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QUARTERLY FINANCIAL DATA
 12 Months Ended
Dec. 31, 2018
Selected Quarterly Financial Information [Abstract]  
QUARTERLY FINANCIAL DATA
NOTE 14 – QUARTERLY FINANCIAL DATA (unaudited)
 
The following table reflects quarterly condensed consolidated statements of operations for the periods indicated (dollars in thousands, except per share amounts):
 
 
 
For the Year Ended December 31, 2018
 
 
 
January 1,

2018 to

March 31,

2018
 
 
April 1,

2018 to

June 30,

2018
 
 
July 1,

2018 to

September 30,

2018
 
 
October 1,

2018 to

December 31,

2018
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
397
 
 
$
673
 
 
$
1,298
 
 
$
1,347
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating expenses
 
 
1,868
 
 
 
2,441
 
 
 
3,376
 
 
 
3,113
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating loss
 
 
(1,471
)
 
 
(1,768
)
 
 
(2,078
)
 
 
(1,766
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in net loss from unconsolidated joint venture
 
 
(117
)
 
 
(139
)
 
 
(236
)
 
 
(236
)
Interest income, net
 
 
53
 
 
 
93
 
 
 
36
 
 
 
30
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss before tax expense
 
 
(1,535
)
 
 
(1,814
)
 
 
(2,278
)
 
 
(1,972
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax expense
 
 
(23
)
 
 
(27
)
 
 
(26
)
 
 
(214
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net loss attributable to common stockholders
 
$
(1,558
)
 
$
(1,841
)
 
$
(2,304
)
 
$
(2,186
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss per share - basic and diluted
 
$
(0.05
)
 
$
(0.06
)
 
$
(0.07
)
 
$
(0.07
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares - basic and diluted
 
 
31,531
 
 
 
31,612
 
 
 
31,639
 
 
 
31,647
 
 
 
 
For the Year Ended December 31, 2017
 
 
 
January 1,

2017 to

March 31,

2017
 
 
April 1,

2017 to

June 30,

2017
 
 
July 1,

2017 to

September 30,

2017
 
 
October 1,

2017 to

December 31,

2017
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total revenues
 
$
460
 
 
$
495
 
 
$
507
 
 
$
400
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Total operating expenses
 
 
1,727
 
 
 
1,806
 
 
 
5,359
 
 
 
2,056
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Operating loss
 
 
(1,267
)
 
 
(1,311
)
 
 
(4,852
)
 
 
(1,656
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Equity in net loss from unconsolidated joint venture
 
 
(271
)
 
 
(237
)
 
 
(296
)
 
 
(253
)
Interest (expense) income, net
 
 
(68
)
 
 
(41
)
 
 
20
 
 
 
304
 
Interest (expense) income - amortization of deferred finance costs
 
 
(82
)
 
 
(118
)
 
 
(145
)
 
 
345
 
Reduction of claims liability
 
 
1,043
 
 
 
-
 
 
 
-
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Loss before gain on sale of real estate and tax (expense) benefit
 
 
(645
)
 
 
(1,707
)
 
 
(5,273
)
 
 
(1,260
)
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Gain on sale of real estate
 
 
-
 
 
 
-
 
 
 
3,853
 
 
 
-
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Tax (expense) benefit
 
 
(36
)
 
 
(69
)
 
 
(32
)
 
 
3,148
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Net (loss) income attributable to common stockholders
 
$
(681
)
 
$
(1,776
)
 
$
(1,452
)
 
$
1,888
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
(Loss) income per share - basic and diluted
 
$
(0.02
)
 
$
(0.06
)
 
$
(0.05
)
 
$
0.06
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Weighted average number of common shares - basic and diluted
 
 
27,560
 
 
 
31,290
 
 
 
31,446
 
 
 
31,452