2014 Q4 Form 10-Q Financial Statement

#000119312514398711 Filed on November 05, 2014

View on sec.gov

Income Statement

Concept 2014 Q4 2014 Q3 2013 Q3
Revenue $29.83M $31.76M $21.46M
YoY Change 32.7% 48.03% -1.44%
Cost Of Revenue $11.64M $11.92M $7.780M
YoY Change 40.75% 53.21% -2.26%
Gross Profit $18.19M $19.84M $13.68M
YoY Change 28.1% 45.03% -0.94%
Gross Profit Margin 60.99% 62.46% 63.75%
Selling, General & Admin $12.56M $13.23M $9.300M
YoY Change 25.35% 42.26% -1.69%
% of Gross Profit 69.05% 66.68% 67.98%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $3.070M $3.480M $2.040M
YoY Change 30.64% 70.59% -5.12%
% of Gross Profit 16.88% 17.54% 14.91%
Operating Expenses $30.44M $28.62M $19.12M
YoY Change 43.24% 49.67% -2.32%
Operating Profit -$616.4K $3.142M $2.335M
YoY Change -150.38% 34.54% 6.46%
Interest Expense -$3.770M $3.994M $3.899M
YoY Change -2792.86% 2.44% -191.53%
% of Operating Profit 127.14% 166.98%
Other Income/Expense, Net
YoY Change
Pretax Income -$5.050M -$1.002M -$2.024M
YoY Change 653.73% -50.48% -2.23%
Income Tax -$830.0K -$722.2K $93.96K
% Of Pretax Income
Net Earnings -$4.213M -$280.0K -$1.650M
YoY Change 666.07% -83.03% 1.83%
Net Earnings / Revenue -14.13% -0.88% -7.69%
Basic Earnings Per Share -$0.16
Diluted Earnings Per Share -$314.1K -$19.16K -$0.16
COMMON SHARES
Basic Shares Outstanding 10.57M shares 10.35M 10.18M shares
Diluted Shares Outstanding 11.20M shares

Balance Sheet

Concept 2014 Q4 2014 Q3 2013 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $16.60M $16.90M $23.80M
YoY Change 76.6% -28.99% 180.0%
Cash & Equivalents $16.63M $16.92M $23.79M
Short-Term Investments
Other Short-Term Assets $3.300M $3.500M $2.000M
YoY Change 43.48% 75.0% -4.76%
Inventory
Prepaid Expenses
Receivables $2.100M $3.000M $2.000M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $22.00M $23.40M $27.80M
YoY Change 60.58% -15.83% 112.21%
LONG-TERM ASSETS
Property, Plant & Equipment $260.2M $260.6M $174.0M
YoY Change 28.43% 49.77% -1.92%
Goodwill
YoY Change
Intangibles $300.2K
YoY Change
Long-Term Investments $2.000M $1.900M $8.300M
YoY Change -16.67% -77.11% -4.6%
Other Assets $15.60M $13.60M $10.00M
YoY Change 69.57% 36.0% 21.95%
Total Long-Term Assets $277.8M $276.3M $192.6M
YoY Change 29.54% 43.44% -1.17%
TOTAL ASSETS
Total Short-Term Assets $22.00M $23.40M $27.80M
Total Long-Term Assets $277.8M $276.3M $192.6M
Total Assets $299.8M $299.7M $220.4M
YoY Change 31.4% 35.96% 5.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.00M $14.20M $7.700M
YoY Change 48.15% 84.42% -9.41%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $19.00M $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $14.10M $35.60M $9.100M
YoY Change 50.0% 291.21% -8.08%
LONG-TERM LIABILITIES
Long-Term Debt $258.2M $231.2M $171.0M
YoY Change 37.34% 35.2% 10.39%
Other Long-Term Liabilities $8.000M
YoY Change 9.59%
Total Long-Term Liabilities $258.2M $231.2M $179.0M
YoY Change 37.34% 29.16% 10.36%
TOTAL LIABILITIES
Total Short-Term Liabilities $14.10M $35.60M $9.100M
Total Long-Term Liabilities $258.2M $231.2M $179.0M
Total Liabilities $272.3M $266.8M $188.2M
YoY Change 38.01% 41.78% 4.94%
SHAREHOLDERS EQUITY
Retained Earnings -$35.39M -$31.13M -$31.23M
YoY Change 9.05% -0.33%
Common Stock $58.77M $103.7K $102.1K
YoY Change 57474.3% 1.61%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $23.38M $27.13M $26.37M
YoY Change
Total Liabilities & Shareholders Equity $299.8M $299.7M $220.4M
YoY Change 31.4% 35.96% 5.98%

Cashflow Statement

Concept 2014 Q4 2014 Q3 2013 Q3
OPERATING ACTIVITIES
Net Income -$4.213M -$280.0K -$1.650M
YoY Change 666.07% -83.03% 1.83%
Depreciation, Depletion And Amortization $3.070M $3.480M $2.040M
YoY Change 30.64% 70.59% -5.12%
Cash From Operating Activities -$1.940M $4.420M $1.030M
YoY Change -222.01% 329.13% -68.69%
INVESTING ACTIVITIES
Capital Expenditures -$4.540M -$2.700M -$1.080M
YoY Change -85.53% 150.0% 200.0%
Acquisitions
YoY Change
Other Investing Activities -$70.00K -$950.0K -$290.0K
YoY Change -101.21% 227.59% 16.0%
Cash From Investing Activities -$4.610M -$3.650M -$1.370M
YoY Change -81.98% 166.42% 128.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.118K
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 6.260M -1.780M 17.58M
YoY Change -34.52% -110.13% -1589.83%
NET CHANGE
Cash From Operating Activities -1.940M 4.420M 1.030M
Cash From Investing Activities -4.610M -3.650M -1.370M
Cash From Financing Activities 6.260M -1.780M 17.58M
Net Change In Cash -290.0K -1.010M 17.24M
YoY Change -97.99% -105.86% 1041.72%
FREE CASH FLOW
Cash From Operating Activities -$1.940M $4.420M $1.030M
Capital Expenditures -$4.540M -$2.700M -$1.080M
Free Cash Flow $2.600M $7.120M $2.110M
YoY Change -92.11% 237.44% -42.19%

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
CY2013Q3 soho Preference Stock Shares Agreed For Redemption
PreferenceStockSharesAgreedForRedemption
2460 shares
CY2013Q3 soho Preference Share Aggregate Redemption Price
PreferenceShareAggregateRedemptionPrice
2700000
CY2013Q3 soho Related Party Transaction Prepayment Fee
RelatedPartyTransactionPrepaymentFee
200000
CY2013Q4 soho Operating Partnership Interest Ownership Percentage Acquired By Entity
OperatingPartnershipInterestOwnershipPercentageAcquiredByEntity
1.00 pure
CY2013Q4 us-gaap Limited Liability Company Llc Preferred Unit Issued
LimitedLiabilityCompanyLLCPreferredUnitIssued
32929 shares
CY2013Q4 us-gaap Non Recourse Debt
NonRecourseDebt
57000000
CY2014Q3 us-gaap Common Stock Value
CommonStockValue
103709
CY2014Q3 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2014Q3 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
14244465
CY2014Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-31128942
CY2014Q4 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
10570932 shares
CY2011Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2011Q2 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
25000 shares
CY2013Q1 soho Preference Stock Shares Agreed For Redemption
PreferenceStockSharesAgreedForRedemption
1902 shares
CY2013Q1 soho Preference Share Aggregate Redemption Price
PreferenceShareAggregateRedemptionPrice
2100000
CY2013Q1 soho Related Party Transaction Prepayment Fee
RelatedPartyTransactionPrepaymentFee
200000
CY2014Q1 us-gaap Bridge Loan
BridgeLoan
19000000
CY2013Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
23785009
CY2013Q3 soho Preference Share Aggregate Redemption Price
PreferenceShareAggregateRedemptionPrice
10700000
CY2013Q3 soho Related Party Transaction Prepayment Fee
RelatedPartyTransactionPrepaymentFee
700000
CY2014Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10370932 shares
CY2014Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10370932 shares
CY2014Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000 shares
CY2014Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2014Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2014Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2014Q3 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2014Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32916359
CY2014Q3 us-gaap Secured Debt
SecuredDebt
203564851
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Remainder Of Fiscal Year
OperatingLeasesFutureMinimumPaymentsRemainderOfFiscalYear
103353
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
35363905
CY2014Q3 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
0
CY2014Q3 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
735987
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
27870508
CY2014Q3 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
1519127
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
59923116
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
67702306
CY2014Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
853129
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
198941
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
15846237
CY2014Q3 us-gaap Stockholders Equity
StockholdersEquity
27133022
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due
OperatingLeasesFutureMinimumPaymentsDue
1890321
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
161226
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
327228
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
104797895
CY2014Q3 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
299697931
CY2014Q3 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
58158255
CY2014Q3 us-gaap Unsecured Debt
UnsecuredDebt
27600000
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
1284011
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
7779190
CY2014Q3 us-gaap Bridge Loan
BridgeLoan
19000000
CY2014Q3 us-gaap Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
363586
CY2014Q3 us-gaap Minority Interest
MinorityInterest
5783337
CY2014Q3 us-gaap Liabilities
Liabilities
266781572
CY2014Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
18402295
CY2014Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
16916480
CY2014Q3 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
260580066
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
67702306
CY2014Q3 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
3535636
CY2014Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
7185323
CY2014Q3 us-gaap Accounts Receivable Net
AccountsReceivableNet
2977140
CY2014Q3 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
65254
CY2014Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
4209837
CY2014Q3 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
1800000
CY2014Q3 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
203600000
CY2014Q3 us-gaap Assets
Assets
299697931
CY2014Q3 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
2223303
CY2014Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
1944843
CY2014Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
328317098
CY2014Q3 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
164364
CY2014Q3 soho Fdic Protection Limit
FdicProtectionLimit
250000
CY2014Q3 soho Outstanding Borrowing Under Bridge Financing
OutstandingBorrowingUnderBridgeFinancing
19000000
CY2014Q3 soho Equity Method Investment Summarized Financial Information Restricted Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationRestrictedCashAndCashEquivalents
1194783
CY2014Q3 soho Equity Method Investment Summarized Financial Information Investment In Hotel Properties Net
EquityMethodInvestmentSummarizedFinancialInformationInvestmentInHotelPropertiesNet
62966759
CY2014Q3 soho Operating Partnership Unit Not Owned
OperatingPartnershipUnitNotOwned
2754127 shares
CY2014Q3 soho Equity Method Investment Summarized Financial Information Mortgage Loans Net
EquityMethodInvestmentSummarizedFinancialInformationMortgageLoansNet
57000000
CY2014Q3 soho Deferred Tax Assets Start Up Expenses
DeferredTaxAssetsStartUpExpenses
300000
CY2014Q3 soho Equity Method Investment Summarized Financial Information Prepaid Expenses Inventory And Other Assets
EquityMethodInvestmentSummarizedFinancialInformationPrepaidExpensesInventoryAndOtherAssets
1791331
CY2014Q3 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
67737032
CY2014Q3 soho Equity Method Investment Summarized Financial Information Accounts Receivable
EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable
127732
CY2014Q3 soho Equity Method Investment Summarized Financial Information Accounts Payable And Other Accrued Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherAccruedLiabilities
2480809
CY2014Q3 soho Equity Method Investment Summarized Financial Information Advance Deposits
EquityMethodInvestmentSummarizedFinancialInformationAdvanceDeposits
442307
CY2014Q3 soho Equity Method Investment Summarized Financial Information Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalents
1621701
CY2014Q3 soho Common Stock Exchange Ratio
CommonStockExchangeRatio
1 pure
CY2014Q3 soho Sub Leased Assets Net
SubLeasedAssetsNet
60049
CY2014Q3 soho Franchise Agreement Termination Fees
FranchiseAgreementTerminationFees
351800
CY2013Q1 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
7175716
CY2013Q4 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
10206927 shares
CY2013Q4 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
10206927 shares
CY2013Q4 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
49000000 shares
CY2013Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
0 shares
CY2013Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.01
CY2013Q4 us-gaap Preferred Stock Shares Issued
PreferredStockSharesIssued
0 shares
CY2013Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
31171379
CY2013Q4 us-gaap Secured Debt
SecuredDebt
160363549
CY2013Q4 us-gaap Preferred Stock Value
PreferredStockValue
0
CY2013Q4 us-gaap Customer Advances And Deposits
CustomerAdvancesAndDeposits
666758
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities
EquityMethodInvestmentSummarizedFinancialInformationLiabilities
59149815
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Liabilities And Equity
EquityMethodInvestmentSummarizedFinancialInformationLiabilitiesAndEquity
68933792
CY2013Q4 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
588197
CY2013Q4 us-gaap Common Stock Value
CommonStockValue
102069
CY2013Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
CY2013Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
7650219
CY2013Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-32210917
CY2013Q4 us-gaap Stockholders Equity
StockholdersEquity
25425265
CY2013Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
228040102
CY2013Q4 us-gaap Additional Paid In Capital
AdditionalPaidInCapital
57534113
CY2013Q4 us-gaap Unsecured Debt
UnsecuredDebt
27600000
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Equity
EquityMethodInvestmentSummarizedFinancialInformationEquity
9783977
CY2013Q4 us-gaap Bridge Loan
BridgeLoan
CY2013Q4 us-gaap Minority Interest
MinorityInterest
5746114
CY2013Q4 us-gaap Liabilities
Liabilities
196868723
CY2013Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
9376628
CY2013Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
202645633
CY2013Q4 us-gaap Equity Method Investment Summarized Financial Information Assets
EquityMethodInvestmentSummarizedFinancialInformationAssets
68933792
CY2013Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
2444975
CY2013Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
3796141
CY2013Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
1982091
CY2013Q4 us-gaap Accounts Receivable Related Parties
AccountsReceivableRelatedParties
101439
CY2013Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
3820838
CY2013Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
700000
CY2013Q4 us-gaap Mortgage Loans On Real Estate Carrying Amount Of Mortgages
MortgageLoansOnRealEstateCarryingAmountOfMortgages
160400000
CY2013Q4 us-gaap Assets
Assets
228040102
CY2013Q4 us-gaap Deferred Tax Assets Net
DeferredTaxAssetsNet
1186122
CY2013Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
2446039
CY2013Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
262887882
CY2013Q4 soho Un Amortized Franchise Fees
UnAmortizedFranchiseFees
196989
CY2013Q4 soho Outstanding Borrowing Under Bridge Financing
OutstandingBorrowingUnderBridgeFinancing
0
CY2013Q4 soho Equity Method Investment Summarized Financial Information Investment In Hotel Properties Net
EquityMethodInvestmentSummarizedFinancialInformationInvestmentInHotelPropertiesNet
64449892
CY2013Q4 soho Operating Partnership Unit Not Owned
OperatingPartnershipUnitNotOwned
2864127 shares
CY2013Q4 soho Equity Method Investment Summarized Financial Information Mortgage Loans Net
EquityMethodInvestmentSummarizedFinancialInformationMortgageLoansNet
57000000
CY2013Q4 soho Deferred Tax Assets Start Up Expenses
DeferredTaxAssetsStartUpExpenses
300000
CY2013Q4 soho Equity Method Investment Summarized Financial Information Prepaid Expenses Inventory And Other Assets
EquityMethodInvestmentSummarizedFinancialInformationPrepaidExpensesInventoryAndOtherAssets
1335472
CY2013Q4 soho Real Estate Investment Property Accumulated Depreciation And Impairment
RealEstateInvestmentPropertyAccumulatedDepreciationAndImpairment
60242249
CY2013Q4 soho Equity Method Investment Summarized Financial Information Accounts Receivable
EquityMethodInvestmentSummarizedFinancialInformationAccountsReceivable
251587
CY2013Q4 soho Equity Method Investment Summarized Financial Information Accounts Payable And Other Accrued Liabilities
EquityMethodInvestmentSummarizedFinancialInformationAccountsPayableAndOtherAccruedLiabilities
1869476
CY2013Q4 soho Equity Method Investment Summarized Financial Information Advance Deposits
EquityMethodInvestmentSummarizedFinancialInformationAdvanceDeposits
280339
CY2013Q4 soho Equity Method Investment Summarized Financial Information Cash And Cash Equivalents
EquityMethodInvestmentSummarizedFinancialInformationCashAndCashEquivalents
2896841
CY2013Q4 soho Sub Leased Assets Net
SubLeasedAssetsNet
240196
CY2013Q3 soho Prepayment Fee
PrepaymentFee
200000
CY2013Q3 soho Amortization Of Issuance Costs Related To Redeemed Shares
AmortizationOfIssuanceCostsRelatedToRedeemedShares
100000
CY2013Q4 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
1000000 shares
CY2013Q4 soho Class Of Warrant Or Right Redeemed Under First Tranche
ClassOfWarrantOrRightRedeemedUnderFirstTranche
1000000 shares
CY2013Q4 soho Amount Of Class Of Warrant Or Right Redeemed Under Final Tranche
AmountOfClassOfWarrantOrRightRedeemedUnderFinalTranche
4000000
CY2013Q4 soho Class Of Warrant Or Right Redeemed Under Final Tranche
ClassOfWarrantOrRightRedeemedUnderFinalTranche
1000000 shares
CY2011Q2 us-gaap Stock And Warrants Issued During Period Value Preferred Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValuePreferredStockAndWarrants
25000000
CY2013Q1 soho Prepayment Fee
PrepaymentFee
200000
CY2013Q1 soho Amortization Of Issuance Costs Related To Redeemed Shares
AmortizationOfIssuanceCostsRelatedToRedeemedShares
100000
CY2013Q2 us-gaap Partners Capital Account Units Redeemed
PartnersCapitalAccountUnitsRedeemed
10000 shares
CY2013Q2 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
32900
CY2013Q2 soho Number Of Board Members
NumberOfBoardMembers
2 Directors
CY2013Q3 soho Prepayment Fee
PrepaymentFee
700000
CY2013Q3 soho Amortization Of Issuance Costs Related To Redeemed Shares
AmortizationOfIssuanceCostsRelatedToRedeemedShares
400000
CY2013Q4 soho Class Of Warrant Or Right Redeemed Under First Tranche
ClassOfWarrantOrRightRedeemedUnderFirstTranche
900000 shares
us-gaap Business Combination Separately Recognized Transactions Net Gains And Losses
BusinessCombinationSeparatelyRecognizedTransactionsNetGainsAndLosses
2000000
us-gaap Business Combination Separately Recognized Transactions Revenues And Gains Recognized
BusinessCombinationSeparatelyRecognizedTransactionsRevenuesAndGainsRecognized
11300000
CY2013Q4 soho Repayment Of Loan From Excess Proceed Of Mortgage
RepaymentOfLoanFromExcessProceedOfMortgage
3500000
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2167
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
7997409
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10137021 shares
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.29
us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-3020960
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
4131990
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
3258298
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
15947997
us-gaap Profit Loss
ProfitLoss
-3772526
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
350217
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2303691
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1302198
us-gaap Operating Income Loss
OperatingIncomeLoss
9183970
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
4254358
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
395207
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
-1411523
us-gaap Income Taxes Paid
IncomeTaxesPaid
143138
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-2934048
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-2763528
us-gaap Payments For Repurchase Of Redeemable Preferred Stock
PaymentsForRepurchaseOfRedeemablePreferredStock
14413943
us-gaap Occupancy Revenue
OccupancyRevenue
47692797
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
1470
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
14020635
us-gaap Revenues
Revenues
66899092
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1677913
us-gaap Payments To Acquire Additional Interest In Subsidiaries
PaymentsToAcquireAdditionalInterestInSubsidiaries
32900
us-gaap Investment Income Interest
InvestmentIncomeInterest
11139
us-gaap Interest Paid
InterestPaid
7761110
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
479433
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-1917318
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
434479
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
1737919
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
91957280
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
1326768
us-gaap Interest Expense
InterestExpense
8912319
us-gaap Operating Expenses
OperatingExpenses
57715122
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1316697
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
278006
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
750000
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
263618
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
16609293
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-783255
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
1468835
us-gaap Occupancy Costs
OccupancyCosts
12877637
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
85301
us-gaap Depreciation And Amortization
DepreciationAndAmortization
6121871
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
12566268
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
7187287
us-gaap Proceeds From Loans
ProceedsFromLoans
27600000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
56766
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-3954384
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
142067
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
334772
us-gaap Paid In Kind Interest
PaidInKindInterest
186293
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
48509228
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3084023
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
938319
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-838478
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
347739
us-gaap Share Based Compensation
ShareBasedCompensation
171460
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
1048762
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
42379
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
10273994
soho Compensation Expenses
CompensationExpenses
38060
soho Funding Of Restricted Cash Reserves
FundingOfRestrictedCashReserves
1554466
soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
10137021 shares
soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
9542698
soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
1474361
soho Equity Method Investment Summarized Financial Information Unrealized Gain Loss On Hedging Activities
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossOnHedgingActivities
285238
soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
12814964
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
32625
soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
435108
soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
79142317
soho Proceeds Of Restricted Cash Reserves
ProceedsOfRestrictedCashReserves
1104440
soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.27
soho Increase Decrease In Pledge Of Cash Collateral
IncreaseDecreaseInPledgeOfCashCollateral
-662075
soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
1305327
soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
1869821
soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
11262627
soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
1102859
soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
1634906
soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
11047955
soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
2332407
soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
2758008
soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
85023
soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
25009858
soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
5300822
us-gaap Common Stock Voting Rights
CommonStockVotingRights
Each outstanding share of common stock entitles the holder to one vote on all matters submitted to a vote of stockholders.
dei Document Type
DocumentType
10-Q
dei Entity Registrant Name
EntityRegistrantName
Sotherly Hotels Inc.
dei Trading Symbol
TradingSymbol
SOHO
dei Entity Filer Category
EntityFilerCategory
Smaller Reporting Company
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2004-08-20
us-gaap Net Cash Provided By Used In Operating Activities Continuing Operations
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
16788353
us-gaap Number Of Businesses Acquired
NumberOfBusinessesAcquired
6 Hotel
us-gaap Use Of Estimates
UseOfEstimates
<div><em><font size="2">Use of Estimates &#x2013;&#xA0;</font></em>The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.</div>
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10311595 shares
dei Document Period End Date
DocumentPeriodEndDate
2014-09-30
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2014
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
529763
us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
1763096
us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
248803
us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
995212
us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
97885206
us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-1135370
dei Entity Central Index Key
EntityCentralIndexKey
0001301236
us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0.27
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<div><em><font size="2">Concentration of Credit Risk &#x2013;&#xA0;</font></em>We hold cash accounts at several institutions in excess of the Federal Deposit Insurance Corporation (the &#x201C;FDIC&#x201D;) protection limits of $250,000. Our exposure to credit loss in the event of the failure of these institutions is represented by the difference between the FDIC protection limit and the total amounts on deposit. Management monitors, on a regular basis, the financial condition of the financial institutions along with the balances there on deposit to minimize our potential risk.</div>
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
1 Segment
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div><em><font size="2">Reclassifications&#xA0;</font></em>&#x2013; Certain reclassifications have been made to the prior period balances to conform to the current period presentation.</div>
us-gaap Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
127964
us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
78285
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
3898698
us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
5089017
us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
22915192
us-gaap Profit Loss
ProfitLoss
3474854
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
912124
us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
2581148
us-gaap Distribution Made To Limited Partner Cash Distributions Paid
DistributionMadeToLimitedPartnerCashDistributionsPaid
1833493
us-gaap Operating Income Loss
OperatingIncomeLoss
13121687
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
5265006
us-gaap Increase Decrease In Restricted Cash For Operating Activities
IncreaseDecreaseInRestrictedCashForOperatingActivities
896342
us-gaap Increase Decrease In Deferred Income Taxes
IncreaseDecreaseInDeferredIncomeTaxes
1037181
us-gaap Income Taxes Paid
IncomeTaxesPaid
238639
us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
2734789
us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
374362
us-gaap Payments To Acquire Businesses Gross
PaymentsToAcquireBusinessesGross
61106085
us-gaap Occupancy Revenue
OccupancyRevenue
65110333
us-gaap Increase Decrease Due From Affiliates
IncreaseDecreaseDueFromAffiliates
-36185
us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
14855287
us-gaap Revenues
Revenues
93114542
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
1755002
us-gaap Investment Income Interest
InvestmentIncomeInterest
13785
us-gaap Interest Paid
InterestPaid
8976785
us-gaap Interest Expense
InterestExpense
10803127
us-gaap Operating Expenses
OperatingExpenses
79992855
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
1117373
us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-217578
us-gaap Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
750000
us-gaap Increase Decrease In Customer Advances And Deposits
IncreaseDecreaseInCustomerAdvancesAndDeposits
387497
us-gaap Cash And Cash Equivalents Period Increase Decrease
CashAndCashEquivalentsPeriodIncreaseDecrease
7539852
us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
877590
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-893706
us-gaap Occupancy Costs
OccupancyCosts
17205451
us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
32285
us-gaap Depreciation And Amortization
DepreciationAndAmortization
8896057
us-gaap Net Cash Provided By Used In Financing Activities Continuing Operations
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
57240771
us-gaap Proceeds From Repayments Of Secured Debt
ProceedsFromRepaymentsOfSecuredDebt
45600000
us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
127964
us-gaap Proceeds From Loans
ProceedsFromLoans
19000000
us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
209379
us-gaap Net Cash Provided By Used In Investing Activities Continuing Operations
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
-66489272
us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
241664
us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-8200
us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
67358484
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3738314
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
6260015
us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
740065
us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
864949
us-gaap Share Based Compensation
ShareBasedCompensation
240585
us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-917792
us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
36778
us-gaap Dividends Common Stock
DividendsCommonStock
2098423
us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
15424254
soho Original Lump Sum Rent Payment Received
OriginalLumpSumRentPaymentReceived
990
soho Compensation Expenses
CompensationExpenses
113642
soho Funding Of Restricted Cash Reserves
FundingOfRestrictedCashReserves
2656793
soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
11040257
soho Franchise Agreement Term
FranchiseAgreementTerm
P10Y
soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
32625
soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
10311595 shares
soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
2194154
soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
502967
soho Stock Issued During Period Value Share Based Compensation Unrestricted Awards
StockIssuedDuringPeriodValueShareBasedCompensationUnrestrictedAwards
147360
soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
86844949
soho Proceeds Of Restricted Cash Reserves
ProceedsOfRestrictedCashReserves
1788612
soho Date Of Commencement Of Business
DateOfCommencementOfBusiness
2004-12-21
soho Proceeds Of Mortgage Debt Contributed To Restricted Cash Reserves
ProceedsOfMortgageDebtContributedToRestrictedCashReserves
1500000
soho Percentage Of Next Specified Percentage Of Employee Contribution
PercentageOfNextSpecifiedPercentageOfEmployeeContribution
0.020 pure
soho Percentage Of Matching Contribution For First Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForFirstSpecifiedPercentageOfEmployeeContribution
1.000 pure
soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
0.04
soho Percentage Of Matching Contribution For Next Specified Percentage Of Employee Contribution
PercentageOfMatchingContributionForNextSpecifiedPercentageOfEmployeeContribution
0.500 pure
soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
1755027
soho Hotel Rebrand Period
HotelRebrandPeriod
2014-11
soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
9940492
soho Stock Issued During Period Shares Restricted Stock And Deferred Stock Award
StockIssuedDuringPeriodSharesRestrictedStockAndDeferredStockAward
337438 shares
soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
1696364
soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
12105048
soho Loss Carryforwards Expiration Dates
LossCarryforwardsExpirationDates
2028
soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
1068421
soho Adjustments To Additional Paid In Capital Amortization Of Restricted Stock
AdjustmentsToAdditionalPaidInCapitalAmortizationOfRestrictedStock
14940
soho Percentage Of First Specified Percentage Of Employee Contribution
PercentageOfFirstSpecifiedPercentageOfEmployeeContribution
0.030 pure
soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
1867706
soho Rental Income Recognized Under Lease Terms
RentalIncomeRecognizedUnderLeaseTerms
0
soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
11592712
soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
2471048
soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
2750239
soho Start Up Expenses Amortization Period
StartUpExpensesAmortizationPeriod
P15Y
soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
296850
soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
33863830
soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
5270113
CY2014Q3 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
125797
CY2013Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10181927 shares
CY2013Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.16
CY2013Q3 us-gaap Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
-340750
CY2013Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
1046188
CY2013Q3 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
5121631
CY2013Q3 us-gaap Profit Loss
ProfitLoss
-2117808
CY2013Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-2023846
CY2013Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
2335090
CY2013Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-1649722
CY2013Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-1518113
CY2013Q3 us-gaap Occupancy Revenue
OccupancyRevenue
15290818
CY2013Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
3343388
CY2013Q3 us-gaap Revenues
Revenues
21458637
CY2013Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
3579
CY2013Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
-765521
CY2013Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-122637
CY2013Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-490547
CY2013Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
29566710
CY2013Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
76371
CY2013Q3 us-gaap Interest Expense
InterestExpense
3899128
CY2013Q3 us-gaap Operating Expenses
OperatingExpenses
19123547
CY2013Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
16358
CY2013Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-688108
CY2013Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
93962
CY2013Q3 us-gaap Occupancy Costs
OccupancyCosts
4300441
CY2013Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
17400
CY2013Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
2038000
CY2013Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
191
CY2013Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
17591
CY2013Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
16549
CY2013Q3 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
16218996
CY2013Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
866551
CY2013Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-468086
CY2013Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
121715
CY2013Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
60013
CY2013Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
6200
CY2013Q3 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
3358603
CY2013Q3 soho Compensation Expenses
CompensationExpenses
35560
CY2013Q3 soho Equity Method Investment Summarized Financial Information Unrealized Gain Loss On Hedging Activities
EquityMethodInvestmentSummarizedFinancialInformationUnrealizedGainLossOnHedgingActivities
102936
CY2013Q3 soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
3647066
CY2013Q3 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
10875
CY2013Q3 soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
10181927 shares
CY2013Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
476836
CY2013Q3 soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
145219
CY2013Q3 soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
25919644
CY2013Q3 soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.15
CY2013Q3 soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
437605
CY2013Q3 soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
2911135
CY2013Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
433192
CY2013Q3 soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
3499266
CY2013Q3 soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
316895
CY2013Q3 soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
560951
CY2013Q3 soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
2549657
CY2013Q3 soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
707671
CY2013Q3 soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
-155878
CY2013Q3 soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
27180
CY2013Q3 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
8438237
CY2013Q3 soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
1625053
CY2014Q3 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
10353988 shares
CY2014Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.02
CY2014Q3 us-gaap Other Hotel Operating Revenue
OtherHotelOperatingRevenue
1880103
CY2014Q3 us-gaap Food And Beverage Revenue
FoodAndBeverageRevenue
7643454
CY2014Q3 us-gaap Profit Loss
ProfitLoss
-280014
CY2014Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Extraordinary Items Noncontrolling Interest
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
-1002184
CY2014Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
3141612
CY2014Q3 us-gaap Income Loss Attributable To Parent
IncomeLossAttributableToParent
-214902
CY2014Q3 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
-214902
CY2014Q3 us-gaap Occupancy Revenue
OccupancyRevenue
22240896
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Revenue
EquityMethodInvestmentSummarizedFinancialInformationRevenue
3817330
CY2014Q3 us-gaap Revenues
Revenues
31764453
CY2014Q3 us-gaap Investment Income Interest
InvestmentIncomeInterest
6630
CY2014Q3 us-gaap Income Tax Reconciliation Tax Exempt Income
IncomeTaxReconciliationTaxExemptIncome
309902
CY2014Q3 us-gaap Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
-156165
CY2014Q3 us-gaap Equity Method Investment Summarized Financial Information Net Income Loss
EquityMethodInvestmentSummarizedFinancialInformationNetIncomeLoss
-607867
CY2014Q3 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
31764452
CY2014Q3 us-gaap Deferred Income Tax Expense Benefit
DeferredIncomeTaxExpenseBenefit
-825345
CY2014Q3 us-gaap Interest Expense
InterestExpense
3994261
CY2014Q3 us-gaap Operating Expenses
OperatingExpenses
28622841
CY2014Q3 us-gaap Deferred State And Local Income Tax Expense Benefit
DeferredStateAndLocalIncomeTaxExpenseBenefit
-165414
CY2014Q3 us-gaap Income Tax Reconciliation Income Tax Expense Benefit At Federal Statutory Income Tax Rate
IncomeTaxReconciliationIncomeTaxExpenseBenefitAtFederalStatutoryIncomeTaxRate
-340744
CY2014Q3 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
-722170
CY2014Q3 us-gaap Occupancy Costs
OccupancyCosts
6175342
CY2014Q3 us-gaap Current Federal Tax Expense Benefit
CurrentFederalTaxExpenseBenefit
9285
CY2014Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
3472760
CY2014Q3 us-gaap Current State And Local Tax Expense Benefit
CurrentStateAndLocalTaxExpenseBenefit
93890
CY2014Q3 us-gaap Current Income Tax Expense Benefit
CurrentIncomeTaxExpenseBenefit
103175
CY2014Q3 us-gaap Income Tax Reconciliation State And Local Income Taxes
IncomeTaxReconciliationStateAndLocalIncomeTaxes
-71524
CY2014Q3 us-gaap Direct Costs Of Hotels
DirectCostsOfHotels
24110763
CY2014Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1039318
CY2014Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
-65112
CY2014Q3 us-gaap Other Direct Costs Of Hotels
OtherDirectCostsOfHotels
327942
CY2014Q3 us-gaap Deferred Federal Income Tax Expense Benefit
DeferredFederalIncomeTaxExpenseBenefit
-659931
CY2014Q3 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
6138
CY2014Q3 us-gaap Food And Beverage Cost Of Sales
FoodAndBeverageCostOfSales
5417434
CY2014Q3 soho Compensation Expenses
CompensationExpenses
41613
CY2014Q3 soho Business Acquisitions Pro Forma Operating Income
BusinessAcquisitionsProFormaOperatingIncome
3141612
CY2014Q3 soho Amortization Expense Franchise License Fees
AmortizationExpenseFranchiseLicenseFees
10875
CY2014Q3 soho Business Acquisition Pro Forma Weighted Average Number Of Common Shares Outstanding Basic And Diluted
BusinessAcquisitionProFormaWeightedAverageNumberOfCommonSharesOutstandingBasicAndDiluted
10353988 shares
CY2014Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Revenue
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageRevenue
590816
CY2014Q3 soho Equity Method Investment Summarized Financial Information Other Direct Costs
EquityMethodInvestmentSummarizedFinancialInformationOtherDirectCosts
176520
CY2014Q3 soho Business Acquisitions Pro Forma Operating Expenses
BusinessAcquisitionsProFormaOperatingExpenses
28622841
CY2014Q3 soho Business Acquisition Pro Forma Earnings Per Share Basic And Diluted
BusinessAcquisitionProFormaEarningsPerShareBasicAndDiluted
-0.02
CY2014Q3 soho Equity Method Investment Summarized Financial Information Interest Expense
EquityMethodInvestmentSummarizedFinancialInformationInterestExpense
597711
CY2014Q3 soho Equity Method Investment Summarized Financial Information Hotel Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationHotelOperatingExpenses
3145068
CY2014Q3 soho Equity Method Investment Summarized Financial Information Food And Beverage Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationFoodAndBeverageOperatingExpenses
516777
CY2014Q3 soho Equity Method Investment Summarized Financial Information Operating Expenses
EquityMethodInvestmentSummarizedFinancialInformationOperatingExpenses
3827486
CY2014Q3 soho Equity Method Investment Summarized Financial Information Other Hotel Operating Revenue
EquityMethodInvestmentSummarizedFinancialInformationOtherHotelOperatingRevenue
366054
CY2014Q3 soho Equity Method Investment Summarized Financial Information Depreciation And Amortization
EquityMethodInvestmentSummarizedFinancialInformationDepreciationAndAmortization
619164
CY2014Q3 soho Equity Method Investment Summarized Financial Information Occupancy Revenue
EquityMethodInvestmentSummarizedFinancialInformationOccupancyRevenue
2860460
CY2014Q3 soho Equity Method Investment Summarized Financial Information Occupancy Costs
EquityMethodInvestmentSummarizedFinancialInformationOccupancyCosts
788569
CY2014Q3 soho Equity Method Investment Summarized Financial Information Operating Income Loss
EquityMethodInvestmentSummarizedFinancialInformationOperatingIncomeLoss
-10156
CY2014Q3 soho Equity Method Investment Summarized Financial Information General And Administrative Expense
EquityMethodInvestmentSummarizedFinancialInformationGeneralAndAdministrativeExpense
63254
CY2014Q3 soho Indirect Hotels Operating Costs
IndirectHotelsOperatingCosts
12190045
CY2014Q3 soho Equity Method Investment Summarized Financial Information Indirect Hotels Operating Costs
EquityMethodInvestmentSummarizedFinancialInformationIndirectHotelsOperatingCosts
1663202

Files In Submission

Name View Source Status
0001193125-14-398711-index-headers.html Edgar Link pending
0001193125-14-398711-index.html Edgar Link pending
0001193125-14-398711.txt Edgar Link pending
0001193125-14-398711-xbrl.zip Edgar Link pending
d796377d10q.htm Edgar Link pending
d796377dex311.htm Edgar Link pending
d796377dex312.htm Edgar Link pending
d796377dex313.htm Edgar Link pending
d796377dex314.htm Edgar Link pending
d796377dex321.htm Edgar Link pending
d796377dex322.htm Edgar Link pending
d796377dex323.htm Edgar Link pending
d796377dex324.htm Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
Financial_Report.xls Edgar Link pending
Financial_Report.xlsx Edgar Link pending
R1.htm Edgar Link pending
R10.htm Edgar Link pending
R11.htm Edgar Link pending
R12.htm Edgar Link pending
R13.htm Edgar Link pending
R14.htm Edgar Link pending
R15.htm Edgar Link pending
R16.htm Edgar Link pending
R17.htm Edgar Link pending
R18.htm Edgar Link pending
R19.htm Edgar Link pending
R2.htm Edgar Link pending
R20.htm Edgar Link pending
R21.htm Edgar Link pending
R22.htm Edgar Link pending
R23.htm Edgar Link pending
R24.htm Edgar Link pending
R25.htm Edgar Link pending
R26.htm Edgar Link pending
R27.htm Edgar Link pending
R28.htm Edgar Link pending
R29.htm Edgar Link pending
R3.htm Edgar Link pending
R30.htm Edgar Link pending
R31.htm Edgar Link pending
R32.htm Edgar Link pending
R33.htm Edgar Link pending
R34.htm Edgar Link pending
R35.htm Edgar Link pending
R36.htm Edgar Link pending
R37.htm Edgar Link pending
R38.htm Edgar Link pending
R39.htm Edgar Link pending
R4.htm Edgar Link pending
R40.htm Edgar Link pending
R41.htm Edgar Link pending
R42.htm Edgar Link pending
R43.htm Edgar Link pending
R44.htm Edgar Link pending
R45.htm Edgar Link pending
R46.htm Edgar Link pending
R47.htm Edgar Link pending
R48.htm Edgar Link pending
R49.htm Edgar Link pending
R5.htm Edgar Link pending
R50.htm Edgar Link pending
R51.htm Edgar Link pending
R52.htm Edgar Link pending
R53.htm Edgar Link pending
R54.htm Edgar Link pending
R6.htm Edgar Link pending
R7.htm Edgar Link pending
R8.htm Edgar Link pending
R9.htm Edgar Link pending
report.css Edgar Link pending
Show.js Edgar Link pending
soho-20140930.xml Edgar Link completed
soho-20140930.xsd Edgar Link pending
soho-20140930_cal.xml Edgar Link unprocessable
soho-20140930_def.xml Edgar Link unprocessable
soho-20140930_lab.xml Edgar Link unprocessable
soho-20140930_pre.xml Edgar Link unprocessable