XML 15 R4.htm IDEA: XBRL DOCUMENT v3.3.1.900
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Expenses:      
Property operating expenses (including $10, $46 and $51 for the year ended 2015, 2014 and 2013, respectively, from related parties) $ 61 $ 50 $ 87
General and administrative (including $240, $237 and $234 for the year ended 2015, 2014 and 2013, respectively, from related parties) 466 573 734
Net income fee to related party 187 203 695
Advisory fee to related party 704 692 830
Total operating expenses 1,418 1,518 2,346
Net operating loss (1,418) (1,518) (2,346)
Other income (expenses):      
Interest income from related parties 4,376 4,729 7,129
Other income     5,804
Mortgage and loan interest (652) (674) (1,160)
Loan charges   (32) (830)
Total other income 3,724 4,023 10,943
Income before gain on land sales and taxes 2,306 2,505 8,597
Income from continuing operations before tax 2,306 2,505 8,597
Income tax expense (807) (946) (3,063)
Net income from continuing operations 1,499 1,559 5,534
Discontinued operations:      
Net loss from discontinued operations     (24)
Income tax benefit from discontinued operations     8
Net loss from discontinued operations     (16)
Net income $ 1,499 $ 1,559 $ 5,518
Earnings per share - basic      
Net income from continuing operations - basic $ .36 $ 0.37 $ 1.33
Net income applicable to common shares- basic .36 0.37 1.33
Earnings per share - diluted      
Net income from continuing operations - diluted 0.36 0.37 1.33
Net income applicable to common shares- diluted $ 0.36 $ 0.37 $ 1.33
Weighted average common shares used in computing earnings per share (in shares) 4,168,214 4,168,214 4,168,214
Weighted average common shares used in computing diluted earnings per share (in shares) 4,168,214 4,168,214 4,168,214