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Consolidated Balance Sheets - USD ($)
Mar. 31, 2024
Jun. 30, 2023
Real estate assets    
Land $ 41,393,276 $ 37,163,127
Building, fixtures and improvements 155,912,850 132,484,670
Intangible lease assets 10,112,806 8,180,089
Less: accumulated depreciation and amortization (12,242,383) (7,112,574)
Total real estate assets, net 195,176,549 170,715,312
Cash and cash equivalents 15,462,084 17,242,781
Restricted cash 686,450 898,238
Investments, at fair value 4,037,437 13,432,480
Unconsolidated investment (non-security), at fair value 7,629,958 8,716,500
Investments income, rents and other receivables 1,906,017 1,205,858
Investment acquisition advance 0 100,000
Prepaid expenses and other assets 1,187,331 846,424
Total assets 226,085,826 213,157,593
Liabilities    
Mortgage notes payable, net 106,137,059 91,247,384
Notes payable 1,490,607 1,653,937
Deferred rent and other liabilities 2,644,150 1,158,809
Finance lease liabilities 1,215,686 628,420
Dividend payable 2,278,068 2,016,855
Accounts payable and accrued liabilities 2,143,171 1,387,129
Stock redemption payable 0 444,999
Below-market lease liabilities, net 1,314,007 1,410,090
Due to related entities 164,569 156,364
Contingent liability 718,000 1,503,000
Capital pending acceptance 266,400 538,600
Total liabilities 118,371,717 102,145,587
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,302,775.40 and 13,243,279.96 shares issued and outstanding as of March 31, 2024 and June 30, 2023, respectively. 1,331 1,324
Capital in excess of par value 136,162,782 133,762,999
Accumulated deficit (49,854,558) (34,856,258)
Total stockholders' equity 86,309,632 98,908,132
Non-controlling interests 21,404,477 12,103,874
Total equity 107,714,109 111,012,006
Total liabilities and equity 226,085,826 213,157,593
Series A Preferred Stock [Member]    
Equity    
Preferred stock 75 67
Series B Preferred Stock [Member]    
Equity    
Preferred stock $ 2 $ 0