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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Cash flows from operating activities:    
Net loss $ 914,977 $ (5,246,847)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,714,446 6,873,828
Stock compensation 809,127 429,273
Bad debt expense 19,088 26,661
Gain on sale of real estate assets, net (6,243,819) (795,521)
Impairment of real estate assets 0 532,951
Accretion of original issue discount 48,793 0
Amortization of financing costs 592,598 414,896
Amortization of above-market leases 42,796 48,938
Amortization of  below-market leases (140,777) (172,223)
Straight-line rent adjustment (26,590) (259,600)
Changes in operating assets and liabilities:    
Other assets 1,709,386 1,003,579
Accounts payable and accrued liabilities (244,791) (40,994)
Accrued real estate taxes (817,366) (558,596)
Net cash provided by operating activities 2,377,868 2,256,345
Cash flows from investing activities:    
Real estate acquisitions (6,116,035) (15,225,886)
Additions to buildings and tenant improvements (5,182,033) (2,141,551)
Additions to deferred leasing costs (661,401) (582,823)
Proceeds from sales of real estate, net 29,211,836 8,404,012
Net cash provided by (used in) investing activities 17,252,367 (9,546,248)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 10,667,286 21,679,160
Repayment of mortgage notes payable (20,723,326) (11,063,157)
Proceeds from note payable, net of issuance costs $1.1 million 11,623,164 0
Redemption of mandatorily redeemable preferred stock (16,900,000) 0
Contributions (distributions) from noncontrolling interests net of distributions paid (628,462) 204,425
Repurchase of common stock (215,206) 0
Dividends paid to stockholders (2,158,467) 0
Net cash (used in) provided by financing activities (18,335,011) 10,820,428
Net increase in cash equivalents and restricted cash 1,295,224 3,530,525
Cash equivalents and restricted cash - beginning of period 9,776,215 8,310,575
Cash equivalents and restricted cash - end of period 11,071,439 11,841,100
Supplemental disclosure of cash flow information:    
Interest paid Series B preferred stock 1,859,672 3,259,317
Interest paid-mortgage notes payable $ 4,792,830 $ 5,749,421