Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2021

Summary of Significant Accounting Policies

Schedule of estimated useful lives of fixed assets

Building	39 years
Improvements	7-15 years
Furniture, fixtures and equipment	3-7 years

Schedule of EPS

	Year Ended December 31,
	2021		2020
Net income (loss) attributable to common stockholders	$	2,592,193	$	(3,826,605)
Less: Class K Common Stock dividends declared and accumulated		2,670,747		2,221,403
Less: Class K-I Common Stock dividends declared and accumulated		756,291		421,761
Less: Class K-T Common Stock dividends declared and accumulated		38,663		32,247
Less: Class A Common Stock dividends declared and accumulated		405,468		362,825
Undistributed net loss	$	(1,278,976)	$	(6,864,841)
Class K Common Stock:
Undistributed loss	$	(862,892)	$	(4,882,213)
Class K Common Stock dividends declared and accumulated		2,670,747		2,221,403
Net income (loss)	$	1,807,855	$	(2,660,810)
Net income (loss) per common share, basic and diluted	$	0.47	$	(0.81)
Weighted average number of common shares outstanding, basic and diluted		3,815,288		3,281,469
Class K-I Common Stock:
Undistributed net loss	$	(244,344)	$	(926,056)
Class K-I Common Stock dividends declared and accumulated		756,291		421,761
Net income (loss)	$	511,947	$	(504,295)
Net income (loss) per common share, basic and diluted	$	0.47	$	(0.81)
Weighted average number of common shares outstanding, basic and diluted		1,080,372		622,428
Class K-T Common Stock:
Undistributed net loss	$	(12,491)	$	(71,030)
Class K-T Common Stock dividends declared and accumulated		38,663		32,247
Net income (loss)	$	26,172	$	(38,783)
Net income (loss) per common share, basic and diluted	$	0.47	$	(0.81)
Weighted average number of common shares outstanding, basic and diluted		55,231		47,741
Class A Common Stock:
Undistributed net loss	$	(130,978)	$	(799,565)
Class A Common Stock dividends declared and accumulated		405,468		362,825
Net income (loss)	$	274,490	$	(436,740)
Net income (loss) per common share, basic and diluted	$	0.47	$	(0.81)
Weighted average number of common shares outstanding, basic and diluted		579,119		537,410
Class B Common Stock:
Undistributed net loss	$	(28,271)	$	(185,977)
Net loss per common share, basic and diluted	$	(0.23)	$	(1.49)
Weighted average number of common shares outstanding, basic and diluted		125,000		125,000