2018 Form 10-K Financial Statement
#000164587319000003 Filed on March 29, 2019
Income Statement
Concept | 2018 | 2017 Q4 | 2017 |
---|---|---|---|
Revenue | $17.98M | $7.390M | |
YoY Change | 143.36% | 757.59% | |
Cost Of Revenue | $3.186M | $1.283M | |
YoY Change | 148.34% | ||
Gross Profit | $14.80M | $6.107M | |
YoY Change | 142.31% | ||
Gross Profit Margin | 82.29% | 82.64% | |
Selling, General & Admin | $2.571M | $3.743M | |
YoY Change | -31.32% | ||
% of Gross Profit | 17.37% | 61.28% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $6.989M | $3.082M | |
YoY Change | 126.8% | ||
% of Gross Profit | 47.23% | 50.46% | |
Operating Expenses | $21.17M | $10.93M | |
YoY Change | 93.6% | 264.44% | |
Operating Profit | -$6.368M | -$4.826M | |
YoY Change | 31.95% | ||
Interest Expense | $5.578M | $1.638M | |
YoY Change | 240.53% | 314.56% | |
% of Operating Profit | |||
Other Income/Expense, Net | $243.9K | $206.4K | |
YoY Change | 18.14% | -363.68% | |
Pretax Income | -$1.802M | -$868.5K | |
YoY Change | 107.46% | ||
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.802M | -$868.5K | |
YoY Change | 107.46% | -29.82% | |
Net Earnings / Revenue | -10.02% | -11.75% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$238.3K | -$114.9K | |
COMMON SHARES | |||
Basic Shares Outstanding | 8.240M shares | ||
Diluted Shares Outstanding | 0.000 shares |
Balance Sheet
Concept | 2018 | 2017 Q4 | 2017 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $5.253M | $3.238M | |
YoY Change | 62.21% | ||
Cash & Equivalents | $5.253M | $3.238M | $3.238M |
Short-Term Investments | |||
Other Short-Term Assets | $234.4K | $1.105M | |
YoY Change | -78.78% | ||
Inventory | |||
Prepaid Expenses | $1.105M | ||
Receivables | $3.659M | $1.263M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $9.146M | $5.606M | |
YoY Change | 63.15% | ||
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $224.7M | $135.3M | |
YoY Change | 66.09% | ||
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | $14.28M | $14.52M | $14.52M |
YoY Change | -1.71% | 312.17% | |
Other Assets | $3.503M | $944.6K | |
YoY Change | 270.88% | ||
Total Long-Term Assets | $243.3M | $151.5M | |
YoY Change | 60.61% | ||
TOTAL ASSETS | |||
Total Short-Term Assets | $9.146M | $5.606M | |
Total Long-Term Assets | $243.3M | $151.5M | |
Total Assets | $252.4M | $157.1M | $157.1M |
YoY Change | 60.71% | 280.3% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $227.8K | $244.4K | |
YoY Change | -6.81% | ||
Accrued Expenses | $2.694M | $1.304M | |
YoY Change | 106.6% | ||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $8.998M | $12.00M | |
YoY Change | -25.02% | ||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $17.73M | $15.71M | |
YoY Change | 12.87% | ||
LONG-TERM LIABILITIES | |||
Long-Term Debt | $122.7M | $60.49M | |
YoY Change | 102.87% | ||
Other Long-Term Liabilities | $2.896M | $1.584M | |
YoY Change | 82.82% | ||
Total Long-Term Liabilities | $125.6M | $62.07M | |
YoY Change | 102.36% | ||
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $17.73M | $15.71M | |
Total Long-Term Liabilities | $125.6M | $62.07M | |
Total Liabilities | $143.3M | $77.78M | $77.78M |
YoY Change | 84.29% | 312.07% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$6.084M | ||
YoY Change | 330.02% | ||
Common Stock | |||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $109.1M | $79.25M | $79.30M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $252.4M | $157.1M | $157.1M |
YoY Change | 60.71% | 280.3% |
Cashflow Statement
Concept | 2018 | 2017 Q4 | 2017 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.802M | -$868.5K | |
YoY Change | 107.46% | -29.82% | |
Depreciation, Depletion And Amortization | $6.989M | $3.082M | |
YoY Change | 126.8% | ||
Cash From Operating Activities | $5.882M | $3.791M | |
YoY Change | 55.16% | -664.0% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$88.80M | -$101.1M | |
YoY Change | -12.21% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$3.224M | -$14.45M | |
YoY Change | -77.69% | ||
Cash From Investing Activities | -$92.02M | -$115.6M | |
YoY Change | -20.39% | 211.11% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | -$35.54M | -$60.08M | |
YoY Change | -40.86% | 142.75% | |
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | $90.71M | $112.3M | |
YoY Change | -19.23% | 171.91% | |
NET CHANGE | |||
Cash From Operating Activities | $5.882M | $3.791M | |
Cash From Investing Activities | -$92.02M | -$115.6M | |
Cash From Financing Activities | $90.71M | $112.3M | |
Net Change In Cash | $4.573M | $505.4K | |
YoY Change | 804.89% | -85.46% | |
FREE CASH FLOW | |||
Cash From Operating Activities | $5.882M | $3.791M | |
Capital Expenditures | -$88.80M | -$101.1M | |
Free Cash Flow | $94.68M | $104.9M | |
YoY Change | -9.78% |
Facts In Submission
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Related Party Transaction Expense Reimbursement Percentage To Average Invested Assets
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Related Party Transaction Expense Reimbursement Percentage To Net Income
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CY2018Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
151215 | USD |
CY2017Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
0 | USD |
CY2018Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
300929 | USD |
CY2018Q4 | us-gaap |
Dividends
Dividends
|
748674 | USD |
CY2017Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
34194 | USD |
CY2018Q4 | us-gaap |
Due From Related Parties Current
DueFromRelatedPartiesCurrent
|
16838 | USD |
CY2017Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
907377 | USD |
CY2018Q4 | us-gaap |
Due To Related Parties Current And Noncurrent
DueToRelatedPartiesCurrentAndNoncurrent
|
979174 | USD |
CY2018 | us-gaap |
Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
0 | USD |
CY2018 | us-gaap |
Finite Lived Intangible Assets Remaining Amortization Period1
FiniteLivedIntangibleAssetsRemainingAmortizationPeriod1
|
P7Y7M6D | |
CY2017 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3742896 | USD |
CY2018 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
2570529 | USD |
CY2018Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
749170 | USD |
CY2017Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
34194 | USD |
CY2018Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
16838 | USD |
CY2017 | us-gaap |
Dividends
Dividends
|
3800625 | USD |
CY2018 | us-gaap |
Dividends
Dividends
|
8281817 | USD |
CY2017Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
2427 | USD |
CY2017Q4 | us-gaap |
Earnest Money Deposits
EarnestMoneyDeposits
|
40000 | USD |
CY2018Q4 | us-gaap |
Earnest Money Deposits
EarnestMoneyDeposits
|
100000 | USD |
CY2017 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.15 | |
CY2018 | us-gaap |
Earnings Per Share Basic And Diluted
EarningsPerShareBasicAndDiluted
|
-0.16 | |
CY2017 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
367686 | USD |
CY2018 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
896670 | USD |
CY2017Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
14524022 | USD |
CY2018Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
14275815 | USD |
CY2017 | us-gaap |
Escrow Deposit Disbursements Related To Property Acquisition1
EscrowDepositDisbursementsRelatedToPropertyAcquisition1
|
500000 | USD |
CY2017 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
199233 | USD |
CY2018 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
226024 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1323371 | USD |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1373044 | USD |
CY2017 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
182929 | USD |
CY2018 | us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
1159874 | USD |
CY2017 | us-gaap |
Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
|
-45668 | USD |
CY2018 | us-gaap |
Increase Decrease In Due From Affiliates Current
IncreaseDecreaseInDueFromAffiliatesCurrent
|
-17356 | USD |
CY2017 | us-gaap |
Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
|
861855 | USD |
CY2018 | us-gaap |
Increase Decrease In Due To Affiliates Current
IncreaseDecreaseInDueToAffiliatesCurrent
|
69020 | USD |
CY2017 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
91871 | USD |
CY2018 | us-gaap |
Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
|
-8592 | USD |
CY2017 | us-gaap |
Interest Expense
InterestExpense
|
1637984 | USD |
CY2018 | us-gaap |
Interest Expense
InterestExpense
|
5577828 | USD |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1285716 | USD |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4235739 | USD |
CY2017Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
186841 | USD |
CY2018Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
445481 | USD |
CY2017Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
108590813 | USD |
CY2018Q4 | us-gaap |
Investment Building And Building Improvements
InvestmentBuildingAndBuildingImprovements
|
176367798 | USD |
CY2017 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
7215 | USD |
CY2018 | us-gaap |
Investment Income Interest
InvestmentIncomeInterest
|
17879 | USD |
CY2017Q4 | us-gaap |
Land
Land
|
21878768 | USD |
CY2018Q4 | us-gaap |
Land
Land
|
41126392 | USD |
CY2017Q4 | us-gaap |
Liabilities
Liabilities
|
77777232 | USD |
CY2018Q4 | us-gaap |
Liabilities
Liabilities
|
143332182 | USD |
CY2017Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
157073447 | USD |
CY2018 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Managing Member Or General Partner Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPManagingMemberOrGeneralPartnerOwnershipInterest
|
0.99 | |
CY2018 | us-gaap |
Limited Liability Company Llc Or Limited Partnership Lp Members Or Limited Partners Ownership Interest
LimitedLiabilityCompanyLLCOrLimitedPartnershipLPMembersOrLimitedPartnersOwnershipInterest
|
0.01 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
3790837 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
5881889 | USD |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-868484 | USD |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-1801724 | USD |
CY2017 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
206448 | USD |
CY2018 | us-gaap |
Nonoperating Income Expense
NonoperatingIncomeExpense
|
243903 | USD |
CY2018Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
252425902 | USD |
CY2018Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
131707308 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
64973843 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
21115026 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
14516126 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
8130359 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
1435312 | USD |
CY2018Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
23852271 | USD |
CY2019Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
10.16 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
112308480 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
90710968 | USD |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-115593935 | USD |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-92019684 | USD |
CY2018Q4 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
24 | properties |
CY2017 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | Segments |
CY2018 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | Segments |
CY2018Q4 | us-gaap |
Number Of States In Which Entity Operates
NumberOfStatesInWhichEntityOperates
|
13 | States |
CY2017 | us-gaap |
Operating Expenses
OperatingExpenses
|
10933276 | USD |
CY2018 | us-gaap |
Operating Expenses
OperatingExpenses
|
21166721 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable
OperatingLeasesFutureMinimumPaymentsReceivable
|
140196892 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Current
OperatingLeasesFutureMinimumPaymentsReceivableCurrent
|
17588378 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Five Years
OperatingLeasesFutureMinimumPaymentsReceivableInFiveYears
|
13317933 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Four Years
OperatingLeasesFutureMinimumPaymentsReceivableInFourYears
|
15520338 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Three Years
OperatingLeasesFutureMinimumPaymentsReceivableInThreeYears
|
16752518 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable In Two Years
OperatingLeasesFutureMinimumPaymentsReceivableInTwoYears
|
17834035 | USD |
CY2018Q4 | us-gaap |
Operating Leases Future Minimum Payments Receivable Thereafter
OperatingLeasesFutureMinimumPaymentsReceivableThereafter
|
59183690 | USD |
CY2017 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
6140444 | USD |
CY2018 | us-gaap |
Operating Leases Income Statement Lease Revenue
OperatingLeasesIncomeStatementLeaseRevenue
|
14726046 | USD |
CY2017 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
169664 | USD |
CY2018 | us-gaap |
Other Amortization Of Deferred Charges
OtherAmortizationOfDeferredCharges
|
927535 | USD |
CY2017Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
386839 | USD |
CY2018Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
584676 | USD |
CY2017 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
2468138 | USD |
CY2018 | us-gaap |
Other Operating Income
OtherOperatingIncome
|
1136469 | USD |
CY2017 | us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
3935884 | USD |
CY2018 | us-gaap |
Other Payments To Acquire Businesses
OtherPaymentsToAcquireBusinesses
|
2702043 | USD |
CY2017 | us-gaap |
Other Real Estate Improvements
OtherRealEstateImprovements
|
685160 | USD |
CY2018 | us-gaap |
Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
|
100000 | USD |
CY2017 | us-gaap |
Payments For Deposits On Real Estate Acquisitions
PaymentsForDepositsOnRealEstateAcquisitions
|
0 | USD |
CY2018 | us-gaap |
Other Real Estate Improvements
OtherRealEstateImprovements
|
1730666 | USD |
CY2017 | us-gaap |
Payments For Mortgage Deposits
PaymentsForMortgageDeposits
|
40000 | USD |
CY2018 | us-gaap |
Payments For Mortgage Deposits
PaymentsForMortgageDeposits
|
0 | USD |
CY2017 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
2472571 | USD |
CY2018 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
8688479 | USD |
CY2017 | us-gaap |
Payments For Tenant Improvements
PaymentsForTenantImprovements
|
1899485 | USD |
CY2018 | us-gaap |
Payments For Tenant Improvements
PaymentsForTenantImprovements
|
3535163 | USD |
CY2017 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
731209 | USD |
CY2018 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
1656073 | USD |
CY2017 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1430607 | USD |
CY2018 | us-gaap |
Payments Of Financing Costs
PaymentsOfFinancingCosts
|
1200010 | USD |
CY2017 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2049847 | USD |
CY2018 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
1500285 | USD |
CY2017 | us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
103973925 | USD |
CY2018 | us-gaap |
Payments To Acquire And Develop Real Estate
PaymentsToAcquireAndDevelopRealEstate
|
93253505 | USD |
CY2017 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
100458868 | USD |
CY2018 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
87064535 | USD |
CY2017 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
10542594 | USD |
CY2018 | us-gaap |
Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
|
422440 | USD |
CY2017 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
685160 | USD |
CY2018 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
1730666 | USD |
CY2017Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2018Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.001 | |
CY2017Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2018Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2017Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2018Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
0 | USD |
CY2017Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1104573 | USD |
CY2018Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
234399 | USD |
CY2017 | us-gaap |
Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
|
95158 | USD |
CY2018 | us-gaap |
Proceeds From Distributions Received From Real Estate Partnerships
ProceedsFromDistributionsReceivedFromRealEstatePartnerships
|
623406 | USD |
CY2017 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
62555554 | USD |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
44223885 | USD |
CY2017 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
55369988 | USD |
CY2018 | us-gaap |
Proceeds From Secured Notes Payable
ProceedsFromSecuredNotesPayable
|
75687500 | USD |
CY2017 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
55390000 | USD |
CY2018 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
36450000 | USD |
CY2018Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
10563664 | USD |
CY2017 | us-gaap |
Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
|
104880154 | USD |
CY2018 | us-gaap |
Real Estate Acquisitions Through Foreclosures
RealEstateAcquisitionsThroughForeclosures
|
94670988 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationCarryingAmountOfBuildingsAndImprovements
|
194085618 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Carrying Amount Of Land
RealEstateAndAccumulatedDepreciationCarryingAmountOfLand
|
41126391 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Costs Capitalized Subsequent To Acquisition Improvements
RealEstateAndAccumulatedDepreciationCostsCapitalizedSubsequentToAcquisitionImprovements
|
2432550 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Buildings And Improvements
RealEstateAndAccumulatedDepreciationInitialCostOfBuildingsAndImprovements
|
191653068 | USD |
CY2018Q4 | us-gaap |
Real Estate And Accumulated Depreciation Initial Cost Of Land
RealEstateAndAccumulatedDepreciationInitialCostOfLand
|
41126391 | USD |
CY2017Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
79249866 | USD |
CY2018Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
103092769 | USD |
CY2017 | us-gaap |
Straight Line Rent
StraightLineRent
|
965846 | USD |
CY2016Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
33245041 | USD |
CY2017Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
138810355 | USD |
CY2018Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
235212009 | USD |
CY2018 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
262050 | USD |
CY2017Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
944582 | USD |
CY2018Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
3503242 | USD |
CY2017Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
944582 | USD |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
3503242 | USD |
CY2017Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-6083896 | USD |
CY2018Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-16167437 | USD |
CY2016Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
493185 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
3574739 | USD |
CY2018Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
10563664 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
138810355 | USD |
CY2018Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
235212009 | USD |
CY2017Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
135235616 | USD |
CY2018Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
224648345 | USD |
CY2017Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
149759638 | USD |
CY2018Q4 | us-gaap |
Real Estate Investments
RealEstateInvestments
|
238924160 | USD |
CY2017Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
46349 | USD |
CY2018Q4 | us-gaap |
Redeemable Noncontrolling Interest Equity Common Carrying Amount
RedeemableNoncontrollingInterestEquityCommonCarryingAmount
|
6000951 | USD |
CY2017 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
53547803 | USD |
CY2018 | us-gaap |
Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
|
39450000 | USD |
CY2017 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
407725 | USD |
CY2018 | us-gaap |
Repayments Of Notes Payable
RepaymentsOfNotesPayable
|
12892970 | USD |
CY2017 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
326600 | USD |
CY2017 | us-gaap |
Revenues
Revenues
|
7390206 | USD |
CY2018 | us-gaap |
Revenues
Revenues
|
17984625 | USD |
CY2018Q4 | us-gaap |
Sec Schedule Iii Real Estate Investment Property Net
SECScheduleIIIRealEstateInvestmentPropertyNet
|
224648345 | USD |
CY2017Q4 | us-gaap |
Secured Debt
SecuredDebt
|
60487303 | USD |
CY2018Q4 | us-gaap |
Secured Debt
SecuredDebt
|
122709308 | USD |
CY2017 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
163000 | USD |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
167835 | USD |
CY2018Q1 | us-gaap |
Share Price
SharePrice
|
10.00 | |
CY2017 | us-gaap |
Stock Issued1
StockIssued1
|
3067095 | USD |
CY2018 | us-gaap |
Stock Issued1
StockIssued1
|
5878104 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
66204898 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
50101989 | USD |
CY2017 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
163000 | USD |
CY2018 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
167835 | USD |
CY2017 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
2472571 | USD |
CY2018 | us-gaap |
Stock Redeemed Or Called During Period Value
StockRedeemedOrCalledDuringPeriodValue
|
8688479 | USD |
CY2018Q4 | us-gaap |
Stock Repurchase Program Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramNumberOfSharesAuthorizedToBeRepurchased
|
1147573 | shares |
CY2018Q4 | us-gaap |
Stock Repurchase Program Remaining Number Of Shares Authorized To Be Repurchased
StockRepurchaseProgramRemainingNumberOfSharesAuthorizedToBeRepurchased
|
59431 | shares |
CY2016Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
22231106 | USD |
CY2018 | us-gaap |
Straight Line Rent
StraightLineRent
|
1236145 | USD |
CY2017 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
7899 | USD |
CY2017Q4 | us-gaap |
Tenant Improvements
TenantImprovements
|
8340774 | USD |
CY2018 | us-gaap |
Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
|
-157613 | USD |
CY2017Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
12000000 | USD |
CY2017 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
7899 | USD |
CY2018 | us-gaap |
Unrealized Gain Loss On Derivatives
UnrealizedGainLossOnDerivatives
|
-157613 | USD |
CY2018Q4 | us-gaap |
Unsecured Debt
UnsecuredDebt
|
8998000 | USD |
CY2017 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
5982930 | shares |
CY2018 | us-gaap |
Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
11069864 | shares |
CY2018 | us-gaap |
Advertising Cost Policy Expensed Advertising Cost
AdvertisingCostPolicyExpensedAdvertisingCost
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Advertising Costs</font></div><div style="line-height:120%;padding-top:13px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Offering advertising costs charged to expense were $0 and $0 for the years ended </font><font style="font-family:inherit;font-size:10pt;">December 31, 2018</font><font style="font-family:inherit;font-size:10pt;"> and </font><font style="font-family:inherit;font-size:10pt;">2017</font><font style="font-family:inherit;font-size:10pt;">, respectively, and are included in general and administrative expenses in the accompanying statements of operations. Advertising costs relating to the offering are paid by the Advisor. These amounts are reimbursed to the Advisor as organization and offering costs that they incurred on the Company’s behalf, see Note 8.</font></div></div> | |
CY2018 | us-gaap |
Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
|
<div style="font-family:Times New Roman;font-size:10pt;"><div style="line-height:120%;padding-top:16px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-style:italic;font-weight:bold;">Reclassifications</font></div><div style="line-height:120%;padding-top:13px;text-indent:36px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Certain reclassifications have been made to the 2017 consolidated financial statements to conform with the 2018 consolidated financial statements presentation.</font></div></div> |