H. ASSETS HELD FOR SALE

As of December 31, 2012, the accompanying condensed consolidated balance sheets include approximately $17.1 million in book value of assets held for sale, which consists of $15.2 million related to Remington Village and $1.9 million related to the corporate aircraft and related facilities.

In January 2011, we made the decision to sell our Remington Village multifamily project in Gillette, Wyoming and plan to use the proceeds to further the development of our oil and gas business. On March 5, 2013, the Company entered into a Purchase and Sale Agreement to sell Remington Village for $15.0 million. During the year ended December 31, 2012, the Company recorded non-cash impairments totaling $3.0 million to adjust the carrying value of the project to the expected sale value less selling costs.

As of December 31, 2012, the accompanying condensed consolidated balance sheets include approximately $15.2 million in book value of assets held for sale related to Remington Village, net of accumulated depreciation, and $10.0 million in liabilities held for sale. Because Remington Village has been classified as an asset held for sale, scheduled depreciation of $747,000 for the year ended December 31, 2012 and $946,000 for the year ended December 31, 2011 was not recorded. Remington Village is pledged as collateral on a $10.0 million note. At such time as Remington Village is sold, the debt balance will be retired.

The Company's real estate operations for the year ending December 31, 2010 were reported as an operating segment. For the years ended December 31, 2012 and 2011 these operations have been reclassified as discontinued operations in the current financial statements. Results of discontinued operations for the years ended December 31, 2012, 2011 and 2010 were as follows:

	(In thousands)
	For the years ending December 31,
	2012			2011			2010
Revenues	$	2,037		$	2,147		$	2,411
Operating expenses		1,885			1,468			2,062
Impairment		2,955			3,063			1,540
		4,840			4,531			3,602

Loss before income taxes		(2,803	)		(2,384	)		(1,191	)

Income tax benefit from (provision for)		1,009			(245	)		(123	)

Net loss from discontinued operations	$	(1,794	)	$	(2,629	)	$	(1,314	)

In September 2012, we made the decision to sell our corporate aircraft and related facilities to reduce overhead costs and plan to use the proceeds to further the development of our oil and gas business, reduction of debt or for general corporate purposes. As of December 31, 2012 the accompanying consolidated balance sheets include approximately $1.9 million in book value of assets held for sale, net of accumulated depreciation. Because the aircraft and related facilities have been classified as an asset held for sale, we will no longer record any scheduled depreciation. During the year ended December 31, 2012, the Company recorded non-cash impairments totaling $2.3 million to adjust the carrying value to the expected sale value.

The following assets and liabilities have been segregated and included in the Assets Held for Sale and Liabilities Held for Sale, as appropriate, in the consolidated balance sheets as of December 31, 2012 and 2011:

	(In thousands)
	December 31,		December 31,
	2012		2011
Cash and cash equivalents	$	211	$	170
Accounts receivable		19		13
Prepaid expenses		42		99
Property, plant and equipment, net		14,775		17,730
Restricted investment		120		120
Assets of discontinued operations		15,167		18,132

Corporate aircraft and related facilities		1,884		4,468
Assets held for sale	$	17,051	$	22,600

Accounts payable	$	144	$	117
Accrued and other liabilities		257		220
Long term debt		9,621		9,904
Liabilities held for sale	$	10,022	$	10,241