BONDS PAYABLE (Tables)

6 Months Ended

Jun. 30, 2018

Bonds Payable Tables Abstract

Schedule of bonds and interest payable

The outstanding balance of these Bonds at June 30, 2018 is as follows:

	June 30, 2018			December 31, 2017
Bonds (Series A)	$	109,552		$	115,336
Bonds (Series B)		37,726			—
Less: deferred issuance expense, net		(7,210	)		(5,916	)
Accrued Interest		3,829			3,627
	$	143,897		$	113,047

Schedule of principal payments on the bonds payable

The aggregate maturity of the bonds are as follows:

Year
2018	$	—
2019		23,067
2020		23,067
2021		23,067
2022		30,903
Thereafter		47,174
	$	147,278