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SHAREHOLDERS' EQUITY (Tables)
6 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
Schedule of reconciliation of loss available for common shareholders and the weighted average number of shares and units
   

 

Three Months Ended

 

 

Six Months Ended

    June 30,   June 30,
 Numerator   2016   2015   2016   2015
                 
Net (loss) income attributable to common shareholders – basic   $ (1,138,590)     $ 185,179     $ (2,004,724)     $ (937,853)  
                                 
(Loss) income attributable to non-controlling interest     (45,446)       8,584       (83,269)       (180,644)  
                                 
Net (loss) income  – diluted   $ (1,184,036)     $ 193,763     $ (2,087,993)     $ (1,118,497)  
                                 
Denominator                                
Weighted average common shares – basic     20,318,219       20,068,192       20,262,828       17,866,360  
                                 
Effect of potential dilutive securities:                                
                                 
Weighted average operating partnership units, assuming conversion of all units to common shares     820,205       930,232       853,288       1,778,084  
                                 
Warrants           1,647,797       —         —    
                                 
Weighted average common shares – diluted(a)     21,138,424       22,646,221       21,116,116       19,644,444  

 

  (a) Due to the net loss for the three and six months ended June 30, 2016, the incremental shares related to the unvested restricted stock and the warrants were excluded as they were anti-dilutive.  Due to the net loss for six months ended June 30, 2015, the incremental shares related to the warrants were excluded as they were anti-dilutive.  There were no unvested restricted stock for three months and six months ended June 30, 2015