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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net loss $ (1,151,061) $ (944,185)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,339,044 2,503,516
Stock compensation 171,840 136,920
Bad debt expense 1,919 49,388
Gain on sale of real estate assets, net (74,213) (541,462)
Amortization of financing costs 136,170 371,248
Amortization of above-market leases 21,480 30,841
Amortization of below-market leases (63,592) (85,455)
Straight-line rent adjustment (112,556) (170,978)
Changes in operating assets and liabilities:    
Other assets 348,615 545,484
Accounts payable and accrued liabilities (100,175) (69,117)
Accrued real estate taxes (781,793) (618,885)
Net cash provided by operating activities 735,678 1,207,315
Cash flows from investing activities:    
Real estate acquisitions (7,284,141)  
Additions to buildings and tenant improvements (1,204,778) (963,445)
Additions to deferred leasing costs (167,412) (18,865)
Proceeds from sales of real estate 853,608 5,218,976
Net cash (used in) provided by investing activities (7,802,723) 4,236,666
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 5,091,811  
Repayment of mortgage notes payable (1,251,678) (3,229,748)
Redemption of mandatorily redeemable preferred stock   (1,000,000)
Contributions from noncontrolling interests net of distributions paid 1,017,739 606,303
Repurchase of common stock   (13,755)
Dividends paid to stockholders   (1,171,981)
Net cash provided by (used in) financing activities 4,857,872 (4,809,181)
Net (decrease) increase in cash equivalents and restricted cash (2,209,173) 634,800
Cash equivalents and restricted cash - beginning of period 8,310,575 6,626,423
Cash equivalents and restricted cash - end of period 6,101,402 7,261,223
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 1,074,500 1,405,600
Interest paid-mortgage notes payable $ 1,857,578 1,908,791
Non-cash investing and financing activities:    
Reinvestment of cash dividends   570,680
Accrual of dividends payable   $ 1,198,631