SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Mar. 31, 2017

Stockholders' Equity Note [Abstract]

Schedule of reconciliation of loss available for common shareholders and the weighted average number of shares and units

The following table shows the reconciliation of loss available for common shareholders and the weighted average number of shares used in the company’s basic and diluted earnings per share computations.

	Three Months Ended
	March 31,
Numerator	2017			2016
Net loss attributable to common shareholders – basic	$	(796,479	)	$	(866,134	)
Loss attributable to non-controlling interest		(29,841	)		(37,823	)
Net loss – diluted	$	(826,320	)	$	(903,957	)
Denominator
Weighted average number of common shares – basic		20,430,465			20,207,438
Effect of potential dilutive securities:
Weighted average operating partnership units, assuming conversion of all units to common shares		767,959			886,371
Weighted average number of common shares – diluted(a)		21,198,424			21,093,809

(a) Due to the net loss for the three months ended March 31, 2017 and 2016, the incremental shares related to the unvested restricted stock and the warrants were excluded as they were anti-dilutive. Furthermore, the average share price of the company’s common stock was below the exercise price of the warrants for the three months ended March 31, 2017 and 2016.