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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss attributable to common stockholders [1] $ (5,131) $ (7,419)  
Adjustments to reconcile net loss attributable to common stockholders to net cash used in operating activities:      
Depreciation and amortization and amortization of deferred finance costs [1] 1,439 1,261  
Stock-based compensation expense [1] 123 133  
Deferred rents receivable [1] (4) (12)  
Other non-cash adjustments - pension expense [1] 119 119  
Unrealized loss on warrants [1] 369 1,977 [2]  
Equity in net (income) loss from unconsolidated joint ventures [1] (746) 372 [2]  
Distributions from unconsolidated joint ventures [1] 168 194  
Decrease (increase) in operating assets:      
Residential condominium units for sale [1] 3,548 (11,672)  
Receivables [1] 24 47  
Prepaid expenses and other assets, net [1] (1,008) (371)  
Increase in operating liabilities:      
Accounts payable and accrued expenses [1] 1,474 1,294  
Net cash used in operating activities [1] 375 (14,077)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to real estate [1] (64) (53)  
Net cash provided by (used in) investing activities [1] (64) (53)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from loans and corporate credit facility [1] 2,390 8,980  
Proceeds from secured line of credit [1]   1,200  
Payment of finance costs [1]   (21)  
Repayment of loans [1] (11,642)    
Settlement of stock awards [1] (291) (370)  
Net cash (used in) provided by financing activities [1] (9,543) 9,789  
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (9,232) [1] (4,341) [1] $ (9,232)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 24,845 16,069 16,069
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] 15,613 11,728 24,845
CASH AND CASH EQUIVALENTS, BEGINNING PERIOD [1] 4,310 6,515 6,515
RESTRICTED CASH, BEGINNING OF PERIOD [1] 20,535 9,554 9,554
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, BEGINNING OF PERIOD [1] 24,845 16,069 16,069
CASH AND CASH EQUIVALENTS, END OF PERIOD [1] 1,381 5,034 4,310
RESTRICTED CASH, END OF PERIOD [1] 14,232 6,694 20,535
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH, END OF PERIOD [1] 15,613 11,728 $ 24,845
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:      
Cash paid during the period for: Interest [1] 3,050 4,130  
Cash paid during the period for: Taxes [1] 66 46  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Capitalized amortization of deferred financing costs and warrants [1] 583 692  
Capitalized stock-based compensation expense [1] $ 18 $ 37  
[1] Amounts are Restated. See Note 3 for more information.
[2] Amounts are Revised. See Note 3 for more information.