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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (3,565,019) $ (3,812,736)  
Adjustments to reconcile net loss to net cash provided by (used in ) operating activities:      
Depreciation and amortization 2,816,344 3,112,510  
Amortization of debt issuance costs 123,340 119,950  
Stock based compensation expense related to issuance of restricted stock 5,648 5,875  
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:      
Other assets 103,353 171,631  
Accounts payable and accrued liabilities 359,811 (552,774)  
Due to affiliates 618,224 495,291  
Net cash provided by (used in) operating activities 461,701 (460,253)  
Cash flows from investing activities:      
Additions to real estate (197,370) (403,682)  
Net cash used in investing activities (197,370) (403,682)  
Cash flows from financing activities:      
Principal payments of KeyBank Bridge Loans   (2,099,934)  
Scheduled principal payments of mortgage loans (123,180) (49,144)  
Debt issuance costs   (260,083)  
Gross proceeds from issuance of common stock   3,313,677  
Redemptions of common stock   (30,392)  
Offering costs   (91,004)  
Reimbursement of offering costs by Advisor   245,557  
Distributions paid to common stockholders   (1,313,182)  
Distributions paid to Operating Partnership unitholders   (3,950)  
Net cash used in financing activities (123,180) (288,455)  
Net change in cash, cash equivalents, and restricted cash 141,151 (1,152,390)  
Cash, cash equivalents, and restricted cash, beginning of period 9,452,993 11,066,645 $ 11,066,645
Cash, cash equivalents, and restricted cash, end of period 9,594,144 9,914,255 $ 9,452,993
Supplemental disclosures and non-cash transactions:      
Cash paid for interest 2,357,062 2,590,475  
Additions to real estate facilities included in accounts payable and accrued liabilities 12,415 63,916  
Offering costs included in accounts payable and accrued liabilities or due to affiliates   478,776  
Distributions payable $ 281,110 935,479  
Issuance of shares pursuant to distribution reinvestment plan   $ 625,507