v3.25.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (453,902) $ (62,737)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation 126,539 95,073
Imputed interest 44,393 44,832
Cumulative preferred stock dividends payable 12,867 12,938
Amortization of debt discounts 16,588  
Loss on early extinguishment of debt 10,229 63,403
Decrease (increase) in current assets:    
Accounts receivable (9,889) (10,730)
Prepaid expenses 9,007
Security deposits (25,000)
Increase (decrease) in current liabilities:    
Accounts payable 34,376 24,405
Advanced rents received (3,265) (5,350)
Accrued expenses 56,741 25,019
Security deposits payable 96,643 (5,323)
Net cash provided by operating activities (68,680) 165,537
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (476,339) (487,792)
Net cash used in investing activities (476,339) (487,792)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from mortgages payable 697,105 530,000
Repayments on mortgages payable (115,003) (96,511)
Net cash provided by (used in) financing activities 582,102 433,489
NET CHANGE IN CASH 37,083 111,234
CASH AT BEGINNING OF PERIOD 9,799 24,564
CASH AT END OF PERIOD 46,882 135,798
SUPPLEMENTAL INFORMATION:    
Interest paid 603,482 445,243
Income taxes paid
Non-cash investing and financing transactions:    
Acquisition of properties financed with debt $ 1,032,000 $ 1,821,900