v3.25.2
SCHEDULE OF MORTGAGE LOAN DEBT (Details) - Mortgage Loans [Member]
Jun. 30, 2025
USD ($)
Integer
Dec. 31, 2024
USD ($)
Short-Term Debt [Line Items]    
Number of Properties | Integer 12  
Total Face Amount $ 34,678,439  
Total Principal Outstanding $ 29,242,841 $ 29,828,747
ARKANSAS    
Short-Term Debt [Line Items]    
Number of Properties | Integer [1] 1  
Total Face Amount [1] $ 5,000,000  
Total Principal Outstanding [1] $ 3,658,239 3,742,822
GEORGIA    
Short-Term Debt [Line Items]    
Number of Properties | Integer [2] 4  
Total Face Amount [2] $ 13,497,114  
Total Principal Outstanding [2] $ 11,125,332 11,403,295
OHIO    
Short-Term Debt [Line Items]    
Number of Properties | Integer [3] 1  
Total Face Amount [3] $ 3,000,000  
Total Principal Outstanding [3] $ 2,484,756 2,517,400
OKLAHOMA    
Short-Term Debt [Line Items]    
Number of Properties | Integer [4] 6  
Total Face Amount [4] $ 13,181,325  
Total Principal Outstanding [4] $ 11,974,514 $ 12,165,230
[1] The mortgage loan collateralized by this property is 80% guaranteed by the USDA and requires an annual renewal fee payable in the amount of 0.25% of the USDA guaranteed portion of the outstanding principal balance as of December 31 of each year. Guarantors under the mortgage loan include Christopher Brogdon. Mr. Brogdon has assumed operations of the facility and is making payments of principal and interest on the loan on our behalf in lieu of paying rent on the facility to us, until a formal lease can be put in place. During the six months ended June 30, 2025 and year ended December 31, 2024, the Company recognized other income of $43,103 and $119,854, respectively for repayments on the loan.
[2] The Company refinanced two of its mortgages that would have matured in June and October of 2021 amounting to $2,961,167 and $3,289,595, to extend their maturity dates to May 2024 for both. The Company is currently negotiating a refinance for both loans and have received a 120 day forbearances on both which expired on May 31, 2025. The Company also refinanced a mortgage associated with one of the Georgia properties that would have matured in June of 2019 amounting to $3,768,600 and extend its maturity date to July 2049.
[3] The Company refinanced its mortgage that would have matured in May of 2022 amounting to $3,000,000 and extend its maturity date to October 2027.
[4] The Company refinanced all three mortgages in July 2021, that would have matured in June and July of 2021 amounting to $2,065,969 and $750,000, $500,000, to extend their maturity dates to June 2027 for all three. Additionally, the Company has refinanced the primary mortgage at the Southern Hills Campus, for 35 years at 2.38% with a maturity date of October 1, 2056.