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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2023
Dec. 31, 2022
Assets    
Cash $ 4,307,380 $ 26,016,547
Restricted cash 7,451,901 7,499,835
Investments held to maturity 17,033,515
Investments available for sale 5,751,000 4,067,754
Accounts receivable, net 3,747,010 1,811,143
Prepaid expenses and other assets 3,465,269 3,340,342
Property and equipment, net 368,023,204 248,826,853
Right-of-use lease assets 7,423,884 7,562,048
Project development costs 46,891,983 140,138,924
Total assets 447,061,631 456,296,961
Liabilities    
Notes payable, net 202,307,981 171,315,860
Accounts payable and accrued expenses 21,834,713 17,575,683
Warrant liability 404,000 911,000
Financing liability 61,953,243 60,087,907
Derivative liability - interest rate swap 200,000
Operating lease liability 3,425,314 3,413,210
Other liabilities 11,714,574 10,679,704
Total liabilities 302,892,186 265,038,849
Commitments and contingencies (Note 6, 7, and 8)
Stockholders’ equity    
Preferred stock value
Common stock, $0.0001 par value; 300,000,000 shares authorized; 5,674,969 and 5,604,869 shares issued and outstanding at September 30, 2023 and December 31, 2022, respectively 567 560
Additional paid-in capital 341,597,930 339,038,466
Accumulated deficit (196,480,832) (146,898,343)
Total equity attributable to HOFRE 145,117,667 192,140,685
Non-controlling interest (948,222) (882,573)
Total equity 144,169,445 191,258,112
Total liabilities and stockholders’ equity 447,061,631 456,296,961
Series B Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock value
Series C Convertible Preferred Stock    
Stockholders’ equity    
Preferred stock value 2 2
Related Party [Member]    
Liabilities    
Due to affiliate 1,252,361 855,485
Other liabilities $ 1,252,361 $ 855,485