HELD FOR SALE

12 Months Ended

Jun. 30, 2026

NOTE 5 – HELD FOR SALE

Assets and Liabilities Held for Sale

In October 2025, we listed Woodland Corporate Center Two for sale and determined that the criteria to be classified as held for sale had been met, which requires us to present the related assets and liabilities as separate line items in our consolidated balance sheets. We recorded these assets and liabilities at the lesser of the carrying value or fair value less costs to sell. During the year ended June 30, 2026, we recorded an impairment loss on assets held for sale of $1,687,783 on Woodland Corporate Center Two, which was our only asset held for sale. During the year ended June 30, 2025, we did not record any impairment loss on assets held for sale.

The following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheets:

	June 30, 2026			June 30, 2025
Assets
Real estate assets
Land	$	1,840,468		$	1,840,468
Building, fixtures and improvements		10,329,473			10,290,843
Intangible lease assets		1,400,884			1,328,236
Less: accumulated depreciation		(1,066,212	)		(947,707	)
accumulated amortization		(797,578	)		(752,080	)
Total real estate assets, net		11,707,035			11,759,760
Cash and cash equivalents		88,536			160,722
Investments income, rents and other receivables		134,801			45,897
Prepaid expenses and other assets		13,918			8,978
Allowance for impairment on assets held for sale		(1,687,783	)		-
Total assets	$	10,256,507		$	11,975,357

Liabilities
Deferred rent and other liabilities	$	97,441		$	87,302
Finance lease liabilities		307,318			355,870
Accounts payable and accrued liabilities		85,414			48,234
Below-market lease liabilities, net		162,101			173,171
Total liabilities	$	652,274		$	664,577