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Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (4,441,465) $ (2,747,178)
Adjustments to reconcile net loss to cash used in operating activities    
Depreciation of building and site improvements 2,168,146 1,497,718
Amortization of acquired tenant improvements 188,586 85,544
Amortization of in-place leases 1,181,837 527,713
Amortization of above market leases 169,784 0
Amortization of below market leases (171,925) (102,183)
Amortization of above market ground lease (732) (592)
Amortization of debt issuance costs 146,745 118,930
Restricted stock unit compensation 382,002 421,882
Non-cash ground lease expense 80,488 71,672
Income on investment in tenancy-in-common (32,773) (37,298)
Dead deal expense 109,569 174,722
Loss on debt extinguishment 0 144,029
Write-off of deferred financing cost 0 252,256
Gain or loss on change in derivatives 401,782 0
Changes in operating assets and liabilities:    
Accounts receivable (145,103) (7,402)
Escrow deposits and other assets (173,510) (20,459)
Deferred rent asset (817,394) (131,955)
Prepaid expenses (116,868) (69,772)
Accounts payable 233,311 (28,266)
Accrued expenses 227,522 230,808
Accrued expenses - related party 554,446 128,901
Lease liability 58,753 51,954
Deferred rent liability 9,144 22,860
Net cash used in operating activities 12,345 583,884
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of land, buildings, other tangible and intangible assets (31,956,583) (12,850,360)
Escrow (deposit) return for purchase of properties 0 25,000
Investment in tenancy-in-common 0 (455,888)
Purchase of remaining tenancy-in-common interest (1,358,391) 0
Net cash used in investing activities (33,314,974) (13,281,248)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of redeemable non-controlling interest 17,100,000 1,109,570
Redemption of redeemable non-controlling interests (4,579,299) (406,652)
Proceeds of issuance on loan payable - related party 4,000,000 1,500,000
Repayment on other payable - related party (777,460) (325,000)
Mortgage loan borrowings 21,000,000 17,650,000
Mortgage loan repayments (886,927) (11,305,729)
Equity issuance costs (362,384) (6,091)
Deferred financing costs 0 (252,256)
Debt issuance costs (371,959) (342,647)
Insurance financing borrowings 368,939 288,693
Insurance financing repayments (380,341) (275,684)
Distribution on non-controlling interests (812,710) (451,005)
Dividends paid on preferred stock (380,000) 0
Dividends paid on common stock (1,216,280) (1,356,915)
Net cash (used in) provided by financing activities 32,701,579 5,826,284
Net decrease in cash and cash equivalents (601,050) (6,871,080)
Cash and cash equivalents and restricted cash - beginning of period 3,752,996 10,624,076
Cash and cash equivalents and restricted cash - end of period 3,151,946 3,752,996
CASH TRANSACTIONS    
Interest Paid 2,445,585 1,475,867
NON-CASH TRANSACTIONS    
Accrual of preferred stock dividend 95,000 0
Assumption of loan in connection with purchase of remaining tenancy-in-common interest 1,695,573 0
Stock issued for cashless exercise of Investor Warrants 205 812
Deferred distribution on redeemable non-controlling interests 501,991 64,134
Recognition of ROU asset and lease liability for ground lease related to property acquisition 0 6,304,334
Issuance of Other payable - related party for Redemption of Non-Controlling Interest 0 2,912,300
Issuance of preferred stock for Modiv acquisition 12,000,000 0
Common stock issued to redeem non-controlling interest $ 0 $ 1,200,000

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