MJ (MJNE) 10-Q 14 Aug 15 2015 Q2 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 12, 2015
Document and Entity Information [Abstract]
Entity Registrant Name	MJ Holdings, Inc.
Entity Central Index Key	1,456,857
Document Type	10-Q
Document Period End Date	Jun. 30, 2015
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2,015
Document Fiscal Period Focus	Q2
Entity Filer Category	Smaller Reporting Company
Entity Common Stock, Shares Outstanding		14,007,939

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Real estate property:
Land	$ 747,389	$ 551,251
Buildings and improvements	3,141,193	2,442,188
Real estate property, gross	3,888,582	2,993,439
Accumulated depreciation	(82,846)	(38,173)
Real estate property, net	3,805,736	2,955,266
Cash	151,101	175,792
Deferred leasing costs	171,357	202,545
Deferred rent receivable	29,170	6,936
Prepaid expenses and other assets	22,915	73,377
Total Assets	4,180,279	3,413,916
Liabilities:
Notes payable - related party	2,725,000	1,800,000
Security deposits	95,203	102,045
Accounts payable and accrued liabilities	68,984	195,582
Total Liabilities	$ 2,889,187	$ 2,097,627
Stockholders' Equity:
Preferred stock, par value $0.001, 5,000,000 shares authorized; 0 shares issued and outstanding
Common stock, par value $0.001, 95,000,000 shares authorized; 13,977,388 and 13,878,522 shares issued and outstanding, respectively	$ 13,977	$ 13,879
Additional paid-in capital	2,721,272	2,640,120
Accumulated deficit	(1,444,157)	(1,337,710)
Total Stockholders' Equity	1,291,092	1,316,289
Total Liabilities and Stockholders' Equity	$ 4,180,279	$ 3,413,916

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Condensed Consolidated Balance Sheets [Abstract]
Preferred stock, par value per share	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value per share	$ 0.001	$ 0.001
Common stock, shares authorized	95,000,000	95,000,000
Common stock, shares issued	13,977,388	13,878,522
Common stock, shares outstanding	13,977,388	13,878,522

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Rental income	$ 155,883	$ 4,428	$ 288,687	$ 4,428
Operating Expenses:
Property expenses	22,246	10,681	77,949	10,681
General and administrative expenses	88,470	300,524	161,978	313,383
Depreciation expense	24,510	1,924	44,673	1,924
Total operating expenses	135,226	313,129	284,600	325,988
Operating income (loss)	20,657	(308,701)	4,087	(321,560)
Interest expense, net - related party	(63,075)	(7,123)	(110,534)	(8,328)
Loss before income taxes	$ (42,418)	$ (315,824)	$ (106,447)	$ (329,888)
Provision for income taxes
Net Loss	$ (42,418)	$ (315,824)	$ (106,447)	$ (329,888)
Basic and diluted net loss per common share:
Weighted average shares outstanding	13,912,690	13,813,403	13,899,034	13,041,482
Net loss per common share	$ (0.003)	$ (0.023)	$ (0.008)	$ (0.025)

Condensed Consolidated Stateme5

Condensed Consolidated Statements of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Cash flow from operating activities:
Net loss	$ (106,447)	$ (329,888)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation	44,673	1,924
Stock-based compensation	81,250	$ 269,117
Deferred rental income	(22,233)
Amortization of deferred leasing and debt costs	19,408	$ 301
Changes in operating assets and liabilities:
Deferred leasing costs	17,510
Prepaid and other assets	55,365	$ (11,738)
Security deposits	(6,842)
Accounts payable and accrued liabilities	(126,598)	$ 34,937
Net Cash Used in Operating Activities	(43,914)	(35,347)
Cash flow from investing activities:
Acquisition of real estate property	(895,143)	(2,214,000)
Net Cash Used in Investing Activities	$ (895,143)	(2,214,000)
Cash flow from financing activities:
Proceeds from the sale of common stock		1,615,000
Proceeds from notes payable - related party	$ 925,000	1,800,000
Payment for debt issuance costs	$ (10,634)	(19,202)
Proceeds from loans from stockholders		200
Net Cash Provided by Financing Activities	$ 914,366	3,395,998
Net increase (decrease) in cash	(24,691)	1,146,651
Cash at beginning of period	175,792	478
Cash at end of period	151,101	1,147,129
Supplemental disclosure of cash flow information:
Cash paid for interest to related party	$ 97,096	5,918
Supplemental schedule of non-cash financing activities:
Accounts payable paid by principal stockholders		$ 7,665

Interim Financial Statements

Interim Financial Statements	6 Months Ended
	Jun. 30, 2015
Interim Financial Statements [Abstract]
Interim Financial Statements	Note 1 — Interim Financial Statements The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information and with the rules and regulations of the U.S. Securities and Exchange Commission (“SEC”). Accordingly, these condensed consolidated financial statements do not include all of the information and footnotes required for audited annual financial statements. In the opinion of management, all adjustments (consisting of normal recurring accruals) considered necessary to make the condensed consolidated financial statements not misleading have been included. The ba lance sheet at December 31, 2014, has been derived from the Company's audited consolidated financial statements as of that date. The unaudited condensed consolidated financial statements included herein should be read in conjunction with the audited consolidated financial statements and the notes thereto that are included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014, that was f iled with the SEC on March 30, 2015 . The results of operations for the three and six months ended June 30, 2015 , are not necessarily indicative of the results to be expected for the full year. The unaudited condensed consolidated financial statements include the accounts of the Company and its wholly owned subsidiaries, 5353 Joliet, LLC, MJ Havana, LLC, and MJ Sheridan, LLC. Intercompany balances and transactions have been eliminated in consolidation.

Summary of Significant Accounti

Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 2 — Summary of Significant Accounting Policies The significant accounting policies followed by the Company for interim reporting are consistent with those included in the Company's Annual Report on Form 10-K for the year ended December 31, 2014. There were no material changes to our significant accounting policies during the interi m period ended June 30, 2015 . Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the "FASB") issued guidance to clarify the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a comprehensive framework for revenue recognition that supersedes current general revenue guidance and most industry-specific guidance. In addition, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. An entity should apply the guidance either retrospectively to each prior reporting period presented or retrospectively with the cumulative adjustment at the date of the initial application. In July 2015, the FASB delayed the effective date of the new guidance to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is now permitted after the original effective date of December 15, 2016. The Company is currently in the process of evaluating the impact of adoption of the new accounting guidance on its consolidated financial statements and has not determined the impact of adoption on its consolidated financial statements. In August 2014, FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The new guidance is effective for the annual period ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Since this guidance primarily addresses certain disclosures to the financial statements, we anticipate no impact on our financial position, results of operations or cash flows from adopting this standard. The Company is currently in the process of evaluating the additional disclosure requirements of the new guidance and has not determined the impact of adoption on its financial statement disclosures. In April 2015, the FASB issued guidance to simplify the presentation of debt issuance costs. This guidance provides that debt issuance costs related to a recognized liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. This guidance is effective for fiscal years and interim periods beginning after December 15, 2015 and is required to be applied on a retrospective basis. Early adoption is permitted for financial statements that have not been previously issued. As of June 30, 2015, we had $ 18,837 $ 2.7 . The adoption of this standard is not expected to have a material impact on our financial position and will not impact our results of operations or cash flows.

Going Concern

Going Concern	6 Months Ended
	Jun. 30, 2015
Going Concern [Abstract]
Going Concern	Note 3 — Going Concern The Company's financial statements have been prepared on a going concern basis, which contemplates the realization of assets and settlement of liabilities and commitments in the normal course of business. During the three and six months ended June 30, 2015 , the Company i ncurred net losses of $ 42,418 and $ 106,447 The Company had an a ccumulated deficit of $ 1,444,157 . These factors, among others, raise substantial doubt about the Company's ability to continue as a going concern. The Company's future success is dependent upon its ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. Although we can provide no assurances, we believe our cash on hand, coupled with revenues generated by rental income and our ability to refinance our equity in the real estate we own, will provide sufficient liquidity and capital resources to fund our business for the next twelve months. In the event the Company experiences liquidity and capital resource constraints because of unanticipated operating losses, we may need to raise additional capital in the form of equity and/or debt financing. If such additional capital is not available on terms acceptable to us or at all, then we may need to curtail our operations and/or take additional measures to conserve and manage our liquidity and capital resources, any of which would have a material adverse effect on our financial position, results of operations, and our ability to continue in existence. These financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Real Estate Property Acquisitio

Real Estate Property Acquisitions	6 Months Ended
	Jun. 30, 2015
Real Estate Property Acquisitions [Abstract]
Real Estate Property Acquisitions	Note 4 — Real Estate Property Acquisitions 5353 Joliet Street In June 2014, through its wholly-owned subsidiary, 5353 Joliet LLC, the Company acquired an owner-occupied 22,144 1.4 2,214,000 1,800,000 414,000 100,000 no The promissory note bears interest at 10 June 1, 2016 June 19, 2015 For the six months ended June 30, 2015 and 2014, the Company recorded $ 90,000 5,918 In September 2014, the Company entered into a lease agreement contingent upon the lessee obtaining city and state licenses and permits for its intended operations at the premises. The contingencies were met by the lessee, and the lease agreement became effective December 1, 2014. The lease agreement is for a term of seven 25,835 2 503 Havana Street In September 2014, through its wholly-owned subsidiary, MJ Havana LLC, the Company acquired an owner-occupied 1,250 23,625 756,000 Prior to closing on the property acquisition, the C ompany had pre-negotiated a 10-year lease agreement with a third-party, a licensed marijuana dispensary company serving both medical and adult (21+) customers in Colorado. Once the closing of the property was completed with the seller, the pre-negotiated lease was executed in September 2014 with the third-party . Pursuant to the terms of the lease agreement, the Company agreed to contribute $ 150,000 - see Note 5 below for additional lease details. As of June 30, 2015, the Company had paid $ 146,026 1126 South Sheridan Boulevard In May 2015, through its wholly-owned subsidiary, MJ Sheridan LLC, the Company acquired real estate property located at 1126 South Sheridan Boulevard in Denver, Colorado, for $ 771,750 925,000 771,750 17,729 3,828 The promissory note is held by CMG, an entity wholly-owned by the Company's co-CEO, Shawn Chemtov. CMG has assigned all ownership and security interest granted to it pursuant to the promissory note to a single purpose entity created solely for the purpose of this transaction. CMG acts as the loan servicing entity for the promissory note, administering the note and processing payments from the Company. CMG charges no The promissory note bears interest at 10 June 1, 2017 14,804 Prior to closing on the property acquisition, the Company had pre-negotiated a 10 A summary of real estate property at June 30, 2015 , is as follows: Estimated June 30, Life 201 5 Buildings 30 $ 2,995,167 Improvements 9 10 146,026 Land Not depreciated 747,389 Total real estate property 3,888,582 Less: Accumulated depreciation (82,846 ) Real estate property, net $ 3,805,736

Operating Leases

Operating Leases	6 Months Ended
	Jun. 30, 2015
Operating Leases [Abstract]
Operating Leases	Note 5 — Operating Leases The Company generates revenues by leasing its acquired real estate properties through operating leasing arrangements. A summary of revenues generated from our rental properties for the three and six months ended June 30, 2015 and 2014 , is as follows: Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 Revenues: Rental payments $ 129,270 $ 4,428 $ 240,524 $ 4,428 Reimbursed operating expenses 14,177 — 25,930 — Deferred rent revenue 12,436 — 22,233 — Total revenues from rental properties $ 155,883 $ 4,428 $ 288,687 $ 4,428 503 Havana Street In September 2014, the Company entered into a non-cancelable operating lease agreement with a marijuana dispensary (the "Lessee") to move into the Company's acquired property located at 503 Havana Street in Aurora, Colorado. The lease agreement is for a term of ten 11,250 3 150,000 Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one additional ten 5353 Joliet Street In September 2014, the Company entered into a lease agreement for its property and warehouse building located at 5353 Joliet Street in Denver, Colorado. The lease agreement is for a term of seven 25,835 2 The lease was contingent upon the lessee, obtaining city and state licenses and permits for its intended operations at the premises, within the dates provided in the lease agreement. The contingencies were met by the lessee, and the lease agreement became effective December 1, 2014. Upon the expiration of the seven-year term, the lessee has the option to renew the lease for two separate five 1126 South Sheridan Boulevard In May 2015, the Company entered into a lease agreement for its acquired property located at 1126 South Sheridan Boulevard in Denver, Colorado. The lease agreement is for a term of ten 10,945 3 Upon the expiration of the term of ten years, the Lessee has the option to renew the lease agreement for one additional ten Future minimum rental payments, excluding the reimbursement of specified operating expenses, for non-cancelable operating lease agreemen ts are as follows as of June 30, 2015 : 2015 $ 282,952 2016 575,968 2017 590,069 2018 604,530 2019 619,359 Thereafter 2,124,431 Total minimal rental payments $ 4,797,309

Related Party Transactions

Related Party Transactions	6 Months Ended
	Jun. 30, 2015
Related Party Transactions [Abstract]
Related Party Transactions	Note 6 — Related Party Transactions In February 2014, in connection with the change in control of the Company, the principal stockholders paid $ 7,665 During the six months ended June 30, 2014, the Company borrowed $ 5,277 and repaid $ 5,077 200 During the six months ended June 30, 2015, the Company paid $ 97,096 for interest due pursuant to $ 2,725,000

Stockholder Loans Payable

Stockholder Loans Payable	6 Months Ended
	Jun. 30, 2015
Stockholder Loans Payable [Abstract]
Stockholder Loans Payable	Note 7 — Stockholder Loans Payable Stockholder loans payable consisted of two sets of three promissory notes with two of its stockholders in which the company may borrow up to $ 25,000 20,000 10,000 These borrowings accrued interest at 5 8 8 They were due in part in December 2014 and December 2016. In February 2014, in connection with the change of control of the Company, Messrs. Chemtov and Laufer, purchased the Stock holder loans from Messrs. Peraman and Sarfoh . On August 31, 2014, the outstanding balance of $ 99,450 19,890 5.00 For the six months ended June 30, 2014 , the Company accrued interest expense of $ 2,410

Sale of Unregistered Securities

Sale of Unregistered Securities	6 Months Ended
	Jun. 30, 2015
Sale of Unregistered Securities [Abstract]
Sale of Unregistered Securities	Note 8 — Sale of Unregistered Securities The Company conducted a private placement of its shares of common stock, whereby we sold 1,615,000 1,615,000 For the six months ended June 30, 2014, the Company received proceeds from the private placement of $ 1,615 ,000 . The shares were issued pursuant to an exemption from the registration requirements under Section 4(2) of the Securities Act of 1933, as amended (the “Securities Act”), and Rule 506 of Regulation D promulgated thereunder (“Regulation D”) since, among other things, the transactions did not involve a public offering and the securities were acquired for investment purposes only and not with a view to or for sale in connection with any distribution thereof. Offers and sales were made solely to persons qualifying as “accredited investors” (as such term is defined by Rule 501 of Regulation D). The securities offered will not be and have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Stock Based Compensation

Stock Based Compensation	6 Months Ended
	Jun. 30, 2015
Stock Based Compensation [Abstract]
Stock Based Compensation	Note 9 — Stock Based Compensation Warrants A summary of warrants issued, exerc ised and expired during the six months ended June 30, 2015 , is as follows: Weighted Avg. Exercise Warrants: Shares Price Balance at January 1, 2015 166,665 $ 5.88 Issued — — Exercised — — Expired — — Balance at June 30, 2015 166,665 $ 5.88 Common Stock During the six months ended June 30, 2015, the Company issued 98,866 shares of common stock for consul ting services and recorded $ 81,25 0 of stock-based compensation expense for these consulting services, which has been classified as General and administrative expenses. The stock-based compensation expense was calculated based on the grant date fair value of the common stock shares issued in exchange for the consulting services.

Summary of Significant Accoun15

Summary of Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2015
Summary of Significant Accounting Policies [Abstract]
Recent Accounting Pronouncements	Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board (the "FASB") issued guidance to clarify the principles for recognizing revenue. The core principle of the guidance is that an entity should recognize revenue to depict the transfer of promised goods or services to customers in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services. The guidance provides a comprehensive framework for revenue recognition that supersedes current general revenue guidance and most industry-specific guidance. In addition, the guidance requires improved disclosures to help users of financial statements better understand the nature, amount, timing, and uncertainty of revenue that is recognized. An entity should apply the guidance either retrospectively to each prior reporting period presented or retrospectively with the cumulative adjustment at the date of the initial application. In July 2015, the FASB delayed the effective date of the new guidance to annual reporting periods beginning after December 15, 2017, including interim periods within that reporting period. Early adoption is now permitted after the original effective date of December 15, 2016. The Company is currently in the process of evaluating the impact of adoption of the new accounting guidance on its consolidated financial statements and has not determined the impact of adoption on its consolidated financial statements. In August 2014, FASB issued guidance that requires management to evaluate whether there are conditions or events that raise substantial doubt about the entity's ability to continue as a going concern, and to provide certain disclosures when it is probable that the entity will be unable to meet its obligations as they become due within one year after the date that the financial statements are issued. The new guidance is effective for the annual period ending after December 15, 2016, and interim periods thereafter, with early adoption permitted. Since this guidance primarily addresses certain disclosures to the financial statements, we anticipate no impact on our financial position, results of operations or cash flows from adopting this standard. The Company is currently in the process of evaluating the additional disclosure requirements of the new guidance and has not determined the impact of adoption on its financial statement disclosures. In April 2015, the FASB issued guidance to simplify the presentation of debt issuance costs. This guidance provides that debt issuance costs related to a recognized liability be presented in the balance sheet as a direct reduction from the carrying amount of that debt liability, consistent with debt discounts. This guidance is effective for fiscal years and interim periods beginning after December 15, 2015 and is required to be applied on a retrospective basis. Early adoption is permitted for financial statements that have not been previously issued. As of June 30, 2015, we had $ 18,837 $ 2.7 . The adoption of this standard is not expected to have a material impact on our financial position and will not impact our results of operations or cash flows.

Real Estate Property Acquisit16

Real Estate Property Acquisitions (Tables)	6 Months Ended
	Jun. 30, 2015
Real Estate Property Acquisitions [Abstract]
Summary of Real Estate Property	Estimated June 30, Life 201 5 Buildings 30 $ 2,995,167 Improvements 9 10 146,026 Land Not depreciated 747,389 Total real estate property 3,888,582 Less: Accumulated depreciation (82,846 ) Real estate property, net $ 3,805,736

Operating Leases (Tables)

Operating Leases (Tables)	6 Months Ended
	Jun. 30, 2015
Operating Leases [Abstract]
Summary of Revenues From Rental Properties	Three months ended June 30, Six months ended June 30, 2015 2014 2015 2014 Revenues: Rental payments $ 129,270 $ 4,428 $ 240,524 $ 4,428 Reimbursed operating expenses 14,177 — 25,930 — Deferred rent revenue 12,436 — 22,233 — Total revenues from rental properties $ 155,883 $ 4,428 $ 288,687 $ 4,428
Schedule of Future Minimum Rental Payments	2015 $ 282,952 2016 575,968 2017 590,069 2018 604,530 2019 619,359 Thereafter 2,124,431 Total minimal rental payments $ 4,797,309

Stock Based Compensation (Table

Stock Based Compensation (Tables)	6 Months Ended
	Jun. 30, 2015
Stock Based Compensation [Abstract]
Summary of warrants issued, exercised and expired	Weighted Avg. Exercise Warrants: Shares Price Balance at January 1, 2015 166,665 $ 5.88 Issued — — Exercised — — Expired — — Balance at June 30, 2015 166,665 $ 5.88

Summary of Significant Accoun19

Summary of Significant Accounting Policies (Details)	Jun. 30, 2015USD ($)
New Accounting Pronouncements
Debt issuance costs	$ 18,837
Note payable	$ 2,700,000

Going Concern (Details)

Going Concern (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Going Concern [Abstract]
Net loss	$ 42,418	$ 315,824	$ 106,447	$ 329,888
Accumulated deficit	$ 1,444,157		$ 1,444,157		$ 1,337,710

Real Estate Property Acquisit21

Real Estate Property Acquisitions (Narrative) (Details)	1 Months Ended			6 Months Ended
	May. 31, 2015USD ($)ft²	Sep. 30, 2014USD ($)ft²	Jun. 30, 2014USD ($)aft²	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)aft²
PROPERTY ACQUISITION [Line Items]
Proceeds from notes payable - related party				$ 925,000	$ 1,800,000
Owner-occupied industrial building situated on land in Denver, Colorado [Member]
PROPERTY ACQUISITION [Line Items]
Area of building acquired | ft²			22,144		22,144
Area of land on which building is situated | a			1.4		1.4
Purchase consideration			$ 2,214,000
Proceeds from the issuance of a secured promissory note used to fund acquisition			1,800,000
Cash on-hand used to fund acquisition			414,000
Lease agreement term		7 years
Monthly rent obligation		$ 25,835
Annual increases percentage		2.00%
Owner-occupied industrial building situated on land in Denver, Colorado [Member] | CMG [Member]
PROPERTY ACQUISITION [Line Items]
Amount invested to finance the purchase of the promissory note			$ 100,000
Administration fees for servicing the promissory note
Interest rate of promissory note			10.00%		10.00%
Promissory note, maturity date			Jun. 1, 2016
Promissory note, date callable			Jun. 19, 2015
Interest expense				90,000	$ 5,918
Owner-occupied building situated on land in Aurora, Colorado [Member]
PROPERTY ACQUISITION [Line Items]
Area of building acquired | ft²		1,250
Area of land on which building is situated | ft²		23,625
Purchase consideration		$ 756,000
Obligation to improvements to the property				150,000
Payment for tenant's building improvements				146,026
Real Estate Oroperty Located at South Sheridan Boulevard in Denver Colorado [Member]
PROPERTY ACQUISITION [Line Items]
Area of building acquired | ft²	17,729
Area of land on which building is situated | ft²	3,828
Purchase consideration	$ 771,750
Proceeds from the issuance of a secured promissory note used to fund acquisition	$ 771,750
Lease agreement term	10 years
Real Estate Oroperty Located at South Sheridan Boulevard in Denver Colorado [Member] | CMG [Member]
PROPERTY ACQUISITION [Line Items]
Proceeds from notes payable - related party	$ 925,000
Administration fees for servicing the promissory note
Interest rate of promissory note	10.00%
Promissory note, maturity date	Jun. 1, 2017
Interest expense				$ 14,804

Real Estate Property Acquisit22

Real Estate Property Acquisitions (Schedule of Real Estate Property) (Details) - Jun. 30, 2015 - USD ($)	Total
Property, Plant and Equipment [Line Items]
Total real estate property	$ 3,888,582
Less: Accumulated depreciation	(82,846)
Real estate property, net	$ 3,805,736
Buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated Life	30 years
Total real estate property	$ 2,995,167
Improvements [Member]
Property, Plant and Equipment [Line Items]
Total real estate property	$ 146,026
Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated Life	9 years
Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated Life	10 years
Land [Member]
Property, Plant and Equipment [Line Items]
Total real estate property	$ 747,389

Operating Leases (Narrative) (D

Operating Leases (Narrative) (Details) - USD ($)	1 Months Ended
	May. 31, 2015	Sep. 30, 2014
503 Havana Street in Aurora, Colorado [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease agreement term		10 years
Monthly rent obligation		$ 11,250
Annual increases percentage		3.00%
Option to renew term		10 years
Obligation to improvements to the property		$ 150,000
5353 Joliet Street in Denver, Colorado [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease agreement term		7 years
Monthly rent obligation		$ 25,835
Annual increases percentage		2.00%
Option to renew term		5 years
1126 South Sheridan Boulevard in Denver, Colorado [Member]
Property Subject to or Available for Operating Lease [Line Items]
Lease agreement term	10 years
Monthly rent obligation	$ 10,945
Annual increases percentage	3.00%
Option to renew term	10 years

Operating Leases (Schedule of R

Operating Leases (Schedule of Revenues From Rental Properties) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Revenues:
Rental payments	$ 129,270	$ 4,428	$ 240,524	$ 4,428
Reimbursed operating expenses	14,177		25,930
Deferred rent revenue	12,436		22,233
Total revenues from rental properties	$ 155,883	$ 4,428	$ 288,687	$ 4,428

Operating Leases (Schedule of F

Operating Leases (Schedule of Future Minimum Rental Revenues) (Details)	Jun. 30, 2015USD ($)
Operating Leases [Abstract]
2,015	$ 282,952
2,016	575,968
2,017	590,069
2,018	604,530
2,019	619,359
Thereafter	2,124,431
Total minimal rental payments	$ 4,797,309

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	1 Months Ended	6 Months Ended
	Feb. 28, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Related Party Transaction [Line Items]
Accounts payable paid by principal stockholders			$ 7,665
Net borrowings from related parties			200
Promissory note held by related party		$ 2,725,000		$ 1,800,000
Cash paid for interest to related party		97,096	5,918
Principal Stockholders [Member]
Related Party Transaction [Line Items]
Accounts payable paid by principal stockholders	$ 7,665
Proceeds from loans from stockholders			5,277
Borrowings from principal shareholders repaid			5,077
Net borrowings from related parties			$ 200
CMG [Member]
Related Party Transaction [Line Items]
Promissory note held by related party		2,725,000
Cash paid for interest to related party		$ 97,096

Stockholder Loans Payable (Deta

Stockholder Loans Payable (Details) - USD ($)	1 Months Ended	6 Months Ended
	Aug. 31, 2014	Jun. 30, 2014	Jun. 30, 2015
Debt Instrument [Line Items]
Stockholder loans and accrued interest converted to common stock	$ 99,450
Stockholder loans, shares converted	19,890
Stockholder loans, conversion price	$ 5
Accrued interest expense related to outstanding stockholder loans		$ 2,410
Promissory Note One [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate			5.00%
Promissory Note One [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 25,000
Promissory Note Two [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate			8.00%
Promissory Note Two [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 20,000
Promissory Note Three [Member]
Debt Instrument [Line Items]
Debt instrument, interest rate			8.00%
Promissory Note Three [Member] | Maximum [Member]
Debt Instrument [Line Items]
Debt instrument, face amount			$ 10,000

Sale of Unregistered Securiti28

Sale of Unregistered Securities (Details) - USD ($)	6 Months Ended		12 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Proceeds from the sale of common stock		$ 1,615,000
Common Stock [Member]
Issuance of common stock (in shares)			1,615,000
Issuance of common stock			$ 1,615,000

Stock Based Compensation (Detai

Stock Based Compensation (Details) (Narrative) - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
STOCK-BASED COMPENSATION [Line Items]
Stock-based compensation expense	$ 81,250	$ 269,117
Common Stock [Member]
STOCK-BASED COMPENSATION [Line Items]
Shares of common stock for consulting services	98,866
Stock-based compensation expense	$ 81,250

Stock Based Compensation (Sched

Stock Based Compensation (Schedule of Warrants Issued, Exercised and Expired) (Details) - 6 months ended Jun. 30, 2015 - Warrants [Member] - $ / shares	Total
Shares
Balance at the beginning of the period	166,665
Issued
Exercised
Expired
Balance at the end of the period	166,665
Weighted Avg. Exercise Price
Balance at the beginning of the period	$ 5.88
Issued
Exercised
Expired
Balance at the end of the period	$ 5.88