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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (USD $)
In Thousands, unless otherwise specified
Sep. 30, 2012
Dec. 31, 2011
ASSETS    
Cash $ 1 $ 1
Restricted cash 5 5
Receivables-related party 557 631
Land and improvement inventories 639 639
Other assets 188 193
Total Assets 1,390 1,469
LIABILITIES    
Accounts payable and accrued expenses 203 118
Accrued real estate taxes 6 8
Primary lender-related party 313 282
Subordinated convertible debentures 19,492 18,605
Convertible debentures-related party 34,344 30,829
Other 2,881 2,835
Primary lender-related party 500 500
Notes payable 1,198 1,198
Subordinated convertible debentures payable 9,059 9,059
Convertible debentures payable-related party 1,500 1,500
Liabilities Total 69,496 64,934
STOCKHOLDERS' DEFICIENCY    
Preferred stock, par value $1.00 per share; authorized 5,000,000 shares; 2,000,000 Class A cumulative convertible shares issued and outstanding; (liquidation preference of $8,000,000 and cumulative dividends) 2,000 2,000
Common stock, par value $.10 per share; authorized 25,000,000 shares; 5,317,758 shares issued and outstanding 532 532
Paid-in capital 13,498 13,498
Accumulated deficit (84,136) (79,495)
Total stockholders' deficiency (68,106) (63,465)
Total liabilities and stockholders' deficiency $ 1,390 $ 1,469