JI:*1X97I U\TA75]JNE))5P9T#3A= MRTJSF9A7Y9CD;\/T9@1BU2C_-TAW$+XJ0S6KVWMYQ\"7H3$.$P7$GYJ+]+1? M)%;12""UH!'-1 ZS"(PK@E>RV68;QB&2+! #%=PZ(0%_DI(\7F\26M]:>'"4 M6CLPF1-.'"F2[H%!GQ(ZYQ;D[>(J"%>?\J#*R"G;E')#LTW2:+Z*$2"*()S( M!45#\GB>11EO+B*Z,MQ;0&"/.R S0QARKH!/Z MNN&BRI--U\<83(-6;AG_BJL_;$>I<);ZMP>>1FZ!S7.L! OV]1F=$ M(N/7^S5,=:9-2F]>L-O%051I,];T-+9TV&6&&FZ\?TT+K =GG!9^(SUWEFGQ MS^#FPW%INT]P!+E'6FL7C&MKW'X4@6K-ZJ\_!J_Q>KN6O^<<[%T6A\?UC<<, M@;'>-$$YL>(T<=(V<:S/&6'5-7 B)[602[S('C$RT9D;,?+6Y73#_70W@ [$ M\,UG@37[-] M"(+]$D "A=K0$IY8Z9RMVH=Y;%>ALP1L!%W'9K;4U=&%3_8&0F>BO6<6_*S1 M^>YQ11]I>A-D2YH7TO?:^GB;C+4# 97_8A03-RDQ1E'63PCQ3#%,XDR-3-_Q!P6-(OTD8ACYT!C#GC&E;!HXF5>4"B/;E5(#&(Q+0$QB*Z]P\T"I5P( MA@.AX$$F6"";-WEP( O^/Q0%ZD>6MAC09).1(J :/[^G*7T)DD>:K=L.\[[G M,,=RVWA.#M@VP-I[W@SVB$,/+NPEY!DI81./,S 5FB#FPS@! M>OF<*1//<9F2M(BC.-D6\3-]H.$V$Y[\JU=PW=-()H6O-UNY3! DD4%*+R3: MB O*\UW[ #UUTAU Q!90L8>9]6HL##NA6BQ]#QOR#:7[H\IE40W MLV+,RC+XWP\R^MOL?M >T^!^4(;M9#]L2NQ@3\059B2H49O,AM!?LH$-@5P' M_QNB;E=M<$-HCVEP0RC#=KXA%G5C\ EN"/TE&]@0R'5PWARC#7>M#8 : ]]< M0QV6JQAP+:20?2YLSAI9]2D\WM]34@)Q3,F,T-QQ/I'H,/HC+590'ZHJY3-? M+C.Z# IZP3I+*6J\B\CW_>1K-U] X[Q_B^\X^N5V>=,/#8SWN MAM"PWN*2YCG?'36R)&I@Z\U5<9TLU($4/Q(Z]H3**^CTH.ZA[><% M2=@SLJE;@]-]:_"4HK19LS-"B+&QT[*6YZ3 1"H-SD_H. F5M<55-5YEU1S4 MK,JJ"-RSRJJ(I4&5U1I=3*BLD_$/&^+H8945M1QCV]$$";U=7"0LI\GN!YK( MQ& 1*M::L:+R/*HY3<^X3N*U^A#0;U1C=#8(!Q @ %,)0H$<*@R_B9@VO2>A-;2[P@?Z M0HX:R\6ED:LNDQ=5Y=6R5UO'YL;H2['Z5L2UGA-]+95E\&'#P[4ZDS$1_4IZZYQ MJO:2:3^5&-RSIVJ9#99 =>W4.:2YBENGA9".F4[6T^]NI+D5ENC)USP$F21GR-@ M+)\STPOF]MBH6GUUB:63WY$;NQ['U4ZM 6*V'@;;,7M)$5E+>^!TC=D@*5QS M::/VZD42Y'F\B$.Q>7JRL17?0G-T[^CV>PQ*\$3 )X<(^,R-5J4Z0Y)R,IS7 MF]*H_)YY[G.3U#C ?SZ3&M5IK\:#_M,:H4\[5RM"&C]#4X\^.[+O4:S_J&5( M9UZA%M@H7X^1.2!N9>H+/K*'/B-/E"O(%-JAL1?^,Q7Z\D5&H[@@T)YB1D0U M=3^NG#X.8CHDG4(8O$BY25B^S>@C?2W..>Q?.K:._@!&@^+; -G>9EU!X[+* M\/]F,3?E_LS_WL)-VQX_\C-@2 2*GKISZ*_58%SY\ ),@:'KGG#[TFE:_-SS MOE%V;H'C-].C!2%S^1Y&9HL0+S7<1KW""6W(/F8;W(^#-)W"=LR14L6R+)F M!/GY4736FZBDP,B'D5)!M\'+[:)LU$=E!,AUGF]I]-.&I?ON#6WQ6D8&--K\ M106PWU8P*AB::X]BAQYFV\2 B[["L@H@(Q)1 IB27P]A# >>A6R]YO,OX\]B M21)NO\$G<>2!,2<:B=;-96" LI$H_=?\U])K1NN\&.P\H[^VHP]66*S.AM&:=\IZVEQQ&NY8,X%?&>C%NOA]M- M;EAO^VN8L9@N@"J8YD4UT,PW<40(I S)HT- M4F%,;.)U+53)FR>:TD5X7(P%0:R7E?, M5_9E6[6L2:5>JBP.JD36%)(NJ]#YCRR[IU5.P>VBX0WKX&3U%T=FI'0#<)U[ MTHW)F"P3(_,;(V?VT(]S21I7+L.SM)PGHL!G+1DAJL1U;8\5%))PI(0OLU;N M@JS8==I90R^@[:>N@5UMKFX,,)O*Y'P0M[H5>"+A0T]$6=Y.84+6;+=!UF'Z M]/,1 +1O>0.Y76Q;W-,@BI/=)84.4G$*-\ ?@SC[+YFV\XBCM;@C HQ,HB/VSA @XCCXP6]4@]?3;K1;O%%XDU*Q$D3=!(Y96^P)^)8^!7':<#B+G)D.4WG$M=%X*";] M47ALO'JJ\&@;\V$YH=P8J^.F]6IM.GXM QMAR.-E:HW<'D[W%.(,:%0UNVT- M4U%[&'E4M ]J>\=74$D%5C&TQ!+3#E"6Z9%K0O+M-AW8"Y]I<;M BC7MP6U( M,V4D]%GZF69/3%?EQ!S%TYJV!=FMC.WT1)8^DZM**N02C@R9E&)/=ELO 5YN MUQOPI:?1P_8ICZ/=[6+!F78>MI2C'S4&)F12%Y;]$ 1QD2AN6VJ,2(F2\/F6 M2!&)%>%H:8=+VI\T+EP2,WGRLHK#%8$4@L4VC?)]$4 Q#.04_/3EPY?D,:-! MOLUV_,0D 915VB;":;X(GEDFS/.$J\:)N-CBYVNPY-LH+\C%BHOCG))\N]DD M,M[ MNI81M?-ML6)9_ \:[9^17H(/'4K(^ &1B@<>L"NIB\<0HY&XI >F=+B(46_< MP)4(PLU!B2+9X]A\T*-#SP!S,_,KY/H*KQD VI&VVGF;I_$N^F)/ 8:[6.N@ MBNC#7>J9G7#USCHC(2E>LV MJI6?K5UGZNP=-HKB/D^4]C+ME7DU$&4V9B@CYXT:2 >5TMJ2%B; MYI+TLG& M&#I/HG9'[P6\:5GH2?KM08G _S'BPJ> Z)C&C#P%"<3K3ZFV2/?-\*2.^GD4 MQ;!3@^0NB#E2%\$F+H*D]R9%Z1ULU]"^L6UODSUP M#/.).5\/U>L*@1G*&H MZ);=&E&/O2S6^1R2K4[&*8FYX[JYKU!W], F9V;A7#+0"^I_/<'O%BA7-H)6Z M^*E,#_1FXZKS&QM#8!^>&N)BZZ656^;Y,]>/(/ZF M2F>[2@NA19SO#AN,W"[$+[N>A)3+&SJ8G-UAA=97-^I'8I:$74J U@[ MLEQ%SY40^;:X\GRIH$MY+7X>%R37D;$VOX<>C=T%_-M^QV2:-<>Q'J?SVV"] M^<,] 8CXJOKC,#;23Z:[:GYSBAY2KEJY@@T2;B2OWF7Q9+ED!H7W1 M8Q:DN4Q:Z^9AG?KW$@>R1( PO\/K S.VR*Y'Y#9&7!,FCE0C;U M]-/]](L]FA[VB!;7,32Q79?4X#(H#CE:4#FT0P5I?PA=0J,YF*,Z WN@).10 M,?;'6+QQ1M@A5$_E/EI7GZF1QB<[SU/Q#]P1/0>)N%HL+H(LVW&A*^IP*?&[ M\BA&-L0@-/O%9C2VBA.64U^ 3I[4I*IC_V_WR6O@O'5Q6GD[F[I.)/PYU*&J M?J8O_795ZP,8Y?-@(-L+QX&-M*I&HHM3&^=<*WR!ZAG2^2-21:'^(I2[Y?P1 MYSG+=G)B4,*2/ CKZL:#TMC.%FR8>+YO=6\AN!/<:=LL@SJ5B)#?X2&,W?5V M@_)W[=N-DYD;8)-SQG2A%]&_"4N79U#AE"2J\W-V+ZS ?[U7Q*H$=KM5?PQ" M*.*3[;A. _K,!H[/WN0JA3>0&[%G9-O[K@8M0M%KX'YSKU0HS1#DT^&PO&*Q MG(9?+MGSNXC&P%W?P@=@JF\;3,6_^NN<0XT \L64[4#Q5X0U\,G#7R*ZTPQX4,,J@T1DA8AD. MX%>1"C*RP5?.\R#O, 3Y7+=Z>VELYHRE_&,HRQ^)K;V3_Q_JC(H=!MWF30^< M"Y=&\U _P&@F#_D=^;G\UW=_4_1B,5,K,-(Q]K&J&7J^S:&V:'M1=I5',2J$\K ).\]MMD1?< M>.7T[5:)!E\97R#E9&A'M5)$8[\9R05XPO;PR9LX+;_VIDX,T[V]FLH ,4<> MMC>1MNPI;/S\(.8@[9U0-N,T@U9^Y0=B_^8Q.^J(R19!Q&% M;@?\-='M(!3HR%C@3<9"2B-1Z!(.8NB(X'R6HR3)(\?Z&>Y280I'4RQ[8,%% MS1N6D0QPH]%;*.N6\OT(?7GWS7CY PO^_( YW$7F-XQON'D:?:RVX#T-:?P,"4?GN_WG1XYA3^ZRB2''^1)1 MH.T'UU00"8#TF(R_"#6:I\@>]HP$"SX4F2<)>X'2L(2;L40*Y+(CZ2.X.?WX>+H9AZE3TW4@ M97./]N8>]SV*#HD\'=+AT>PU6[B7G$R'1KY#B.XRN@GBZ)(N*-=YHC*7BTL% M$5@Q%ZW>E(.)= 8S%E:D M1?@)$*=F9"C0S3X="8?M07 24^=EFZ$*2=SF$4?^7?'&U[I681- MVCFF]#**I6@B8#MW"@=IBS3(I=#E@'36(UA3IXO+F MM[_Y]JNOWO^!#R#?$G]_^,-;#TYC969DJ(5P<@I+&=#M1^Y];L0)?#">L_.W ME-+>O,?]U&3*)!IY\C[0-&99F4K#]?(U^/&Z#UV%QS'G;<^PMAE"@JZ3B0 X M >CX,];H9$:'>,3M^?;BPE%./2^G+G,Z.*X>SD\5OF*Z]'7K#6EOCR9;F/-O M%N>[AR!I3R<<,P32\Z$#ROJ9W&R=MT=F1BITX%KY:4< ([_9'J@%&NIWKT3U MD9#%>Y*YN01)?;#$((A7QI._"U7L0<_4H G(2=*&&":%5O97ZC>NO- MB,2%U,@0B0V9UB3QMD4@>NG N5$&FVWJF49RIANI_P50VC8K($:'R_RXGH<' M&:BWU1B>]%.0BS_0).**28X3B9UO&Y6&)U"\"4+ Y(RC,O10K2!4)TEV+ :SP-,(,[AG5>@<(Z8&I8!,)G)30 MG9O$*O1EFD0SHC=Q[IQ7K6BCO\3%BHN8'SB_WG')D7)!O(HWW28S<@B\+J4, MRC9[U>B0/3ZR.@=8GX 2:>"$-[BM3]MHI3N9[NYN2!O8)S* WKTDD='*);;F8FU=.(FA=B+'N]H\^<13E$8QIDO%(!Y M$(P-46'D>=ZJ@@C%^1QT9A A-,V#KB0+Q.N85REF$#$PBQ8RO=#@JRL!XO7_\4@;5_ S MNF&9."-+JU2$)88RO5I&/HB>RBIVT3MYDBFMF1-%OK%\-WSGBFXB/8I]W^,C%/VV89TI_DT. M_AG $P'?K6=1FBQI1NBRJ-FV.?11<_#=M81H"?!-8=T[>:8%F(Y MOQ81*O.GC&TWUVF8;*%V0*O6V=W8_O0:8_R8^"L4/&Q'/0%*P)!I'V0Q) N\ M!,LJ9^!)MCI'Y4\XGKS>EC6"I*^[)@/\S*RLDP,S[V.0EW*5\X.*WF7@QN^Q/%1>P=;,Z!G: M6?6,'AQ0=32,S@EQRR41@.L:0(%('(CJI&Q5S5!A(H:AHN/B2GQO1W&R+>)G M*M(4Q/%^]0K;GT:R-^QZLRW*YNY70085-_,[FHG[)7D;U['1C(Z-+;=D @=7 M6]<(LI@][HE*B,.@B2G9HTHJ7.4];P-;.#,)K0[,=E"[CJ56H]S0I1 MU[_"B002J9;BO#,21'_;YO 0E-B*2F*$01)NDS(5VW/Y7BQW,D.+XUB_$,LA M"LP^LGD4Q; &07(7Q-%U6L:+"H2?CB-5[NG?MW$>%_PDRY[CD,KLD'L9VP,/ M]/5(=046JY581L]Z(C(4DVX+O2I+'OD1JZ[6G/E:2+=;%]Q^(HC[=B&[D$"; MVM/>) --F9"C(#>6)C3[^Z1$![30P[8T$A'?S9RPJ\,,D=QY$4"."134!QV)@>S< #) 0(^J\(K\ _3)Z*#\_2>+F.P--+B<[!N"W#N>PQ]FAX. MY^@PW0,E -734=I!2:9*GDDIL /.#,VW[2BTKIP7 JP(_ZGRMQC(,",9X1MX0&7/L%/YJ\++P288W=K\(G@5G$ M3D\$>F4W03Z2$ <(V':C MXSWQL'&W5/95"Y([EHO[4?5[Q\%7QU\V=H)P>L-88T$J-"9TOSB\"NV7BHJD MG42@VDGHC="?],+4^L='39OYT^4#TAX ZP92!N3LBE,9(]1MI\7Y M(CSS-3I5J Y'B !&T-B5[RA1#$>46^-V?R ]I- CP [$LT5U"J>>\]G%L[BUJW26AV#Y *1Z=-J/HBVB(< N"*K88QAB?L9"7O/7VF:6=:!GX@^Y*V!.A(PD)8';21L%U) 3TKZ]*T MQ&SJ4O28#W'2LW49O/E2+X)\]3%A+[FZ#[7SE?&^TY.AW69E<.A$@)^0K[2; MVNT^T@$23E9:7+"\R&\7GQB+\@>6=,6/&QC1OOPXANQ(D !840W=@3 9/T7K M4N48Q:F+ETY^Q@7D:W=,BS@Z-JK[D<<0(AOP%/9!\.0YZ4#+A03 SX^_D MC%.ZA/KT&&="5J,T":^!"LOUN ^4J3H=QYW.AK2]#2>S^:QL.0.SL^&S4YB? M!Y>=\I:;U$:3]WBU@3A@Y@\\/2KR^V141W'=C5@[OU;]$'%/(K('*.;XQ Y7 M--HF%(H+-8R0O-\*R8]F#MA^9:OYR-]+<[Y)'[I MD@'^,,%*%?<8VR\N5O9.DS.9D7HNI*,?=!GJ2@!%(G#TY%SSR#YL0CSA50ZI MX'V^TZ),2\: '^!FI*0E)-V>"R(;U4>Z@Z>5[Q;A3I;3HW=_"%E@A-;L+4.C MF?#JJT/ULHM\)(J96ITN'S:6Y,Z%5T:Y:7=)Y;_7Z2VT0?C,Z28;9,SSG!8] MTD?G;;SX4('BRG^AB [&BV%^IH=.PT=$[0[1%2-0F)(].:?%8VPD.2#1DX0%XZ./40"(/TZ.3JIV7E& M^'8>W&;+("U/J LN*UD21[*C6!K=<;+3M.I-4F=]U[Z4AF#E3S_$RS1>Q&' M-579C0QNW_AX83Q\E^ +#6S)1&= MQLS(?FJDFIM_O=0;S[&I,)+;HT9<.PT=!.T/(;?IX6"N7"Z'4#&>E;%X8UKZ ML8+O20'8C^>D8^&9&E4BGB;D;/?G..N]C+WI M5@+B+(A*"1M4))7I>8Z)6RRQ$-(O.,"CRMKVE "IQW%L''E5MV)>)#NQP=Y_ M76XO^.:OE_%S'-$TRF_3O:9\GX7A7:;VCN9F4QK;O_2OA$ZYZQ7MC M)^::686#SLZQ-*F(A=MUI:TH3^Z>;J22DY-BQ=5&T>X0%,Q(8=9?.MU,>HS& M4(1V*\4^TP*RU.XR!CA&Y[N?]2 MD;.X$#F+HG#MHD*%!#4N?HHRCU@<9H[BCCD;E-E[&M+X&73&>YJ ,+\+>GN0 MJ[R#Y=>^L5TI8;U(H-J0FYT5VFC9HS C)1)$:5JV=IP2)S$4(1T[!^$"^B8. MGKBP ESV=]%=;KS!%[ .M\Z!K;O&1$A!PM+E&>?0-4GV2/CQ6@V3F.G3;4+G M\R"3:;YMX\QVQWXW+$A)P51U?1]'6C\'HNCHEAT;^P,,F;R#SV]]\^]6';_Y MJ,)$+>T\929C6.JZW6N-_;][S((T!_N(I3UWU IO('=8S\BV-U=33]V1!G"? M]],_C,9W25&KV'>"F0OZ2(.XRXM5OU%--\- ;#/?!(#$DEXGEA-F1!5N\>+8!-S MM68XOUQS '/9$!V K'MH5_POKN/!#8((I!?:7D/[\^.>1:Q$?\Z $GD]%!E1 ML:B,VU#^K"8S=I)7RPAK"=F;RD96WRVX%J WH3+KTR_>5ZEF/($2UC8KL Q: MFM.R+5OR/ ;DH,(;^*2BKI$=UFCL0@%9E=+92Q0>STRS,=71F M[34F\LC2OM-F.3:6MH[UY>U3SA4MCL;5,_]?;TY@[[-8K;EM3.LEP&N@1$ E M/TNXGHH3]9*5:='*4U'YBX3;N;<+H:+UN-<'GQ];3OYX7.N&/L"#&$)9W]"C M/WV8M&VUX_OIY:O87.4(NZ.9J"U\U(9<*;=CY&BCB[YI0;5^WI5H :=6B$'E M35F,>D9D%TKP497H3:]N&VX56VNOC5@:7SOBU/;5W 2J XSF^R% +EF]B0N1 MR$R/L957II67]_G';3"YG5Y= MO7S!LC"-PX2DZ+>7*7GY7__YO__7/_Y/$'Q&*:)AAN(7]YL7=\L\C1']2%;H MQ7]?W'QY$;QX_?.OK]_-OK[XXV[ZXNWK-Q^"U^^#-S\&P7_^(\'I/W\5_]R' M#+W@0J2L^/.WE\LL6__ZZM7W[]]_>+RGR0^$+EZ]??WZW:M=Z9?;XN+7.-M7 M."[\_E7YX[[HLZ:_ORO*OOGPX<.KXM=]48:K"O)&W[SZ[Z]?;J,E6H4!3@4B MD9"%X5]9\>47$H59 6-M%UY(2XB_@EVQ0'P5O'D;O'OSPR.+7W+47[PHH:,D M03=H_D+\_\?-U9-G"M$2M)GG-,593M$/$5F]$O"_?O?NS2M1XQ4ODJ$52K,@ M)1D*W@5K2M:(9IM@G83\6_ZV _2O'*]%&=[)XIE+BN:_O619L@EVK0FQ_J-1 M8]EFS<<2PZMU@EZ^.NK9FB+&RQ50?N%?;,L+L7OI92D8>LP0'\U;S'>R)21Z M@H40A^W&'D/1#POR\"I&6,CQB_@@@/HE>/UF^P;_@W_U]V6:X6S#ITF(T]U# MD_ >);^]E/UY91L,H.Q%'LY8N>#OLYB&[+R9FSH)%&*Z+P?4*)1G; M?1.4:]H>R>W7?W_$+$H(XX/RCH^C"_Z0?TJZHE%CY-T(WMKKR&P[[6=BUD_2 M^'(WYRODE?2L21/]=W0_"?C"B:[XQ].97%_0HM!WX7V"Z@1^4D@E[/$^,J'1 M"T*YEI0]L2K]8A%;M1M,1)O*L]IV2EOZ81\P1W!DG&=$7WI!1O H"6-UJ#N MT.EGT*CV95*G38R]\S7#GP#4%C $;\8* 72]=V4P0/0H8F)7/P#VCU>59DMG MMMK;(.;"$3ZDTQS%@>A \=#]&P6::;7M6+#0@#)YX\P;9\.P:ASIADWCC(NU M)BQ,/E.2K]E5&B6Y\#Y^/%H(KO?K -Q@,]6L-^*\$>>-.&_$>2/.&W'>B!NB M$6=VI[=BV,4DRHL/142J&.@!3N>$KHK'PBT[8$/]FG9:0G5HVTVX$+$0Y%,2 M+BJLJ,K?.[?NICD5$^(3'YAA\O]02"_3^".'KD+ NJ*=R_IQ^R9+"6:(8A)_ MXM]5V:2U97N65N %D_59R=XDO3K,"IGR#RUN0^8JW1]2M#=9RU$HGV#*<5B>TO*AERM$%QP0 MKA!^SY;\!:_#5#YFE:5[DO@33A"=\K5F0:AJ>)!5R5?[NCL_NK-TO M(.7L')PP.D# M6]'AT>EYQ:V!S@Z3FH04:K%8$C>N@&)8C\!0_'.#2A@_APP M*C^Z@4JML@L&Y+U+@$#,/3 R/[F$#,"" P/SLTO *$P=,""_N 0(W-D#QN># M&_C(G8MPE"PJ0P%%Q1)4%AKC@N#BBURH"J5;"ZQ%)&4EP M+$XJ!_=A(D[N!FR)4,:"J%2K@G7Q]H(\#?,8BW(E'$N48?YN- MN.">IMV-B[<]6_-(#YJ%])H6S*+XSS#)$5_%"M7H1/P&-:UVJU3O)GFV)!3_ M&\7UW9'5&$ WKAC+X5UX6GH XLO#L#I5/!%;3^CK^9Z"/",,%ZJ&^H" 3E7/ M,!\&613RJJS3S'TDK_^!<7XQ/$^D;G;60ENE8*NY\^E$B-/)FO%BS#5G(&D T<+Z?5\]YRO:'6/Z*G0P.(&A/I] M^ID\()JNBB!\F&2;.YJS["J-Y))!ZQ@0K^PWH6PRG^,$BZ7H+YPM[Y;H]S!! M7+'+4D39$J_ETC9LPK$L$Q(1;U&*";U%$=\TXCM$5U](F,JQ!!0W(A3%B%U, M\U6>\/WI 4T)?XWTJ6)BJ"1MUH8!\?G(^B)V0LKDXLG*].^ FD01 MR?G@*H:=>)ULDL;;P9Q!?KNMPWML3H'_"GRV*ER@XIZF-+/@3C MD_SX)#\^-M7)C#'E62#Z#IBQ8V?44B ZNZ$KR"F47M)C-DRJZU='[X] M@MJ/ 2> 5NS0"O3DLPSQD[$ZN["D\F-V/SE M?(2JWTTP8-!W]7,K"YP+]28B:3SA2UG-NU$6](01-Y@6CG3#)F&D&#CE%*9A M+'2$ZVR)Z&'(:-RSTZHM3QCPA %/&/"$ 4\8\(2!#MUQYQ?T]LY?R\Y?N9DX M=F]O1[[R6LMM[#[B3G!3> 5>--M>P=TU[U[1W37O7M'=->]>T=TU[U[03HZTC7O+ MT?.G)?J@9GL?ZD@68$T?JFF3RIY#]:< [Z7C'QN[56O;L>!A1)BE7%K_V(Y5.; M^M2F/K5I/Y&V<601'6 0Q9%NV(P%52_'&B<0]!NPG>W2I^@<0-SGF97O@U7# M]E_X8)4/5OE@E6[2LN=&):DQ[%SHM4\WZ9,F^J2)MO'R21-]TD2?-'&@0/FD MB4^TP+.G ?23-'&@8\1B K>!'U=4ZSJ2D-78YXO2<%)$#\<^#=3]E@=TP?WV MV0I'8N)HDH2:^N#MD8%^/B',%( FFV")$G&AZVH=IIN=K$!>D$Z3%BA"^N)Y MMM")6-T=R)PN21CD5&_*$,:1UQA'< MA(^SVHRS=B-LY8(C?%^;TZ5)NJ>9:,H'F'V ^10.'V ^=BVZ&V VLGX0$SJ5 M*TC6>R#:K]5C]\Z9&G7Z5I0KR/F<:M[59^ \H*;Y8<_9]TN 4UX(!5GXB/:O M$>C6JZYLP8&G$L2[ZGISU;GG#?-.HJ$YB<0TOPL?X8<@(%6\$\B3[;TOQ/M" MO"]D[+;5:,U+;UO5V%;07=R>+?4A8((SNB2)2!D4H(+YH6E2*=NP8%D!Y/$& MUED:6!(19Q0_\.:3S3>T(%E!EKVC8L9GG@NSG9(%2>-UG7IA"H+6\K4858CTC* MMQ7E7%:6M9%:/!%;C3C$L3G:;Q0+,Z#&8+I1DRH=4,=&5_BA>L=\&>MPNV#ZN2-#7< M7 $9MJ4_.R.FU(E=P0:B/9-&.JHK" %N@>C+->1*U*7G50]HH;O"%^P978#- MY\JXK5\*P,X(5R ![A\-0PJN3$F-,'.]V\&5H:.MEM4X[<&XC#:/B3E:AL]N M,1+M4Y.6T= )98^C\>9UP/)[AOZ5BZ_0@YC_FA0-51,6&!KUXGB"QHE8'1(T MT'0TA\H"CC%##'$%_!7=/F _Q("]OXW:Q_1DPNXWXDNQ#RMCU\JRUD6O M64EK2@]"?.7,K"UOO0NUV6YJR_N KP_XGL+A [['SHTS"/CZV]B;SJ>:+8YH M;R;.(%/O+8.H!\[XE1L/E/..79FSQEW!S-1B7>=I#S/UB3!$<8L?T'>.!"M\5^XQC-I/-AC=["&D>O MJO%+.XX[F&C/6D2"2S7;RE+CP*ZOT'\GN%IP)!8E*?\8E6Z40LA-^6^=\ZEI M,_UW^$20FE=64WJDXML,E_BHPU@U*W-+M??'RORQP D[=B7=^V)]_B-OKAXC M4:=H/'>4U:J1KD #Z"\QI8G:8R*^#6+,(B+$SE$]7R]S=P?\1L35B8?*8D7[.K5)Q=XLO)QR/! MK_=RE[GH]AO519B$?,6Y72*43=)X$L=8% N3@T>RGLMA3Q)O$;K'0RL>7S?F MJ@N-0EB8/V-PO;6]C>PCY&0K*_D0%I7?:LSW?! MFHI-)-L$ZZ3PXZ9QD=UW791I9()JM6G!#FT@GS=&[1NC6J\-9)$V& B]AORV MPLV$;'Q%N=Q)5JZ^]35RT3 M&WU%V9+$1W?\UFFOT&K>%O.VF+?%[&L/AI8G;X9Y,\R;8=X,\V98O1FFIR+9 M,\(J;\%L9H!!FK)@?,'%\H:7?<,+\K9 1A?\M=OA93Y+%A\R'$W2^*-(%X]B MD.;:LC6;W7^>7E>SQ] &O WJ;5!O@]I7G0RLUM[^]/:GMS^]_>GM3QT": O5 MT)6!HP.7GEYISW!_$_!'\:X73PK(/, IWY[P*LC3,(\Q?[-!1%)&$AR+ZX&" M^2ZY[&'K94&,LA G+,AX[_(PT33XNQ3!QG43G7?'.QC,.Q@JE71&LR,%G?]U MJISSKRI<= @]O\!SYVP 5^A'^*/UO=+3*).UXD68:LZ 6^CH7JKK^>XY\BM' M ,4-"/7[]#-Y0#05.-R@,!'7L^4LNTHCN630.@;$.[RD8GMGLYQ&RY#OIQ]S M*O(&\"6,Q%4R@BHVRZ^D%)50-MF%&.._<+:\6Z+?PP2)F^]2ONLN\5H.;,,F M# @O4HY6Y6C_6*[X=T\7_&.9]6H:$/46I9C0XL))KN ANA(95^68 HH;$8IB MQ"ZF^2I/0G$AYI3P=TDSS+6KV4YYK+B2[JFDS=HP(#X?85_$YDV97#Q9&6L) M_?P50]7;V62QH%SUR/CX8;*$6_R@K:%GG(8%X3B?X?/;RU5 M=D)5T4+>23$A#F/^Z![7YSE"075L#JMON0#S>BZ4ELO"KMD2BA5]452QV96G M&\)'_(!COCC?"/D0C80-N9 %.B!5_45=/C9V;BDS-359ZP$;'Y_H?ER8\AX0 M?2?+V+$SJEJ?Y55&"N66--<>74%''C SZ_,;>YS(Z!JF[_X;.WSP^&R=+>H* M$NIER8 K"PS4P.\Y @ %=O*[@LD9,SUJ-.GV$0 P0*._',O?0=?I'73@F,G8 M5R7(E%3'/<8^YR (=*3P_3A,1,9 R!L<5[=YS+V[!7AP(+5QP'>WT@X6I@8Q MRNY6X\&BI!5LZVYM'BX^&@$\>X37'P.6WW/LN<(FV)?B.Q;0_5MMR65MV+H% MFFHK23T#]42L[HZX3FZ>7U)]3!:J^MT$3:WJ?Z,:XH17H<)-U]WLE2) MW:(YH]WB1C))XPEOOF9&* MZ#IU-("@JM)\5X4I!&3%]X/KZ"NSI?/E# @K:LH.B#1OR$9V?%Y0;O,+=#*)>D+L/90.KC? M3@K)T"E5'U+%4]$\%44Q6UZ%^AN%8 M'4\/&)[W3L*CX=X#(_63,TB9<;7;B_B_#Q*NYP89.;J2H%V47Z-%"Y%];>E\ M-/]$K.ZB^3ZZ[612&I_59901Z=T@+>\K/R+T;23=E%<84'AVW)E#?"#0!P)] M(' HT/A H \$^D#@*$=;1^<+!XZ>/_7+[7F!Y=?3MO,%:[=KP2/<4$;O%S;O%ZXTV]V_9^!K^(A7^:K:.RK[O2?1 M<*H6K>KW?D2["=.%[*J%9[_U*)(4JXI?^Q'+WV/1VST6\@1CY1PN?V=\$YM1 M'%7&BC2;,!H_DC[[ %F94^.*L1S%?ZQ)>A!'JS.0!HUV[?/MY L*&7\25PQP MF!1_"*._2FQIX6Y$ND$I^AXFM=(>OT]99,DN<&+9<8N^.29XX*1H,2RLE.&GV'V M'/L^14\A8+$^Q ^RMG_,4I_N(4VWCY MBU-ZHKWXBU/\Q2G^XA1/(1S^Q2D#'2,6+W$8>&(9M:XC82N,?;XH#2<%<63L MTT#=;SF7I[LT#$,9[)Y@[&\L:0)2&^?O&3*._8TEM3/.*"^INX5[9.#!&&I@ MN,:?3Z=-]!T,DSO)=)I=DE,#S\^CAZ<7-A(8SU_W'](;L3L;I+OC9="J<#3I*/A.L0OY,DQNF"?Q#C9\''"%30^?+CFTDNYH)IKR M!%1/0'6;@&IDEA 3NYXK2-9'*-NO2&./WIL:=?J6@BO(^=MQ/!6@>?BV0SW\ MC)@#VA;L&=$%&GE)[/E7?PEPD4$MR,)'_M[:>5)AC5GPF>H(YKVCO7E'A^C? M,V/&?]RN87?AXX0QE#'Y!>9516WZ>)[)(_;"TM-%Y73=F2X%3_PJ5?KE=9L)4M"H M&I?KQCM'O7/4MK-EM/XF[VR1.EM:+ZYGY$QIH3V?D5M%7^L[H\,7<(W^C Y5 MZ-C79W1XHKTQ:\]9^2%@PGNZ)(FX3B9 A4N_I<]2JTT+KLL&\GD/9F\>S.)& MZF+*H'@_8XH8R(5@5$_):HU25GQ;Y<;4J'ZNQ,H9Q0_\&I$NV S1 M8G0H/1M&VK;I0VO9@8M-=0.JNX2[?^)08)3>WZ);S0(W^9 62)EO5EK.0LR! M:PID@U!Y"GI=FRJWMKPMHK08_R05"[UJ["C+6@F%T&)W"I/MF"C8"9,LH_@^ M+XX/WY'#=CL+-\61?DJ%;T)\E*=E;MNPW?NN#[>E'>V)BO414&,PW:BYOQM0 MQT97&!\Y4:;*W0XJ:S%V=#+W5=LMJ(Z/W;D7NRM&[ U:;S/QS"A9T' UR;.E M2,Z*XE+W?"/M!:BVW?!OE8@W2"PO7&,\R'HHTZ3/D 8'!,.3C$N59^+@%8?: MK8(QVJ!713U8I\850_2Q91];5EXZWX/-39J:M:Z #-.TGM'DE1:<*]A C!K2 MR'1P!:%Z[D-OCC-7Z"0]KWI ?Y(K)Z-Z1A=@BKLR;NN7 K"/R!5(@/M'PVB4 M*U-2@S]7[PUR9>AHJV4U(8WNN$Y#&2SF^*8^S[=[?--.0MYGR$$U']GR&9U5R4! S>^/.#MV4@VN,!OWD=L/R>H7_EXBOT M4&P\[6C .DU:8 'KB^=)P"=B=9C& 'T7<2XY%[6R@*,T7D/ IK]% D_T#44C+!2T$/@CVF189B:C8 M 23]!=2T>UL]B1"*66F<)0F*2MNL$/L@KJ1SP-IV67;'HZB&E28OZFE0#M*@ M]EOYI=C)E70_95GKHM>LN36E!R&^AL>JX@5[<* M$NWUQAEDZH,=D!W$F;!@XX%RWM0#8U&DQ&>),AR% MR;[G]5$',\_I-Q1A4F8?GS ?GS#C(ZD,">XRFHN%CA=8$Q8FU_/*HA=H3N@A MK9#$LV+X*4'ZBSW$2BGVZ^#DGF4TC-1Y=Z6EO!O&1P,?*ZH)WCP4-_08@!MO-FP[A*?4EXY4+*,>%?W6FZW? M'0+$92J354O>K X<=6U9=2-52L3*<QZ_IF0F-V2@].E.12G+8X$B/WUY95V1_L&1P+#C3B0)A$FHG/<3N66.KO8: T$A9;4[\/[!_=H,RQ,%.C*(8&K M:7,VC4 ?CAYK"+(/GY8/99]/*!MJ$I/&1J,#)%8SK1["6G](56)KM1 U=\:X=*G/8\'7 M$0)#J9]1DV1A,AH@VY.)P$C"TVN.E%>OS40"0_?S2%0\)68=QWA(.KG3QCJAFPJD@O'3C\C_]"PZ^(XB_VD M%/>EWSM@PO'-@FB;/&-=9(0_9%_8B:V9BD*S=8L)*!I)ZH^FG8C5W=&TG7W* M[?V/^ '''/>CQ"_5R8OU*]K+3;W5D=19F-6%+0B_CY+-0AQ?I=-PC0^WO8AK M%&0= 5>TT*EBT98)7O)(+!*:2@EJLH)4%[(E;,V@/BYC$]EIR)82&8]_LB#8 M85JH+@:7%;- ^]TJ>L*!>H;O';_W9/XTM1##U;)5F<*Q:+VS2C+6A+]6!L"R:^L8..V'K3F9M\V MU,RG]!'(ZA&E4=/*)41K1+/-+ E3X6X0F\1:*$5\B9+VI[Z*C-A:<3/I:D=,G45W#E, MUVB:^--QYW,ZSB=Z'31=?(BL*E60P14D)'TDJM" *_.AON^M5'Q7#MK(86H: M?W;E_$W] -*VY[OCH0\-&D"(PBDF>3TBRD!Q!USP@0X,N,_(%9)W/2:@8&1W M=.VAP:$?*NF.BSU(;'1#+1T2K8>&#R#@T2%C>FAH-&2BN,6+AF[-S=GAPQXF MVIQZMVUB54.N;,]ZF.@>3G%G/NF@ MI$M^<6K'UH.JGB?1W<8]>'!T2=;VC\P^O:N<5^,2+%'*\ ,*<.&U+[(/MSX\ MV_@Y%H_1MI39'Z@]$6LP][A/CU]E&9NJN6%-4FJ=K>KJFIVL.@JXYP.Q9(-VF@[$Q M_(R*O6D]W3F*!I47#PS'=:X7TMKIY6UV2_&I/ M'+Y.#^RVJW0RG^,$\[=V(HQ6'0/B'5(BBTLHKN=3L?0D&W'10E42*%"=AB:C M1$*Q1O%G\.449SM@(F,P7Q5C7#!MCPH6G=$'(W@ M+U%,ROAB\P??FZ_2;:[(=#'AX^P!DE:ERT?YC%M/!#LYR_+LK,O3+XY*'J<% M/20++5@#0EPBVLZZ=$]0_>JC[@OK]2*&>%4EG>6\I"ADW0\O_][V_ M?(R68;I -UR+*[/^=P&VMA"V%Y'3'6][OOUXQ],>JJW;' 84I:)D%@KM-HU!H*[39M9.1<4Q1AU>W>545L97'<7=4Q+3'DT-:^&'A%VYW2R[,)JFO5 M_'F^1YQ0_^4]4]<+W@ZL4R?,=)U^G5Y",:BN[1>P+=6QQ@C5;V 0G11N_@-% M7)GF&U@[2#\,N(=-1JJ\B6&-V&WB@-WQO,H$ N!.0QJS^JJ_H:Q*[]!27+3: ML$S0@@M:LU*U:FLP7:^P.IKU&]#0D#NMH0VV:W2 P[_"W&HV!@ -#;G3[<< ML-$!CH$*.[,]',!&;<+!S8'"ROE$Z"1^$-1Z7G]I3GW%0?1K>[CYCMR%CW_A;"E.<_"AQ*6^788477"A"SHCU[%4[HBF MS0T" S[6(FZI4Z1GZT.K6U5&CR/14Y(D*"HCM">)561=U*MM._FUI!=/"]D\ M(7"0I%@!MK9+K=A5A3TU7Y>:+U[^)\&1@O/PI56<(=UW)&R^7B>%(&&RP_ J MG1.Z"B'9P?5J.WVF0#X"_0$"?X# 'R 8Q &"(6;2T(VP.3=.E.ATS\QS9;1U MBM23W'VR@+9CQUSZ M00-=>5?"E]P0ZQVCK(KN+RB&YV!*&#+"TN@]R.P>+* M*@'6K1I1*CK0"9X.R3M$^S['V@ +)9*-PON=JP@. OCQ'1XZG7\$-8PWCI, MFN8$=C6LN@[3JHT?/CC5RZG\J>U@-!M$[VYZ#U'':4M(<5'7:8')\94P3>/& MCCE"S*()HXZX8J<8PJY)>-^59; =A(V.^3N5.-;,$#1+^^L.X!%MT6#><.=; M]" &) 2.ZOT$RML[CWVY(8ZM&8%.Y>$R@ZU9OGQW!N.(%DV=0R:NA';;07%R MJ[*A8]:NT! ZQ;;A:7['C1\SV#9,&M&A[WK?><=\9GO3\3J+O/]X:WV\GZ/,Z[W_&@K:=L/-[8> MCLKPSTEYRB.-CP]ZS+:=$1>A9/RWRUU/3L#KJOG^ ?JT6VZX.)_PH_C$OJ+5 M/:*2+M=7Z+\37T.^EZ:(;HXQ5?8"4,-*UHGJX7&QN>/"5"Q,#6H.J%O<5I!> M3PFK-*#.<'M,MRN\BM640S*YQ)"IW)X;U/0)-_SED%#KQXI*XA-"G$]"")UM MDK18[ES!JSY[A+;BX8J'IN%0 NN=KK .&N($M3)<&4Y]I*H9^$CQJ6KTH@DZ M%I)STT2)3#=>&:<8M2V'6(7E:B^8\(%;"B3ZIZ!((\H*59_K_OK^C8!F7+@RU"1O;T7O3#^8SM68X)I8(=6'/_D:&&O;O-O;2P?R&\ M6/+Y,7E -%R@;[DP@T1*LF+6E$/E.L_$DB^8.)+>:+9BTS$M$?69C!=B!='K M;G4;L.36XS(FK"S)WIEZ/LY4GUUWT"X+*T1>F%G9:FUV;NPHH3*M&9ZA$Z.E MXF/%KQ&1E)$$Q\*%==BZF0AND@.9.D_#/,:\"-QGT;#A?OT1K83TOH;>? UU MR66KG 30.@;$*W.R'N5Q1_''?+46AU33^#:_9SC>7,_G#&63J(*^TZH-"[=? M5QVX>)J6MK+(!9H3BLJ"=^&CQ)PRW'K_\%QN#9D9VF?0P%%Q3J78!B3=KJEE MTTBN$:WFLAC-VK:O$S=Z1[K-MU8O7?V]U)H-#+&3)\L"8I>/7&:N>N(TI)M" ME1-9.WE-KAIP^197:8:XJM$O MY_RE:DT=O:8&WO$GYN -6HO@=KHHE3X3:*C:'\X$47>BS51IU;)M6/3NY]2J M:ZMK>\L?-.6EI6V)S\?,-D/_!4K1'*O%?U;:ZO6OQ^=*A72[(Z?2+JB+V^] MK6JA+F[EYNS#))5(75FF?U'WZ$'I+Z"%E;9ZBSV47LGH_:#Z^XS"6LV[*;-#+?#QD@*[E$4H%J:9Q5X5H%G M%0R"53#0&'DCEZACF94:P$!:ZZS=S3D[UR:U0!!@P;AR5*L=4#"+&HS5P"], M,8M5M?L$C-7 +_!HAE4#7@$8L($G[V\!6#MF@RN)&]O.3FU?.1@X[>2VH]LP M>PS:@E&'Y\L=KZH'C2J 01M#NMRNAVKC$3<68U3#!&L26G?%9&V%Q!&BG1#N M'+;6FB/=&1'"36NO.="*F*0K4,%6RT;D2U<62-W.:^W"(":.*UNS,20-L)N< M.E?4 EA-PK@K3BZSY_[<7@ ;H]#T!*6;JU^',,+8%58.!A:']W\*\-Z]Q#\& MX?[B]NTY_E7A@SHJQ1IF-S+P) NIC(Q)[<\2GHAEX"QA)?N&T>R(>A;N*I.50VOT(_PM]$2Q;F(3%2[B66R5KP(4\T9.&)Y=+_W]7SW MG,K$^]#B!H3Z??J9\ 4]%3C$;O.V M*B]X@5?TY'M_0X69I&HF=B;/=7:?ZVQ,@2?Z=L[8L0-L4I7T.=@NX HZ<@JY M6>-Q[,Y$HS-1WXX<.WSP$PMU.J4K2*B7)0.VNRN1<@!08&^1*YCT3)C,0LPWB&FXQEF8J+L% MJ6.C*_^3;W>W.R*1L: "W8L,Z^)=\!=1C,H;,?(8SA WZ1YPA+BBA4E\PT?N M(BU:^3-,-& M>46[LNP(I+RO3C#5)RGIWPTE]NS2A70:,%RTL"#UEV.&CV\:5 M!P8,GE-S^(#)(VL0:M'V%_&/6"KY-_\?4$L! A0#% @ 3XBN3K&UL4$L! M A0#% @ 3XBN3J"Y/K@*#0 M8D !$ ( !5X( '-T M;'DM,C Q.3 S,S$N>'-D4$L! A0#% @ 3XBN3O(WQ+NT"P P:@ !4 M ( !D(\ '-T;'DM,C Q.3 S,S%?8V%L+GAM;%!+ 0(4 Q0 M ( $^(KDX=22Q[_"H (VZ P 5 " 7>; !S=&QY+3(P M,3DP,S,Q7V1E9BYX;6Q02P$"% ,4 " !/B*Y.83^%L1P[ (%0, %0 M @ &FQ@ 2TR,#$Y,#,S,5]L86(N>&UL4$L! A0#% M @ 3XBN3BMEPL//+ \OX# !4 ( !]0$! '-T;'DM,C Q C.3 S,S%?<')E+GAM;%!+!08 !@ & (H! #W+@$ ! end