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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Land $ 19,763,455 $ 19,189,386
Buildings and improvements 129,597,365 125,979,374
Tenant improvements 14,273,012 13,861,839
Lease intangibles 4,110,139 4,110,139
Real estate assets and lease intangibles held for investment, cost 167,743,971 163,140,738
Accumulated depreciation and amortization (35,757,830) (34,644,511)
Real estate assets and lease intangibles held for investment, net 131,986,141 128,496,227
Real estate assets held for sale, net 1,884,935 2,016,003
Real estate assets, net 133,871,076 130,512,230
Other assets:    
Cash, cash equivalents and restricted cash 11,891,930 16,516,725
Deferred leasing costs, net 1,528,338 1,516,835
Goodwill 2,423,000 2,423,000
Other assets, net (see Note 6) 3,601,246 3,511,681
Total other assets 19,444,514 23,968,241
Investments held in Trust (see Notes 2 & 9) 23,658,838 136,871,183
TOTAL ASSETS 176,974,428 291,351,654
Liabilities:    
Mortgage notes payable, net 98,240,332 95,899,176
Mortgage notes payable related to properties held for sale, net 1,309,228 999,523
Mortgage notes payable, total net 99,549,560 96,898,699
Accounts payable and accrued liabilities 3,353,449 4,028,564
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9) 6,586,458 5,046,725
Accrued real estate taxes 1,133,336 1,879,875
Dividends payable preferred stock 178,435 178,511
Lease liability, net 39,360 46,833
Below-market leases, net 16,997 18,240
Total liabilities 110,857,595 108,097,447
Commitments and contingencies (Note 2 & 9):
Equity:    
Additional paid-in capital 180,766,097 182,044,157
Dividends and accumulated losses (140,160,393) (138,341,750)
Total stockholders' equity before noncontrolling interest 40,733,193 43,829,626
Noncontrolling interest 8,881,885 9,013,446
Total equity 49,615,078 52,843,072
TOTAL LIABILITIES AND EQUITY 176,974,428 291,351,654
Common Class A [Member]    
Equity:    
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,835,264 shares and 11,807,893 shares were issued and outstanding at March 31, 2023 and December 31, 2022, respectively 118,353 118,079
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]    
Liabilities:    
SPAC Class A common stock subject to possible redemption; 2,187,728 as of March 31, 2023 and 13,225,000 shares as of December 31, 2022 (at $10.45 per share), net of issuance cost of approximately $6,400,000 16,501,755 130,411,135
Series D Preferred Stock [Member]    
Equity:    
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 913,601 shares issued and outstanding (liquidation preference $25.00 per share) as of March 31, 2023 and 913,987 shares issued and outstanding as of December 31, 2022 $ 9,136 $ 9,140