SEGMENT REPORTING (Tables)

6 Months Ended

Jun. 30, 2026

SEGMENT REPORTING

Summary of segment results

The following are the segment results for the three months ended June 30, 2026:


		Data Center			Datacom JV			Total
Revenues:
Rental revenues		$	655,921		$	—		$	655,921
Total revenues			655,921			—			655,921
Expenses:
Property operating expenses			96,490			—			96,490
General and administrative			1,143			—			1,143
Total expenses			97,633			—			97,633
Other expenses:
Interest expense			(314,980)			—			(314,980)
Equity method loss on investments			—			(1,404,492)			(1,404,492)
Segment operating net loss		$	243,308		$	(1,404,492)			(1,161,184)
Depreciation and amortization									(306,253)
General and administrative									(864,928)
Asset management fees									(335,833)
Interest income									206,711
Gain on sale of easement									110,172
Loss from continuing operations								$	(2,351,315)

The following are the segment results for the three months ended June 30, 2025:


		Data Center			Datacom JV			Total
Revenues:
Rental revenues		$	624,496		$	—		$	624,496
Total revenues			624,496			—			624,496
Expenses:
Property operating expenses			55,468			—			55,468
General and administrative			685			—			685
Total expenses			56,153			—			56,153
Other expenses:
Interest expense			(388,705)			—			(388,705)
Equity method loss on investments			—			(933,030)			(933,030)
Segment operating net loss		$	179,638		$	(933,030)			(753,392)
Depreciation and amortization									(306,253)
General and administrative									(1,152,944)
Asset management fees									(365,855)
Interest income									1,779
Loss from continuing operations								$	(2,576,665)

The following are the segment results for the six months ended June 30, 2026:


		Data Center			Datacom JV			Total
Revenues:
Rental revenues		$	1,311,255		$	—		$	1,311,255
Total revenues			1,311,255			—			1,311,255
Expenses:
Property operating expenses			171,574			—			171,574
General and administrative			7,060			385			7,445
Total expenses			178,634			385			179,019
Other expenses:
Interest expense			(630,915)			—			(630,915)
Equity method loss on investments			—			(2,791,381)			(2,791,381)
Segment operating net income (loss)		$	501,706		$	(2,791,766)			(2,290,060)
Depreciation and amortization									(612,506)
General and administrative									(1,416,724)
Asset management fees									(686,342)
Interest income									519,659
Gain on sale of easement									110,172
Loss from continuing operations								$	(4,375,801)

The following are the segment results for the six months ended June 30, 2025:


		Data Center			Datacom JV			Total
Revenues:
Rental revenues		$	1,249,029		$	—		$	1,249,029
Total revenues			1,249,029			—			1,249,029
Expenses:
Property operating expenses			125,065			—			125,065
General and administrative			2,713			—			2,713
Total expenses			127,778			—			127,778
Other expenses:
Interest expense			(644,538)			—			(644,538)
Equity method loss on investments			—			(2,372,646)			(2,372,646)
Segment operating net income (loss)		$	476,713		$	(2,372,646)			(1,895,933)
Depreciation and amortization									(612,506)
General and administrative									(1,389,215)
Asset management fees									(733,342)
Interest income									3,550
Performance participation allocation									(165,100)
Loss from continuing operations								$	(4,792,546)

Summary of operating segments assets


		June 30, 2026			December 31, 2025
Data Center		$	32,704,588		$	33,175,658
Joint Venture			32,072,822			34,861,734
Other (Corporate)			29,258,010			43,937,706
Total assets		$	94,035,420		$	111,975,098