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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Dec. 31, 2018
Cash flows from operating activities:          
Net loss $ (5,195,065) $ (4,440,566) $ (14,094,527) $ (11,260,662)  
Adjustments to reconcile net loss to net cash provided by operating activities:          
Depreciation and amortization     11,505,709 10,245,789  
Amortization of debt issuance costs 207,942 216,022 591,310 540,404  
Stock based compensation expense related to issuance of restricted stock     15,010    
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:          
Other assets     (150,001) (823,490)  
Accounts payable and accrued liabilities     1,882,431 2,758,122  
Due to affiliates     2,921,658 534,658  
Net cash provided by operating activities     2,671,590 1,994,821  
Cash flows from investing activities:          
Purchase of real estate facilities       (170,123,441)  
Additions to real estate facilities     (1,323,146) (303,285)  
Additions to construction in process     (8,061,552)    
Investment in company owned life insurance     (420,243)    
Settlement of company owned life insurance     420,243    
Net cash used in investing activities     (9,384,698) (170,426,726)  
Cash flows from financing activities:          
Proceeds from issuance of non-revolving mortgage debt       110,105,000  
Proceeds from issuance of KeyBank Bridge Loans     7,349,284 51,500,000  
Principal payments of KeyBank Bridge Loans     (2,598,245) (10,148,136)  
Debt issuance costs     (223,018) (2,349,937)  
Issuance of preferred equity in our Operating Partnership       6,301,116  
Gross proceeds from issuance of common stock     6,817,149 16,798,588  
Redemptions of common stock     (178,960) (1,535,689)  
Offering costs     (530,060) (369,831)  
Distributions paid to common stockholders     (3,570,827) (2,989,432)  
Distributions paid to Operating Partnership unitholders     (11,847) (9,337)  
Net cash provided by financing activities     7,053,476 167,302,342  
Net change in cash, cash equivalents, and restricted cash     340,368 (1,129,563)  
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 $ 11,612,979 $ 9,242,435 11,612,979 9,242,435 $ 11,272,611
Supplemental disclosures and non-cash transactions:          
Cash paid for interest     7,670,411 3,898,287  
Interest capitalized     280,679    
Additions to debt issuance costs included in accounts payable and accrued liabilities       16,095  
Deposits applied to purchase of real estate       1,000,000  
Acquisition costs included in due to affiliates       1,980,000  
Additions to real estate and construction in process in accounts payable and accrued liabilities     1,370,493    
Proceeds from issuance of common stock previously in accounts payable and accrued liabilities     48,900    
Offering costs included in accounts payable and accrued liabilities or due to affiliates     992,905 588,161  
Non-cash preferred equity issuance in our Operating Partnership       63,011  
Distributions payable     1,341,889 653,431  
Redemptions of common stock included in accounts payable and accrued liabilities     94,284    
Issuance of shares pursuant to distribution reinvestment plan     $ 1,749,225 1,783,686  
Public offering costs previously included in other assets       $ 722,840