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Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2022
Dec. 31, 2021
ASSETS    
Investment properties, net $ 78,059,345 $ 69,407,915
Cash 2,480,925 4,370,405
Restricted cash 3,297,038 3,013,572
Rent and other receivables, net of allowance of $18,219 and $13,010, as of June 30, 2022 and December 31, 2021, respectively 284,056 466,141
Assets held for sale 9,897,045 9,846,208
Unbilled rent 930,697 872,322
Intangible assets, net 4,424,149 4,200,392
Other assets 570,038 370,133
Total Assets 99,943,293 92,547,088
LIABILITIES    
Accounts payable and accrued liabilities 1,954,385 1,307,257
Intangible liabilities, net 2,459,960 1,880,612
Mortgages payable, net 61,811,192 54,517,822
Mortgages payable, net, associated with assets held for sale 7,615,368 7,615,368
Mandatorily redeemable preferred stock, net 4,336,667 4,227,640
Total Liabilities 78,177,572 69,548,699
EQUITY    
Common stock, 17,439,947 and 16,052,617 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively) 174,399 160,526
Additional paid-in capital 51,116,997 49,645,426
Offering costs (3,350,946) (3,350,946)
Accumulated deficit (27,650,766) (24,981,346)
Total Stockholders' Equity 20,289,684 21,473,660
Noncontrolling interests - Operating Partnership 864,027 877,917
Total Equity 21,765,721 22,998,389
Total Liabilities and Equity 99,943,293 92,547,088
Hanover Square Property    
EQUITY    
Noncontrolling interests 137,156 146,603
Parkway Property    
EQUITY    
Noncontrolling interests $ 474,854 $ 500,209