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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities:    
Net loss $ (1,042,092) $ (2,222,663)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation 1,362,934 1,322,000
Amortization of debt issuance costs 35,526 35,525
Stock based compensation expense related to issuance of restricted stock 3,900 3,900
Discontinued operating activities   402,187
Increase (decrease) in cash, cash equivalents, and restricted cash from changes in assets and liabilities:    
Other assets 81,519 (15,446)
Accounts payable and accrued liabilities 291,074 198,336
Due to affiliates 152,744 678,838
Discontinued operating activities - changes in assets and liabilities   113,750
Net cash provided by operating activities 885,605 516,427
Cash flows from investing activities:    
Additions to real estate (397,189) (272,483)
Discontinued investing activities   (59,180)
Net cash used in investing activities (397,189) (331,663)
Cash flows from financing activities:    
Scheduled principal payments of mortgage loans (471,311) (435,073)
Discontinued financing activities   (319,866)
Net cash used in financing activities (471,311) (754,939)
Net change in cash, cash equivalents, and restricted cash 17,105 (570,175)
Cash, cash equivalents, and restricted cash, beginning of period 11,976,151 8,288,459
Cash, cash equivalents, and restricted cash, end of period 11,993,256 7,718,284
Supplemental disclosures and non-cash transactions:    
Cash paid for interest - continuing and discontinued operations 1,290,900 2,252,820
Debt issuance costs in accounts payable and accrued liabilities   48,736
Distributions payable to preferred unit holders in our Operating Partnership $ 364,653 $ 347,582