v3.26.1
INVESTMENTS IN PROPERTIES - NET
12 Months Ended
Dec. 31, 2025
INVESTMENTS IN PROPERTIES - NET  
INVESTMENTS IN PROPERTIES - NET

3.

INVESTMENTS IN PROPERTIES – NET

Investments in Properties – net, not considered discontinued operations, consists of the following as of December 31, 2025 and 2024:

December 31, 2025

  ​ ​ ​

December 31, 2024

Land

$

3,745,449

$

3,745,449

Building

 

22,871,656

 

22,871,656

Site improvements

 

1,615,557

 

1,615,557

Total property and equipment

 

28,232,662

 

28,232,662

Less accumulated depreciation

 

(1,963,346)

 

(1,260,848)

Total property and equipment - net

$

26,269,316

$

26,971,814

Depreciation expense was $702,498 for each of the years ended December 31, 2025 and 2024.