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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Jun. 30, 2024
Real estate assets    
Land $ 35,690,148 $ 34,053,565
Building, fixtures and improvements 169,400,043 157,251,012
Intangible lease assets 12,437,847 10,976,549
Less: accumulated depreciation and amortization (17,154,350) (12,684,205)
Total real estate assets, net 200,373,688 189,596,921
Cash and cash equivalents 6,142,915 11,777,930
Restricted cash 780,406 778,330
Investments, at fair value 972,545 1,341,164
Equity method investments, at fair value 2,598,444 4,703,266
Investments income, rents and other receivables 1,637,176 1,239,666
Deferred offering costs 667,607 0
Prepaid expenses and other assets 1,038,730 1,254,722
Assets held for sale, net 22,147,725 22,395,769
Total assets 236,359,236 233,087,768
Liabilities    
Mortgage notes payable, net 124,450,160 113,687,699
Notes payable 1,773,288 1,635,773
Deferred rent and other liabilities 1,281,595 1,193,209
Finance lease liabilities 2,377,410 1,887,984
Dividend payable 1,386,405 2,313,822
Accounts payable and accrued liabilities 5,408,173 2,311,554
Below-market lease liabilities, net 1,236,869 1,284,832
Due to related entities 122,446 171,260
Capital pending acceptance 171,088 297,000
Liabilities held for sale 415,085 355,543
Total liabilities 138,622,519 125,138,676
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,473,075.79 and 13,302,572.99 shares issued and outstanding as of December 31, 2024 and June 30, 2024, respectively. 1,347 1,330
Capital in excess of par value 138,814,050 137,072,283
Accumulated deficit (70,490,641) (54,715,347)
Total stockholders' equity 68,324,840 82,358,347
Non-controlling interests 29,411,877 25,590,745
Total equity 97,736,717 107,949,092
Total liabilities and equity 236,359,236 233,087,768
Series A Preferred Stock [Member]    
Equity    
Preferred stock 74 76
Series B Preferred Stock [Member]    
Equity    
Preferred stock $ 10 $ 5