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INCOME TAXES - Taxable Income Reconciliation (Details) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Dec. 31, 2017
Income Tax Disclosure [Line Items]          
Net income (loss) $ 4,353,026 $ (4,256,337) $ (5,822,037) $ (4,183,767)  
REIT Operation          
Income Tax Disclosure [Line Items]          
Net income (loss)     6,830,000   $ (4,645,000)
Five Oaks Investment Corp          
Income Tax Disclosure [Line Items]          
Net income (loss)     (5,822,000)   4,707,000
Subsidiaries          
Income Tax Disclosure [Line Items]          
Net income (loss)     1,008,000   62,000
Capitalized transaction fees     (31,000)   (41,000)
Unrealized gain (loss)     (231,000)   639,000
Deferred income     176,000   19,000
Tax income of taxable subsidiary before utilization of net operating losses     922,000   679,000
Utilization of net operating losses     (922,000)   (679,000)
Net tax income of taxable subsidiary     $ 0   $ 0