Equity (Tables)

9 Months Ended

Sep. 30, 2021

Equity [Abstract]

Schedule of Warrants Issued and Outstanding with Exercise Price

Issue Date	Warrants Issued
April 25, 2019 exercise price of $20.00	50,000
November 13, 2020 exercise price of $20.00	50,000
September 8, 2021 exercise price of $10.00	1,500,000
September 8, 2021 exercise price of $12.50	135,000
September 30, 2021 exercise price of $10.00	165,000
September 30, 2021 exercise price of $12.50	14,850

The following is a summary of warrants outstanding as of September 30:

	2021				2020
	Number of Warrants	Weighted Average Price	Weighted Average Remaining Life	Number of Warrants		Weighted Average Price	Weighted Average Remaining Life
Beginning of the year	100,000	$20.00	5.3	50,000		$20.00	6.3
Issuance	1,814,850	$10.21	5.0	-		-	-
Ending balance	1,914,850	$10.72	4.97	50,000		$20.00	5.6
Warrants exercisable	1,765,000	$10.57	4.99	50,000		$20.00	5.6

Schedule of Restricted Common Shares Issued

Restricted Common Shares issued to the Board and Management

	2021	2020
Number of Shares Outstanding at beginning of the period	14,582	5,000
Restricted Shares Issued	14,000	11,250
Restricted Shares Vested	(5,415)	(1,668)
Number of Restricted Shares Outstanding at end of the period	23,167	14,582
Compensation expense	$153,636	$74,338

Schedule of Cash Distributions

Common Shareholders Cash Distributions – Nine-Month Periods ended September 30, 2021 and 2020

Board of Directors Authorized Date	Record Date	Per Share Cash Dividend to Common Shareholders	Total Dividends Paid	President Ownership at time of Distribution*
August 25, 2021	August 31, 2021	$    0.325	$    116,307	39.0%
February 26, 2021	March 15, 2021	$    0.325	$    114,373	39.0%
June 23, 2020	July 2, 2020	$    0.35	$    105,084	42.8%
January 31, 2020	February 28, 2020	$    0.35	$    105,101	42.8%

* Our president and chairman waived his right to receive a dividend for all of these periods mentioned above.

Operating Partnership Cash Distributions – Nine-Month Periods ended September 30, 2021 and 2020

Board of Directors Authorized Date	Record Date	Per Share Cash Dividend to Operating Partnership LP Holders	Total Dividends Paid
August 25, 2021	August 31, 2021	$    0.325	$    121,801
February 26, 2021	March 15, 2021	$    0.325	$    116,470
June 23, 2020	July 2, 2020	$    0.35	$    122,470
January 31, 2020	February 28, 2020	$    0.35	$    122,469