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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Loss $ (4,573,354) $ (4,732,214)
Adjustments to reconcile consolidated net loss to net cash flows from operating activities    
Depreciation 3,683,815 3,381,249
Amortization 890,348 1,325,574
Loan cost amortization 106,882 107,595
Mandatorily redeemable preferred stock issuance cost and discount amortization 243,054 222,881
Above (below) market lease amortization, net (275,107) (226,721)
Bad debt expense 63,282 46,932
Share-based compensation   483,100
Impairment of assets held for sale 0 175,671
Loss on impairment 90,221 36,670
Loss on extinguishment of debt   389,207
Loss on disposal of investment property   421,096
Changes in assets and liabilities    
Rent and other receivables, net 46,534 16,775
Unbilled rent (100,010) (149,831)
Other assets 31,371 (194,173)
Accounts payable and accrued liabilities (103,023) (109,185)
Net cash flows from operating activities 104,013 1,194,626
CASH FLOWS FROM INVESTING ACTIVITIES    
Investment property acquisitions   (10,279,714)
Capital expenditures (1,483,117) (1,019,304)
Cash received from disposal of investment properties   1,979,837
Net cash flows from investing activities (1,483,117) (9,319,181)
CASH FLOWS FROM FINANCING ACTIVITIES    
Dividends and distributions paid (383,665) (1,309,180)
Cash paid for lender fees associated with Clemson Best Western sale   (84,900)
Proceeds from line of credit, short term 1,000,000  
Proceeds from mortgages payable, net   18,477,304
Repayment of mortgages payable (1,085,480) (11,932,137)
Proceeds from sales of common stock, net of capitalized offering costs   1,538,887
Repurchases of common stock, including costs and fees   (286,543)
Retire fractional shares resulting from reverse stock split (4,999)  
Net cash flows from financing activities (474,144) 6,403,431
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,853,248) (1,721,124)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of period 5,662,853 7,383,977
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of period $ 3,809,605 $ 5,662,853