XML 12 R5.htm IDEA: XBRL DOCUMENT v3.24.3
Consolidated Statements of Changes in Equity (unaudited) - USD ($)
Total
Year-End Adjustment
Common Stock
Additional Paid-In- Capital
Accumulated Other Comprehensive Income
Accumulated Deficit
Stockholders' Equity
Redeemable Preferred Stock
Non-Controlling Interests
Redeemable Non-Controlling Interests, Beginning Balance at Dec. 31, 2022     $ 25,016 $ 19,307,518   $ (8,640,796) $ 10,691,738   $ 445,035
Beginning Balance at Dec. 31, 2022 $ 11,136,773                
Balance, Shares at Dec. 31, 2022     2,501,644            
Redeemable non-controlling interest, beginning balance at Dec. 31, 2022                 5,789,731
Restricted stock compensation 90,648   $ 986 89,662     90,648    
Restricted stock compensation, Shares     98,593            
Cashless exercise of warrants     $ 106 (106)          
Cashless exercise of warrants, shares     10,648            
Redemption of Redeemable Non-Controlling Interest                 (2,479,299)
Issuance of Redeemable Non-Controlling Interest for property acquisition                 3,000,000
Distribution on Non-Controlling Interest                 (115,817)
Distribution on Non-Controlling Interest (2,844)               (2,844)
Dividends paid on common stock (297,479)     (297,479)     (297,479)    
Net Income (Loss)   $ (1,322,475)       (1,317,567) (1,317,567)   (4,908)
Net (loss) income for the quarter                 132,122
Redeemable Non-Controlling Interests, Ending Balance at Mar. 31, 2023     $ 26,108 19,099,595   (9,958,363) 9,167,340   437,283
Ending Balance at Mar. 31, 2023   9,604,623              
Balance, Shares at Mar. 31, 2023     2,610,885            
Redeemable non-controlling interest, ending balance at Mar. 31, 2023                 6,326,737
Redeemable Non-Controlling Interests, Beginning Balance at Dec. 31, 2022     $ 25,016 19,307,518   (8,640,796) 10,691,738   445,035
Beginning Balance at Dec. 31, 2022 11,136,773                
Balance, Shares at Dec. 31, 2022     2,501,644            
Redeemable non-controlling interest, beginning balance at Dec. 31, 2022                 5,789,731
Conversion of Preferred Stock into Common Stock 0                
Dividends paid on common stock (909,792)                
Net Income (Loss) (3,837,931)                
Redeemable Non-Controlling Interests, Ending Balance at Sep. 30, 2023     $ 26,192 18,683,616   (12,668,727) 6,120,051   416,258
Ending Balance at Sep. 30, 2023   6,536,309     $ 78,969     $ 11,637,616  
Balance, Shares at Sep. 30, 2023     2,619,232            
Redeemable non-controlling interest, ending balance at Sep. 30, 2023                 18,424,559
Redeemable Non-Controlling Interests, Beginning Balance at Mar. 31, 2023     $ 26,108 19,099,595   (9,958,363) 9,167,340   437,283
Beginning Balance at Mar. 31, 2023   9,604,623              
Balance, Shares at Mar. 31, 2023     2,610,885            
Redeemable non-controlling interest, beginning balance at Mar. 31, 2023                 6,326,737
Restricted stock compensation 77,039     77,039     77,039    
Cashless exercise of warrants     $ 67 (67)          
Cashless exercise of warrants, shares     6,653            
Distribution on Non-Controlling Interest                 (126,998)
Distribution on Non-Controlling Interest (2,844)               (2,844)
Dividends paid on common stock (305,991)     (305,991)     (305,991)    
Net Income (Loss)   (895,700)       (881,462) (881,462)   (14,238)
Net (loss) income for the quarter                 143,303
Redeemable Non-Controlling Interests, Ending Balance at Jun. 30, 2023     $ 26,175 18,870,576   (10,839,825) 8,056,926   420,201
Ending Balance at Jun. 30, 2023   8,477,127              
Balance, Shares at Jun. 30, 2023     2,617,538            
Redeemable non-controlling interest, ending balance at Jun. 30, 2023                 6,343,042
Restricted stock compensation 119,380     119,380     119,380    
Cashless exercise of warrants     $ 17 (17)          
Cashless exercise of warrants, shares     1,694            
Redemption of Redeemable Non-Controlling Interest                 (2,100,000)
Issuance of Preferred Stock               11,637,616  
Issuance of Redeemable Non-Controlling Interest for property acquisition                 14,100,000
Distribution on Non-Controlling Interest                 (345,219)
Distribution on Non-Controlling Interest (2,844)               (2,844)
Dividends paid on common stock (306,322)     (306,322)     (306,322)    
Other comprehensive income 78,969       78,969        
Dividends on preferred stock               (190,000)  
Net Income (Loss) (1,638,902) (1,830,001)       (1,828,902) (1,828,902) 190,000 (1,099)
Net (loss) income for the quarter                 426,736
Redeemable Non-Controlling Interests, Ending Balance at Sep. 30, 2023     $ 26,192 18,683,616   (12,668,727) 6,120,051   416,258
Ending Balance at Sep. 30, 2023   6,536,309     $ 78,969     11,637,616  
Balance, Shares at Sep. 30, 2023     2,619,232            
Redeemable non-controlling interest, ending balance at Sep. 30, 2023                 18,424,559
Redeemable Non-Controlling Interests, Ending Balance at Dec. 31, 2023 3,665,198   $ 26,207 18,472,049   (14,833,058) 3,665,198   406,131
Ending Balance at Dec. 31, 2023 4,071,329 4,071,329              
Balance, Shares at Dec. 31, 2023     2,620,707            
Redeemable non-controlling interest, ending balance at Dec. 31, 2023 18,812,423             11,637,616 18,812,423
Restricted stock compensation 94,935     94,935     94,935    
Cashless exercise of warrants     $ 46 (46)          
Cashless exercise of warrants, shares     4,551            
Conversion of Preferred Stock into Common Stock 11,637,616   $ 27,946 11,609,670     11,637,616 (11,637,616)  
Conversion of preferred stock to Common stock, share     2,794,597            
Distribution on Non-Controlling Interest                 (267,833)
Distribution on Non-Controlling Interest (2,844)               (2,844)
Dividends paid on common stock (525,106)     (525,106)     (525,106)    
Stock issuance costs (61,938)     (61,938)     (61,938)    
Dividends on preferred stock               (95,000)  
Net Income (Loss)   (2,927,802)       (2,920,220) (2,920,220) 95,000 (7,582)
Net (loss) income for the quarter                 953,706
Redeemable Non-Controlling Interests, Ending Balance at Mar. 31, 2024     $ 54,199 29,589,564   (17,753,278) 11,890,485   395,705
Ending Balance at Mar. 31, 2024   12,286,190              
Balance, Shares at Mar. 31, 2024     5,419,855            
Redeemable non-controlling interest, ending balance at Mar. 31, 2024                 19,498,296
Redeemable Non-Controlling Interests, Beginning Balance at Dec. 31, 2023 3,665,198   $ 26,207 18,472,049   (14,833,058) 3,665,198   406,131
Beginning Balance at Dec. 31, 2023 4,071,329 4,071,329              
Balance, Shares at Dec. 31, 2023     2,620,707            
Redeemable non-controlling interest, beginning balance at Dec. 31, 2023 18,812,423             $ 11,637,616 18,812,423
Conversion of Preferred Stock into Common Stock 11,637,616                
Dividends paid on common stock (1,159,481)                
Net Income (Loss) (8,056,538)                
Redeemable Non-Controlling Interests, Ending Balance at Sep. 30, 2024 6,199,179   $ 54,232 29,129,543   (22,984,596) 6,199,179   392,861
Ending Balance at Sep. 30, 2024 6,592,040 6,592,040              
Balance, Shares at Sep. 30, 2024     5,423,188            
Redeemable non-controlling interest, ending balance at Sep. 30, 2024 26,135,796               23,056,190
Redeemable Non-Controlling Interests, Beginning Balance at Mar. 31, 2024     $ 54,199 29,589,564   (17,753,278) 11,890,485   395,705
Beginning Balance at Mar. 31, 2024   12,286,190              
Balance, Shares at Mar. 31, 2024     5,419,855            
Redeemable non-controlling interest, beginning balance at Mar. 31, 2024                 19,498,296
Restricted stock compensation 94,935     94,935     94,935    
Cashless exercise of warrants     $ 33 (33)          
Cashless exercise of warrants, shares     3,333            
Issuance of Redeemable Non-Controlling Interest for property acquisition                 2,500,000
Distribution on Non-Controlling Interest                 (271,090)
Distribution on Non-Controlling Interest (2,844)               (2,844)
Dividends paid on common stock (634,407)     (634,407)     (634,407)    
Stock issuance costs (15,450)     (15,450)     (15,450)    
Net Income (Loss)   (2,261,722)       (2,261,722) (2,261,722)    
Net (loss) income for the quarter                 800,234
Redeemable Non-Controlling Interests, Ending Balance at Jun. 30, 2024     $ 54,232 29,034,609   (20,015,000) 9,073,841   392,861
Ending Balance at Jun. 30, 2024   9,466,702              
Balance, Shares at Jun. 30, 2024     5,423,188            
Redeemable non-controlling interest, ending balance at Jun. 30, 2024                 22,527,440
Restricted stock compensation 94,934     94,934     94,934    
Distribution on Non-Controlling Interest                 (337,297)
Net Income (Loss) (2,969,596) (2,969,596)       (2,969,596) (2,969,596)    
Net (loss) income for the quarter                 866,047
Redeemable Non-Controlling Interests, Ending Balance at Sep. 30, 2024 6,199,179   $ 54,232 $ 29,129,543   $ (22,984,596) $ 6,199,179   392,861
Ending Balance at Sep. 30, 2024 6,592,040 $ 6,592,040              
Balance, Shares at Sep. 30, 2024     5,423,188            
Redeemable non-controlling interest, ending balance at Sep. 30, 2024 $ 26,135,796               $ 23,056,190