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Consolidated Balance Sheets (USD $)
Jun. 30, 2013
Dec. 31, 2012
ASSETS    
Investment in hotel properties, net $ 174,718,233 $ 176,427,904
Investment in joint venture 8,446,083 8,638,967
Cash and cash equivalents 6,561,784 7,175,716
Restricted cash 4,257,037 3,079,894
Accounts receivable 2,158,065 1,478,923
Accounts receivable-affiliate 10,665 8,657
Prepaid expenses, inventory and other assets 2,294,047 1,684,951
Shell Island sublease, net 360,294 480,392
Deferred income taxes 1,331,530 2,649,282
Deferred financing costs, net 2,152,654 2,406,183
TOTAL ASSETS 202,290,392 204,030,869
LIABILITIES    
Mortgage loans 134,893,689 135,674,432
Loans payable 3,650,220 4,025,220
Series A Cumulative Redeemable Preferred Stock, par value $0.01, 27,650 shares authorized, 12,458 and 14,228 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 12,457,552 14,227,650
Accounts payable and other accrued liabilities 7,403,468 6,786,684
Advance deposits 881,192 625,822
Dividends and distributions payable 456,334 389,179
Warrant derivative liability 7,649,962 4,969,752
TOTAL LIABILITIES 167,392,417 166,698,739
Commitments and contingencies (see Note 7)      
Sotherly Hotels Inc. stockholders' equity    
Preferred stock, par value $0.01, 972,350 shares authorized, 0 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively      
Common stock, par value $0.01, 49,000,000 shares authorized, 10,156,927 shares and 9,999,786 shares issued and outstanding at June 30, 2013 and December 31, 2012, respectively 101,569 99,998
Additional paid in capital 57,383,602 57,020,979
Distributions in excess of retained deficit (29,173,594) (27,179,392)
Total Sotherly Hotels Inc. stockholders' equity 28,311,577 29,941,585
Noncontrolling interest 6,586,398 7,390,545
TOTAL EQUITY 34,897,975 37,332,130
TOTAL LIABILITIES AND EQUITY $ 202,290,392 $ 204,030,869