XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Rental revenues $ 9,147,449 $ 3,069,547 $ 19,739,260 $ 9,208,642
Preferred return income 240,441 237,123 713,484 706,214
Income from mezzanine loan investment 256,532 252,992 761,039 753,475
Tenant reimbursement income 1,137,744 300,156 2,613,987 1,177,981
Total revenues 10,782,166 3,859,818 23,827,770 11,846,312
Operating expenses (income):        
General and administrative expenses 173,978 29,464 333,486 117,668
Depreciation and amortization 4,903,917 1,629,668 10,390,232 4,889,002
Management fees 740,212 461,891 1,921,679 1,328,016
Property operating expenses 2,870,389 286,322 5,688,124 1,264,516
Total operating expenses 8,688,496 2,407,345 18,333,521 7,599,202
Other income (expense):        
Income/(loss) from investments in real estate-related assets 9,842   (76,208)  
Interest income 1,665 3,042 8,548 55,394
Interest expense (2,699,134) (990,020) (5,672,994) (2,948,724)
Total other income (expense) (2,687,627) (986,978) (5,740,654) (2,893,330)
Net income (loss) (593,957) 465,495 (246,405) 1,353,780
Net income (loss) attributable to non-controlling interest (496,260) 7,626 (992,001) (9,121)
Net income (loss) attributable to common stockholders $ (97,697) $ 457,869 $ 745,596 $ 1,362,901
Weighted average shares outstanding 8,185,243 6,148,092 7,369,463 5,875,372
Net income (loss) per common share - basic and diluted $ (0.01) $ 0.07 $ 0.10 $ 0.23