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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash $ 309 $ 526
Land Inventory (Note 4) 14 14
Other assets (Note 5) 13 13
Total Assets 336 553
LIABILITIES    
Accounts payable and accrued expenses (Note 6) 169 230
Accrued Interest:    
Subordinated convertible debt (Note 8) 27,070 25,744
Convertible debentures-related party (Note 9) 52,915 52,915
Notes Payable (Note 7) 3,385 3,299
Credit Agreements:    
Notes payable (Note 7) 1,198 1,198
Subordinated convertible debentures payable (Note 8) 8,163 8,163
Liabilities Total 92,900 91,549
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 (108,594) (107,026)
Total stockholders' deficiency (92,564) (90,996)
Total liabilities and stockholders' deficiency $ 336 $ 553