|
Consolidated Statement of Operations and Deficit
|
| For
the period of eighteen months ended June 30, 1983 |
|
|
- |
|
|
|
Revenues
|
|
| |
Investment
Income |
$ |
751,000 |
| |
Rentals |
628,000 |
| |
Natural
Resources |
166,000 |
|
- |
|
|
| Expenses |
|
| |
Direct
rental costs |
443,000 |
| |
General
and administrative |
2,033,000 |
|
- |
|
2,476,000 |
|
- |
|
|
| Loss
from Operations |
(931,000) |
| Interest
expense - third parties |
(1,354,000) |
| Interest
expense - affiliated village corporations |
(2,151,000) |
| Gain
on sale of assets |
1,247,000 |
| Other
income |
26,000 |
|
- |
|
|
| Loss
From Continuing Business Activities |
(3,163,000) |
| Loss
from discontinued subsidiaries (Notes 1 and 3): |
|
| |
Adjustment
for loss estimates |
(244,000) |
|
- |
|
|
| Net
Loss |
(3,407,000) |
|
- |
|
|
| Accumulated
deficit, December 31, 1981 |
(42,865,000) |
|
- |
|
|
| Accumulated
deficit, June 30, 1983 |
$(46,272,000) |
|
- |
|
|
| Loss
per share from continuing business activities |
$(4.99) |
| Loss
per share from discontinued subsidiaries |
(.33) |
|
- |
|
|
| Net
loss per share |
$(5.38) |
|
- |
|
|
| The
accompanying notes are a part of the consolidated financial statements.
|
| |
|
