Other Assets

6 Months Ended

Jun. 30, 2019

Other Assets [Abstract]

Other Assets

12. Other Assets

The following table summarizes the other assets as of June 30, 2019 and December 31, 2018:

	June 30, 2019		December 31, 2018
Deferred financing costs, net	$	297,334	$	397,823
Fair value of derivative instruments (Note 17)		118,279		626,633
Taxable mortgage revenue bonds, at fair value		1,441,316		1,409,895
Operating lease right-of-use assets, net		1,689,247		-
Other assets		1,288,071		2,081,258
Total other assets	$	4,834,247	$	4,515,609

See Note 2 for a discussion of the operating lease right-of-use lease assets, net, recorded pursuant to the adoption of ASC 842 effective January 1, 2019.  

See Note 22 for a description of the methodology and significant assumptions for determining the fair value of derivative instruments and taxable MRBs. Unrealized gains or losses on these assets are recorded in the condensed consolidated statements of comprehensive income (loss) to reflect changes in their estimated fair values resulting from market conditions and fluctuations in the present value of the expected cash flows from the assets.