|9 Months Ended|
Sep. 30, 2016
|Schedule of Investments [Abstract]|
|Investment Holdings [Text Block]||
NOTE 4. INVESTMENTS
Investment in Rich Uncles REIT I
On June 28, 2016, the Company invested $2,000,000 for 200,000 shares in Rich Uncles Real Estate Investment Trust I (“Rich Uncles REIT I”), an affiliate of the Sponsor. As of September 30, 2016, the Company’s investment which represents approximately 2.4% ownership interest in Rich Uncles REIT I. The Company has the ability to exercise significant influence over the operations, financial policies and decision making of Rich Uncles REIT I, as the Sponsor and the board members are the same for both Rich Uncles REIT I and the Company. In addition, as there is no public market to sell shares for Rich Uncles REIT I, this investment is considered to not have a readily determinable fair value. Accordingly, the Company has accounted for its investment in Rich Uncles REIT I under the equity method of accounting. As of September 30, 2016, the Company did not identify any indicators of impairment related to its investment in Rich Uncles REIT I.
As of September 30, 2016, the book value of the Company’s investment in Rich Uncles REIT I was $1,995,700. During the three and nine months ended September 30, 2016, the Company recognized $4,300 of loss with respect to this investment.
The entire disclosure for investment holdings. This includes the long positions of investments for the entity. It contains investments in affiliated and unaffiliated issuers. The investments include securities and non securities (i.e. commodities and futures contracts).
Reference 1: http://www.xbrl.org/2003/role/presentationRef