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Consolidated Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2024
Dec. 31, 2023
Revenue        
Rental, reimbursements and other property income $ 8,030,316 $ 3,577,486 $ 12,982,545 $ 7,137,467
Expenses        
Depreciation and amortization 2,175,924 1,559,771 4,456,680 3,119,439
Interest expense 1,968,113 1,452,780 3,859,822 2,774,731
Property operating and maintenance 1,711,617 1,505,063 3,589,214 2,895,067
Asset management fees to related party (Note 8) 858,578 790,557 1,707,036 1,577,634
General and administrative 406,145 311,471 839,862 518,747
Professional fees 137,617 81,781 565,633 401,151
Administrative cost reimbursements to related party (Note 8) 167,464 189,184 334,928 378,367
Directors' fees 64,336 28,500 122,039 54,000
Transfer agent cost reimbursements to related party (Note 8) 1,536 16,566 3,072 33,133
Impairment loss 5,093,918 0 9,500,167 0
Total operating expenses 12,585,248 5,935,673 24,978,453 11,752,269
Operating loss (4,554,932) (2,358,187) (11,995,908) (4,614,802)
Other income (loss)        
Dividend and distribution income from equity securities at fair value 11,546 162,583 35,535 383,271
Net unrealized gain (loss) on equity securities at fair value (18,567) 263,478 (21,120) (466,315)
Net income (loss) from equity method investments at fair value 40,974 1,664,519 (99,125) 221,537
Net realized income (loss) from investments 62,845 (1,285,998) 214,215 (1,285,998)
Net loss (4,458,134) (1,553,605) (11,866,403) (5,762,307)
Net income attributable to non-controlling interests (471,087) (106,273) (873,083) (226,609)
Net income attributable to preferred stockholders Series A and B (350,279) (278,822) (682,693) (547,205)
Net loss attributable to common stockholders $ (5,279,500) $ (1,938,700) $ (13,422,179) $ (6,536,121)
Net loss per share attributable to common stockholders (in dollars per share) $ (0.39) $ (0.15) $ (1) $ (0.49)
Weighted average common shares outstanding (in shares) 13,448,336 13,239,849 13,397,151.4 13,294,159.36