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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2019
Dec. 31, 2018
ASSETS    
Cash $ 336 $ 526
Land inventory 14 14
Restricted sinking fund 13 13
Total assets 363 553
LIABILITIES    
Accounts payable and accrued expenses 167 230
Accrued real estate taxes 3 0
Accrued interest:    
Subordinated convertible debentures payable 26,735 25,744
Convertible debentures payable - related party 52,915 52,915
Notes payable 3,365 3,299
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,163 8,163
Total liabilities 92,546 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 $15,635) 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 (108,213) (107,026)
Total stockholders' deficit (92,183) (90,996)
Total liabilities and stockholders' deficit $ 363 $ 553