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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental revenues $ 3,069,547 $ 2,539,063 $ 9,208,642 $ 6,744,689
Preferred return income 237,123 234,439 706,214 297,338
Income from mezzanine loan investment 252,992   753,475  
Tenant reimbursement income 300,156 221,714 1,177,981 816,709
Total revenues 3,859,818 2,995,216 11,846,312 7,858,736
Operating expenses (income):        
General and administrative expenses 29,464 123,959 117,668 329,011
Depreciation and amortization 1,629,668 1,316,588 4,889,002 3,461,031
Management fees 461,891 502,445 1,328,016 1,570,345
Property operating expenses 286,322 221,714 1,264,516 816,709
Total operating expenses 2,407,345 2,164,706 7,599,202 6,177,096
Other income (expense):        
Income from investments in real estate-related assets   177,156   878,378
Interest income 3,042 100,853 55,394 191,742
Interest expense (990,020) (901,999) (2,948,724) (2,297,501)
Total other income (expense) (986,978) (623,990) (2,893,330) (1,227,381)
Net income (loss) 465,495 206,520 1,353,780 454,259
Net income (loss) attributable to non-controlling interest 7,626 3,639 (9,121) 3,639
Net income (loss) attributable to common stockholders $ 457,869 $ 202,881 $ 1,362,901 $ 450,620
Weighted average shares outstanding 6,148,092 4,709,406 5,875,372 4,244,768
Net income (loss) per common share - basic and diluted $ 0.07 $ 0.04 $ 0.23 $ 0.11