Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited) (Tables)

v3.10.0.1
Quarterly Financial Information (unaudited) (Tables)
12 Months Ended
Dec. 31, 2018
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
The following table reflects the quarterly results of operations for the years ended December 31, 2018, and 2017 (dollars in thousands, except per share data):
Fiscal Year 2018:
 
Quarter Ended
 
 
March 31, 2018
 
June 30, 2018
 
September 30, 2018
 
December 31, 2018
Operating revenues
 
$
9,245

 
$
11,394

 
$
8,017

 
$
8,031

Operating expenses
 
(6,459
)
 
(8,922
)
 
(4,672
)
 
(4,522
)
Other (expenses) income
 
(3,104
)
 
(4,324
)
 
2,675

 
(4,593
)
Net (loss) income
 
(318
)
 
(1,852
)
 
6,020

 
(1,084
)
Net loss (income) attributable to non-controlling interests
 
21

 
110

 
(337
)
 
69

Net (loss) income attributable to the Company
 
(297
)
 
(1,742
)
 
5,683

 
(1,015
)
Dividends declared on Series B cumulative redeemable preferred stock
 

 
(3
)
 
(90
)
 
(286
)
Net (loss) income attributable to common stockholders
 
$
(297
)
 
$
(1,745
)
 
$
5,593

 
$
(1,301
)
Earnings (loss) per common share – basic and diluted
 
$
(0.02
)
 
$
(0.11
)
 
$
0.35

 
$
(0.07
)
Weighted average shares of common stock outstanding – basic and diluted
 
13,957,732

 
15,506,512

 
16,057,957

 
16,457,600

 
 
 
 
 
 
 
 
 
Fiscal Year 2017:
 
Quarter Ended
 
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
Operating revenues
 
$
5,750

 
$
5,996

 
$
6,564

 
$
6,812

Operating expenses
 
(3,146
)
 
(3,090
)
 
(3,645
)
 
(3,865
)
Other expenses
 
(2,431
)
 
(2,651
)
 
(3,166
)
 
(3,162
)
Net income (loss)
 
173

 
255

 
(247
)
 
(215
)
Net (income) loss attributable to non-controlling interests
 
(21
)
 
(28
)
 
26

 
26

Net income (loss) attributable to the Company
 
$
152

 
$
227

 
$
(221
)
 
$
(189
)
Earnings (loss) per common share – basic and diluted
 
$
0.01

 
$
0.02

 
$
(0.02
)
 
$
(0.01
)
Weighted average shares of common stock outstanding – basic and diluted
 
10,395,736

 
11,850,624

 
12,271,925

 
13,666,560