10-K Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 FY 2016

Filing Information

Form Type	10-K
Accession Number	`0001144204-17-016274`
Period End Date	20161231
Filing Date	20170323
Fiscal Year	2016
Fiscal Period	FY
XBRL Instance	iipr-20161231.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 24 Income Statement 14 Cash Flow Statement 19 Stockholders Equity 8

Balance Sheet 24 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par or Stated Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Land	`Land`	$7.60M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$22.48M	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$30.07M	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$27.00K	USD	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$30.05M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Prepaid insurance and other assets, net	`PrepaidExpenseAndOtherAssets`	$276.00K	USD	Point-in-time
Total assets	`Assets`	$63.33M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$70.00K	USD	Point-in-time
Offering cost liability	`OfferingCostsLiability`	$276.00K	USD	Point-in-time
Rents received in advance and tenant security deposit	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$2.54M	USD	Point-in-time
Total liabilities	`Liabilities`	$2.89M	USD	Point-in-time
Commitments and contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share, 50,000,000 shares authorized, no shares issued and outstanding as of December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$64.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	-	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.44M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$63.33M	USD	Point-in-time

Income Statement 14 line items

Line Item	Tag	Value	Unit	Period
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$180.00K	USD	2 Qtrs
Tenant reimbursements	`TenantReimbursements`	$87.00K	USD	2 Qtrs
Other	`OtherRealEstateRevenue`	$54.00K	USD	2 Qtrs
Total revenues	`RealEstateRevenueNet`	$321.00K	USD	2 Qtrs
Property expenses	`DirectCostsOfLeasedAndRentedPropertyOrEquipment`	$87.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$770.00K	USD	2 Qtrs
Stock-based compensation	`ShareBasedCompensation`	$58.00K	USD	2 Qtrs
Forfeited Class B common shares	`ForfeitedClassBCommonShares`	$3.71M	USD	2 Qtrs
Organization costs	`OtherGeneralExpense`	$64.00K	USD	2 Qtrs
Depreciation	`Depreciation`	$27.00K	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$4.71M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.39M	USD	2 Qtrs
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-4.56	USD	2 Qtrs
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	962,775.00	shares	2 Qtrs

Cash Flow Statement 19 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-4.39M	USD	2 Qtrs
Depreciation	`Depreciation`	$27.00K	USD	2 Qtrs
Amortization of stock-based compensation awards	`ShareBasedCompensation`	$58.00K	USD	2 Qtrs
Forfeited Class B common shares	`NoncashForfeitedClassBCommonShares`	$3.71M	USD	2 Qtrs
Prepaid insurance and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$276.00K	USD	2 Qtrs
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$27.00K	USD	2 Qtrs
Rents received in advance and tenant security deposit	`IncreaseDecreaseInCustomerAdvances`	$2.54M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$1.69M	USD	2 Qtrs
Acquisition of Initial Property	`PaymentsToAcquireRealEstate`	$30.03M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-30.03M	USD	2 Qtrs
Redemption of Class B common stock	`PaymentsForRepurchaseOfCommonStock`	$1.00K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$61.34M	USD	2 Qtrs
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$33.00M	USD	2 Qtrs
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, beginning of period	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	-	USD	Point-in-time
Cash and cash equivalents, end of period	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Invoices accrued for capitalized costs	`InvoicesAccruedForCapitalizedCost`	$43.00K	USD	2 Qtrs
Invoices accrued for offering costs	`InvoicesAccruedForOfferingCost`	$276.00K	USD	2 Qtrs

Stockholders Equity 8 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$60.44M	USD	Point-in-time
Redemption of Class B common stock	`StockRepurchasedDuringPeriodValue`	$1.00K	USD	2 Qtrs
Forfeited Class B common shares	`AdjustmentsToAdditionalPaidInCapitalOther`	$3.71M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-4.39M	USD	2 Qtrs
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$58.00K	USD	2 Qtrs
Balance	`StockholdersEquity`	-	USD	Point-in-time
Balance	`StockholdersEquity`	$60.44M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.