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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (1,233,806) $ (980,383)
Adjustments to reconcile consolidated net loss to net cash flows from operating activities    
Depreciation 911,481 771,560
Amortization 244,867 383,637
Loan cost amortization 26,990 28,118
Mandatorily redeemable preferred stock issuance cost and discount amortization 58,804 53,923
Above (below) market lease amortization, net (73,018) (26,034)
Bad debt expense 27,122 12,783
Share-based compensation   233,100
Impairment of assets held for sale 0 175,671
Loss on impairment 36,743 36,670
Changes in assets and liabilities    
Rent and other receivables, net 84,476 109,000
Unbilled rent (48,899) (14,846)
Other assets 66,796 (128,599)
Accounts payable and accrued liabilities 349,168 38,263
Net cash flows from operating activities 450,724 692,863
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (647,690) (366,059)
Net cash flows from investing activities (647,690) (366,059)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends and distributions paid (178,945) (341,521)
Repayment of mortgages payable (301,577) (192,257)
Proceeds from sales of common stock, net of capitalized offering costs   1,188,574
Repurchases of common stock, including costs and fees   (286,543)
Net cash flows from financing activities (480,522) 368,253
(DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (677,488) 695,057
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 5,662,853 7,383,977
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 4,985,365 $ 8,079,034