XML 18 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Revenues:        
Rental income and tenant reimbursements $ 422,967   $ 1,253,209  
Total revenues 1,906,891 $ 1,095,696 5,001,893 $ 2,178,566
Operating expenses:        
Property operating expenses 1,139,378 626,933 2,728,764 1,236,358
General and administrative expenses 300,879 178,940 906,961 664,727
Acquisition fees and expenses     818  
Depreciation and amortization 570,105 324,417 1,480,712 647,185
Total operating expenses 2,095,896 1,194,860 5,378,504 2,684,712
Operating loss (189,005) (99,164) (376,611) (506,146)
Other income (expense):        
Interest and other income 9,884   9,946  
Interest expense and loan cost amortization (289,504) (196,489) (797,208) (402,683)
Total other expense (279,620) (196,489) (787,262) (402,683)
Loss before income taxes (468,625) (295,653) (1,163,873) (908,829)
Income tax (benefit) expense (9,938) 12,253 35,245 41,878
Net loss attributable to common stockholders (458,687) (307,906) (1,199,118) (950,707)
Health Care Resident Service        
Revenues:        
Resident fees and services 1,483,924 1,095,696 3,748,684 2,178,566
Management Service        
Operating expenses:        
Property management fees 85,534 64,570 261,249 136,442
Class A Common Stock        
Other income (expense):        
Net loss attributable to common stockholders $ (87,907) $ (108,891) $ (257,552) $ (342,975)
Net loss per share of common stock outstanding (basic and diluted) $ (0.10) $ (0.16) $ (0.30) $ (0.65)
Weighted average number of common shares outstanding (basic and diluted) 879,674 693,354 857,729 529,801
Distributions declared per common share $ 0.1440 $ 0.1440 $ 0.4320 $ 0.3930
Class T Common Stock        
Other income (expense):        
Net loss attributable to common stockholders $ (327,896) $ (189,504) $ (845,906) $ (584,620)
Net loss per share of common stock outstanding (basic and diluted) $ (0.10) $ (0.16) $ (0.30) $ (0.65)
Weighted average number of common shares outstanding (basic and diluted) 3,281,231 1,206,653 2,817,132 903,076
Distributions declared per common share $ 0.1177 $ 0.1169 $ 0.3530 $ 0.3087
Class I Common Stock        
Other income (expense):        
Net loss attributable to common stockholders $ (42,884) $ (9,511) $ (95,660) $ (23,112)
Net loss per share of common stock outstanding (basic and diluted) $ (0.10) $ (0.16) $ (0.30) $ (0.65)
Weighted average number of common shares outstanding (basic and diluted) 429,142 60,561 318,577 35,702
Distributions declared per common share $ 0.1310 $ 0.1328 $ 0.3936 $ 0.3715