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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenues        
Rental revenues $ 336 $ 328 $ 1,017 $ 974
Tenant reimbursements 171 208 445 435
Total revenues 507 536 1,462 1,409
Operating Expenses        
Property operating expenses 178 144 549 445
Real estate taxes 124 63 345 167
General and administrative 1,509 1,529 4,200 5,272
Transaction related costs 9 49 77 99
Depreciation and amortization 145 121 394 334
Write-off of costs relating to demolished asset 3,426 0 3,426 0
Total operating expenses 5,391 1,906 8,991 6,317
Operating loss (4,884) (1,370) (7,529) (4,908)
Equity in net loss from unconsolidated joint venture (296) 0 (804) 0
Interest income (expense), net 20 (12) (89) 83
Amortization of deferred finance costs (145) (39) (345) (60)
Reduction of claims liability 0 (2) 1,043 132
Loss before gain on sale of real estate and taxes (5,305) (1,423) (7,724) (4,753)
Gain on sale of real estate 3,853 0 3,853 0
Tax expense 0 0 (38) 0
Net loss available to common stockholders $ (1,452) $ (1,423) $ (3,909) $ (4,753)
Loss per share - basic and diluted $ (0.05) $ (0.06) $ (0.13) $ (0.19)
Weighted average number of common shares - basic and diluted 31,446 25,483 30,114 25,409