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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenue        
Total Revenue $ 9,584,802 $ 8,928,814 $ 19,077,208 $ 18,534,485
Expenses        
Property Taxes, Insurance and Other Operating 7,416,442 7,425,852 14,917,651 15,935,123
General and Administrative 2,423,021 2,172,238 4,586,367 4,377,084
Provision for Bad Debts 99,721 474,955 200,236 898,135
Depreciation and Amortization 409,530 438,848 833,129 877,578
Total Expenses 10,348,714 10,511,893 20,537,383 22,087,920
(Loss) Income from Operations (763,912) (1,583,079) (1,460,175) (3,553,435)
Other Income (Expense)        
Amortization of Debt Discount (8,125) (25,358)
Interest Expense, net (577,584) (567,413) (1,190,681) (1,085,712)
Income from Employee Retention Credits 6,350,533
Gain on Sale of an Asset 2,112,143 2,112,143
Other Income 31,822 49,724 323,695 213,022
Total Other Income (Expense) 1,558,256 (517,689) 1,219,799 5,477,843
Net Income (Loss) 794,344 (2,100,768) (240,376) 1,924,408
Series D Preferred Dividends (7,500) (7,500) (15,000) (15,000)
Net Income (Loss) Attributable to Common Stockholders $ 786,844 $ (2,108,268) $ (255,376) $ 1,909,408
Per Share Data:        
Net Income (Loss) per Share Attributable to Common Stockholders, basic $ 0.26 $ (0.69) $ (0.08) $ 0.63
Net Income (Loss) per Share Attributable to Common Stockholders, diluted $ 0.26 $ (0.69) $ (0.08) $ 0.63
Weighted Average Common Shares Outstanding, basic 3,067,059 3,054,587 3,067,059 3,054,587
Weighted Average Common Shares Outstanding, diluted 3,067,059 3,054,587 3,067,059 3,054,587
Rental [Member]        
Revenue        
Total Revenue $ 161,026 $ 158,927 $ 321,352 $ 316,716
Health Care [Member]        
Revenue        
Total Revenue 9,423,776 7,979,067 18,755,856 16,607,016
Healthcare Grant [Member]        
Revenue        
Total Revenue $ 790,820 $ 1,610,753