Revenue

Resident fees and services are operating revenues relating to the Company’s managed seniors housing property, which is operated under a RIDEA structure. Resident fees and services directly relate to the provision of monthly goods and services that are generally bundled together under a single resident agreement. The Company accounts for its resident agreements as a single performance obligation under ASC 606 given the Company’s overall promise to provide a series of stand-ready goods and services to its residents each month. Resident fees and services are recorded in the period in which the goods are provided and the services performed and generally consist of (1) monthly rent, which covers occupancy of the residents’ unit as well as basic services, such as utilities, meals and certain housekeeping services, and (2) service level charges, such as assisted living care, memory care and ancillary services. Resident agreements are generally short-term in nature, billed monthly in advance and cancelable by the residents with a 30-day notice. Resident agreements may require the payment of upfront fees prior to moving into the community with any non-refundable portion of such fees being recorded as deferred revenue and amortized over the estimated resident stay.

The following table represents the disaggregated revenue for resident fees and services during the nine months ended September 30, 2018 and 2017:

	Nine Months Ended September 30,
Type of Investment	Number of Units				Revenues				Percentage of Revenues
Resident fees and services:	2018		2017		2018		2017		2018			2017
Assisted living		129		67	$	2,706,757	$	1,609,755		72.2	%		73.9	%
Memory care		52		22		998,661		556,818		26.6	%		25.6	%
Other revenues	―		―			43,266		11,993		1.2	%		0.5	%
		181		89	$	3,748,684	$	2,178,566		100.0	%		100.0	%