Quarterly report pursuant to Section 13 or 15(d)

Rental Revenue

v3.4.0.3
Rental Revenue
3 Months Ended
Mar. 31, 2016
Leases [Abstract]  
Operating Leases of Lessor Disclosure [Text Block]
Note 7 – Rental Revenue
 
The aggregate annual minimum cash to be received by the Company on the noncancelable operating leases related to its portfolio of facilities in effect as of March 31, 2016, are as follows for the subsequent years ended December 31; as listed below.
 
2016
 
$
5,034,388
 
2017
 
 
6,711,661
 
2018
 
 
6,814,579
 
2019
 
 
6,967,091
 
2020
 
 
7,103,838
 
Thereafter
 
 
62,948,013
 
Total
 
$
95,579,570
 
 
For the three months ended March 31, 2016, the Omaha facility constituted approximately 34% of the Company’s rental revenue, the Tennessee facilities constituted approximately 27% of rental revenue, the Plano facility constituted approximately 18% of rental revenue and the Pittsburgh facility constituted approximately 17% of rental revenue. All other facilities individually contributed the remaining total of approximately 4% of rental revenue.
 
For the three months ended March 31, 2015, the Omaha facility constituted approximately 88% of the Company’s rental revenue and the Asheville facility constituted approximately 12% of rental revenue.