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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Operating expenses:        
Compensation and benefits $ 382 $ 448 $ 1,212 $ 1,481
Professional and outside services 482 54 784 206
Property operating and maintenance 31 26 93 96
Depreciation 12 12 36 36
Insurance 45 41 126 114
Other operating 59 104 153 238
Total operating expenses 1,011 685 2,404 2,171
Operating income (loss) (1,011) (685) (2,404) (2,171)
Interest income 0 0 0 0
Realized gains (losses) on sales of investment securities 0 0 0 0
Other income 128 0 128 0
Equity income (loss) - 111 West 57th Partners LLC (49) (794) (549) (1,331)
Income (loss) before income taxes (932) (1,479) (2,825) (3,502)
Income tax expense (benefit) (220) 38 (150) 105
Net income (loss) (712) (1,517) (2,675) (3,607)
Less: net income (loss) attributable to non-controlling interest 0 0 0 (34)
Net income (loss) attributable to controlling interest $ (712) $ (1,517) $ (2,675) $ (3,573)
Net income (loss) per common share - basic (in dollars per share) $ (0.02) $ (0.04) $ (0.07) $ (0.09)
Net income (loss) per common share - assuming dilution (in dollars per share) $ (0.02) $ (0.04) $ (0.07) $ (0.09)
Weighted average common shares outstanding - basic (in shares) 40,738 40,738 40,738 40,738
Weighted average common shares outstanding - assuming dilution (in shares) 40,738 40,738 40,738 40,738