Subsequent Events (Details) |
1 Months Ended | 4 Months Ended | 12 Months Ended | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Mar. 02, 2016
USD ($)
shares
|
Nov. 07, 2014
$ / shares
shares
|
Mar. 31, 2016
USD ($)
ft²
a
$ / shares
|
Feb. 29, 2016
USD ($)
$ / shares
|
Jan. 31, 2016
USD ($)
$ / shares
|
Jan. 28, 2016
USD ($)
ft²
|
Sep. 30, 2014
$ / shares
|
Jul. 17, 2014
USD ($)
shares
|
Dec. 31, 2014
USD ($)
$ / shares
shares
|
Dec. 31, 2015
USD ($)
$ / shares
shares
|
Aug. 31, 2014
USD ($)
$ / shares
shares
|
Sep. 19, 2014
USD ($)
ft²
|
Dec. 31, 2013
USD ($)
|
|
Subsequent Event [Line Items] | |||||||||||||
Long-term Debt, Total | $ 15,060,000 | ||||||||||||
Debt Instrument, Covenant Description | (i) maintain a fixed charge coverage ratio (defined as the ratio of EBITDA to fixed charges for the four most recent fiscal quarters) of not less than 1.25 to 1.0 and (ii) maintain a EBITDA for each fiscal year of at least $2,800,000. | ||||||||||||
Proceeds from Related Party Debt | $ 40,683 | $ 291,597 | $ 62,620 | ||||||||||
Due to Officers or Stockholders | $ 38,195 | $ 421,000 | $ 38,195 | $ 38,195 | |||||||||
Common Stock, Dividends, Per Share, Declared | $ / shares | $ 0.0852 | ||||||||||||
Compensation Arrangement, Base Management Fee Percentage to Net Asset Value | 2.00% | ||||||||||||
Compensation Arrangement, Base Management Fee | $ 30,000 | ||||||||||||
Compensation Arrangement, Acquisition Fee Percentage | 2.00% | ||||||||||||
Compensation Arrangement, Incentive Fee Description | difference between (1) the product of (a) 20% and (b) the difference between (i) Core Earnings (as defined below) for the previous four fiscal quarters, and (ii) the product of (A) the weighted-average offering price per share of common stock of all of the Companys offerings of common stock (other than offerings of common stock to the Company or its Affiliates that are not part of a broader offering of common stock to third party investors) (where each such offering is weighted by both the number of shares issued in such offering and the number of days that such issued shares were outstanding during such four fiscal quarter period) multiplied by the average number of common stock outstanding in the previous four fiscal quarters, and (B) 8%, and (2) the sum of any Incentive Compensation paid to the Manager with respect to the first three fiscal quarters of such previous four fiscal quarter period; provided, however, that no Incentive Compensation shall be payable with respect to any fiscal quarter unless cumulative Core Earnings for the 12 most-recently completed fiscal quarters (or part thereof prior to the completion of 12 fiscal quarters following the Closing Date) is greater than zero. | ||||||||||||
Management Arrangement, Termination Rights Description | The Management Agreement can be terminated if the Company fails to exceed (A) 75% (seventy-five percent) of the FTSE NAREIT Equity Health Care (as defined below) total performance and dividend performance over the three year period previous to termination (the Manager shall have the right to forgo or defer any fees due to it in order to achieve the 75% benchmark); and (B) 75% (seventy-five percent) of the FTSE NAREIT Equity Health Care (as defined below) total performance and dividend performance over the one year period previous to termination (the Manager shall have the right to forgo or defer any Fees due to it in order to achieve the 75% benchmark); and (C) 75% (seventy-five percent) of the Standard and Poors 500 Index total performance and dividend performance over the three year period previous to termination (the Manager shall have the right to forgo or defer any Fees due to it in order to achieve the 75% benchmark); and (D) 75% (seventy-five percent) of the Standard and Poors 500 Index total performance and dividend performance over the one year period previous to termination (the Manager shall have the right to forgo or defer any Fees due to it in order to achieve the 75% benchmark); and (E) total performance is defined as share price appreciation plus dividends paid to the stockholder expressed as an annualized percentage of all index constituents weighted in the same ratio as they are weighed by the index; and (F) dividend performance is defined as dividends paid to the stockholder expressed as an annualized percentage of all index constituents weighted in the same ratio as they are weighed by the index. | ||||||||||||
Management Agreement, Percentage of Return on Capital | 5.00% | ||||||||||||
Management Agreement, Termination Fee Description | In the event of a default, the Company is obligated to pay the Manager a termination fee (the Termination Fee) equal to the greater of (a) three (3) times the average annual Base Management Fee and the average annual Incentive Compensation (in either case paid or payable) to the Manager with respect to the previous eight fiscal quarters ending on the last day of the Final Quarter; and (b) the greater of: (i) 10% (ten percent) of the FFO growth (as defined below) from October 1, 2013 to the date of the termination; or (ii) 10% (ten percent) of capital gains of the Company measured from the period October 1, 2013 to the date of termination. A mutually agreed upon third party shall conduct an appraisal of the Companys assets. FFO means the Companys net income (computed in accordance with generally accepted accounting principles), excluding gains (or losses) from sales of property, plus depreciation and amortization, and after adjustments for unconsolidated partnerships and joint ventures. | ||||||||||||
Common Stock, Par or Stated Value Per Share | $ / shares | $ 0.001 | $ 0.001 | $ 0.001 | $ 0.001 | |||||||||
Common Stock, Shares Authorized | shares | 500,000,000 | 500,000,000 | 500,000,000 | 100,000,000 | |||||||||
Stockholders' Equity, Reverse Stock Split | 1-for-400 | ||||||||||||
ZH USA, LLC [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 8.00% | ||||||||||||
Debt Instrument Convertible, Base for Conversion | $ 12.748 | ||||||||||||
Debt Conversion, Original Debt, Amount | $ 2,932,040 | ||||||||||||
Debt Conversion, Converted Instrument, Shares Issued | shares | 230,000 | ||||||||||||
Plano Facility [Member] | Unsecured Convertible Debentures [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Long-term Debt, Total | 9,025,000 | ||||||||||||
Proceeds from Related Party Debt | 9,369,310 | ||||||||||||
Escrow Deposit | 344,310 | ||||||||||||
Due to Officers or Stockholders | 9,369,310 | ||||||||||||
Debt Instrument Convertible, Base for Conversion | $ 12.748 | ||||||||||||
Asheville facility [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Area of Real Estate Property | ft² | 8,840 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 2,500,000 | ||||||||||||
Long-term Debt, Total | $ 1,700,000 | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 4.75% | ||||||||||||
Subsequent Event [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Common Stock, Dividends, Per Share, Declared | $ / shares | $ 0.0852 | $ 0.0852 | $ 0.0852 | ||||||||||
Dividends Payable | $ 21,300 | $ 21,300 | $ 21,300 | ||||||||||
Subsequent Event [Member] | ZH International Holdings Limited [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest | 100.00% | ||||||||||||
Subsequent Event [Member] | ZH USA, LLC [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Debt Conversion, Original Debt, Amount | $ 15,000,000 | ||||||||||||
Debt Conversion, Converted Instrument, Shares Issued | shares | 1,176,656 | ||||||||||||
Subsequent Event [Member] | Cantor Loan [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Long-term Debt, Total | $ 32,097,400 | ||||||||||||
Debt Instrument, Maturity Date | Apr. 06, 2026 | ||||||||||||
Debt Instrument, Interest Rate, Stated Percentage | 5.22% | ||||||||||||
Debt Instrument, Description | Prepayment can only occur within four months prior to the maturity date, except that after the earlier of (a) 2 years after the loan is placed in a securitized mortgage pool, or (ii) May 6, 2020, the Cantor Loan can be fully and partially defeased upon payment of amounts due under the Cantor Loan and payment of a defeasance amount that is sufficient to purchase U.S. government securities equal to the scheduled payments of principal, interest, fees, and any other amounts due related to a full or partial defeasance under the Cantor Loan. | ||||||||||||
Debt Instrument, Covenant Description | maintain monthly debt service coverage ratio of 1.35:1.00 for all of the collateral properties in the aggregate | ||||||||||||
Subsequent Event [Member] | Plano Facility [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Area of Real Estate Property | ft² | 24,000 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 17,500,000 | ||||||||||||
Payments to Develop Real Estate Assets | 500,000 | ||||||||||||
Payments for Tenant Improvements | $ 2,750,000 | ||||||||||||
Real Estate Property Development Area | ft² | 6,400 | ||||||||||||
Subsequent Event [Member] | Plano Facility [Member] | Promissory Note and Deed of Trust [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Debt Instrument, Maturity Date | Jan. 28, 2021 | ||||||||||||
Debt Instrument, Face Amount | $ 9,223,500 | ||||||||||||
Debt Instrument Non Refundable Deposits | $ 50,000 | ||||||||||||
Debt Instrument, Basis Spread on Variable Rate | 0.50% | ||||||||||||
Debt Instrument, Interest Rate, Effective Percentage Rate Range, Maximum | 4.00% | ||||||||||||
Debt Instrument, Term | 5 years | ||||||||||||
Debt Instrument, Fee Amount | $ 46,117 | ||||||||||||
Subsequent Event [Member] | Melbourne Facility [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Area of Real Estate Property | ft² | 78,000 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 15,450,000 | ||||||||||||
Area of Land | a | 1.9 | ||||||||||||
Subsequent Event [Member] | Michigan Facility [Member] | |||||||||||||
Subsequent Event [Line Items] | |||||||||||||
Area of Real Estate Property | a | 1.3 | ||||||||||||
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Net, Total | $ 4,750,000 | ||||||||||||
Net Rentable Area | ft² | 15,018 |