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Consolidated Statements of Cash Flows (unaudited) - USD ($)
6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Cash flows from operating activities:    
Net loss $ (5,387,310) $ (2,214,605)
Adjustment to reconcile net loss to net cash (used in) provided by operating activities:    
Loss on disposal of assets 218,473 6,488
Depreciation and amortization expense 4,453,246 1,714,946
Amortization of deferred financing costs 117,180 41,222
Realized loss on change in fair value of interest rate cap 2,963 0
Changes in operating assets and liabilities:    
Tenant receivables, net (9,083) 1,239
Due from related parties 8,392 (3,894)
Prepaid expenses and other assets (218,430) (15,462)
Due to related parties (699,944) 354,187
Accounts payable and accrued expenses 1,165,318 436,328
Tenant prepayments (75,187) 23,064
Security deposits 4,818 14,182
Net cash (used in) provided by operating activities (419,563) 357,695
Cash flows from investing activities:    
Property acquisition (17,335,215) (12,859,966)
Capital expenditures (2,812,055) (529,118)
Net cash used in investing activities (20,147,270) (13,389,084)
Cash flows from financing activities:    
Net proceeds from issuance of common stock 21,767,870 21,454,364
Redemptions of common stock (388,423) (18,506)
Payments on borrowings (17,539) (17,002)
Payment of deferred financing costs (715,016) (410,275)
Distributions paid on common stock (1,088,832) (496,157)
Net cash provided by financing activities 19,558,060 20,512,424
Net increase (decrease) in cash and restricted cash (1,008,774) 7,481,035
Cash and restricted cash at beginning of period 33,711,292 23,944,874
Cash and restricted cash at end of period $ 32,702,518 $ 31,425,909