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Consolidated Balance Sheets (Unaudited) - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Land $ 4,762,546 $ 4,751,010
Greenhouse cultivation and processing facilities, net of accumulated depreciation 1,157,376 1,189,195
Net investment in direct financing lease - railroad 9,150,000 9,150,000
Total real estate assets 15,069,922 15,090,205
Cash and cash equivalents 1,481,349 2,194,502
Restricted cash 37,084
Prepaid expenses and deposits 260,147 207,177
Intangible lease asset, net of accumulated amortization 2,163,189 2,276,933
Deferred rent receivable 489,251 338,106
Mortgage loan receivables 1,632,198 1,602,000
Assets held for sale 6,442,521 24,335,236
Other assets 343,059 21,395
TOTAL ASSETS 27,881,636 46,102,638
LIABILITIES AND EQUITY    
Accounts payable 215,365 173,700
Accrued expenses 135,574 166,320
Other liabilities 7,251
Liabilities held for sale 1,184,580 1,599,477
Current portion of long-term debt, net of unamortized discount 738,105 17,445,220
Long-term debt, net of unamortized discount 19,653,658 19,965,043
TOTAL LIABILITIES 21,934,533 39,349,760
Equity:    
Series A 7.75% Cumulative Redeemable Perpetual Preferred Stock Par Value $25.00 (1,675,000 shares authorized; 336,944 shares issued and outstanding as of June 30, 2025 and December 31, 2024) 8,489,952 8,489,952
Common Shares, $0.001 par value (98,325,000 shares authorized; 3,389,661 shares issued and outstanding as of June 30, 2025 and December 31, 2024) 3,389 3,389
Additional paid-in capital 48,234,624 47,948,200
Accumulated deficit (50,780,862) (49,688,663)
Total Equity 5,947,103 6,752,878
TOTAL LIABILITIES AND EQUITY $ 27,881,636 $ 46,102,638