Annual report pursuant to Section 13 and 15(d)

Related Party Transactions (Tables)

v3.8.0.1
Related Party Transactions (Tables)
 12 Months Ended
Dec. 31, 2017
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
A rollforward of the due (to) from related parties balance, net, as of December 31, 2017, is as follows:
 
 
 
Due to
Advisor –
Mgmt. Fees
 
Due (to) from
Advisor – Other
Funds
 
Due (to) from
Other Related
Party
 
Total Due (To)
From Related
Parties, Net
 
Balance as of January 1, 2017
 
$
(621)
 
 
-
 
 
40
 
$
(581)
 
Management fee expense incurred 1
 
 
(3,123)
 
 
-
 
 
-
 
 
(3,123)
 
Management fees paid to Advisor 1
 
 
2,680
 
 
-
 
 
-
 
 
2,680
 
Loan repaid to Advisor 2
 
 
-
 
 
9
 
 
-
 
 
9
 
Loan repaid by other related party 3
 
 
-
 
 
-
 
 
(21)
 
 
(21)
 
Balance as of December 31, 2017
 
$
(1,064)
 
 
9
 
 
19
 
$
(1,036)
 
 
1Net amount accrued of $443 consists of $3,123 in management fee expense incurred, net of $2,680 of accrued management fees that were paid to the Advisor. This represents a cash flow operating activity.
2Amount represents the overpayment of expenses that were previously paid by the Advisor on the Company’s behalf. This represents a cash flow financing activity.
3Amount represents the net receipt by the Company of previous loans made by the Company to those related parties. This represents a cash flow investing activity.
 
A rollforward of the due (to) from related parties balance, net as of December 31, 2016 is as follows:
 
 
 
Due from
Advisor
 
Due to
Advisor –
Mgmt. Fees
 
Due to Advisor –
Other Funds
 
Due (to) from
Other Related
Party
 
Total Due (To)
From Related
Parties, Net
 
Balance as of January 1, 2016
 
$
178
 
 
(630)
 
 
(240)
 
 
(155)
 
$
(847)
 
Management fees incurred 1
 
 
 
 
 
(1,434)
 
 
 
 
 
 
 
 
(1,434)
 
Management fees paid to Advisor 1
 
 
-
 
 
1,443
 
 
-
 
 
-
 
 
1,443
 
Funds repaid to Advisor 2
 
 
-
 
 
-
 
 
240
 
 
-
 
 
240
 
Funds repaid to Other Related Party 2
 
 
-
 
 
-
 
 
-
 
 
155
 
 
155
 
Funds loaned to Other Related Party 3
 
 
 
 
 
 
 
 
 
 
 
1
 
 
1
 
Funds repaid by Advisor 3
 
 
(178)
 
 
 
 
 
 
 
 
 
 
 
(178)
 
Funds loaned to ZH USA, LLC 3
 
 
-
 
 
-
 
 
-
 
 
39
 
 
39
 
Balance as of December 31, 2016
 
$
-
 
 
(621)
 
 
-
 
 
40
 
$
(581)
 
 
1Net amount repaid of $9 consists of $1,434 in management fee expense incurred, net of $1,443 of accrued management fees that were repaid to the Advisor. This is a cash flow operating activity.
2Total amount of $395 consists of $240 repaid by the Company to the Advisor and $155 repaid by the Company to another related party. This is a cash flow financing activity.
3Net amount of $138 consists of loan repaid by Advisor in the amount of $178, net of $39 that the Company loaned to a related party for its general use, and $1 in additional funds loaned to related party. This is a cash flow investing activity.
Convertible Debt [Table Text Block]
A rollforward of the funding from ZH USA, LLC classified as convertible debenture, due to related party as of December 31, 2016 is as follows:
 
Balance as of January 1, 2016
 
$
40,030
 
Conversion of convertible debenture to common shares (March 2, 2016) 1
 
 
(15,000)
 
Conversion of convertible debenture to common shares (July 1, 2016) 1
 
 
(15,030)
 
Pay-off of remaining principal balance
 
 
(10,000)
 
Balance as of December 31, 2016
 
$
-
 
 
1 Total amount converted to common shares equals $30,030