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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Operating expenses:        
Compensation and benefits $ 443 $ 444 $ 1,033 $ 971
Professional and outside services 91 109 152 173
Property operating and maintenance 28 29 70 67
Depreciation 12 12 24 24
Insurance 37 16 73 25
Other operating 71 69 134 142
Total operating expenses 682 679 1,486 1,402
Operating income (loss) (682) (679) (1,486) (1,402)
Interest income 0 2 0 8
Realized gains (losses) on sales of investment securities 0 8 0 20
Other income 0 0 0 0
Equity income (loss) - 111 West 57th Partners LLC (285) (773) (537) (1,373)
Income (loss) before income taxes (967) (1,442) (2,023) (2,747)
Income tax expense (benefit) 37 655 67 1,305
Net income (loss) (1,004) (2,097) (2,090) (4,052)
Less: net income (loss) attributable to non-controlling interest (20) 0 (34) 0
Net income (loss) attributable to controlling interest $ (984) $ (2,097) $ (2,056) $ (4,052)
Net income (loss) per common share - basic (in dollars per share) $ (0.03) $ (0.05) $ (0.05) $ (0.10)
Net income (loss) per common share - assuming dilution (in dollars per share) $ (0.03) $ (0.05) $ (0.05) $ (0.10)
Weighted average common shares outstanding - basic (in shares) 40,738 40,754 40,738 40,847
Weighted average common shares outstanding - assuming dilution (in shares) 40,738 40,754 40,738 40,847