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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2023
Dec. 31, 2022
ASSETS    
Land $ 20,803,978 $ 19,189,386
Buildings and improvements 135,185,098 125,979,374
Tenant improvements 14,426,125 13,861,839
Lease intangibles 4,110,139 4,110,139
Real estate assets and lease intangibles held for investment, cost 174,525,340 163,140,738
Accumulated depreciation and amortization (36,841,025) (34,644,511)
Real estate assets and lease intangibles held for investment, net 137,684,315 128,496,227
Real estate assets held for sale, net 1,196,336 2,016,003
Real estate assets, net 138,880,651 130,512,230
Other assets:    
Cash, cash equivalents and restricted cash 8,700,791 16,516,725
Deferred leasing costs, net 1,546,034 1,516,835
Goodwill 2,423,000 2,423,000
Other assets, net (see Note 6) 4,161,325 3,511,681
Total other assets 16,831,150 23,968,241
Investments held in Trust (see Notes 2 & 9) 23,339,887 136,871,183
TOTAL ASSETS 179,051,688 291,351,654
Liabilities:    
Mortgage notes payable, net 102,856,817 95,899,176
Mortgage notes payable related to properties held for sale, net 482,142 999,523
Mortgage notes payable, total net 103,338,959 96,898,699
Accounts payable and accrued liabilities 4,373,983 4,028,564
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9) 6,655,685 5,046,725
Accrued real estate taxes 977,658 1,879,875
Dividends payable preferred stock 177,145 178,511
Lease liability, net 31,799 46,833
Below-market leases, net 15,753 18,240
Total liabilities 115,570,982 108,097,447
Commitments and contingencies (Note 2 & 9):
Equity:    
Additional paid-in capital 180,365,055 182,044,157
Dividends and accumulated losses (142,294,778) (138,341,750)
Total stockholders' equity before noncontrolling interest 38,197,788 43,829,626
Noncontrolling interest 8,534,069 9,013,446
Total equity 46,731,857 52,843,072
TOTAL LIABILITIES AND EQUITY 179,051,688 291,351,654
Common Class A [Member]    
Equity:    
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,849,710 shares and 11,807,893 shares were issued and outstanding at June 30, 2023 and December 31, 2022, respectively 118,497 118,079
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]    
Liabilities:    
SPAC Class A common stock subject to possible redemption; 2,187,728 as of June 30, 2023 and 13,225,000 shares as of December 31, 2022 (at $10.45 per share), net of issuance cost of approximately $6,400,000 16,748,849 130,411,135
Series D Preferred Stock [Member]    
Equity:    
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 901,375 shares issued and outstanding (liquidation preference $25.00 per share) as of June 30, 2023 and 913,987 shares issued and outstanding as of December 31, 2022 $ 9,014 $ 9,140