XML 16 R2.htm IDEA: XBRL DOCUMENT v3.22.1
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2021
Dec. 31, 2020
Assets    
Real estate assets, net $ 58,390,066 $ 59,768,533
Cash and cash equivalents 2,899,701 1,614,771
Restricted cash 163,998 340,672
Investments in securities 3,483,182 1,916,451
Accounts receivable 120,641 106,521
Prepaid expenses and other assets 543,528 351,764
Line of credit issuance costs, net 254,004 152,542
Goodwill 694,121 694,121
Total assets 66,549,241 64,945,375
Liabilities and stockholders' equity    
Note payable, net 17,916,513 18,389,176
Accounts payable and accrued expenses 1,514,631 1,373,308
Line of credit borrowing   5,144,000
Total liabilities 19,431,144 24,906,484
Commitments and contingencies
Stockholders' equity    
Preferred stock, $0.01 par value: 50,000,000 shares authorized, no shares outstanding
Common stock, $0.01 par value: 450,000,000 shares authorized; 10,708,613 shares and 9,343,118 shares issued and outstanding at December 31, 2021 and 2020, respectively 107,086 93,431
Additional paid in capital 46,851,360 40,455,409
Retained earnings (accumulated deficit) 159,651 (509,949)
Total stockholders' equity 47,118,097 40,038,891
Total liabilities and stockholders' equity $ 66,549,241 $ 64,945,375