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Consolidated Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
ASSETS    
Cash $ 639,781 $ 354,867
Accounts receivable 8,188
Rental properties, net 7,374,807 7,730,087
Prepaid expenses and other assets 113,592 116,967
Property and equipment, net 22,035 28,695
Security deposits 1,100 600
Total Assets 8,159,503 8,231,216
LIABILITIES:    
Convertible note payable 2,000,000
Convertible note payable - related party 20,000 2,020,000
Accounts payable 117,985
Accrued expenses 94,641 54,636
Accrued expenses - related parties 3,000 34,800
Deferred revenues 1,750 2,750
Security deposits payable - related parties 71,800
Security deposits payable 74,468 6,032
Total Liabilities 2,193,859 2,308,003
Commitments and Contingencies
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at December 31, 2019 and 2018 ($1.00 per share liquidation preference) 2,000 2,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 11,901,548 and 17,441,552 issued and outstanding at December 31, 2019 and 2018, respectively 11,902 17,442
Additional paid-in capital 20,806,452 20,746,200
Accumulated deficit (14,854,710) (14,842,429)
Total Stockholders' Equity 5,965,644 5,923,213
Total Liabilities and Stockholders' Equity $ 8,159,503 $ 8,231,216