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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2019
Dec. 31, 2018
ASSETS    
Cash $ 381 $ 526
Land inventory 14 14
Restricted sinking fund 13 13
Total assets 408 553
LIABILITIES    
Accounts payable and accrued expenses 175 230
Accrued real estate taxes 2 0
Accrued interest:    
Subordinated convertible debentures payable 26,403 25,744
Convertible debentures payable - related party 52,915 52,915
Notes payable 3,343 3,299
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,163 8,163
Total liabilities 92,199 91,549
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 $15,475) 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 (107,821) (107,026)
Total stockholders' deficit (91,791) (90,996)
Total liabilities and stockholders' deficit $ 408 $ 553