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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss available to common stockholders $ (681) $ (1,838)
Adjustments to reconcile net loss available to common stockholders to net cash used in operating activities:    
Depreciation and amortization 124 104
Amortization of deferred finance costs 82 2
Stock-based compensation expense 309 965
Deferred rents receivable (44) (151)
Reduction of claims liability 0 (135)
Equity in net loss from unconsolidated joint venture 271 0
Distribution of cumulative earnings from unconsolidated joint venture 62 0
(Increase) decrease in operating assets:    
Restricted cash, net (700) 0
Receivables, net 112 (94)
Prepaid expenses and other assets, net (186) 101
Decrease in operating liabilities:    
Accounts payable and accrued expenses (1,258) (2,189)
Pension liabilities (203) (203)
Obligation to former Majority Shareholder 0 (6,931)
Net cash used in operating activities (2,112) (10,369)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to real estate (1,725) (2,243)
Investment in unconsolidated joint venture (70) 0
Net cash used in investing activities (1,795) (2,243)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Settlement of stock awards (693) (276)
Proceeds from sale of common stock, net 26,601 0
Net cash provided by (used in) financing activities 25,908 (276)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 22,001 (12,888)
CASH AND CASH EQUIVALENTS, BEGINNING OF PERIOD 4,678 38,173
CASH AND CASH EQUIVALENTS, END OF PERIOD 26,679 25,285
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid during the period for: Interest 564 476
Cash paid during the period for: Taxes 0 38
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Adjustment to retained earnings for capitalized stock-based compensation expense 0 (542)
Accrued development costs included in accounts payable and accrued expenses 1,279 1,968
Capitalized amortization of deferred financing costs 14 85
Stock Compensation Plan [Member]    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Adjustment of liability related to stock-based compensation 0 (5,140)
Real Estate [Member]    
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Capitalized stock-based compensation expense $ 667 $ 2,166