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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
8 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2017
Cash flows from operating activities    
Net loss $ (180,557) $ (125,524)
Adjustments to reconcile net income to net cash provided by (used in) operating activities    
Depreciation and amortization 595,478 1,341,262
Amortization of loan procurement costs 10,609 31,826
Cash from wholly owned subsidiaries consolidated upon change of status 464,586  
Changes in operating assets and liabilities:    
Restricted cash (86,668) (35,659)
Accounts receivable (50,861) 57,283
Prepaid expenses and other assets (28,880) (55,883)
Accounts payable and accrued expenses 344,469 181,025
Net cash provided by operating activities 1,068,176 1,394,330
Cash flows from investing activities    
Improvements and equipment additions (124,024) (212,973)
Construction in progress (2,314,073) (100,389)
Acquisition of self storage facilities (13,000,000)  
Proceeds from sale of investments 3,429,889  
Net cash used in investing activities (12,008,208) (313,362)
Cash flows from financing activities    
Dividends paid (1,446,269) (1,485,797)
Proceeds from note payable, net 19,353,754  
Net cash (used in) provided by financing activities 17,907,485 (1,485,797)
Net (decrease) increase in cash and cash equivalents 6,967,453 (404,829)
Cash and cash equivalents, beginning of period 29,763 2,911,640
Cash and cash equivalents, end of period 6,997,216 2,506,811
Supplemental schedule of cash flow information    
Interest paid $ 225,902 $ 628,800