| Schedule of gain on sale, assets and liabilities, results of the operations and cashflow and non-cash information associated with discontinued operations |
The following table provides the results of the operations of these Disposed Companies for the three and six months ended June 30, 2025: | | | | | | | | | Three Months Ended
June 30, 2025 | | Six Months Ended
June 30, 2025 | Revenues | | | | | | | Rental revenues | | $ | 466,643 | | $ | 903,394 | Total income | | | 466,643 | | | 903,394 | Expenses | | | | | | | Property operating expenses | | | 158,656 | | | 270,704 | General and administrative | | | 21,866 | | | 38,577 | Depreciation and amortization | | | 712,833 | | | 1,492,173 | Accretion expense | | | 24,679 | | | 48,388 | Total expenses | | | 918,034 | | | 1,849,842 | Other income (expenses): | | | | | | | Interest expense | | | (320,355) | | | (565,295) | Interest income | | | 746 | | | 746 | Loss from discontinued operations | | $ | (771,000) | | $ | (1,510,997) |
The cash flows related to discontinued operations have not been segregated and are included in the consolidated statements of cash flows for the six months ended June 30, 2025. The following table provides the key cash flow and non-cash information related to discontinued operations: | | | | Asset acquisitions | | $ | (2,218,661) | Prepaid acquisition costs | | | (2,361,467) | Proceeds from revolving credit facility | | | 5,505,795 | | | | | Significant non-cash items: | | | | Depreciation and amortization | | | 1,492,173 | Addition of asset retirement obligations in relation to acquisitions | | | 136,357 | Ground lease right of use assets obtained in exchange for operating lease liabilities | | | 183,639 |
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