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Equity (Tables)
12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Schedule of Warrants Issued and Outstanding with Exercise Price See Note 13 Subsequent Events for Investor Warrants exercised after December 31, 2023.

 

 

As of December 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

 

483,350

 

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

 

 

 

898,200

 

Schedule of Stockholders Equity [Table Text Block]

The following is a summary of warrants outstanding as of December 31, 2023 and 2022:

 

Warrants

 

 

Weighted Average Price

 

 

Weighted Average Remaining Life

 

As of December 31, 2022

 

1,102,900

 

 

$

11.25

 

 

 

3.7

 

Exercised

 

(204,700

)

 

 

10.00

 

 

 

 

As of December 31, 2023

 

898,200

 

 

$

11.53

 

 

 

2.7

 

 

 

 

 

 

 

 

 

 

Warrants exercisable

 

898,200

 

 

$

11.53

 

 

 

2.7

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

 

Weighted Average Price

 

 

Weighted Average Remaining Life

 

As of December 31, 2021

 

1,914,850

 

 

$

10.72

 

 

 

4.7

 

Exercised

 

(811,950

)

 

 

10.00

 

 

 

 

As of December 31, 2022

 

1,102,900

 

 

$

11.25

 

 

 

3.7

 

 

 

 

 

 

 

 

 

 

Warrants exercisable

 

1,102,900

 

 

$

11.25

 

 

 

3.7

 

Schedule of Restricted Common Shares Issued

The following is a summary of restricted shares issued for the years ended December 31:

 

2023

 

 

2022

 

Number of Shares Outstanding at beginning of period

 

58,502

 

 

 

23,167

 

Restricted Shares Issued

 

98,593

 

 

 

47,499

 

Restricted Shares Vested

 

(65,579

)

 

 

(12,164

)

Number of Shares Outstanding at end of period

 

91,516

 

 

 

58,502

 

Schedule of Cash Distributions

The following is a summary of distributions to common shareholders and operating partnership unit holders for the twelve months ended December 31, 2023 and 2022:

Authorized Date

Record Date

 

Per Share/Unit

 

October 3, 2023

December 15, 2023

 

$

0.039

 

October 3, 2023

November 15, 2023

 

$

0.039

 

October 3, 2023

October 15, 2023

 

$

0.039

 

July 3, 2023

September 15, 2023

 

$

0.039

 

July 3, 2023

August 15, 2023

 

$

0.039

 

July 3, 2023

July 15, 2023

 

$

0.039

 

April 3, 2023

June 15, 2023

 

$

0.039

 

April 3, 2023

May 15, 2023

 

$

0.039

 

April 3, 2023

April 15, 2023

 

$

0.039

 

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