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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Jun. 30, 2023
Real estate assets    
Land $ 40,024,173 $ 37,163,127
Building, fixtures and improvements 135,131,900 132,484,670
Intangible lease assets 8,443,475 8,180,089
Less: accumulated depreciation and amortization (10,290,866) (7,112,574)
Total real estate assets, net 173,308,682 170,715,312
Cash and cash equivalents 12,173,527 17,242,781
Restricted cash 864,534 898,238
Investments, at fair value 8,747,060 13,432,480
Unconsolidated investment (non-security), at fair value 7,797,303 8,716,500
Investments income, rents and other receivables 1,103,608 1,205,858
Investment acquisition advance 0 100,000
Prepaid expenses and other assets 829,302 846,424
Total assets 204,824,016 213,157,593
Liabilities    
Mortgage notes payable, net 93,360,837 91,247,384
Notes payable 1,295,394 1,653,937
Deferred rent and other liabilities 1,260,353 1,158,809
Finance lease liabilities 596,951 628,420
Dividend payable 2,118,170 2,016,855
Accounts payable and accrued liabilities 1,092,865 1,387,129
Stock redemption payable 475,990 444,999
Below-market lease liabilities, net 1,160,372 1,410,090
Due to related entities 95,209 156,364
Contingent liability 718,000 1,503,000
Capital pending acceptance 75,000 538,600
Total liabilities 102,249,141 102,145,587
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,239,849.36 and 13,243,279.96 shares issued and outstanding as of December 31, 2023 and June 30, 2023, respectively. 1,324 1,324
Capital in excess of par value 135,164,330 133,762,999
Accumulated deficit (44,697,434) (34,856,258)
Total stockholders' equity 90,468,295 98,908,132
Non-controlling interests 12,106,580 12,103,874
Total equity 102,574,875 111,012,006
Total liabilities and equity 204,824,016 213,157,593
Series A Preferred Stock [Member]    
Equity    
Preferred stock 75 67
Series B Preferred Stock [Member]    
Equity    
Preferred stock $ 0 $ 0