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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2017
Dec. 31, 2016
ASSETS    
Cash $ 159 $ 958
Receivables-related party (Note 14) 573 0
Land Inventory (Note 4) 14 14
Other assets (Note 5) 42 42
Total Assets 788 1,014
LIABILITIES    
Accounts payable and accrued expenses (Note 6) 209 230
Accrued real estate taxes (Note 6) 4 4
Accrued Interest:    
Subordinated convertible debentures (Note 8) 25,032 23,743
Convertible debentures-related party (Note 9) 52,915 52,915
Other (Note 7) 3,218 3,146
Credit Agreements:    
Notes payable (Note 7) 1,198 1,198
Subordinated convertible debentures payable (Note 8) 8,472 8,472
Liabilities Total 91,048 89,708
Commitments and Contingencies (Note 13)
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) (Note 11) 2,000 2,000
Common stock, par value $.10 per share; authorized 25,000,000 shares; 5,317,758 shares issued and outstanding (Note 11) 532 532
Paid-in capital 13,498 13,498
Accumulated deficit (106,290) (104,724)
Total stockholders' deficiency (90,260) (88,694)
Total liabilities and stockholders' deficiency $ 788 $ 1,014