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Consolidated Balance Sheets - USD ($)
Sep. 30, 2024
Jun. 30, 2024
Real estate assets    
Land $ 35,690,148 $ 34,053,565
Building, fixtures and improvements 170,102,235 157,251,012
Intangible lease assets 12,174,178 10,976,549
Less: accumulated depreciation and amortization (14,922,760) (12,684,205)
Total real estate assets, net 203,043,801 189,596,921
Cash and cash equivalents 10,693,380 11,777,930
Restricted cash 778,923 778,330
Investments, at fair value 1,763,318 2,138,104
Unconsolidated investment (non-security), at fair value 1,784,470 3,906,326
Investments income, rents and other receivables 1,601,868 1,239,666
Deferred offering costs, net 465,500 0
Prepaid expenses and other assets 1,181,326 1,254,722
Assets held for sale, net 22,221,715 22,395,769
Total assets 243,534,301 233,087,768
Liabilities    
Mortgage notes payable, net 127,281,972 113,687,699
Notes payable 1,780,913 1,635,773
Deferred rent and other liabilities 1,362,654 1,193,209
Finance lease liabilities 2,431,963 1,887,984
Dividend payable 2,378,697 2,313,822
Accounts payable and accrued liabilities 4,255,449 2,311,554
Below-market lease liabilities, net 1,354,541 1,284,832
Due to related entities 114,561 171,260
Capital pending acceptance 96,700 297,000
Liabilities held for sale 442,702 355,543
Total liabilities 141,500,152 125,138,676
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,435,656.79 and 13,302,572.99 shares issued and outstanding as of September 30, 2024 and June 30, 2024, respectively. 1,344 1,330
Capital in excess of par value 137,981,396 137,072,283
Accumulated deficit (64,537,486) (54,715,347)
Total stockholders' equity 73,445,337 82,358,347
Non-controlling interests 28,588,812 25,590,745
Total equity 102,034,149 107,949,092
Total liabilities and equity 243,534,301 233,087,768
Series A Preferred Stock [Member]    
Equity    
Preferred stock 77 76
Series B Preferred Stock [Member]    
Equity    
Preferred stock $ 6 $ 5