10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001387131-13-001897 |
| Period End Date | 20130331 |
| Filing Date | 20130515 |
| Fiscal Year | 2013 |
| Fiscal Period | FY |
| XBRL Instance | netr-20130331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
45 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$165.64M | USD | Point-in-time |
| Real estate assets and lease intangibles, net |
RealEstateInvestmentPropertyNet
|
$162.49M | USD | Point-in-time |
| Mortgages receivable |
NotesReceivableGross
|
$920.22K | USD | Point-in-time |
| Mortgages receivable |
NotesReceivableGross
|
$920.22K | USD | Point-in-time |
| Cash And Cash Equivalents At Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$9.85M | USD | Point-in-time |
| Cash And Cash Equivalents At Carrying Value |
CashAndCashEquivalentsAtCarryingValue
|
$10.75M | 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
|
$4.87M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.15M | USD | Point-in-time |
| Restricted cash |
RestrictedCashAndCashEquivalents
|
$1.11M | USD | Point-in-time |
| Other real estate owned |
RealEstateAcquiredThroughForeclosure
|
$900.00K | USD | Point-in-time |
| Other real estate owned |
RealEstateAcquiredThroughForeclosure
|
$900.00K | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$5.81M | USD | Point-in-time |
| Other assets, net |
OtherAssets
|
$8.43M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$183.74M | USD | Point-in-time |
| TOTAL ASSETS |
Assets
|
$185.13M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$92.48M | USD | Point-in-time |
| Mortgage notes payable |
NotesPayable
|
$89.74M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$4.09M | USD | Point-in-time |
| Accounts payable and accrued liabilities |
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
$4.13M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.14M | USD | Point-in-time |
| Dividends payable |
DividendsPayableCurrentAndNoncurrent
|
$1.18M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$95.01M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$97.75M | USD | Point-in-time |
| Common Stock Shares Outstanding |
CommonStockSharesOutstanding
|
15.77M | shares | 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
|
$157.67K | USD | Point-in-time |
| Common stock series A, $0.01 par value, shares authorized: 100,000,000; |
CommonStockValueOutstanding
|
$160.72K | 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
|
$137.78M | USD | Point-in-time |
| Additional paid-in capital |
AdditionalPaidInCapitalCommonStock
|
$134.88M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-60.57M | USD | Point-in-time |
| Dividends in excess of accumulated losses |
RetainedEarningsAccumulatedDeficit
|
$-58.34M | USD | Point-in-time |
| Total shareholders' equity before noncontrolling interest |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$77.37M | USD | Point-in-time |
| Total shareholders' equity before noncontrolling interest |
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
$76.70M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$10.68M | USD | Point-in-time |
| Noncontrolling interest |
MinorityInterest
|
$11.37M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$88.74M | USD | Point-in-time |
| Total shareholders' equity |
StockholdersEquity
|
$87.38M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$183.74M | USD | Point-in-time |
| TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY |
LiabilitiesAndStockholdersEquity
|
$185.13M | 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
|
$5.07M | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$94.75K | USD | 1 Quarter |
| Fee and other income |
FeeAndOtherIncome
|
$109.57K | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$4.09M | USD | 1 Quarter |
| Total Revenues |
Revenues
|
$5.17M | USD | 1 Quarter |
| Direct Costs of Leased and Rented Property or Equipment |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.33M | USD | 1 Quarter |
| Direct Costs of Leased and Rented Property or Equipment |
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
$1.50M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.23M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$1.12M | USD | 1 Quarter |
| Depreciation, Depletion and Amortization |
DepreciationDepletionAndAmortization
|
$1.18M | USD | 1 Quarter |
| Depreciation, Depletion and Amortization |
DepreciationDepletionAndAmortization
|
$1.32M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$4.04M | USD | 1 Quarter |
| Total costs and expenses |
OperatingExpenses
|
$3.63M | USD | 1 Quarter |
| Income (loss) from operations |
IncomeLossFromOperations
|
$453.60K | USD | 1 Quarter |
| Income (loss) from operations |
IncomeLossFromOperations
|
$1.12M | USD | 1 Quarter |
| Interest Expense, Debt |
InterestExpenseDebt
|
$1.33M | USD | 1 Quarter |
| Interest Expense, Debt |
InterestExpenseDebt
|
$981.48K | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$20.36K | USD | 1 Quarter |
| Interest income |
InterestIncomeOperating
|
$21.26K | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfAssets
|
$44.08K | USD | 1 Quarter |
| Gain on sale of real estate |
GainsLossesOnSalesOfAssets
|
$446.65K | USD | 1 Quarter |
| Total other expense, net |
OtherIncome
|
$-917.04K | USD | 1 Quarter |
| Total other expense, net |
OtherIncome
|
$-866.12K | USD | 1 Quarter |
| Net income (loss) from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$-463.44K | USD | 1 Quarter |
| Net income (loss) from continuing operations |
IncomeLossFromContinuingOperationsIncludingPortionAttributableToNoncontrollingInterest
|
$257.91K | USD | 1 Quarter |
| Income (loss) attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$311.06K | USD | 1 Quarter |
| Income (loss) attributable to noncontrolling interests |
IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity
|
$108.17K | USD | 1 Quarter |
| Net loss |
IncomeLossFromContinuingOperations
|
$-53.15K | USD | 1 Quarter |
| Net loss |
IncomeLossFromContinuingOperations
|
$-571.61K | USD | 1 Quarter |
| Loss per common share - basic and diluted: |
EarningsPerShareBasicAndDiluted
|
- | USD | 1 Quarter |
| Loss per common share - basic and diluted: |
EarningsPerShareBasicAndDiluted
|
$-0.04 | USD | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15.90M | shares | 1 Quarter |
| Weighted average number of common shares outstanding |
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
|
15.31M | shares | 1 Quarter |
Cash Flow Statement
59 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net loss |
IncomeLossFromContinuingOperations
|
$-53.15K | USD | 1 Quarter |
| Net loss |
IncomeLossFromContinuingOperations
|
$-571.61K | USD | 1 Quarter |
| Depreciation amortization and amortization of above market rents |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.35M | USD | 1 Quarter |
| Depreciation amortization and amortization of above market rents |
DepreciationAmortizationAndAmortizationOfAboveMarketRents
|
$1.24M | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$159.68K | USD | 1 Quarter |
| Stock compensation |
RestrictedStockExpense
|
$166.79K | USD | 1 Quarter |
| Loss on sale of real estate assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$446.65K | USD | 1 Quarter |
| Loss on sale of real estate assets |
GainLossOnSaleOfPropertyPlantEquipment
|
$44.08K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$-14.19K | USD | 1 Quarter |
| Bad debt expense |
ValuationAllowancesAndReservesDeductions
|
$-16.61K | USD | 1 Quarter |
| Net Income Loss Attributable To Noncontrolling Interest |
NetIncomeLossAttributableToNoncontrollingInterest
|
$311.06K | 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
|
$800.25K | USD | 1 Quarter |
| IncreaseDecreaseInAccounts Payable And Accrued Liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-196.96K | USD | 1 Quarter |
| IncreaseDecreaseInAccounts Payable And Accrued Liabilities |
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
$-700.02K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$567.15K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$342.06K | USD | 1 Quarter |
| Payments for Tenant Improvements |
PaymentsForTenantImprovements
|
$497.88K | USD | 1 Quarter |
| Payments for Tenant Improvements |
PaymentsForTenantImprovements
|
$347.50K | USD | 1 Quarter |
| Payments To Acquire Real Estate |
PaymentsToAcquireRealEstate
|
$1.14M | USD | 1 Quarter |
| Payments To Acquire Real Estate |
PaymentsToAcquireRealEstate
|
$375.76K | USD | 1 Quarter |
| Proceeds on sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$2.19M | USD | 1 Quarter |
| Proceeds on sale of real estate assets |
ProceedsFromSaleOfProductiveAssets
|
$3.79M | USD | 1 Quarter |
| Purchase of notes receivable |
PaymentsToAcquireNotesReceivable
|
- | USD | 1 Quarter |
| Purchase of notes receivable |
PaymentsToAcquireNotesReceivable
|
$-775.00 | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$-281.92K | USD | 1 Quarter |
| Restricted cash |
IncreaseDecreaseInRestrictedCash
|
$36.48K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$2.27M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$1.60M | USD | 1 Quarter |
| Proceeds from mortgage notes payable |
ProceedsFromNotesPayable
|
$226.08K | USD | 1 Quarter |
| Proceeds from mortgage notes payable |
ProceedsFromNotesPayable
|
$18.73M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
ProceedsFromRepaymentsOfSecuredDebt
|
$-2.01M | USD | 1 Quarter |
| Repayment of mortgage notes payable |
ProceedsFromRepaymentsOfSecuredDebt
|
$-21.48M | USD | 1 Quarter |
| Proceeds received from noncontrolling interests In Excess of Distributions Paid |
ProceedsReceivedFromNoncontrollingInterestsInExcessOfDistributionsPaid
|
$-50.89K | USD | 1 Quarter |
| Proceeds received from noncontrolling interests In Excess of Distributions Paid |
ProceedsReceivedFromNoncontrollingInterestsInExcessOfDistributionsPaid
|
$378.04K | USD | 1 Quarter |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$18.89K | USD | 1 Quarter |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
- | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$1.01M | USD | 1 Quarter |
| Dividends paid |
PaymentsOfDividendsCommonStock
|
$1.14M | USD | 1 Quarter |
| Net cash provided by financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-3.51M | 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
|
$-895.39K | USD | 1 Quarter |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$9.85M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$10.75M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$4.18M | USD | Point-in-time |
| Beginning of year |
CashAndCashEquivalentsAtCarryingValue
|
$4.87M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$9.85M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$10.75M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.18M | USD | Point-in-time |
| End of period |
CashAndCashEquivalentsAtCarryingValue
|
$4.87M | USD | Point-in-time |
| Interest paid |
InterestPaid
|
$930.09K | USD | 1 Quarter |
| Interest paid |
InterestPaid
|
$1.33M | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$995.05K | USD | 1 Quarter |
| Reinvestment of cash dividend |
StockIssued1
|
$1.05M | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.18M | USD | 1 Quarter |
| Accrual of dividends payable |
AccrualOfDividendsPayable
|
$1.03M | USD | 1 Quarter |
| BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable |
BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable
|
$1.90M | USD | Point-in-time |
Stockholders Equity
17 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance, |
StockholdersEquity
|
$88.74M | USD | Point-in-time |
| Balance, |
StockholdersEquity
|
$87.38M | USD | Point-in-time |
| Share, Balance as of |
CommonStockSharesOutstanding
|
15.77M | shares | Point-in-time |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
$18.89K | USD | 1 Quarter |
| Deferred stock issuance costs |
PaymentsOfStockIssuanceCosts
|
- | USD | 1 Quarter |
| Net (loss) income |
IncomeLossFromContinuingOperations
|
$-53.15K | USD | 1 Quarter |
| Net (loss) income |
IncomeLossFromContinuingOperations
|
$-571.61K | USD | 1 Quarter |
| Dividend (declared)/reinvested |
DividendsPayableCurrentAndNoncurrent
|
$1.14M | USD | Point-in-time |
| Dividend (declared)/reinvested |
DividendsPayableCurrentAndNoncurrent
|
$1.18M | USD | Point-in-time |
| DividendsCash |
DividendsCash
|
$1.01M | USD | 1 Quarter |
| DividendsCash |
DividendsCash
|
$1.14M | USD | 1 Quarter |
| Issuance of vested restricted stock |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
$490.00K | USD | Annual |
| Issuance of vested restricted stock |
StockIssuedDuringPeriodValueRestrictedStockAwardGross
|
$637.00K | USD | 1 Quarter |
| BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable |
BusinessAcquisitionCostOfAcquiredEntityEquityInterestsIssuedAndIssuable
|
$1.90M | USD | Point-in-time |
| Share, Balance as of |
CommonStockSharesOutstanding
|
15.77M | shares | Point-in-time |
| Balance, |
StockholdersEquity
|
$88.74M | USD | Point-in-time |
| Balance, |
StockholdersEquity
|
$87.38M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.