v3.25.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 145,858 $ 96,473
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization expense 88,508 89,647
Amortization of debt discount 6,418 4,615
Stock option expense 56,606 16,494
Loss on forfeited escrow deposit 21,600
Lease costs 165 (179)
Loss (income) from interest rate swap 88,390 (125,603)
Change in operating assets and liabilities:    
Accounts receivable 121,966 (42,908)
Deferred rent receivable (123,146) (88,048)
Lease incentive receivable 6,880 6,880
Prepaid expenses and other assets 40,313 (2,454)
Accounts payable (10,983) 58,025
Accrued expenses (86,037) 128,038
Contract liabilities (4,306) 23,508
Security deposits payable 27,730
NET CASH PROVIDED BY OPERATING ACTIVITIES 330,632 213,818
CASH FLOWS FROM INVESTING ACTIVITIES:    
Lease incentive provided to tenant (450,000) (1,585,878)
Purchases of property and equipment (6,480)
Increase in capitalized project costs (106,050) (56,290)
Investment in cost-method investees (84,110)  
Increase in escrow deposits (8,681) (123,268)
NET CASH USED IN INVESTING ACTIVITIES (648,841) (1,771,916)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net proceeds from note payable 300,000
Repayment of notes payable (7,853) (21,794)
NET CASH PROVIDED BY (USED IN) FINANCING ACTIVITIES 292,147 (21,794)
NET DECREASE IN CASH (26,062) (1,579,892)
CASH, beginning of period 1,019,980 3,099,795
CASH, end of period 993,918 1,519,903
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Interest paid 172,439 154,766
NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Reclassification of capitalized project costs to prepaid expenses and other assets $ 142,312