Annual report pursuant to Section 13 and 15(d)

Rental Revenue (Tables)

v3.5.0.1
Rental Revenue (Tables)
12 Months Ended
Dec. 31, 2015
Aug. 31, 2014
Leases [Abstract]    
Schedule of Future Lease Payments Receivables [Table Text Block]
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 December 31, 2015, are as follows for the subsequent years ended December 31; as listed below.
 
2016
 
$
3,945,243
 
2017
 
 
3,790,242
 
2018
 
 
3,800,505
 
2019
 
 
3,864,307
 
2020
 
 
3,929,203
 
Thereafter
 
 
24,659,288
 
Total
 
$
43,988,788
 
The aggregate annual minimum cash payments to be received on the noncancelable operating lease in effect as of August 31, 2014 are as follows:
 
Year Ending August 31,
 
 
 
 
2015
 
$
1,565,969
 
2016
 
 
1,565,969
 
2017
 
 
1,565,969
 
2018
 
 
1,565,969
 
2019
 
 
1,565,969
 
Thereafter
 
 
4,045,419
 
Total Payments
 
$
11,875,264