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Other Assets
9 Months Ended
Sep. 30, 2018
Other Assets [Abstract]  
Other Assets

6. OTHER ASSETS

Other assets consist of the following:   

 

 

 

September 30,

 

 

December 31,

 

 

 

2018

 

 

2017

 

Deferred rent receivable

 

$

3,541,656

 

 

$

3,227,700

 

Raw land

 

 

900,000

 

 

 

900,000

 

Prepaid expenses, deposits and other

 

 

485,737

 

 

 

1,410,363

 

Accounts receivable, net

 

 

436,698

 

 

 

1,108,110

 

Other intangibles, net

 

 

314,057

 

 

 

374,733

 

Notes receivable

 

 

316,374

 

 

 

316,374

 

Total other assets

 

$

5,994,522

 

 

$

7,337,280

 

 

As of December 31, 2017, there was $1.0 million of deferred offering costs related to the Company’s filing of a registration statement on Form S-11 included in other assets. Due to the uncertainty of the timing of the offering, we expensed all offering costs of approximately $1.5 million which is included in the consolidated statements of operations for the nine months ended September 30, 2018.