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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash Flows from Operating Activities:    
Net income (loss) $ (823,192) $ 479,561
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation and amortization 1,908,900 2,074,824
Amortization of deferred financing costs and debt discount as interest 128,728 105,861
Amortization of key money loans (26,750) (26,750)
Changes in operating assets and liabilities:    
Accounts receivable (349,613) 82,594
Due from related parties (27,296)  
Prepaid expenses and other assets (737,795) (950,906)
Accounts payable, accrued expenses and other 1,821,309 1,599,994
Due to related parties 261,084 258,048
Net cash provided by operating activities 2,155,375 3,623,226
Cash Flow from Investing Activities:    
Capital improvements (537,015) (765,146)
Cash used in investing activities (537,015) (765,146)
Cash Flows from Financing Activities:    
Payments of mortgage notes principal (220,827) (289,199)
Distributions to stockholders (1,499,753) (1,480,676)
Distributions to noncontrolling interest (196,000) (686,000)
Repurchase of common stock (406,633) (409,703)
Net cash used in financing activities (2,323,213) (2,865,578)
Decrease in cash and restricted cash (704,853) (7,498)
Cash and restricted cash, beginning of period 10,862,958 11,061,557
Cash and restricted cash, end of period $ 10,158,105 $ 11,054,059