10-Q Filing

INNOVATIVE INDUSTRIAL PROPERTIES INC CIK: 1677576 Q1 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-026441`
Period End Date	20170331
Filing Date	20170511
Fiscal Year	2017
Fiscal Period	Q1
XBRL Instance	iipr-20170331.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 55 Income Statement 10 Cash Flow Statement 14 Stockholders Equity 10

Balance Sheet 55 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, 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 Authorized	`PreferredStockSharesAuthorized`	50.00M	shares	Point-in-time
Land	`Land`	$7.60M	USD	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 Issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	0.00	shares	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$22.48M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$22.48M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$30.07M	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total real estate, at cost	`RealEstateInvestmentPropertyAtCost`	$30.07M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	50.00M	shares	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$27.00K	USD	Point-in-time
Less accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$187.00K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	0.00	shares	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$30.05M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	0.00	shares	Point-in-time
Net real estate held for investment	`RealEstateInvestmentPropertyNet`	$29.89M	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	3.53M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$33.35M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	0.00	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	3.53M	shares	Point-in-time
Prepaid insurance and other assets, net	`PrepaidExpenseAndOtherAssets`	$268.00K	USD	Point-in-time
Prepaid insurance and other assets, net	`PrepaidExpenseAndOtherAssets`	$276.00K	USD	Point-in-time
Total assets	`Assets`	$63.51M	USD	Point-in-time
Total assets	`Assets`	$63.33M	USD	Point-in-time
Accounts payable, accrued expenses and other liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$344.00K	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
Offering cost liability	`OfferingCostsLiability`	-	USD	Point-in-time
Rents received in advance and tenant security deposit	`RentsReceivedInAdvanceAndTenantSecurityDeposit`	$2.54M	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
Total liabilities	`Liabilities`	$2.89M	USD	Point-in-time
Commitments and contingencies (Note 8)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 8)	`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 March 31, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, par value $0.001 per share, 50,000,000 shares authorized, no shares issued and outstanding as of March 31, 2017 and December 31, 2016	`PreferredStockValue`	-	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	$4.00K	USD	Point-in-time
Common Stock, Value, Issued	`CommonStockValue`	-	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$65.60M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapitalCommonStock`	$64.83M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.98M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-4.39M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.44M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$60.62M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$63.51M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$63.33M	USD	Point-in-time

Income Statement 10 line items

Line Item	Tag	Value	Unit	Period
Rental	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.29M	USD	1 Quarter
Other	`OtherRealEstateRevenue`	$35.00K	USD	1 Quarter
Total revenues	`RealEstateRevenueNet`	$1.32M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$985.00K	USD	1 Quarter
Stock-based compensation	`ShareBasedCompensation`	$770.00K	USD	1 Quarter
Depreciation	`Depreciation`	$161.00K	USD	1 Quarter
Total expenses	`OperatingExpenses`	$1.92M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-591.00K	USD	1 Quarter
Net loss per share (basic and diluted)	`EarningsPerShareBasicAndDiluted`	$-0.18	USD	1 Quarter
Basic and diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	3.35M	shares	1 Quarter

Cash Flow Statement 14 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-591.00K	USD	1 Quarter
Depreciation	`Depreciation`	$161.00K	USD	1 Quarter
Amortization of stock-based compensation awards	`ShareBasedCompensation`	$770.00K	USD	1 Quarter
Prepaid insurance and other assets, net	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$-7.00K	USD	1 Quarter
Accounts payable, accrued expenses, and other liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$275.00K	USD	1 Quarter
Security deposit	`IncreaseDecreaseInSecurityDeposits`	$2.00K	USD	1 Quarter
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$624.00K	USD	1 Quarter
Initial public offering costs	`PaymentsOfStockIssuanceCosts`	$276.00K	USD	1 Quarter
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$-276.00K	USD	1 Quarter
Net increase in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$348.00K	USD	1 Quarter
Cash and cash equivalents, December 31, 2016	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Cash and cash equivalents, December 31, 2016	`CashAndCashEquivalentsAtCarryingValue`	$33.35M	USD	Point-in-time
Cash and cash equivalents, March 31, 2017	`CashAndCashEquivalentsAtCarryingValue`	$33.00M	USD	Point-in-time
Cash and cash equivalents, March 31, 2017	`CashAndCashEquivalentsAtCarryingValue`	$33.35M	USD	Point-in-time

Stockholders Equity 10 line items

Line Item	Tag	Value	Unit	Period
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par or Stated Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Balance	`StockholdersEquity`	$60.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.62M	USD	Point-in-time
Net loss	`NetIncomeLoss`	$-591.00K	USD	1 Quarter
Reclassification of Class A and Class B common stock to common stock	`ReclassificationOfCommonStockValue`	-	USD	1 Quarter
Stock-based compensation	`StockIssuedDuringPeriodValueShareBasedCompensationGross`	$770.00K	USD	1 Quarter
Balance	`StockholdersEquity`	$60.44M	USD	Point-in-time
Balance	`StockholdersEquity`	$60.62M	USD	Point-in-time

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