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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
ASSETS    
Cash $ 607 $ 159
Receivables-related party 0 573
Land inventory 14 14
Restricted sinking fund 13 41
Other assets 1 1
Total assets 635 788
LIABILITIES    
Accounts payable and accrued expenses 253 209
Accrued real estate taxes 3 4
Accrued interest:    
Subordinated convertible debentures payable 25,417 25,032
Convertible debentures payable - related party 52,915 52,915
Notes payable 3,278 3,218
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,163 8,472
Total liabilities 91,227 91,048
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 plus unpaid cumulative dividends of $14,995) 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 (106,622) (106,290)
Total stockholders' deficit (90,592) (90,260)
Total liabilities and stockholders' deficit $ 635 $ 788