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Consolidated Balance Sheets - USD ($)
Dec. 31, 2021
Dec. 31, 2020
ASSETS    
Cash $ 25,629,200 $ 2,396,500
Restricted Cash 597,600
Accounts Receivable, net 1,113,500 78,200
Contract Assets, net 2,167,200
Notes Receivable 2,000,000
Prepaid Expense 2,778,100 1,658,000
Real Estate 122,136,100 20,370,300
Property, Plant and Equipment, net 9,199,700 8,176,000
Right of Use Assets 3,429,700 873,800
Deferred Tax Assets 649,000
Deferred Offering Costs 65,100
TOTAL ASSETS 169,700,100 33,617,900
LIABILITIES    
Accounts Payable and Accrued Expenses 10,662,800 2,700,000
Dividends Payable 670,900
Deferred Revenue 44,800 896,300
Equipment Loans 5,268,500 5,595,500
Note Payable D&O Insurance 903,800 741,200
Note Payable PPP 19,300
Finance Leases 543,400 999,400
Construction Loans, net of Debt Discount of $4.4 million and $0.5 million respectively 34,957,100 9,590,100
Construction Loans - Related Parties, net of Debt Discount of $1.1 million and $0.7 million respectively 13,426,600 5,819,700
Right of Use Liabilities 3,484,400 841,700
TOTAL LIABILITIES 69,962,300 27,203,200
COMMITMENTS AND CONTINGENCIES - SEE NOTE 14
STOCKHOLDERS’ EQUITY    
Preferred Stock, No Par 10,000,000 shares authorized and 4,016,955 issued and outstanding at December 31, 2021 and 0 issued and outstanding at December 31, 2020 66,507,500
Common Stock, No Par 50,000,000 shares authorized and 13,155,342 issued and outstanding at December 31, 2021 and 5,636,548 issued and outstanding at December 31, 2020 32,122,700 11,956,900
Additional Paid In Capital 752,700 234,800
Retained Earnings (Accumulated Deficit) 1,646,500 (4,487,100)
Total Stockholders’ Equity 101,029,400 7,704,600
Non-Controlling Interest (1,291,600) (1,289,900)
TOTAL STOCKHOLDERS’ EQUITY 99,737,800 6,414,700
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 169,700,100 $ 33,617,900