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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental revenues $ 3,069,548 $ 2,282,406 $ 6,139,095 $ 4,205,626
Preferred return income 234,545 62,899 469,091 62,899
Income from mezzanine loan investment 250,241   500,483  
Tenant reimbursement income 456,666 219,082 877,825 594,995
Total revenues 4,011,000 2,564,387 7,986,494 4,863,520
Operating expenses (income):        
General and administrative expenses 33,439 61,824 88,204 205,052
Depreciation and amortization 1,629,666 1,158,291 3,259,334 2,144,443
Management fees 443,370 540,126 866,125 1,067,900
Property operating expenses 545,230 219,082 978,194 594,995
Total operating expenses 2,651,705 1,979,323 5,191,857 4,012,390
Other income (expense):        
Income from investments in real estate-related assets   322,904   701,222
Interest income 6,268 70,382 52,352 90,889
Interest expense (979,354) (781,268) (1,958,704) (1,395,502)
Total other income (expense) (973,086) (387,982) (1,906,352) (603,391)
Net income (loss) 386,209 197,082 888,285 247,739
Net income (loss) attributable to non-controlling interest (17,978)   (16,747)  
Net income (loss) attributable to common stockholders $ 404,187 $ 197,082 $ 905,032 $ 247,739
Weighted average shares outstanding 5,938,547 4,275,839 5,737,510 4,008,580
Net income (loss) per common share - basic and diluted $ 0.07 $ 0.05 $ 0.16 $ 0.06