2024 Q4 Form 10-Q Financial Statement

#000149315224043245 Filed on October 31, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $1.426M $488.5K
YoY Change 191.92% -75.67%
Cost Of Revenue $398.0K $410.0K
YoY Change -2.92%
Gross Profit $1.028M $80.00K
YoY Change 1185.09%
Gross Profit Margin 72.09% 16.38%
Selling, General & Admin $433.5K $580.0K
YoY Change -25.26% 33.98%
% of Gross Profit 42.16% 725.0%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $146.0K $565.7K
YoY Change -74.19% 42.04%
% of Gross Profit 14.2% 707.18%
Operating Expenses $635.9K $1.190M
YoY Change -46.56% 27.22%
Operating Profit $392.1K -$1.110M
YoY Change -135.33%
Interest Expense $872.5K $667.1K
YoY Change 30.79% 36.34%
% of Operating Profit 222.49%
Other Income/Expense, Net $350.7K
YoY Change
Pretax Income -$325.0K -$10.02M
YoY Change -96.76% -1818.78%
Income Tax
% Of Pretax Income
Net Earnings -$325.0K -$10.02M
YoY Change -96.76% -1819.25%
Net Earnings / Revenue -22.79% -2051.61%
Basic Earnings Per Share -$0.14 -$3.01
Diluted Earnings Per Share -$0.14 -$3.01
COMMON SHARES
Basic Shares Outstanding 3.390M shares 3.390M shares 3.390M shares
Diluted Shares Outstanding 3.390M shares 3.390M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $2.232M $2.600M
YoY Change -14.14% -38.42%
Cash & Equivalents $2.232M $2.606M
Short-Term Investments
Other Short-Term Assets $337.0K $13.30M
YoY Change -97.47% 68598.35%
Inventory
Prepaid Expenses $181.7K
Receivables $0.00
Other Receivables $300.0K
Total Short-Term Assets $2.901M $16.20M
YoY Change -82.09% 191.01%
LONG-TERM ASSETS
Property, Plant & Equipment $13.62M $54.10M
YoY Change -74.82% -42.91%
Goodwill
YoY Change
Intangibles $2.334M $2.561M
YoY Change -8.88% -25.72%
Long-Term Investments
YoY Change
Other Assets $27.68M $1.000M
YoY Change 2668.35%
Total Long-Term Assets $45.54M $57.78M
YoY Change -21.19% -41.2%
TOTAL ASSETS
Total Short-Term Assets $2.901M $16.20M
Total Long-Term Assets $45.54M $57.78M
Total Assets $48.44M $73.98M
YoY Change -34.52% -28.75%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $16.25K $1.000M
YoY Change -98.38% -0.5%
Accrued Expenses $105.8K $729.0K
YoY Change -85.49% 401.73%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due $16.99M $16.87M
YoY Change 0.74% 506.01%
Total Short-Term Liabilities $17.00M $20.70M
YoY Change -17.87% 182.11%
LONG-TERM LIABILITIES
Long-Term Debt $20.04M $20.86M
YoY Change -3.91% -41.41%
Other Long-Term Liabilities $100.0K
YoY Change -11.44%
Total Long-Term Liabilities $20.04M $20.86M
YoY Change -3.91% -41.41%
TOTAL LIABILITIES
Total Short-Term Liabilities $17.00M $20.70M
Total Long-Term Liabilities $20.04M $20.86M
Total Liabilities $38.67M $41.61M
YoY Change -7.09% -3.34%
SHAREHOLDERS EQUITY
Retained Earnings -$46.53M -$23.82M
YoY Change 95.33% -486.23%
Common Stock $47.81M $47.04M
YoY Change 1.63% 2.01%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.770M $23.22M
YoY Change
Total Liabilities & Shareholders Equity $48.44M $73.98M
YoY Change -34.52% -28.75%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income -$325.0K -$10.02M
YoY Change -96.76% -1819.25%
Depreciation, Depletion And Amortization $146.0K $565.7K
YoY Change -74.19% 42.04%
Cash From Operating Activities -$161.8K -$320.0K
YoY Change -49.44% -123.83%
INVESTING ACTIVITIES
Capital Expenditures $20.00K
YoY Change -100.86%
Acquisitions
YoY Change
Other Investing Activities $45.00K $0.00
YoY Change
Cash From Investing Activities $45.00K -$20.00K
YoY Change -325.0% -99.14%
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 -340.0K
YoY Change 24.47% -108.47%
NET CHANGE
Cash From Operating Activities -161.8K -320.0K
Cash From Investing Activities 45.00K -20.00K
Cash From Financing Activities -423.2K -340.0K
Net Change In Cash -540.0K -680.0K
YoY Change -20.59% -122.44%
FREE CASH FLOW
Cash From Operating Activities -$161.8K -$320.0K
Capital Expenditures $20.00K
Free Cash Flow -$340.0K
YoY Change -109.27%

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3389661 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3389661 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3389661 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3389661 shares
CY2024Q3 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.48
CY2023Q3 us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
0.48
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
1.45
us-gaap Preferred Stock Dividends Per Share Declared
PreferredStockDividendsPerShareDeclared
1.45
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
30770044 usd
CY2024Q1 us-gaap Net Income Loss
NetIncomeLoss
-2076998 usd
CY2024Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
216475 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
28909521 usd
CY2024Q2 us-gaap Net Income Loss
NetIncomeLoss
-19145169 usd
CY2024Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
190676 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-325015 usd
CY2024Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
143212 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
9773225 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
44250243 usd
CY2023Q1 us-gaap Net Income Loss
NetIncomeLoss
-339046 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
227009 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
44138206 usd
CY2023Q2 us-gaap Net Income Loss
NetIncomeLoss
-2191439 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
225357 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
42172124 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
42172124 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-10022736 usd
CY2023Q3 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
216474 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
32365862 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
32365862 usd
us-gaap Net Income Loss
NetIncomeLoss
-21547182 usd
us-gaap Net Income Loss
NetIncomeLoss
-12553221 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
170616 usd
us-gaap Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
170616 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
23542 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
63746 usd
PW Loan Modification Expense
LoanModificationExpense
-160000 usd
us-gaap Share Based Compensation
ShareBasedCompensation
550363 usd
us-gaap Share Based Compensation
ShareBasedCompensation
668840 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
18194384 usd
us-gaap Asset Impairment Charges
AssetImpairmentCharges
8235136 usd
us-gaap Depreciation
Depreciation
817194 usd
us-gaap Depreciation
Depreciation
1775160 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
-107140 usd
PW Increase Decrease In Deferred Rent Receivable
IncreaseDecreaseInDeferredRentReceivable
-427901 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
307259 usd
us-gaap Increase Decrease In Prepaid Expenses Other
IncreaseDecreaseInPrepaidExpensesOther
43257 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
1373 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-479322 usd
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-505395 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
-924724 usd
us-gaap Increase Decrease In Security Deposits
IncreaseDecreaseInSecurityDeposits
300000 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
2717203 usd
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
311041 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
-1105439 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-2006221 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
200000 usd
us-gaap Payments To Acquire Productive Assets
PaymentsToAcquireProductiveAssets
15000 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
915642 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
2394178 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
1519445 usd
us-gaap Repayments Of Long Term Debt
RepaymentsOfLongTermDebt
630139 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-1519445 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-630139 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-1709242 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-242182 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
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2395642 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3605689 usd
us-gaap Interest Paid Net
InterestPaidNet
751462 usd
us-gaap Interest Paid Net
InterestPaidNet
1737442 usd
PW Reclass Of Deferred Debt Issuance Costs To Liability Upon Reduction Of Total Loan Commitment
ReclassOfDeferredDebtIssuanceCostsToLiabilityUponReductionOfTotalLoanCommitment
46023 usd
us-gaap Notes Issued1
NotesIssued1
57675 usd
us-gaap Mortgage Loan Related To Property Sales1
MortgageLoanRelatedToPropertySales1
1250000 usd
PW Accrued Interest Transferred To Loan
AccruedInterestTransferredToLoan
2801247 usd
us-gaap Nature Of Operations
NatureOfOperations
<p id="xdx_80C_eus-gaap--NatureOfOperations_zXNDv6SqnZH1" 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_826_znG4xDQjfIX5">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 September 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 &amp; West Virginia Railroad (“P&amp;WV”), approximately <span id="xdx_90B_eus-gaap--LandSubjectToGroundLeases_iI_uAcre_c20240930_zzwwV8GQBJdj" title="Leased land">447</span> acres of fee simple land leased to a utility scale solar power generating project with a generating capacity of approximately 82 Megawatts (“MW”) and approximately <span id="xdx_902_eus-gaap--NetRentableArea_iI_uAcre_c20240930_zeWAxEJwr746" title="Land">249</span> acres of land with approximately <span id="xdx_902_eus-gaap--AreaOfLand_iI_pid_uSqft_c20240930_zNZg7P9owywl" 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 nine months ended September 30, 2024, the Trust did not declare quarterly dividends of approximately $<span id="xdx_904_eus-gaap--RedeemablePreferredStockDividends_c20240101__20240930__us-gaap--StatementClassOfStockAxis__custom--SeriesACumulativeRedeemablePerpetualPreferredStockMember_zNKXD7jXPCq5" title="Redeemable preferred stock dividends">490,000</span> ($<span id="xdx_903_eus-gaap--DividendsPayableAmountPerShare_iI_pid_c20240930__us-gaap--StatementClassOfStockAxis__custom--SeriesACumulativeRedeemablePerpetualPreferredStockMember_zRexERm8jzx" title="Dividends payable, amount per share">0.484375</span> per share per quarter) on Power REIT’s <span id="xdx_908_eus-gaap--PreferredStockDividendRatePercentage_pid_dp_uPure_c20240101__20240930__us-gaap--StatementClassOfStockAxis__custom--SeriesACumulativeRedeemablePerpetualPreferredStockMember_zfmbuG4ZaJia" 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_zi9lb9fwBWye" 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_zbd3EuQUgXK9" title="Self financing amount">1,250,000</span> with an initial <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_dp_uPure_c20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_zqzqYaDQPqIj" 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_zxda67yNsoS8" title="Interest rate increases over time">15</span>% until maturity. <span id="xdx_90D_eus-gaap--DebtInstrumentDescription_c20240108__20240108__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--GreenhousePropertiesMember_z6ZLaO9hwTrk" 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_z1JzYmC34Jh7" 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 90% of its ordinary taxable annual income must be distributed to shareholders. As of December 31, 2023, the last tax return completed to date, the Trust has a net operating loss of $<span id="xdx_90A_eus-gaap--GainLossOnSaleOfLeasedAssetsNetOperatingLeases_pn5n6_c20240130__20240130__dei--LegalEntityAxis__custom--PWSalisburySolarLLCMember_zWmaBJvJHIlh" title="Net operating loss">30.8</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; 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"> </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>
CY2024Q3 us-gaap Land Subject To Ground Leases
LandSubjectToGroundLeases
447 acre
CY2024Q3 us-gaap Net Rentable Area
NetRentableArea
249 acre
CY2024Q3 us-gaap Area Of Land
AreaOfLand
2112000 sqft
CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2232240 usd
CY2023Q4 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2202632 usd
CY2024Q3 us-gaap Restricted Cash
RestrictedCash
163402 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
1902252 usd
CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2395642 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4104884 usd
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
-325015 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
-10022736 usd
us-gaap Net Income Loss
NetIncomeLoss
-21547182 usd
us-gaap Net Income Loss
NetIncomeLoss
-12553221 usd
CY2024Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
163207 usd
CY2023Q3 us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
163207 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
489621 usd
us-gaap Preferred Stock Dividends Income Statement Impact
PreferredStockDividendsIncomeStatementImpact
489621 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-488222 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-10185943 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-22036803 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-13042842 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3389661 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
3389661 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
3389661 shares
CY2023Q3 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
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.14
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.14
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.01
CY2023Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.01
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.01
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-6.50
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-6.50
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.85
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-3.85
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-3.85
CY2024Q3 us-gaap Depreciation
Depreciation
146000 usd
CY2023Q3 us-gaap Depreciation
Depreciation
566000 usd
us-gaap Depreciation
Depreciation
817000 usd
us-gaap Depreciation
Depreciation
1775000 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
CY2024Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
195000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
18194000 usd
CY2023Q1 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2023Q2 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
0 usd
CY2023Q3 us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
8235000 usd
us-gaap Impairment Of Long Lived Assets To Be Disposed Of
ImpairmentOfLongLivedAssetsToBeDisposedOf
8235000 usd
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
315000 usd
CY2024Q3 PW Security Deposit Recognized As Rental Income
SecurityDepositRecognizedAsRentalIncome
924724 usd
CY2024Q3 us-gaap Straight Line Rent
StraightLineRent
200780 usd
CY2023Q3 us-gaap Straight Line Rent
StraightLineRent
223152 usd
us-gaap Straight Line Rent
StraightLineRent
602338 usd
us-gaap Straight Line Rent
StraightLineRent
706617 usd
CY2024Q3 PW Cash Basis Rent
CashBasisRent
13000 usd
CY2023Q3 PW Cash Basis Rent
CashBasisRent
10000 usd
PW Cash Basis Rent
CashBasisRent
101860 usd
PW Cash Basis Rent
CashBasisRent
150842 usd
CY2024Q3 PW Security Deposit Recognized As Rental Income
SecurityDepositRecognizedAsRentalIncome
924724 usd
PW Security Deposit Recognized As Rental Income
SecurityDepositRecognizedAsRentalIncome
924724 usd
CY2024Q3 PW Rental Income
RentalIncome
1138504 usd
CY2023Q3 PW Rental Income
RentalIncome
233152 usd
PW Rental Income
RentalIncome
1628922 usd
PW Rental Income
RentalIncome
857459 usd
CY2024Q3 PW Deferred Rent Receivables Including Of Held For Sale Amount
DeferredRentReceivablesIncludingOfHeldForSaleAmount
332000 usd
CY2023Q4 PW Deferred Rent Receivables Including Of Held For Sale Amount
DeferredRentReceivablesIncludingOfHeldForSaleAmount
452000 usd
CY2024Q3 us-gaap Prepaid Rent
PrepaidRent
0 usd
CY2023Q4 us-gaap Prepaid Rent
PrepaidRent
33000 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2023Q3 us-gaap Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
0 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
56872 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
227488 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
227488 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Three
FiniteLivedIntangibleAssetsAmortizationExpenseYearThree
227488 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Amortization Expense Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseYearFour
227488 usd
CY2024Q3 PW Finite Lived Intangible Assets Amortization Expense After Year Four
FiniteLivedIntangibleAssetsAmortizationExpenseAfterYearFour
1366981 usd
CY2024Q3 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
2333805 usd
CY2024Q3 us-gaap Real Estate Investments Other
RealEstateInvestmentsOther
9150000 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
CY2023Q4 srt Mortgage Loan On Real Estate Final Maturity Date
MortgageLoanOnRealEstateFinalMaturityDate
2025-10-30
CY2023Q3 us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
59000 usd
CY2024Q3 us-gaap Interest Income Operating
InterestIncomeOperating
55800 usd
CY2023Q3 PW Interest Income
InterestIncome
27000 usd
us-gaap Other Interest And Dividend Income
OtherInterestAndDividendIncome
165000 usd
us-gaap Payments For Fees
PaymentsForFees
141000 usd
us-gaap Payments For Other Taxes
PaymentsForOtherTaxes
73000 usd
PW Interest Income
InterestIncome
59000 usd
CY2024Q3 us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
351000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
351000 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
27000 usd
CY2024Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
338000 usd
CY2023Q3 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
439000 usd
CY2024Q3 us-gaap Share Based Compensation
ShareBasedCompensation
143000 usd
CY2023Q3 us-gaap Share Based Compensation
ShareBasedCompensation
216000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1151000 usd
us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
1331000 usd
PW Noncash Stock Compensation Expense
NoncashStockCompensationExpense
550000 usd
PW Noncash Stock Compensation Expense
NoncashStockCompensationExpense
669000 usd
CY2023Q4 us-gaap Assets
Assets
70210240 usd
CY2023Q4 us-gaap Liabilities
Liabilities
39440196 usd
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2023 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2023Q4 us-gaap Preferred Stock Value
PreferredStockValue
8489952 usd
CY2023Q4 us-gaap Common Stock Value
CommonStockValue
3389 usd
CY2023Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
47254625 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-24977922 usd
CY2023Q4 us-gaap Stockholders Equity
StockholdersEquity
30770044 usd
CY2023Q4 us-gaap Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
70210240 usd
CY2022 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2022Q4 us-gaap Preferred Stock Value
PreferredStockValue
8489952 usd
CY2022Q4 us-gaap Common Stock Value
CommonStockValue
3389 usd
CY2022Q4 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
46369311 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10612409 usd
CY2022Q4 us-gaap Stockholders Equity
StockholdersEquity
44250243 usd
CY2023Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2023Q1 us-gaap Preferred Stock Value
PreferredStockValue
8489952 usd
CY2023Q1 us-gaap Common Stock Value
CommonStockValue
3389 usd
CY2023Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
46596320 usd
CY2023Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-10951455 usd
CY2023Q1 us-gaap Stockholders Equity
StockholdersEquity
44138206 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2023Q2 us-gaap Preferred Stock Value
PreferredStockValue
8489952 usd
CY2023Q2 us-gaap Common Stock Value
CommonStockValue
3389 usd
CY2023Q2 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
46821677 usd
CY2023Q2 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-13142894 usd
CY2023Q2 us-gaap Stockholders Equity
StockholdersEquity
42172124 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2023Q3 us-gaap Preferred Stock Value
PreferredStockValue
8489952 usd
CY2023Q3 us-gaap Common Stock Value
CommonStockValue
3389 usd
CY2023Q3 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
47038151 usd
CY2023Q3 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-23165630 usd
CY2023Q3 us-gaap Stockholders Equity
StockholdersEquity
32365862 usd
CY2024Q1 us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2024Q1 us-gaap Preferred Stock Value
PreferredStockValue
8489952 usd
CY2024Q1 us-gaap Common Stock Value
CommonStockValue
3389 usd
CY2024Q1 us-gaap Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
47471100 usd
CY2024Q1 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
-27054920 usd
CY2024Q1 us-gaap Stockholders Equity
StockholdersEquity
28909521 usd
us-gaap Preferred Stock Dividend Rate Percentage
PreferredStockDividendRatePercentage
0.0775 pure
CY2024Q2 us-gaap Stockholders Equity
StockholdersEquity
10000000 usd
CY2024Q3 PW Land Assets Held For Sale
LandAssetsHeldForSale
2676269 usd
CY2023Q4 PW Land Assets Held For Sale
LandAssetsHeldForSale
3949827 usd
CY2024Q3 PW Greenhouse Cultivation And Processing Facilities Net Of Accumulated Depreciation
GreenhouseCultivationAndProcessingFacilitiesNetOfAccumulatedDepreciation
24591372 usd
CY2023Q4 PW Greenhouse Cultivation And Processing Facilities Net Of Accumulated Depreciation
GreenhouseCultivationAndProcessingFacilitiesNetOfAccumulatedDepreciation
44434266 usd
CY2024Q3 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
181734 usd
CY2023Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
14021 usd
CY2023Q4 PW Deferred Rent Receivable Held For Sale
DeferredRentReceivableHeldForSale
13169 usd
CY2024Q3 us-gaap Other Assets
OtherAssets
70724 usd
CY2023Q4 us-gaap Other Assets
OtherAssets
69972 usd
CY2024Q3 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
27520099 usd
CY2023Q4 us-gaap Assets Held For Sale Not Part Of Disposal Group
AssetsHeldForSaleNotPartOfDisposalGroup
48481255 usd
CY2024Q3 PW Accounts Payable Held For Sale
AccountsPayableHeldForSale
355868 usd
CY2023Q4 PW Accounts Payable Held For Sale
AccountsPayableHeldForSale
847795 usd
CY2024Q3 PW Tenant Security Deposits Held For Sale
TenantSecurityDepositsHeldForSale
67492 usd
CY2023Q4 PW Tenant Security Deposits Held For Sale
TenantSecurityDepositsHeldForSale
992216 usd
CY2023Q4 PW Prepaid Rent Held For Sale
PrepaidRentHeldForSale
33000 usd
CY2024Q3 PW Accrued Expenses Held For Sale
AccruedExpensesHeldForSale
1027175 usd
CY2023Q4 PW Accrued Expenses Held For Sale
AccruedExpensesHeldForSale
781528 usd
CY2024Q3 PW Other Liabilities Held For Sale
OtherLiabilitiesHeldForSale
57675 usd
CY2023Q4 PW Other Liabilities Held For Sale
OtherLiabilitiesHeldForSale
57675 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
CY2024Q3 PW Liabilities Held For Sale Not Part Of Disposal Group
LiabilitiesHeldForSaleNotPartOfDisposalGroup
1508210 usd
CY2023Q4 PW Liabilities Held For Sale Not Part Of Disposal Group
LiabilitiesHeldForSaleNotPartOfDisposalGroup
3219337 usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Issued In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesIssuedInPeriod
1925002 shares
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
2000000 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
9770000 usd
CY2024Q3 us-gaap Restricted Cash And Cash Equivalents
RestrictedCashAndCashEquivalents
2395642 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect Continuing Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffectContinuingOperations
1709242 usd
CY2024Q3 us-gaap Liabilities Current
LiabilitiesCurrent
17000000.0 usd
CY2024Q3 PW Nonrestricted Cash Available
NonrestrictedCashAvailable
2200000 usd
CY2024Q3 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
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
315000 usd
CY2024Q3 us-gaap Lease Income
LeaseIncome
1367000 usd
CY2024Q3 us-gaap Sublease Income
SubleaseIncome
925000 usd
CY2023Q3 us-gaap Lease Income
LeaseIncome
462000 usd
us-gaap Lease Income
LeaseIncome
2315000 usd
us-gaap Sublease Income
SubleaseIncome
925000 usd
us-gaap Lease Income
LeaseIncome
1544000 usd
PW Trust Loan Modification Expense
TrustLoanModificationExpense
739000 usd
PW Trust Loan Modification Expense
TrustLoanModificationExpense
0 usd
CY2024Q3 PW Trust Loan Modification Expense
TrustLoanModificationExpense
116000 usd
CY2023Q3 PW Trust Loan Modification Expense
TrustLoanModificationExpense
0 usd
PW Accrued Loan Expenses
AccruedLoanExpenses
2801000 usd
CY2024Q3 PW Accrued Loan Expenses
AccruedLoanExpenses
2801000 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
16351974 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
749218 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
791212 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
835036 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
880909 usd
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
CY2023Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
1250 shares
CY2024Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
4722 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y7M6D
us-gaap Cost Direct Labor
CostDirectLabor
124035 usd
CY2023Q3 us-gaap Cost Direct Labor
CostDirectLabor
39242 usd
us-gaap Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
351000 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

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