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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss $ (10,744) $ (9,524)
Adjustments to reconcile net loss to net cash used in operating activities    
Deferred income tax benefit (3,533) (3,033)
Depreciation and amortization 13,343 10,442
Minimum return on basis preferred interest (335) (982)
Gain on extinguishment of debt (1,528)  
Straight-line rent receivable (512) (855)
Straight-line rent liability (29) 9
Stock-based compensation 642  
Change in fair value of derivatives (353) 639
Bad debt expense 34 320
Write-off of pre-acquisition costs 73 150
Changes in operating assets and liabilities    
Accounts receivable 822 (662)
Other assets 221 712
Receivables due from related parties (185) 13
Accounts payable and accrued liabilities (3,545) 456
Payables due to related parties (14) (12)
Deferred revenues 57 (91)
Net cash used in operating activities (5,586) (2,418)
Cash flows from investing activities    
Acquisitions of real estate, net of cash and restricted cash received (16,945) (2,044)
Capitalized pre-acquisition costs, net of refunds (196) 120
Capital expenditures for real estate (3,094) (4,323)
Net cash used in investing activities (20,235) (6,247)
Cash flows from financing activities    
Borrowings under debt agreements 41,461 10,539
Repayments under debt agreements (14,221) (3,308)
Offering costs   (1)
Taxes remitted upon vesting of restricted stock (33)  
Debt origination and discount fees (1,123) (103)
Proceeds from related parties 1,301 1,149
Payments to related parties (523) (1,223)
Net cash provided by financing activities 26,862 7,053
Increase (decrease) in cash, cash equivalents, and restricted cash 1,041 (1,612)
Cash, cash equivalents and restricted cash at beginning of period 9,983 11,595
Cash, cash equivalents and restricted cash at end of period 11,024 9,983
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 2,786 4,105
Restricted cash 8,238 5,878
Cash, cash equivalents and restricted cash at end of period 11,024 9,983
Supplemental Cash Flow Information    
Interest paid 8,473 5,995
Taxes (refunded) paid, net (159) 323
Accrued acquisition costs 870  
Accrued offering costs 457 457
Accrued pre-acquisition costs 4 119
Accrued capital expenditures for real estate 229 10
Supplemental disclosure of non-cash investing and financing activities    
Forgiveness of Paycheck Protection Program loan 1,530  
Acquisition of real estate (46,406) (4,101)
Common shares issued in Mergers 14,892 1,583
Debt assumed in Mergers $ 31,514 $ 2,518