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Quarterly Operating Results - Unaudited (Tables)
12 Months Ended
Dec. 31, 2021
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Operating Results

 

 

 

Quarters Ended 2021

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Total revenue

 

$

22,635,532

 

 

$

34,383,309

 

 

$

35,493,126

 

 

$

35,075,957

 

Total operating expenses

 

 

24,717,808

 

 

 

31,240,158

 

 

 

32,706,524

 

 

 

46,978,440

 

Net operating loss

 

 

(2,082,276

)

 

 

3,143,151

 

 

 

2,786,602

 

 

 

(11,902,483

)

Net loss

 

 

(7,575,624

)

 

 

(1,553,970

)

 

 

(2,528,221

)

 

 

(16,881,825

)

Net loss attributable to common shareholders

 

 

(9,064,995

)

 

 

(2,810,603

)

 

 

(4,317,081

)

 

 

(17,209,210

)

Loss per share attributable to common

   shareholders– basic and diluted

 

$

(0.62

)

 

$

(0.19

)

 

$

(0.27

)

 

$

(1.05

)

Net loss available to operating partnership unitholders

 

 

(9,764,534

)

 

 

(2,990,241

)

 

 

(4,607,249

)

 

 

(18,358,031

)

Loss per unit attributable to operating partnership unitholders– basic and diluted

 

$

(0.60

)

 

$

(0.18

)

 

$

(0.26

)

 

$

(1.02

)

 

 

 

Quarters Ended 2020

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Total revenue

 

$

37,208,465

 

 

$

5,293,907

 

 

$

14,414,478

 

 

$

14,585,726

 

Total operating expenses

 

 

39,011,968

 

 

 

16,723,112

 

 

 

21,824,217

 

 

 

23,692,949

 

Net operating income

 

 

(1,803,503

)

 

 

(11,429,205

)

 

 

(7,409,739

)

 

 

(9,107,223

)

Net income(loss)

 

 

(13,332,205

)

 

 

(16,301,070

)

 

 

(11,039,271

)

 

 

(13,010,359

)

Net loss attributable to common shareholders

 

 

(14,323,699

)

 

 

(17,124,612

)

 

 

(12,259,908

)

 

 

(14,240,987

)

Loss per share attributable to common shareholders– basic and diluted

 

$

(1.01

)

 

$

(1.20

)

 

$

(0.86

)

 

$

(0.98

)

Net loss available to operating partnership unitholders

 

 

(15,521,115

)

 

 

(18,489,980

)

 

 

(13,228,181

)

 

 

(15,199,271

)

Loss per unit attributable to operating partnership unitholders– basic and diluted

 

$

(0.97

)

 

$

(1.15

)

 

$

(0.82

)

 

$

(0.95

)