v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Operating activities    
Net loss $ (457,724) $ (1,092,199)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of intangible lease asset 113,744 113,744
Amortization of debt costs 15,695 15,695
Stock-based compensation 286,424
Impairment expense 366,117 13,600
Depreciation 17,243 22,985
Unrealized loss on marketable securities 35,942 45,883
Loss on sale of property 604,363 7,628
Gain on extinguishment of debt (1,092,670)
Changes in operating assets and liabilities    
Deferred rent receivable 220,905 (151,145)
Prepaid expenses and deposits (96,640) 346,808
Other assets 763 (170,293)
Other liabilities (295,447)
Accounts payable 63,323 37,784
Accrued expenses 27,359 1,228,966
Prepaid rent 5,100
Net cash provided by/(used in) operating activities 911,090 (677,137)
Investing activities    
Cash received for sale of properties 272,421 132,274
Investment of marketable securities (1,429) (197,254)
Cash received for mortgage loan receivables 57,488 74,802
Net cash provided by investing activities 328,480 9,822
Financing Activities    
Proceeds received from debt 459,919
Principal payment on debt (334,928) (542,841)
Proceeds from stock issuance 10,945
Cash paid in lieu of fractional shares - reverse stock split (883)
Cash paid for offering related expenses (2,516)
Net cash used in financing activities (327,382) (82,922)
Net increase/(decrease) in cash and cash equivalents 912,188 (750,237)
Cash and cash equivalents and restricted cash, beginning of period 2,235,306 2,231,586
Cash and cash equivalents and restricted cash, end of period 3,147,494 1,481,349
Supplemental disclosure of cash flow information:    
Interest paid 452,919 479,716
Non-cash transactions    
Accrued interest transferred to loan 1,070,468
Transfer of previously paid S-3 expense from other assets to APIC 1,276
Land and greenhouse properties transferred in lieu of debt repayment 17,082,500
Mortgage loan receivables entered into in connection with sale of properties 105,000
Equipment written off against financing liabilities $ 53,756