XML 17 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net loss $ (2,615,965) $ (1,486,922)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 75
Amortization of debt issuance costs 208,412
Prepaid asset and other current assets (392,860) (83,157)
Intangible assets (22,210)
Due from affiliates (1,876,298)
Accounts payable and accrued expenses 123,541
Due to affiliates
Net cash used in operating activities (4,575,305) (1,570,079)
Cash flows from investing activities:    
Additions to assets held for sale (3,535) (174,800)
Purchase of property and equipment (3,805)  
Purchase of Land (1,190,655)
Project development costs (9,607) (34,974)
Equity-based investments (42,662)
Net cash used in investing activities (59,609) (1,400,429)
Cash flows from financing activities:    
Debt issuance costs (441,825)  
Payments of short-term notes payable (2,500,000)  
Proceeds from short-term notes payable 6,650,000 676,340
Contributions 959,384 2,294,167
Net cash provided by financing activities 4,667,559 2,970,507
Net change in cash 32,645
Cash – beginning of period 720
Cash – end of period 33,365
Supplemental disclosure of non-cash operating activities:    
Transfer of land to assets held for sale 3,576,130
Prepaid interest held back from proceeds from short-term notes payable 675,000
Forgiveness of due from affiliate $ 4,000,000