v3.20.2
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Loss $ (1,609) $ (6,508)
Adjustments to reconcile consolidated net loss to net cash provided by operating activities:    
Depreciation 5,800 6,067
Amortization 3,445 5,036
Loan cost amortization 562 927
Above (below) market lease amortization, net (373) (420)
Straight-line expense 92 93
Share-based compensation 0 172
Loss (gain) on disposal of properties 26 (1,508)
Credit losses on operating lease receivables 585 200
Impairment of notes receivable 0 5,000
Impairment of assets held for sale 600 1,147
Net changes in assets and liabilities:    
Rent and other tenant receivables, net (1,943) (60)
Unbilled rent (439) 30
Deferred costs and other assets, net (1,342) (562)
Accounts payable, accrued expenses and other liabilities 2,090 (1,805)
Net operating cash flows used in discontinued operations 0 (2)
Net cash provided by operating activities 7,494 7,807
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment property acquisitions, net of restricted cash acquired 0 (24)
Capital expenditures (544) (946)
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 1,121 2,633
CASH FLOWS FROM FINANCING ACTIVITIES:    
Payments for deferred financing costs (326) (293)
Loan proceeds 13,350 16,500
Loan principal payments (20,845) (24,286)
Paycheck Protection Program proceeds 552 0
Net cash used in financing activities (7,269) (8,079)
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,346 2,361
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 21,591 17,999
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period 22,937 20,360
Non-Cash Transactions:    
Conversion of common units to common stock 2 0
Accretion of preferred stock discounts 341 341
Other Cash Transactions:    
Cash paid for taxes 0 6
Cash paid for interest 7,382 8,930
Cash, cash equivalents, and restricted cash $ 22,937 $ 20,360

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