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Consolidated Statement of Operations - USD ($)
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Revenue    
Rental and reimbursements $ 15,107,219 $ 10,369,174
Expenses    
Property operating and maintenance 9,028,493 6,155,774
Interest expense 7,099,968 2,354,442
Depreciation and amortization 5,273,793 4,544,343
Asset management fees to related party (note 8) 3,004,725 2,725,588
General and administrative 913,258 560,521
Administrative cost reimbursements to related party (note 8) 726,000 609,600
Professional fees 615,132 686,064
Directors' fees 106,000 107,000
Transfer agent cost reimbursements to related party (note 8) 92,000 106,401
Impairment loss on assets held for sale 8,121,090 9,126,461
Total operating expenses 34,980,459 26,976,194
Operating loss (19,873,240) (16,607,020)
Other income (loss)    
Dividend and distribution income from equity securities at fair value 535,199 2,388,788
Net unrealized gain (loss) on equity securities at fair value (2,079,093) 1,435,073
Net income from equity method investments at fair value 2,580,035 9,960,895
Net realized gain from investments 656,984 7,349,159
Net loss on disposal of fixed assets 0 (247,303)
Net loss on disposal of real estate (352,540) 0
Gain on extinguishment of debt 14,840,728 0
Net income (loss) (3,691,927) 4,279,592
Net (income) loss attributable to non-controlling interests (405,478) 285,294
Net income attributable to preferred stockholders (695,601) (56,929)
Net income (loss) attributable to common stockholders $ (4,793,006) $ 4,507,957
Net income (loss) per share attributable to common stockholders (in dollars per share) $ (0.36) $ 0.34
Weighted average common shares outstanding (in shares) 13,282,927.98 13,340,164.03