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CONSOLIDATED STATEMENTS OF CASH FLOWS (Parenthetical) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Supplemental Disclosure of Cash Flow Information    
Cash and cash equivalents $ 7,644,041 $ 8,423,371
Restricted cash 2,871,441 1,788,831
Total cash and cash equivalents and restricted cash shown on the consolidated statements of cash flows 10,515,482 10,212,202
Cash paid for interest 1,573,396 1,498,188
Cash paid for income taxes 29,918 23,700
Supplemental Disclosure of Noncash Transactions    
Common stock issued pursuant to distribution reinvestment plan 56,696 24,624
Other offering costs paid to affiliates (274,877) (1,071,511)
Decrease in due from related parties 274,877 $ (1,071,511)
Assumption of mortgage note payable $ 15,598,479