Segment Reporting (Tables)

6 Months Ended

Jun. 30, 2026

Segment Reporting

Schedule of Segment Reporting

	Three Months Ended June 30				Six Months Ended June 30,
	2026		2025		2026		2025
Revenue:
Total revenue	$	8,899,581	$	9,172,720	$	14,051,294	$	15,019,694
Operating expenses:
Rooms		1,541,186		1,545,287		2,782,441		2,913,270
Food and beverage		526,797		435,986		884,889		774,378
Other property operating expenses		2,976,063		2,941,912		5,588,111		5,494,973
Property management fees to affiliates		265,989		275,311		419,299		450,973
Other segment expenses (1)		1,526,922		1,567,614		3,038,327		3,176,664
Operating income:		2,062,624		2,406,610		1,338,227		2,209,436
Non-operating expenses:
Interest expense, net		(1,070,069)		(1,001,140)		(2,154,819)		(1,954,494)
Income tax (expense) benefit		(5,000)		7,732		(6,600)		224,619
Segment and consolidated net income (loss)	$	987,555	$	1,413,202	$	(823,192)	$	479,561

(1) Other segment expenses include corporate general and administrative, other fees to affiliates and depreciation and amortization.