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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flow from operating activities:    
Net income (loss) $ 919 $ (11,582)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 2,803 1,898
Cost of real estate sold 16,117 2,087
Loss on extinguishment of debt 59 0
Stock-based compensation 453 406
Debt issuance cost amortization 876 1,037
Equity in unconsolidated affiliate’s loss 0 6
Purchases and development of real estate properties (16,317) (21,084)
Decrease in other assets 1,018 601
Decrease in accounts payable, accrued liabilities and other (7,644) (123)
Net cash used in operating activities (1,716) (26,754)
Cash flow from investing activities:    
Capital expenditures (16,142) (23,477)
Payments on master lease obligations (400) (484)
Other 0 9
Net cash used in investing activities (16,542) (23,952)
Cash flow from financing activities:    
Borrowings from project loans 21,754 22,828
Payments on project and term loans (21,226) (8,328)
Payment of dividends (356) (616)
Finance lease principal payments (8) (7)
Stock-based awards net payments (376) (789)
Noncontrolling interest contributions 0 40,000
Purchases of treasury stock 0 (1,589)
Financing costs (1) (1,362)
Net cash (used in) provided by financing activities (213) 50,137
Net decrease in cash, cash equivalents and restricted cash (18,471) (569)
Cash, cash equivalents and restricted cash at beginning of year 32,432 45,709
Cash, cash equivalents and restricted cash at end of period $ 13,961 $ 45,140