v3.25.2
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
ASSETS (a)    
Property $ 57,281 $ 57,027
Accumulated depreciation (9,797) (8,754)
Total real estate assets 47,484 48,273
Cash and cash equivalents 5,302 5,206
Escrows and utility deposits 1,928 1,243
Accrued rents and accounts receivable, net of allowance for doubtful accounts 950 1,260
Unamortized lease commissions and deferred legal cost, net 368 464
Prepaid expenses and other assets 133 126
Total assets 56,429 57,583
Accrued interest payable 136 185
Tenants' security deposits 779 827
Total liabilities 18,342 18,667
Liabilities:    
Notes payable 14,757 14,920
Convertible notes payable 198 198
Accrued interest payable 136 185
Tenants' security deposits 779 827
Total liabilities 18,342 18,667
Commitments and contingencies:
Equity:    
Common Shares - $0.01 par value, 400,000,000 authorized: 695,214 shares issued and 657,084 outstanding at September 30, 2022 and December 31, 2021 7 7
Additional paid-in capital 28,493 28,493
Accumulated deficit (23,328) (23,882)
Treasury stock, at cost, 38,130 shares (801) (801)
Total Pillarstone Capital REIT shareholders' equity 4,376 3,822
Noncontrolling interest in subsidiary 33,711 35,094
Total equity 38,087 38,916
Total liabilities and equity 56,429 57,583
Series A Preferred Stock [Member]    
Equity:    
Preferred stock 3 3
Series C Preferred Stock [Member]    
Equity:    
Preferred stock 2 2
Nonrelated Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 950 1,260
Accounts payable and accrued expenses 2,472 1,691
Liabilities:    
Accounts payable and accrued expenses 2,472 1,691
Related Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 264 1,011
Accounts payable and accrued expenses 0 846
Accrued interest payable 103 92
Liabilities:    
Accounts payable and accrued expenses 0 846
Convertible notes payable 150 150
Accrued interest payable 103 92
Variable Interest Entity, Not Primary Beneficiary [Member]    
ASSETS (a)    
Property 57,278 57,023
Accumulated depreciation (9,794) (8,751)
Total real estate assets 47,484 48,272
Cash and cash equivalents 5,079 4,900
Escrows and utility deposits 1,928 1,243
Unamortized lease commissions and deferred legal cost, net 368 464
Prepaid expenses and other assets 129 33
Total assets 56,203 57,027
Notes payable 14,757 14,920
Accrued interest payable 0 64
Tenants' security deposits 779 827
Total liabilities 17,330 18,121
Liabilities:    
Accrued interest payable 0 64
Tenants' security deposits 779 827
Total liabilities 17,330 18,121
Variable Interest Entity, Not Primary Beneficiary [Member] | Nonrelated Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 952 1,104
Accounts payable and accrued expenses 1,794 1,483
Liabilities:    
Accounts payable and accrued expenses 1,794 1,483
Variable Interest Entity, Not Primary Beneficiary [Member] | Related Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 263 1,011
Accounts payable and accrued expenses 0 827
Liabilities:    
Accounts payable and accrued expenses $ 0 $ 827