Acquisitions (Tables)

12 Months Ended

Dec. 31, 2017

Schedule of Company's Acquisitions of Operating Stores

The following table shows the Company’s acquisitions of operating stores for the year ended December 31, 2016, and does not include purchases of construction or improvements made to existing assets:

			Consideration Paid
	Number of	Date of					Common Stock		Contingent
Property Location	Stores	Acquisition	Total		Cash Paid		Issued		Consideration
Ohio	1	8/29/2016	$	5,300,000	$	5,300,000	$	—	$	—
Indiana	1	9/26/2016		7,700,000		7,700,000		—		—
New York/ Connecticut	2	12/30/2016		7,800,000		5,924,998		975,002		900,000
Totals	4		$	20,800,000	$	18,924,998	$	975,002	$	900,000

Summary of Revenue and Earnings Associated with 2016 Acquisitions

The following table summarizes the revenues and earnings related to the four stores acquired during 2016 since their acquisition dates, which are included in the Company’s consolidated statements of operations for the year ended December 31, 2016.

	Year Ended
	December 31, 2016
Total revenue	$	433,054
Net income		75,883

Summary of Consolidated Results of Operations on Pro Forma Basis

The unaudited pro forma information presented below does not purport to represent what the Company’s actual results of operations would have been for the periods indicated, nor does it purport to represent the Company’s future results of operations.

	For the Period
	January 19, 2016
	to
	December 31, 2016
Pro forma revenue	$	6,881,146
Pro forma net income	$	1,116,895
Basic and diluted per share net income - as reported	$	0.05
Basic and diluted per share net income - pro forma	$	0.15