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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ 64,190 $ (267,489)
Depreciation expense 179,517 199,630
Amortization of debt discount 9,230 9,229
Stock option expense 29,511 80,447
Loss on forfeited escrow deposit 22,875 15,000
Lease costs (357) 83
Loss from unconsolidated joint ventures 8,370
Income from interest rate swap (146,646) (9,692)
Change in operating assets and liabilities:    
Accounts receivable 57,783 1,872
Deferred rent receivable (145,518) (124,013)
Lease incentive provided to tenant 13,761 13,761
Prepaid expenses and other assets 87 32,248
Accounts payable (31,733) (9,626)
Accrued expenses 157,157 (10,530)
Contract liabilities 19,201 148,394
Security deposits payable 17,730 56,100
NET CASH PROVIDED BY OPERATING ACTIVITIES 246,788 143,784
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchases of rental properties and improvements (1,587,476) (998,821)
Purchases of property and equipment (6,480)
Increase in capitalized permit costs (58,720) (11,081)
Increase in escrow deposits (120,943) (155,548)
NET CASH USED IN INVESTING ACTIVITIES (1,773,619) (1,165,450)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of notes payable (44,411) (38,399)
NET CASH USED IN FINANCING ACTIVITIES (44,411) (38,399)
NET DECREASE IN CASH (1,571,242) (1,060,065)
CASH, beginning of period 3,099,795 4,335,840
CASH, end of period 1,528,553 3,275,775
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 338,652 326,060
NON-CASH INVESTING AND FINANCING ACTIVITIES    
Acquisition of rental properties financed through note payable 430,000
Reclassification of escrow deposits for acquisition of rental properties $ 590,000