v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS        
REVENUES - Rental revenues $ 1,091,139 $ 920,512 $ 2,152,423 $ 1,829,932
Total revenues 1,091,139 920,512 2,152,423 1,829,932
EXPENSES:        
Property operating expenses 214,124 110,529 395,769 253,377
General and administrative 1,175,494 1,488,033 1,430,504 2,610,699
Asset management fees 365,855 386,443 733,342 740,901
Depreciation and amortization 1,019,087 828,392 2,104,680 1,574,024
Accretion expense 24,679 16,854 48,388 30,297
Performance participation allocation     165,100  
Total expenses 2,799,239 2,830,251 4,877,783 5,209,298
OTHER INCOME (LOSS):        
Interest expense (709,060) (361,546) (1,209,833) (723,457)
Interest income 2,525 71,818 4,296 194,463
Total other loss (706,535) (289,728) (1,205,537) (528,994)
LOSS ON INVESTMENT IN DATACOM JOINT VENTURE (933,030) (802,601) (2,372,646) (1,386,435)
Net loss (3,347,665) (3,002,068) (6,303,543) (5,294,795)
Net Loss Allocated to Non-controlling Interest - SWIF II OP units (511,744) (435,551) (955,123) (761,277)
Net Loss Attributable to Controlling Interest shareholders $ (2,835,921) $ (2,566,517) $ (5,348,420) $ (4,533,518)
Basic loss per class A, AX, I, IX and T shares (in dollars per share) $ (0.28) $ (0.25) $ (0.53) $ (0.44)
Diluted loss per class A, AX, I, IX and T shares (in dollars per share) $ (0.28) $ (0.25) $ (0.53) $ (0.44)
Basic weighted average class A, AX, I, IX and T shares outstanding (in shares) 10,141,515 10,295,751 10,141,515 10,295,751
Diluted weighted average class A, AX, I, IX and T shares outstanding (in shares) 10,141,515 10,295,751 10,141,515 10,295,751