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CONSOLIDATED STATEMENT OF CASH FLOWS (Unaudited) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2013
Cash flows from operating activities:    
Net income (loss) $ 19,046 $ 12,958
Adjustments to reconcile net income (loss) to net cash provided by (used in) operating activities:    
Amortization of equity-based compensation   12,988
Changes in assets and liabilities:    
Receivables, net   (12,236)
Prepaid expense   (29,208)
Due to related party   6,860
Net cash provided by (used in) operating activities   (8,638)
Cash flows from investing activities:    
Acquisition of real estate debt investments   (2,500,000)
Net cash provided by (used in) investing activities   (2,500,000)
Cash flows from financing activities:    
Net proceeds from issuance of common stock, related party   1,972,151
Net proceeds from issuance of common stock   552,206
Distributions paid on common stock   (2,934)
Proceeds from distribution reinvestment plan   51
Net cash provided by (used in) financing activities   2,521,474
Net increase (decrease) in cash   12,836
Cash - beginning of period   202,007
Cash - end of period 214,843 214,843
Supplemental disclosure of non-cash investing and financing activities:    
Accrued cost of capital (refer to Note 4) 5,078 5,078
Subscriptions receivable, gross 22,000 22,000
Escrow deposits payable related to real estate debt investments   25,103
Distribution payable $ 43,764 $ 43,764