SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Accounting Policies [Abstract] |
|
| SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOW |
SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOW
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| Cash and cash equivalents | |
$ | 2,235,306 | | |
$ | 2,194,502 | |
| Restricted cash | |
| - | | |
| 37,084 | |
| Cash and cash equivalents and restricted cash | |
$ | 2,235,306 | | |
$ | 2,231,586 | |
|
| SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE |
The
following table sets forth the computation of basic and diluted Income per Share:
SCHEDULE
OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE
| | |
2025 | | |
2024 | |
| | |
Years Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Numerator: | |
| | | |
| | |
| | |
| | | |
| | |
| Net loss | |
$ | (2,195,082 | ) | |
$ | (24,710,741 | ) |
| Preferred Stock Dividends | |
| (652,828 | ) | |
| (652,828 | ) |
| Numerator for basic and diluted EPS - loss available to common shareholders | |
$ | (2,847,910 | ) | |
$ | (25,363,569 | ) |
| | |
| | | |
| | |
| Denominator: | |
| | | |
| | |
| Denominator for basic and diluted EPS - Weighted average shares | |
| 3,413,861 | | |
| 3,389,661 | |
| | |
| | | |
| | |
| Basic and diluted loss per common share | |
$ | (0.83 | ) | |
$ | (7.48 | ) |
|
| SCHEDULE OF BREAKDOWN OF RENTAL INCOME RECOGNITION |
SCHEDULE OF BREAKDOWN OF RENTAL INCOME RECOGNITION
| | |
2025 | | |
2024 | |
| | |
Year Ended | |
| | |
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Straight-Line Rent | |
$ | 803,116 | | |
$ | 803,116 | |
| Cash Basis Rent | |
| 124,260 | | |
| 124,861 | |
| Security Deposit Recognized as Rental Income | |
| - | | |
| 992,216 | |
| Rental income | |
$ | 927,376 | | |
$ | 1,920,193 | |
|
| SCHEDULE OF INTANGIBLE ASSETS |
The
following table provides a summary of the Intangible Assets:
SCHEDULE OF INTANGIBLE ASSETS
| | |
For the Years Ended December 31, | |
| | |
| | |
| | |
| | |
| |
| | |
Cost | | |
Accumulated Amortization
Through 12/31/24 | | |
Accumulated Amortization 12/31/2025 | | |
Net Book Value | |
| | |
| | | |
| | | |
| | | |
| | |
| Asset Intangibles - PWRS | |
$ | 4,713,548 | | |
$ | 2,436,615 | | |
$ | 227,488 | | |
$ | 2,049,445 | |
|
| SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS |
The
following table provides a summary of the current estimate of future amortization of Intangible Assets:
SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS
| | |
| | |
| 2026 | |
$ | 227,488 | |
| 2027 | |
$ | 227,488 | |
| 2028 | |
$ | 227,488 | |
| 2029 | |
$ | 227,488 | |
| 2030 | |
$ | 227,488 | |
| Thereafter | |
$ | 912,005 | |
| Total | |
$ | 2,049,445 | |
|