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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2019
Accounting Policies [Abstract]  
Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the statements of cash flows.
September 30, 2019December 31, 2018
Cash and cash equivalents$10,300,620  $7,882,862  
Restricted cash CRE 2017-FL1, Ltd.32,668,889  24,085,890  
Restricted cash CRE 2018-FL2, Ltd.$48,368,323  $27,245,060  
Total cash, cash equivalents and restricted cash$91,337,832  $59,213,812  
Reconciliation of Cash, Cash Equivalents and Restricted Cash
The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the condensed consolidated balance sheets that sum to the total of the same amounts shown in the statements of cash flows.
September 30, 2019December 31, 2018
Cash and cash equivalents$10,300,620  $7,882,862  
Restricted cash CRE 2017-FL1, Ltd.32,668,889  24,085,890  
Restricted cash CRE 2018-FL2, Ltd.$48,368,323  $27,245,060  
Total cash, cash equivalents and restricted cash$91,337,832  $59,213,812