2024 Q3 Form 10-Q Financial Statement
#000149315224030609 Filed on August 07, 2024
Income Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
Revenue | $1.426M | $519.3K | $217.9K |
YoY Change | 191.92% | 138.35% | -90.24% |
Cost Of Revenue | $398.0K | $378.9K | $509.8K |
YoY Change | -2.92% | -25.68% | |
Gross Profit | $1.028M | $140.5K | -$291.9K |
YoY Change | 1185.09% | -148.14% | |
Gross Profit Margin | 72.09% | 27.05% | -133.95% |
Selling, General & Admin | $433.5K | $451.8K | $586.4K |
YoY Change | -25.26% | -22.97% | 71.39% |
% of Gross Profit | 42.16% | 321.54% | |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $146.0K | $183.0K | $604.7K |
YoY Change | -74.19% | -69.74% | 55.64% |
% of Gross Profit | 14.2% | 130.25% | |
Operating Expenses | $635.9K | $692.0K | $1.248M |
YoY Change | -46.56% | -44.55% | 49.49% |
Operating Profit | $392.1K | -$551.5K | -$1.540M |
YoY Change | -135.33% | -64.18% | |
Interest Expense | $872.5K | $1.144M | $651.5K |
YoY Change | 30.79% | 75.62% | 43.77% |
% of Operating Profit | 222.49% | ||
Other Income/Expense, Net | $350.7K | ||
YoY Change | |||
Pretax Income | -$325.0K | -$19.15M | -$2.191M |
YoY Change | -96.76% | 773.63% | -331.92% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$325.0K | -$19.15M | -$2.191M |
YoY Change | -96.76% | 773.63% | -331.92% |
Net Earnings / Revenue | -22.79% | -3686.38% | -1005.72% |
Basic Earnings Per Share | -$0.14 | -$5.70 | -$0.69 |
Diluted Earnings Per Share | -$0.14 | -$5.70 | -$0.69 |
COMMON SHARES | |||
Basic Shares Outstanding | 3.390M shares | 3.390M shares | 3.390M shares |
Diluted Shares Outstanding | 3.390M shares | 3.390M shares | 3.390M shares |
Balance Sheet
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $2.232M | $2.455M | $3.273M |
YoY Change | -14.14% | -24.99% | 174.64% |
Cash & Equivalents | $2.232M | $2.455M | $3.273M |
Short-Term Investments | |||
Other Short-Term Assets | $337.0K | $707.3K | $13.84M |
YoY Change | -97.47% | -94.89% | 41592.56% |
Inventory | |||
Prepaid Expenses | $181.7K | $31.42K | |
Receivables | $0.00 | ||
Other Receivables | $503.0K | ||
Total Short-Term Assets | $2.901M | $3.656M | $17.62M |
YoY Change | -82.09% | -79.25% | 580.48% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $13.62M | $23.44M | $62.34M |
YoY Change | -74.82% | -62.4% | -32.84% |
Goodwill | |||
YoY Change | |||
Intangibles | $2.334M | $2.391M | $2.618M |
YoY Change | -8.88% | -8.69% | -26.29% |
Long-Term Investments | |||
YoY Change | |||
Other Assets | $27.68M | $18.29M | $1.000M |
YoY Change | 2668.35% | 1729.34% | |
Total Long-Term Assets | $45.54M | $46.13M | $65.96M |
YoY Change | -21.19% | -30.06% | -31.65% |
TOTAL ASSETS | |||
Total Short-Term Assets | $2.901M | $3.656M | $17.62M |
Total Long-Term Assets | $45.54M | $46.13M | $65.96M |
Total Assets | $48.44M | $49.79M | $83.58M |
YoY Change | -34.52% | -40.43% | -15.66% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $16.25K | $88.32K | $983.7K |
YoY Change | -98.38% | -91.02% | 92.95% |
Accrued Expenses | $105.8K | $389.5K | $679.5K |
YoY Change | -85.49% | -42.68% | 438.8% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $16.99M | $16.45M | $1.084M |
YoY Change | 0.74% | 1417.2% | -34.58% |
Total Short-Term Liabilities | $17.00M | $16.40M | $4.453M |
YoY Change | -17.87% | 268.29% | -28.45% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $20.04M | $20.38M | $36.96M |
YoY Change | -3.91% | -44.84% | 13.34% |
Other Long-Term Liabilities | $137.4K | ||
YoY Change | |||
Total Long-Term Liabilities | $20.04M | $20.38M | $36.96M |
YoY Change | -3.91% | -44.84% | 13.34% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $17.00M | $16.40M | $4.453M |
Total Long-Term Liabilities | $20.04M | $20.38M | $36.96M |
Total Liabilities | $38.67M | $39.83M | $41.41M |
YoY Change | -7.09% | -3.8% | 6.31% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$46.53M | -$47.34M | -$13.63M |
YoY Change | 95.33% | 247.28% | -337.21% |
Common Stock | $47.81M | $47.67M | $46.83M |
YoY Change | 1.63% | 1.79% | 2.0% |
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.770M | $322.6K | $33.19M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $48.44M | $49.79M | $83.58M |
YoY Change | -34.52% | -40.43% | -15.66% |
Cashflow Statement
Concept | 2024 Q3 | 2024 Q2 | 2023 Q2 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$325.0K | -$19.15M | -$2.191M |
YoY Change | -96.76% | 773.63% | -331.92% |
Depreciation, Depletion And Amortization | $146.0K | $183.0K | $604.7K |
YoY Change | -74.19% | -69.74% | 55.64% |
Cash From Operating Activities | -$161.8K | -$541.5K | -$812.9K |
YoY Change | -49.44% | -33.38% | -138.49% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | ||
YoY Change | -100.0% | ||
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $45.00K | $75.00K | $0.00 |
YoY Change | |||
Cash From Investing Activities | $45.00K | $75.00K | $0.00 |
YoY Change | -325.0% | -100.0% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | -423.2K | -1.020M | -220.9K |
YoY Change | 24.47% | 361.68% | -40.97% |
NET CHANGE | |||
Cash From Operating Activities | -161.8K | -541.5K | -812.9K |
Cash From Investing Activities | 45.00K | 75.00K | 0.000 |
Cash From Financing Activities | -423.2K | -1.020M | -220.9K |
Net Change In Cash | -540.0K | -1.486M | -1.034M |
YoY Change | -20.59% | 43.77% | 38.35% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$161.8K | -$541.5K | -$812.9K |
Capital Expenditures | $0.00 | ||
Free Cash Flow | -$812.9K | ||
YoY Change | -117.68% |
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Other Income
OtherIncome
|
59533 | usd |
us-gaap |
Other Income
OtherIncome
|
106043 | usd | |
us-gaap |
Other Income
OtherIncome
|
140823 | usd | |
CY2024Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
519349 | usd |
CY2023Q2 | us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
217898 | usd |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1053961 | usd | |
us-gaap |
Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
|
1222630 | usd | |
CY2024Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
56872 | usd |
CY2023Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
56872 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
113744 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
113744 | usd | |
CY2024Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
359474 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
464504 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
813127 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
891788 | usd | |
CY2024Q2 | us-gaap |
Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
|
378850 | usd |
CY2023Q2 | us-gaap |
Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
|
509784 | usd |
us-gaap |
Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
|
763745 | usd | |
us-gaap |
Carrying Costs Property And Exploration Rights
CarryingCostsPropertyAndExplorationRights
|
1035496 | usd | |
CY2024Q2 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
92284 | usd |
CY2023Q2 | us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
121937 | usd |
us-gaap |
Real Estate Tax Expense
RealEstateTaxExpense
|
149952 | usd | |
us-gaap |
Depreciation
Depreciation
|
671607 | usd | |
us-gaap |
Depreciation
Depreciation
|
1209418 | usd | |
CY2024Q2 | us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
17449424 | usd |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
17998981 | usd | |
CY2024Q2 | us-gaap |
Interest Expense
InterestExpense
|
1144204 | usd |
CY2023Q2 | us-gaap |
Interest Expense
InterestExpense
|
651530 | usd |
us-gaap |
Interest Expense
InterestExpense
|
2159366 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
1188952 | usd | |
CY2024Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
19664518 | usd |
CY2023Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
2409337 | usd |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
22670522 | usd | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
4633567 | usd | |
us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
394394 | usd | |
us-gaap |
Gain Loss On Sale Of Property
GainLossOnSaleOfProperty
|
1040452 | usd | |
PW |
Loan Modification Expense
LoanModificationExpense
|
-160000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
880452 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2530485 | usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
326414 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2856899 | usd | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.84 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.84 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3389661 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3389661 | shares | |
us-gaap |
Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
|
0.97 | ||
CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2076998 | usd |
CY2024Q1 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
163207 | usd |
CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
216475 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19145169 | usd |
CY2024Q2 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
163207 | usd |
CY2024Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
190676 | usd |
CY2022Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35597084 | usd |
CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-339046 | usd |
CY2023Q1 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
163207 | usd |
CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
227009 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35321840 | usd |
CY2023Q1 | us-gaap |
Stockholders Equity
StockholdersEquity
|
35321840 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2191439 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
|
163207 | usd |
CY2023Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
225357 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33192551 | usd |
CY2023Q2 | us-gaap |
Stockholders Equity
StockholdersEquity
|
33192551 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21222167 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2530485 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
113744 | usd | |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
113744 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
15696 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
42951 | usd | |
PW |
Loan Modification Expense
LoanModificationExpense
|
-160000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
407151 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
452366 | usd | |
us-gaap |
Asset Impairment Charges
AssetImpairmentCharges
|
17998981 | usd | |
us-gaap |
Depreciation
Depreciation
|
671607 | usd | |
us-gaap |
Depreciation
Depreciation
|
1209418 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
394394 | usd | |
us-gaap |
Gain Loss On Sale Of Property Plant Equipment
GainLossOnSaleOfPropertyPlantEquipment
|
1040452 | usd | |
us-gaap |
Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
|
-62198 | usd | |
PW |
Increase Decrease In Deferred Rent Receivable
IncreaseDecreaseInDeferredRentReceivable
|
54402 | usd | |
PW |
Increase Decrease In Deferred Rent Receivable
IncreaseDecreaseInDeferredRentReceivable
|
-269984 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
514007 | usd | |
us-gaap |
Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
|
34595 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1480 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
79700 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
30867 | usd | |
us-gaap |
Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
|
-499140 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
1956572 | usd | |
us-gaap |
Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
|
142950 | usd | |
us-gaap |
Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
|
33000 | usd | |
us-gaap |
Increase Decrease In Prepaid Rent
IncreaseDecreaseInPrepaidRent
|
37161 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-943652 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-1689702 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
715642 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
2409178 | usd | |
us-gaap |
Proceeds From Sale Of Loans Receivable
ProceedsFromSaleOfLoansReceivable
|
155000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
870642 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
2409178 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
1096246 | usd | |
us-gaap |
Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
|
294414 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-1096246 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-294414 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-1169256 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
425062 | usd | |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4104884 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
3847871 | usd |
CY2024Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
2935628 | usd |
CY2023Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4272933 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
519601 | usd | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
1103063 | usd | |
PW |
Reclass Of Deferred Debt Issuance Costs To Liability Upon Reduction Of Total Loan Commitment
ReclassOfDeferredDebtIssuanceCostsToLiabilityUponReductionOfTotalLoanCommitment
|
46023 | usd | |
PW |
Dividends Accrued On Preferred Stock
DividendsAccruedOnPreferredStock
|
326414 | usd | |
PW |
Dividends Accrued On Preferred Stock
DividendsAccruedOnPreferredStock
|
326414 | usd | |
us-gaap |
Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
|
1250000 | usd | |
PW |
Accrued Interest Transferred To Loan
AccruedInterestTransferredToLoan
|
2181876 | usd | |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="xdx_80C_eus-gaap--NatureOfOperations_zEMDaGEAUeqb" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>1 – <span id="xdx_825_zY7bcDccBtb5">GENERAL INFORMATION</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Power REIT (the “Registrant” or the “Trust”, and together with its consolidated subsidiaries, “we”, “us”, or “Power REIT”, unless the context requires otherwise) is a Maryland-domiciled, internally-managed real estate investment trust (a “REIT”) that owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (“CEA”) in the United States.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying unaudited consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”) for interim financial information, and with the rules and regulations of the Securities and Exchange Commission (“SEC”) regarding interim financial reporting. Accordingly, these interim financial statements do not include all of the information and footnotes required by GAAP for complete financial statements. In the opinion of the Trust, as defined below, these unaudited consolidated financial statements include all adjustments necessary to present fairly the information set forth herein. All such adjustments are of a normal recurring nature. Results for interim periods are not necessarily indicative of results to be expected for a full year.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">These unaudited consolidated financial statements should be read in conjunction with the Trust’s audited consolidated financial statements and notes included in its latest Annual Report on Form 10-K for the fiscal year ended December 31, 2023 filed with the SEC on March 29, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust is structured as a holding company and owns its assets through twenty-four direct and indirect wholly-owned, special purpose subsidiaries that have been formed in order to hold real estate assets, obtain financing and generate lease revenue. As of June 30, 2024 the Trust’s assets consisted of approximately 112 miles of railroad infrastructure and related real estate which is owned by its subsidiary Pittsburgh & West Virginia Railroad (“P&WV”), approximately 447 acres of fee simple land leased to a number of utility scale solar power generating projects with an aggregate generating capacity of approximately 82 Megawatts (“MW”) and approximately 249 acres of land with approximately <span id="xdx_907_eus-gaap--AreaOfLand_iI_pid_uSqft_c20240630_zXaLGiSwQWGg" title="Area of land acquired">2,112,000</span> square feet of existing or under construction Controlled Environment Agriculture (“CEA”) properties in the form of greenhouses.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">During the six months ended June 30, 2024, the Trust accrued quarterly dividends of approximately $<span id="xdx_908_eus-gaap--RedeemablePreferredStockDividends_c20240101__20240630__us-gaap--StatementClassOfStockAxis__custom--SeriesACumulativeRedeemablePerpetualPreferredStockMember_zkrG5gxbLX0g" title="Redeemable preferred stock dividends">326,000</span> ($<span id="xdx_90F_eus-gaap--DividendsPayableAmountPerShare_iI_pid_c20240630__us-gaap--StatementClassOfStockAxis__custom--SeriesACumulativeRedeemablePerpetualPreferredStockMember_zSEECotM14ng" title="Dividends payable, amount per share">0.484375</span> per share per quarter) on Power REIT’s <span id="xdx_901_eus-gaap--PreferredStockDividendRatePercentage_pid_dp_uPure_c20240101__20240630__us-gaap--StatementClassOfStockAxis__custom--SeriesACumulativeRedeemablePerpetualPreferredStockMember_zOWg4a1LzJMe" title="Preferred stock cumulative redeemable percentage">7.75</span>% Series A Cumulative Redeemable Perpetual Preferred Stock.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 8, 2024, two wholly owned subsidiaries of Power REIT, PW CO CanRE Sherman 6 LLC and PW CO CanRE MF LLC, sold two cannabis related greenhouse cultivation properties located in Ordway, Colorado to an affiliate of a tenant of one of the properties. The properties are described in prior filings as Sherman 6 (the tenant of which is affiliated with the tenant/purchaser) and Tamarack 14 which was vacant. The purchaser was an unaffiliated third party and the price was established based on an arm’s length negotiation. The sale price was $<span id="xdx_902_eus-gaap--AssetAcquisitionConsiderationTransferred_c20240108__20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_zWQ2gOSwcnkk" title="Total consideration">1,325,000</span>. As part of the transaction, a subsidiary of the Trust provided seller financing in the amount of $<span id="xdx_907_eus-gaap--NotesPayable_iI_c20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_zNqyUIBIiSSb" title="Self financing amount">1,250,000</span> with an initial <span id="xdx_90F_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_z5JNAS98U1Wc" title="Interest rate maturity, percentage">10</span>% interest rate that increases over time to <span id="xdx_908_eus-gaap--LongTermDebtWeightedAverageInterestRateOverTime_dp_uPure_c20240108__20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_zGqpJon1y6xh" title="Interest rate increases over time">15</span>% until maturity. <span id="xdx_90D_eus-gaap--DebtInstrumentDescription_c20240108__20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_zxdancNPGJDe" title="Debt amortization, description">The seller financing has a three-year maturity with a fixed amortization schedule of $75,000 for the first month, $40,000 for the second and third months, $45,000 for the fourth month and $15,000 per month thereafter until maturity.</span> The note is secured by a first mortgage on the properties and certain corporate and personal guarantees.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 30, 2024, a wholly owned subsidiary of Power REIT, PW Salisbury Solar LLC, sold its interest in a ground lease related to a utility scale solar farm located in Salisbury, Massachusetts. for gross proceeds of $<span id="xdx_908_eus-gaap--ProceedsFromSaleOfPropertyPlantAndEquipment_pn5n6_c20240130__20240130__dei--LegalEntityAxis__custom--PWSalisburySolarLLCMember_zApFCJgGQZkb" title="Gross proceeds">1.2</span> million. The purchaser was an unaffiliated third party and the price was established based on an arm’s length negotiation. As part of the transaction, the existing municipal financing (“Municipal Debt”) and the regional bank loan (“PWSS Term Loan”) were paid off.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Trust has elected to be treated for tax purposes as a REIT, which means that it is exempt from U.S. federal income tax if a sufficient portion of its annual income is distributed to its shareholders, and if certain other requirements are met. In order for the Trust to maintain its REIT qualification, at least <span id="xdx_907_ecustom--MinimumPercentageOfTaxableIncomeToBeDistributedToShareholders_pid_dp_uPure_c20240101__20240630_zJbbchx0efh1" title="Minimum percentage of taxable income to be distributed to shareholders">90</span>% of its ordinary taxable annual income must be distributed to shareholders. As of December 31, 2022, the last tax return completed to date, the Trust has a net operating loss of $<span id="xdx_901_eus-gaap--OperatingIncomeLoss_pn5n6_c20220101__20221231_zxMHzqu0Jyj7" title="Net operating loss">24.5</span> million, which may reduce or eliminate this requirement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> | ||
CY2024Q2 | us-gaap |
Area Of Land
AreaOfLand
|
2112000 | sqft |
PW |
Minimum Percentage Of Taxable Income To Be Distributed To Shareholders
MinimumPercentageOfTaxableIncomeToBeDistributedToShareholders
|
0.90 | pure | |
CY2022 | us-gaap |
Operating Income Loss
OperatingIncomeLoss
|
24500000 | usd |
CY2024Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2455133 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
2202632 | usd |
CY2024Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
480495 | usd |
CY2023Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
1902252 | usd |
CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
4104884 | usd |
CY2024Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-19145169 | usd |
CY2023Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-2191439 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-21222167 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2530485 | usd | |
CY2024Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
163207 | usd |
CY2023Q2 | us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
163207 | usd |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
326414 | usd | |
us-gaap |
Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
|
326414 | usd | |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-19308376 | usd |
CY2024Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-19308376 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2354646 | usd |
CY2023Q2 | us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-2354646 | usd |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-21548581 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-21548581 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
|
-2856899 | usd | |
us-gaap |
Net Income Loss Available To Common Stockholders Diluted
NetIncomeLossAvailableToCommonStockholdersDiluted
|
-2856899 | usd | |
CY2024Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3389661 | shares |
CY2024Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3389661 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3389661 | shares |
CY2023Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3389661 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3389661 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3389661 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3389661 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3389661 | shares | |
CY2024Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-5.70 | |
CY2024Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-5.70 | |
CY2023Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.69 | |
CY2023Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.69 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-6.36 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-6.36 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.84 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.84 | ||
CY2024Q2 | us-gaap |
Depreciation
Depreciation
|
183000 | usd |
CY2023Q2 | us-gaap |
Depreciation
Depreciation
|
605000 | usd |
us-gaap |
Depreciation
Depreciation
|
672000 | usd | |
us-gaap |
Depreciation
Depreciation
|
1209000 | usd | |
CY2024Q1 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
550000 | usd |
CY2024Q2 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
17449000 | usd |
us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
17999000 | usd | |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
315000 | usd |
us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
315000 | usd | |
CY2024Q2 | us-gaap |
Straight Line Rent
StraightLineRent
|
200779 | usd |
CY2023Q2 | us-gaap |
Straight Line Rent
StraightLineRent
|
223152 | usd |
us-gaap |
Straight Line Rent
StraightLineRent
|
401558 | usd | |
us-gaap |
Straight Line Rent
StraightLineRent
|
483465 | usd | |
CY2024Q2 | PW |
Cash Basis Rent
CashBasisRent
|
29000 | usd |
CY2023Q2 | PW |
Cash Basis Rent
CashBasisRent
|
-293537 | usd |
PW |
Cash Basis Rent
CashBasisRent
|
88860 | usd | |
PW |
Cash Basis Rent
CashBasisRent
|
140842 | usd | |
CY2024Q2 | PW |
Rental Income
RentalIncome
|
229779 | usd |
CY2023Q2 | PW |
Rental Income
RentalIncome
|
-70385 | usd |
PW |
Rental Income
RentalIncome
|
490418 | usd | |
PW |
Rental Income
RentalIncome
|
624307 | usd | |
CY2024Q2 | PW |
Deferred Rent Receivables Including Of Held For Sale Amount
DeferredRentReceivablesIncludingOfHeldForSaleAmount
|
493000 | usd |
CY2023Q4 | PW |
Deferred Rent Receivables Including Of Held For Sale Amount
DeferredRentReceivablesIncludingOfHeldForSaleAmount
|
452000 | usd |
CY2024Q2 | us-gaap |
Prepaid Rent
PrepaidRent
|
0 | usd |
CY2023Q4 | us-gaap |
Prepaid Rent
PrepaidRent
|
33000 | usd |
CY2024Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
CY2023Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | usd | |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
113744 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
227488 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
|
227488 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
|
227488 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
|
227488 | usd |
CY2024Q2 | PW |
Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
|
1366981 | usd |
CY2024Q2 | us-gaap |
Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
|
2390677 | usd |
CY2024Q2 | us-gaap |
Real Estate Investments Other
RealEstateInvestmentsOther
|
9150000 | usd |
CY2024Q2 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
137000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
58000 | usd |
us-gaap |
Debt Instrument Maturity Date Description
DebtInstrumentMaturityDateDescription
|
The loan is payable annually over five years with a 1.9% interest rate and matures on August 21, 2028. | ||
CY2024Q2 | us-gaap |
Other Assets
OtherAssets
|
62000 | usd |
CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
70000 | usd |
CY2023Q4 | us-gaap |
Proceeds From Sale Of Mortgage Loans Held For Sale
ProceedsFromSaleOfMortgageLoansHeldForSale
|
850000 | usd |
CY2023Q4 | srt |
Mortgage Loans On Real Estate Interest Rate
MortgageLoansOnRealEstateInterestRate
|
0.085 | pure |
us-gaap |
Other Income
OtherIncome
|
106000 | usd | |
us-gaap |
Other Income
OtherIncome
|
141000 | usd | |
us-gaap |
Payments For Other Taxes
PaymentsForOtherTaxes
|
73000 | usd | |
us-gaap |
Payments For Other Taxes
PaymentsForOtherTaxes
|
73000 | usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
32000 | usd | |
us-gaap |
Interest Income Other
InterestIncomeOther
|
32000 | usd | |
PW |
Forgiveness Of Accounts Payable
ForgivenessOfAccountsPayable
|
26000 | usd | |
PW |
Forgiveness Of Accounts Payable
ForgivenessOfAccountsPayable
|
26000 | usd | |
CY2024Q2 | us-gaap |
Other Income
OtherIncome
|
61000 | usd |
CY2023Q2 | us-gaap |
Other Income
OtherIncome
|
60000 | usd |
CY2024Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
23000 | usd |
CY2023Q2 | us-gaap |
Interest Income Other
InterestIncomeOther
|
23000 | usd |
CY2024Q2 | PW |
Forgiveness Of Accounts Payable
ForgivenessOfAccountsPayable
|
26000 | usd |
CY2023Q2 | PW |
Forgiveness Of Accounts Payable
ForgivenessOfAccountsPayable
|
26000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
813000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
892000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
407000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
452000 | usd | |
CY2024Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
359000 | usd |
CY2023Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
465000 | usd |
CY2024Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
191000 | usd |
CY2023Q2 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
225000 | usd |
CY2024Q2 | us-gaap |
Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
|
2935628 | usd |
CY2023 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect Continuing Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffectContinuingOperations
|
1169256 | usd |
CY2024Q2 | us-gaap |
Liabilities Current
LiabilitiesCurrent
|
16400000 | usd |
CY2024Q2 | PW |
Nonrestricted Cash Available
NonrestrictedCashAvailable
|
2500000 | usd |
CY2024Q2 | us-gaap |
Other Loans Payable
OtherLoansPayable
|
456000 | usd |
PW |
Agreement Maturity Date
AgreementMaturityDate
|
2024-09-30 | ||
CY2024Q1 | us-gaap |
Proceeds From Sale Of Property Plant And Equipment
ProceedsFromSaleOfPropertyPlantAndEquipment
|
1200000 | usd |
CY2023Q2 | us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
315000 | usd |
us-gaap |
Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
|
315000 | usd | |
us-gaap |
Lease Income
LeaseIncome
|
948000 | usd | |
us-gaap |
Lease Income
LeaseIncome
|
1082000 | usd | |
CY2024Q2 | us-gaap |
Lease Income
LeaseIncome
|
459000 | usd |
CY2023Q2 | us-gaap |
Lease Income
LeaseIncome
|
158000 | usd |
PW |
Trust Loan Modification Expense
TrustLoanModificationExpense
|
624000 | usd | |
PW |
Trust Loan Modification Expense
TrustLoanModificationExpense
|
0 | usd | |
CY2024Q2 | PW |
Trust Loan Modification Expense
TrustLoanModificationExpense
|
373000 | usd |
CY2023Q2 | PW |
Trust Loan Modification Expense
TrustLoanModificationExpense
|
0 | usd |
PW |
Accrued Loan Expenses
AccruedLoanExpenses
|
2182000 | usd | |
CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
16211049 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
749218 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
791212 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
835036 | usd |
CY2024Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
880909 | usd |
CY2024Q2 | PW |
Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
|
17913996 | usd |
CY2024Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
37381420 | usd |
CY2024Q2 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
17400000 | usd |
CY2023Q2 | us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
0 | usd |
us-gaap |
Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
|
18000000.0 | usd | |
CY2024Q2 | PW |
Land Assets Held For Sale
LandAssetsHeldForSale
|
1609673 | usd |
CY2023Q4 | PW |
Land Assets Held For Sale
LandAssetsHeldForSale
|
2815730 | usd |
CY2024Q2 | PW |
Greenhouse Cultivation And Processing Facilities Net Of Accumulated Depreciation
GreenhouseCultivationAndProcessingFacilitiesNetOfAccumulatedDepreciation
|
16171777 | usd |
CY2023Q4 | PW |
Greenhouse Cultivation And Processing Facilities Net Of Accumulated Depreciation
GreenhouseCultivationAndProcessingFacilitiesNetOfAccumulatedDepreciation
|
31532816 | usd |
CY2024Q2 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
31416 | usd |
CY2023Q4 | us-gaap |
Prepaid Expense Current
PrepaidExpenseCurrent
|
1457 | usd |
CY2023Q4 | PW |
Deferred Rent Receivable Held For Sale
DeferredRentReceivableHeldForSale
|
13169 | usd |
CY2024Q2 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
17812866 | usd |
CY2023Q4 | us-gaap |
Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
|
34363172 | usd |
CY2024Q2 | PW |
Accounts Payable Held For Sale
AccountsPayableHeldForSale
|
793991 | usd |
CY2023Q4 | PW |
Accounts Payable Held For Sale
AccountsPayableHeldForSale
|
792669 | usd |
CY2024Q2 | PW |
Tenant Security Deposits Held For Sale
TenantSecurityDepositsHeldForSale
|
895492 | usd |
CY2023Q4 | PW |
Tenant Security Deposits Held For Sale
TenantSecurityDepositsHeldForSale
|
895492 | usd |
CY2023Q4 | PW |
Prepaid Rent Held For Sale
PrepaidRentHeldForSale
|
30000 | usd |
CY2024Q2 | PW |
Accrued Expenses Held For Sale
AccruedExpensesHeldForSale
|
602242 | usd |
CY2023Q4 | PW |
Accrued Expenses Held For Sale
AccruedExpensesHeldForSale
|
501767 | usd |
CY2023Q4 | PW |
Long Term Debt Current Held For Sale
LongTermDebtCurrentHeldForSale
|
462411 | usd |
CY2023Q4 | PW |
Long Term Debt Noncurrent Held For Sale
LongTermDebtNoncurrentHeldForSale
|
44712 | usd |
CY2024Q2 | PW |
Liabilities Held For Sale Not Part Of Disposal Group
LiabilitiesHeldForSaleNotPartOfDisposalGroup
|
2291725 | usd |
CY2023Q4 | PW |
Liabilities Held For Sale Not Part Of Disposal Group
LiabilitiesHeldForSaleNotPartOfDisposalGroup
|
2727051 | usd |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
|
1925002 | shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
|
0.63 | pure | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
0 | pure | |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P5Y9M18D | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
|
0.0305 | pure | |
PW |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Estimate Of Forfeiture Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsEstimateOfForfeitureRate
|
0 | pure | |
CY2023Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
6250 | shares |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P8Y14D | ||
us-gaap |
Cost Direct Labor
CostDirectLabor
|
84793 | usd | |
CY2023Q2 | us-gaap |
Cost Direct Labor
CostDirectLabor
|
34337 | usd |
CY2023Q4 | PW |
Loss Contingency
LossContingency
|
600000 | usd |
ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | ||
ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | ||
ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | ||
ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |