XML 13 R2.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Balance Sheets - USD ($)
Jun. 30, 2023
Jun. 30, 2022
Real estate assets    
Land $ 37,163,127 $ 32,117,072
Building, fixtures and improvements 132,484,670 64,182,548
Intangible lease assets 8,180,089 2,889,828
Less: accumulated depreciation and amortization (7,112,574) (1,768,130)
Total real estate assets, net 170,715,312 97,421,318
Cash and cash equivalents 17,242,781 7,400,163
Restricted cash 898,238 1,092,816
Investments, at fair value 13,432,480 19,748,208
Unconsolidated investment (non-security), at fair value 8,716,500 37,845,036
Investments income, rents and other receivables 1,205,858 1,499,214
Investment acquisition advance 100,000 0
Prepaid expenses and other assets 846,424 67,625
Assets held for sale, net 0 17,490,581
Total assets 213,157,593 182,564,961
Liabilities    
Mortgage notes payable, net 91,247,384 68,370,415
Notes payable 1,653,937 0
Deferred rent and other liabilities 1,158,809 443,014
Finance lease liabilities 628,420 0
Dividend payable 2,016,855 1,419,913
Accounts payable and accrued liabilities 1,387,129 2,938,689
Stock redemption payable 444,999 348,051
Below-market lease liabilities, net 1,410,090 1,063,579
Due to related entities $ 156,364 $ 214,094
Other Liability, Related Party, Type [Extensible Enumeration] us-gaap:RelatedPartyMember us-gaap:RelatedPartyMember
Contingent liability $ 1,503,000 $ 2,715,000
Capital pending acceptance 538,600 85,000
Liabilities held for sale 0 744,989
Total liabilities 102,145,587 78,342,744
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,243,279.96 and 13,253,571.98 shares issued and outstanding as of June 30, 2023 and June 30, 2022,respectively. 1,324 1,325
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 671,340.45 and 119,416.91 shares issued and outstanding as of June 30, 2023 and June 30, 2022,respectively. 67 12
Capital in excess of par value 133,762,999 121,961,699
Accumulated deficit (34,856,258) (24,108,723)
Total stockholders' equity 98,908,132 97,854,313
Non-controlling interests 12,103,874 6,367,904
Total equity 111,012,006 104,222,217
Total liabilities and equity $ 213,157,593 $ 182,564,961