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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net loss $ (5,209,048) $ (4,928,582)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 2,657,048 2,844,784
Amortization of debt issuance costs 71,050 71,053
Stock based compensation expense related to issuance of restricted stock 7,699 6,366
Discontinued operating activities 977,575 778,356
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:    
Other assets 29,820 152,580
Accounts payable and accrued liabilities 105,764 299,127
Due to affiliates 496,858 969,979
Discontinued operating activities (37,625) 734,658
Net cash (used in) provided by operating activities (900,859) 928,321
Cash flows from investing activities:    
Additions to real estate (565,396) (1,717,669)
Discontinued investing activities (193,341) (323,899)
Net cash used in investing activities (758,737) (2,041,568)
Cash flows from financing activities:    
Scheduled principal payments of mortgage loans (861,188) (842,382)
Discontinued financing activities 4,337,561 (300,000)
Net cash provided by (used in) financing activities 3,476,373 (1,142,382)
Net change in cash, cash equivalents, and restricted cash 1,816,777 (2,255,629)
Cash, cash equivalents, and restricted cash, beginning of period 8,288,459 12,544,609
Cash, cash equivalents, and restricted cash, end of period 10,105,236 10,288,980
Supplemental disclosures and non-cash transactions:    
Cash paid for interest 4,748,349 4,460,589
Additions to real estate facilities and construction in process included in accounts payable and accrued liabilities 0 236,062
Distributions payable to preferred unit holders in our Operating Partnership $ 700,424 $ 654,534