Annual report pursuant to Section 13 and 15(d)

Asset Acquisition - Summary of Consideration for Acquisition of Benchmark (Details)

v3.20.2
Asset Acquisition - Summary of Consideration for Acquisition of Benchmark (Details) - USD ($)
$ in Thousands
 12 Months Ended
Dec. 30, 2019
Dec. 31, 2019
Dec. 31, 2018
Less: Cash received   $ (109)
Rental Home Portfolio Assets [Member]      
Cash $ 250    
Promissory notes payable, related party 9,750    
Assumed indebtedness 85,507    
Assumed indebtedness, related party 1,230    
Assumed legal settlements 1,240    
Common stock 15,385    
Series I non-convertible preferred stock 117,926    
Less: Cash received (109)    
Restricted cash received [1] (1,351)    
Consideration paid $ 229,828    
[1] The Company is required to keep certain accounts at the issuing bank for one of the assumed notes payable for the i) aggregate amount of interest due and payable under all outstanding issuer notes on the next monthly payment date, and ii) the estimated costs and expenses related to the ownership, servicing, operation and maintenance of the purchased assets and iii) reserve for applicable tax liabilities, with cash balances temporarily restricted for regular business operations.