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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 28,766,978 $ (11,657,814)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 13,889,621 14,956,888
Amortization of deferred financing costs 923,777 773,060
Amortization of mortgage premium (18,511) (18,511)
Gain on involuntary conversion of assets (1,473,842) (507,739)
Unrealized gain on hedging activities (2,992,311) (955,560)
Loss on early extinguishment of debt 5,944,881  
Gain on sale of assets (30,053,977)  
Loss (gain) on disposal of assets 491,828 (159,079)
ESOP and stock / unit - based compensation 895,945 565,061
Changes in assets and liabilities:    
Accounts receivable 764,318 (1,731,799)
Prepaid expenses, inventory and other assets (580,056) (908,306)
Accounts payable and other accrued liabilities (12,876,519) 3,768,633
Advance deposits 525,840 (356,503)
Accounts receivable - affiliate   269,407
Net cash provided by operating activities 4,207,972 4,037,738
Cash flows from investing activities:    
Proceeds from sale of hotel properties 52,403,981  
Improvements and additions to hotel properties (4,809,289) (2,314,102)
Proceeds from involuntary conversion 1,677,444 507,739
Proceeds from sale of assets 32,932 200,500
Net cash provided by (used in) investing activities 49,305,068 (1,605,863)
Cash flows from financing activities:    
Proceeds from mortgage loans 7,777,475  
Payments on mortgage loans (36,548,807) (4,195,636)
Payments on secured notes (20,000,000)  
Payments on unsecured notes (55,689) (677,457)
Payments of deferred financing costs (246,714) (84,561)
Net cash used in financing activities (49,073,735) (4,957,654)
Net increase/(decrease) in cash, cash equivalents and restricted cash 4,439,305 (2,525,779)
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 30,017,842 32,774,767
Supplemental disclosures:    
Cash paid during the period for interest 20,046,224 16,525,596
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 959,859 303,139
Sotherly Hotels LP [Member]    
Cash flows from operating activities:    
Net income (loss) 28,766,978 (11,657,814)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 13,889,621 14,956,888
Amortization of deferred financing costs 923,777 773,060
Amortization of mortgage premium (18,511) (18,511)
Gain on involuntary conversion of assets (1,473,842) (507,739)
Unrealized gain on hedging activities (2,992,311) (955,560)
Loss on early extinguishment of debt 5,944,881  
Gain on sale of assets (30,053,977)  
Loss (gain) on disposal of assets 491,828 159,079
ESOP and stock / unit - based compensation 751,223 404,774
Changes in assets and liabilities:    
Accounts receivable 764,318 (1,731,799)
Prepaid expenses, inventory and other assets (580,056) (908,306)
Accounts payable and other accrued liabilities (12,876,519) 3,768,633
Advance deposits 525,840 (356,503)
Accounts receivable - affiliate   269,407
Net cash provided by operating activities 4,063,250 3,877,451
Cash flows from investing activities:    
Proceeds from sale of hotel properties 52,403,981  
Improvements and additions to hotel properties (4,809,289) (2,314,102)
ESOP loan payments received 144,722 160,287
Proceeds from involuntary conversion 1,677,444 507,739
Proceeds from sale of assets 32,932 200,500
Net cash provided by (used in) investing activities 49,449,790 (1,445,576)
Cash flows from financing activities:    
Proceeds from mortgage loans 7,777,475  
Payments on mortgage loans (36,548,807) (4,195,636)
Payments on secured notes (20,000,000)  
Payments on unsecured notes (55,689) (677,457)
Payments of deferred financing costs (246,714) (84,561)
Net cash used in financing activities (49,073,735) (4,957,654)
Net increase/(decrease) in cash, cash equivalents and restricted cash 4,439,305 (2,525,779)
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 30,017,842 32,774,767
Supplemental disclosures:    
Cash paid during the period for interest 19,942,876 16,299,868
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 $ 959,859 $ 303,139