v3.26.3
Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2025
Dec. 31, 2024
ASSETS    
Cash and cash equivalents $ 146 $ 146
Total assets 4,196 4,196
Liabilities:    
Convertible notes payable 198 198
Total liabilities 1,026 1,003
Commitments and Contingencies  
Shareholders' Equity:    
Additional paid-in capital 28,755 28,755
Accumulated deficit (24,796) (24,773)
Treasury stock, at cost, 38,130 shares (801) (801)
Total shareholders' equity 3,170 3,193
Total liabilities and shareholders' equity 4,196 4,196
Series A Preferred Stock [Member]    
Shareholders' Equity:    
Preferred Stock 3 3
Series C Preferred Stock [Member]    
Shareholders' Equity:    
Preferred Stock 2 2
Common Shares - $0.01 par value, 400,000,000 authorized: 695,214 shares issued and 657,084 outstanding at March 31, 2025 and December 31, 2024 7 7
Related Party [Member]    
ASSETS    
Receivable from Pillarstone Capital REIT Operating Partnership LP, related party 4,050 4,050
Liabilities:    
Payable due to related party 22 22
Convertible notes payable [1] 99 150
Accrued interest payable [1] 93 141
Nonrelated Party [Member]    
Liabilities:    
Accounts payable and accrued expenses 621 604
Accrued interest payable $ 185 $ 179
[1] Mr. Paul Lambert served as a trustee from November 1998 until his death in November 2024. He is no longer reported as a related party in 2025.