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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2015
Dec. 31, 2014
ASSETS    
Cash $ 1 $ 1
Restricted cash 5 5
Receivables-related party 255 332
Land and improvement inventories 639 639
Other assets 42 51
Total Assets 942 1,028
LIABILITIES    
Accounts payable and accrued expenses 220 229
Accrued real estate taxes 4 8
Accrued interest:    
Primary lender-related party 429 408
Subordinated convertible debentures payable 21,865 21,389
Convertible debentures payable-related party 50,831 47,351
Notes payable 3,050 3,020
Credit agreements:    
Primary lender-related party 500 500
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,472 8,552
Convertible Debt Related Party 1,500 1,500
Liabilities Total 88,069 84,155
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 (103,157) (99,157)
Total stockholders' deficiency (87,127) (83,127)
Total liabilities and stockholders' deficiency $ 942 $ 1,028