XML 24 R26.htm IDEA: XBRL DOCUMENT v3.20.1

Segment Disclosures

12 Months Ended

Dec. 31, 2019

Segment Reporting [Abstract]

Segment Disclosures

20. SEGMENT DISCLOSURES

Subsequent to July 23, 2019 we operate our business through our two segments: Asset Management, and Real Estate Services.

In our Asset Management segment, we focus on providing management services to a wide range of real estate assets and businesses that include a variety of commercial real estate uses, including apartments, hotels, office buildings, commercial garages, leased lands, retail stores, mixed-use developments, and urban transit-oriented developments. The properties and businesses we currently manage are located primarily along the Washington, D.C. Metro Silver Line in Fairfax and Loudoun Counties, but we also manage projects in other jurisdictions within the states of Maryland and Virginia.

In our Real Estate Services segment, our experienced real estate services-based management team provides a wide range of real estate services in the areas of strategic corporate planning, capital markets, brokerage services, and environmental and design-based services. Our environmental services group provides consulting, environmental studies, remediation services and provide site specific solutions for any project that may have an environmental impact, from environmental due diligence to site-specific assessments and remediation. The Real Estate Services segment operates in the Mid-Atlantic Region.

The following table includes the Company’s two reportable segments of Asset Management and Real Estate Services, excluding discontinued operations, for the year ended December 31, 2019 and 2018.

		Asset Management				Real Estate Services				Total (from continuing operations)
Twelve Months Ended December 31, 2019
Gross revenue		$	19,605			$	5,712			$	25,317
Gross profit			3,044				1,101				4,145
Net (loss) income			1,737				(273	)			1,464
Total assets			15,270				4,663				19,933
Depreciation, amortization, and stock based    compensation			430				266				696
Interest expense			390				84				474
		Asset Management				Real Estate Services				Total (from continuing operations)
Twelve Months Ended December 31, 2018
Gross revenue		$	13,416			$	3,031			$	16,447
Gross profit			1,182				(59	)			1,123
Net (loss) income			2,256				(849	)			1,407
Total assets			3,870				3,362				7,232
Depreciation, amortization, and stock based    compensation			225				221				446
Interest expense			—				90				90

X

- References

No definition available.

+ Details

Name:	us-gaap_SegmentReportingAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

+ Details

Name:	us-gaap_SegmentReportingDisclosureTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration