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Restatement and Revision of Previously Issued Consolidated Financial Statements - Cash Flows (Details) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss attributable to common stockholders [1] $ (5,131) $ (7,419)  
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:      
Depreciation and amortization and amortization of deferred finance costs [1] 1,439 1,261  
Stock-based compensation expense [1] 123 133  
Deferred rents receivable [1] (4) (12)  
Other non-cash adjustments - pension expense [1] 119 119  
Unrealized loss on warrants [1] 369 1,977 [2]  
Equity in net (income) loss from unconsolidated joint ventures [1] (746) 372 [2]  
Distributions from unconsolidated joint ventures [1] 168 194  
Decrease (increase) in operating assets:      
Residential condominium units for sale [1] 3,548 (11,672)  
Receivables [1] 24 47  
Prepaid expenses and other assets, net [1] (1,008) (371)  
Increase in operating liabilities:      
Accounts payable and accrued expenses [1] 1,474 1,294  
Net cash used in operating activities [1] 375 (14,077)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to real estate [1] (64) (53)  
Net cash provided by (used in) investing activities [1] (64) (53)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from loans and corporate credit facility [1] 2,390 8,980  
Proceeds from secured line of credit [1]   1,200  
Payment of finance costs [1]   (21)  
Repayment of loans [1] 11,642    
Settlement of stock awards [1] (291) (370)  
Net cash (used in) provided by financing activities [1] (9,543) 9,789  
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (9,232) [1] (4,341) [1] $ (9,232)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 24,845 16,069 16,069
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] 15,613 11,728 24,845
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD [1] 4,310 6,515 6,515
RESTRICTED CASH, BEGINNING OF PERIOD [1] 20,535 9,554 9,554
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 24,845 16,069 16,069
CASH AND CASH EQUIVALENTS, END OF PERIOD [1] 1,381 5,034 4,310
RESTRICTED CASH, END OF PERIOD [1] 14,232 6,694 20,535
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] 15,613 11,728 24,845
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid during the period for: Interest [1] 3,050 4,130  
Cash paid during the period for: Taxes [1] 66 46  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Capitalized amortization of deferred financing costs and warrants [1] 583 692  
Capitalized stock-based compensation expense [1] 18 37  
Previously Reported      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss attributable to common stockholders (2,538) (6,589)  
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:      
Depreciation and amortization and amortization of deferred finance costs 1,405 908  
Stock-based compensation expense 123 133  
Deferred rents receivable (4) (12)  
Other non-cash adjustments - pension expense 119 119  
Unrealized loss on warrants 369 1,977  
Equity in net (income) loss from unconsolidated joint ventures (746) 372  
Distributions from unconsolidated joint ventures 168 194  
Decrease (increase) in operating assets:      
Residential condominium units for sale (5)    
Receivables 24 47  
Prepaid expenses and other assets, net (1,008) (371)  
Increase in operating liabilities:      
Accounts payable and accrued expenses 1,474 1,294  
Net cash used in operating activities (619) (1,928)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to real estate (4,704) (12,202)  
Net proceeds from the sale of residential condominium units 5,634    
Net cash provided by (used in) investing activities 930 (12,202)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from loans and corporate credit facility 2,390 8,980  
Proceeds from secured line of credit   1,200  
Payment of finance costs   (21)  
Repayment of loans 11,642    
Settlement of stock awards (291) (370)  
Net cash (used in) provided by financing activities (9,543) 9,789  
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (9,232) (4,341)  
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 24,845 16,069 16,069
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 15,613 11,728 24,845
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD 4,310 6,515 6,515
RESTRICTED CASH, BEGINNING OF PERIOD 20,535 9,554 9,554
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD 24,845 16,069 16,069
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,381 5,034 4,310
RESTRICTED CASH, END OF PERIOD 14,232 6,694 20,535
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD 15,613 11,728 $ 24,845
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid during the period for: Interest 3,050 4,130  
Cash paid during the period for: Taxes 66 46  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accrued development costs included in accounts payable and accrued expenses 9,332 7,496  
Capitalized amortization of deferred financing costs and warrants 617 760  
Capitalized stock-based compensation expense 46 39  
Error Related to Classification of Real Estate Under Development | Revision/Restatement Impact      
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss attributable to common stockholders (2,593) (830)  
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:      
Depreciation and amortization and amortization of deferred finance costs 34 353  
Decrease (increase) in operating assets:      
Residential condominium units for sale 3,553 (11,672)  
Increase in operating liabilities:      
Net cash used in operating activities 994 (12,149)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to real estate 4,640 12,149  
Net proceeds from the sale of residential condominium units (5,634)    
Net cash provided by (used in) investing activities (994) 12,149  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Accrued development costs included in accounts payable and accrued expenses (9,332) (7,496)  
Capitalized amortization of deferred financing costs and warrants (34) (68)  
Capitalized stock-based compensation expense $ (28) $ (2)  
[1] Amounts are Restated. See Note 3 for more information.
[2] Amounts are Revised. See Note 3 for more information.