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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 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 consolidated balance sheets that sum to the total of the same amounts shown in the statement of cash flows.
December 31, 2019December 31, 2018
Cash and cash equivalents$10,942,115  $7,882,862  
Restricted cash CRE 2017-FL1, Ltd.$2,158,497  $24,085,890  
Restricted cash CRE 2018-FL2, Ltd.$2,911,218  $27,245,060  
Total cash, cash equivalents and restricted cash$16,011,830  $59,213,812