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v3.20.1

DEBT - Future principal repayments (Details) - USD ($) | Dec. 31, 2019 | Dec. 31, 2018
--- | --- | ---
Debt Instrument [Line Items] |  |
2020 | $ 18,802,287 |
2021 | 33,031,199 |
2022 | 24,479,249 |
2023 | 26,222,084 |
2024 | 27,256,880 |
Thereafter | 78,487,782 |
Total principal | 208,279,481 |
Plus: unamortized mortgage premium, net of discount | 489,664 |
Less: deferred financing costs, net | (2,280,077) |
Total | 206,489,068 |
Mortgage Notes Payable |  |
Debt Instrument [Line Items] |  |
2020 | 6,262,287 |
2021 | 33,031,199 |
2022 | 24,479,249 |
2023 | 26,222,084 |
2024 | 27,256,880 |
Thereafter | 78,487,782 |
Total principal | 195,739,481 |
Plus: unamortized mortgage premium, net of discount | 489,664 |
Less: deferred financing costs, net | (2,189,938) |
Total | 194,039,207 |
Short-term Notes Payable |  |
Debt Instrument [Line Items] |  |
2020 | 4,800,000 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total principal | 4,800,000 |
Plus: unamortized mortgage premium, net of discount | 0 |
Less: deferred financing costs, net | 0 |
Total | 4,800,000 |
New Credit Facility |  |
Debt Instrument [Line Items] |  |
2020 | 7,740,000 |
2021 | 0 |
2022 | 0 |
2023 | 0 |
2024 | 0 |
Thereafter | 0 |
Total principal | 7,740,000 |
Plus: unamortized mortgage premium, net of discount | 0 |
Less: deferred financing costs, net | (90,139) |
Total | 7,649,861 |
Mortgage Notes Payable |  |
Debt Instrument [Line Items] |  |
Total principal | 195,739,481 | $ 125,022,937
Plus: unamortized mortgage premium, net of discount | 489,664 | 0
Less: deferred financing costs, net | (2,189,938) | (2,313,629)
Total | $ 194,039,207 | $ 122,709,308

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- Definition Amount, after accumulated amortization, of debt discount (premium). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28555-108399 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28551-108399 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28567-108399 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 45 -Paragraph 1A -URI http://asc.fasb.org/extlink&oid=114775744&loc=d3e28541-108399 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 835 -SubTopic 30 -Section 55 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=114775985&loc=d3e28878-108400 + Details
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