Quarterly report pursuant to Section 13 or 15(d)

Related Party Transactions (Tables)

v3.7.0.1
Related Party Transactions (Tables)
 3 Months Ended
Mar. 31, 2017
Related Party Transactions [Abstract]  
Schedule of Related Party Transactions [Table Text Block]
A rollforward of the due (to) from related parties balance, net as of March 31, 2017 is as follows:
 
 
 
Due to
 
 
 
Due (to) from
 
Total Due (To)
 
 
 
Advisor –
 
Due to Advisor –
 
Other Related
 
From Related
 
 
 
Mgmt. Fees
 
Other Funds
 
Party
 
Parties, Net
 
Balance as of January 1, 2017
 
$
(620,709)
 
 
(586)
 
 
40,384
 
 
(580,911)
 
Management fee expense incurred (a)
 
 
(627,147)
 
 
-
 
 
-
 
 
(627,147)
 
Management fees paid to Advisor (a)
 
 
620,709
 
 
-
 
 
-
 
 
620,709
 
Loan repaid to Advisor (b)
 
 
-
 
 
586
 
 
-
 
 
586
 
Loan received from other related party (b)
 
 
-
 
 
-
 
 
(136)
 
 
(136)
 
Balance as of March 31, 2017
 
$
(627,147)
 
 
-
 
 
40,248
 
 
(586,899)
 
 
(a)
Net amount accrued of $6,438 consists of $627,147 in management fee expense incurred, net of $620,709 of accrued management fees that were repaid to the Advisor. This represents a cash flow operating activity.
(b)
Net amount repaid of $450 consists of a loan repaid to the Advisor in the amount of $586, partially offset by a loan received from a related party in the amount of $136. This represents a cash flow financing activity.