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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
OPERATING ACTIVITIES    
Net loss $ (6,176) $ (1,096)
Adjustments to reconcile net loss to net cash used in operating activities:    
Income (loss) allocated to non-controlling interest (115) 734
Equity method loss from unconsolidated entities, net 171
Stock-based compensation and option amortization 175 429
Stock-based compensation related to purchase of treasury stock 116
Gain on disposal assets (395) (8,506)
Amortization of deferred financing costs 81 447
Depreciation and amortization expense 644 371
Accretion of mortgage income (258) 397
Accretion of discount on notes payable 446 (228)
Non-cash interest expense funded by loan draw 541
Changes in operating assets and liabilities    
Accrued interest receivable (12) (83)
Other receivables (68) (211)
Other assets (411) 608
Accrued property taxes 37 (191)
Accounts payable and accrued expenses (2,774) (2,109)
Customer deposits and funds held for others 317 1,497
Accrued interest 230 (401)
Total adjustments, net (1,562) (6,959)
Net cash used in operating activities (7,738) (8,055)
INVESTING ACTIVITIES    
Proceeds from sale of real estate owned, operating properties, and other assets 526 97,052
Purchase of property and equipment (24) (260)
Mortgage loan investment and funding (2,920) (7,000)
Investment in unconsolidated entities (1,810)
Investment in real estate owned and other operating properties (3,157) (1,069)
Net cash provided by (used in) investing activities (5,575) 86,913
FINANCING ACTIVITIES    
Proceeds from issuance of preferred equity 30,000
Equity issuance costs paid (387)
Purchase of interest rate cap (548)
Debt issuance costs paid (100)
Repayments of notes payable (50,257)
Repayments of capital leases (2)
Dividends paid (1,998) (1,066)
Purchase of treasury stock (338)
Distributions to noncontrolling interests (9)
Net cash provided by (used in) financing activities 31,787 (51,772)
NET INCREASE IN CASH, CASH EQUIVALENTS, AND RESTRICTED CASH 18,474 27,086
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT BEGINNING OF PERIOD 11,932 13,689
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH AT END OF PERIOD 30,406 40,775
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF DISCONTINUED OPERATIONS 425
CASH, CASH EQUIVALENTS, AND RESTRICTED CASH OF CONTINUING OPERATIONS, END OF PERIOD 30,406 40,775
SUPPLEMENTAL CASH FLOW INFORMATION    
Cash paid for interest 204 1,500
Cash paid for taxes 5
Non-Cash Investing and Financing Transactions    
Capital expenditures in accounts payables and accrued expenses 287 446
Decrease in non-controlling interest through profit participation (1,537)
Non-cash recovery of credit losses (228)
Capital lease and other liabilities assumed by buyer in sale of property 4,187
Hotel Fund [Member]    
FINANCING ACTIVITIES    
Distributions to noncontrolling interests (100)
Contributions from Hotel Fund investors $ 4,820