Quarterly report pursuant to Section 13 or 15(d)

Schedule of unamortized debt discount (Details)

v3.5.0.2
Schedule of unamortized debt discount (Details)
 9 Months Ended
Sep. 30, 2016
USD ($)
Debt Instrument [Line Items]  
Balance as of January 1, 2016, net $ 302,892
Write-off of Plano financing costs (53,280) [1],[2]
Debt discount amortization expense (162,169) [2]
Balance as of September 30, 2016, net 1,177,522
Plano Financing [Member]  
Debt Instrument [Line Items]  
Additions - Plano and Cantor financings $ 1,090,079
[1] As disclosed in Note 3 – “Property Portfolio,” the Plano loan was refinanced with proceeds from the Cantor Loan and accordingly the Plano related deferred financing costs were written off during the nine months ended September 30, 2016 into the “Interest Expense” line item in the accompanying Consolidated Statements of Operations.
[2] Sum equals amortization expense incurred on the debt discount for the nine months ended September 30, 2016 of $215,449.