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CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Expenses:        
General and administrative (including $61 and $67 for the three months and $209 and $201 for the nine months ended 2019 and 2018, respectively, to related parties) $ 99 $ 83 $ 407 $ 359
Net income fee to related party 83 383 273 489
Advisory fee to related party 186 168 550 500
Total operating expenses 368 634 1,230 1,348
Net operating loss (368) (634) (1,230) (1,348)
Other income (expenses):        
Interest income from related parties 1,672 1,201 4,991 3,324
Other Income     147  
Total other income 1,672 1,201 5,138 3,324
Income before gain on sale of real estate land 1,304 567 3,908 1,976
Gain on sale of real estate land   7,323   7,323
Income before income taxes 1,304 7,890 3,908 9,299
Income tax expense 274 1,902 821 1,902
Net income $ 1,030 $ 5,988 $ 3,087 $ 7,397
Earnings per share - basic and diluted        
Net income (in dollars per share) $ 0.25 $ 1.44 $ 0.74 $ 1.77
Weighted average common shares used in computing earnings per share (in shares) 4,168,214 4,168,214 4,168,214 4,168,214