XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Revenues:      
Revenue from operations    
Expenses:      
General and administrative (including $247, $260, and $284 for the year ended 2020, 2019, and 2018 respectively, to related parties) 450 $ 494 $ 494
Net income fee to related party 371 357 631
Advisory fee to related party 768 737 685
Total operating expenses 1,589 1,588 1,810
Net operating loss (1,589) (1,588) (1,810)
Other income / expenses:      
Interest income from related parties 5,373 6,574 4,880
Other Income 1,550 237  
Total other income 6,923 6,811 4,880
Income before gain on sale of real estate land 5,334 5,223 3,070
Gain on sale of real estate land     7,323
Income before taxes 5,334 5,223 10,393
Income tax expense - current 1,120 1,078 1,391
Income tax expense - deferred     792
Net income $ 4,214 $ 4,145 $ 8,210
Earnings per share - basic and diluted      
Net income (in dollars per share) $ 1.01 $ 0.99 $ 1.97
Weighted average common shares used in computing earnings per share (in shares) 4,168,414 4,168,414 4,168,214