v3.26.3
Consolidated Statements of Changes in Equity - USD ($)
Common Stock [Member]
Series A Preferred Stock [Member]
 [1]
Common Stock [Member]
Series B Preferred Stock [Member]
 [1]
Common Stock [Member]
Series C Preferred Stock [Member]
 [1]
Common Stock [Member]
Series A Common Stock [Member]
 [1]
Common Stock [Member]
Series B Common Stock [Member]
 [1]
Common Stock [Member]
Preferred Stock [Member]
Series A Preferred Stock [Member]
Preferred Stock [Member]
Series B Preferred Stock [Member]
Preferred Stock [Member]
Series C Preferred Stock [Member]
Additional Paid- in Capital [Member]
Series A Preferred Stock [Member]
 [1]
Additional Paid- in Capital [Member]
Series B Preferred Stock [Member]
 [1]
Additional Paid- in Capital [Member]
Series C Preferred Stock [Member]
 [1]
Additional Paid- in Capital [Member]
Series A Common Stock [Member]
 [1]
Additional Paid- in Capital [Member]
Series B Common Stock [Member]
 [1]
Additional Paid- in Capital [Member]
 [1]
Accumulated Deficit [Member]
Series A Preferred Stock [Member]
Accumulated Deficit [Member]
Series B Preferred Stock [Member]
Accumulated Deficit [Member]
Series C Preferred Stock [Member]
Accumulated Deficit [Member]
Series A Common Stock [Member]
Accumulated Deficit [Member]
Series B Common Stock [Member]
Accumulated Deficit [Member]
Parent [Member]
Series A Preferred Stock [Member]
Parent [Member]
Series B Preferred Stock [Member]
Parent [Member]
Series C Preferred Stock [Member]
Parent [Member]
Series A Common Stock [Member]
Parent [Member]
Series B Common Stock [Member]
Parent [Member]
Non-controlling Interests [Member]
Series A Preferred Stock [Member]
Non-controlling Interests [Member]
Series B Preferred Stock [Member]
Non-controlling Interests [Member]
Series C Preferred Stock [Member]
Non-controlling Interests [Member]
Series A Common Stock [Member]
Non-controlling Interests [Member]
Series B Common Stock [Member]
Non-controlling Interests [Member]
Series A Preferred Stock [Member]
Series B Preferred Stock [Member]
Series C Preferred Stock [Member]
Series A Common Stock [Member]
Series B Common Stock [Member]
Total
Balance at Jun. 30, 2024           $ 133 [1] $ 76 $ 5             $ 137,073,480           $ (54,715,347)           $ 82,358,347           $ 25,590,745           $ 107,949,092
Balance (in Shares) at Jun. 30, 2024           1,330,257.3 [1] 761,370.46 49,564.56                                                              
Contributions by non-controlling interest holders           $ 0 [1] $ 0 $ 0             0           0           0           5,574,804           5,574,804
Distributions to non-controlling interest holders           0 [1] 0 0             0           0           0           (1,735,944)           (1,735,944)
Dividends to common stockholders           0 [1] 0 0             0           (3,140,040)           (3,140,040)           0           (3,140,040)
Dividends to preferred stockholders $ 0 $ 0         0 0   $ 0 $ 0         $ (1,148,019) $ (273,181)         $ (1,148,019) $ (273,181)         $ 0 $ 0         $ (1,148,019) $ (273,181) [2]        
Net income (loss)           0 [1] 0 0             0           (25,915,680)           (25,915,680)           1,945,403           (23,970,277)
Operating Partnership conversion to common stock           $ 0 [1],[3] 0 0             3,301           0           3,301           (3,301)           0
Operating Partnership conversion to common stock (in Shares) [1]           32.18                                                                  
Preferred Series conversion to common stock $ 2           $ (1) 0   (1)           0           0           0           0          
Preferred Series conversion to common stock (in Shares) 15,668.1         15,668.1 (12,805.38)                                                                
Issuance of common stock           $ 21 [1] $ 0 0             3,794,239           0           3,794,260           0           3,794,260
Issuance of common stock (in Shares) [1]           210,351.7                                                                  
Issuance of pre-funded warrants           $ 0 [1] 0 0             1,935,455           0           1,935,455           0           1,935,455
Issuance of common stock warrants       $ 0 $ 0   0 0         $ 376,268 $ 223,409         $ 0 $ 0         $ 376,268 $ 223,409         $ 0 $ 0         $ 376,268 $ 223,409  
Stock-based compensation           $ 2 [1] 0 0             665,498           0           665,500           0           665,500
Stock-based compensation (in Shares) [1]           21,883.7                                                                  
Issuance of preferred stock through reinvestment of dividends $ 0 0         $ 1 $ 0 [3]   192,769 14,503         0 0         192,770 14,503         0 0         192,770 14,503        
Issuance of preferred stock through reinvestment of dividends (in Shares)             8,567.49 644.6                                                              
Issuance of preferred stock 0 0         $ 1 $ 7   226,099 1,647,572         0 0         226,100 1,647,579         0 0         226,100 1,647,579        
Issuance of preferred stock (in Shares)             9,044 65,903.16                                                              
Increase in liquidation preference - Series B preferred stock   0         $ 0 $ 0     204,889           0           204,889           0           204,889        
Operating Partnership Series A Preferred Units issued 0           0 0   0           0           0           2,712,194           2,712,194          
Issuance of Operating Partnership Series A Preferred Units through reinvestment of dividends 0           0 0   0           0           0           98,968           98,968          
Increase in liquidation preference of Operating Partnership Series B Preferred Units   0         0 0     0           0           0           97,229           97,229        
Payment of selling commissions and fees           $ 0 [1] 0 0             (1,301,283)           0           (1,301,283)           (597,278)           (1,898,561)
Redemptions of common stock           0 [1] 0 0             (24)           0           (24)           0           (24)
Redemptions of preferred stock 0           $ 0 0   (5,531)           0           (5,531)           0           (5,531)          
Redemptions of preferred stock (in Shares)             0                                                                
Balance at Jun. 30, 2025           $ 158 [1] $ 77 $ 12 $ 0           145,050,643           (85,192,267)           59,858,623           33,682,820           93,541,443
Balance (in Shares) at Jun. 30, 2025           1,578,192.98 [1] 766,176.57 116,112.32 0                                                            
Distributions to non-controlling interest holders           $ 0 [1] $ 0 $ 0 $ 0           0           0           0           (1,736,476)           (1,736,476)
Dividends to common stockholders                                                                             0
Dividends to preferred stockholders 0 0 $ 0       0 0 0 0 0 $ 0       (1,117,555) (364,775) $ (82,591)       (1,117,555) (364,775) $ (82,591)       0 0 $ 0       (1,117,555) (364,775) [4] $ (82,591)      
Net income (loss)           0 [1] 0 0 0           0           (17,540,987)           (17,540,987)           3,413,377           (14,127,610)
Operating Partnership conversion to common stock           $ 5 [1] 0 0 0           118,077           0           118,082           (118,082)           0
Operating Partnership conversion to common stock (in Shares) [1]           48,352                                                                  
Preferred Series conversion to common stock $ 67 $ 3         $ (9) $ (1) 0 (58) (2)         0 0         0 0         0 0         0 0        
Preferred Series conversion to common stock (in Shares) 665,111 36,969       665,111 (92,836.06) (6,067.1)                                                              
Pre-funded warrants conversion to common stock           $ 13 [1] $ 0 $ 0 0           116           0           129           0           129
Pre-funded warrants conversion to common stock (in Shares) [1]           129,226.5                                                                  
Issuance of common stock           $ 5 [1] 0 0 0           316,987           0           316,992           0           $ 316,992
Issuance of common stock (in Shares)           54,768.3 [1]                                                                 0
Issuance of preferred stock through reinvestment of dividends $ 0 $ 0 0       $ 0 [3] $ 0 [3] $ 0 [3] 187,418 25,697 1,508       0 0 0       187,418 25,697 1,508       0 0 0       187,418 25,697 1,508      
Issuance of preferred stock through reinvestment of dividends (in Shares)             8,329.62 1,142.15 67.09                                                            
Issuance of preferred stock 0 0 $ 0       $ 5 $ 1 $ 5 1,164,980 332,487 $ 1,365,995       0 0 $ 0       1,164,985 332,488 $ 1,366,000       0 0 $ 0       1,164,985 332,488 $ 1,366,000      
Issuance of preferred stock (in Shares)             51,777.11 13,440.15 54,640                                                            
Increase in liquidation preference - Series B preferred stock   0         $ 0 $ 0 $ 0   273,582           0           273,582           0           273,582        
Issuance of Operating Partnership Series A Preferred Units through reinvestment of dividends 0           0 0 0 0           0           0           112,134           112,134          
Increase in liquidation preference of Operating Partnership Series B Preferred Units   0         0 0 0   0           0           0           97,227           97,227        
Payment of selling commissions and fees           $ 0 [1] 0 0 0           (761,706)           0           (761,706)           0           $ (761,706)
Redemptions of common stock           $ 0 [1],[3] 0 0 0           (1,784)           0           (1,784)           0           (1,784)
Redemptions of common stock (in Shares) [1]           (349.78)                                                                  
Redemptions of preferred stock $ 0 $ 0         $ 0 $ 0 0 $ (88) $ (13)         $ 0 $ 0         $ (88) $ (13)         $ 0 $ 0         $ (88) $ (13)        
Redemptions of preferred stock (in Shares)             0 0                                                              
Balance at Jun. 30, 2026           $ 251 [1] $ 73 $ 12 $ 5           $ 148,073,839           $ (104,298,175)           $ 43,776,005           $ 35,451,000           $ 79,227,005
Balance (in Shares) at Jun. 30, 2026           2,512,270 [1] 733,447.24 124,627.52 54,707.09                                                            
[1] After giving effect to the 1-for-10 Reverse Stock Split that was effective August 4, 2025.
[2] Of the total dividends declared for Series B during the year ended June 30, 2025, $204,889 was an increase in liquidation preference and $68,292 was the cash dividend.
[3] Amount is less than $1.
[4] Of the total dividends declared for Series B during the year ended June 30, 2026, $273,582 was an increase in liquidation preference and $91,193 was the cash dividend.