Quarterly report pursuant to Section 13 or 15(d)

Rental Revenue

v3.5.0.2
Rental Revenue
6 Months Ended
Jun. 30, 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 June 30, 2016, are as follows for the subsequent years ended December 31; as listed below.
 
2016
 
$
3,360,257
 
2017
 
 
6,711,661
 
2018
 
 
6,814,579
 
2019
 
 
6,967,091
 
2020
 
 
7,103,838
 
Thereafter
 
 
62,948,013
 
Total
 
$
93,905,439
 
  
For the three months ended June 30, 2016, the Omaha facility constituted approximately 23% of the Company’s rental revenue, the Tennessee facilities constituted approximately 20% of rental revenue, the Plano facility constituted approximately 18% of rental revenue, the Pittsburgh facility constituted approximately 12% of rental revenue, the Melbourne facility constituted approximately 17% of rental revenue. The Asheville and Westland facilities constituted approximately 4% and 6% of rental revenue, respectively.
 
For the six months ended June 30, 2016, the Omaha facility constituted approximately 28% of the Company’s rental revenue, the Tennessee facilities constituted approximately 23% of rental revenue, the Plano facility constituted approximately 18% of rental revenue, the Pittsburgh facility constituted approximately 14% of rental revenue, the Melbourne facility constituted approximately 10% of rental revenue. The Asheville and Westland facilities constituted approximately 4% and 3% of rental revenue, respectively.
 
For the three and six months ended June 30, 2015, the Omaha facility constituted approximately 88% of the Company’s rental revenue and the Asheville facility constituted approximately 12% of rental revenue.