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CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Cash $ 20 $ 58
Land inventory 0 10
Total Assets 20 68
LIABILITIES    
Accounts payable and accrued expenses 157 157
Accrued real estate taxes 5 5
Accrued interest subordinated convertible debentures payable 30,561 29,512
Accrued interest convertible debentures payable-related party 52,710 52,740
Accrued interest notes payable 3,567 3,512
Credit agreements notes payable 1,198 1,198
Credit agreements subordinated convertible debentures payable 8,025 8,025
Total Liabilities 96,223 95,149
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 $17,555) 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 (112,233) (111,111)
Stockholders' Equity (96,203) (95,081)
Liabilities and Stockholders Equity $ 20 $ 68