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Consolidated Statements of Operations (Successor Basis) - USD ($)
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Revenue      
Rental and reimbursements $ 2,518,643 $ 1,764,076 $ 7,811,439
Expenses      
Property operating and maintenance 1,473,136 1,147,807 4,709,611
Depreciation and amortization 1,146,495 981,305 3,225,189
Asset management fees to related party (note 6) 680,678 678,053 2,034,852
Interest expense 572,490 269,277 1,417,992
Administrative cost reimbursements to related party (note 6) 152,400 155,200 457,200
General and administrative 248,001 39,403 398,790
Professional fees 62,977 97,806 424,168
Transfer agent cost reimbursements to related party (note 6) 26,600 30,800 79,801
Directors' fees 25,500 18,500 81,500
Total operating expenses 4,388,277 3,418,151 12,829,103
Operating loss (1,869,634) (1,654,075) (5,017,664)
Other income      
Dividend and distribution income from equity securities at fair value 858,357 497,006 2,237,434
Net unrealized gain (loss) on equity securities at fair value (3,838,217) 352,016 (876,882)
Net income from equity method investments at fair value 5,404,473 1,350,119 9,339,034
Net realized gain from investments 5,109,713 718,718 9,462,904
Net income 5,664,692 1,263,784 15,144,826
Net loss attributable to non-controlling interests 60,261 6,254 90,523
Net income attributable to preferred stockholders (18,507)   (18,947)
Net income attributable to common stockholders $ 5,706,446 $ 1,270,038 $ 15,216,402
Net income per share attributable to common stockholders (in dollars per share) $ 0.43 $ 0.10 $ 1.14
Weighted average common shares outstanding (in shares) 13,377,201 13,362,419.23 13,359,538.60