v3.26.1
Consolidated Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
ASSETS    
Land $ 4,630,271 $ 4,630,271
Greenhouse cultivation and processing facilities, net of accumulated depreciation 713,859 724,226
Net investment in direct financing lease - railroad 9,150,000 9,150,000
Total real estate assets 14,494,130 14,504,497
Cash and cash equivalents 2,036,085 2,235,306
Prepaid expenses and deposits 143,731 131,967
Intangible lease asset, net of accumulated amortization 1,992,573 2,049,445
Deferred rent receivable 529,072 328,293
Mortgage loan receivables 952,431 981,035
Assets held for sale 5,580,403 6,382,856
Other assets 274,722 310,376
TOTAL ASSETS 26,003,147 26,923,775
LIABILITIES AND EQUITY    
Accounts payable 291,803 216,768
Accrued expenses 185,698 188,812
Liabilities held for sale 1,382,742 1,407,880
Current portion of long-term debt, net of unamortized discount 769,574 759,821
Long-term debt, net of unamortized discount 19,119,510 19,213,071
TOTAL LIABILITIES 21,749,327 21,786,352
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 March 31, 2026 and December 31, 2025) 8,489,952 8,489,952
Common Shares, $0.001 par value (98,325,000 shares authorized; 3,672,274 and 3,661,493 shares issued and outstanding as of March 31, 2026 and December 31, 2025, respectively) 3,672 3,661
Additional paid-in capital 48,537,213 48,527,555
Accumulated deficit (52,777,017) (51,883,745)
Total Equity 4,253,820 5,137,423
TOTAL LIABILITIES AND EQUITY $ 26,003,147 $ 26,923,775