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UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS DETAILS | 6 Months Ended
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Jun. 30, 2023
Payables and Accruals [Abstract] |
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS DETAILS | UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS DETAILS Tenant Receivables, Net As of June 30, 2023 and December 31, 2022, tenant receivables consisted of the following:
|  | June 30, 2023 |  | December 31, 2022
Straight-line rent |  | $ | 9,011,971 |  |  | $ | 6,607,220 |
Tenant rent and billed reimbursements |  | 106,352 |  |  | 196,477 |
Accrued tenant reimbursements |  | 350,253 |  |  | 459,505 |
Total |  | $ | 9,468,576 |  |  | $ | 7,263,202 |
Prepaid Expenses and Other Assets As of June 30, 2023 and December 31, 2022, prepaid expenses and other assets were comprised of the following:
|  | June 30, 2023 |  | December 31, 2022
Deferred tenant allowance |  | $ | 543,753 |  |  | $ | 2,564,806 |
Prepaid expenses and other assets (1) |  | 3,954,759 |  |  | 2,420,777 |
Deferred financing costs on credit facility revolver |  | 932,008 |  |  | 1,115,354 |
Total |  | $ | 5,430,520 |  |  | $ | 6,100,937 |
(1) The balance as of June 30, 2023 includes deposits of $1,800,000 for improvements to be made to the Lindsay property in Franklinton, North Carolina and $328,348 for completion of ongoing improvements to the Lindsay property in Dacono, Colorado. The balance as of December 31, 2022 includes a deposit of $440,548 for completion of ongoing improvements to the Lindsay property in Dacono, Colorado. Accounts Payable, Accrued and Other Liabilities As of June 30, 2023 and December 31, 2022, accounts payable, accrued and other liabilities were comprised of the following:
|  | June 30, 2023 |  | December 31, 2022
Accounts payable |  | $ | 470,258 |  |  | $ | 1,001,411 |
Accrued expenses |  | 1,924,881 |  |  | 2,163,821 |
Accrued distributions and dividends |  | 1,797,407 |  |  | 1,768,068 |
Accrued interest payable |  | 344,764 |  |  | 285,392 |
Unearned rent |  | 1,927,961 |  |  | 1,870,057 |
Lease incentive obligation |  | 550,242 |  |  | 561,057 |
Total |  | $ | 7,015,513 |  |  | $ | 7,649,806 |

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- Definition The entire disclosure for supplemental balance sheet disclosures, including descriptions and amounts for assets, liabilities, and equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 210 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//210/tableOfContent + Details
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