Equity (Tables)

6 Months Ended

Jun. 30, 2022

Equity [Abstract]

Schedule of Warrants Issued and Outstanding with Exercise Price

The Company has 1,541,470 warrants outstanding and exercisable as of June 30, 2022, subject to certain circumstances, and which will expire five to seven years from the date of issuance, as follows.

	As of June 30,
Issue Date	2022
April 25, 2019 at an exercise price of $20.00		50,000
November 13, 2020 at an exercise price of $20.00		50,000
September 8, 2021 at an exercise price of $10.00		1,126,620
September 8, 2021 at an exercise price of $12.50		135,000
September 30, 2021 at an exercise price of $10.00		165,000
September 30, 2021 at an exercise price of $12.50		14,850
		1,541,470

The following is a summary of warrants outstanding as of June 30, 2022 and December 31, 2021:

	Warrants			Weighted Average Price		Weighted Average Remaining Life
As of December 31, 2021		1,914,850		$	10.72		4.7
Issuances		-			-		-
Exercised		(373,380	)		10.00		-
As of June 30, 2022		1,541,470		$	10.89		4.2
Warrants exercisable	$	1,541,470		$	10.89		4.2

Schedule of Restricted Common Shares Issued

The following is a summary of restricted shares for the six months ended June 30, 2022 and 2021:

	2022			2021
Number of Shares Outstanding		23,167			14,582
Restricted Shares Issued		47,499			14,000
Restricted Shares Vested		(10,500	)		(3,749	)
Number of Shares Outstanding		60,166			24,833

Schedule of Cash Distributions

The following is a summary of distributions to common shareholders and Operating Partnership unit holders for the six months ended June 30, 2022 and 2021:

Authorized Date	Record Date	Per Share/Unit
June 27, 2022	September 15, 2022	$	0.054
June 27, 2022	August 15, 2022	$	0.054
June 27, 2022	July 15, 2022	$	0.054
March 15, 2022	June 15, 2022	$	0.054
March 15, 2022	May 15, 2022	$	0.054
March 15, 2022	April 15, 2022	$	0.054
December 10, 2021	March 15, 2022	$	0.054
December 10, 2021	February 15, 2022	$	0.054
December 10, 2021	January 15, 2022	$	0.054
February 26, 2021	March 15, 2021	$	0.325

* Through June 2022, the Company's CEO waived his right to receive distributions with respect to the shares held by him as of the completion of the Public Offering.