LODGING FUND REIT III, INC.: 10-Q filed 2024-08-23

Name: LODGING FUND REIT III, INC.: 10-Q filed 2024-08-23
Creator: LODGING FUND REIT III, INC.

What LODGING FUND REIT III, INC. reported in its quarterly report filed 2024-08-23 (fiscal Q3 2023): 34 published measures, 108 facts as tagged in accession 0001558370-24-012463.

This filing

Form: 10-Q (quarterly report)
Filed: 2024-08-23
Fiscal period: fiscal Q3 2023
Accession: 0001558370-24-012463 on SEC EDGAR

Values are as tagged in this filing. A later filing can restate them; each measure links to its history page, which shows the latest-filed value per period. All LODGING FUND REIT III, INC. filings.

Reported measures

Total assets

Resources recognized on the balance sheet. Book assets are not the market value of the business.

Period	Value	Unit	Days
At 2023-09-30	310,127,851	USD
At 2022-12-31	312,385,762	USD

Total liabilities

Recognized obligations at the reporting date. The definition and scope differ from interest-bearing debt.

Period	Value	Unit	Days
At 2023-09-30	232,265,592	USD
At 2022-12-31	223,393,216	USD

Stockholders equity

The reported residual interest after liabilities. It is an accounting amount, not market capitalization.

Period	Value	Unit	Days
At 2023-09-30	18,505,910	USD
At 2022-12-31	26,654,451	USD

Cash and cash equivalents

Cash and qualifying short-term liquid investments under the filer’s accounting policy. Restricted cash and longer-term investments may be reported separately.

Period	Value	Unit
At 2023-09-30	4,470,530	USD
At 2022-12-31	6,193,449	USD
At 2022-09-30	7,610,165	USD
At 2021-12-31	7,866,401	USD

Net income or loss

Reported profit or loss for the period. Check the filing for attribution, exceptional items and discontinued operations before comparing companies.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-1,265,831	USD	92
2023-01-01 to 2023-09-30	-4,376,215	USD	273
2022-07-01 to 2022-09-30	-5,027,981	USD	92
2022-01-01 to 2022-09-30	-9,878,573	USD	273

Operating cash flow

Cash generated or used by operating activities. Working-capital timing can make this differ substantially from reported income.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	2,285,665	USD	92
2023-01-01 to 2023-09-30	6,034,691	USD	273
2023-04-01 to 2023-06-30	3,484,371	USD	91
2023-01-01 to 2023-03-31	264,655	USD	90
2022-07-01 to 2022-09-30	2,173,668	USD	92
2022-01-01 to 2022-09-30	-1,003,358	USD	273
2022-04-01 to 2022-06-30	68,428	USD	91
2022-01-01 to 2022-03-31	-3,245,454	USD	90

Revenue

Revenue under this specific accounting concept. A missing value is not zero; filers can use other revenue concepts.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	20,939,757	USD	92
2023-01-01 to 2023-09-30	57,965,868	USD	273
2022-07-01 to 2022-09-30	15,933,950	USD	92
2022-01-01 to 2022-09-30	37,561,177	USD	273

Financing cash flow

Net cash from financing activities, including borrowing, repayments and transactions with owners. A positive amount does not establish operating profitability.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-1,489,395	USD	273
2022-01-01 to 2022-09-30	51,764,621	USD	273

Investing cash flow

Net cash from investing activities, including asset purchases, disposals and investment transactions. This differs from capital expenditure payments alone.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-6,204,487	USD	273
2022-01-01 to 2022-09-30	-47,624,374	USD	273

Retained earnings or deficit

Accumulated undistributed earnings or deficit at the reporting date. This balance is not cash available for distribution.

Period	Value	Unit	Days
At 2023-09-30	-78,251,439	USD
At 2022-12-31	-67,239,693	USD

Basic weighted-average shares

Time-weighted shares used for basic earnings per share. This denominator differs from shares outstanding at a single reporting date.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	9,857,876	shares	92
2023-01-01 to 2023-09-30	9,753,255	shares	273
2022-07-01 to 2022-09-30	9,340,058	shares	92
2022-01-01 to 2022-09-30	8,905,257	shares	273

Diluted weighted-average shares

Weighted-average shares used for diluted earnings per share. Potential shares are included under the applicable dilution rules, not simply added to outstanding shares.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	9,753,255	shares	273
2022-01-01 to 2022-09-30	8,905,257	shares	273

Basic earnings per share

Reported earnings or loss per basic common share or unit. Inspect attribution, share classes and restatements before comparing periods. This is not a market return.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-0.13	USD/shares	92
2023-01-01 to 2023-09-30	-0.45	USD/shares	273
2022-07-01 to 2022-09-30	-0.54	USD/shares	92
2022-01-01 to 2022-09-30	-1.11	USD/shares	273

Diluted earnings per share

Reported earnings or loss per share under dilution rules. Antidilutive instruments may be excluded. A diluted value can equal the basic value without implying no potential dilution.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-0.45	USD/shares	273
2022-01-01 to 2022-09-30	-1.11	USD/shares	273

Income tax expense or benefit

Current and deferred income tax expense or benefit for continuing operations. This accounting expense differs from cash taxes paid.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-21,137	USD	92
2023-01-01 to 2023-09-30	-122,130	USD	273
2022-07-01 to 2022-09-30	6,215,577	USD	92
2022-01-01 to 2022-09-30	5,788,557	USD	273

Share-based compensation expense

Reported noncash expense for share-based payment arrangements. Noncash treatment does not mean the awards have no economic cost to shareholders.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	31,710	USD	273
2022-01-01 to 2022-09-30	45,000	USD	273

Interest expense

Borrowing costs recognized as interest expense. This is distinct from cash interest paid and may not include every capitalized borrowing cost.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	3,622,611	USD	92
2023-01-01 to 2023-09-30	11,050,307	USD	273
2022-07-01 to 2022-09-30	2,998,008	USD	92
2022-01-01 to 2022-09-30	7,644,072	USD	273

Net finite-lived intangible assets

Finite-lived intangible assets after amortization. This excludes goodwill and should not be combined with indefinite-lived intangible assets without checking scope.

Period	Value	Unit	Days
At 2023-09-30	2,233,322	USD
At 2022-12-31	2,363,114	USD

Common shares outstanding

Common shares outstanding at the reporting date. This point-in-time count differs from the weighted-average shares used for earnings per share and can exclude other share classes.

Period	Value	Unit	Days
At 2023-09-30	9,892,637	shares
At 2022-12-31	9,607,463	shares

Cash including restricted cash

Cash, cash equivalents and restricted cash as reported in the cash flow reconciliation. Restricted amounts are not freely available, so this is not the same as unrestricted cash.

Period	Value	Unit
At 2023-09-30	15,267,090	USD
At 2022-12-31	16,926,281	USD
At 2022-09-30	17,473,289	USD
At 2021-12-31	14,336,400	USD

Additional paid-in capital

Capital contributed above par value under this concept. It records historical contributions, not the current value of the equity or cash on hand.

Period	Value	Unit	Days
At 2023-09-30	96,658,424	USD
At 2022-12-31	93,798,070	USD

Total equity including noncontrolling interests

Equity including the portion attributable to noncontrolling interests. It is larger than or equal to parent stockholders equity and is not market capitalization.

Period	Value	Unit
At 2023-09-30	77,862,259	USD
At 2023-06-30	81,428,115	USD
At 2023-03-31	83,488,713	USD
At 2022-12-31	88,992,546	USD
At 2022-09-30	94,922,840	USD
At 2022-06-30	87,888,019	USD
At 2022-03-31	89,177,992	USD
At 2021-12-31	72,456,400	USD

Long-term debt

Long-term borrowings under this concept, which can include the current portion depending on presentation. It is not total liabilities and may exclude leases and other obligations.

Period	Value	Unit	Days
At 2023-09-30	192,848,681	USD
At 2022-12-31	189,678,547	USD

Pre-tax income or loss from continuing operations

Income or loss from continuing operations before income taxes and noncontrolling interests. It excludes discontinued operations and is not net income.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-1,715,201	USD	92
2023-01-01 to 2023-09-30	-6,018,795	USD	273
2022-07-01 to 2022-09-30	-539,158	USD	92
2022-01-01 to 2022-09-30	-7,608,864	USD	273

Profit or loss including noncontrolling interests

Net income or loss including the portion attributable to noncontrolling interests. It can differ from the net income attributable to the parent that per-share figures use.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-1,694,064	USD	92
2023-01-01 to 2023-09-30	-5,896,665	USD	273
2023-04-01 to 2023-06-30	-276,427	USD	91
2023-01-01 to 2023-03-31	-3,926,174	USD	90
2022-07-01 to 2022-09-30	-6,754,735	USD	92
2022-01-01 to 2022-09-30	-13,397,421	USD	273
2022-04-01 to 2022-06-30	-3,142,251	USD	91
2022-01-01 to 2022-03-31	-3,500,435	USD	90

General and administrative expense

General and administrative costs reported under this concept, separate from selling expense. Filers group overhead differently, so compare presentation before comparing companies.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	2,721,467	USD	92
2023-01-01 to 2023-09-30	7,579,924	USD	273
2022-07-01 to 2022-09-30	3,055,244	USD	92
2022-01-01 to 2022-09-30	7,675,667	USD	273

Depreciation expense

Depreciation recognized for the period under this concept. It is a noncash allocation of asset cost and may exclude amortization and depletion reported elsewhere.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	7,387,704	USD	273
2022-01-01 to 2022-09-30	5,426,165	USD	273

Other nonoperating income or expense

Other income or expense outside operations under this concept. The composition is filer-specific and can include one-time items.

Period	Value	Unit	Days
2023-07-01 to 2023-09-30	-27,615	USD	92
2023-01-01 to 2023-09-30	1,383,302	USD	273
2022-07-01 to 2022-09-30	3,429,368	USD	92
2022-01-01 to 2022-09-30	2,971,319	USD	273

Deferred income tax expense or benefit

The deferred portion of income tax expense or benefit, arising from timing differences. It is not tax paid in the period.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	-121,957	USD	273
2022-01-01 to 2022-09-30	5,792,126	USD	273

Interest paid, net

Cash interest paid during the period, net of amounts capitalized where the filer reports it that way. It differs from interest expense recognized.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	9,564,398	USD	273
2022-01-01 to 2022-09-30	5,188,936	USD	273

Income taxes paid, net

Cash income taxes paid net of refunds during the period. It differs from income tax expense and can reflect prior years and estimated payments.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	0	USD	273
2022-01-01 to 2022-09-30	0	USD	273

Proceeds from issuing common stock

Cash received from issuing common stock during the period. It is gross of costs only where the filer reports it so, and it does not include noncash issuances.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	1,669,870	USD	273
2022-01-01 to 2022-09-30	10,907,523	USD	273

Change in accounts receivable

The cash flow adjustment for the change in receivables during the period. A positive value under this concept means receivables grew and reduced operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	42,384	USD	273
2022-01-01 to 2022-09-30	395,504	USD	273

Change in accounts payable

The cash flow adjustment for the change in payables during the period. A positive value under this concept means payables grew and added to operating cash flow.

Period	Value	Unit	Days
2023-01-01 to 2023-09-30	1,221,098	USD	273
2022-01-01 to 2022-09-30	1,415,532	USD	273

Inspect the source

Entity: LODGING FUND REIT III, INC. / CIK 0001745032
Captured: 2026-09-21T17:25:43.346Z
SEC response SHA-256: 2cc5284d5e5ce1227a32886602aafbaa0f14d02c84aec2c0f61f3965d45bc849

Current SEC company facts · Download the original response snapshot (gzip) · Download the selected JSON

Every published concept a filing tagged, with the periods it covered, as reported in that filing at capture time. Forms 10-K, 10-K/A, 10-Q, 10-Q/A, 20-F, 20-F/A, 40-F, 40-F/A. A filing page needs at least 8 published concepts. Later filings can restate these values; the company history pages show the latest-filed value per period.

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import json
from urllib.request import urlopen

with urlopen("https://canlicapital.com/company-data/0001745032.json") as response:
    record = json.load(response)
print(record["fetched_at"])
print(record["policy"])
for concept in record["concepts"]:
    print(concept["tag"], next(iter(concept["observations"])))