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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 1,176,488 $ 2,886,032
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,634,190 4,061,097
Amortization of deferred financing costs 186,694 214,357
Amortization of mortgage premium (6,170) (6,170)
Gain on involuntary conversion of assets (870,741) (1,041,815)
Unrealized (gain) loss on derivative instrument (12,730) 15,945
Loss (gain) on disposal of assets 3,739  
Gain on sale of assets   (100,407)
Share / Unit - based compensation 171,523 94,140
Changes in assets and liabilities:    
Accounts receivable (3,837,620) (1,209,174)
Prepaid expenses, inventory and other assets 1,075,655 (1,066,260)
Deferred income taxes 260,262 118,050
Accounts payable and other accrued liabilities 2,441,901 1,435,722
Advance deposits 998,247 1,089,819
Accounts receivable - affiliate 86,675 (471,361)
Net cash provided by operating activities 7,308,113 6,019,975
Cash flows from investing activities:    
Acquisitions of hotel properties (80,479,137) (3,986,849)
Improvements and additions to hotel properties (5,851,104) (6,304,669)
Proceeds from the sale of hotel property   5,434,856
Proceeds from insurance conversion 870,741 776,815
Proceeds from the sale or disposal of assets   2,955
Net cash used in investing activities (85,459,500) (4,076,892)
Cash flows from financing activities:    
Proceeds of mortgage debt 62,000,000  
Proceeds of unsecured debt 25,000,000  
Settlement or repurchase of common stock / units   (1,103,130)
Payments on mortgage loans (1,649,012) (3,566,914)
(Payments) refund of deferred financing costs (2,006,021) 3,600
Funding of ESOP stock purchase   (4,874,758)
Dividends and distributions paid (1,602,830) (1,571,526)
Preferred dividends paid (1,444,844) (805,000)
Net cash provided by (used in) financing activities 80,297,293 (11,917,728)
Net (decrease) increase in cash, cash equivalents and restricted cash 2,145,906 (9,974,645)
Cash, cash equivalents and restricted cash at the beginning of the period 33,429,042 36,362,921
Cash, cash equivalents and restricted cash at the end of the period 35,574,948 26,388,276
Supplemental disclosures:    
Cash paid during the period for interest 3,831,409 3,513,312
Cash paid during the period for income taxes 13,437 81,361
Non-cash investing and financing activities:    
Change in amount of improvements to hotel property in accounts payable and accrued liabilities 94,122 1,141,553
Sotherly Hotels LP [Member]    
Cash flows from operating activities:    
Net income 1,176,488 2,905,958
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 5,634,190 4,061,097
Amortization of deferred financing costs 186,694 214,357
Amortization of mortgage premium (6,170) (6,170)
Gain on involuntary conversion of assets (870,741) (1,041,815)
Unrealized (gain) loss on derivative instrument (12,730) 15,945
Loss (gain) on disposal of assets 3,739  
Gain on sale of assets   (100,407)
Share / Unit - based compensation 198,619 94,140
Changes in assets and liabilities:    
Accounts receivable (3,837,620) (1,209,174)
Prepaid expenses, inventory and other assets 1,075,655 (1,066,260)
Deferred income taxes 260,262 118,050
Accounts payable and other accrued liabilities 2,441,901 1,435,722
Advance deposits 998,247 1,089,819
Accounts receivable - affiliate 86,675 (491,287)
Net cash provided by operating activities 7,335,209 6,019,975
Cash flows from investing activities:    
Acquisitions of hotel properties (80,479,137) (3,986,849)
Improvements and additions to hotel properties (5,851,104) (6,304,669)
ESOP loan advances   (4,874,758)
ESOP loan payments 44,256  
Proceeds from the sale of hotel property   5,434,856
Proceeds from insurance conversion 870,741 776,815
Proceeds from the sale or disposal of assets   2,955
Net cash used in investing activities (85,415,244) (8,951,650)
Cash flows from financing activities:    
Proceeds of mortgage debt 62,000,000  
Proceeds of unsecured debt 25,000,000  
Settlement or repurchase of common stock / units   (1,103,130)
Payments on mortgage loans (1,649,012) (3,566,914)
(Payments) refund of deferred financing costs (2,006,021) 3,600
Dividends and distributions paid (1,674,182) (1,571,526)
Preferred dividends paid (1,444,844) (805,000)
Net cash provided by (used in) financing activities 80,225,941 (7,042,970)
Net (decrease) increase in cash, cash equivalents and restricted cash 2,145,906 (9,974,645)
Cash, cash equivalents and restricted cash at the beginning of the period 33,429,042 36,362,921
Cash, cash equivalents and restricted cash at the end of the period 35,574,948 26,388,276
Supplemental disclosures:    
Cash paid during the period for interest 3,831,409 3,513,312
Cash paid during the period for income taxes 13,437 81,361
Non-cash investing and financing activities:    
Change in amount of improvements to hotel property in accounts payable and accrued liabilities $ 94,122 $ 1,141,553