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CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenues    
Rental revenues $ 1,260 [1] $ 447 [2]
Other income 16 [1] 46 [2]
Sale of residential condominium units [1] 6,069  
Total revenues 7,345 [1] 493 [2]
Operating Expenses    
Property operating expenses 804 [1] 1,907 [2]
Real estate taxes 390 [1] 79 [2]
General and administrative 1,502 [1] 1,243 [2]
Pension related costs 158 [1] 163 [2]
Cost of sale - residential condominium units [1] 5,721  
Depreciation and amortization 1,003 [1] 1,000 [2]
Total operating expenses 9,578 [1] 4,392 [2]
Operating loss (2,233) [1] (3,899) [2]
Equity in net income (loss) from unconsolidated joint ventures [1] 746 (372) [2]
Unrealized loss on warrants [1] (369) (1,977) [2]
Interest expense, net (2,769) [1] (875) [2]
Interest expense - amortization of deferred finance costs (436) [1] (261) [2]
Loss before taxes (5,061) [1] (7,384) [2]
Tax expense (70) [1] (35) [2]
Net loss attributable to common stockholders (5,131) [1] (7,419) [2]
Other comprehensive loss:    
Unrealized gain on pension liability 119 [1] 119 [2]
Comprehensive loss attributable to common stockholders $ (5,012) [1] $ (7,300) [2]
Loss per share - basic $ (0.14) [1] $ (0.23) [2]
Loss per share - diluted $ (0.14) $ (0.23)
Weighted average number of common shares - basic 37,104 [1] 32,591 [2]
Weighted average number of common shares - diluted 37,104 32,591
[1] Amounts are Restated. See Note 3 for more information.
[2] Amounts are Revised. See Note 3 for more information.