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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities:    
Net loss $ (7,775) $ (8,592)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation and amortization 2,520 3,591
Amortization of deferred financing costs 171 253
Accretion of below- and amortization of above-market lease liabilities and assets, net (18) (124)
Equity-based compensation 91 92
Changes in assets and liabilities:    
Straight-line rent receivable (163) 120
Straight-line rent payable 0 27
Prepaid expenses, other assets and deferred costs 238 857
Accounts payable, accrued expenses and other liabilities 4,784 419
Deferred revenue (30) 320
Net cash used in operating activities (182) (3,037)
Cash flows from investing activities:    
Capital expenditures (101) (72)
Net cash used in investing activities (101) (72)
Cash flows from financing activities:    
Proceeds from notes payable to related parties 1,050 0
Payments on mortgage note payable (650) 0
Net cash provided by financing activities 400 0
Net change in cash, cash equivalents and restricted cash 117 (3,109)
Cash, cash equivalents and restricted cash, beginning of period 8,047 18,935
Cash, cash equivalents and restricted cash, end of period 8,164 15,826
Cash and cash equivalents 2,500 7,083
Restricted cash 5,664 8,743
Cash and cash equivalents and restricted cash 8,164 15,826
Supplemental Disclosures:    
Cash paid for interest 3,208 3,319
Non-Cash Investing and Financing Activities:    
Net change in accrued capital expenditures for the period 79 8
Accrued interest associated with property in receivership 2,254 0
Contract asset $ (2,254) $ 0