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Consolidated and Combined Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental income $ 4,640,403 $ 1,856,428 $ 8,941,174 $ 3,348,814
Tenant reimbursements 652,748 273,229 1,254,094 510,085
Fee and other income 311,786 276,325 607,305 563,251
Total revenues 5,604,937 2,405,982 10,802,573 4,422,150
Operating expenses:        
Real estate taxes 696,865 288,771 1,338,809 538,560
Property operating expenses 394,434 248,586 801,482 500,292
General and administrative 1,916,905 968,032 4,218,448 1,344,923
Depreciation and amortization 2,161,782 767,772 4,196,650 1,248,215
Total operating expenses 5,169,986 2,273,161 10,555,389 3,631,990
Income from operations 434,951 132,821 247,184 790,160
Interest expense, net:        
Contractual interest expense (544,915) (228,040) (1,273,141) (586,507)
Write-off and amortization of deferred financing fees (115,399) (1,854) (219,861) (5,035)
Loss on early extinguishment of predecessor debt (185,586) (185,586)
Interest income 661 1,124 1,487 2,258
Total interest expense, net (659,653) (414,356) (1,491,515) (774,870)
(Loss) income before income tax expense (224,702) (281,535) (1,244,331) 15,290
Income tax expense (4,925) (6,259) (15,122) (46,008)
Net loss (229,627) (287,794) (1,259,453) (30,718)
Net income attributable to non-controlling interest in properties (1,493) (4,336)
Net income attributable to Predecessor (209,181) (463,414)
Net loss attributable to Operating Partnership unitholders' non-controlling interests 79,077 106,672 431,148 106,672
Net loss attributable to common stockholders $ (150,550) $ (391,796) $ (828,305) $ (391,796)
Net loss per share:        
Basic and Diluted $ (0.05) $ (0.08) $ (0.19) $ (0.08)
Weighted average common shares outstanding:        
Basic and Diluted 5,205,153 [1] 5,164,264 5,189,900 5,164,264
[1] The combined statements of operations prior to May 17, 2019 represents the activity of the Predecessor and EPS was not applicable.