Financial Statements

As Reported Financials

Source Document Currency Code (in units) 2016 Q3 YTD 9/30/2016 USD 2015 Y 9/30/2016 USD 2014 Y 12/31/2015 USD 2013 Y 9/30/2014 USD 2012 Y 12/31/2013 USD
Source Document Currency Code 2016 Q3 YTD 9/30/2016 USD 2015 Y 9/30/2016 USD 2014 Y 12/31/2015 USD 2013 Y 9/30/2014 USD 2012 Y 12/31/2013 USD

ASSETS

Investments in real estate

Land 6,761,350 6,761,350 5,422,647 2,514,009 67,019
Buildings and improvements 32,109,480 31,744,657 23,961,608 9,685,361 276,391
Total 38,870,830 38,506,007 29,384,255 12,199,370 343,410
Accumulated depreciation (2,525,663) (1,630,873) (592,114) (73,950) (1,400)
Investments in real estate, net 36,345,167 36,875,134 28,792,141 12,125,420 342,010
Cash 16,082,203 2,140,298 3,343,236 2,134,510 5,763
Rent and other receivables 245,800 239,928 157,230 10,053 3,375
Property tax and insurance reserves NA NA 260,123 0 NA
Escrow deposits 92,500 143,901 96,483 NA NA
Lease origination costs, net 224,706 218,789 168,145 75,038 NA
Loan fees, net NA NA NA 0 NA
Deferred loan fees, net NA NA 333,544 NA NA
Deferred stock issuance costs 0 742,757 535,450 35,000 50,000
Other assets 141,052 96,318 124,781 151,128 0
Total Assets 53,131,428 40,457,125 33,811,133 14,531,149 401,148

LIABILITIES AND STOCKHOLDERS' EQUITY

Convertible notes payable officer, net of debt discount NA NA NA NA 128,746
Convertible notes payable net of debt discount NA NA NA NA 127,635
Convertible notes payable shareholders, net of debt discount NA NA NA NA 26,638
Accounts payable and accrued liabilities 930,704 1,143,438 718,162 347,179 119,978
Resident security deposits 439,192 435,267 306,004 156,985 14,770
Related party advance NA NA NA NA 266,877
Notes payable, net 19,473,379 19,409,454 11,522,140 0 NA
Total Liabilities 20,843,275 20,988,159 12,546,306 504,164 684,644

Stockholders' Equity

Preferred stock 0 0 0 0 0
Common stock 10,122 7,017 7,017 4,393 8,350
Additional paid-in capital 38,836,862 24,601,295 24,601,295 16,036,648 349,513
Accumulated deficit (6,558,831) (5,139,346) (3,343,485) (2,014,056) (641,359)
Total Stockholders' Equity 32,288,153 19,468,966 21,264,827 14,026,985 (283,496)
Total Liabilities and Stockholders' Equity 53,131,428 40,457,125 33,811,133 14,531,149 401,148
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.
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