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Consolidated Balance Sheets - USD ($)
Dec. 31, 2022
Dec. 31, 2021
ASSETS    
Land $ 19,189,386 $ 21,136,379
Buildings and improvements 125,979,374 119,224,375
Tenant improvements 13,861,839 12,752,518
Lease intangibles 4,110,139 4,110,139
Real estate assets and lease intangibles held for investment, cost 163,140,738 157,223,411
Accumulated depreciation and amortization (34,644,511) (30,589,969)
Real estate assets and lease intangibles held for investment, net 128,496,227 126,633,442
Real estate assets held for sale, net 2,016,003 11,431,494
Real estate assets, net 130,512,230 138,064,936
Other assets    
Cash, cash equivalents and restricted cash 16,516,725 14,702,089
Deferred leasing costs, net 1,516,835 1,348,234
Goodwill 2,423,000 2,423,000
Other assets, net (see Note 6) 3,511,681 4,658,504
Total other assets 23,968,241 23,131,827
Investments held in Trust (see Notes 2 & 9) 136,871,183 0
TOTAL ASSETS 291,351,654 161,196,763
Liabilities:    
Mortgage notes payable, net 95,899,176 87,324,319
Mortgage notes payable related to properties held for sale, net 999,523 1,535,513
Mortgage notes payable, total net 96,898,699 88,859,832
Accounts payable and accrued liabilities 4,028,564 4,569,537
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9) 5,046,725 15,499
Accrued real estate taxes 1,879,875 1,940,913
Dividends payable preferred stock 178,511 179,685
Lease liability, net 46,833 75,547
Below-market leases, net 18,240 73,130
Total liabilities 108,097,447 95,714,143
Commitments and contingencies (Note 2 & 9)
Equity:    
Additional paid-in capital 182,044,157 186,492,012
Dividends and accumulated losses (138,341,750) (130,947,434)
Total stockholders' equity before noncontrolling interest 43,829,626 55,669,775
Noncontrolling interest 9,013,446 9,812,845
Total equity 52,843,072 65,482,620
TOTAL LIABILITIES AND EQUITY 291,351,654 161,196,763
Common Class A [Member]    
Equity:    
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,655,583 shares and 11,599,720 shares were issued and outstanding at December 31, 2022 and December 31, 2021, respectively 118,079 115,997
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]    
Liabilities:    
SPAC Class A common stock subject to possible redemption; 13,225,000 shares (at $10.34 per share), net of issuance cost of approximately $6,400,000 130,411,135 0
Series D Preferred Stock [Member]    
Equity:    
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 916,061 shares issued and outstanding (liquidation preference $25.00 per share) as of December 31, 2022 and December 31, 2021, respectively $ 9,140 $ 9,200