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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Cash flows from operating activities:    
Net loss $ (664) $ (1,288)
Adjustment to reconcile net loss to net cash provided by (used in) operating activities    
Amortization of loan discount, loan commitment and deferred financing fees 210 209
Deferred income tax benefit   3
Depreciation expense 37 55
Earnings from unconsolidated joint venture, net of distributions 18 44
Stock compensation 32 26
Changes in operating assets and liabilities:    
Purchaser escrow deposits (149) 115
Trade receivables 469 (458)
Real estate inventories 524 2,858
Other assets 550 (518)
Accrued interest 253 144
Accounts payable and accrued liabilities (754) (1,575)
Net cash provided by (used in) operating activities 526 (385)
Cash flows from investing activities:    
Purchase of fixed assets (1)  
Principal received on note receivable 9 10
Collateral for letters of credit (132) (90)
Net cash used in investing activities (124) (80)
Cash flows from financing activities:    
Proceeds from notes payable 5,499 5,209
Payments on notes payable (5,981) (11,175)
Loan financing costs (71)  
Distributions to non-controlling interests (1,908) (1,400)
Taxes paid related to net share settlement of equity awards   (4)
Net cash used in financing activities (2,461) (7,370)
Net decrease in cash and cash equivalents (2,059) (7,835)
Cash and cash equivalents, beginning of period 5,761 12,448
Cash and cash equivalents, end of period 3,702 4,613
Supplemental cash flow information:    
Interest paid, net of interest capitalized 243 (65)
Supplemental disclosure for non-cash activity:    
Seller's note payable 115  
Accrued liability settled through issuance of stock 32 14
Increase in Series B preferred stock value in connection with dividends paid in-kind 24 $ 26
Extinguishment of Series B Preferred Stock $ 1,011