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Offering Costs
6 Months Ended
Jun. 30, 2012
Offering Costs [Abstract]  
Offering Costs

Note H Offering Costs

Through June 30, 2012, we have incurred external offering costs of $3,052,936, of which we have incurred $912,877 and $228,841 for the six month periods ended June 30, 2012 and 2011, respectively, and are reflected as deferred costs on Registrant’s Condensed Balance Sheets. Such costs are comprised of accounting fees, legal fees, and other professional fees. Such costs have been deferred and shall be recorded as a reduction of proceeds of the Consolidation and IPO (as defined below), or expensed as incurred if the Consolidation and IPO is not consummated. $297,983 and $922,728 of these costs are in Due to Supervisor at June 30, 2012 and December 31, 2011. Additional offering costs for work done by employees of the Supervisor of $80,187 and $47,168 for the six months ended June 30, 2012 and 2011, respectively, were incurred and advanced by the Supervisor and have been or will be reimbursed to the Supervisor by the entities to be included in the Consolidation and IPO.