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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2020
Dec. 31, 2019
ASSETS    
Cash $ 94 $ 309
Land inventory 14 14
Restricted sinking fund 0 13
Total assets 108 336
LIABILITIES    
Accounts payable and accrued expenses 159 169
Accrued real estate taxes 3 0
Accrued interest:    
Subordinated convertible debentures payable 27,797 27,070
Convertible debentures payable - related party 52,790 52,915
Notes payable 3,435 3,385
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,025 8,163
Total liabilities 93,407 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 $16,275) 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 (109,329) (108,594)
Total stockholders' deficit (93,299) (92,564)
Total liabilities and stockholders' deficit $ 108 $ 336