v3.26.1
SUBSEQUENT EVENTS (Tables)
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
SCHEDULE OF COMMERCIAL PROPERTIES

 

Future minimum base rent for the Years Ended December 31,   Commercial Properties     Model Homes     Total  
                         
2026   $ 9,346,275     $ 2,097,845     $ 11,444,120  
2027     6,844,085       298,038       7,142,123  
2028     5,136,062       —       5,136,062  
2029     3,745,388       —       3,745,388  
2030     2,859,924       —       2,859,924  
                         
Total   $ 27,931,734     $ 2,395,883     $ 30,327,617  
SCHEDULE OF INCOME TAX

The provision (benefit) for income taxes related to our TRS entities consists of the following for the years ended December 31, 2025 and 2024:

 

    December 31, 2025     December 31, 2024  
Current income tax expense (benefit)                
Federal   $ (25,778 )   $ (17,835 )
State     31,068       30,572  
Total current income tax expense (benefit)     5,290       12,737  
                 
Deferred income tax expense                
Federal     424,119       40,279  
State     33,761       7,839  
Total deferred income tax expense     457,880       48,118  
                 
Total income tax (benefit) expense   $ 463,170     $ 60,855  
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION

Income tax provision differed from the amount computed by applying the U.S. federal income tax rate of 21% to income (loss) before taxes, as follows:

 

Taxes at federal statutory rate   $ 4,979       21.0 %   $ 103,369       21.0 %
    December 31, 2025     December 31, 2024  
                                 
Taxes at federal statutory rate   $ 4,979       21.0 %   $ 103,369       21.0 %
State and local income tax, net of federal income tax effect     3,797       16.0 %     —       0.0 %
Re-rate of state deferreds     21,383       90.2 %     48,564       9.9 %
REIT minimum state and local income tax     20,468       86.3 %     —       0.0 %
Other - Other investment write off     382,622       1613.8 %     —       0.0 %
Other - True-up adjustments     7,115       30.0 %     —       0.0 %
Other - Partnership basis true-up     22,806       96.2 %     (91,078 )     -18.5 %
                                 
Total income tax expense   $ 463,170       1954 %   $ 60,855       12.4 %
SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

The tax effects of temporary differences which give rise to significant portions of deferred tax assets are as follows as of December 31:

 

    2025     2024  
    For The Years Ended  
    2025     2024  
Deferred Tax Assets                
Deferred Revenue   $ 1,398     $ —  
State Taxes     —       8  
Fixed Asset     145,680       243,662  
Basis difference in investments     9,027       54,974  
Net operating loss     68,952       —  
Total deferred tax asset     225,057       298,644  
                 
Deferred Tax Liabilities                
State Taxes     (912 )     —  
Prepaids     (757 )     —  
Net deferred tax assets     223,388       298,644  
                 
Net deferred tax assets (liability)   $ 223,388     $ 298,644  
SCHEDULE OF INCOME TAXES PAID

 

Cash Taxes Paid (net of refunds)        
         
FEDERAL   $ 29,009  
STATE        
AL     4,000  
CA     20,452  
TX     20,659  
WI     3,581  
OTHER     1,147  
TOTAL   $ 78,848