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Equity (Tables)
12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Warrants Issued and Outstanding with Exercise Price See Note 12 Subsequent Events for Investor Warrants exercised after December 31, 2025.

 

 

As of December 31,

 

Issue Date

2025

 

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

 

354,610

 

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

 

 

 

769,460

 

 

Schedule of Stockholders Equity [Table Text Block]

The following is a summary of warrants outstanding as of December 31, 2025 and 2024:

 

Warrants

 

 

Weighted Average Price

 

 

Weighted Average Remaining Life

 

As of December 31, 2024

 

819,360

 

 

$

11.61

 

 

 

2.5

 

Exercised

 

(49,900

)

 

 

10.00

 

 

 

 

As of December 31, 2025

 

769,460

 

 

$

9.97

 

 

 

2.8

 

 

 

 

 

 

 

 

 

 

Warrants exercisable

 

769,460

 

 

$

9.97

 

 

 

2.8

 

 

 

 

 

 

 

 

 

 

 

Warrants

 

 

Weighted Average Price

 

 

Weighted Average Remaining Life

 

As of December 31, 2023

 

898,200

 

 

$

11.53

 

 

 

2.7

 

Exercised

 

(78,840

)

 

 

10.00

 

 

 

 

As of December 31, 2024

 

819,360

 

 

$

11.61

 

 

 

2.5

 

 

 

 

 

 

 

 

 

 

Warrants exercisable

 

819,360

 

 

$

11.61

 

 

 

2.5

 

Schedule of Restricted Common Shares Issued

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

 

2025

 

 

2024

 

Number of Shares Outstanding at beginning of period

 

61,322

 

 

 

91,516

 

Restricted Shares Issued

 

126,000

 

 

 

39,362

 

Restricted Shares Vested

 

-

 

 

 

(69,556

)

Number of Shares Outstanding at end of period

 

187,322

 

 

 

61,322

 

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, 2025 and 2024:

Authorized Date

Record Date

 

Per Share/Unit

 

June 3, 2024

June 15, 2024

 

$

0.039

 

May 3, 2024

May 15, 2024

 

$

0.039

 

April 4, 2024

April 15, 2024

 

$

0.039

 

January 3, 2024

March 15, 2024

 

$

0.039

 

January 3, 2024

February 14, 2024

 

$

0.039

 

January 3, 2024

January 15, 2024

 

$

0.039