XML 88 R8.htm IDEA: XBRL DOCUMENT v3.20.1
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income from continuing operations $ 786,287 $ 362,504
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 147,554 190,127
Changes in operating assets and liabilities:    
(Increase) Decrease in rents and other receivables (144,979) 62,055
(Decrease) Increase in security deposit escrow 5,217 (10,168)
Decrease in prepaid insurance 151 54
Decrease in utility deposit 6,530
(Increase) Decrease in accounts payable and accrued expenses (3,272) 3,065
Decrease in unearned rental income (5,000)
Decrease in deferred award escrow (249) (371)
Payment of leasing commission (38,716)
Security deposit (refund) receipt (5,000) 10,000
Increase (Decrease) in due to General Partner 347 (240)
Net cash provided from operating activities 753,870 612,026
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Interest applied to Indemnification Trust account (10,864) (6,889)
Net cash used in investing activities (10,864) (6,889)
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Cash distributions to Limited Partners (800,000) (650,000)
Cash distributions to General Partner (3,145) (1,451)
Net cash used in financing activities (803,145) (651,451)
NET DECREASE IN CASH (60,139) (46,314)
CASH AT BEGINNING OF YEAR 99,360 145,674
CASH AT END OF YEAR $ 39,221 $ 99,360