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CONSOLIDATED STATEMENTS OF OPERATIONS (unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
Expenses:        
Property operating expenses (including $8 and $10 for the three months and $15 and $24 for the six months ended 2015 and 2014, respectively, from related parties) $ 8 $ 11 $ 16 $ 28
General and administrative (including $59 and $57 for the three months and $127 and 121 for the six months ended 2015 and 2014, respectively, from related parties) 122 118 297 280
Net income fee to related party 46 56 90 101
Advisory fee to related party 176 178 350 343
Total operating expenses 352 363 753 752
Net operating loss (352) (363) (753) (752)
Other income (expenses):        
Interest income from related parties 1,120 1,236 2,239 2,369
Mortgage and loan interest (165) (178) (329) (363)
Total other income 955 1,058 1,910 2,006
Net income $ 603 $ 695 $ 1,157 $ 1,254
Earnings per share - basic        
Net income from continuing operations - basic $ 0.14 $ 0.17 $ 0.28 $ 0.3
Net income applicable to common shares- basic 0.14 0.17 0.28 0.3
Earnings per share - diluted        
Net income from continuing operations - diluted (in dollars per share) 0.14 0.17 0.28 0.3
Net income applicable to common shares- diluted (in dollars per share) $ 0.14 $ 0.17 $ 0.28 $ 0.3
Weighted average common shares used in computing earnings per share (in shares) 4,168,214 4,168,214 4,168,214 4,168,214
Weighted average common shares used in computing diluted earnings per share (in shares) 4,168,214 4,168,214 4,168,214 4,168,214