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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 1,149,411 $ (903,866)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 3,973,582 4,104,018
Stock compensation 861,837 867,903
Bad debt expense 11,116 52
Gain on sale of real estate assets, net (4,057,527) (2,060,336)
Gain on extinguishment of government debt 0 (10,000)
Net change in fair value marketable securities 70,183 37,673
Net change in fair value SPAC Trust Account (811,687) 0
Impairment of real estate assets 0 300,000
Amortization of financing costs 180,250 431,806
Amortization of above-market leases 0 42,064
Amortization of below-market leases (41,167) (46,481)
Straight-line rent adjustment (148,181) (215,655)
Changes in operating assets and liabilities:    
Other assets 585,984 633,354
Accounts payable and accrued liabilities 561,780 (1,014,848)
Accrued real estate taxes (447,279) (1,040,680)
Net cash provided operating activities 1,888,302 1,125,004
Cash flows from investing activities:    
Real estate acquisitions (8,087,250) (7,758,066)
Additions to buildings and tenant improvements (1,939,712) (1,122,051)
Investment in marketable securities (1,243,672) (2,682,192)
Proceeds from sale of marketable securities 1,787,695 1,032,297
Investment of SPAC IPO proceeds into Trust Account (134,895,000) 0
Additions to deferred leasing costs (53,377) (97,932)
Proceeds from sales of real estate, net 20,603,179 47,906,909
Net cash (used in) provided by investing activities (123,828,137) 37,278,965
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 14,992,425 8,003,807
Repayment of mortgage notes payable (9,586,079) (41,862,782)
Repayment of note payable 0 (7,675,598)
Payment of deferred offering costs (3,201,266) (572,458)
Distributions to noncontrolling interests, net (3,812,698) (5,624,969)
Proceeds from initial public offering of SPAC 132,859,920 0
SPAC offering non-controlling interest adjustment (609,920) 0
Issuance of Series A Common Stock, net of offering costs 0 8,871,879
Issuance of Series D Preferred Stock, net of offering costs 0 20,489,803
Dividends paid to Series D Preferred Stockholders (1,616,398) (455,207)
Dividends paid to Series A Common Stockholders (2,857,081) (3,234,669)
Net cash provided by (used in) financing activities 125,806,821 (22,128,590)
Net increase in cash equivalents and restricted cash 3,866,986 16,275,379
Cash, cash equivalents and restricted cash - beginning of period 14,702,089 11,540,917
Cash, cash equivalents and restricted cash - end of period 18,569,075 27,816,296
Non-cash financing activities:    
Dividends payable - Preferred Stock Series D 178,916 179,685
Mortgage Notes [Member]    
Supplemental disclosure of cash flow information:    
Interest paid 3,038,713 3,407,689
Notes Payable [Member]    
Supplemental disclosure of cash flow information:    
Interest paid 0 103,861
Common Class A [Member]    
Cash flows from financing activities:    
Repurchase of Series A Common Stock, at cost (277,696) (68,396)
Series D Preferred Stock [Member]    
Cash flows from financing activities:    
Repurchase of Series D Preferred Stock, at cost $ (84,386) $ 0