v3.25.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
CASH FLOWS USED IN OPERATING ACTIVITIES:            
Net loss   $ (3,347,665) $ (3,002,068) $ (6,303,543) $ (5,294,795)  
Adjustments to reconcile net loss to net cash used in operating activities:            
Loss on investments in Datacom Joint Venture       2,372,646 1,386,435  
Depreciation and amortization       2,104,680 1,574,024  
Asset retirement obligation - accretion expense       48,388 30,297 $ 72,794
Amortization of deferred financing costs       43,387 31,914  
Straight-line rental income       (99,653) (104,204)  
Non-cash lease expense       89,236 49,391  
Above market lease amortization       31,422 31,422  
Below market lease amortization   (62,938) (62,938) (125,875) (125,875)  
Stock-based compensation expense       64,086    
Changes in operating assets and liabilities:            
Tenant and other receivables       (21,176) 10,603  
Due from affiliates       34,962 308,440  
Prepaid and other assets - net       (3,300) (21,034)  
Accounts payable and accrued liabilities       301,218 101,744  
Deferred rental revenue       124,483 (47,407)  
Due to affiliates       1,009,990 171,638  
Lease liabilities - net       (72,806) (40,378)  
Interest expense payable       (14,993) (9,748)  
Performance participation allocation payable       165,100 (1,192,205)  
Net cash provided by (used in) operating activities       (251,748) (3,139,738)  
CASH FLOWS USED IN INVESTING ACTIVITIES:            
Asset acquisitions       (2,218,661) (6,869,028)  
Capital contributions to Datacom Joint Venture         (3,919,192)  
Due from affiliates - Prepaid acquisition costs         2,287,362  
Net cash used in investing activities       (4,580,128) (10,418,424)  
CASH FLOWS FROM FINANCING ACTIVITIES:            
Proceeds from loan payable $ 3,315,795     5,505,795    
Proceeds from issuance of common shares       7,071,143 15,935,836  
Redemptions paid to common shareholders       (8,131,627) (4,528,318)  
Offering costs for issuance of common shares       (252,350) (581,417)  
Deferred offering costs         (852,202)  
Dividends and distributions paid to common shares       (1,816,485) (1,876,690)  
Proceeds from issuance of non-controlling interest - SWIF II OP common units       1,352,500 1,392,500  
Redemptions paid to non-controlling interest - SWIF II OP common units       (582,799) (1,575,221)  
Offering costs for issuance of non-controlling interest - SWIF II OP common units       (26,760) (65,672)  
Dividends and distributions paid to non-controlling interest - SWIF II OP common units       (462,070) (445,102)  
Net cash provided by financing activities       2,657,347 7,403,714  
NET INCREASE (DECREASE) IN CASH       (2,174,529) (6,154,448)  
CASH AND CASH EQUIVALENTS - Beginning of period       2,512,642 14,697,790 14,697,790
CASH AND CASH EQUIVALENTS - End of period 338,113 338,113 8,543,342 338,113 8,543,342 $ 2,512,642
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:            
Cash paid for interest       1,159,928 701,291  
Cash paid for operating leases       162,181 114,677  
NONCASH INVESTING AND FINANCING ACTIVITIES:            
Ground lease right of use assets obtained in exchange for operating lease liabilities       183,639 850,940  
Dividends and distributions reinvested       1,109,276 916,807  
Distributions payable to common shareholders       303,626 468,303  
Offering costs included in due to affiliates         37,393  
Offering costs included in accounts payable and accrued liabilities       1,195,624 25,214  
Receivable from affiliates       54,390 345,020  
Deferred offering costs included in accounts payable and accrued liabilities         116,490  
Addition of asset retirement obligations in relation to acquisitions       136,357 339,804  
Asset acquisition costs included in accounts payable and accrued liabilities         12,953  
Distributions payable to non-controlling interest - SWIF II OP common units       75,640 83,824  
Redemptions payable $ 2,019,553 $ 2,019,553 $ 1,822,181 2,019,553 1,822,181  
Prepaid acquisition costs applied to current period acquisitions       1,043,435 1,656,288  
Prepaid Offering Costs, Reclassified to Additional Paid-in Capital       2,191,615    
Nonrelated Party            
CASH FLOWS USED IN INVESTING ACTIVITIES:            
Prepaid acquisition costs       $ (2,361,467) $ (1,917,566)