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Consolidated Balance Sheets - USD ($)
Dec. 31, 2024
Dec. 31, 2023
ASSETS    
Investment properties, net $ 64,424,038 $ 64,577,376
Cash 4,776,021 2,234,603
Restricted cash 1,296,715 1,575,002
Rent and other receivables, net of allowance of $0 and $13,413, as of December 31, 2024 and December 31, 2023, respectively 331,096 292,618
Assets held for sale   9,707,154
Unbilled rent 1,114,365 1,109,782
Intangible assets, net 2,187,732 2,716,546
Other assets 967,735 532,935
Total Assets 75,097,702 82,746,016
LIABILITIES    
Accounts payable and accrued liabilities 1,185,809 1,095,049
Intangible liabilities, net 1,420,364 1,865,310
Line of credit, short term, net   1,000,000
Mortgages payable, net 50,001,062 50,772,773
Mortgages payable, net, associated with assets held for sale   9,588,888
Mandatorily redeemable preferred stock, net 1,488,221 4,693,575
Total Liabilities 54,095,456 69,015,595
EQUITY    
Common stock, 1,345,260 and 1,109,405 shares issued and outstanding at December 31, 2024 and December 31, 2023, respectively 13,453 11,094
Additional paid-in capital 54,450,272 51,525,303
Offering costs (3,404,055) (3,350,946)
Accumulated deficit (36,027,063) (35,864,693)
Total Stockholders' Equity 15,032,607 12,320,758
Noncontrolling interests - Operating Partnership 5,554,770 837,320
Total Equity 21,002,246 13,730,421
Total Liabilities and Equity 75,097,702 82,746,016
Hanover Square Property    
EQUITY    
Noncontrolling interests   119,140
Parkway Property    
EQUITY    
Noncontrolling interests $ 414,869 $ 453,203