XML 16 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Rental income $ 4,816 $ 3,645 $ 8,754 $ 7,791
Total revenues 5,698 4,185 10,616 9,309
Operating Expenses        
Cost of services 446 140 789 589
Depreciation and amortization 2,676 2,499 4,989 4,981
Property operating 1,197 907 2,447 1,858
Bad debt expense (recoveries) (9) 24 46 165
General and administrative 2,477 2,037 5,063 4,155
Total operating expenses 6,787 5,607 13,334 11,748
Operating loss (1,089) (1,422) (2,718) (2,439)
Other income (expense)        
Interest and other income 7 1 7 48
Derivative fair value adjustment 20 (69) 211 (704)
Interest expense (3,081) (1,611) (4,959) (3,191)
Gain on extinguishment of debt     757  
Other expense (5) (166) (12) (186)
Total other income (expense) (3,059) (1,845) (3,996) (4,033)
Income tax benefit 1,019 784 1,643 1,553
Net loss (3,129) (2,483) (5,071) (4,919)
Plus: Net loss attributable to noncontrolling interest 399 369 664 730
Net loss attributable to common stockholders $ (2,730) $ (2,114) $ (4,407) $ (4,189)
Net loss attributable to common stockholders per share        
Basic and diluted $ (0.11) $ (0.10) $ (0.19) $ (0.19)
Weighted average shares outstanding        
Basic and diluted 24,831,316 21,587,336 23,657,916 21,587,336
Commissions [Member]        
Revenues        
Revenues $ 571 $ 224 $ 1,206 $ 834
Management and Other Fees [Member]        
Revenues        
Revenues $ 311 $ 316 $ 656 $ 684