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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net loss $ (5,333,785) $ (910,030)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 2,295,116 136,208
Amortization of debt issuance costs 587,688  
Interest payments added to debt principal   51,297
Stock based compensation expense related to issuance of restricted stock 12,912  
Unrealized foreign currency adjustment 163,835 23,329
Changes in operating assets and liabilities:    
Other assets, net (217,628) 9,263
Accounts payable and accrued liabilities 750,254 82,599
Due to affiliates (194,024) (554,610)
Net cash used in operating activities (1,935,632) (1,161,944)
Cash flows from investing activities:    
Purchase of real estate (107,891,695) (7,904,327)
Additions to real estate facilities (293,960) (9,238)
Deposits on acquisitions of real estate facilities (160,000) (326,951)
Investments in unconsolidated real estate ventures (259,972) (88,446)
Net cash used in investing activities (108,605,627) (8,328,962)
Cash flows from financing activities:    
Proceeds from issuance of secured debt 88,637,702  
Repayment of secured debt (30,608,851)  
Prepaid debt issuance costs   (84,769)
Debt issuance costs (1,100,911)  
Gross proceeds from issuance of common stock 67,831,027 18,236,810
Offering costs (6,193,648) (2,592,354)
Distributions paid to common stockholders (1,279,865) (24,770)
Distributions paid to noncontrolling interest in our Operating Partnership (146,383) (45,941)
Net cash provided by financing activities 117,139,071 15,488,976
Net change in cash, cash equivalents and restricted cash 6,597,812 5,998,070
Cash, cash equivalents and restricted cash, beginning of year 4,580,759  
Cash, cash equivalents and restricted cash, end of period 11,178,571 5,998,070
Supplemental disclosures and non-cash transactions:    
Cash paid for interest 839,672  
Deposits applied to purchase of real estate   200,000
Real estate assumed in consolidation of Operating Partnership   16,284,439
Investment in unconsolidated real estate venture assumed in consolidation of Operating Partnership   3,711,918
Debt assumed in consolidation of Operating Partnership   14,237,599
Non controlling interest assumed in connection with consolidation of Operating Partnership   4,574,294
Distribution payable to noncontrolling interest in our Operating Partnership assumed in consolidation of Operating Partnership   22,594
Accounts payable, accrued liabilities and due to affiliate assumed in consolidation of Operating Partnership   1,318,303
Proceeds from issuance of common stock in accounts payable and accrued liabilities (1,124,000) (680,000)
Offering costs included in accounts payable and accrued liabilities 466,781 368,366
Issuance of shares pursuant to distribution reinvestment plan 889,649 25,330
Distributions payable to common stockholders 561,217 65,952
Distributions payable to noncontrolling interests in our Operating Partnership $ 27,134 $ 22,594