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INVESTMENTS IN UNCONSOLIDATED ENTITIES - Summarized Financial Information (Details) - USD ($) | 12 Months Ended |
--- | --- | ---
Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017
Assets: |  |  |
Cash and cash equivalents and restricted cash | $ 6,936,930 | $ 8,755,928 | $ 4,182,755
The TIC Interest |  |  |
Assets: |  |  |
Real estate investments, net | 30,858,240 | 31,668,300 |
Cash and cash equivalents | 275,760 | 466,379 |
Other assets | 228,770 | 117,075 |
Total assets | 31,362,770 | 32,251,754 |
Liabilities: |  |  |
Mortgage notes payable, net | 13,746,635 | 13,994,844 |
Below-market lease, net | 2,953,360 | 3,103,778 |
Other liabilities | 68,587 | 61,188 |
Total liabilities | 16,768,582 | 17,159,810 |
Total shareholders' equity | 14,594,188 | 15,091,944 |
Total liabilities, redeemable common stock and shareholders' equity | 31,362,770 | 32,251,754 |
Total revenue | 2,705,126 | 2,678,110 |
Expenses: |  |  |
Depreciation and amortization | 993,564 | 991,621 |
Interest expense | 574,086 | 584,059 |
Other expenses | 731,044 | 730,448 |
Total expenses | 2,298,694 | 2,306,128 |
Other income: |  |  |
Net loss | 406,432 | 371,982 |
Rich Uncles Real Estate Investment Trust I (“REIT I”) |  |  |
Assets: |  |  |
Real estate investments, net | 0 | 125,075,537 |
Cash and cash equivalents and restricted cash | 0 | 3,376,145 |
Other assets | 0 | 3,070,475 |
Total assets | 0 | 131,522,157 |
Liabilities: |  |  |
Mortgage notes payable, net | 0 | 61,446,068 |
Below-market lease, net | 0 | 3,105,843 |
Other liabilities | 0 | 3,359,618 |
Total liabilities | 0 | 67,911,529 |
Redeemable common stock | 0 | 163,572 |
Total shareholders' equity | 0 | 63,447,056 |
Total liabilities, redeemable common stock and shareholders' equity | 0 | 131,522,157 |
Total revenue | 13,132,226 | 13,166,631 |
Expenses: |  |  |
Depreciation and amortization | 5,787,709 | 5,783,643 |
Interest expense | 3,425,625 | 2,813,430 |
Other expenses | 5,342,365 | 4,603,963 |
Impairment of real estate investment property | 0 | 862,190 |
Total expenses | 14,555,699 | 14,063,226 |
Other income: |  |  |
Gain on sale of real estate investment property, net | (1,850,845) | 0 |
Loss on debt restructuring | 1,964,618 | 0 |
Total other income | 113,773 | 0 |
Net loss | $ (1,309,700) | $ (896,595) |

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