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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net income (loss) $ 136,188 $ (350,208)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization, net 956,127 956,127
Amortization of deferred financing costs 35,840 284,378
Straight-line rental income (13,460) (48,167)
Equity-based compensation 41,251 41,250
Changes in assets and liabilities:    
Rents and tenant receivables 69,530 223,258
Prepaid expenses and other assets (32,862) 3,466
Accrued expenses and accounts payable (24,978) (279,832)
Deferred rental income 4,342 217,149
Due to affiliates 0 (757)
Net cash provided by operating activities 1,171,978 1,046,664
Cash flows from investing activities:    
Net cash used in investing activities 0 0
Cash flows from financing activities:    
Proceeds from issuance of common stock 0 350,000
Redemptions of common stock (287,293) (232,884)
Offering costs on issuance of common stock 0 (37,072)
Distribution and stockholder servicing fees paid (26,573) (31,330)
Distributions to stockholders (504,843) (512,516)
Deferred financing costs paid 0 (3,003)
Net cash used in financing activities (818,709) (466,805)
Net increase in cash and cash equivalents 353,269 579,859
Cash and cash equivalents, beginning of period 1,206,262 635,959
Cash and cash equivalents, end of period 1,559,531 1,215,818
Supplemental disclosures of non-cash investing and financing activities:    
Distributions declared and unpaid 123,993 127,455
Change in accrued distribution and stockholder servicing fees due to affiliate (6,107) 1,000
Common stock issued through distribution reinvestment plan 270,500 363,436
Supplemental Cash Flow Disclosures:    
Interest paid 407,654 572,371
Cash paid for taxes $ 1,745 $ 4,611