v3.20.1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net (Loss) Income $ (1,877) $ 655
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation 2,938 3,187
Amortization 1,861 2,629
Loan cost amortization 310 392
Above (below) market lease amortization, net (273) (226)
Straight-line expense 46 47
Share-based compensation 0 90
Loss (gain) on disposal of properties 26 (1,839)
Credit losses on operating lease receivables 154 90
Impairment of assets held for sale 600 0
Net changes in assets and liabilities:    
Rent and other tenant receivables, net 639 251
Unbilled rent 11 (155)
Deferred costs and other assets, net (1,163) (625)
Accounts payable, accrued expenses and other liabilities (49) (1,797)
Net operating cash flows used in discontinued operations 0 (2)
Net cash provided by operating activities 3,223 2,697
CASH FLOWS FROM INVESTING ACTIVITIES:    
Capital expenditures (326) (285)
Cash received from disposal of properties 1,665 3,584
Cash received from disposal of properties-discontinued operations 0 19
Net cash provided by investing activities 1,339 3,318
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for deferred financing costs (326) (28)
Loan proceeds 13,350 0
Loan principal payments (15,939) (5,381)
Net cash used in financing activities (2,915) (5,409)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,647 606
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 21,591 17,999
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 23,238 18,605
Non-Cash Transactions:    
Accretion of preferred stock discounts 170 170
Other Cash Transactions:    
Cash paid for interest 4,100 4,430
Cash, cash equivalents, and restricted cash $ 23,238 $ 18,605

Source