Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Stockholders' Equity

v3.3.1.900
Consolidated Statements of Stockholders' Equity - USD ($)
Total
Common Stock [Member]
Additional Paid-in Capital [Member]
Accumulated Distributions in Excess of Net Income [Member]
Beginning Balance at Dec. 31, 2012 $ 8,136,726 $ 2,750   $ 8,133,976
Beginning Balance, Shares at Dec. 31, 2012   2,750,000    
Net income (loss) (1,224,683)     (1,224,683)
Proceeds from issuance of common stock, net 51,330,042 $ 3,780 $ 51,326,262  
Proceeds from issuance of common stock, net, Shares   3,780,264    
Distributions (9,730,093)     (9,730,093)
Ending Balance at Dec. 31, 2013 48,511,992 $ 6,530 51,326,262 (2,820,800)
Ending Balance, Shares at Dec. 31, 2013   6,530,264    
Net income (loss) (125,133)     (125,133)
Proceeds from issuance of common stock, net 14,041,271 $ 1,224 14,040,047  
Proceeds from issuance of common stock, net, Shares   1,223,453    
Distributions (2,458,802)     (2,458,802)
Ending Balance at Dec. 31, 2014 59,969,328 $ 7,754 65,366,309 (5,404,735)
Ending Balance, Shares at Dec. 31, 2014   7,753,717    
Net income (loss) 568,545     568,545
Proceeds from issuance of common stock, net 21,528,025 $ 2,239 21,525,786  
Proceeds from issuance of common stock, net, Shares   2,239,224    
Distributions (4,059,179)     (4,059,179)
Ending Balance at Dec. 31, 2015 $ 78,006,719 $ 9,993 $ 86,892,095 $ (8,895,369)
Ending Balance, Shares at Dec. 31, 2015   9,992,941