XML 16 R2.htm IDEA: XBRL DOCUMENT v3.19.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Assets    
Real estate assets, net $ 53,811,737 $ 55,045,563
Cash and cash equivalents 1,526,203 2,147,460
Restricted cash 186,063 108,955
Investments in securities 1,567,607 1,552,090
Accounts receivable 67,604 103,289
Prepaid expenses and other assets 263,767 221,830
Line of credit issuance costs 471,196  
Goodwill 694,121 694,121
Total assets 58,588,298 59,873,308
Liabilities and equity    
Note payable 19,269,250 19,417,405
Accounts payable and accrued expenses 2,113,172 1,954,919
Total liabilities 21,382,422 21,372,324
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value: 50,000,000 shares authorized, no shares outstanding
Common stock, $0.01 par value: 450,000,000 shares authorized, 7,692,624 and 7,619,469 issued and outstanding at December 31, 2018 and 2017, respectively 76,926 76,195
Additional paid in capital 33,961,903 33,881,863
Accumulated comprehensive income   796,603
Retained earnings 3,167,047 3,746,323
Total equity 37,205,876 38,500,984
Total liabilities and equity $ 58,588,298 $ 59,873,308