American Realty Capital - Retail Centers of America II, Inc.
CIK:0001609866|SEC Filings
CONSOLIDATED STATEMENT OF OPERATIONS AND COMPREHENSIVE LOSS - USD ($) $ in Thousands |
2 Months Ended | 3 Months Ended | 6 Months Ended |
|---|---|---|---|
Jun. 30, 2014 |
Jun. 30, 2015 |
Jun. 30, 2015 |
|
| Income Statement [Abstract] | |||
| Revenues | $ 0 | $ 0 | $ 0 |
| Expenses: | |||
| General and administrative | 17 | 211 | 533 |
| Total expenses | 17 | 211 | 533 |
| Net loss | (17) | (211) | (533) |
| Comprehensive loss | $ (17) | $ (211) | $ (533) |
| Basic and diluted weighted average shares outstanding (in dollars per share) | 5,282 | 8,888 | 8,888 |
| Basic and diluted net loss per share (in dollars per share) | $ (3.22) | $ (23.74) | $ (59.97) |
CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($) $ in Thousands |
2 Months Ended | 6 Months Ended |
|---|---|---|
Jun. 30, 2014 |
Jun. 30, 2015 |
|
| Cash flows from operating activities: | ||
| Net loss | $ (17) | $ (533) |
| Adjustment to reconcile net loss to net cash used in operating activities: | ||
| Share-based compensation | 0 | 5 |
| Changes in assets and liabilities: | ||
| Prepaid expenses and other assets | 0 | 7 |
| Accounts payable and accrued expenses | 17 | 365 |
| Net cash used in operating activities | 0 | (156) |
| Cash flows from financing activities: | ||
| Proceeds from issuance of common stock | 200 | 0 |
| Payments of offering costs | (736) | (55) |
| Advances from affiliate | 536 | 361 |
| Net cash provided by financing activities | 0 | 306 |
| Net change in cash | 0 | 150 |
| Cash, beginning of period | 3 | |
| Cash, end of period | 0 | 153 |
| Supplemental Disclosures: | ||
| Change in offering costs in accounts payable and accrued expenses | $ 244 | $ 1,125 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands |
Jun. 30, 2015 |
Dec. 31, 2014 |
|---|---|---|
| ASSETS | ||
| Cash | $ 153 | $ 3 |
| Prepaid expenses and other assets | 52 | 59 |
| Total assets | 205 | 62 |
| LIABILITIES AND STOCKHOLDERS' DEFICIT | ||
| Accounts payable and accrued expenses (including $2,914 and $1,732 due to affiliates as of June 30, 2015 and December 31, 2014, respectively) | 4,301 | 2,450 |
| Total liabilities | 4,301 | 2,450 |
| Preferred stock, $0.01 par value, 50,000,000 authorized, none issued or outstanding | 0 | 0 |
| Common stock, $0.01 par value, 300,000,000 shares authorized, 14,220 shares of common stock issued and outstanding as of June 30, 2015 and December 31, 2014 | 0 | 0 |
| Additional paid-in capital | (3,403) | (2,228) |
| Accumulated deficit | (693) | (160) |
| Total stockholders' deficit | (4,096) | (2,388) |
| Total liabilities and stockholders' deficit | $ 205 | $ 62 |