2023 Q4 Form 10-Q Financial Statement
#000114036123052952 Filed on November 13, 2023
Income Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
Revenue | $3.577M | $3.560M |
YoY Change | -2.63% | 16.02% |
Cost Of Revenue | $1.505M | $1.390M |
YoY Change | -34.28% | -24.04% |
Gross Profit | $2.072M | $2.170M |
YoY Change | 49.1% | 75.0% |
Gross Profit Margin | 57.93% | 60.95% |
Selling, General & Admin | $610.9K | $741.3K |
YoY Change | 9.1% | 42.56% |
% of Gross Profit | 29.48% | 34.16% |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $1.147M | $1.560M |
YoY Change | 34.46% | 70.96% |
% of Gross Profit | 55.32% | 71.87% |
Operating Expenses | $5.936M | $5.817M |
YoY Change | -8.0% | 4.12% |
Operating Profit | -$2.358M | -$2.257M |
YoY Change | -15.09% | -10.38% |
Interest Expense | $1.453M | $1.322M |
YoY Change | -13.29% | -16.75% |
% of Operating Profit | ||
Other Income/Expense, Net | $0.00 | |
YoY Change | ||
Pretax Income | -$1.554M | -$4.209M |
YoY Change | -68.29% | -426.26% |
Income Tax | ||
% Of Pretax Income | ||
Net Earnings | -$1.554M | -$4.209M |
YoY Change | -68.29% | -427.16% |
Net Earnings / Revenue | -43.43% | -118.22% |
Basic Earnings Per Share | -$0.15 | -$0.35 |
Diluted Earnings Per Share | -$0.15 | -$0.35 |
COMMON SHARES | ||
Basic Shares Outstanding | 13.30M | 13.31M |
Diluted Shares Outstanding | 13.28M |
Balance Sheet
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $12.17M | $13.98M |
YoY Change | 71.46% | 29.46% |
Cash & Equivalents | $12.17M | $13.98M |
Short-Term Investments | ||
Other Short-Term Assets | $829.3K | $800.7K |
YoY Change | -7.86% | 14.38% |
Inventory | ||
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $14.11M | $15.68M |
YoY Change | 60.3% | 31.73% |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $173.3M | $174.3M |
YoY Change | 31.69% | 50.11% |
Goodwill | ||
YoY Change | ||
Intangibles | ||
YoY Change | ||
Long-Term Investments | $16.54M | $20.25M |
YoY Change | -68.49% | -63.9% |
Other Assets | $864.5K | $700.6K |
YoY Change | -95.12% | -96.19% |
Total Long-Term Assets | $190.7M | $195.2M |
YoY Change | -5.48% | 2.48% |
TOTAL ASSETS | ||
Total Short-Term Assets | $14.11M | $15.68M |
Total Long-Term Assets | $190.7M | $195.2M |
Total Assets | $204.8M | $210.9M |
YoY Change | -2.73% | 4.2% |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $1.093M | $1.852M |
YoY Change | -21.94% | -15.81% |
Accrued Expenses | ||
YoY Change | ||
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | $0.00 |
YoY Change | ||
Long-Term Debt Due | ||
YoY Change | ||
Total Short-Term Liabilities | $3.782M | $4.493M |
YoY Change | -3.02% | 4.49% |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $95.25M | $96.41M |
YoY Change | 3.42% | 18.15% |
Other Long-Term Liabilities | $3.214M | $4.069M |
YoY Change | -48.17% | -23.22% |
Total Long-Term Liabilities | $98.47M | $100.5M |
YoY Change | 0.17% | 15.63% |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $3.782M | $4.493M |
Total Long-Term Liabilities | $98.47M | $100.5M |
Total Liabilities | $102.2M | $105.0M |
YoY Change | -0.03% | 15.03% |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$44.70M | -$41.11M |
YoY Change | 44.84% | 68.93% |
Common Stock | $1.324K | $1.324K |
YoY Change | -0.08% | -0.08% |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $90.47M | $93.91M |
YoY Change | ||
Total Liabilities & Shareholders Equity | $204.8M | $210.9M |
YoY Change | -2.73% | 4.2% |
Cashflow Statement
Concept | 2023 Q4 | 2023 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | -$1.554M | -$4.209M |
YoY Change | -68.29% | -427.16% |
Depreciation, Depletion And Amortization | $1.147M | $1.560M |
YoY Change | 34.46% | 70.96% |
Cash From Operating Activities | -$1.103M | $517.1K |
YoY Change | -58.07% | -160.82% |
INVESTING ACTIVITIES | ||
Capital Expenditures | $609.1K | $5.055M |
YoY Change | -91.31% | 314.37% |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | $3.461M | -$372.5K |
YoY Change | 181.37% | -121.05% |
Cash From Investing Activities | $2.852M | -$5.428M |
YoY Change | -149.25% | -1081.29% |
FINANCING ACTIVITIES | ||
Cash Dividend Paid | ||
YoY Change | ||
Common Stock Issuance & Retirement, Net | ||
YoY Change | ||
Debt Paid & Issued, Net | ||
YoY Change | ||
Cash From Financing Activities | -3.393M | 1.452M |
YoY Change | -172.34% | -54.79% |
NET CHANGE | ||
Cash From Operating Activities | -1.103M | 517.1K |
Cash From Investing Activities | 2.852M | -5.428M |
Cash From Financing Activities | -3.393M | 1.452M |
Net Change In Cash | -1.644M | -3.459M |
YoY Change | -55.93% | -218.72% |
FREE CASH FLOW | ||
Cash From Operating Activities | -$1.103M | $517.1K |
Capital Expenditures | $609.1K | $5.055M |
Free Cash Flow | -$1.712M | -$4.538M |
YoY Change | -82.24% | 119.22% |
Facts In Submission
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CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
18141019 | |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
8998165 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14681875 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11911951 | |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
13981263 | |
CY2022Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
10763645 | |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
700612 | |
CY2022Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
837137 | |
CY2023Q3 | mrc |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Classified As Assets Held For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsClassifiedAsAssetsHeldForSale
|
0 | |
CY2022Q3 | mrc |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Classified As Assets Held For Sale
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsClassifiedAsAssetsHeldForSale
|
311169 | |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14681875 | |
CY2022Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
11911951 | |
CY2023Q3 | us-gaap |
Stock Issued1
StockIssued1
|
443271 | |
CY2022Q3 | us-gaap |
Stock Issued1
StockIssued1
|
386385 | |
CY2023Q3 | mrc |
Issuance Of Preferred Stock Through Reinvestment Of Dividends
IssuanceOfPreferredStockThroughReinvestmentOfDividends
|
39858 | |
CY2022Q3 | mrc |
Issuance Of Preferred Stock Through Reinvestment Of Dividends
IssuanceOfPreferredStockThroughReinvestmentOfDividends
|
4829 | |
CY2023Q3 | mrc |
Issuance Operating Partnership Preferred Units Through Reinvestment Of Dividends
IssuanceOperatingPartnershipPreferredUnitsThroughReinvestmentOfDividends
|
20454 | |
CY2022Q3 | mrc |
Issuance Operating Partnership Preferred Units Through Reinvestment Of Dividends
IssuanceOperatingPartnershipPreferredUnitsThroughReinvestmentOfDividends
|
0 | |
CY2023Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1015556 | |
CY2022Q3 | us-gaap |
Interest Paid Net
InterestPaidNet
|
1138118 | |
CY2016Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
15000000 | |
CY2019Q4 | us-gaap |
Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
|
15000000 | |
CY2023Q3 | us-gaap |
Proceeds From Contributions From Parent
ProceedsFromContributionsFromParent
|
73320298 | |
CY2023Q3 | mrc |
Number Of Operating Companies Formed With Non Controlling Interest Holders
NumberOfOperatingCompaniesFormedWithNonControllingInterestHolders
|
2 | |
CY2023Q3 | us-gaap |
Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
|
119100000 | |
CY2023Q3 | mrc |
Number Of Public Offering
NumberOfPublicOffering
|
3 | |
CY2023Q3 | us-gaap |
Proceeds From Issuance Of Common Stock Dividend Reinvestment Plan
ProceedsFromIssuanceOfCommonStockDividendReinvestmentPlan
|
14630000 | |
CY2023Q3 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
189906 | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Premiums And Other Receivables
AllowanceForDoubtfulAccountsPremiumsAndOtherReceivables
|
150786 | |
CY2023Q3 | mrc |
Capital Pending Acceptance
CapitalPendingAcceptance
|
142000 | |
CY2023Q2 | mrc |
Capital Pending Acceptance
CapitalPendingAcceptance
|
538600 | |
CY2023Q3 | mrc |
Nondeductible Excise Tax
NondeductibleExciseTax
|
0.04 | |
CY2023Q3 | mrc |
Number Of Entities Income Tax Liabilities Flow Through To Partners
NumberOfEntitiesIncomeTaxLiabilitiesFlowThroughToPartners
|
2 | |
CY2023Q3 | mrc |
Number Of Entities Income Tax Liabilities Flow Through To Partners
NumberOfEntitiesIncomeTaxLiabilitiesFlowThroughToPartners
|
2 | |
CY2023Q3 | mrc |
Number Of Entities Income Tax Liabilities Flow Through To Partners
NumberOfEntitiesIncomeTaxLiabilitiesFlowThroughToPartners
|
2 | |
CY2023Q2 | mrc |
Uncertain Tax Positions
UncertainTaxPositions
|
0 | |
CY2023Q3 | mrc |
Uncertain Tax Positions
UncertainTaxPositions
|
0 | |
CY2023Q3 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
204191 | |
CY2022Q3 | us-gaap |
Operating Lease Variable Lease Income
OperatingLeaseVariableLeaseIncome
|
324420 | |
CY2023Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
3559981 | |
CY2022Q3 | us-gaap |
Operating Lease Lease Income
OperatingLeaseLeaseIncome
|
3068503 | |
CY2023Q2 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
22148980 | |
CY2023Q3 | us-gaap |
Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
|
13202040 | |
CY2023Q2 | us-gaap |
Equity Method Investments Fair Value Disclosure
EquityMethodInvestmentsFairValueDisclosure
|
14760496 | |
CY2022Q3 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | |
CY2023Q3 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
0 | |
CY2023Q3 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
1129775 | |
CY2022Q3 | us-gaap |
Depreciation
Depreciation
|
706262 | |
CY2023Q3 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
3355790 | |
CY2022Q3 | us-gaap |
Operating Lease Lease Income Lease Payments
OperatingLeaseLeaseIncomeLeasePayments
|
2744083 | |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
|
6167563 | |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
|
6643121 | |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
|
5523233 | |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
|
3962589 | |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
|
3601618 | |
CY2023Q3 | mrc |
Lessor Operating Lease Payments To Be Received After Year Four
LessorOperatingLeasePaymentsToBeReceivedAfterYearFour
|
9513941 | |
CY2023Q3 | us-gaap |
Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
|
35412065 | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
7833151 | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2554692 | |
CY2023Q3 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
5278459 | |
CY2023Q3 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P5Y1M6D | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
|
7760923 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
2124799 | |
CY2023Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
5636124 | |
CY2023 | us-gaap |
Acquired Finite Lived Intangible Assets Weighted Average Useful Life
AcquiredFiniteLivedIntangibleAssetsWeightedAverageUsefulLife
|
P4Y10M24D | |
CY2023Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
429893 | |
CY2022Q3 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
202062 | |
CY2023Q3 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
20254262 | |
CY2023Q2 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
22148980 | |
CY2023Q3 | us-gaap |
Investment Owned At Fair Value
InvestmentOwnedAtFairValue
|
20254262 | |
CY2022Q2 | mrc |
Percentage Of Reduced Purchase Price For General Partnership Interest
PercentageOfReducedPurchasePriceForGeneralPartnershipInterest
|
0.20 | |
CY2022Q2 | mrc |
Percentage Of Holdback Reduced By Stabilization Costs
PercentageOfHoldbackReducedByStabilizationCosts
|
0.20 | |
CY2022Q2 | mrc |
Percentage Of Holdback Considered As Contingent Liability
PercentageOfHoldbackConsideredAsContingentLiability
|
0.20 | |
CY2022Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
2715000 | |
CY2023Q2 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
1503000 | |
CY2023Q3 | us-gaap |
Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
|
1503000 | |
CY2023Q3 | mrc |
Contingent Liability Related To Guaranty On Mortgage Loans
ContingentLiabilityRelatedToGuarantyOnMortgageLoans
|
0 | |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
596147 | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
644616 | |
CY2023Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
614204 | |
CY2023Q2 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
628420 | |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
658695 | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset Before Accumulated Amortization
FinanceLeaseRightOfUseAssetBeforeAccumulatedAmortization
|
658695 | |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
62548 | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset Accumulated Amortization
FinanceLeaseRightOfUseAssetAccumulatedAmortization
|
14079 | |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
596147 | |
CY2023Q2 | us-gaap |
Finance Lease Right Of Use Asset
FinanceLeaseRightOfUseAsset
|
644616 | |
CY2023Q3 | us-gaap |
Finance Lease Right Of Use Asset Amortization
FinanceLeaseRightOfUseAssetAmortization
|
20493 | |
CY2023Q3 | us-gaap |
Finance Lease Interest Expense
FinanceLeaseInterestExpense
|
7083 | |
CY2023Q3 | us-gaap |
Lease Cost
LeaseCost
|
27576 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Remainder Of Fiscal Year
FinanceLeaseLiabilityPaymentsRemainderOfFiscalYear
|
65090 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Next Twelve Months
FinanceLeaseLiabilityPaymentsDueNextTwelveMonths
|
89813 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Two
FinanceLeaseLiabilityPaymentsDueYearTwo
|
93408 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Three
FinanceLeaseLiabilityPaymentsDueYearThree
|
97079 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due Year Four
FinanceLeaseLiabilityPaymentsDueYearFour
|
100960 | |
CY2023Q3 | mrc |
Finance Lease Liability Payments Due After Year Four
FinanceLeaseLiabilityPaymentsDueAfterYearFour
|
286082 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
732432 | |
CY2023Q3 | us-gaap |
Finance Lease Liability Undiscounted Excess Amount
FinanceLeaseLiabilityUndiscountedExcessAmount
|
118228 | |
CY2023Q3 | us-gaap |
Finance Lease Liability
FinanceLeaseLiability
|
614204 | |
CY2023Q3 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y3M10D | |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Remaining Lease Term1
FinanceLeaseWeightedAverageRemainingLeaseTerm1
|
P7Y6M10D | |
CY2023Q3 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.05 | |
CY2023Q2 | us-gaap |
Finance Lease Weighted Average Discount Rate Percent
FinanceLeaseWeightedAverageDiscountRatePercent
|
0.05 | |
CY2023Q3 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
14216 | |
CY2023Q2 | us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
30276 | |
CY2023Q3 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
0 | |
CY2023Q2 | us-gaap |
Right Of Use Asset Obtained In Exchange For Finance Lease Liability
RightOfUseAssetObtainedInExchangeForFinanceLeaseLiability
|
658695 | |
CY2023Q3 | mrc |
Number Of Advisory Agreements
NumberOfAdvisoryAgreements
|
2 | |
CY2023Q3 | mrc |
Assets Management Fee Expense
AssetsManagementFeeExpense
|
787077 | |
CY2022Q3 | mrc |
Assets Management Fee Expense
AssetsManagementFeeExpense
|
716267 | |
CY2023Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
164229944 | |
CY2022Q3 | us-gaap |
Management Fee Expense
ManagementFeeExpense
|
148639649 | |
CY2022Q3 | us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
0 | |
CY2023Q3 | us-gaap |
Incentive Fee Expense
IncentiveFeeExpense
|
0 | |
CY2023Q3 | mrc |
Number Of Property Limited Partnership
NumberOfPropertyLimitedPartnership
|
8 | |
CY2023Q3 | mrc |
Number Of Property Limited Partnership
NumberOfPropertyLimitedPartnership
|
8 | |
CY2023Q3 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
125750 | |
CY2022Q3 | us-gaap |
Property Management Fee Revenue
PropertyManagementFeeRevenue
|
117225 | |
CY2023Q3 | us-gaap |
Leasing Commissions Expense
LeasingCommissionsExpense
|
64908 | |
CY2022Q3 | us-gaap |
Leasing Commissions Expense
LeasingCommissionsExpense
|
202886 | |
CY2023Q3 | mrc |
Number Of Property Limited Partnership
NumberOfPropertyLimitedPartnership
|
8 | |
CY2023Q3 | mrc |
Direct Operating Costs And Construction Of Tenant Improvements
DirectOperatingCostsAndConstructionOfTenantImprovements
|
399771 | |
CY2022Q3 | mrc |
Direct Operating Costs And Construction Of Tenant Improvements
DirectOperatingCostsAndConstructionOfTenantImprovements
|
836803 | |
CY2023Q3 | mrc |
Incurred Offering Costs
IncurredOfferingCosts
|
1257098 | |
CY2023Q2 | mrc |
Incurred Offering Costs
IncurredOfferingCosts
|
1099189 | |
CY2023Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
189183 | |
CY2022Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
181500 | |
CY2023Q3 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
16567 | |
CY2022Q3 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
23000 | |
CY2023Q3 | mrc |
Assets Management Fee Expense
AssetsManagementFeeExpense
|
787077 | |
CY2022Q3 | mrc |
Assets Management Fee Expense
AssetsManagementFeeExpense
|
716267 | |
CY2023Q3 | mrc |
Due To Related Parties Asset Management Fees
DueToRelatedPartiesAssetManagementFees
|
0 | |
CY2023Q2 | mrc |
Due To Related Parties Asset Management Fees
DueToRelatedPartiesAssetManagementFees
|
0 | |
CY2023Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
189183 | |
CY2022Q3 | us-gaap |
Administrative Fees Expense
AdministrativeFeesExpense
|
181500 | |
CY2023Q3 | mrc |
Due To Related Parties Administrative Cost Reimbursements
DueToRelatedPartiesAdministrativeCostReimbursements
|
0 | |
CY2023Q2 | mrc |
Due To Related Parties Administrative Cost Reimbursements
DueToRelatedPartiesAdministrativeCostReimbursements
|
0 | |
CY2023Q3 | mrc |
Asset Acquisition Fees
AssetAcquisitionFees
|
107500 | |
CY2022Q3 | mrc |
Asset Acquisition Fees
AssetAcquisitionFees
|
460400 | |
CY2023Q3 | mrc |
Due To Related Parties Asset Acquisition Fees
DueToRelatedPartiesAssetAcquisitionFees
|
0 | |
CY2023Q2 | mrc |
Due To Related Parties Asset Acquisition Fees
DueToRelatedPartiesAssetAcquisitionFees
|
0 | |
CY2023Q3 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
16567 | |
CY2022Q3 | us-gaap |
Noninterest Expense Transfer Agent And Custodian Fees
NoninterestExpenseTransferAgentAndCustodianFees
|
23000 | |
CY2023Q3 | mrc |
Due To Related Parties Transfer Agent Cost Reimbursements
DueToRelatedPartiesTransferAgentCostReimbursements
|
0 | |
CY2023Q2 | mrc |
Due To Related Parties Transfer Agent Cost Reimbursements
DueToRelatedPartiesTransferAgentCostReimbursements
|
0 | |
CY2023Q3 | mrc |
Incurred Offering Costs Reimbursement
IncurredOfferingCostsReimbursement
|
8260 | |
CY2022Q3 | mrc |
Incurred Offering Costs Reimbursement
IncurredOfferingCostsReimbursement
|
20895 | |
CY2023Q3 | mrc |
Due To Related Parties Organization And Offering Cost
DueToRelatedPartiesOrganizationAndOfferingCost
|
53613 | |
CY2023Q2 | mrc |
Due To Related Parties Organization And Offering Cost
DueToRelatedPartiesOrganizationAndOfferingCost
|
151132 | |
CY2023Q3 | us-gaap |
Other Expenses
OtherExpenses
|
0 | |
CY2022Q3 | us-gaap |
Other Expenses
OtherExpenses
|
0 | |
CY2023Q3 | mrc |
Other Expenses Due To Related Party
OtherExpensesDueToRelatedParty
|
4902 | |
CY2023Q2 | mrc |
Other Expenses Due To Related Party
OtherExpensesDueToRelatedParty
|
5232 | |
CY2023Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
58514 | |
CY2023Q2 | us-gaap |
Other Liabilities
OtherLiabilities
|
156364 | |
CY2023Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-4597421 | |
CY2022Q3 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
1166345 | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13284673.13 | |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13284673.13 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
13281069.23 | |
CY2022Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
13281069.23 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.35 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.35 | |
CY2022Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.09 | |
CY2022Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.09 | |
CY2023Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
1586864 | |
CY2023Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
242173 | |
CY2022Q3 | us-gaap |
Dividends Common Stock Cash
DividendsCommonStockCash
|
1323888 | |
CY2022Q3 | us-gaap |
Dividends Preferred Stock Cash
DividendsPreferredStockCash
|
37980 |