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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenue        
Room rentals and other hotel services $ 15,462 $ 15,562 $ 49,975 $ 40,175
Operating Expenses        
Hotel and property operations 10,148 10,269 31,318 27,106
Depreciation and amortization 2,423 1,993 7,126 4,813
General and administrative 1,599 1,702 5,073 4,705
Acquisition and terminated transactions 96 453 186 1,170
Equity transactions       343
Total operating expenses 14,266 14,417 43,703 38,137
Operating income 1,196 1,145 6,272 2,038
Net gain (loss) on disposition of assets 3,716 (46) 5,587 4,803
Equity in earnings (loss) of joint venture (41) 159 251 295
Net gain on derivatives and convertible debt 116 14 719 416
Other expense, net (23) (43) (57) (83)
Interest expense (2,154) (1,405) (6,173) (3,468)
Loss on debt extinguishment       (800)
Impairment (loss) recovery, net (848) 93 (1,598)
Earnings (loss) before income taxes 2,810 (1,024) 6,692 1,603
Income tax expense (132) (15) (315) (50)
Net earnings (loss) 2,678 (1,039) 6,377 1,553
(Earnings) loss attributable to noncontrolling interest (20) 7 (47) (10)
Net earnings (loss) attributable to controlling interests 2,658 (1,032) 6,330 1,543
Dividends declared and in kind dividends deemed on preferred stock (145) (205) (434) (12,079)
Net earnings (loss) attributable to common shareholders $ 2,513 $ (1,237) $ 5,896 $ (10,536)
Earnings (Loss) per Share        
Total - Basic Earnings (Loss) per Share $ 0.21 $ (0.11) $ 0.50 $ (1.21)
Total - Diluted Earnings (Loss) per Share $ 0.21 $ (0.11) $ 0.49 $ (1.21)