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Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2015
Sep. 30, 2014
Cash flows from operating activities:    
Net income $ 7,109,609 $ 3,474,854
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,583,506 8,896,057
Gain on change in control (6,560,958)  
Equity income in joint venture (506,890) (248,803)
Amortization of deferred financing costs 991,858 1,117,373
Amortization of mortgage premium (12,341)  
Gain on involuntary conversion (32,433)  
Unrealized loss on derivative instrument 106,808  
Loss on disposal of assets 201,835  
Loss on early debt extinguishment 772,907  
Charges related to equity-based compensation 280,996 240,585
Changes in assets and liabilities:    
Restricted cash (816,271) (896,342)
Accounts receivable (2,699,986) (529,763)
Prepaid expenses, inventory and other assets (955,695) (912,124)
Deferred income taxes (483,877) (1,037,181)
Accounts payable and other accrued liabilities 1,443,460 6,260,015
Advance deposits 1,001,999 387,497
Accounts receivable - affiliate (89,654) 36,185
Net cash provided by operating activities 9,334,873 16,788,353
Cash flows from investing activities:    
Acquisition of hotel properties (25,525,754) (61,106,085)
Improvements and additions to hotel properties (15,694,033) (5,265,006)
Distributions from joint venture 600,000 750,000
Funding of restricted cash reserves (3,539,948) (2,656,793)
Proceeds of restricted cash reserves 5,797,378 1,788,612
Proceeds from sale of assets 2,027,113  
Proceeds from insurance conversion 124,609  
Net cash used in investing activities (36,210,635) (66,489,272)
Cash flows from financing activities:    
Proceeds of mortgage debt 125,000,000 45,600,000
Proceeds of loans   19,000,000
Proceeds from the sale of common stock 23,250,818 127,964
Dividends and distributions paid (2,768,207) (1,833,493)
Payment of deferred financing costs (1,326,663) (1,755,002)
Payments on mortgage debt and loans (118,444,300) (3,898,698)
Net cash provided by financing activities 25,711,648 57,240,771
Net (decrease) increase in cash and cash equivalents (1,164,114) 7,539,852
Cash and cash equivalents at the beginning of the period 16,634,499 9,376,628
Cash and cash equivalents at the end of the period 15,470,385 16,916,480
Supplemental disclosures:    
Cash paid during the period for interest 10,702,488 8,976,785
Cash paid during the period for income taxes 570,762 238,639
Non-cash investing and financing activities:    
Proceeds of mortgage debt contributed to restricted cash reserves   1,500,000
Change from assumed loan on Crowne Plaza Hollywood Beach Resort acquisition 57,000,000  
Change in loan premium on the Crowne Plaza Hollywood Beach Resort assumed loan 246,815  
Change in amount of hotel property improvements in accounts payable and accrued liabilities 657,990  
Sotherly Hotels LP [Member]    
Cash flows from operating activities:    
Net income 7,109,609 3,474,854
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 9,583,506 8,896,057
Gain on change in control (6,560,958)  
Equity income in joint venture (506,890) (248,803)
Amortization of deferred financing costs 991,858 1,117,373
Amortization of mortgage premium (12,341)  
Gain on involuntary conversion (32,433)  
Unrealized loss on derivative instrument 106,808  
Loss on disposal of assets 201,835  
Loss on early debt extinguishment 772,907  
Charges related to equity-based compensation 280,996 240,585
Changes in assets and liabilities:    
Restricted cash (816,271) (896,342)
Accounts receivable (2,699,986) (529,763)
Prepaid expenses, inventory and other assets (955,695) (912,124)
Deferred income taxes (483,877) (1,037,181)
Accounts payable and other accrued liabilities 1,443,460 6,260,015
Advance deposits 1,001,999 387,497
Accounts receivable - affiliate (89,654) 36,185
Net cash provided by operating activities 9,334,873 16,788,353
Cash flows from investing activities:    
Acquisition of hotel properties (25,525,754) (61,106,085)
Improvements and additions to hotel properties (15,694,033) (5,265,006)
Distributions from joint venture 600,000 750,000
Funding of restricted cash reserves (3,539,948) (2,656,793)
Proceeds of restricted cash reserves 5,797,378 1,788,612
Proceeds from sale of assets 2,027,113  
Proceeds from insurance conversion 124,609  
Net cash used in investing activities (36,210,635) (66,489,272)
Cash flows from financing activities:    
Proceeds of mortgage debt 125,000,000 45,600,000
Proceeds of loans   19,000,000
Proceeds from the sale of common stock 23,250,818 127,964
Dividends and distributions paid (2,768,207) (1,833,493)
Payment of deferred financing costs (1,326,663) (1,755,002)
Payments on mortgage debt and loans (118,444,300) (3,898,698)
Net cash provided by financing activities 25,711,648 57,240,771
Net (decrease) increase in cash and cash equivalents (1,164,114) 7,539,852
Cash and cash equivalents at the beginning of the period 16,634,499 9,376,628
Cash and cash equivalents at the end of the period 15,470,385 16,916,480
Supplemental disclosures:    
Cash paid during the period for interest 10,702,488 8,976,785
Cash paid during the period for income taxes 570,762 238,639
Non-cash investing and financing activities:    
Proceeds of mortgage debt contributed to restricted cash reserves   $ 1,500,000
Change from assumed loan on Crowne Plaza Hollywood Beach Resort acquisition 57,000,000  
Change in loan premium on the Crowne Plaza Hollywood Beach Resort assumed loan 246,815  
Change in amount of hotel property improvements in accounts payable and accrued liabilities $ 657,990