Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statements of Operations

v3.5.0.2
Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Rental revenue $ 1,932,425 $ 482,131 $ 4,994,172 $ 1,392,669
Other income 70,225 4,971 93,196 12,471
Total revenue 2,002,650 487,102 5,087,368 1,405,140
Expenses        
Acquisition fees - related party 0 227,000 754,000 227,000
General and administrative 1,721,676 150,810 2,978,415 291,591
Management fees - related party 627,147 90,000 807,147 270,000
Depreciation expense 585,449 153,148 1,528,281 446,491
Interest expense 1,051,204 363,937 3,443,113 988,825
Total expenses 3,985,476 984,895 9,510,956 2,223,907
Net loss $ (1,982,826) $ (497,793) $ (4,423,588) $ (818,767)
Net loss per share - Basic and Diluted (in dollars per share) $ (0.11) $ (1.99) $ (0.68) $ (3.28)
Weighted average shares outstanding - Basic and Diluted (in shares) 17,371,743 250,000 6,514,230 250,000