XML 15 R4.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Revenues:      
Rental and other property revenues    
Expenses:      
Property operating expenses    
General and administrative (including $284, $234, and $213 for the year ended 2018, 2017, and 2016 respectively, to related parties) 494 $ 438 $ 396
Net income fee to related party 631 250 257
Advisory fee to related party 685 660 639
Total operating expenses 1,810 1,348 1,292
Net operating loss (1,810) (1,348) (1,292)
Other income (expenses):      
Interest income from related parties 4,880 4,237 4,494
Other Income   250  
Total other income 4,880 4,487 4,494
Income before gain on sale of real estate land 3,070 3,139 3,202
Gain on sale of real estate land 7,323    
Income before taxes 10,393 3,139 3,202
Income tax (expense) - current (1,391) (1,098) (1,121)
Income tax expense - deferred (792) (533)  
Net income $ 8,210 $ 1,508 $ 2,081
Earnings per share - basic and diluted      
Net income (in dollars per share) $ 1.97 $ 0.36 $ 0.5
Weighted average common shares used in computing earnings per share (in shares) 4,168,214 4,168,214 4,168,214