2017 Q1 Form 10-K Financial Statement

#000114420417018323 Filed on April 03, 2017

View on sec.gov

Income Statement

Concept 2017 Q1 2016 Q4 2015 Q4
Revenue $859.2K $460.7K $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization
YoY Change
% of Gross Profit
Operating Expenses $2.041M
YoY Change 2242335.16%
Operating Profit
YoY Change
Interest Expense $131.8K
YoY Change
% of Operating Profit
Other Income/Expense, Net $8.232K
YoY Change
Pretax Income
YoY Change
Income Tax
% Of Pretax Income
Net Earnings -$457.3K -$344.0K -$3.149K
YoY Change 502453.85% 10825.56%
Net Earnings / Revenue -53.23% -74.67%
Basic Earnings Per Share
Diluted Earnings Per Share
COMMON SHARES
Basic Shares Outstanding 4.353M shares
Diluted Shares Outstanding

Balance Sheet

Concept 2017 Q1 2016 Q4 2015 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments
YoY Change
Cash & Equivalents $6.789M $3.432M $200.8K
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses $1.242M $478.2K $0.00
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
LONG-TERM ASSETS
Property, Plant & Equipment
YoY Change
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $3.524M $0.00
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
TOTAL ASSETS
Total Short-Term Assets
Total Long-Term Assets
Total Assets $41.30M $200.8K
YoY Change 20467.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable
YoY Change
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities
YoY Change
LONG-TERM LIABILITIES
Long-Term Debt
YoY Change
Other Long-Term Liabilities
YoY Change
Total Long-Term Liabilities
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities
Total Long-Term Liabilities
Total Liabilities $18.87M $7.000K
YoY Change 269539.91%
SHAREHOLDERS EQUITY
Retained Earnings -$1.415M -$6.185K
YoY Change 22774.49%
Common Stock $2.458K $20.00
YoY Change 12190.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $22.23M $193.8K
YoY Change
Total Liabilities & Shareholders Equity $41.30M $200.8K
YoY Change 20467.47%

Cashflow Statement

Concept 2017 Q1 2016 Q4 2015 Q4
OPERATING ACTIVITIES
Net Income -$457.3K -$344.0K -$3.149K
YoY Change 502453.85% 10825.56%
Depreciation, Depletion And Amortization
YoY Change
Cash From Operating Activities $182.8K
YoY Change
INVESTING ACTIVITIES
Capital Expenditures
YoY Change
Acquisitions
YoY Change
Other Investing Activities
YoY Change
Cash From Investing Activities -$20.92M
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$19.74M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities $23.85M
YoY Change
NET CHANGE
Cash From Operating Activities $182.8K
Cash From Investing Activities -$20.92M
Cash From Financing Activities $23.85M
Net Change In Cash $3.111M
YoY Change
FREE CASH FLOW
Cash From Operating Activities $182.8K
Capital Expenditures
Free Cash Flow
YoY Change

Facts In Submission

Frame Concept Type Concept / XBRL Key Value Unit
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us-gaap Revenues
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CY2016 dei Entity Registrant Name
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Rich Uncles NNN REIT, Inc.
CY2016 dei Entity Central Index Key
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0001645873
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CY2016 dei Entity Filer Category
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CY2016 us-gaap Use Of Estimates
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<div style="MARGIN: 0pt 0px; FONT: 10pt Times New Roman, Times, Serif "> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> </div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt"> <i><font style="FONT-SIZE: 10pt"><strong>Use of Estimates</strong></font></i></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;TEXT-INDENT: 0.5in; MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <b><i><font style="FONT-SIZE: 10pt">&#160;</font></i></b></div> <div style="CLEAR:both; FONT-FAMILY:Times New Roman;FONT-SIZE: 10pt;MARGIN: 0in 0in 0pt; size: 8.5in 11.0in"> <font style="FONT-SIZE: 10pt">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes. Actual results may differ from those estimates.</font></div> </div><table border="0" style="width:100%; table-layout:fixed;" cellspacing="0" cellpadding="0"><tr><td></td></tr></table>
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0
CY2016Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.14
CY2016Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.18
CY2015Q1 us-gaap Revenues
Revenues
0 USD
CY2016Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
CY2016Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-29.68
CY2016Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-1.39
CY2016Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.42
CY2016Q4 cik0001645873 Capitalized Acquisition Costs
CapitalizedAcquisitionCosts
675961 USD
CY2016 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
3091194 USD
CY2015 us-gaap Business Acquisitions Pro Forma Revenue
BusinessAcquisitionsProFormaRevenue
1931992 USD
CY2016 cik0001645873 Business Acquisition Pro Forma Depreciation And Amortization Expenses
BusinessAcquisitionProFormaDepreciationAndAmortizationExpenses
1544205 USD
CY2015 cik0001645873 Business Acquisition Pro Forma Depreciation And Amortization Expenses
BusinessAcquisitionProFormaDepreciationAndAmortizationExpenses
965137 USD
CY2016 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
425865 USD
CY2015 us-gaap Business Acquisitions Pro Forma Net Income Loss
BusinessAcquisitionsProFormaNetIncomeLoss
264998 USD
CY2016Q1 us-gaap Revenues
Revenues
0 USD
CY2016Q2 us-gaap Revenues
Revenues
41466 USD
CY2016Q3 us-gaap Revenues
Revenues
359544 USD
CY2016Q4 us-gaap Revenues
Revenues
460734 USD
CY2016Q1 us-gaap Net Income Loss
NetIncomeLoss
-91 USD
CY2016Q2 us-gaap Net Income Loss
NetIncomeLoss
-593679 USD
CY2016Q3 us-gaap Net Income Loss
NetIncomeLoss
-299625 USD
CY2016Q4 us-gaap Net Income Loss
NetIncomeLoss
-344046 USD
CY2015Q2 us-gaap Revenues
Revenues
0 USD
CY2015Q3 us-gaap Revenues
Revenues
0 USD
CY2015Q4 us-gaap Revenues
Revenues
0 USD
CY2015Q1 us-gaap Net Income Loss
NetIncomeLoss
0 USD
CY2015Q2 us-gaap Net Income Loss
NetIncomeLoss
-3000 USD
CY2015Q3 us-gaap Net Income Loss
NetIncomeLoss
-36 USD
CY2015Q4 us-gaap Net Income Loss
NetIncomeLoss
-3149 USD
CY2015Q1 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
CY2015Q2 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-4.60
CY2015Q3 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
0
CY2015Q4 us-gaap Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
-0.31
CY2015Q1 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2015Q2 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2015Q3 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2015Q4 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Amount Of Encumbrances
RealEstateAndAccumulatedDepreciationAmountOfEncumbrances
7266145 USD
CY2016Q4 cik0001645873 Real Estate And Accumulated Depreciation Initial Cost Of Land Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfLandBuildingsAndImprovements
33245041 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
0 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
5369238 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
27875803 USD
CY2016 cik0001645873 Percentage Of Acquisition Fees Upon Contract Purchase Price
PercentageOfAcquisitionFeesUponContractPurchasePrice
0.030 pure
CY2016Q4 cik0001645873 Financing Coordination Fee Percentage
FinancingCoordinationFeePercentage
0.010 pure
CY2016 us-gaap Property Management Fee Percent Fee
PropertyManagementFeePercentFee
0.015 pure
CY2016 us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0.32
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
5369238 USD
CY2016Q4 us-gaap Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
27875803 USD
CY2016Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
33245041 USD
CY2016Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
493185 USD
CY2015Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
0 USD
CY2014Q4 us-gaap Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
0 USD
CY2016 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
33245041 USD
CY2015 us-gaap Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
0 USD
CY2015Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
0 USD
CY2014Q4 us-gaap Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
0 USD
CY2016 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
493185 USD
CY2015 us-gaap Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
0 USD
CY2016Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
32751856 USD
CY2015Q4 us-gaap Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
0 USD
CY2016Q4 cik0001645873 Stock Redemption Percentage On Weightedaverage Number Of Shares Outstanding
StockRedemptionPercentageOnWeightedaverageNumberOfSharesOutstanding
0.05 pure
CY2016Q4 us-gaap Share Price
SharePrice
10.00
CY2016Q4 cik0001645873 Percentage Of Assets Management Fees Paid By Advisor
PercentageOfAssetsManagementFeesPaidByAdvisor
0.5 pure
CY2016Q4 us-gaap Common Stock Shares Subscribed But Unissued
CommonStockSharesSubscribedButUnissued
100000 shares
CY2016Q4 us-gaap Common Stock Shares Subscriptions
CommonStockSharesSubscriptions
1000000 USD
us-gaap Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
0
CY2016 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
-877465 USD
CY2016Q4 us-gaap Due From Related Parties
DueFromRelatedParties
108433 USD
CY2015 us-gaap Related Party Transaction Other Revenues From Transactions With Related Party
RelatedPartyTransactionOtherRevenuesFromTransactionsWithRelatedParty
-7000 USD
CY2016 us-gaap Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
547148 USD
CY2016 cik0001645873 Operating Expenses Reimbursement Maximum Limit Reimbursements
OperatingExpensesReimbursementMaximumLimitReimbursements
Under the prospectus, total operating expenses of the Company are limited to the greater of 2% of average invested assets or 25% of net income for the four most recently completed fiscal quarters (2%/25% Limitation).
cik0001645873 Increase In Other Offering Costs Due To Affiliates
IncreaseInOtherOfferingCostsDueToAffiliates
0 USD
CY2016 us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
171063 USD
us-gaap Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
0 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
2450550 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
2487342 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
2524914 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
2563267 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
1751890 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
18205728 USD
CY2016Q4 us-gaap Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
6427765 USD
CY2016 us-gaap Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
28571 USD
CY2016 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
274200 USD
CY2016 cik0001645873 Projected Revenue Description
ProjectedRevenueDescription
Company's investments in real estate are concentrated in two investment types with over 64% of projected revenues procuring from two office properties
CY2016Q4 us-gaap Real Estate Federal Income Tax Basis
RealEstateFederalIncomeTaxBasis
32985860 USD

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