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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Operating activities    
Net Income $ 252,087 $ 197,245
Adjustments to reconcile net income to net cash provided by operating activities:    
Amortization of intangible assets 59,285 59,285
Amortization of debt costs 8,527 6,297
Stock-based compensation 75,159 63,954
Depreciation 26,650
Changes in operating assets and liabilities    
Deferred rent receivable (193,596) (106,358)
Prepaid expenses (23,012) (53,079)
Accounts payable 3,094 40,225
Security deposit 277,494
Accrued interest (2,260) (2,927)
Deferred revenue 117,409 117,195
Net cash provided by operating activities 600,837 321,837
Investing activities    
Cash paid for land and greenhouse cultivation facilities (1,161,146)
Cash paid for construction in progress (1,541,850)
Net cash used in investing activities (2,702,996)
Financing Activities    
Principal payment on long-term debt (58,476) (13,661)
Cash dividends paid on preferred stock (70,058) (70,058)
Net cash used in financing activities (128,534) (83,719)
Net increase (decrease) in cash and cash equivalents (2,230,693) 238,118
Cash and cash equivalents, beginning of period 15,842,504 1,771,011
Cash and cash equivalents, end of period 13,611,811 2,009,129
Supplemental disclosure of cash flow information:    
Interest paid $ 284,693 $ 115,232