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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:    
Net loss $ (7,800,867) $ (8,899,462)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 6,222,562 7,642,112
Amortization of debt issuance costs 262,118 383,368
Stock based compensation expense related to issuance of restricted stock 12,057 9,780
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:    
Other assets 518,713 339,402
Accounts payable and accrued liabilities 107,471 369,440
Due to affiliates 1,185,390 1,947,316
Net cash provided by operating activities 507,444 1,791,956
Cash flows from investing activities:    
Additions to real estate (570,013) (826,351)
Additions to construction in process   (4,617,891)
Net cash used in investing activities (570,013) (5,444,242)
Cash flows from financing activities:    
Principal payments of KeyBank Bridge Loans (2,099,934) (1,000,000)
Scheduled principal payments of mortgage loans (178,842)  
Debt issuance costs (260,083) (70,496)
Gross proceeds from issuance of common stock 3,313,677 3,030,455
Redemptions of common stock (30,392) (63,900)
Offering costs (182,724) (352,544)
Reimbursement of offering costs by Advisor 245,557  
Distributions paid to common stockholders (1,316,243) (2,350,716)
Distributions paid to Operating Partnership unitholders (3,950) (7,854)
Net cash provided by financing activities 1,437,066 3,539,490
Net change in cash, cash equivalents, and restricted cash 1,374,497 (112,796)
Cash, cash equivalents, and restricted cash, beginning of period 11,066,645 11,272,611
Cash, cash equivalents, and restricted cash, end of period 12,441,142 11,159,815
Supplemental disclosures and non-cash transactions:    
Cash paid for interest 4,521,220 5,124,884
Interest capitalized   137,146
Additions to debt issuance costs included in accounts payable and accrued liabilities   135,000
Additions to real estate facilities and construction in process included in accounts payable and accrued liabilities 5,571 1,360,884
Proceeds from issuance of common stock previously in accounts payable and accrued liabilities   73,900
Offering costs included in accounts payable and accrued liabilities or due to affiliates 439,003 588,876
Adjustment to offering costs included in due to affiliates (1,097,364)  
Distributions payable 1,200,686 1,072,847
Redemptions of common stock included in accounts payable and accrued liabilities   115,037
Issuance of shares pursuant to distribution reinvestment plan 626,649 1,153,657
KeyBank Bridge [Member]    
Cash flows from financing activities:    
Proceeds from issuance loans   $ 4,354,545
PPP [Member]    
Cash flows from financing activities:    
Proceeds from issuance loans $ 1,950,000