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Condensed Consolidated Statements Of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,364,000) $ 12,000
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 4,956,000 5,551,000
Amortization of deferred financing costs 1,096,000 914,000
Amortizaton of debt discount 38,000 0
Gain on dispositions of assets (2,705,000) (1,662,000)
Stock-based compensation expense 25,000 35,000
Provision for impairment loss 1,398,000 1,723,000
Unrealized loss (gain) on derivative instruments 14,218,000 (4,494,000)
Gain on debt conversion (88,000) 0
Amortization of warrant issuance cost 43,000 43,000
Changes in operating assets and liabilities:    
Increase in assets (2,885,000) (1,096,000)
Increase in liabilities 2,677,000 2,221,000
Net cash provided by operating activities 5,409,000 3,247,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to hotel properties (2,183,000) (5,404,000)
Proceeds from sale of hotel assets 15,911,000 19,767,000
Net cash provided by investing activities 13,728,000 14,363,000
CASH FLOWS FROM FINANCING ACTIVITIES:    
Deferred financing costs (486,000) (428,000)
Principal payments on long-term debt (17,417,000) (26,344,000)
Proceeds from long-term debt 0 2,371,000
Payments on revolving debt (23,072,000) (30,682,000)
Proceeds from revolving debt 21,650,000 39,428,000
Proceeds from common stock issued in rights offering 860,000 0
Rights offering issuance costs (218,000) 0
Dividends paid to preferred shareholders 0 (2,512,000)
Net cash used in financing activities (18,683,000) (18,167,000)
Increase (decrease) in cash and cash equivalents 454,000 (557,000)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 45,000 891,000
CASH AND CASH EQUIVALENTS, END OF PERIOD 499,000 334,000
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid, net of amounts capitalized 5,557,000 6,586,000
SCHEDULE OF NONCASH FINANCING ACTIVITIES    
Dividends declared preferred 0 2,512,000
Unamortized debt discount 113,000 0
Convertible loan embedded derivative (151,000) 0
Debt converted to common stock (2,000,000) 0
Common stock issued on conversion of debt $ 1,950,000 $ 0