Real Estate Sales and Other Income

12 Months Ended

Dec. 31, 2021

Real Estate Sales and Other Income

Real Estate Sales and Other Income

3.Real Estate Sales and Other Income:

Revenues totaled $94,000 for the year ended December 31, 2021 compared to revenues of $2,000 for the year ended December 31, 2020.  

Real estate sales and cost of sales consisted of:

	2021		2020
	($ in thousands)
Real estate sales	$	90	$	-
Cost of sales		15		-
Gross profit margin	$	75	$	-

Other income totaled $4,000 for the year ended December 31, 2021 compared to $2,000 for the year ended December 31, 2020.  Other income in 2021 represents income from a settlement claim from when the Company was operating as a home builder.  Other income in 2020 represents recoveries of lot lien receivables which had been fully provided for cancellation.