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Other Assets, Net
12 Months Ended
Dec. 31, 2016
Other Assets [Abstract]  
Other Assets Disclosure [Text Block]
5. Other Assets, Net
Other assets, net consisted of the following as of December 31, 2016 and 2015:
 
December 31,
 
2016
 
2015
Deferred financing costs, net of accumulated amortization of $112,000 as of December 31, 2016(1)
$
943,000

 
$

Prepaid expenses and deposits
257,000

 

Deferred rent receivables
207,000

 

 
$
1,407,000

 
$

___________
(1)
In accordance with ASU 2015-03 and ASU 2015-15, deferred financing costs, net only include costs related to the Line of Credit, as defined in Note 7, Line of Credit.
Amortization expense on deferred financing costs of the Line of Credit for the year ended December 31, 2016 was $112,000. Amortization expense on deferred financing costs of the Line of Credit is recorded to interest expense in our accompanying consolidated statements of operations. We did not incur any amortization expense on deferred financing costs of the Line of Credit for the period from January 23, 2015 (Date of Inception) through December 31, 2015.