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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Cash $ 1 $ 1
Restricted cash 5 5
Receivables-related party 476 543
Land and improvement inventories 639 639
Other assets 185 187
Total Assets 1,306 1,375
LIABILITIES    
Accounts payable and accrued expenses 206 211
Accrued real estate taxes 4 8
Accrued Interest:    
Primary lender-related party 345 324
Subordinated convertible debentures 20,395 19,792
Accrued Interest-related party 38,241 35,598
Other accrued interest 2,927 2,896
Credit Agreements:    
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 74,375 71,086
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 (89,099) (85,741)
Total stockholders' deficiency (73,069) (69,711)
Total liabilities and stockholders' deficiency $ 1,306 $ 1,375