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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:    
Net income (loss) $ 1,485,528 $ (1,463,442)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 5,465,015 5,397,498
Stock compensation 1,204,106 1,614,228
Bad debt expense 73,055 164,623
Gain on sale of real estate assets, net (5,079,912) (2,487,528)
Gain on extinguishment of government debt 0 (10,000)
Net change in fair value marketable securities (42,664) (39,429)
Net change in fair value SPAC Trust Account (1,976,183) 0
Impairment of real estate assets 0 608,000
Amortization of financing costs 240,090 479,853
Amortization of above-market leases 0 42,064
Amortization of below-market leases (54,890) (60,203)
Straight-line rent adjustment (252,759) (231,577)
Changes in operating assets and liabilities:    
Other assets 1,050,221 190,354
Accounts payable and accrued liabilities (1,121,752) (1,221,725)
Accrued real estate taxes (61,038) (607,773)
Net cash provided operating activities 928,817 2,374,943
Cash flows from investing activities:    
Real estate acquisitions (15,673,575) (22,224,826)
Additions to buildings and tenant improvements (2,107,505) (1,597,186)
Investment in marketable securities (1,762,095) (3,819,882)
Proceeds from sale of marketable securities 2,363,063 2,380,476
Investment of SPAC IPO proceeds into Trust Account (134,895,000) 0
Additions to deferred leasing costs (70,889) (117,062)
Proceeds from sales of real estate, net 25,768,334 49,583,445
Net cash (used in) provided by investing activities (126,377,667) 24,204,965
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 20,288,093 11,703,440
Repayment of mortgage notes payable (11,958,568) (43,069,312)
Repayment of note payable 0 (7,675,598)
Payment of deferred offering costs (3,201,266) (572,458)
Distributions to noncontrolling interests, net (4,412,046) (7,588,197)
Proceeds from initial public offering of SPAC 134,024,416 0
SPAC offering non-controlling interest adjustment (1,774,416) 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 (2,152,741) (994,263)
Dividends paid to Series A Common Stockholders (3,114,456) (4,473,399)
Net cash provided by (used in) financing activities 127,263,486 (23,418,736)
Net increase in cash, cash equivalents and restricted cash 1,814,636 3,161,172
Cash, cash equivalents and restricted cash - beginning of period 14,702,089 11,540,917
Cash, cash equivalents and restricted cash - end of period 16,516,725 14,702,089
Non-cash financing activities:    
Unpaid deferred financing costs 0 15,449
Dividends payable - Preferred Stock Series D 178,511 179,685
Mortgage Notes [Member]    
Supplemental disclosure of cash flow information:    
Interest paid 4,110,288 4,320,174
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 (313,389) (110,631)
Series D Preferred Stock [Member]    
Cash flows from financing activities:    
Repurchase of Series D Preferred Stock, at cost $ (122,141) $ 0