SEGMENT REPORTING (Tables)

12 Months Ended

Dec. 31, 2025

SEGMENT REPORTING

Summary of segment results

The following are the segment results for the year ended December 31, 2025:


		Data Center			Datacom JV			Total
Revenues:
Rental revenues		$	2,582,747		$	—		$	2,582,747
Total revenues			2,582,747			—			2,582,747
Expenses:
Property operating expenses			321,601			—			321,601
General and administrative			6,254			478			6,732
Total expenses			327,855			478			328,333
Other income (expense):
Interest expense			(1,245,177)			—			(1,245,177)
Equity method loss on investments			—			(5,261,052)			(5,261,052)
Segment operating net loss		$	1,009,715		$	(5,261,530)		$	(4,251,815)
Depreciation and amortization									(1,225,013)
General and administrative									(4,322,546)
Asset management fees									(1,468,366)
Interest income									6,890
Loss from continuing operations								$	(11,260,850)

The following are the segment results for the year ended December 31, 2024:


		Data Center			Datacom JV			Total
Revenues:
Rental revenues		$	2,652,459		$	—		$	2,652,459
Total revenues			2,652,459			—			2,652,459
Expenses:
Property operating expenses			311,947			—			311,947
General and administrative			29,366			16,985			46,351
Total expenses			341,313			16,985			358,298
Other income (expense):
Interest expense			(1,422,046)			—			(1,422,046)
Equity method loss on investments			—			(3,378,066)			(3,378,066)
Segment operating net loss		$	889,100		$	(3,395,051)		$	(2,505,951)
Depreciation and amortization									(1,225,010)
General and administrative									(3,619,889)
Asset management fees									(1,484,727)
Interest income									226,047
Performance participation allocation									(948,118)
Loss from continuing operations								$	(9,557,648)

Summary of operating segments assets


		December 31, 2025			December 31, 2024
Data Center		$	33,175,658		$	34,019,552
Joint Venture			34,861,734			40,122,786
Other (Corporate)			43,937,706			7,044,759
Total assets		$	111,975,098		$	81,187,097