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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Net income from operations $ 2,984 $ 432
Adjustments to reconcile net income from operations to net cash flows from operating activities:    
Depreciation expense 11 2
Accretion income on notes receivable 0 (104)
Stock compensation expense 64 63
Paid in kind interest on subordinated note receivable 0 (25)
Bargain purchase gain on acquisition of subsidiary (17) 0
Gain on remeasurement of equity interest (3,327) 0
Gain on settlement of subordinated note receivable 0 (1,326)
Gain on extinguishment of debt (545) 0
Impairment loss on subordinated note receivable 609 527
Dividends on HC Realty common stock 123 123
Loss from affiliate 199 301
Changes in assets and liabilities:    
Prepaid expenses and other current assets (16) 13
Accounts receivable 45 0
Interest and dividends receivables 0 (209)
Income tax receivable 488 247
Deferred tax assets and other assets (35) 232
Accounts payable 79 5
Commissions payable 15 0
Escrow liabilities (3,036) 0
Reserve for title claims 22 0
Other accrued expenses (398) (65)
Other long-term liabilities (2) (12)
Net cash (used in) provided by operations (2,737) 204
Cash flows from investing activities:    
Purchase of property, plant, and equipment 0 (3)
Investment in affiliate 0 (8,250)
Investment in subsidiaries, net of cash acquired 9,223 0
Principal payments received on loan to affiliate 0 2,000
Principal payments received on subordinated secured notes receivable 170 2,062
Net cash provided by (used in) investing activities 9,393 (4,191)
Cash flows from financing activities:    
Issuance of common stock 0 12,675
Redemption of fractional shares from stock split (2) 0
Net cash (used in) provided by investing activities (2) 12,675
Net increase in cash and restricted cash 6,654 8,688
Cash and restricted cash at beginning of period 11,630 2,800
Cash and restricted cash at end of period 18,284 11,488
Cash 11,791 11,255
Restricted cash 6,493 233
Cash and restricted cash 18,284 11,488
Supplemental Non-Cash Disclosures:    
Dividends on investment in affiliate 256 256
Extinguishment of debt $ 545 $ 0