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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net loss $ (1,942) $ (2,436)
Adjustments to reconcile net loss to net cash used in operating activities    
Income tax benefit (624) (769)
Depreciation and amortization 2,455 2,595
Minimum return on basis preferred interest (242) (244)
Gain on extinguishment of debt (757)  
Straight-line rent receivable 6 (149)
Straight-line rent liability (4) (2)
Stock-based compensation 21  
Change in fair value of derivatives (191) 635
Bad debt expense 55 141
Changes in operating assets and liabilities    
Accounts receivable 107 (413)
Other assets 233 797
Receivables due from related parties (4) 24
Accounts payable and accrued liabilities (1,058) (1,404)
Payables due to related parties   (11)
Deferred revenues (1) (150)
Net cash used in operating activities (1,946) (1,386)
Cash flows from investing activities    
Acquisitions of real estate   (1,898)
Capitalized pre-acquisition costs, net   (5)
Capital expenditures for real estate (1,148) (373)
Net cash used in investing activities (1,148) (2,276)
Cash flows from financing activities    
Borrowings under debt agreements 13,469 1,436
Repayments under debt agreements (9,372) (2,887)
Offering costs   (1)
Debt origination and discount fees (330) (63)
Proceeds from related parties 487 489
Payments to related parties (2) (205)
Net cash provided by (used in) financing activities 4,252 (1,231)
Increase (decrease) in cash, cash equivalents, and restricted cash 1,158 (4,893)
Cash, cash equivalents and restricted cash at beginning of period 9,983 11,595
Cash, cash equivalents and restricted cash at end of period 11,141 6,702
Supplemental Cash Flow Information    
Interest paid 1,887 1,615
Taxes paid, net   197
Accrued offering costs 457 457
Accrued capital expenditures for real estate 192  
Accrued pre-acquisition costs 133 106
Accrued deferred loan costs 12  
Supplemental disclosure of non-cash financing activities    
Forgiveness of Paycheck Protection Program loan 757  
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 2,744 4,809
Restricted cash 8,397 1,893
Cash, cash equivalents and restricted cash at end of period $ 11,141 $ 6,702