INCOME TAXES (Tables)

3 Months Ended

Mar. 31, 2016

Income Tax Disclosure [Abstract]

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

The following table reconciles the Company’s TRS GAAP net income (loss) to taxable income (in thousands):

	As of March 31, 2016		As of December 31, 2015
	(in thousands)		(in thousands)
GAAP consolidated net income (loss) attributable to Five Oaks Investment Corp		(16,948)		450
GAAP net loss (income) from REIT operations		15,880		(1,826)
GAAP net income (loss) of taxable subsidiary		(1,068)		(1,376)
Capitalized transaction fees		(41)		(41)
Unrealized gain (loss)		1,059		2,041
Tax income of taxable subsidiary before utilization of net operating losses		(50)		624
Utilizations of net operating losses		50		(624)
Net tax income of taxable subsidiaries		-		-

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

The TRS has a deferred tax asset on which the Company has a 100% valuation allowance, comprised of the following (in thousands): 

	As of March 31, 2016		As of December 31, 2015
Accumulated net operating losses of TRS		1,077		1,058
Unrealized gain (loss)		(216)		(618)
Capitalized transaction costs		195		210
AMT Credit		4		9
Deferred tax asset		1,060		659
Valuation allowance		(1,060)		(659)
Net non-current deferred tax asset (liability)		-		-