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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2022
Dec. 31, 2021
ASSETS    
Investment properties, net $ 77,326,431 $ 69,407,915
Cash 4,863,963 4,370,405
Restricted cash 2,109,121 3,013,572
Rent and other receivables, net of allowance of $18,219 and $13,010, as of September 30, 2022 and December 31, 2021, respectively 241,819 466,141
Assets held for sale   9,846,208
Unbilled rent 985,089 872,322
Intangible assets, net 4,065,995 4,200,392
Other assets 517,263 370,133
Total Assets 90,109,681 92,547,088
LIABILITIES    
Accounts payable and accrued liabilities 2,184,854 1,307,257
Intangible liabilities, net 2,344,281 1,880,612
Mortgages payable, net 61,552,851 54,517,822
Mortgages payable, net, associated with assets held for sale   7,615,368
Mandatorily redeemable preferred stock, net 4,392,978 4,227,640
Total Liabilities 70,474,964 69,548,699
EQUITY    
Common stock, 17,439,947 and 16,052,617 shares issued and outstanding at September 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 (29,754,023) (24,981,346)
Total Stockholders' Equity 18,186,427 21,473,660
Noncontrolling interests - Operating Partnership 844,830 877,917
Total Equity 19,634,717 22,998,389
Total Liabilities and Equity 90,109,681 92,547,088
Hanover Square Property    
EQUITY    
Noncontrolling interests 120,824 146,603
Parkway Property    
EQUITY    
Noncontrolling interests $ 482,636 $ 500,209