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Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenue    
Room rentals and other hotel services $ 13,227 $ 15,903
Operating Expenses    
Hotel and property operations 9,815 9,793
Depreciation and amortization 2,710 2,362
General and administrative 1,193 1,663
Acquisition and terminated transactions   7
Strategic alternatives 144  
Total operating expenses 13,862 13,825
Operating income (loss) (635) 2,078
Net gain (loss) on disposition of assets (9) 39
Equity in earnings of joint venture 80 513
Net loss on derivatives and convertible debt (759) (237)
Other expense, net (28) (29)
Interest expense (1,980) (2,163)
Earnings (loss) before income taxes (3,331) 201
Income tax benefit (expense) 306 (186)
Net earnings (loss) (3,025) 15
Loss attributable to noncontrolling interest 1 1
Net earnings (loss) attributable to controlling interests (3,024) 16
Dividends declared and undeclared on preferred stock (145) (145)
Net loss attributable to common shareholders $ (3,169) $ (129)
Earnings (Loss) per Share    
Total - Basic Earnings (Loss) per Share $ (0.27) $ (0.01)
Total - Diluted Earnings (Loss) per Share $ (0.27) $ (0.01)