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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ 798,236 $ (479,338)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 2,655,418 2,797,143
Stock compensation 568,701 582,199
Bad debt expense 13,416 0
Gain on sale of real estate assets, net (2,750,269) (1,433,014)
Gain on extinguishment of government debt 0 (10,000)
Net change in fair value marketable securities 156,891 19,785
Impairment of real estate assets 0 300,000
Amortization of financing costs 125,850 371,201
Amortization of above-market leases 0 36,055
Amortization of below-market leases (27,445) (34,450)
Straight-line rent adjustment (46,305) (170,554)
Changes in operating assets and liabilities:    
Other assets 317,942 246,728
Accounts payable and accrued liabilities (1,284,696) (938,461)
Accrued real estate taxes (987,636) (1,607,985)
Net cash used in operating activities (459,897) (320,691)
Cash flows from investing activities:    
Real estate acquisitions (4,646,330) (2,851,800)
Additions to buildings and tenant improvements (832,990) (332,508)
Investment in marketable securities (661,247) (756,178)
Proceeds from sale of marketable securities 1,111,608 63,456
Investment of SPAC IPO proceeds into Trust Account (134,895,000) 0
Additions to deferred leasing costs (35,864) (73,491)
Proceeds from sales of real estate, net 18,839,913 44,335,436
Net cash provided by (used in) investing activities (121,119,910) 40,384,915
Cash flows from financing activities:    
Proceeds from mortgage notes payable, net of issuance costs 12,590,235 8,003,807
Repayment of mortgage notes payable (7,361,659) (38,077,499)
Repayment of note payable 0 (7,675,598)
Payment of deferred offering costs (3,201,266) (214,982)
Distributions to noncontrolling interests, net (2,614,352) (2,779,096)
Proceeds from initial public offering of SPAC 132,250,000 0
Issuance of Preferred Stock Series D, net of offering costs 0 20,489,803
Repurchase of common stock, at cost (30,729) 0
Dividends paid to preferred stockholders (1,078,112) 0
Dividends paid to common stockholders (2,609,454) (2,008,184)
Net cash provided by (used in) financing activities 127,944,663 (22,261,749)
Net increase (decrease) in cash equivalents and restricted cash 6,364,856 17,802,475
Cash, cash equivalents and restricted cash - beginning of period 14,702,089 11,540,917
Cash, cash equivalents and restricted cash - end of period 21,066,945 29,343,392
Non-cash financing activities:    
Unpaid deferred financing costs 0 35,000
Deferred offering cost SPAC, underwriting commission payable 4,628,750 0
Dividends payable - Preferred Stock Series D 179,685 95,836
Mortgage Notes [Member]    
Supplemental disclosure of cash flow information:    
Interest paid 1,971,942 2,400,367
Notes Payable [Member]    
Supplemental disclosure of cash flow information:    
Interest paid $ 0 $ 103,861