Quarterly Operating Results - Unaudited (Tables)

12 Months Ended

Dec. 31, 2024

Quarterly Financial Information Disclosure [Abstract]

Quarterly Operating Results

	Quarters Ended 2024
	March 31			June 30		September 30			December 31
Total revenue	$	46,548,432		$	50,694,367	$	40,699,981		$	43,951,507
Total operating expenses		40,874,320			41,394,584		38,945,047			40,032,474
Net operating income		5,674,112			9,299,783		1,754,934			3,919,033
Net income (loss)		1,322,821			4,664,232		(3,689,621	)		(1,117,578	)
Net income (loss) attributable to common shareholders		(659,373	)		2,621,768		(5,603,761	)		(3,033,515	)
Income (loss) per share attributable to common    shareholders– basic and diluted	$	(0.03	)	$	0.13	$	(0.29	)	$	(0.15	)
Net income (loss) available to operating partnership unitholders		(671,491	)		2,669,919		(5,683,934	)		(3,111,890	)
Income (loss) per unit attributable to operating partnership unitholders– basic and diluted	$	(0.03	)	$	0.13	$	(0.28	)	$	(0.16	)

	Quarters Ended 2023
	March 31			June 30		September 30			December 31
Total revenue	$	43,491,277		$	49,017,332	$	39,181,363		$	42,148,085
Total operating expenses		37,971,155			40,727,531		38,013,510			38,200,430
Net operating income (loss)		5,520,122			8,289,801		1,167,854			3,947,654
Net income (loss)		1,387,514			5,257,670		(2,065,826	)		(769,647	)
Net income (loss) attributable to common shareholders		(581,838	)		3,132,559		(3,903,581	)		(2,682,969	)
Income (loss) per share attributable to common shareholders– basic and diluted	$	(0.03	)	$	0.16	$	(0.20	)	$	(0.15	)
Net income (loss) available to operating partnership unitholders		(606,798	)		3,263,357		(4,060,139	)		(2,763,959	)
Income (loss) per unit attributable to operating partnership unitholders– basic and diluted	$	(0.03	)	$	0.16	$	(0.20	)	$	(0.14	)