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Consolidated Statements of Operations - USD ($)
3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Revenue    
Rental, reimbursements and other property income $ 4,539,062 $ 4,952,229
Expenses    
Depreciation and amortization 2,197,528 2,280,756
Interest expense 2,018,535 1,891,709
Property operating and maintenance 1,888,104 1,877,597
Asset management fees to related party (Note 7) 884,766 848,458
General and administrative 352,705 433,717
Professional fees 426,809 428,016
Administrative cost reimbursements to related party (Note 7) 220,250 167,464
Directors’ fees 38,250 57,703
Transfer agent cost reimbursements to related party (Note 7) 0 1,536
Impairment loss 0 4,406,249
Total operating expenses 8,026,947 12,393,205
Operating loss (3,487,885) (7,440,976)
Other income (loss)    
Dividend and distribution income from equity securities at fair value 63,263 23,989
Net unrealized gain (loss) on equity securities at fair value 1,104,493 (2,553)
Net unrealized gain on securities sold, not yet purchased, at fair value 4,228 0
Net loss from equity method investments at fair value (27,086) (140,099)
Net realized income (loss) from investments (703,907) 151,370
Net loss (3,046,894) (7,408,269)
Net income attributable to non-controlling interests (657,637) (401,996)
Net income attributable to preferred stockholders Series A, B and C (381,101) (332,414)
Net loss attributable to common stockholders $ (4,085,632) $ (8,142,679)
Net loss per share attributable to common stockholders, Basic (in Dollars per share) [1] $ (2.2) $ (6.1)
Net loss per share attributable to common stockholders, Diluted (in Dollars per share) [1] $ (2.2) $ (6.1)
Basic weighted average common shares outstanding (in Shares) [1] 1,856,159.91 1,334,596.72
Diluted weighted average common shares outstanding (in Shares) [1] 1,856,159.91 1,334,596.72
[1] After giving effect to the 1-for-10 Reverse Stock Split that was effective August 4, 2025.