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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
OPERATING ACTIVITIES    
Net Loss $ (7,717) $ (13,743)
Adjustments to reconcile net loss to net cash used in operating activities:    
Impairment of Real Estate Owned 0 3,676
Non-cash Recovery of Investment in Unconsolidated Entities 0 (3,064)
Non-cash Recovery of Real Estate Owned 0 (6,824)
Non-cash Recovery of Mortgage Loans 0 (289)
Equity Loss from Unconsolidated Entities 236 0
Other Non-cash Provision for (Recovery of) Credit Losses 785 (291)
Stock-Based Compensation and Option Amortization   1,027
Loss (Gain) on Disposal of Assets (10,997) 306
Amortization of Deferred Financing Costs 1,965 2,553
Depreciation and Amortization Expense 4,040 2,727
Accretion of Discount on Note Payable 721 622
Changes in operating assets and liabilities:    
Accrued Interest Receivable (12) (555)
Other Receivables (852) 927
Other Assets 199 1,582
Accrued Property Taxes 61 (504)
Accounts Payable and Accrued Expenses 503 (576)
Customer Deposits and Funds Held for Others 625 321
Accrued Interest Payable 141 (981)
Funds Held by Lender and Restricted Cash (49) (1,597)
Total adjustments, net (1,832) (940)
Net cash used in operating activities (9,549) (14,683)
INVESTING ACTIVITIES    
Proceeds from Sales of Mortgage Loans 3,380 24,674
Proceeds from Sale of Real Estate Owned, Operating Properties and Other Assets 44,579 19,452
Purchases of Property and Equipment (21) (29)
Mortgage Loan Repayments 7,632 3,017
Investment in Joint Venture (221) (3,473)
Investment in Real Estate Owned (11,929) (30,150)
Increase (Decrease) in Funds Held by Lender and Restricted Cash 1,351 (1,138)
Net cash provided by investing activities 44,771 12,353
FINANCING ACTIVITIES    
Proceeds from Notes Payable 9,212 100,979
Debt Issuance Costs Paid (878) (3,133)
Decrease in Restricted Cash 0 1,767
Repayments of Notes Payable (36,934) (91,081)
Repayments of Capital Leases (19) (24)
Dividends Paid (2,146) (2,140)
Contributions from (Distributions to) Noncontrolling Interests (611) 1,650
Net cash provided by (used in) financing activities (31,376) 8,018
NET INCREASE IN CASH AND CASH EQUIVALENTS 3,846 5,688
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 7,603 1,915
CASH AND CASH EQUIVALENTS, END OF PERIOD 11,449 7,603
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 7,806 6,154
Cash paid for taxes 7 84
Real Estate Acquired Through Guarantor Settlement 0 6,824
Capital Expenditures in Accounts Payable and Accrued Expenses 375 3,882
Investment in Unconsolidated Entities Acquired Through Guarantor Settlement 0 3,064
Real Estate Acquired Through Seller Financing 0 5,940
Seller Financing provided for Asset Sales 0 14,148
Non-Cash Other Receivable- Tax Increment Financing (See Note 4) 2,684 0
Business Subsidy Loan Forgiveness (See Note 4) 858 0
Economic Development Assistance Advances (See Note 4) 576 0
Liabilities Assumed in Sale of property 261 0
Increase in non-controlling interests through profit participation $ 676 $ 0