XML 11 R2.htm IDEA: XBRL DOCUMENT v3.3.1.900
Consolidated Balance Sheets - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Investment in real estate:    
Land $ 5,539,877 $ 3,881,285
Building and improvements 3,680,502 1,410,583
Real estate investment, gross 9,220,379 5,291,868
Less: accumulated depreciation (223,450) (119,398)
Investment in real estate, net 8,996,929 5,172,470
Cash 199,570 304,371
Notes receivable 0 120,000
Other assets 221,033 79,344
Total Assets 9,417,532 5,676,185
LIABILITIES    
Accounts payable and accrued liabilities 88,210 25,847
Due to related parties 14,895 54,382
Prepaid rent received 39,598 7,450
Notes payable 4,271,665 2,016,144
Total Liabilities 4,414,368 2,103,823
SHAREHOLDERS' EQUITY    
Preferred Stock, 9,980,000 shares authorized, $0.001 par value; no shares issued and outstanding as of December 31, 2015 (December 31, 2014 - no shares) 0 0
Preferred Stock - Series A, 20,000 shares authorized, $0.001 par value; no shares issued and outstanding as of December 31, 2015 (December 31, 2014 - no shares) 0 0
Common stock, 500,000,000 shares authorized, par value $0.01; 7,566,815 shares outstanding as of December 31, 2015 (December 31, 2014 - 3,797,305 shares) 75,668 37,973
Additional paid-in capital 12,390,239 8,762,612
Accumulated deficit (7,994,647) (5,228,223)
Total American Housing Income Trust, Inc.'s Shareholders' Equity 4,471,260 3,572,362
Non-controlling interest 531,904 0
Total Shareholders' Equity 5,003,164 3,572,362
Total Liabilities and Shareholders' Equity $ 9,417,532 $ 5,676,185