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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2021
Dec. 31, 2020
ASSETS    
Cash $ 64 $ 81
Land inventory 14 14
Total assets 78 95
LIABILITIES    
Accounts payable and accrued expenses 158 160
Accrued real estate taxes 2 4
Accrued interest:    
Subordinated convertible debentures payable 28,478 28,137
Convertible debentures payable - related party 52,790 52,790
Notes payable 3,465 3,450
Credit agreements:    
Notes payable 1,198 1,198
Subordinated convertible debentures payable 8,025 8,025
Total liabilities 94,116 93,764
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 $16,595) 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 (110,068) (109,699)
Total stockholders' deficit (94,038) (93,669)
Total liabilities and stockholders' deficit $ 78 $ 95