Equity (Tables)

3 Months Ended

9 Months Ended

Mar. 31, 2023

Sep. 30, 2022

Equity [Abstract]

Schedule of Stockholders Equity [Table Text Block]

	Warrants			Weighted Average Price		Weighted Average Remaining Life
As of December 31, 2022		1,102,900		$	11.25		3.7
Exercised		(106,480	)		10.00		-
As of March 31, 2023		996,420		$	11.38		3.5
Warrants exercisable		996,420		$	11.38		3.5
	Warrants			Weighted Average Price		Weighted Average Remaining Life
As of December 31, 2021		1,914,850		$	10.72		4.7
Exercised		(276,760	)		10.00		-
As of March 31, 2022		1,638,090		$	10.84		4.5
Warrants exercisable		1,638,090		$	10.84		4.5

There was no intrinsic value for the warrants as of March 31, 2023 or March 31, 2022.

Schedule of Restricted Common Shares Issued

The following is a summary of restricted shares for the three months ended March 31, 2023 and 2022:

	2023			2022
Number of Shares Outstanding at beginning of period		58,502			23,167
Restricted Shares Issued		98,593			47,142
Restricted Shares Vested		(45,857	)		(10,500	)
Number of Shares Outstanding at end of period		111,238			59,809

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]

Investor Warrants issued on September 8 and 28, 2021 became exercisable on a cashless basis on January 6 and 28, 2022, respectively.

	As of March 31,
Issue Date	2023
April 25, 2019 at an exercise price of $20.00		50,000
November 13, 2020 at an exercise price of $20.00		50,000
September 8, 2021 at an exercise price of $10.00		581,570
September 8, 2021 at an exercise price of $12.50		135,000
September 30, 2021 at an exercise price of $10.00		165,000
September 30, 2021 at an exercise price of $12.50		14,850
		996,420

Schedule of Cash Distributions

The following is a summary of distributions to common stockholders and Operating Partnership unit holders:

Authorized Date	Record Date	Per Share/Unit
January 3, 2023	March 15, 2023	$	0.039
January 3, 2023	February 15, 2023	$	0.039
January 3, 2023	January 15, 2023	$	0.039
October 3, 2022	December 15, 2022	$	0.039
October 3, 2022	November 15, 2022	$	0.039
October 3, 2022	October 15, 2022	$	0.039
June 27, 2022	September 15, 2022	$	0.054
June 27, 2022	August 15, 2022	$	0.054
June 27, 2022	July 15, 2022	$	0.054
March 15, 2022	June 15, 2022	$	0.054
March 15, 2022	May 15, 2022	$	0.054
March 15, 2022	April 15, 2022	$	0.054
December 10, 2021	March 15, 2022	$	0.054
December 10, 2021	February 15, 2022	$	0.054
December 10, 2021	January 15, 2022	$	0.054

Through June 2022, the Company's CEO waived his right to receive distributions with respect to the shares held by him as of the completion of the Public Offering.