10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001387131-12-001458 |
| Period End Date | 20120331 |
| Filing Date | 20120510 |
| Fiscal Year | 2012 |
| Fiscal Period | Q1 |
| XBRL Instance | netr-20120331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
44 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$147.75M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$145.24M | USD | Point-in-time |
| Mortgages receivable |
NotesReceivableGross
|
$1.03M | USD | Point-in-time |
| Mortgages receivable |
NotesReceivableGross
|
$1.03M | USD | Point-in-time |
| Cash And Cash Equivalents At Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$4.18M | USD | Point-in-time |
| Cash And Cash Equivalents At Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$7.03M | USD | Point-in-time |
| Cash And Cash Equivalents At Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$4.87M | USD | Point-in-time |
| Cash And Cash Equivalents At Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$6.62M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$684.77K | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$966.69K | USD | Point-in-time |
| Other real estate owned |
RealEstateAcquiredThroughForeclosure
|
$2.18M | USD | Point-in-time |
| Other real estate owned |
RealEstateAcquiredThroughForeclosure
|
$2.18M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$4.85M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$4.77M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$158.08M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$161.65M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$65.93M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$64.14M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$3.72M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$4.00M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.01M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.03M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$70.94M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$68.90M | USD | Point-in-time |
| Convertible series AA preferred stock, no par value, $25 liquidating preference, shares authorized: 1,000,000; no shares issued and outstanding liquidating value of $1,255,000 |
PreferredStockValueOutstanding
|
- | USD | Point-in-time |
| Convertible series AA preferred stock, no par value, $25 liquidating preference, shares authorized: 1,000,000; no shares issued and outstanding liquidating value of $1,255,000 |
PreferredStockValueOutstanding
|
- | USD | Point-in-time |
| Convertible Preferred Stock |
ConvertiblePreferredStock
|
$16.00 | USD | Point-in-time |
| Convertible Preferred Stock |
ConvertiblePreferredStock
|
$16.00 | USD | Point-in-time |
| Common stock series A, $0.01 par value, shares authorized: 100,000,000; |
CommonStockValueOutstanding
|
$152.88K | USD | Point-in-time |
| Common stock series A, $0.01 par value, shares authorized: 100,000,000; |
CommonStockValueOutstanding
|
$154.04K | USD | Point-in-time |
| Common stock series B, no par value, shares authorized: 1,000; no shares issued and outstanding |
CommonStockOtherValueOutstanding
|
- | USD | Point-in-time |
| Common stock series B, no par value, shares authorized: 1,000; no shares issued and outstanding |
CommonStockOtherValueOutstanding
|
- | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$130.42M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$131.49M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-47.78M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-50.44M | USD | Point-in-time |
| Total shareholders' equity before noncontrolling interest |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$81.21M | USD | Point-in-time |
| Total shareholders' equity before noncontrolling interest |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$82.79M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$7.98M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$7.92M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$90.71M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$89.19M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$158.08M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$161.65M | USD | Point-in-time |
Income Statement
34 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$3.98M | USD | 1 Quarter |
| Rental income |
OperatingLeasesIncomeStatementLeaseRevenue
|
$3.09M | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$109.57K | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$238.30K | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$4.09M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$3.33M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.11M | USD | 1 Quarter |
| Rental operating costs |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.33M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$917.70K | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.12M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$1.18M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationDepletionAndAmortization
|
$978.49K | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$3.63M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$3.00M | USD | 1 Quarter |
| Income (loss) from operations |
IncomeLossFromOperations
|
$453.60K | USD | 1 Quarter |
| Income (loss) from operations |
IncomeLossFromOperations
|
$323.58K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$981.48K | USD | 1 Quarter |
| Interest expense |
InterestExpenseDebt
|
$728.36K | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$24.17K | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$20.36K | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfAssets
|
$44.08K | USD | 1 Quarter |
| Loss on sale of real estate assets |
GainLossOnDispositionOfAssets
|
$-82.28K | USD | 1 Quarter |
| Total other expense, net |
OtherIncome
|
$-917.04K | USD | 1 Quarter |
| Total other expense, net |
OtherIncome
|
$-786.47K | USD | 1 Quarter |
| Net loss before noncontrolling interests |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-462.88K | USD | 1 Quarter |
| Net loss before noncontrolling interests |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-463.44K | USD | 1 Quarter |
| Income (loss) attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$75.92K | USD | 1 Quarter |
| Income (loss) attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$108.17K | USD | 1 Quarter |
| Net loss |
IncomeLossFromContinuingOperations
|
$-571.61K | USD | 1 Quarter |
| Net loss |
IncomeLossFromContinuingOperations
|
$-538.80K | USD | 1 Quarter |
| Loss per common share - basic and diluted: |
EarningsPerShareBasicAndDiluted
|
$-0.04 | USD | 1 Quarter |
| Loss per common share - basic and diluted: |
EarningsPerShareBasicAndDiluted
|
$-0.04 | USD | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15.31M | shares | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
13.29M | shares | 1 Quarter |
Cash Flow Statement
64 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
IncomeLossFromContinuingOperations
|
$-571.61K | USD | 1 Quarter |
| Net loss |
IncomeLossFromContinuingOperations
|
$-538.80K | USD | 1 Quarter |
| Depreciation amortization and amortization of above market rents |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$978.49K | USD | 1 Quarter |
| Depreciation amortization and amortization of above market rents |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.24M | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$109.62K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$166.79K | USD | 1 Quarter |
| Loss on sale of real estate assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$44.08K | USD | 1 Quarter |
| Loss on sale of real estate assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$-82.28K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$-15.92K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$-16.61K | USD | 1 Quarter |
| Net Income Loss Attributable To Noncontrolling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$75.92K | USD | 1 Quarter |
| Net Income Loss Attributable To Noncontrolling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$108.17K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$-347.58K | USD | 1 Quarter |
| Other assets |
IncreaseDecreaseInOtherOperatingAssets
|
$627.10K | USD | 1 Quarter |
| IncreaseDecreaseInAccounts Payable And Accrued Liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-156.43K | USD | 1 Quarter |
| IncreaseDecreaseInAccounts Payable And Accrued Liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-408.66K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$-60.11K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$858.52K | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$873.64K | USD | 1 Quarter |
| Real estate acquisitions |
PaymentsToAcquireRealEstate
|
$3.29M | USD | 1 Quarter |
| Proceeds on sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$2.19M | USD | 1 Quarter |
| Proceeds on sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$1.22M | USD | 1 Quarter |
| Deposits on potential acquisitions |
PaymentsForDepositsOnRealEstateAcquisitions
|
$196.50K | USD | 1 Quarter |
| Deposits on potential acquisitions |
PaymentsForDepositsOnRealEstateAcquisitions
|
$291.37K | USD | 1 Quarter |
| Purchase of notes receivable |
PaymentsToAcquireNotesReceivable
|
$124.02K | USD | 1 Quarter |
| Purchase of notes receivable |
PaymentsToAcquireNotesReceivable
|
$-775.00 | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-281.92K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-41.32K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.31M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-2.35M | USD | 1 Quarter |
| Proceeds from mortgage notes payable |
ProceedsFromLoanOriginations
|
$-226.08K | USD | 1 Quarter |
| Proceeds from mortgage notes payable |
ProceedsFromLoanOriginations
|
$-1.47M | USD | 1 Quarter |
| Stock Issued During Period, Value, Conversion of Units |
StockIssuedDuringPeriodValueConversionOfUnits
|
$-143.91K | USD | 1 Quarter |
| Repayment of mortgage notes payable |
ProceedsFromRepaymentsOfSecuredDebt
|
$-2.01M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
ProceedsFromRepaymentsOfSecuredDebt
|
$-2.23M | USD | 1 Quarter |
| Repurchase of common stock |
PaymentsForRepurchaseOfCommonStock
|
$158.39K | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
$3.26M | USD | 1 Quarter |
| Net proceeds from issuance of common stock |
ProceedsFromIssuanceOfCommonStock
|
- | USD | 1 Quarter |
| Proceeds received from noncontrolling interests |
ProceedsFromMinorityShareholders
|
$255.48K | USD | 1 Quarter |
| Distributions made to noncontrolling interests |
PaymentsToMinorityShareholders
|
$50.89K | USD | 1 Quarter |
| Repurchase of common stock - related parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$143.91K | USD | 1 Quarter |
| Repurchase of common stock - related parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$82.52K | USD | 1 Quarter |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$18.89K | USD | 1 Quarter |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$-305.05K | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$1.01M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$816.78K | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$2.01M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-2.86M | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-695.67K | USD | 1 Quarter |
| Net (decrease) increase in cash and cash equivalents |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-406.33K | USD | 1 Quarter |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$4.18M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$7.03M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$4.87M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$6.62M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.18M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$7.03M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.87M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.62M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$930.09K | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$636.74K | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$1.05M | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$944.75K | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.03M | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$880.67K | USD | 1 Quarter |
Stockholders Equity
12 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance, |
StockholdersEquity
|
$90.71M | USD | Point-in-time |
| Balance, |
StockholdersEquity
|
$89.19M | USD | Point-in-time |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$18.89K | USD | 1 Quarter |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$-305.05K | USD | 1 Quarter |
| Repurchase of common stock - Related Parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$143.91K | USD | 1 Quarter |
| Repurchase of common stock - Related Parties |
StockRepurchasedRelatedPartyDuringPeriodValue
|
$82.52K | USD | 1 Quarter |
| Stock Issued During Period, Value, Conversion of Units |
StockIssuedDuringPeriodValueConversionOfUnits
|
$-143.91K | USD | 1 Quarter |
| Net (loss) income |
IncomeLossFromContinuingOperations
|
$-571.61K | USD | 1 Quarter |
| Net (loss) income |
IncomeLossFromContinuingOperations
|
$-538.80K | USD | 1 Quarter |
| Dividend (declared)/reinvested |
DividendsPayableAmount
|
$1.11K | USD | Point-in-time |
| Balance, |
StockholdersEquity
|
$90.71M | USD | Point-in-time |
| Balance, |
StockholdersEquity
|
$89.19M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.