OTHER BALANCE SHEET DETAILS (Tables)

3 Months Ended

Mar. 31, 2024

Payables and Accruals [Abstract]

Schedule of Supplemental Detail Disclosures for Consolidated Balance Sheet

As of March 31, 2024 and December 31, 2023, tenant deferred rent and other receivables consisted of the following:

	March 31, 2024		December 31, 2023
Straight-line rent	$	14,161,661	$	12,474,137
Tenant rent and billed reimbursements	276,981		107,635
Unbilled tenant reimbursements	119,305		212,796
Total	$	14,557,947	$	12,794,568

As of March 31, 2024 and December 31, 2023, prepaid expenses and other assets were comprised of the following:

	March 31, 2024		December 31, 2023
Prepaid expenses and other receivables and assets	$	2,300,986	$	1,897,285
Construction advances (1)	1,352,355		1,352,355
Investment in GIPR common stock (2)	656,631		—
Deferred financing costs on credit facility revolver	656,989		748,662
Deferred tenant allowance	154,082		174,919
Total	$	5,121,043	$	4,173,221

(1)    The balance as of March 31, 2024 and December 31, 2023 represents advances for improvements to be made to the Lindsay property in Franklinton, North Carolina.

(2)    During April 2024, the Company sold 102,446 shares of GIPR Common Stock for aggregate net proceeds of $389,807.

As of March 31, 2024 and December 31, 2023, accounts payable, accrued and other liabilities were comprised of the following:

	March 31, 2024		December 31, 2023
Accounts payable	$	578,894	$	562,647
Accrued expenses	855,425		1,202,115
Accrued interest payable	357,547		358,777
Unearned rent	1,428,474		2,076,300
Security deposits	469,409		82,981
Lease incentive obligation	162,065		186,688
Total	$	3,851,814	$	4,469,508