v3.26.1
Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash $ 2,446,418 $ 837,767
Accounts receivable 126,749 452,874
Deferred rent 1,059,523 1,084,413
Lease incentive receivable 380,734 394,495
Rental properties, net 7,711,219 10,490,786
Prepaid expenses and other assets 540,512 192,441
Escrow deposits 1,100,320 294,169
Capitalized project costs 54,248
Property and equipment, net 4,400 5,795
Operating lease right of use asset, net 18,180 39,106
Investment in cost-method investees 84,110 84,110
Interest rate swap asset 1,927
Security deposits 2,272 2,272
Total Assets 13,476,364 13,932,476
LIABILITIES:    
Convertible debenture 2,000,000 2,000,000
Notes payable, net 5,813,005 7,540,127
Accounts payable 146,321 130,241
Accrued expenses 528,749 435,690
Lease liability 18,455 39,711
Contract liabilities 1,222,482 302,282
Derivative liability - interest rate swap, at fair value 77,328
Security deposits payable 316,704 339,471
Total Liabilities 10,045,716 10,864,850
Commitments and Contingencies (Note 10)
STOCKHOLDERS’ EQUITY:    
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding on June 30, 2026 and December 31, 2025 ($1.00 per share liquidation preference or $2,000,000) 2,000 2,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 13,351,516 and 12,201,516 shares issued on June 30, 2026 and December 31, 2025, respectively, and 13,180,829 and 12,030,829 shares outstanding on June 30, 2026 and December 31, 2025, respectively 13,352 12,202
Additional paid-in capital 21,939,974 21,597,229
Treasury stock, at cost (170,687 and 170,687 shares on June 30, 2026 and December 31, 2025, respectively) (49,868) (49,868)
Accumulated deficit (18,474,810) (18,493,937)
Total Stockholders’ Equity 3,430,648 3,067,626
Total Liabilities and Stockholders’ Equity $ 13,476,364 $ 13,932,476