XML 14 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2016
Dec. 31, 2015
Investment in real estate:    
Land $ 6,736,848 $ 5,539,877
Building and improvements 4,866,537 3,680,502
Land and Land Improvements 11,603,385 9,220,379
Less: accumulated depreciation (476,139) (223,450)
Investment in real estate, net 11,127,246 8,996,929
Cash 2,151 199,570
Accounts receivable 2,406 0
Other assets 233,277 221,033
Equipment, net 4,592
Total Assets 11,369,672 9,417,532
LIABILITIES    
Accounts payable and accrued liabilities 185,079 88,210
Due to related parties 414,892 14,895
Note payable - related party 74,307 0
Prepaid rent received 13,048 39,598
Notes payable 5,076,733 4,271,665
Total Liabilities 5,764,059 4,414,368
SHAREHOLDERS' EQUITY    
Preferred Stock, 9,980,000 shares authorized, $0.001 par value; 0 shares issued and outstanding (2015-no shares) 0 0
Common stock, 500,000,000 shares authorized, par value $0.01; 9681929 shares outstanding (2015-7566815) 96,819 75,668
Additional paid-in capital 16,803,120 12,390,239
Accumulated deficit (12,424,339) (7,994,647)
Total American Housing Income Trust, Inc.'s Shareholders' Equity 4,475,600 4,471,260
Non-controlling interest 1,130,013 531,904
Total Shareholders' Equity 5,605,613 5,003,164
Total Liabilities and Shareholders' Equity 11,369,672 9,417,532
Preferred Class A [Member]    
SHAREHOLDERS' EQUITY    
Preferred Stock - Series A, 20,000 shares authorized, $0.001 par value; 0 shares issued and outstanding (2015-no shares) $ 0 $ 0