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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net loss $ (961,937) $ (1,151,061)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 2,210,081 2,339,044
Stock compensation 433,285 171,840
Bad debt expense 18,139 1,919
Gain on sale of real estate assets, net (1,214,242) (74,213)
Amortization of financing costs 227,374 136,170
Amortization of above-market leases 17,455 21,480
Amortization of below-market leases (47,599) (63,592)
Straight-line rent adjustment (14,856) (112,556)
Changes in operating assets and liabilities:    
Other assets 2,051,150 348,615
Accounts payable and accrued liabilities (459,901) (100,175)
Accrued real estate taxes (941,134) (781,793)
Net cash provided by operating activities 1,317,815 735,678
Cash flows from investing activities:    
Real estate acquisitions   (7,284,141)
Additions to buildings and tenant improvements (2,696,422) (1,204,778)
Additions to deferred leasing costs (151,903) (167,412)
Proceeds from sales of real estate, net 10,836,118 853,608
Net cash provided by (used in) investing activities 7,987,793 (7,802,723)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 3,674,303 5,091,811
Repayment of mortgage notes payable (7,682,670) (1,251,678)
Redemption of mandatorily redeemable preferred stock (900,000)  
Contributions from noncontrolling interests net of distributions paid (258,708) 1,017,739
Dividends paid to stockholders (1,075,521)  
Net cash (used in) provided by financing activities (6,242,596) 4,857,872
Net increase (decrease) in cash equivalents and restricted cash 3,063,012 (2,209,173)
Cash equivalents and restricted cash - beginning of period 9,776,215 8,310,575
Cash equivalents and restricted cash - end of period 12,839,227 6,101,402
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 580,650 1,074,500
Interest paid-mortgage notes payable $ 1,727,008 $ 1,857,578