v3.26.1
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
ASSETS (a)    
Property $ 58,311 $ 57,638
Accumulated depreciation (11,171) (10,412)
Total real estate assets 47,140 47,226
Cash and cash equivalents 3,328 5,151
Escrows and utility deposits 1,843 1,419
Accrued rents and accounts receivable, net of allowance for doubtful accounts 826 1,015
Unamortized lease commissions and deferred legal cost, net 280 295
Prepaid expenses and other assets 484 137
Total assets 54,165 55,507
Liabilities:    
Notes Payable Excluding Convertible Notes Payable 14,861 14,642
Convertible notes payable 198 198
Accrued interest payable 154 203
Tenants' security deposits 782 751
Total liabilities 18,043 17,716
Commitments and Contingencies  
Equity:    
Common Shares - $0.01 par value, 400,000,000 authorized: 695,214 shares issued and 657,084 outstanding at June 30, 2023 and December 31, 2022 7 7
Additional paid-in capital 28,493 28,493
Accumulated deficit (23,691) (23,442)
Treasury stock, at cost, 38,130 shares (801) (801)
Total Pillarstone Capital REIT shareholders' equity 4,013 4,262
Noncontrolling interest in subsidiary 32,109 33,529
Total equity 36,122 37,791
Total liabilities and equity 54,165 55,507
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 826 1,015
Liabilities:    
Accounts payable and accrued expenses 2,048 1,922
Related Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 264 264
Liabilities:    
Convertible notes payable 150 150
Accrued interest payable 114 107
Variable Interest Entity, Not Primary Beneficiary [Member]    
ASSETS (a)    
Property 58,308 57,635
Accumulated depreciation (11,168) (10,409)
Total real estate assets 47,140 47,226
Cash and cash equivalents 3,193 5,127
Escrows and utility deposits 1,843 1,419
Unamortized lease commissions and deferred legal cost, net 280 295
Prepaid expenses and other assets 448 65
Total assets 53,952 55,423
Liabilities:    
Accrued interest payable 4 63
Tenants' security deposits 782 751
Total liabilities 17,405 16,981
Notes payable 14,861 14,642
Variable Interest Entity, Not Primary Beneficiary [Member] | Nonrelated Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts 826 1,027
Liabilities:    
Accounts payable and accrued expenses 1,758 1,525
Variable Interest Entity, Not Primary Beneficiary [Member] | Related Party [Member]    
ASSETS (a)    
Accrued rents and accounts receivable, net of allowance for doubtful accounts $ 222 $ 264