XML 31 R24.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Equity (Tables)
3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
Schedule of Stockholders Equity [Table Text Block]

 

Warrants

 

 

Weighted Average Price

 

 

Weighted Average Remaining Life

 

As of December 31, 2023

 

898,200

 

 

$

11.53

 

 

 

2.7

 

Exercised

 

(45,510

)

 

 

10.00

 

 

 

 

As of March 31, 2024

 

852,690

 

 

$

11.61

 

 

 

2.5

 

 

 

 

 

 

 

 

 

 

Warrants exercisable

 

852,690

 

 

$

11.61

 

 

 

2.5

 

 

 

 

 

 

 

 

 

 

 

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

 

 

There was no intrinsic value for the warrants as of March 31, 2024 or March 31, 2023.
Schedule of Restricted Common Shares Issued

The following is a summary of restricted shares for the three months ended March 31, 2024 and 2023:

 

2024

 

 

2023

 

Number of Shares Outstanding at beginning of period

 

91,516

 

 

 

58,502

 

Restricted Shares Issued

 

-

 

 

 

98,593

 

Restricted Shares Vested

 

(34,888

)

 

 

(45,857

)

Number of Shares Outstanding at end of period

 

56,628

 

 

 

111,238

 

Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block] Investor Warrants issued on September 8 and 30, 2021 became exercisable on a cashless basis on January 6 and 28, 2022, respectively.

 

As of March 31,

 

Issue Date

2024

 

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

 

437,840

 

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

 

 

 

852,690

 

Schedule of Cash Distributions

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

 

Authorized Date

Record Date

 

Per Share/Unit

 

January 3, 2024

March 15, 2024

 

$

0.039

 

January 3, 2024

February 14, 2024

 

$

0.039

 

January 3, 2024

January 15, 2024

 

$

0.039

 

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