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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:          
Net loss $ (4,399,053) $ (4,086,476) $ (8,899,462) $ (6,820,096)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization     7,642,112 6,844,268  
Amortization of debt issuance costs 185,795 245,845 383,368 324,382  
Stock based compensation expense related to issuance of restricted stock     9,780    
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:          
Other assets     339,402 (398,230)  
Accounts payable and accrued liabilities     369,440 1,341,765  
Due to affiliates     1,947,316 (152,574)  
Net cash provided by operating activities     1,791,956 1,139,515  
Cash flows from investing activities:          
Purchase of real estate facilities       (78,830,878)  
Additions to real estate facilities     (826,351) (152,275)  
Additions to construction in process     (4,617,891)    
Deposit on acquisitions of real estate facilities       (500,000)  
Net cash used in investing activities     (5,444,242) (79,483,153)  
Cash flows from financing activities:          
Proceeds from issuance of non-revolving mortgage debt       46,905,000  
Proceeds from issuance of KeyBank Bridge Loans     4,354,545 24,500,000  
Principal payments of KeyBank Bridge Loans     (1,000,000) (6,703,715)  
Debt issuance costs     (70,496) (1,310,067)  
Issuance of preferred equity in our Operating Partnership       610,000  
Gross proceeds from issuance of common stock     3,030,455 16,011,588  
Redemptions of common stock     (63,900)    
Offering costs     (352,544) (1,695,113)  
Distributions paid to common stockholders     (2,350,716) (1,897,646)  
Distributions paid to Operating Partnership unitholders     (7,854) (9,337)  
Net cash provided by financing activities     3,539,490 76,410,710  
Net change in cash, cash equivalents, and restricted cash     (112,796) (1,932,928)  
Cash, cash equivalents, and restricted cash, beginning of period     11,272,611 10,371,998 $ 10,371,998
Cash, cash equivalents, and restricted cash, end of period $ 11,159,815 $ 8,439,070 11,159,815 8,439,070 $ 11,272,611
Supplemental disclosures and non-cash transactions:          
Cash paid for interest     5,124,884 2,217,091  
Interest capitalized     137,146    
Additions to debt issuance costs included in accounts payable and accrued liabilities     135,000 51,600  
Deposits applied to purchase of real estate       1,000,000  
Acquisition costs included in due to affiliates       370,000  
Additions to real estate and construction in process in accounts payable and accrued liabilities     1,360,884    
Proceeds from issuance of common stock previously in accounts payable and accrued liabilities     73,900 228,000  
Offering costs included in accounts payable and accrued liabilities or due to affiliates     588,876 596,600  
Non-cash preferred equity issuance in our Operating Partnership       6,100  
Distributions payable     1,072,847 558,690  
Redemptions of common stock included in accounts payable and accrued liabilities     115,037    
Issuance of shares pursuant to distribution reinvestment plan     $ 1,153,657 $ 1,166,710