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Consolidated Statements of Operations (Unaudited) - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
REVENUE    
Lease income from direct financing lease – railroad $ 228,750 $ 228,750
Rental income 260,639 694,692
Other income 45,223 81,290
TOTAL REVENUE 534,612 1,004,732
EXPENSES    
Amortization of intangible assets 56,872 56,872
General and administrative 453,653 427,284
Property expenses 384,895 525,712
Property taxes 57,668 72,232
Depreciation expense 488,197 604,708
Impairment expense 549,557
Interest expense 1,015,162 537,422
TOTAL EXPENSES 3,006,004 2,224,230
OTHER INCOME (EXPENSE)    
Gain on sale of properties 394,394 1,040,452
Loan modification expense (160,000)
TOTAL OTHER INCOME 394,394 880,452
NET LOSS (2,076,998) (339,046)
Preferred Stock Dividends (163,207) (163,207)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,240,205) $ (502,253)
Loss Per Common Share:    
Basic $ (0.66) $ (0.15)
Diluted $ (0.66) $ (0.15)
Weighted Average Number of Shares Outstanding:    
Basic 3,389,661 3,389,661
Diluted 3,389,661 3,389,661
Cash dividend per Series A Preferred Share
Accumulated dividend accrued per Series A Preferred Shares: $ 0.48 $ 0.48