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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Rental $ 2,353 $ 3,854 [1] $ 7,358 [1] $ 11,504
Transaction and other fees 17 9 38 32
Total revenues 2,370 3,863 7,396 11,536
Operating expenses        
Depreciation and amortization 476 801 1,551 2,360
Operating and maintenance 638 873 1,986 2,595
Real estate taxes 534 659 1,384 1,954
General and administrative 153 137 828 511
Management fees 145 224 449 660
Total operating expenses 1,946 2,694 6,198 8,080
Other expenses        
Interest expense, net 209 521 615 1,566
Loss on disposal of assets 30 16 96 24
Total other expenses 239 537 711 1,590
Income before income taxes 185 632 487 1,866
Provision for income tax benefit (expense) (2) 133 34 35
Net income 183 765 521 1,901
Less: Noncontrolling interest in subsidiary 217 551 828 1,610
Net income (loss) attributable to Common Shareholders $ (34) $ 214 $ (307) $ 291
Basic income (loss) per Common Share:        
Net income (loss) available to Common Shareholders (usd per share) $ (0.07) $ 0.53 $ (0.71) $ 0.72
Diluted income (loss) per Common Share:        
Net income (loss) available to Common Shareholders (usd per share) $ (0.07) $ 0.07 $ (0.71) $ 0.10
Weighted average number of Common Shares outstanding:        
Basic (shares) 482,394 405,169 431,098 405,169
Diluted (shares) 482,394 2,868,281 431,098 2,808,240
Rental        
Rental revenues $ 2,140 $ 3,250 $ 6,662 $ 9,769
Recoveries 268 609 882 1,859
Bad debt (55) (5) (186) (124)
Total rental $ 2,353 $ 3,854 [1] $ 7,358 [1] $ 11,504
[1] Rental Rental revenues $2,140 $3,250 $6,662 $9,769; Recoveries 268 609 882 1,859; Bad debt (55) (5) (186) (124); Total rental $2,353 $3,854 $7,358 $11,504