CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 8 Months Ended | 9 Months Ended | |
|---|---|---|---|---|
Sep. 30, 2017 |
Sep. 30, 2016 |
Sep. 30, 2016 |
Sep. 30, 2017 |
|
| Revenues | ||||
| Rental income | $ 1,871,642 | $ 1,306,822 | $ 3,305,590 | $ 5,357,521 |
| Other property related income | 61,515 | 42,463 | 114,208 | 171,556 |
| Total revenues | 1,933,157 | 1,349,285 | 3,419,798 | 5,529,077 |
| Expenses | ||||
| Property operations | 777,872 | 525,102 | 1,449,341 | 2,190,818 |
| General and administrative | 640,566 | 393,561 | 1,055,014 | 1,489,566 |
| Depreciation and amortization | 439,342 | 236,503 | 595,478 | 1,341,261 |
| Business development and property acquisition costs | 105 | 238,537 | 397,570 | 14,295 |
| Total expenses | 1,857,885 | 1,393,703 | 3,497,403 | 5,035,940 |
| Operating income (loss) | 75,272 | (44,418) | (77,605) | 493,137 |
| Other income (expense) | ||||
| Dividend and interest income | 15,591 | 46,905 | 133,559 | 41,965 |
| Interest expense | (220,209) | (219,859) | (236,511) | (660,626) |
| Total other income (expense), net | (204,618) | (172,954) | (102,952) | (618,661) |
| Net loss | $ (129,346) | $ (217,372) | $ (180,557) | $ (125,524) |
| Earnings per share - basic and diluted | $ (0.02) | $ (0.03) | $ (0.02) | $ (0.02) |
| Weighted average shares outstanding - basic and diluted | 7,619,469 | 7,416,766 | 7,416,766 | 7,619,469 |