v3.22.2.2
Consolidated Balance Sheets (Successor Basis) - USD ($)
Jun. 30, 2022
Jun. 30, 2021
Real Estate Assets    
Land $ 32,117,072 $ 9,836,976
Building, fixtures and improvements 64,182,548 19,239,964
Intangible lease assets 2,889,828 484,148
Less: accumulated depreciation and amortization (1,768,130) (595,915)
Total real estate assets, net 97,421,318 28,965,173
Cash 7,400,163 4,305,663
Restricted cash 1,092,816 0
Investments, at fair value 19,748,208 39,909,838
Unconsolidated investment (non-security), at fair value 37,845,036 30,599,405
Investments income, rents and other receivables 1,499,214 1,728,476
Prepaid expenses and other assets 67,625 131,123
Assets held for sale, net 17,490,581 32,913,349
Total assets 182,564,961 138,553,027
Liabilities    
Mortgage notes payable, net 68,370,415 38,693,330
Deferred rent and other liabilities 443,014 196,145
Dividend payable 1,419,913 0
Accounts payable and accrued liabilities 2,938,689 59,512
Stock redemption payable 348,051 0
Below-market lease liabilities, net 1,063,579 838,313
Due to related entities 214,094 1,926
Contingent liability 2,715,000 0
Capital pending acceptance 85,000 0
Liabilities held for sale 744,989 1,400,981
Total liabilities 78,342,744 41,190,207
Equity    
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,253,571.98 and 13,316,426.79 shares issued and outstanding as of June 30, 2022 and 2021, respectively. 1,325 1,332
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 119,416.91 shares issued and outstanding 12 0
Capital in excess of par value 121,961,699 120,408,505
Accumulated deficit (24,108,723) (23,298,857)
Total stockholders' equity 97,854,313 97,110,980
Non-controlling interests 6,367,904 251,840
Total equity 104,222,217 97,362,820
Total liabilities and equity $ 182,564,961 $ 138,553,027