2020 Q2 Form 10-Q Financial Statement

#000152754120000039 Filed on August 04, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $15.17M $15.53M
YoY Change -2.34% -8.32%
Cost Of Revenue $4.570M $4.600M
YoY Change -0.65% 1.77%
Gross Profit $10.60M $10.94M
YoY Change -3.11% -11.92%
Gross Profit Margin 69.88% 70.44%
Selling, General & Admin $1.620M $1.380M
YoY Change 17.39% -39.21%
% of Gross Profit 15.28% 12.61%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.860M $2.880M
YoY Change -0.69% -13.51%
% of Gross Profit 26.98% 26.33%
Operating Expenses $6.060M $17.41M
YoY Change -65.19% 22.54%
Operating Profit $4.535M -$2.209M
YoY Change -305.3% -180.83%
Interest Expense $4.273M $4.947M
YoY Change -13.62% -4.5%
% of Operating Profit 94.22%
Other Income/Expense, Net
YoY Change
Pretax Income $262.0K -$7.156M
YoY Change -103.66% 192.56%
Income Tax -$6.000K $7.000K
% Of Pretax Income -2.29%
Net Earnings $254.0K -$7.051M
YoY Change -103.6% 362.36%
Net Earnings / Revenue 1.67% -45.4%
Basic Earnings Per Share -$0.35
Diluted Earnings Per Share -$0.35 -$727.6K
COMMON SHARES
Basic Shares Outstanding 9.696M shares 9.693M shares
Diluted Shares Outstanding 9.696M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.700M $3.900M
YoY Change 97.44% -4.88%
Cash & Equivalents $7.660M $3.934M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $8.698M $5.546M
Other Receivables
Total Short-Term Assets $16.40M $9.400M
YoY Change 74.47% -2.08%
LONG-TERM ASSETS
Property, Plant & Equipment $415.9M $434.3M
YoY Change -4.24% -1.54%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $40.40M $48.90M
YoY Change -17.38% -23.59%
Total Long-Term Assets $460.8M $489.4M
YoY Change -5.84% -6.99%
TOTAL ASSETS
Total Short-Term Assets $16.40M $9.400M
Total Long-Term Assets $460.8M $489.4M
Total Assets $477.2M $498.8M
YoY Change -4.33% -6.91%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $12.40M $10.00M
YoY Change 24.0% -15.25%
Accrued Expenses $11.90M $11.90M
YoY Change 0.0%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $24.30M $21.90M
YoY Change 10.96% 47.97%
LONG-TERM LIABILITIES
Long-Term Debt $331.6M $346.6M
YoY Change -4.33% -5.27%
Other Long-Term Liabilities $9.700M $15.40M
YoY Change -37.01% -12.99%
Total Long-Term Liabilities $341.3M $362.0M
YoY Change -5.72% -5.63%
TOTAL LIABILITIES
Total Short-Term Liabilities $24.30M $21.90M
Total Long-Term Liabilities $341.3M $362.0M
Total Liabilities $365.6M $383.9M
YoY Change -4.78% -3.64%
SHAREHOLDERS EQUITY
Retained Earnings -$258.4M -$244.8M
YoY Change 5.56% 14.01%
Common Stock $97.00K $97.00K
YoY Change 0.0% 4.3%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $17.19M $30.68M
YoY Change
Total Liabilities & Shareholders Equity $477.2M $498.8M
YoY Change -4.33% -6.91%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income $254.0K -$7.051M
YoY Change -103.6% 362.36%
Depreciation, Depletion And Amortization $2.860M $2.880M
YoY Change -0.69% -13.51%
Cash From Operating Activities $4.270M $5.110M
YoY Change -16.44% -17.05%
INVESTING ACTIVITIES
Capital Expenditures -$210.0K -$680.0K
YoY Change -69.12% -46.03%
Acquisitions
YoY Change
Other Investing Activities $0.00 $0.00
YoY Change -100.0%
Cash From Investing Activities -$220.0K -$690.0K
YoY Change -68.12% -146.31%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -4.350M -2.670M
YoY Change 62.92% -58.08%
NET CHANGE
Cash From Operating Activities 4.270M 5.110M
Cash From Investing Activities -220.0K -690.0K
Cash From Financing Activities -4.350M -2.670M
Net Change In Cash -300.0K 1.750M
YoY Change -117.14% 36.72%
FREE CASH FLOW
Cash From Operating Activities $4.270M $5.110M
Capital Expenditures -$210.0K -$680.0K
Free Cash Flow $4.480M $5.790M
YoY Change -22.63% -21.97%

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CY2020Q1 us-gaap Loss Contingency Damages Awarded Value
LossContingencyDamagesAwardedValue
485000 USD
CY2018Q3 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
1000000 USD
CY2020Q2 us-gaap Loss Contingency Damages Sought Value
LossContingencyDamagesSoughtValue
3150000 USD
CY2019Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
114000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
163000 USD
CY2020Q2 us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
21000 USD
us-gaap Marketing And Advertising Expense
MarketingAndAdvertisingExpense
52000 USD
CY2019Q4 us-gaap Minority Interest
MinorityInterest
2080000 USD
CY2020Q2 us-gaap Minority Interest
MinorityInterest
2071000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-8079000 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-7269000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2633000 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
1121000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7807000 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
7494000 USD
CY2019Q2 us-gaap Net Income Loss
NetIncomeLoss
-7051000 USD
us-gaap Net Income Loss
NetIncomeLoss
-6409000 USD
CY2020Q2 us-gaap Net Income Loss
NetIncomeLoss
254000 USD
us-gaap Net Income Loss
NetIncomeLoss
-1614000 USD
CY2019Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10709000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13724000 USD
CY2020Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3403000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-8928000 USD
CY2020Q2 us-gaap Number Of Real Estate Properties
NumberOfRealEstateProperties
60 property
CY2019Q4 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
6716000 USD
CY2020Q2 us-gaap Off Market Lease Unfavorable
OffMarketLeaseUnfavorable
5554000 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-2209000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
3246000 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
4535000 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
8089000 USD
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OperatingLeaseCost
247000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
494000 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
227000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
453000 USD
CY2019Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
15391000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
31161000 USD
CY2020Q2 us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
14809000 USD
us-gaap Operating Lease Lease Income
OperatingLeaseLeaseIncome
30164000 USD
CY2019Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
11974000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
24435000 USD
CY2020Q2 us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
12050000 USD
us-gaap Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
24163000 USD
CY2019Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11921000 USD
CY2020Q2 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
11918000 USD
CY2019Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
169000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
339000 USD
CY2020Q2 us-gaap Operating Lease Payments
OperatingLeasePayments
145000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
291000 USD
CY2019Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11651000 USD
CY2020Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
11555000 USD
CY2019Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P35Y
CY2020Q2 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P34Y
CY2019Q4 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
9557000 USD
CY2020Q2 us-gaap Other Accounts Payable And Accrued Liabilities
OtherAccountsPayableAndAccruedLiabilities
12358000 USD
CY2019Q4 us-gaap Other Assets
OtherAssets
588000 USD
CY2020Q2 us-gaap Other Assets
OtherAssets
1748000 USD
CY2019Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
204000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
389000 USD
CY2020Q2 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
6000 USD
us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
83000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-927000 USD
us-gaap Other Noncash Income Expense
OtherNoncashIncomeExpense
-562000 USD
CY2019Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
CY2020Q2 us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
0 USD
us-gaap Other Nonoperating Expense
OtherNonoperatingExpense
1024000 USD
CY2019Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1380000 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
3194000 USD
CY2020Q2 us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
1615000 USD
us-gaap Other Selling General And Administrative Expense
OtherSellingGeneralAndAdministrativeExpense
3487000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
293000 USD
us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
326000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
946000 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
544000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
24000 USD
us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
0 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
341000 USD
us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
341000 USD
us-gaap Preferred Stock Amount Of Preferred Dividends In Arrears
PreferredStockAmountOfPreferredDividendsInArrears
23960000 USD
CY2020Q2 us-gaap Preferred Stock Redemption Price Per Share
PreferredStockRedemptionPricePerShare
25.00
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
16500000 USD
us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
13350000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
3584000 USD
us-gaap Proceeds From Sale Of Other Real Estate
ProceedsFromSaleOfOtherRealEstate
1665000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
19000 USD
us-gaap Proceeds From Sale Of Property Held For Sale
ProceedsFromSaleOfPropertyHeldForSale
0 USD
CY2019Q2 us-gaap Professional Fees
ProfessionalFees
328000 USD
us-gaap Professional Fees
ProfessionalFees
927000 USD
CY2020Q2 us-gaap Professional Fees
ProfessionalFees
919000 USD
us-gaap Professional Fees
ProfessionalFees
1945000 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
655000 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-7163000 USD
us-gaap Profit Loss
ProfitLoss
-6508000 USD
CY2020Q1 us-gaap Profit Loss
ProfitLoss
-1877000 USD
CY2020Q2 us-gaap Profit Loss
ProfitLoss
268000 USD
us-gaap Profit Loss
ProfitLoss
-1609000 USD
us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.03
CY2019Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
110000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
200000 USD
CY2020Q2 us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
431000 USD
us-gaap Provision For Loan Lease And Other Losses
ProvisionForLoanLeaseAndOtherLosses
585000 USD
CY2019Q4 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
50466000 USD
CY2020Q2 us-gaap Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
55551000 USD
CY2019Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
466681000 USD
CY2020Q2 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
459937000 USD
CY2019Q4 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
416215000 USD
CY2020Q2 us-gaap Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
404386000 USD
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
439000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
24286000 USD
us-gaap Repayments Of Secured Debt
RepaymentsOfSecuredDebt
20845000 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16426000 USD
CY2019Q4 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
16140000 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
15277000 USD
CY2019Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-251580000 USD
CY2020Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-258372000 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
141000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
366000 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
360000 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
579000 USD
CY2019Q2 us-gaap Revenues
Revenues
15532000 USD
us-gaap Revenues
Revenues
31527000 USD
CY2020Q2 us-gaap Revenues
Revenues
15169000 USD
us-gaap Revenues
Revenues
30743000 USD
CY2019Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
11904000 USD
CY2020Q2 us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
us-gaap Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
0 USD
CY2019Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
431000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
1107000 USD
CY2020Q2 us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
375000 USD
us-gaap Salaries Wages And Officers Compensation
SalariesWagesAndOfficersCompensation
782000 USD
CY2019Q4 us-gaap Secured Debt
SecuredDebt
340913000 USD
CY2020Q2 us-gaap Secured Debt
SecuredDebt
331615000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
172000 USD
us-gaap Share Based Compensation
ShareBasedCompensation
0 USD
CY2019Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
166000 USD
CY2019Q4 us-gaap Stockholders Equity
StockholdersEquity
23927000 USD
CY2020Q2 us-gaap Stockholders Equity
StockholdersEquity
17193000 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44255000 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
42509000 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
32778000 USD
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26007000 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21563000 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
19264000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
93000 USD
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
92000 USD
CY2019Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3658000 USD
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
7315000 USD
CY2020Q2 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
3657000 USD
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
7314000 USD
CY2019Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9693271 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9650000 shares
CY2020Q2 us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9695651 shares
us-gaap Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
9694967 shares
whlr Asset Management Fee Percent Fee
AssetManagementFeePercentFee
0.02
CY2019Q2 whlr Corporate Administration Expense
CorporateAdministrationExpense
303000 USD
whlr Corporate Administration Expense
CorporateAdministrationExpense
608000 USD
CY2020Q2 whlr Corporate Administration Expense
CorporateAdministrationExpense
294000 USD
whlr Corporate Administration Expense
CorporateAdministrationExpense
625000 USD
whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
1147000 USD
whlr Disposal Group Including Discontinued Operation Impairmentof Real Estate
DisposalGroupIncludingDiscontinuedOperationImpairmentofRealEstate
600000 USD
CY2019Q4 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
1974000 USD
CY2020Q2 whlr Disposal Group Including Discontinued Operation Liabilities Noncurrent Netof Deferred Finance Costs
DisposalGroupIncludingDiscontinuedOperationLiabilitiesNoncurrentNetofDeferredFinanceCosts
4013000 USD
CY2020Q2 whlr Finite Lived Intangible Assets Amortization Expense Year Six
FiniteLivedIntangibleAssetsAmortizationExpenseYearSix
1207000 USD
CY2020Q2 whlr Finite Lived Intangible Assets Amortization Expense Year Six Thereafter
FiniteLivedIntangibleAssetsAmortizationExpenseYearSixThereafter
2975000 USD
whlr Insurance Coverage Amount
InsuranceCoverageAmount
250000 USD
CY2020Q2 whlr Lessee Operating Lease Liability Payments Due After Year Six
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearSix
22460000 USD
CY2020Q2 whlr Lessee Operating Lease Liability Payments Due Year Six
LesseeOperatingLeaseLiabilityPaymentsDueYearSix
648000 USD
whlr Lessor Operating Lease Number Of Underlying Asset Classes
LessorOperatingLeaseNumberOfUnderlyingAssetClasses
2 asset_class
CY2020Q2 whlr Lessor Operating Lease Optionto Extend Amount
LessorOperatingLeaseOptiontoExtendAmount
7540000 USD
CY2020Q2 whlr Lessor Operating Lease Paymentstobe Received Six Years
LessorOperatingLeasePaymentstobeReceivedSixYears
17672000 USD
CY2020Q2 whlr Longterm Debt Maturities Repaymentsof Principal After Year Six
LongtermDebtMaturitiesRepaymentsofPrincipalAfterYearSix
49856000 USD
CY2020Q2 whlr Longterm Debt Maturities Repaymentsof Principalin Year Six
LongtermDebtMaturitiesRepaymentsofPrincipalinYearSix
91426000 USD
whlr Maturity Of Highly Liquid Investments
MaturityOfHighlyLiquidInvestments
P90D
whlr Minimum Percentage Of Distribution Of Taxable Income To Stockholders
MinimumPercentageOfDistributionOfTaxableIncomeToStockholders
0.9
CY2020Q2 whlr Number Of Office Buildings
NumberOfOfficeBuildings
1 Building
CY2020Q2 whlr Numberof Undeveloped Land Parcels
NumberofUndevelopedLandParcels
6 parcel
CY2019Q4 whlr Offmarketlease Favorable
OffmarketleaseFavorable
5241000 USD
CY2020Q2 whlr Offmarketlease Favorable
OffmarketleaseFavorable
4452000 USD
whlr Past Due Rent Term
PastDueRentTerm
P5D
CY2019Q4 whlr Percentage Of Ownership Interests In Operating Partnership
PercentageOfOwnershipInterestsInOperatingPartnership
0.098
CY2019Q2 whlr Property Operating Costs
PropertyOperatingCosts
4595000 USD
whlr Property Operating Costs
PropertyOperatingCosts
9321000 USD
CY2020Q2 whlr Property Operating Costs
PropertyOperatingCosts
4573000 USD
whlr Property Operating Costs
PropertyOperatingCosts
9296000 USD
CY2019Q2 whlr Revenues Gross
RevenuesGross
15642000 USD
whlr Revenues Gross
RevenuesGross
31727000 USD
CY2020Q2 whlr Revenues Gross
RevenuesGross
15600000 USD
whlr Revenues Gross
RevenuesGross
31328000 USD
CY2019Q4 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
347059000 USD
CY2020Q2 whlr Secureddebtgrossofunamortizeddebtissuancecost
Secureddebtgrossofunamortizeddebtissuancecost
339564000 USD
CY2019Q4 whlr Tenant Relationships
TenantRelationships
2173000 USD
CY2020Q2 whlr Tenant Relationships
TenantRelationships
1636000 USD
whlr Term Of Disqualification To Be Taxed As Reit Due To Losses Of Reit Status
TermOfDisqualificationToBeTaxedAsReitDueToLossesOfReitStatus
P5Y
CY2020Q2 whlr Undeveloped Land Parcels
UndevelopedLandParcels
6 property
us-gaap Intangible Assets Finite Lived Policy Costs Incurred To Renew Or Extend
IntangibleAssetsFiniteLivedPolicyCostsIncurredToRenewOrExtend
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Above and Below Market Lease Intangibles, net</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;"></font><font style="font-family:inherit;font-size:10pt;">The Company determines the above and below market lease intangibles upon acquiring a property. Above and below market lease intangibles are amortized over the life of the respective leases. Amortization of above and below market lease intangibles is recorded as a component of rental revenues.</font></div></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;text-align:left;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has reclassified certain prior period amounts in the accompanying condensed consolidated financial statements in order to be consistent with the current period presentation. These reclassifications had no effect on net income, total assets, total liabilities or equity. The revenue from asset management fees and commissions were reclassified to other revenues on the condensed consolidated statements of operations for consistency with current period presentation. </font></div></div>
us-gaap Use Of Estimates
UseOfEstimates
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Use of Estimates</font></div><div style="line-height:120%;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br clear="none"/></font></div><div style="line-height:120%;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">The Company has made estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and revenues and expenses during the reported periods. The Company&#8217;s actual results could differ from these estimates.</font></div></div>

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