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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2020
Dec. 31, 2019
ASSETS    
Cash $ 234 $ 309
Land inventory 14 14
Restricted sinking fund 13 13
Total assets 261 336
LIABILITIES    
Accounts payable and accrued expenses 161 169
Accrued real estate taxes 2 0
Accrued interest:    
Subordinated convertible debentures payable 27,744 27,070
Convertible debentures payable - related party 52,915 52,915
Notes payable 3,419 3,385
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,163 8,163
Total liabilities 93,602 92,900
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 $16,115) 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 (109,371) (108,594)
Total stockholders' deficit (93,341) (92,564)
Total liabilities and stockholders' deficit $ 261 $ 336