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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Room rentals and other hotel services $ 14,666 $ 15,462 $ 46,746 $ 49,975
Operating Expenses        
Hotel and property operations 9,718 10,148 29,266 31,318
Depreciation and amortization 2,405 2,423 7,161 7,126
General and administrative 1,210 1,599 4,445 5,073
Acquisition and terminated transactions 1 96 15 186
Equity transaction and strategic alternatives 1,052   1,886  
Total operating expenses 14,386 14,266 42,773 43,703
Operating income 280 1,196 3,973 6,272
Net gain (loss) on disposition of assets (14) 3,716 9 5,587
Equity (loss) in earnings of joint venture (84) (41) 595 251
Net gain (loss) on derivatives and convertible debt (223) 116 (916) 719
Other expense, net (27) (23) (80) (57)
Interest expense (1,912) (2,154) (6,169) (6,173)
Impairment recovery, net       93
Earnings (loss) before income taxes (1,980) 2,810 (2,588) 6,692
Income tax expense (8) (132) (655) (315)
Net earnings (loss) (1,988) 2,678 (3,243) 6,377
Loss (earnings) attributable to noncontrolling interest 10 (20) 17 (47)
Net earnings (loss) attributable to controlling interests (1,978) 2,658 (3,226) 6,330
Dividends declared and undeclared on preferred stock (145) (145) (434) (434)
Net earnings (loss) attributable to common shareholders $ (2,123) $ 2,513 $ (3,660) $ 5,896
Earnings (Loss) per Share        
Total - Basic Earnings (Loss) per Share $ (0.18) $ 0.21 $ (0.31) $ 0.50
Total - Diluted Earnings (Loss) per Share $ (0.18) $ 0.21 $ (0.31) $ 0.49