Annual report pursuant to Section 13 and 15(d)

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 4,104,315 $ 1,290,231
Accounts receivable, net 5,376,966 1,453,484
Deferred rents receivable 2,096,384 610,789
Due from third parties 3,860,377 1,196,918
Due from related parties 15,000
Note receivable, current portion 51,462 45,444
Other current assets 219,012 357,019
Total current assets 15,708,516 4,968,885
Property and equipment, net 34,099,864 25,954,931
Intangibles 185,000 333,201
Investments 1,672,163
Note receivable, long-term portion 1,092,376 578,831
Debentures receivable 30,000,000
Due from related parties 119,781 119,781
Other assets 82,924 246,386
Total assets 82,960,624 32,202,015
Current liabilities:    
Accounts payable 3,915,430 2,831,658
Accrued expenses 1,588,368 1,405,336
Deferred rents payable 105,901
Due to related parties 276,311 400,996
Mortgages payable, current portion 125,178 118,556
Notes payable 3,877,701 10,665,899
Total current liabilities 9,888,889 15,422,445
Mortgages payable, long-term portion 7,411,634 5,532,397
Debentures payable 3,557,440
Other liabilities 338,200 240,013
Total liabilities 21,196,163 21,194,855
Stockholders' equity:    
Series A convertible preferred stock, $0.001 par value; 50,000,000 shares authorized at December 31, 2018 and 2017; no shares issued or outstanding at December 31, 2018 and 2017
Series A preferred stock subscribed but not issued; zero and 500,000 shares at December 31, 2018 and 2017, respectively 500
Common stock, $0.001 par value; 500,000,000 shares authorized at December 31, 2018 and 2017; 211,013,043 and 176,850,331 shares issued and outstanding at December 31, 2018 and 2017, respectively 211,013 176,850
Common stock subscribed but not issued; 97,136 and 1,000,000 shares at December 31, 2018 and 2017, respectively 169,123 370,000
Additional paid-in capital 87,180,165 22,256,060
Accumulated deficit (25,575,808) (11,971,740)
Noncontrolling interests (220,032) 175,490
Total stockholders' equity 61,764,461 11,007,160
Total liabilities and stockholders' equity $ 82,960,624 $ 32,202,015