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COMMITMENTS, CONTINGENCIES, AND LIQUIDITY (Details Narrative) - USD ($) $ in Thousands |  | 1 Months Ended |
--- | --- | --- | ---
Jul. 20, 2015 | Jan. 31, 2012 | Oct. 31, 2011 | Sep. 30, 2018
Notes Payable |  |  |  | $ 168,145
Dynex Capital, Inc.Litigation [Member] |  |  |  |
Damages sought value | $ 160,000 |  |  |
Description of plaintiff | <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Basic Capital Management, Inc., American Realty Trust, Inc., Transcontinental Realty Investors, Inc., Continental Poydras Corp., Continental Common, Inc. and Continental Baronne, Inc.</p> |  |  |
Description of defendant | <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Dynex Commercial, Inc.</p> |  |  |
Domicile of litigation | <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> 68th Judicial District Court in Dallas County, Texas</p> |  |  |
Description of action taken by court | </font></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">The Final Judgment entered against Dynex Commercial, Inc. on July 20, 2015 awarded Basic was $0.256 million in damages, plus pre-judgment interest of $0.192 million for a total amount of $0.448 million. The Judgment awarded ART was $14.2 million in damages, plus pre-judgment interest of $10.6 million for a total amount of $24.8 million. The Judgment awarded TCI was $11.1 million, plus pre-judgment interest of $8.4 million for a total amount of $19.5 million. The Judgment also awarded Basic, ART, and TCI post-judgment interest at the rate of 5% per annum from April 25, 2014 until the date their respective damages were paid. Lastly, the Judgement awarded Basic, ART, and TCI was $1.6 million collectively in attorneys’ fees from Dynex Commercial, Inc.</font> |  |  |
Unfunded loan commitment | $ 160,000 |  |  |
Awarded attorney fees | $ 1,600 |  |  |
Post-judgment interest rate | 5.00% |  |  |
Dynex Capital, Inc.Litigation [Member] | Southern Properties Capital LTD [Member] |  |  |  |
Damages - awarded amount | $ 11,100 |  |  |
Damages - pre-judgement interest | 8,400 |  |  |
Damages - total | 19,500 |  |  |
Dynex Capital, Inc.Litigation [Member] | American Reality Trust, Inc. [Member] |  |  |  |
Damages - awarded amount | 14,200 |  |  |
Damages - pre-judgement interest | 10,600 |  |  |
Damages - total | 24,800 |  |  |
Dynex Capital, Inc.Litigation [Member] | Basic Capital Management, Inc. [Member] |  |  |  |
Damages - awarded amount | 256 |  |  |
Damages - pre-judgement interest | 192 |  |  |
Damages - total | $ 448 |  |  |
ART and ART Midwest, Inc. Litigation [Member] |  |  |  |
Damages sought value |  |  | $ 74,000 |
Actual damages sought value |  | $ 59,000 | 26,000 |
Interest damages sought value |  |  | $ 48,000 |
Description of plaintiff |  |  | <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Mr. David Clapper and entities related to Mr. Clapper (collectively, the “Clapper Parties”)</p> |
Description of defendant |  |  | <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">A formerly owned entity (American Realty Trust, Inc.) and its former subsidiary (ART Midwest, Inc.)</font></p> |
Description of allegation |  |  | <p><font style="font: 10pt Times New Roman, Times, Serif">The matter originally involved a transaction in 1998 in which ART Midwest, Inc. was to acquire eight residential apartment complexes from the Clapper Parties.</font></p> |
Notes receivable from the sale of ART |  | $ 10,000 |  |
UHF Debt Guarantee [Member] |  |  |  |
Loan guarantee amount |  |  |  | $ 39,100

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