INCOME TAXES (as restated) (Tables)

9 Months Ended

Sep. 30, 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 September 30, 2016			As of December 31, 2015
	(in thousands)			(in thousands)
GAAP consolidated net income (loss) attributable to Five Oaks Investment Corp		(22,897	)		450
GAAP net loss (income) from REIT operations		21,068			(1,826	)
GAAP net income (loss) of taxable subsidiary		(1,829	)		(1,376	)
Capitalized transaction fees		(31	)		(41	)
Unrealized gain (loss)		2,372			2,041
Tax income of taxable subsidiary before utilization of net operating losses		512			624
Utilizations of net operating losses		(512	)		(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 September 30, 2016			As of December 31, 2015
Accumulated net operating losses of TRS		864			1,058
Unrealized loss		282			(618	)
Capitalized transaction costs		200			210
AMT Credit		4			9
Deferred tax asset (liability)		1,350			659
Valuation allowance		(1,350	)		(659	)
Net non-current deferred tax asset (liability)		-			-