v3.25.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income Statement [Abstract]        
Rental revenue $ 576,427 $ 531,081 $ 959,939 $ 1,050,059
Operating expenses:        
General and administrative 98,716 42,409 157,989 95,972
Salaries and benefits 19,075 19,600 34,675 34,000
Utilities 12,157 3,702 21,433 18,548
Professional fees 37,567 49,583 72,791 74,300
Property taxes 73,960 55,182 120,560 99,542
Repairs and maintenance 47,990 35,672 155,982 105,788
Depreciation 64,794 54,993 126,539 95,073
Total operating expenses 354,259 261,141 689,969 523,223
Net operating income 222,168 269,940 269,970 526,836
Other income (expense):        
Consulting Income 13,100   13,100  
Interest income 249 356
Interest expense (362,380) (265,337) (716,222) (513,232)
Dividends expense (6,469) (6,469) (12,867) (12,938)
Loss on early extinguishment of debt (55,656) (10,229) (63,403)
Other Income 1,990   1,990  
Total other income (expense) (353,510) (327,462) (723,872) (589,573)
Net loss $ (131,342) $ (57,522) $ (453,902) $ (62,737)
Weighted average common shares outstanding - basic 26,237,125 26,237,125 26,237,125 26,237,125
Weighted average common shares outstanding - diluted 26,237,125 26,237,125 26,237,125 26,237,125
Net loss per common share - basic $ (0.005) $ (0.002) $ (0.017) $ (0.002)
Net loss per common share - diluted $ (0.005) $ (0.002) $ (0.017) $ (0.002)