v3.26.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2025
Dec. 31, 2024
ASSETS    
Land $ 4,730,740 $ 4,751,010
Greenhouse cultivation and processing facilities, net of accumulated depreciation 1,116,811 1,189,195
Net investment in direct financing lease - railroad 9,150,000 9,150,000
Total real estate assets 14,997,551 15,090,205
Cash and cash equivalents 2,235,306 2,194,502
Restricted cash 37,084
Prepaid expenses and deposits 131,967 207,177
Intangible lease asset, net of accumulated amortization 2,049,445 2,276,933
Deferred rent receivable 328,293 338,106
Mortgage loan receivables 981,035 1,602,000
Assets held for sale 5,889,802 24,335,236
Other assets 310,376 21,395
TOTAL ASSETS 26,923,775 46,102,638
LIABILITIES AND EQUITY    
Accounts payable 216,768 173,700
Accrued expenses 234,701 166,320
Liabilities held for sale 1,361,991 1,599,477
Current portion of long-term debt, net of unamortized discount 759,821 17,445,220
Long-term debt, net of unamortized discount 19,213,071 19,965,043
TOTAL LIABILITIES 21,786,352 39,349,760
Equity:    
Series A 7.75% Cumulative Redeemable Perpetual Preferred Stock Par Value $25.00 (1,675,000 shares authorized; 336,944 issued and outstanding as of December 31, 2025 and December 31, 2024) 8,489,952 8,489,952
Common Shares, $0.001 par value (98,325,000 shares authorized; 3,661,493 and 3,389,661 shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) 3,661 3,389
Additional paid-in capital 48,527,555 47,948,200
Accumulated deficit (51,883,745) (49,688,663)
Total Equity 5,137,423 6,752,878
TOTAL LIABILITIES AND EQUITY $ 26,923,775 $ 46,102,638