XML 14 R2.htm IDEA: XBRL DOCUMENT v3.25.2
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2025
Dec. 31, 2024
ASSETS    
Investment properties, net $ 59,850,435 $ 64,424,038
Cash 1,950,829 4,776,021
Restricted cash 1,686,953 1,296,715
Rent and other receivables, net of allowance of $0 as of June 30, 2025 and December 31, 2024, respectively 160,518 331,096
Assets held for sale 9,432,904  
Unbilled rent 1,167,753 1,114,365
Intangible assets, net 1,925,758 2,187,732
Other intangible assets 55,004  
Other assets 1,426,994 967,735
Total Assets 77,657,148 75,097,702
LIABILITIES    
Accounts payable and accrued liabilities 1,385,444 1,185,809
Intangible liabilities, net, associated with assets held for sale 6,545,968  
Intangible liabilities, net 895,349 1,420,364
Mortgages payable, net 43,509,578 50,001,062
Mandatorily redeemable preferred stock, net   1,488,221
Total Liabilities 52,336,339 54,095,456
EQUITY    
Common stock, $0.01 par value, 750,000,000 shares authorized, 1,352,409 and 1,345,260 shares issued and outstanding at June 30, 2025 and December 31, 2024, respectively 13,524 13,453
Additional paid-in capital 54,531,595 54,450,272
Offering costs (3,404,055) (3,404,055)
Accumulated deficit (37,732,004) (36,027,063)
Total Stockholders' Equity 13,409,060 15,032,607
Noncontrolling interests - Operating Partnership 11,520,923 5,554,770
Total Equity 25,320,809 21,002,246
Total Liabilities and Equity 77,657,148 75,097,702
Parkway Property    
EQUITY    
Noncontrolling interests $ 390,826 $ 414,869