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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities    
Net loss $ (7,113) $ (6,821)
Adjustments to reconcile net loss to net cash used in operating activities    
Income tax benefit (2,316) (2,194)
Depreciation and amortization 9,006 7,850
Minimum return on preferred interests 45 (735)
Gain on extinguishment of debt (1,530)  
Straight-line rent receivable (291) (859)
Straight-line rent liability (22) 14
Stock-based compensation 220  
Change in fair value of derivatives (261) 701
Bad debt expense 15 210
Write-off of pre-acquisition costs   150
Changes in operating assets and liabilities, net of acquisitions    
Accounts receivable 479 (1,087)
Other assets (110) 131
Receivables due from related parties (19) 14
Accounts payable and accrued liabilities (1,871) (1,035)
Payables due to related parties (6) (12)
Deferred revenues (220) (102)
Net cash used in operating activities (3,994) (3,775)
Cash flows from investing activities    
Acquisitions of real estate, net of cash and restricted cash received 2,470 (2,044)
Capitalized pre-acquisition costs, net of refunds   120
Capital expenditures for real estate (2,067) (2,357)
Net cash provided by (used in) investing activities 403 (4,281)
Cash flows from financing activities    
Borrowings under debt agreements 17,960 5,966
Repayments under debt agreements (12,734) (3,087)
Offering costs   (1)
Taxes remitted upon vesting of restricted stock (21)  
Debt origination and discount fees (731) (95)
Proceeds from related parties 671 1,139
Payments to related parties (523) (1,223)
Net cash provided by financing activities 4,622 2,699
Increase (decrease) in cash, cash equivalents, and restricted cash 1,031 (5,357)
Cash, cash equivalents and restricted cash at beginning of period 9,983 11,595
Cash, cash equivalents and restricted cash at end of period 11,014 6,238
Supplemental Cash Flow Information    
Interest paid 6,029 4,290
Taxes paid, net of refunds (171) 322
Accrued acquisition costs 560  
Accrued offering costs 457 457
Accrued capital expenditures for real estate 346  
Accrued pre-acquisition costs 91 108
Supplemental disclosure of non-cash investing and financing activities    
Acquisition of real estate and other net assets (39,552) (4,101)
Common shares issued in mergers 8,038 1,583
Debt assumed in mergers 31,514 2,518
Forgiveness of Paycheck Protection Program loan 1,530  
Reconciliation of cash and cash equivalents and restricted cash:    
Cash and cash equivalents 2,388 3,405
Restricted cash 8,626 2,833
Cash, cash equivalents and restricted cash at end of period $ 11,014 $ 6,238