INCOME TAXES (as restated) (Tables)

12 Months Ended

Dec. 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):

	Year Ended December 31,
	2016			2015			2014
	(in thousands)			(in thousands)			(in thousands)
GAAP consolidated net income (loss) attributable to Five Oaks Investment Corp		(10,426	)		450			3,313
GAAP net loss (income) from REIT operations		9,090			(1,826	)		(3,650	)
GAAP net income (loss) of taxable subsidiary		(1,336	)		(1,376	)		(337	)
Capitalized transaction fees		(41	)		(41	)		596
Unrealized gain (loss)		1,964			2,041			(3,670	)
Deferred income		204			-			-
Tax income (loss) of taxable subsidiary before utilization of net operating losses		791			624			(3,411	)
Utilizations of net operating losses		(791	)		(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 December 31, 2016			As of December 31, 2015
Accumulated net operating losses of TRS		758			1,058
Unrealized gain (loss)		127			(618	)
Capitalized transaction costs		196			210
Deferred income		77			-
AMT Credit		12			9
Deferred tax asset		1,170			659
Valuation allowance		(1,170	)		(659	)
Net non-current deferred tax asset (liability)		-			-