v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Cash Flows From Operating Activities:        
Net loss $ (308,027) $ 794,344 $ (963,996) $ (240,376)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:        
Depreciation and amortization     725,762 833,129
Amortization of deferred loan costs and debt discount     8,368 95,882
Provision for credit losses 136,348 99,721 235,956 200,236
Gain on sale of an asset (2,112,143) (2,112,143)
Changes in operating assets and liabilities:        
Accounts and rents receivable     (661,404) (296,773)
Prepaid expenses and other assets     (168,397) 647,416
Accounts payable and accrued liabilities     1,375,843 676,806
Lease security deposits     5,900 22,400
Other current liabilities     400,000
Cash provided by (used) in operating activities     958,032 (173,423)
Cash flows from investing activities:        
Sale of land and building     2,484,800
Cash paid for property and equipment     (382,755) (26,862)
Cash (used in) provided by investing activities     (382,755) 2,457,938
Cash Flows from financing activities:        
Proceeds from debt, non-related party     50,000
Payments on debt, non-related party     (593,863) (815,297)
Proceeds from line of credit     13,258 250,000
Payment on line of credit     (104,715)
Cash used in financing activities     (635,320) (565,927)
Net (decrease) increase in cash, cash equivalents and restricted cash     (60,043) 1,718,588
Cash, cash equivalents and restricted cash at beginning of the period     1,391,966 2,304,723
Cash, cash equivalents and restricted cash at end of the period 1,331,923 4,023,311 1,331,923 4,023,311
Supplemental Disclosure of Cash Flow Information        
Cash paid for interest     844,770 1,083,056
Cash and cash equivalents 559,983 3,220,581 559,983 3,220,581
Restricted cash 771,940 802,730 771,940 802,730
Total Cash, Cash Equivalents and Restricted Cash $ 1,331,923 $ 4,023,311 1,331,923 4,023,311
Supplemental Schedule of Non-Cash Investing and Financing Activities        
Dividends declared on Series D Preferred Stock     22,500 15,000
Assumption of debt related party from a non-related party     25,000
Payoff of secured fixed rate mortgage loan     3,736,029
Financing of insurance premiums     $ 58,256