|
Consolidated Statement of Operations and Deficit
|
| For
the period ending June 30, 1984 |
|
|
- |
|
|
|
Revenues
|
|
| |
Investment
Income |
$ |
162,000 |
| |
Rentals |
277,000 |
| |
Natural
Resources |
42,000 |
|
- |
|
|
|
- |
|
481,000 |
|
- |
|
|
| Expenses |
|
| |
Direct
rental costs |
112,000 |
| |
General
and administrative |
1,344,000 |
|
- |
|
1,456,000 |
|
- |
|
|
| Loss
from Operations |
(975,000) |
| Interest
expense - third parties |
(689,000) |
| Interest
expense - affiliated village corporations |
(1,625,000) |
| Loss
on sale of assets |
(663,000) |
| Other
income |
26,000 |
|
- |
|
|
| Loss
From Continuing Business Activities |
(3.930,000) |
| Loss
from discontinued subsidiaries (Notes 1 and 3): |
|
| |
Adjustment
for loss estimates |
(140,000) |
|
- |
|
|
| Net
Loss |
(4,070,000) |
|
- |
|
|
| Accumulated
deficit, June 30, 1983 |
(46,272,000) |
|
- |
|
|
| Accumulated
deficit, June 30, 1984 |
$(50,342,000) |
|
- |
|
|
| Loss
per share from continuing business activities |
$(6.21) |
| Loss
per share from discontinued subsidiaries |
(.22) |
|
- |
|
|
| Net
loss per share |
$(6.43) |
|
- |
|
|
| The
accompanying notes are a part of the consolidated financial statements.
|
| |
|
