Commitments and Contingencies

3 Months Ended

Mar. 31, 2022

Commitments and Contingencies Disclosure [Abstract]

Commitments and Contingencies

5. Commitments and Contingencies

We believe that we will generate excess cash from operations in the next twelve months; such excess, however, might not be sufficient to discharge all of obligations as they become due. We intend to sell income-producing assets and obtain additional borrowings to meet our liquidity requirements to meet any cash deficiency.

In February 2019, we were charged in a lawsuit brought by Paul Berger (“Berger”) against us and others that alleges that we completed improper sales and/or transfers of property with TCI. Berger requests that TCI pay off various related party loans to us and that we then distribute the funds to our shareholders. We intend to vigorously defend against the allegations.