XML 15 R3.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Income (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Real estate operations $ 6,887 $ 892 $ 14,831 $ 8,216
Leasing operations 3,090 5,376 9,370 15,057
Total revenues 9,977 6,268 24,201 23,273
Cost of sales:        
Cost of sales 7,578 4,347 16,230 14,483
Depreciation 907 1,472 2,664 4,624
Total cost of sales 8,485 5,819 18,894 19,107
General and administrative expenses 3,602 5,252 10,213 15,797
Impairment of real estate 720 625 720 625
Gain on sale of assets 0 0 (4,812) (22,931)
Total 12,807 11,696 25,015 12,598
Operating (loss) income (2,830) (5,428) (814) 10,675
Interest expense, net 0 (855) (15) (2,690)
Net gain on extinguishment of debt 0 3,680 0 3,454
Other income, net 680 70 766 74
(Loss) income before income taxes and equity in unconsolidated affiliate's loss (2,150) (2,533) (63) 11,513
Provision for income taxes (420) (121) (159) (290)
Equity in unconsolidated affiliate's loss (4) (2) (8) (11)
Net (loss) income from continuing operations (2,574) (2,656) (230) 11,212
Net (loss) income from discontinued operations 0 (1,541) 96,300 (9,947)
Net (loss) income and total comprehensive (loss) income (2,574) (4,197) 96,070 1,265
Total comprehensive loss (income) attributable to noncontrolling interests 214 433 463 (6,248)
Net (loss) income and total comprehensive (loss) income attributable to common stockholders $ (2,360) $ (3,764) $ 96,533 $ (4,983)
Income (Loss) from Continuing Operations, Per Basic Share $ (0.29) $ (0.27) $ 0.03 $ 0.60
Income (Loss) from Discontinued Operations, Per Basic Share 0 (0.19) 11.65 (1.21)
Basic net (loss) income per share attributable to common stockholders (in usd per share) (0.29) (0.46) 11.68 (0.61)
Income (Loss) from Continuing Operations, Per Diluted Share (0.29) (0.27) 0.03 0.60
Income (Loss) from Discontinued Operations, Per Diluted Share 0 (0.19) 11.47 (1.21)
Diluted net (loss) income per share attributable to common stockholders (in usd per share) $ (0.29) $ (0.46) $ 11.50 $ (0.61)
Basic weighted average number of shares outstanding, basic (in shares) 8,275 8,239 8,266 8,232
Diluted weighted average number of shares outstanding, basic (in shares) 8,275 8,239 8,397 8,232
Common Stock, Dividends, Per Share, Declared $ 4.67 $ 0 $ 4.67 $ 0
Real estate operations        
Revenues:        
Real estate operations $ 6,887 $ 892 $ 14,831 $ 8,216
Cost of sales:        
Cost of sales 6,228 2,110 13,026 8,002
Leasing operations        
Cost of sales:        
Cost of sales $ 1,350 $ 2,237 $ 3,204 $ 6,481