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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2023
Dec. 31, 2022
Revenue        
Rental and reimbursements $ 3,577,486 $ 3,674,252 $ 7,137,467 $ 6,742,755
Expenses        
Depreciation and amortization 1,559,771 1,163,320 3,119,439 2,075,624
Property operating and maintenance 1,505,063 2,286,997 2,895,067 4,118,971
Interest expense 1,452,780 1,675,445 2,774,731 3,263,408
Asset management fees to related party (Note 8) 790,557 741,519 1,577,634 1,457,786
General and administrative 311,471 180,619 518,747 280,842
Administrative cost reimbursements to related party (Note 8) 189,184 181,500 378,367 363,000
Professional fees 81,781 169,745 401,151 377,549
Directors' fees 28,500 29,500 54,000 55,000
Transfer agent cost reimbursements to related party (Note 8) 16,566 23,000 33,133 46,000
Impairment loss on assets held for sale 0 1,913,346 0 1,913,346
Total operating expenses 5,935,673 8,364,991 11,752,269 13,951,526
Operating loss (2,358,187) (4,690,739) (4,614,802) (7,208,771)
Other income (loss)        
Dividend and distribution income from equity securities at fair value 162,583 78,921 383,271 205,316
Net unrealized gain (loss) on equity securities at fair value 263,478 (526,484) (466,315) (1,074,053)
Net income (loss) from equity method investments at fair value 1,664,519 (74,239) 221,537 3,633,974
Net realized gain (loss) from investments (1,285,998) 313,517 (1,285,998) 830,964
Net loss (1,553,605) (4,899,024) (5,762,307) (3,612,570)
Net income attributable to non-controlling interests (106,273) (14,863) (226,609) (47,088)
Net income attributable to preferred stockholders Series A and B (278,822) (155,909) (547,205) (243,793)
Net loss attributable to common stockholders $ (1,938,700) $ (5,069,796) $ (6,536,121) $ (3,903,451)
Net loss per share attributable to common stockholders (in dollars per share) $ (0.15) $ (0.38) $ (0.49) $ (0.29)
Weighted average common shares outstanding (in shares) 13,239,849 13,283,330 13,294,159.36 13,282,199.58