10-Q Filing

GLOBAL MEDICAL REIT INC. CIK: 1533615 Q2 2017

Filing Information

Form Type	10-Q
Accession Number	`0001144204-17-041940`
Period End Date	20170630
Filing Date	20170810
Fiscal Year	2017
Fiscal Period	Q2
XBRL Instance	gmre-20170630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 82 Income Statement 60 Cash Flow Statement 93

Balance Sheet 82 line items

Line Item	Tag	Value	Unit	Period
Notes payable, net of unamortized discount	`DebtInstrumentUnamortizedDiscount`	$995.99K	USD	Point-in-time
Notes payable, net of unamortized discount	`DebtInstrumentUnamortizedDiscount`	$1.06M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Land	`Land`	$25.82M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Land	`Land`	$17.79M	USD	Point-in-time
Preferred stock, shares authorized	`PreferredStockSharesAuthorized`	10.00M	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Preferred stock, shares issued	`PreferredStockSharesIssued`	0.00	shares	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$306.20M	USD	Point-in-time
Building	`InvestmentBuildingAndBuildingImprovements`	$179.25M	USD	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
Site improvements	`BuildingsAndImprovementsGross`	$3.12M	USD	Point-in-time
Site improvements	`BuildingsAndImprovementsGross`	$1.47M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$1.19M	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$3.00M	USD	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$199.69M	USD	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Common stock, shares authorized	`CommonStockSharesAuthorized`	500.00M	shares	Point-in-time
Real Estate Investment Property, at Cost, Total	`RealEstateInvestmentPropertyAtCost`	$338.13M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	17.61M	shares	Point-in-time
Less: accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$6.52M	USD	Point-in-time
Less: accumulated depreciation	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$3.32M	USD	Point-in-time
Common stock, shares issued	`CommonStockSharesIssued`	21.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	21.11M	shares	Point-in-time
Common stock, shares outstanding	`CommonStockSharesOutstanding`	17.61M	shares	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$196.37M	USD	Point-in-time
Investment in real estate, net	`RealEstateInvestmentPropertyNet`	$331.61M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.03M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$9.18M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$2.29M	USD	Point-in-time
Restricted cash	`RestrictedCashAndCashEquivalents`	$941.34K	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$534.48K	USD	Point-in-time
Tenant receivables	`AccountsReceivableNet`	$212.44K	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$1.21M	USD	Point-in-time
Escrow deposits	`DepositsAssets`	$979.71K	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$17.22M	USD	Point-in-time
Acquired lease intangible assets, net	`FiniteLivedIntangibleAssetsNet`	$7.14M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$1.87M	USD	Point-in-time
Deferred assets	`DeferredCostsAndOtherAssets`	$704.54K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$927.09K	USD	Point-in-time
Deferred financing costs, net	`DeferredFinanceCostsNet`	$2.77M	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$88.69K	USD	Point-in-time
Other assets	`OtherAssetsNoncurrent`	$140.37K	USD	Point-in-time
Total assets	`Assets`	$369.40M	USD	Point-in-time
Total assets	`Assets`	$227.32M	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$574.00K	USD	Point-in-time
Accounts payable and accrued expenses	`AccruedLiabilitiesCurrentAndNoncurrent`	$2.22M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.60M	USD	Point-in-time
Dividends payable	`DividendsPayableCurrentAndNoncurrent`	$3.70M	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$719.59K	USD	Point-in-time
Security deposits and other	`SecurityDepositLiability`	$2.44M	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$638.79K	USD	Point-in-time
Due to related parties, net	`DueToRelatedPartiesCurrentAndNoncurrent`	$580.91K	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$1.11M	USD	Point-in-time
Acquired lease intangible liability, net	`BelowMarketLeaseNet`	$277.92K	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	-	USD	Point-in-time
Notes payable to related parties	`NotesPayableRelatedPartiesCurrentAndNoncurrent`	$421.00K	USD	Point-in-time
Notes payable, net of unamortized discount of $995,990 and $1,061,602 at June 30, 2017 and December 31, 2016, respectively	`NotesPayable`	$38.41M	USD	Point-in-time
Notes payable, net of unamortized discount of $995,990 and $1,061,602 at June 30, 2017 and December 31, 2016, respectively	`NotesPayable`	$38.48M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$27.70M	USD	Point-in-time
Revolving credit facility	`LineOfCredit`	$144.50M	USD	Point-in-time
Total liabilities	`Liabilities`	$193.09M	USD	Point-in-time
Total liabilities	`Liabilities`	$72.29M	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Preferred stock, $0.001 par value, 10,000,000 shares authorized; no shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Common stock $0.001 par value, 500,000,000 shares authorized at June 30, 2017 and December 31, 2016, respectively; 21,105,675 and 17,605,675 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$21.11K	USD	Point-in-time
Common stock $0.001 par value, 500,000,000 shares authorized at June 30, 2017 and December 31, 2016, respectively; 21,105,675 and 17,605,675 shares issued and outstanding at June 30, 2017 and December 31, 2016, respectively	`CommonStockValue`	$17.61K	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$202.51M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapital`	$172.00M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-16.99M	USD	Point-in-time
Accumulated deficit	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$-26.23M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$176.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$155.03M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$227.32M	USD	Point-in-time
Total liabilities and stockholders' equity	`LiabilitiesAndStockholdersEquity`	$369.40M	USD	Point-in-time

Income Statement 60 line items

Line Item	Tag	Value	Unit	Period
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$3.06M	USD	2 Qtrs
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$1.76M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$6.67M	USD	1 Quarter
Rental revenue	`OperatingLeasesIncomeStatementLeaseRevenue`	$11.30M	USD	2 Qtrs
Expense recoveries	`ReimbursementRevenue`	-	USD	1 Quarter
Expense recoveries	`ReimbursementRevenue`	$697.64K	USD	2 Qtrs
Expense recoveries	`ReimbursementRevenue`	-	USD	2 Qtrs
Expense recoveries	`ReimbursementRevenue`	$697.64K	USD	1 Quarter
Other income	`OtherRealEstateRevenue`	$88.37K	USD	2 Qtrs
Other income	`OtherRealEstateRevenue`	$58.77K	USD	1 Quarter
Other income	`OtherRealEstateRevenue`	$7.89K	USD	1 Quarter
Other income	`OtherRealEstateRevenue`	$22.97K	USD	2 Qtrs
Total revenue	`Revenues`	$7.42M	USD	1 Quarter
Total revenue	`Revenues`	$3.08M	USD	2 Qtrs
Total revenue	`Revenues`	$1.77M	USD	1 Quarter
Total revenue	`Revenues`	$12.08M	USD	2 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$536.07K	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	1 Quarter
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	-	USD	2 Qtrs
Acquisition fees	`BusinessCombinationAcquisitionRelatedCosts`	$1.48M	USD	2 Qtrs
Acquisition fees - related party	`RelatedPartyCosts`	-	USD	2 Qtrs
Acquisition fees - related party	`RelatedPartyCosts`	-	USD	1 Quarter
Acquisition fees - related party	`RelatedPartyCosts`	-	USD	1 Quarter
Acquisition fees - related party	`RelatedPartyCosts`	$754.00K	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.26M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$2.58M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$4.20M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$368.21K	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$180.00K	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$628.37K	USD	1 Quarter
Management fees - related party	`ManagementFeeExpense`	$1.26M	USD	2 Qtrs
Management fees - related party	`ManagementFeeExpense`	$90.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$1.85M	USD	1 Quarter
Depreciation expense	`Depreciation`	$942.83K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$544.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.20M	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	-	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	-	USD	1 Quarter
Amortization expense	`AdjustmentForAmortization`	$802.91K	USD	2 Qtrs
Amortization expense	`AdjustmentForAmortization`	$459.31K	USD	1 Quarter
Interest expense	`InterestExpense`	$3.09M	USD	2 Qtrs
Interest expense	`InterestExpense`	$1.99M	USD	1 Quarter
Interest expense	`InterestExpense`	$1.26M	USD	1 Quarter
Interest expense	`InterestExpense`	$2.39M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$14.02M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$2.26M	USD	1 Quarter
Total expenses	`OperatingExpenses`	$5.53M	USD	2 Qtrs
Total expenses	`OperatingExpenses`	$8.05M	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-494.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-622.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.44M	USD	2 Qtrs
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.35	USD	1 Quarter
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-2.38	USD	2 Qtrs
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.04	USD	1 Quarter
Net loss per share - Basic and Diluted	`EarningsPerShareBasicAndDiluted`	$-0.11	USD	2 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.62M	shares	2 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.43M	shares	1 Quarter
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	1.03M	shares	2 Qtrs
Weighted average shares outstanding - Basic and Diluted	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	17.64M	shares	1 Quarter

Cash Flow Statement 93 line items

Line Item	Tag	Value	Unit	Period
Net loss	`NetIncomeLoss`	$-494.20K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-622.76K	USD	1 Quarter
Net loss	`NetIncomeLoss`	$-1.94M	USD	2 Qtrs
Net loss	`NetIncomeLoss`	$-2.44M	USD	2 Qtrs
Depreciation expense	`Depreciation`	$1.85M	USD	1 Quarter
Depreciation expense	`Depreciation`	$942.83K	USD	2 Qtrs
Depreciation expense	`Depreciation`	$544.00K	USD	1 Quarter
Depreciation expense	`Depreciation`	$3.20M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$499.58K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfDeferredCharges`	$152.84K	USD	2 Qtrs
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	$802.91K	USD	2 Qtrs
Amortization of acquired lease intangible assets	`AmortizationOfLeasedAsset`	-	USD	2 Qtrs
Amortization of above (below) market leases	`AmortizationOfAboveAndBelowMarketLeases`	$-11.05K	USD	2 Qtrs
Amortization of above (below) market leases	`AmortizationOfAboveAndBelowMarketLeases`	-	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	-	USD	2 Qtrs
Stock-based compensation expense	`ShareBasedCompensation`	$1.14M	USD	2 Qtrs
Capitalized deal costs charged to expense	`NoncashMergerRelatedCosts`	$5.45K	USD	2 Qtrs
Capitalized deal costs charged to expense	`NoncashMergerRelatedCosts`	-	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$319.50K	USD	2 Qtrs
Restricted cash	`IncreaseDecreaseInRestrictedCashForOperatingActivities`	$1.52M	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	-	USD	2 Qtrs
Tenant receivables	`IncreaseDecreaseInOtherReceivables`	$322.05K	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$1.16M	USD	2 Qtrs
Deferred assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$131.42K	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.39M	USD	2 Qtrs
Accounts payable and accrued expenses	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.24M	USD	2 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$1.73M	USD	2 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$319.50K	USD	2 Qtrs
Security deposits and other	`IncreaseDecreaseInSecurityDeposits`	$719.59K	USD	Annual
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$7.67K	USD	2 Qtrs
Accrued management fees due to related party	`IncreaseDecreaseInDueToRelatedParties`	$30.00K	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$3.81M	USD	2 Qtrs
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivitiesContinuingOperations`	$-204.83K	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$-344.31K	USD	2 Qtrs
Escrow deposits for purchase of properties	`PaymentsForProceedsFromOtherDeposits`	$-249.45K	USD	2 Qtrs
Loans repayments from (made to) related party	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$40.38K	USD	2 Qtrs
Loans repayments from (made to) related party	`ProceedsFromPaymentsForLongTermLoansForRelatedParties`	$-39.04K	USD	2 Qtrs
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	$-120.69K	USD	2 Qtrs
Pre-acquisition costs for purchase of properties	`PaymentsForProceedsFromDepositsOnRealEstateAcquisitions`	-	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$148.47M	USD	2 Qtrs
Purchase of land, buildings, and other tangible and intangible assets and liabilities	`PaymentsForProceedsFromProductiveAssets`	$37.95M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-37.64M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivitiesContinuingOperations`	$-148.06M	USD	2 Qtrs
Net proceeds received from follow-on offering	`ProceedsFromIssuanceOfCommonStock`	-	USD	2 Qtrs
Net proceeds received from follow-on offering	`ProceedsFromIssuanceOfCommonStock`	$29.55M	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$210.45K	USD	2 Qtrs
Change in restricted cash	`IncreaseDecreaseInRestrictedCash`	$-171.80K	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$835.16K	USD	2 Qtrs
Escrow deposits required by third party lenders	`PaymentsForDepositsAppliedToDebtRetirements`	$16.98K	USD	2 Qtrs
Loans from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$1.66M	USD	2 Qtrs
Loans from related party	`ProceedsFromRepaymentsOfRelatedPartyDebt`	$9.83K	USD	2 Qtrs
Proceeds from notes payable from acquisitions	`ProceedsFromConvertibleDebt`	-	USD	2 Qtrs
Proceeds from notes payable from acquisitions	`ProceedsFromConvertibleDebt`	$41.32M	USD	2 Qtrs
Payments on notes payable from acquisitions	`PaymentsOnNotesPayableFromAcquisitions`	-	USD	2 Qtrs
Payments on notes payable from acquisitions	`PaymentsOnNotesPayableFromAcquisitions`	$9.41M	USD	2 Qtrs
Proceeds from note payable from related party	`ProceedsFromNotesPayable`	$450.00K	USD	2 Qtrs
Proceeds from note payable from related party	`ProceedsFromNotesPayable`	-	USD	2 Qtrs
Repayment of note payable from related party	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Repayment of note payable from related party	`RepaymentsOfRelatedPartyDebt`	$421.00K	USD	2 Qtrs
Proceeds from revolving credit facility, net	`ProceedsFromNotesPayableFromAcquisitions`	-	USD	2 Qtrs
Proceeds from revolving credit facility, net	`ProceedsFromNotesPayableFromAcquisitions`	$116.80M	USD	2 Qtrs
Payments of deferred initial public offering costs	`PaymentsOfStockIssuanceCosts`	$358.37K	USD	2 Qtrs
Payments of deferred initial public offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$2.28M	USD	2 Qtrs
Payments of deferred financing costs	`PaymentsOfDebtIssuanceCosts`	$1.09M	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$7.21M	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$3.60M	USD	Point-in-time
Dividends paid to stockholders	`PaymentsOfDividends`	$285.70K	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividends`	$21.11M	USD	Point-in-time
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$31.24M	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivitiesContinuingOperations`	$136.61M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-7.64M	USD	2 Qtrs
Net decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$-6.61M	USD	2 Qtrs
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$12.03M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$9.18M	USD	Point-in-time
Cash and cash equivalentsbeginning of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$19.67M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$12.03M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$9.18M	USD	Point-in-time
Cash and cash equivalentsend of period	`CashAndCashEquivalentsAtCarryingValue`	$2.57M	USD	Point-in-time
Cash payments for interest	`InterestPaidNet`	$2.48M	USD	2 Qtrs
Cash payments for interest	`InterestPaidNet`	$1.03M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	$3.70M	USD	2 Qtrs
Accrued dividends payable	`LiabilitiesAssumed1`	-	USD	2 Qtrs
Conversion of convertible debenture due to majority stockholder to common stock	`StockIssued1`	-	USD	2 Qtrs
Conversion of convertible debenture due to majority stockholder to common stock	`StockIssued1`	$15.00M	USD	2 Qtrs
Accrued deferred initial public offering costs	`AccruedDeferredInitialPublicOfferingCosts`	$174.32K	USD	2 Qtrs
Accrued deferred initial public offering costs	`AccruedDeferredInitialPublicOfferingCosts`	$1.15M	USD	2 Qtrs
Reclassification of deferred follow-on offering costs to additional paid-in capital	`ReclassificationOfDeferredPublicOfferingCostToAdditionalPaidInCapitalNonCashOrPartialNonCashTransaction`	-	USD	2 Qtrs
Reclassification of deferred follow-on offering costs to additional paid-in capital	`ReclassificationOfDeferredPublicOfferingCostToAdditionalPaidInCapitalNonCashOrPartialNonCashTransaction`	$394.09K	USD	2 Qtrs
Accrued capitalized deal costs	`CapitalExpendituresIncurredButNotYetPaid`	-	USD	2 Qtrs
Accrued capitalized deal costs	`CapitalExpendituresIncurredButNotYetPaid`	$74.46K	USD	2 Qtrs

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