v3.26.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Cash Flows Used in Operating Activities:          
Net loss $ (2,351,315) $ (3,347,665) $ (4,375,801) $ (6,303,543)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Loss on investments in Datacom JV 1,404,492 933,030 2,791,381 2,372,646  
Depreciation and amortization     612,506 2,104,680  
Gain on sale of easement (110,172)   (110,172)    
Asset retirement obligation - accretion expense       48,388  
Amortization of deferred financing costs     31,914 43,387  
Straight-line rental income     (55,406) (99,653)  
Non-cash lease expense       89,236  
Above market lease amortization     31,422 31,422  
Below market lease amortization     (125,874) (125,875)  
Stock-based compensation expense     55,379 64,086  
Changes in operating assets and liabilities:          
Tenant and other receivables     (96,366) (21,176)  
Due from affiliates     (30,313) 34,962  
Prepaid and other assets - net     3,668 (3,300)  
Accounts payable and accrued liabilities     (374,650) 301,218  
Deferred rental revenue     (89,927) 124,483  
Due to affiliates     (1,325,012) 1,009,990  
Lease liabilities - net       (72,806)  
Interest expense payable     (11,947) (14,993)  
Performance participation allocation payable     (948,118) 165,100  
Net cash used in operating activities     (4,017,316) (251,748)  
Cash Flows Used in Investing Activities:          
Asset acquisitions       (2,218,661)  
Proceeds from sale of easement     162,281    
Prepaid acquisition costs       (2,361,467)  
Net cash provided by (used in) investing activities     162,281 (4,580,128)  
Cash Flows from Financing Activities:          
Repayment of revolving facility     (244,544)    
Proceeds from revolving facility       5,505,795  
Proceeds from issuance of common shares     120,000 7,071,143  
Redemptions paid to common shareholders     (7,243,701) (8,131,627)  
Offering costs for issuance of common shares     (432,447) (252,350)  
Dividends and distributions paid to common shares     (1,654,650) (1,816,485)  
Proceeds from issuance of non-controlling interests in the Operating Partnership       1,352,500  
Redemptions paid to non-controlling interests in the Operating Partnership     (902,820) (582,799)  
Offering costs for issuance of non-controlling interest in the Operating Partnership       (26,760)  
Dividends and distributions paid to non-controlling interest in the Operating Partnership     (265,566) (462,070)  
Net cash (used in) provided by financing activities     (10,623,728) 2,657,347  
Net change in cash and cash equivalents     (14,478,763) (2,174,529)  
Cash and cash equivalents, beginning of period     42,044,304 2,512,642 $ 2,512,642
Cash and cash equivalents, end of period $ 27,565,541 $ 338,113 27,565,541 338,113 $ 42,044,304
Supplemental Disclosure of Cash Flow Information:          
Cash paid for interest     610,948 1,159,928  
Cash paid for operating leases       162,181  
Noncash Investing and Financing Activities:          
Ground lease right of use assets obtained in exchange for operating lease liabilities       183,639  
Dividends and distributions reinvested     559,609 1,109,276  
Distributions payable to common shareholders       303,626  
Offering costs included in due to affiliates     $ 199,676    
Offering costs included in accounts payable and accrued liabilities       1,195,624  
Receivable from affiliates       54,390  
Addition of asset retirement obligations in relation to acquisitions       136,357  
Distributions payable to non-controlling interests in the Operating Partnership       75,640  
Redemptions payable       2,019,553  
Prepaid acquisition costs applied to current period acquisitions       1,043,435  
Prepaid offering costs reclassified to additional paid-in capital       $ 2,191,615