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Non-Controlling Interests (Tables) | 12 Months Ended
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Dec. 31, 2023
Noncontrolling Interest [Abstract] |
Summary of Redeemable Non-Controlling Interests | The following table reflects our Redeemable Non-Controlling Interests during the twelve months ended December 31, 2023 and 2022:
| Brown Family Trust and Brown Family Enterprises, LLC |  | Irby Prop Partners |  | Richard Hornstrom |  | LMB Owenton I LLC |  | GIP LP (Former Greenwal, L.C. and Riverside Crossing, L.C. Members) |  | LC2-NNN Pref, LLC |  | Total Redeemable Non-Controlling Interests |  | Non-Controlling Interests - Former GIP Fund 1 Members |
Balance, December 31, 2021 | $ | 500,000 |  | $ | 976,756 |  | $ | 659,972 |  | $ | - |  | $ | 6,998,251 |  |  |  | $ | 9,134,979 |  | $ | 469,712 |
Redemption of Redeemable Non-Controlling Interests |  | - |  |  | - |  |  | - |  |  | - |  |  | (406,652 | ) |  | - |  |  | (406,652 | ) |  | - |
Issuance of Redeemable Operating Partnership Units for property acquisition |  | - |  |  | - |  |  | - |  |  | 1,109,570 |  |  | - |  |  | - |  |  | 1,109,570 |  |  | - |
Issuance of Other payable - related party for Redemption of Non-Controlling Interests |  | - |  |  | - |  |  | - |  |  | - |  |  | (2,912,300 | ) |  | - |  |  | (2,912,300 | ) |  | - |
Common stock issued to redeem non-controlling interests |  | - |  |  | - |  |  | - |  |  | - |  |  | (1,200,000 | ) |  | - |  |  | (1,200,000 | ) |  | - |
Distribution on Non-Controlling Interests |  | (45,039 | ) |  | (76,269 | ) |  | (52,346 | ) |  | (69,310 | ) |  | (193,383 | ) |  | - |  |  | (436,347 | ) |  | (14,658 | )
Net income (loss) for the period |  | 45,039 |  |  | 114,261 |  |  | 78,488 |  |  | 69,310 |  |  | 193,383 |  |  | - |  |  | 500,481 |  |  | (10,019 | )
Balance, December 31, 2022 | $ | 500,000 |  | $ | 1,014,748 |  | $ | 686,114 |  | $ | 1,109,570 |  | $ | 2,479,299 |  | $ | - |  | $ | 5,789,731 |  | $ | 445,035 |
Issuance of Redeemable Non-Controlling Interests |  | 3,000,000 |  |  | - |  |  | - |  |  | - |  |  | - |  |  | 14,100,000 |  |  | 17,100,000 |  |  | - |
Redemption of Redeemable Non-Controlling Interests |  | (500,000 | ) |  | (950,000 | ) |  | (650,000 | ) |  | - |  |  | (2,479,299 | ) |  | - |  |  | (4,579,299 | ) |  | - |
Distribution on Non-Controlling Interests |  | (167,787 | ) |  | (134,403 | ) |  | (84,286 | ) |  | (72,605 | ) |  | (55,511 | ) |  | (286,742 | ) |  | (801,334 | ) |  | (11,376 | )
Net income (loss) for the period |  | 167,787 |  |  | 69,655 |  |  | 48,172 |  |  | 72,605 |  |  | 55,511 |  |  | 889,595 |  |  | 1,303,325 |  |  | (27,528 | )
Balance, December 31, 2023 | $ | 3,000,000 |  | $ | - |  | $ | - |  | $ | 1,109,570 |  | $ | - |  | $ | 14,702,853 |  | $ | 18,812,423 |  | $ | 406,131 |

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- Definition Tabular disclosure of redeemable noncontrolling interest (as defined) included in the statement of financial position as either a liability or temporary equity. As of the date of the statement of financial position, such redeemable noncontrolling interest is currently redeemable, as defined, for cash or other assets of the entity at (1) at a fixed or determinable price on a fixed or determinable date, (2) at the option of the holder of the noncontrolling interest, or (3) upon occurrence of an event that is not solely within the control of the entity. + References No definition available. + Details
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