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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:    
Net (loss) income $ (813,211) $ 798,236
Adjustments to reconcile net (loss) income to net cash used in operating activities:    
Depreciation and amortization 2,702,403 2,655,418
Stock compensation 540,501 568,701
Bad debt expense 32,729 13,416
Gain on sale of real estate assets, net (1,537,289) (2,750,269)
Net change in fair value marketable securities (190,327) 358,658
Net change in fair value SPAC Trust Account (939,522) (201,767)
Amortization of financing costs 187,303 125,850
Amortization of below-market leases (2,487) (27,445)
Straight-line rent adjustment (240,007) (46,305)
Changes in operating assets and liabilities:    
Other assets (399,159) 317,942
Accounts payable and accrued liabilities 239,297 (1,423,341)
Accounts payable and accrued liabilities for the SPAC (281,723) 138,645
Accrued real estate taxes (902,217) (987,636)
Net cash used in operating activities (1,603,709) (459,897)
Cash flows from investing activities:    
Real estate acquisitions (12,932,128) (4,646,330)
Additions to buildings and tenant improvements (1,001,836) (832,990)
Investment in marketable securities (1,826,458) (661,247)
Proceeds from sale of marketable securities 1,951,095 1,111,608
Investment of SPAC IPO proceeds into Trust Account (389,942) (134,895,000)
Withdrawals from Trust Account for SPAC taxes 792,480 0
Withdrawals from Trust Account for Redemption of SPAC Shares 114,068,280 0
Deletions / (additions) to deferred leasing costs 3,872 (35,864)
Proceeds from sales of real estate, net 4,590,187 18,839,913
Net cash provided by (used in) investing activities 105,255,550 (121,119,910)
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 12,848,849 12,590,235
Repayment of mortgage notes payable (6,417,278) (7,361,659)
Payment of deferred offering costs 0 (3,201,266)
Distributions to noncontrolling interests, net (1,961,310) (2,614,352)
Proceeds from initial public offering of SPAC 0 132,250,000
Redemption of SPAC shares (114,068,280) 0
Repurchase of Series A Common Stock, at cost 0 (30,729)
Dividends paid to Series D Preferred Stockholders (1,067,733) (1,078,112)
Dividends paid to Series A Common Stockholders (590,151) (2,609,454)
Net cash (used in) provided by financing activities (111,467,775) 127,944,663
Net (decrease) increase in cash equivalents and restricted cash (7,815,934) 6,364,856
Cash, cash equivalents and restricted cash - beginning of period 16,516,725 14,702,089
Cash, cash equivalents and restricted cash - end of period 8,700,791 21,066,945
Non-cash financing activities:    
Deferred offering cost SPAC, underwriting commission payable 0 4,628,750
Accrued excise tax on January 24, 2023 SPAC redemptions 1,140,683 0
Dividends payable - Preferred Stock Series D 177,145 179,685
Mortgage Notes [Member]    
Supplemental disclosure of cash flow information:    
Interest paid 2,351,642 1,971,942
Series D Preferred Stock [Member]    
Cash flows from financing activities:    
Repurchase of Series D Preferred Stock, at cost $ (211,872) $ 0