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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (6,434,800) $ (1,783,966)
Adjustments to reconcile net loss to cash used in operating activities:    
Depreciation and amortization 2,811,065 757,545
Amortization of debt issuance costs 208,543 83,647
Stock based compensation expense related to issuance of restricted stock 4,842  
Accretion of preferred equity costs 15,848  
Unrealized foreign currency adjustment 468,154 (149,278)
Changes in operating assets and liabilities:    
Other assets, net (18,324) (208,781)
Accounts payable and accrued liabilities (439,667) 498,532
Due to affiliates 1,727,150 89,354
Net cash used in operating activities (1,657,189) (712,947)
Cash flows from investing activities:    
Purchase of real estate facilities (51,910,735) (39,241,028)
Additions to real estate facilities (919,043) (108,099)
Investments in unconsolidated real estate ventures (2,264,568) (177,946)
Net cash used in investing activities (55,094,346) (39,527,073)
Cash flows from financing activities:    
Proceeds from issuance of secured debt 33,677,500  
Scheduled principal payments of secured debt (122,018)  
Prepaid debt issuance costs (36,770)  
Debt issuance costs (88,319)  
Gross proceeds from issuance of common stock 11,006,130 52,344,661
Offering costs (1,086,148) (4,584,234)
Proceeds from issuance of preferred equity in our Operating Partnership 15,000,000  
Preferred equity issuance costs (189,920)  
Distributions paid to common stockholders (1,396,733) (404,558)
Distributions paid to noncontrolling interest in our Operating Partnership (84,089) (67,845)
Distributions paid to preferred unitholders in our Operating Partnership (87,500)  
Net cash provided by financing activities 56,592,133 47,288,024
Impact of foreign exchange rate changes on cash and restricted cash (683,798)  
Net change in cash, cash equivalents and restricted cash (843,200) 7,048,004
Cash, cash equivalents and restricted cash, beginning of period 7,791,544 4,580,759
Cash, cash equivalents and restricted cash, end of period 6,948,344 11,628,763
Supplemental disclosures and non-cash transactions:    
Cash paid for interest 2,249,913 369,541
Real estate facilities in due to affiliates 2,198,424 1,200,000
Investments in unconsolidated real estate ventures in due to affiliates 382,819  
Debt issuance costs in due to affiliates 150,000  
Debt issuance costs in accounts payable and accrued liabilities 10,888  
Proceeds from issuance of common stock in accounts payable and accrued liabilities (120,000) (85,000)
Offering costs included in accounts payable and accrued liabilities 216,738 263,795
Interest rate swap contract in accounts payable and accrued expenses 31,489  
Foreign currency translation adjustment 437,759  
Issuance of shares pursuant to distribution reinvestment plan 974,931 268,630
Distributions payable to common stockholders 857,816 421,192
Distributions payable to noncontrolling interests in our Operating Partnership 28,964 $ 23,365
Real estate and construction in process in accounts payable and accrued liabilities 4,529  
Deposits applied to acquisition of real estate 220,000  
Distributions payable to Preferred unitholders $ 90,417