Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.7.0.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Revenue    
Rental revenue $ 8,079,555 $ 2,049,196
Other income 130,775 12,471
Total revenue 8,210,330 2,061,667
Expenses    
Acquisition fees 1,568,470 0
Acquisition fees - related party 754,000 627,000
General and administrative 4,291,422 505,141
Management fees - related party 1,434,294 360,000
Depreciation expense 2,334,664 659,671
Amortization expense 42,322 0
Interest expense 4,138,608 1,519,102
Total expenses 14,563,780 3,670,914
Net loss $ (6,353,450) $ (1,609,247)
Net loss per share - Basic and Diluted (in dollars per share) $ (0.68) $ (6.44)
Weighted average shares outstanding - Basic and Diluted (in shares) 9,302,244 250,000