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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Sep. 30, 2015
Sep. 30, 2014
Operating expenses:        
Compensation and benefits $ 448 $ 458 $ 1,481 $ 1,429
Professional and outside services 54 73 206 246
Property operating and maintenance 26 36 96 103
Depreciation 12 12 36 36
Insurance 41 41 114 66
Other operating 104 87 238 229
Total operating expenses 685 707 2,171 2,109
Operating income (loss) (685) (707) (2,171) (2,109)
Interest income 0 2 0 10
Realized gains (losses) on sales of investment securities 0 0 0 20
Other income 0 0 0 0
Equity income (loss) - 111 West 57th Partners LLC (794) (610) (1,331) (1,983)
Income (loss) before income taxes (1,479) (1,315) (3,502) (4,062)
Income tax expense (benefit) 38 637 105 1,942
Net income (loss) (1,517) (1,952) (3,607) (6,004)
Less: net income (loss) attributable to non-controlling interest 0 0 (34) 0
Net income (loss) attributable to controlling interest $ (1,517) $ (1,952) $ (3,573) $ (6,004)
Net income (loss) per common share - basic (in dollars per share) $ (0.04) $ (0.05) $ (0.09) $ (0.15)
Net income (loss) per common share - assuming dilution (in dollars per share) $ (0.04) $ (0.05) $ (0.09) $ (0.15)
Weighted average common shares outstanding - basic (in shares) 40,738 40,738 40,738 40,811
Weighted average common shares outstanding - assuming dilution (in shares) 40,738 40,738 40,738 40,811