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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Rental revenues $ 196 $ 946 $ 774 $ 3,520
Other income 80   231  
Total revenues 276 946 1,005 3,520
Operating Expenses        
Property operating expenses 2,709 1,191 5,464 2,687
Real estate taxes 19 90 59 264
General and administrative 1,188 1,286 3,953 3,971
Pension related costs 165 183 495 549
Transaction related costs 27 29 131 166
Depreciation and amortization 690 600 2,076 2,377
Total operating expenses 4,798 3,379 12,178 10,014
Operating loss (4,522) (2,433) (11,173) (6,494)
Gain on sale of school condominium     24,196 0
Equity in net loss from unconsolidated joint ventures (176) (218) (1,302) (626)
Unrealized (loss) gain on warrants (58)   1,330 0
Interest (expense) income, net (545) 14 (795) 53
Interest expense -amortization of deferred finance costs (40)   (148)  
(Loss) income before taxes (5,341) (2,637) 12,108 (7,067)
Tax expense (51) (8) (218) (199)
Net (loss) income attributable to common stockholders (5,392) (2,645) 11,890 (7,266)
Other comprehensive gain (loss):        
Unrealized gain (loss) on pension liability 112 116 337 (1,302)
Comprehensive (loss) income attributable to common stockholders $ (5,280) $ (2,529) $ 12,227 $ (8,568)
(Loss) income per share - basic $ (0.17) $ (0.08) $ 0.37 $ (0.23)
(Loss) income per share - diluted $ (0.17) $ (0.08) $ 0.36 $ (0.23)
Weighted average number of common shares - basic 32,297 31,953 32,290 31,896
Weighted average number of common shares - diluted 32,297 31,953 32,731 31,896