XML 32 R20.htm IDEA: XBRL DOCUMENT v3.5.0.2

Summary of Significant Accounting Policies (Tables)

6 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

The following schedule summarizes the Company’s amortization of deferred expenses for the six months ended June 30, 2016 and 2015, respectively:

		June 30, 2016			June 30, 2015
Credit Facility Financing Costs		$	105,009		$	117,558
Leasing Costs			45,717			58,262
Lease Intangibles			3,712,461			2,102,674
Total		$	3,863,187		$	2,278,494

The following schedule represents estimated future amortization of deferred expenses as of June 30, 2016:

Year Ending December 31,		2016
		(remaining)			2017			2018			2019			2020			Thereafter			Total
Credit Facility Financing Costs		$	105,010		$	210,018		$	122,752		$	-		$	-		$	-		$	437,780
Leasing Costs			75,310			155,717			153,790			150,080			145,745			458,934			1,139,576
Lease Intangibles			4,789,753			8,426,610			8,199,180			7,775,636			7,491,372			63,828,296			100,510,847
Total		$	4,970,073		$	8,792,345		$	8,475,722		$	7,925,716		$	7,637,117		$	64,287,230		$	102,088,203

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

The following is a reconciliation of the denominator of the basic net earnings per common share computation to the denominator of the diluted net earnings per common share computation for each of the periods presented:

		Three Months Ended						Six Months Ended
		June 30, 2016			June 30, 2015			June 30, 2016			June 30, 2015
Weighted average number of common shares outstanding			22,406,775			17,759,453			21,536,791			17,677,794
Less: Unvested restricted stock			(221,250)			(220,095)			(221,250)			(220,095)
Weighted average number of common shares outstanding used in basic earnings per share			22,185,525			17,539,358			21,315,541			17,457,699
Weighted average number of common shares outstanding used in basic earnings per share			22,185,525			17,539,358			21,315,541			17,457,699
Effect of dilutive securities: restricted stock			79,614			47,694			69,557			53,719
Weighted average number of common shares outstanding used in diluted earnings per share			22,265,139			17,587,052			21,385,098			17,511,418

X

- References

No definition available.

+ Details

Name:	us-gaap_AccountingPoliciesAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 260
-SubTopic 10
-Section 50
-Paragraph 1
-URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257

+ Details

Name:	us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the amount of amortization expense expected to be recorded in succeeding fiscal years for finite-lived intangible assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 30
-Section 50
-Paragraph 2
-Subparagraph (a)
-URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275

+ Details

Name:	us-gaap_ScheduleofFiniteLivedIntangibleAssetsFutureAmortizationExpenseTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration