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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues        
Rental $ 2,436 $ 3,808 [1] $ 5,005 [1] $ 7,650
Transaction and other fees 4 9 21 23
Total revenues 2,440 3,817 5,026 7,673
Operating expenses        
Depreciation and amortization 524 796 1,075 1,559
Operating and maintenance 523 888 1,348 1,722
Real estate taxes 433 645 850 1,295
General and administrative 452 187 675 374
Management fees 156 224 304 436
Total operating expenses 2,088 2,740 4,252 5,386
Other expenses        
Interest expense, net 210 520 406 1,045
Loss on disposal of assets 1 4 66 8
Total other expenses 211 524 472 1,053
Income before income taxes 141 553 302 1,234
Provision for income taxes 38 (31) 36 (98)
Net income 179 522 338 1,136
Less: Noncontrolling interest in subsidiary 393 491 611 1,059
Net income (loss) attributable to Common Shareholders $ (214) $ 31 $ (273) $ 77
Basic income (loss) per Common Share:        
Net income (loss) available to Common Shareholders (usd per share) $ (0.53) $ 0.08 $ (0.67) $ 0.19
Diluted income (loss) per Common Share:        
Net income (loss) available to Common Shareholders (usd per share) $ (0.53) $ 0.01 $ (0.67) $ 0.03
Weighted average number of Common Shares outstanding:        
Basic (shares) 405,169 405,169 405,169 405,169
Diluted (shares) 405,169 2,778,219 405,169 2,778,219
Rental        
Rental revenues $ 2,185 $ 3,254 $ 4,522 $ 6,519
Recoveries 334 613 614 1,250
Bad debt (83) (59) (131) (119)
Total rental $ 2,436 $ 3,808 [1] $ 5,005 [1] $ 7,650
[1] Rental Rental revenues $2,185 $3,254 $4,522 $6,519; Recoveries 334 613 614 1,250; Bad debt (83) (59) (131) (119); Total rental $2,436 $3,808 $5,005 $7,650