Cash Flow

v3.7.0.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Cash flows from operating activities:    
Net income (loss) $ 514,760 $ (146,366)
Net income (loss) attributable to non-controlling interest 99,431 128,805
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 163,410 99,686
Unrealized trading losses, net (388)
Changes in operating assets and liabilities:    
Accounts receivable, net (448,183) (287,788)
Deferred rents receivable (67,437)  
Due from third parties (506,900) (246,600)
Due from related parties (35,108) 74,608
Other current assets (56,278) (10,187)
Other assets (109,520)  
Accounts payable and accrued expenses 633,454 414,279
Due to related parties 10,280 7,459
Other liabilities (5,000)
Net cash provided by operating activities 197,909 28,508
Cash flows from investing activities:    
Purchase of rental properties and equipment (3,766,154) (1,500,773)
Net cash used in investing activities (3,766,154) (1,500,773)
Cash flows from financing activities:    
Issuance of common stock 5,200,000
Issuance of preferred stock 200,000
Issuance of promissory notes 400,000 947,992
Proceeds from (paydown of) mortgage payable (4,728) 898,257
Proceeds from note receivable 19,442
Distributions (186,429)
Net cash provided by financing activities 5,814,714 1,659,820
Net change to cash and cash equivalents 2,246,469 187,555
Cash and cash equivalents at beginning of period 569,356 160,859
Cash and cash equivalents at end of period 2,815,825 348,414
Supplemental disclosure of cash flow information:    
Cash paid for interest 157,930 106,477
Cash paid for taxes
Non-cash activities:    
Issuance of common stock to pay accounts payable $ 38,965

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