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Consolidated Statements of Operations - USD ($)
3 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Revenue    
Rental and reimbursements $ 4,952,229 $ 3,559,981
Expenses    
Depreciation and amortization 2,280,756 1,559,668
Interest expense 1,891,709 1,321,951
Property operating and maintenance 1,877,597 1,390,004
Asset management fees to related party (Note 8) 848,458 787,077
General and administrative 433,717 207,276
Professional fees 428,016 319,370
Administrative cost reimbursements to related party (Note 8) 167,464 189,183
Directors' fees 57,703 25,500
Transfer agent cost reimbursements to related party (Note 8) 1,536 16,567
Impairment loss 4,406,249 0
Total operating expenses 12,393,205 5,816,596
Operating loss (7,440,976) (2,256,615)
Other income (loss)    
Dividend and distribution income from equity securities at fair value 23,989 220,688
Net unrealized loss on equity securities at fair value (2,553) (729,793)
Net loss from equity method investments at fair value (140,099) (1,442,982)
Net realized gain from investments 151,370 0
Net loss (7,408,269) (4,208,702)
Net income attributable to non-controlling interests (401,996) (120,336)
Net income attributable to preferred stockholders Series A and B (332,414) (268,383)
Net loss attributable to common stockholders $ (8,142,679) $ (4,597,421)
Net loss per share attributable to common stockholders (in dollars per share) $ (0.61) $ (0.35)
Weighted average common shares outstanding (in shares) 13,345,967.15 13,284,673.13