XML 61 R43.htm IDEA: XBRL DOCUMENT v3.22.0.1
Equity (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Dividends Declared The following table summarizes the common stock dividends declared during the period (in thousands):
Year Ended December 31,
202120202019
Common stock dividends declared$— $— $21,302 
The following table summarizes dividends declared (in thousands):
Year Ended December 31,
202120202019
Series D Cumulative Preferred Stock$3,300 $3,300 $3,300 
Schedule of Issuance Activity
The issuance activity is summarized below (in thousands):
Year Ended December 31,
202120202019
Common shares issued2,711 4,729 — 
Gross proceeds received$16,119 $14,717 $— 
Commissions202 184 — 
Net proceeds$15,917 $14,533 $— 
The issuance activity under the SEDA is summarized below (in thousands):
Year Ended December 31, 2021
Common shares sold to YA1,700
Proceeds received$10,000 
The issuance activity under the Lincoln Park agreement is summarized below (in thousands):
Year Ended December 31, 2021
Common shares sold to Lincoln Park766
Additional commitment shares15
Total common shares issued to Lincoln Park781
Proceeds received$4,217 
The issuance activity under the Virtu May 2021 EDA is summarized below (in thousands):
Year Ended December 31, 2021
Common shares issued8,339 
Gross proceeds received$50,000 
Commissions500 
Net proceeds$49,500 
The issuance activity under the Virtu July 2021 EDA is summarized below (in thousands):
Year Ended December 31, 2021
Common shares issued4,712 
Gross proceeds received$24,020 
Commissions240 
Net proceeds$23,780 
Summarized Financial Information
The following table summarizes our carrying value and ownership interest in OpenKey:
December 31, 2021December 31, 2020
Carrying value of the investment in OpenKey (in thousands)$1,689 $1,708 
Ownership interest in OpenKey7.8 %8.2 %
The following table summarizes our equity in earnings (loss) in OpenKey (in thousands):
Year Ended December 31,
Line Item202120202019
Equity in earnings (loss) of unconsolidated entity$(252)$(217)$(199)
The following table summarizes the (income) loss allocated to noncontrolling interest in consolidated entities (in thousands):
Year Ended December 31,
202120202019
(Income) loss from consolidated entities attributable to noncontrolling interests$2,650 $6,436 $(2,032)