XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Revenues    
Rental revenues $ 1,511 $ 1,260
Other income 120 16
Sales of residential condominium units 13,097 6,069
Total revenues 14,728 7,345
Operating Expenses    
Property operating expenses 1,267 804
Real estate taxes 463 390
General and administrative 1,444 1,502
Pension related costs 144 158
Cost of sales - residential condominium units 12,309 5,721
Transaction related costs 113  
Depreciation and amortization 1,000 1,003
Total operating expenses 16,740 9,578
Operating loss (2,012) (2,233)
Equity in net (loss) income from unconsolidated joint ventures (4) 746
Equity in net gain on sale of unconsolidated joint venture property 3,058  
Unrealized gain (loss) on warrants 66 (369)
Interest expense, net (6,328) (2,769)
Interest expense - amortization of deferred finance costs (892) (436)
Loss before taxes (6,112) (5,061)
Tax expense (124) (70)
Net loss attributable to common stockholders (6,236) (5,131)
Other comprehensive (loss) income:    
Unrealized gain on pension liability 119 119
Comprehensive loss attributable to common stockholders $ (6,117) $ (5,012)
Loss per share - basic $ (0.17) $ (0.14)
Loss per share - diluted $ (0.17) $ (0.14)
Weighted average number of common shares - basic 37,605 37,104
Weighted average number of common shares - diluted 37,605 37,104