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Consolidated Statements of Operations - USD ($)
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Revenue    
Rental, reimbursements and other property income $ 22,059,843 $ 15,736,103
Expenses    
Depreciation and amortization 11,432,557 7,153,411
Interest expense 8,524,581 6,124,395
Property operating and maintenance 7,386,050 6,523,406
Asset management fees to related party (Note 8) 3,449,487 3,224,834
General and administrative 2,583,047 1,060,039
Professional fees 1,820,775 639,696
Administrative cost reimbursements to related party (Note 8) 669,855 756,733
Directors' fees 149,223 105,000
Transfer agent cost reimbursements to related party (Note 8) 6,145 66,267
Impairment loss 9,500,167 0
Total operating expenses 45,521,887 25,653,781
Operating loss (23,462,044) (9,917,678)
Other income (loss)    
Dividend and distribution income from equity securities at fair value 74,837 581,030
Net unrealized gain (loss) on equity securities at fair value 49,407 (697,644)
Net income (loss) from equity method investments at fair value (764,911) 1,827,232
Net realized income (loss) from investments 132,434 (3,016,772)
Net loss (23,970,277) (11,223,832)
Net income attributable to non-controlling interests (1,945,403) (853,665)
Net income attributable to preferred stockholders Series A and B (1,421,200) (1,153,486)
Net loss attributable to common stockholders $ (27,336,880) $ (13,230,983)
Net loss per share attributable to common stockholders, Basic (in dollars per share) $ (18.66) $ (9.95)
Net loss per share attributable to common stockholders, Diluted (in dollars per share) $ (18.66) $ (9.95)
Basic weighted average common shares outstanding (in shares) 1,465,094.94 1,329,322.18
Diluted weighted average common shares outstanding (in shares) 1,465,094.94 1,329,322.18