XML 22 R12.htm IDEA: XBRL DOCUMENT v3.23.2
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS DETAILS
 6 Months Ended
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 reimbursements106,352 196,477 
Accrued tenant reimbursements350,253 459,505 
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 revolver932,008 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 expenses1,924,881 2,163,821 
Accrued distributions and dividends1,797,407 1,768,068 
Accrued interest payable344,764 285,392 
Unearned rent1,927,961 1,870,057 
Lease incentive obligation550,242 561,057 
Total$7,015,513 $7,649,806