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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (2,038,611) $ (3,648,060)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 3,959,194 4,604,933
Stock compensation 635,758 286,182
Bad debt expense 19,088 26,661
Gain on sale of real estate assets, net (1,390,634) (429,489)
Amortization of financing costs 400,131 272,989
Amortization of above-market leases 30,125 37,401
Amortization of below-market leases (94,541) (123,120)
Straight-line rent adjustment (9,267) (249,065)
Changes in operating assets and liabilities:    
Other assets 947,911 1,190,605
Accounts payable and accrued liabilities 1,525,219 251,331
Accrued real estate taxes (1,571,491) (1,500,066)
Net cash provided by operating activities 2,412,882 720,302
Cash flows from investing activities:    
Real estate acquisitions (6,116,035) (10,196,098)
Additions to buildings and tenant improvements (4,660,917) (1,808,140)
Additions to deferred leasing costs (661,401) (348,579)
Proceeds from sales of real estate, net 14,848,959 4,215,867
Net cash provided by (used in) investing activities 3,410,606 (8,136,950)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 9,151,851 18,169,709
Repayment of mortgage notes payable (10,939,681) (7,790,196)
Redemption of mandatorily redeemable preferred stock (900,000)  
Contributions from noncontrolling interests net of distributions paid (63,530) 1,177,510
Repurchase of common stock (119,958)  
Dividends paid to stockholders (1,075,521)  
Net cash (used in) provided by financing activities (3,946,839) 11,557,023
Net increase in cash equivalents and restricted cash 1,876,649 4,140,375
Cash equivalents and restricted cash - beginning of period 9,776,215 8,310,575
Cash equivalents and restricted cash - end of period 11,652,864 12,450,950
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 1,146,872 2,160,939
Interest paid-mortgage notes payable $ 3,072,901 $ 3,795,201