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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 26,794,415 $ (9,129,594)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 9,184,815 9,951,685
Amortization of deferred financing costs 800,525 516,814
Amortization of mortgage premium (12,341) (12,341)
Gain on involuntary conversion of assets (51,547) (496,957)
Unrealized gain on hedging activities (1,534,760) (693,367)
Loss on early extinguishment of debt 5,944,881  
Gain on sale of assets (30,053,977)  
Loss on disposal of assets 490,613 17,221
ESOP and stock / unit - based compensation 522,689 525,329
Changes in assets and liabilities:    
Accounts receivable 215,397 (1,011,009)
Prepaid expenses, inventory and other assets (1,390,225) (1,498,515)
Accounts payable and other accrued liabilities (9,794,417) 3,893,338
Advance deposits 338,825 (266,456)
Accounts receivable - affiliate   103,810
Net cash provided by operating activities 1,454,893 1,899,958
Cash flows from investing activities:    
Proceeds from sale of hotel properties 52,403,981  
Improvements and additions to hotel properties (2,598,147) (1,793,222)
Proceeds from insurance conversion 570,179 496,957
Proceeds from sale of assets 34,147  
Net cash provided by (used in) investing activities 50,410,160 (1,296,265)
Cash flows from financing activities:    
Proceeds from mortgage loans 7,777,475  
Payments on mortgage loans (33,621,590) (2,369,650)
Payments on secured notes (20,000,000)  
Payments of deferred financing costs (246,714) (1,860)
Net cash used in financing activities (46,090,829) (2,371,510)
Net increase/(decrease) in cash, cash equivalents and restricted cash 5,774,224 (1,767,817)
Cash, cash equivalents and restricted cash at the beginning of the period 25,578,537 35,300,546
Cash, cash equivalents and restricted cash at the end of the period 31,352,761 33,532,729
Supplemental disclosures:    
Cash paid during the period for interest 14,157,708 10,375,892
Cash paid during the period for income taxes 39,908 20,200
Non-cash investing and financing activities:    
Change in amount of improvements to hotel property in accounts payable and accrued liabilities 144,220 445,430
Sotherly Hotels LP [Member]    
Cash flows from operating activities:    
Net income (loss) 26,794,415 (9,129,594)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 9,184,815 9,951,685
Amortization of deferred financing costs 800,525 516,814
Amortization of mortgage premium (12,341) (12,341)
Gain on involuntary conversion of assets (51,547) (496,957)
Unrealized gain on hedging activities (1,534,760) (693,367)
Loss on early extinguishment of debt 5,944,881  
Gain on sale of assets (30,053,977)  
Loss on disposal of assets 490,613 17,221
ESOP and stock / unit - based compensation 420,906 411,964
Changes in assets and liabilities:    
Accounts receivable 215,397 (1,011,009)
Prepaid expenses, inventory and other assets (1,390,225) (1,498,515)
Accounts payable and other accrued liabilities (9,794,417) 3,893,338
Advance deposits 338,825 (266,456)
Accounts receivable - affiliate   103,810
Net cash provided by operating activities 1,353,110 (1,786,593)
Cash flows from investing activities:    
Proceeds from sale of hotel properties 52,403,981  
Improvements and additions to hotel properties (2,598,147) (1,793,222)
ESOP loan payments received 101,783 113,365
Proceeds from insurance conversion 570,179 496,957
Proceeds from sale of assets 34,147  
Net cash provided by (used in) investing activities 50,511,943 (1,182,900)
Cash flows from financing activities:    
Proceeds from mortgage loans 7,777,475  
Payments on mortgage loans (33,621,590) (2,369,650)
Payments on secured notes (20,000,000)  
Payments of deferred financing costs (246,714) (1,860)
Net cash used in financing activities (46,090,829) (2,371,510)
Net increase/(decrease) in cash, cash equivalents and restricted cash 5,774,224 (1,767,817)
Cash, cash equivalents and restricted cash at the beginning of the period 25,578,537 35,300,546
Cash, cash equivalents and restricted cash at the end of the period 31,352,761 33,532,729
Supplemental disclosures:    
Cash paid during the period for interest 14,123,048 10,206,965
Cash paid during the period for income taxes 39,908 20,200
Non-cash investing and financing activities:    
Change in amount of improvements to hotel property in accounts payable and accrued liabilities $ 144,220 $ 445,430