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v3.22.2.2

Notes Receivable, Net and Other (Tables) | 9 Months Ended
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Sep. 30, 2022
Receivables [Abstract] |
Schedule of Accounts and Notes Receivable | Notes receivable, net are summarized in the table below (dollars in thousands):
| Interest Rate |  | September 30, 2022 |  | December 31, 2021
Construction Financing Note (1) (4) |  |  |  |  |
Face amount | 7.0 | % |  | $ | — |  |  | $ | 4,000 |
Certificate of Occupancy Note (2) (4) |  |  |  |  |
Face amount | 7.0 | % |  | $ | 5,250 |  |  | $ | 5,250 |
Discount (3) |  |  | (275) |  |  | (527) |
|  |  | 4,975 |  |  | 4,723 |
Notes receivable, net |  |  | $ | 4,975 |  |  | $ | 8,723 |
____________________________________ (1) The outstanding principal balance and all accrued and unpaid interest was due and payable on or before the earlier of (i) the buyer closing on third-party institutional financing for the construction of improvements on the property, (ii) three years after the development commencement date, or (iii) July 9, 2024. On March 4, 2022, the Construction Financing Note was paid in full in the amount of $4.0 million. (2) The outstanding principal balance and all accrued and unpaid interest is due and payable on or before July 9, 2025. (3) The discount represents the imputed interest during the interest-free period. Interest begins accruing on July 9, 2023. (4) The notes receivable are secured by the 1.65-acre land parcel adjacent to the Hilton St. Petersburg Bayfront. The components of the receivable are summarized below (dollars in thousands):
| Imputed Interest Rate |  | September 30, 2022 |  |
Deferred Receivable |  |  |  |  |
Face amount | 10.0 | % |  | $ | 1,500 |  |  |
Discount (1) |  |  | (271) |  |  |
|  |  | 1,229 |  |  |
Total |  |  | $ | 1,229 |  |  |
(1) The discount represents the imputed interest during the interest-free period.
Schedule of Other Income (Expense) | We recognized discount amortization income as presented in the table below (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Line Item |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Other income (expense) |  | $ | 86 |  |  | $ | 87 |  |  | $ | 252 |  |  | $ | 379 |  |  |
For the three and nine months ended September 30, 2022 and 2021, respectively, we recognized imputed interest income as presented in the table below (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Line Item |  | 2022 |  | 2021 |  | 2022 |  | 2021 |  |
Other income (expense) |  | $ | — |  |  | $ | 54 |  |  | $ | — |  |  | $ | 211 |  |  |
We recognized discount amortization income as presented in the table below (in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Line Item |  | 2022 |  |  |  | 2022 |  |  |  |
Other income (expense) |  | $ | 10 |  |  |  |  | $ | 10 |  |  |  |  |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI https://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 + Details
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- Definition Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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