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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenues:        
Rental and other property revenues $ 0 $ 0 $ 0 $ 0
Expenses:        
Property operating expenses 0 0 0 0
General and administrative (including $69 and $57 for the three months and $133 and $111 for the six months ended 2018 and 2017, respectively, to related parties) 153 119 276 249
Net income fee to related party 53 77 106 137
Advisory fee to related party 168 164 332 326
Total operating expenses 374 360 714 712
Net operating loss (374) (360) (714) (712)
Other income (expenses):        
Interest income from related parties 1,081 1,119 2,123 2,208
Other Income 250 250
Total other income 1,081 1,369 2,123 2,458
Income before taxes 707 1,009 1,409 1,746
Net income $ 707 $ 1,009 $ 1,409 $ 1,746
Earnings per share - basic and diluted        
Net income (in dollars per share) $ 0.17 $ 0.24 $ 0.34 $ 0.42
Weighted average common shares used in computing earnings per share (in shares) 4,168,214 4,168,214 4,168,214 4,168,214