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Consolidated and Combined Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Cash flows from operating activities:    
Net income (loss) $ (1,492,431)  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 1,716,601  
Amortization of in-place intangibles 2,083,458  
Write-off and amortization of deferred financing costs 242,763  
Amortization of above/below market leases (535,834)  
Deferred rent receivable (19,284)  
Loss on extinguishment of debt 185,586  
Deferred rent expense payable (38,592)  
Deferred tax liability (65,895)  
Equity-based compensation 996,525  
Changes in assets and liabilities:    
Rent and other receivables (1,374,311)  
Prepaid expenses and other assets (419,675)  
Due to affiliates (503,961)  
Accounts payable, accrued expenses and other 2,083,673  
Net cash provided by operating activities 2,858,623  
Cash flows from investing activities:    
Acquisition of real estate (72,166,456)  
Acquisition and other deposits (335,999)  
Capital improvements (151,582)  
Net cash used in investing activities (72,654,037)  
Cash flows from financing activities:    
Gross proceeds from the issuance of common stock 76,500,000  
Costs of issuance of common stock (11,789,739)  
Formation transactions (2,007,417)  
Proceeds from mortgage payable 445,000  
Repayments of mortgage payable (32,218,087)  
Proceeds from revolving credit facility 54,000,000  
Debt issuance costs (1,424,609)  
Capital contributions 2,068,252  
Distributions and dividends (3,456,258)  
Net cash provided by (used in) financing activities 82,117,142  
Net increase in Cash and Escrows and Reserves 12,321,728  
Cash and Escrows and Reserves at the beginning of period 861,875  
Cash and Escrow and Reserves at the end of period 13,183,603 $ 861,875
Predecessor    
Cash flows from operating activities:    
Net income (loss)   1,148,162
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation   1,003,461
Amortization of in-place intangibles   828,776
Write-off and amortization of deferred financing costs   12,556
Amortization of above/below market leases   (290,989)
Deferred rent receivable   1,354
Loss on extinguishment of debt  
Deferred rent expense payable   45,532
Deferred tax liability   (271,945)
Equity-based compensation  
Changes in assets and liabilities:    
Rent and other receivables   (2,430)
Prepaid expenses and other assets   (5,179)
Due to affiliates  
Accounts payable, accrued expenses and other   259,569
Net cash provided by operating activities   2,728,867
Cash flows from investing activities:    
Acquisition of real estate   (2,785,580)
Acquisition and other deposits  
Capital improvements   (104,062)
Net cash used in investing activities   (2,889,642)
Cash flows from financing activities:    
Gross proceeds from the issuance of common stock  
Costs of issuance of common stock  
Formation transactions  
Proceeds from mortgage payable   1,707,500
Repayments of mortgage payable   (1,078,415)
Proceeds from revolving credit facility  
Debt issuance costs   (5,702)
Capital contributions   4,989,097
Distributions and dividends   (5,284,248)
Net cash provided by (used in) financing activities   328,232
Net increase in Cash and Escrows and Reserves   167,457
Cash and Escrows and Reserves at the beginning of period $ 861,875 694,418
Cash and Escrow and Reserves at the end of period   $ 861,875