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Consolidated Balance Sheets - USD ($)
Jun. 30, 2024
Jun. 30, 2023
Real estate assets    
Land $ 42,758,142 $ 37,163,127
Building, fixtures and improvements 171,487,907 132,484,670
Intangible lease assets 11,440,998 8,180,089
Less: accumulated depreciation and amortization (14,421,966) (7,112,574)
Total real estate assets, net 211,265,081 170,715,312
Cash and cash equivalents 11,854,946 17,242,781
Restricted cash 1,222,393 898,238
Investments, at fair value 2,138,104 13,432,480
Unconsolidated investment (non-security), at fair value 3,906,326 8,716,500
Investments income, rents and other receivables 1,415,943 1,205,858
Investment acquisition advance 0 100,000
Prepaid expenses and other assets 1,284,975 846,424
Total assets 233,087,768 213,157,593
Liabilities    
Mortgage notes payable, net 113,687,699 91,247,384
Notes payable 1,635,773 1,653,937
Deferred rent and other liabilities 1,434,476 1,158,809
Finance lease liabilities 1,887,984 628,420
Dividend payable 2,313,822 2,016,855
Accounts payable and accrued liabilities 2,425,471 1,387,129
Stock redemption payable 0 444,999
Below-market lease liabilities, net 1,284,832 1,410,090
Due to related entities 171,619 156,364
Contingent liability 0 1,503,000
Capital pending acceptance 297,000 538,600
Total liabilities 125,138,676 102,145,587
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,302,572.99 and 13,243,279.96 shares issued and outstanding as of June 30, 2024 and June 30, 2023, respectively. 1,330 1,324
Capital in excess of par value 137,072,283 133,762,999
Accumulated deficit (54,715,347) (34,856,258)
Total stockholders' equity 82,358,347 98,908,132
Non-controlling interests 25,590,745 12,103,874
Total equity 107,949,092 111,012,006
Total liabilities and equity 233,087,768 213,157,593
Series A Preferred Stock [Member]    
Equity    
Preferred stock 76 67
Series B Preferred Stock [Member]    
Equity    
Preferred stock $ 5 $ 0