SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)

12 Months Ended

Dec. 31, 2019

Quarterly Financial Information Disclosure [Abstract]

Quarterly Financial Data

Selected quarterly financial data is as follows:

	For the Quarter Ended
(in thousands, except per share data)	March 31			June 30			September 30			December 31
2019
Total revenues	$	5,963		$	7,001		$	12,548		$	14,865
Total operating expenses	$	(7,693	)	$	(8,808	)	$	(14,108	)	$	(16,420	)
Total other expenses	$	(1,201	)	$	(1,154	)	$	(2,776	)	$	(3,159	)
Total (reimbursement to) expense support from the Advisor, net	$	(2,205	)	$	1,045		$	658		$	(6,966	)
Net loss	$	(5,136	)	$	(1,916	)	$	(3,678	)	$	(11,680	)
Net loss attributable to common stockholders	$	(5,122	)	$	(1,912	)	$	(3,672	)	$	(11,662	)
Net loss per common share - basic and diluted (1)	$	(0.20	)	$	(0.06	)	$	(0.09	)	$	(0.25	)
Weighted-average shares outstanding	25,997			34,452			41,808			46,989
2018
Total revenues	$	93		$	790		$	2,429		$	3,208
Total operating expenses	$	(1,375	)	$	(2,905	)	$	(4,419	)	$	(5,377	)
Total other expenses	$	(183	)	$	(324	)	$	(894	)	$	(849	)
Total expense support from the Advisor	$	1,062		$	1,400		$	1,354		$	1,767
Net loss	$	(403	)	$	(1,039	)	$	(1,530	)	$	(1,251	)
Net loss attributable to common stockholders	$	(403	)	$	(1,039	)	$	(1,530	)	$	(1,251	)
Net loss per common share - basic and diluted (1)	$	(0.14	)	$	(0.17	)	$	(0.15	)	$	(0.08	)
Weighted-average shares outstanding	2,961			6,248			10,491			16,562

(1) Quarterly net loss per common share amounts do not total the annual net loss per common share amount due to changes in the number of weighted-average shares outstanding calculated on a quarterly and annual basis and included in the net loss per share calculation.