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Consolidated Balance Sheets (Successor Basis) - USD ($)
Mar. 31, 2022
Jun. 30, 2021
Real Estate Assets    
Land $ 24,998,168 $ 16,293,591
Building, fixtures and improvements 52,124,910 38,348,005
Intangible lease assets 5,958,943 5,588,942
Less: accumulated depreciation and amortization (5,579,024) (2,257,903)
Total real estate assets, net 77,502,997 57,972,635
Cash 36,305,532 4,833,848
Restricted cash 3,480,679 2,919,705
Investments, at fair value 25,726,741 39,909,838
Unconsolidated investments (non-securities), at fair value 21,625,266 30,599,405
Investments income, rent and other receivables 2,243,317 1,985,325
Investment acquisition deposit 900,000 0
Prepaid expenses and other assets 532,195 332,271
Total assets 168,316,727 138,553,027
Liabilities    
Mortgage notes payable, net 52,758,133 38,693,330
Deferred rent and other liabilities 760,661 738,178
Dividend payable 1,213,426 0
Accounts payable and accrued liabilities 1,424,075 918,449
Stock redemption payable 1,041,694 0
Below-market lease liabilities, net 620,504 838,313
Due to related entities 199,105 1,937
Capital pending acceptance 10,000 0
Total liabilities 58,027,598 41,190,207
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,276,367.89 and 13,316,426.79 shares issued and outstanding, respectively. 1,328 1,332
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 80,017.90 shares issued and outstanding 8 0
Capital in excess of par value 121,357,823 120,408,505
Accumulated deficit (12,076,390) (23,298,857)
Total stockholders' equity 109,282,769 97,110,980
Non-controlling interests 1,006,360 251,840
Total equity 110,289,129 97,362,820
Total liabilities and equity $ 168,316,727 $ 138,553,027