Three Months Ended March 31,

2026

2025

Net loss attributable to common stockholders

$

(1,859,901)

$

(1,186,320)

Less: Class K Common Stock dividends declared and accumulated

665,355

670,156

Less: Class K-I Common Stock dividends declared and accumulated

248,516

242,972

Less: Class A Common Stock dividends declared and accumulated

100,353

Undistributed net loss

$

(2,874,125)

$

(2,199,801)

Class K Common Stock:

Undistributed net loss

$

(1,846,218)

$

(1,424,279)

Class K Common Stock dividends declared and accumulated

665,355

670,156

Net loss

$

(1,180,863)

$

(754,123)

Net loss per common share, basic and diluted

$

(0.31)

$

(0.19)

Weighted average number of common shares outstanding, basic and diluted

3,854,833

3,882,650

Class K-I Common Stock:

Undistributed net loss

$

(689,582)

$

(516,388)

Class K-I Common Stock dividends declared and accumulated

248,516

242,972

Net loss

$

(441,066)

$

(273,416)

Net loss per common share, basic and diluted

$

(0.31)

$

(0.19)

Weighted average number of common shares outstanding, basic and diluted

1,439,818

1,407,695

Class A Common Stock:

Undistributed net loss

$

(278,458)

$

(213,280)

Class A Common Stock dividends declared and accumulated

100,353

Net loss

$

(178,105)

$

(112,927)

Net loss per common share, basic and diluted

$

(0.31)

$

(0.19)

Weighted average number of common shares outstanding, basic and diluted

581,410

Class B Common Stock:

Undistributed net loss

$

(59,867)

$

(45,854)

Net loss per common share, basic and diluted

$

(0.48)

$

(0.37)

Weighted average number of common shares outstanding, basic and diluted

125,000