Property and Equipment (Tables)

9 Months Ended

Sep. 30, 2016

Property, Plant and Equipment [Abstract]

Schedule of Property Plant and Equipment

The gross carrying amount and accumulated depreciation of the Company’s property and equipment as of September 30, 2016 and December 31, 2015 are as follows:

	September 30,  2016			December 31, 2015
Land	$	1,577,500		$	1,611,000
Land Improvements		200,000			200,000
Buildings and Improvements		32,703,011			35,610,444
Furniture, Fixtures and Equipment		988,437			1,051,473
Construction in Progress		3,633,122			3,300,300
		39,102,070			41,773,217
Less Accumulated Depreciation		(3,029,552	)		(2,031,511	)
	$	36,072,518		$	39,741,706

	For the Three Months Ended September 30,				For the Nine Months Ended September 30,
	2016		2015		2016		2015
Capitalized Interest	$	-	$	-	$	-	$	105,867
Depreciation Expense		287,389		338,355		1,182,849		949,080
Cash Paid for Capital Expenditures		-		6,823		13,660		328,651
Construction in Progress Financed with Debt		129,606		-		319,163		-