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REAL ESTATE HELD FOR SALE
9 Months Ended
Sep. 30, 2021
Real Estate [Abstract]  
REAL ESTATE HELD FOR SALE

3. REAL ESTATE HELD FOR SALE

 

During the three months ended September 30, 2021, the Company completed the sale of its 30,400 square foot office building and the related 14-acre tract in Riverton, Wyoming, which was classified as held for sale. The Company received net proceeds of $440 thousand and recorded a loss of $141 thousand on the sale of the property during the period. For the nine months ended September 30, 2020, the Company recorded impairment of $651 thousand related to the property.

 

The Company continues to hold approximately 13 acres of land in Riverton, Wyoming with an estimated fair value, net of selling costs of $250 thousand, which is classified as held for sale in the condensed consolidated balance sheet at September 30, 2021. During the nine months ended September 30, 2020, the Company recorded impairment of $403 thousand related to the land.