XML 37 R25.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Revision of Previously Issued Financial Statements (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2024
Accounting Changes and Error Corrections [Abstract] |
Schedule of Corrections to Impacted Financial Statements | A summary of the corrections to the impacted financial statement line items in the Company’s previously issued Condensed Consolidated Statements of Operations and Comprehensive Income, Condensed Consolidated Statements of Cash Flows and the Stockholders’ Equity tables for the quarter ended March 31, 2023, which was presented in a previously filed Quarterly Report on Form 10-Q, is as follows:
Condensed Consolidated Statements of Operations and Comprehensive Income
|  | Three Months Ended March 31, 2023
|  | As Previously Reported |  | Adjustments |  | As Revised
Operating expenses |  |  |  |  |  |
Depreciation and amortization |  | $ | 15,474 |  |  | $ | (770) |  |  | $ | 14,704 |
Total operating expenses |  | $ | 25,434 |  |  | $ | (770) |  |  | $ | 24,664 |
Net income |  | $ | 2,397 |  |  | $ | 770 |  |  | $ | 3,167 |
Net income available to the Company |  | $ | 2,404 |  |  | $ | 770 |  |  | $ | 3,174 |
Net loss attributable to common stockholders |  | $ | (729) |  |  | $ | 770 |  |  | $ | 41 |
Loss per weighted average share of common stock - basic & diluted |  |  |  |  |  |
Loss attributable to common shareholders |  | $ | (0.02) |  |  | $ | 0.02 |  |  | $ | — |
Comprehensive income |  |  |  |  |  |
Net income |  | $ | 2,397 |  |  | $ | 770 |  |  | $ | 3,167 |
Total comprehensive loss attributable to the Company |  | $ | (3,491) |  |  | $ | 770 |  |  | $ | (2,721) |
Stockholders’ Equity
|  | Three Months Ended March 31, 2023
|  | As Previously Reported |  | Adjustments |  | As Revised
Distributions in Excess of Accumulated Earnings |  |  |  |  |  |
Balance, beginning of period |  | $ | (530,228) |  |  | $ | 1,124 |  |  | $ | (529,104) |
Net income attributable to the Company |  | 2,404 |  |  | 770 |  |  | 3,174 |
Balance, end of period |  | $ | (542,937) |  |  | $ | 1,895 |  |  | $ | (541,042) |
Total Stockholders' Equity |  |  |  |  |  |
Balance, beginning of period |  | $ | 202,780 |  |  | $ | 1,124 |  |  | $ | 203,904 |
Net income attributable to the Company |  | 2,404 |  |  | 770 |  |  | 3,174 |
Balance, end of period |  | $ | 188,987 |  |  | $ | 1,895 |  |  | $ | 190,882 |
Total Equity |  | $ | 190,628 |  |  | $ | 1,895 |  |  | $ | 192,523 |
Condensed Consolidated Statements of Cash Flows
|  | Three Months Ended March 31, 2023
|  | As Previously Reported |  | Adjustments |  | As Revised
Cash flows from operating activities: |  |  |  |  |  |
Net income |  | $ | 2,397 |  |  | $ | 770 |  |  | $ | 3,167 |
Adjustments to reconcile net income to net cash provided by operating activities: |  |  |  |  |  |
Depreciation and amortization |  | 15,474 |  |  | (770) |  |  | 14,704 |

X
- References No definition available. + Details
Name: | us-gaap_AccountingChangesAndErrorCorrectionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of prior period adjustments to previously issued financial statements including (1) the effect of the correction on each financial statement line item and any per-share amounts affected for each prior period presented (2) the cumulative effect of the change on retained earnings or other appropriate components of equity or net assets in the statement of financial position, as of the beginning of the earliest period presented, and (3) the effect of the prior period adjustments (both gross and net of applicable income tax) on the net income of each prior period presented in the entity's annual report for the year in which the adjustments are made. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 8 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-8 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-7 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 250 -SubTopic 10 -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org//1943274/2147483443/250-10-50-9 + Details
Name: | us-gaap_ScheduleOfErrorCorrectionsAndPriorPeriodAdjustmentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration