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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities    
Net loss $ (5,071) $ (4,919)
Adjustments to reconcile net loss to net cash used in operating activities    
Income tax benefit (1,643) (1,553)
Depreciation and amortization 5,352 5,221
Minimum return on preferred interests 424 (488)
Gain on extinguishment of debt (757)  
Straight-line rent receivable (282) (480)
Straight-line rent liability (14) 6
Stock-based compensation 144  
Change in fair value of derivatives (211) 704
Bad debt expense 46 165
Write-off of pre-acquisition costs   150
Changes in operating assets and liabilities    
Accounts receivable 653 (617)
Other assets 703 1,109
Receivables due from related parties (18) 22
Accounts payable and accrued liabilities (2,629) (1,109)
Payables due to related parties (6) (11)
Deferred revenues (152) (94)
Net cash used in operating activities (3,461) (1,894)
Cash flows from investing activities    
Acquisitions of real estate, net of cash and restricted cash received 2,377 (1,898)
Capitalized pre-acquisition costs, net of refunds   34
Capital expenditures for real estate (1,882) (1,131)
Net cash provided by (used in) investing activities 495 (2,995)
Cash flows from financing activities    
Borrowings under debt agreements 17,908 5,063
Repayments under debt agreements (12,076) (2,909)
Offering costs   (1)
Taxes remitted upon vesting of restricted stock (21)  
Debt origination and discount fees (675) (63)
Proceeds from related parties 671 1,139
Payments to related parties (488) (1,040)
Net cash provided by financing activities 5,319 2,189
Increase (decrease) in cash, cash equivalents, and restricted cash 2,353 (2,700)
Cash, cash equivalents and restricted cash at beginning of period 9,983 11,595
Cash, cash equivalents and restricted cash at end of period 12,336 8,895
Supplemental Cash Flow Information    
Interest paid 3,648 2,781
Taxes paid, net 2 197
Accrued offering costs 457 457
Accrued capital expenditures for real estate 275  
Accrued acquisition costs 560  
Accrued pre-acquisition costs 91 95
Accrued deferred loan costs 43  
Supplemental disclosure of non-cash investing and financing activities    
Acquisition of real estate (39,552)  
Common shares issued in mergers 8,038  
Debt assumed in mergers 31,514  
Forgiveness of Paycheck Protection Program loan 757  
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 3,072 4,764
Restricted cash 9,264 4,131
Cash, cash equivalents and restricted cash at end of period $ 12,336 $ 8,895