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Consolidated Statements of Cash Flows (unaudited) - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASHFLOWS FROM OPERATING ACTIVITIES    
Net income (loss) $ (2,747,178) $ (712,433)
Adjustments to reconcile net loss to cash provided by (used in) operating activities:    
Depreciation 1,583,262 1,078,854
Amortization of acquired lease intangible assets 527,713 429,486
Amortization of debt issuance costs 118,930 120,343
Amortization of below market leases (102,183) (147,228)
Amortization of above market ground lease (592) 0
Common stock issued for services 0 112,432
Restricted stock unit compensation 421,882 201,690
Non-cash ground lease expense 71,672 0
Income on investment in tenancy-in-common (37,298) (12,495)
Gain on sale of property 0 (923,178)
Dead Deal Expenses 174,722 0
Loss on debt extinguishment 144,029 0
Write-off of deferred financing cost 252,256 0
Changes in operating assets and liabilities:    
Accounts receivable (7,402) (12,867)
Other assets (20,459) (37,951)
Deferred rent asset (131,955) (30,187)
Prepaid expenses (69,772) (103,427)
Accounts payable (28,266) 83,165
Accrued expenses 230,808 (260,309)
Accrued expenses - related party 128,901 0
Lease liability 51,954 0
Deferred rent liability 22,860 40,343
Net cash provided by operating activities 583,884 (173,762)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of land, buildings, other tangible and intangible assets (12,850,360) (8,288,954)
Escrow return (deposit) for purchase of properties 25,000 (175,000)
Distribution from tenancy-in-common 0 12,243
Investment in tenancy-in-common (455,888) (724,830)
Proceeds from sale of property 0 5,245,856
Net cash used in investing activities (13,281,248) (3,930,685)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of common stock and warrant 0 14,375,857
Proceeds from issuance of redeemable interest 1,109,570 2,100,000
Redemption of redeemable non-controlling interests (406,652) (1,200,000)
Proceeds from loan payable - related party 1,500,000 0
Repayment on other payable - related party (325,000) 0
Repayment on loan payable - related party 0 (1,100,000)
Mortgage loan borrowings 17,650,000 4,475,000
Mortgage loan repayments (11,305,729) (3,913,773)
Stock issuance costs (6,091) 0
Deferred financing costs (252,256) 0
Debt issuance costs (342,647) (69,780)
Insurance financing borrowings 288,693 277,059
Insurance financing repayments (275,684) (284,569)
Distribution on non-controlling interests (451,005) (493,321)
Dividends paid on common stock (1,356,915) (560,314)
Net cash provided by financing activities 5,826,284 13,606,159
Net increase (decrease) in cash and cash equivalents (6,871,080) 9,501,712
Cash and cash equivalents and restricted cash - beginning of period 10,624,076 1,122,364
Cash and cash equivalents and restricted cash - end of period 3,752,996 10,624,076
CASH TRANSACTIONS    
Interest Paid 1,475,867 1,192,251
NON-CASH TRANSACTIONS    
Stock issued for accrued liabilities 0 11,000
Stock issued for cashless exercise of Investor Warrants 812 0
Deferred distribution on redeemable non-controlling interests 64,134 36,729
Recognition of right of use assets and lease liabilities for ground lease related to property acquisition 6,304,334 0
Issuance of Other payable - related party for Redemption of Non-Controlling Interest 2,912,300 0
Common stock issued to redeem non-controlling interest $ 1,200,000 $ 0