SEGMENT REPORTING - Segment results (Details) - USD ($) |
3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2025 |
Jun. 30, 2024 |
Jun. 30, 2025 |
Jun. 30, 2024 |
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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 |
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) |
Equity method loss on investments | (933,030) | (802,601) | (2,372,646) | (1,386,435) |
Depreciation and amortization | (1,019,087) | (828,392) | (2,104,680) | (1,574,024) |
Accretion expense | (24,679) | (16,854) | (48,388) | (30,297) |
Asset management fees | (365,855) | (386,443) | (733,342) | (740,901) |
Interest income | 2,525 | 71,818 | 4,296 | 194,463 |
Performance participation allocation | (165,100) | |||
NET LOSS | (3,347,665) | (3,002,068) | (6,303,543) | (5,294,795) |
Operating segments | ||||
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 | 22,551 | 41,895 | 41,290 | 53,950 |
Total expenses | 236,675 | 152,424 | 437,059 | 307,327 |
OTHER INCOME (LOSS): | ||||
Interest expense | (709,060) | (361,546) | (1,209,833) | (723,457) |
Equity method loss on investments | (933,030) | (802,601) | (2,372,646) | (1,386,435) |
NET LOSS | (787,626) | (396,059) | (1,867,115) | (587,287) |
Operating segments | Cell Tower | ||||
Revenues: | ||||
Rental revenues | 466,643 | 275,429 | 903,394 | 550,915 |
Total revenues | 466,643 | 275,429 | 903,394 | 550,915 |
EXPENSES: | ||||
Property operating expenses | 158,656 | 50,669 | 270,704 | 143,718 |
General and administrative | 21,866 | 23,504 | 38,577 | 34,724 |
Total expenses | 180,522 | 74,173 | 309,281 | 178,442 |
OTHER INCOME (LOSS): | ||||
Interest expense | (320,355) | (565,295) | ||
NET LOSS | (34,234) | 201,256 | 28,818 | 372,473 |
Operating segments | Data Center | ||||
Revenues: | ||||
Rental revenues | 624,496 | 645,083 | 1,249,029 | 1,279,017 |
Total revenues | 624,496 | 645,083 | 1,249,029 | 1,279,017 |
EXPENSES: | ||||
Property operating expenses | 55,468 | 59,860 | 125,065 | 109,659 |
General and administrative | 685 | 1,495 | 2,713 | 2,330 |
Total expenses | 56,153 | 61,355 | 127,778 | 111,989 |
OTHER INCOME (LOSS): | ||||
Interest expense | (388,705) | (361,546) | (644,538) | (723,457) |
NET LOSS | 179,638 | 222,182 | 476,713 | 443,571 |
Operating segments | Joint Venture | ||||
EXPENSES: | ||||
General and administrative | 16,896 | 16,896 | ||
Total expenses | 16,896 | 16,896 | ||
OTHER INCOME (LOSS): | ||||
Equity method loss on investments | (933,030) | (802,601) | (2,372,646) | (1,386,435) |
NET LOSS | (933,030) | (819,497) | (2,372,646) | (1,403,331) |
Corporate non-segment | ||||
EXPENSES: | ||||
General and administrative | (1,152,943) | (1,446,138) | (1,389,214) | (2,556,749) |
OTHER INCOME (LOSS): | ||||
Depreciation and amortization | (1,019,087) | (828,392) | (2,104,680) | (1,574,024) |
Accretion expense | (24,679) | (16,854) | (48,388) | (30,297) |
Asset management fees | (365,855) | (386,443) | (733,342) | (740,901) |
Interest income | $ 2,525 | $ 71,818 | 4,296 | $ 194,463 |
Performance participation allocation | $ (165,100) |
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- Definition Fees paid during the period for providing asset management services. No definition available.
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- Definition Amount of performance participation allocation paid to advisors. No definition available.
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- Definition Amount recognized for the passage of time, typically for liabilities, that have been discounted to their net present values. Excludes accretion associated with asset retirement obligations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) for proportionate share of equity method investee's income (loss). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest expense classified as nonoperating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount before accretion (amortization) of purchase discount (premium) of interest income on nonoperating securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of lease income from operating, direct financing, and sales-type leases. Includes, but is not limited to, variable lease payments, interest income, profit (loss) recognized at commencement, and lease payments paid and payable to lessor. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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