v3.26.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
REVENUE    
Lease income from direct financing lease – railroad $ 915,000 $ 915,000
Rental income 927,376 1,920,193
Other income 169,407 214,682
TOTAL REVENUE 2,011,783 3,049,875
EXPENSES    
Amortization of intangible assets 227,488 227,488
General and administrative 1,174,366 1,494,339
Property expenses and taxes 967,258 1,996,336
Depreciation expense 63,551 819,893
Impairment expense/Allowance for receivable 1,159,204 19,954,260
Interest expense 2,058,446 3,866,140
TOTAL EXPENSES 5,650,313 28,358,456
OTHER INCOME (EXPENSE)    
Gain (loss) on sale of properties (7,628) 247,136
Gain on extinguishment of debt 1,092,670
Unrealized loss on marketable securities (19,172)
Realized gain on marketable securities 377,578
Forgiveness of accounts payable 350,704
TOTAL OTHER INCOME 1,443,448 597,840
NET LOSS (2,195,082) (24,710,741)
Preferred Stock Dividends (652,828) (652,828)
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (2,847,910) $ (25,363,569)
Loss Per Common Share:    
Basic $ (0.83) $ (7.48)
Diluted $ (0.83) $ (7.48)
Weighted Average Number of Shares Outstanding:    
Basic 3,413,861 3,389,661
Diluted 3,413,861 3,389,661
Cash dividend per Series A Preferred Share:
Accumulated undeclared dividend per Series A Preferred Shares: $ 1.94 $ 1.94
Nonrelated Party [Member]    
REVENUE    
Rental income $ 927,376 $ 1,135,193
Related Party [Member]    
REVENUE    
Rental income - related parties $ 785,000