2024 Q3 Form 10-Q Financial Statement

#000143774924026730 Filed on August 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q3 2024 Q2
Revenue $4.723M $4.587M
YoY Change 5.33% 0.94%
Cost Of Revenue $1.598M $1.493M
YoY Change 7.97% 6.67%
Gross Profit $3.125M $3.094M
YoY Change 3.83% -1.61%
Gross Profit Margin 66.17% 67.46%
Selling, General & Admin $1.630M $2.203M
YoY Change -0.61% 21.49%
% of Gross Profit 52.15% 71.2%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.456M $1.351M
YoY Change 7.71% -1.28%
% of Gross Profit 46.58% 43.68%
Operating Expenses $5.381M $5.148M
YoY Change 20.49% 12.37%
Operating Profit -$2.256M -$2.054M
YoY Change 54.94% 42.99%
Interest Expense $1.474M $1.526M
YoY Change 7.15% 14.17%
% of Operating Profit
Other Income/Expense, Net -$5.047M -$10.82M
YoY Change -122.79% 6359.88%
Pretax Income -$5.697M -$11.30M
YoY Change -125.56% -7928.19%
Income Tax $6.911K $81.02K
% Of Pretax Income
Net Earnings -$6.060M -$11.85M
YoY Change -128.2% 811.67%
Net Earnings / Revenue -128.29% -258.32%
Basic Earnings Per Share -$0.53 -$1.00
Diluted Earnings Per Share -$0.53 -$1.00
COMMON SHARES
Basic Shares Outstanding 14.53M 14.46M
Diluted Shares Outstanding

Balance Sheet

Concept 2024 Q3 2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $7.200M $8.500M
YoY Change -14.43% -10.14%
Cash & Equivalents $7.200M $8.500M
Short-Term Investments $0.00 $0.00
Other Short-Term Assets $636.7K $513.4K
YoY Change 27.34% -29.2%
Inventory
Prepaid Expenses
Receivables $135.4K $312.0K
Other Receivables $0.00 $0.00
Total Short-Term Assets $4.472M $6.160M
YoY Change -48.6% -37.61%
LONG-TERM ASSETS
Property, Plant & Equipment $118.1M $128.5M
YoY Change -13.13% -6.66%
Goodwill $1.574M $1.574M
YoY Change -35.04% -35.04%
Intangibles
YoY Change
Long-Term Investments $481.2K $4.414M
YoY Change -98.04% -81.68%
Other Assets $18.78M $7.506M
YoY Change 381.45% 173.72%
Total Long-Term Assets $141.4M $144.4M
YoY Change -16.46% -14.66%
TOTAL ASSETS
Total Short-Term Assets $4.472M $6.160M
Total Long-Term Assets $141.4M $144.4M
Total Assets $145.8M $150.5M
YoY Change -18.03% -15.92%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.498M $3.502M
YoY Change -34.01% -68.25%
Accrued Expenses $1.727M $1.098M
YoY Change 15.14% 8.76%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $5.420M $4.795M
YoY Change -25.75% -60.75%
LONG-TERM LIABILITIES
Long-Term Debt $102.3M $101.1M
YoY Change -0.18% -2.14%
Other Long-Term Liabilities $9.540K $10.78K
YoY Change -31.56%
Total Long-Term Liabilities $102.3M $101.1M
YoY Change -0.17% -2.15%
TOTAL LIABILITIES
Total Short-Term Liabilities $5.420M $4.795M
Total Long-Term Liabilities $102.3M $101.1M
Total Liabilities $107.7M $105.9M
YoY Change -1.87% -8.34%
SHAREHOLDERS EQUITY
Retained Earnings -$156.3M -$149.7M
YoY Change 28.5% 5.18%
Common Stock $185.7M $184.4M
YoY Change 2.33% 2.24%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $29.54M $34.87M
YoY Change
Total Liabilities & Shareholders Equity $145.8M $150.5M
YoY Change -18.03% -15.92%

Cashflow Statement

Concept 2024 Q3 2024 Q2
OPERATING ACTIVITIES
Net Income -$6.060M -$11.85M
YoY Change -128.2% 811.67%
Depreciation, Depletion And Amortization $1.456M $1.351M
YoY Change 7.71% -1.28%
Cash From Operating Activities $822.7K -$729.3K
YoY Change -60.64% -3086.45%
INVESTING ACTIVITIES
Capital Expenditures $725.7K $181.5K
YoY Change -60.13% -55.07%
Acquisitions
YoY Change
Other Investing Activities -$1.778M $3.932M
YoY Change -107.19% -201.02%
Cash From Investing Activities -$2.504M $3.751M
YoY Change -110.93% -187.3%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 345.6K -1.646M
YoY Change -101.33% -252.31%
NET CHANGE
Cash From Operating Activities 822.7K -729.3K
Cash From Investing Activities -2.504M 3.751M
Cash From Financing Activities 345.6K -1.646M
Net Change In Cash -1.335M 1.375M
YoY Change 45.16% -143.1%
FREE CASH FLOW
Cash From Operating Activities $822.7K -$729.3K
Capital Expenditures $725.7K $181.5K
Free Cash Flow $96.96K -$910.8K
YoY Change -64.09% 139.96%

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1002976 usd
CY2024Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
343108 usd
CY2024Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
44607175 usd
CY2022Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
52921128 usd
CY2023Q1 us-gaap Profit Loss
ProfitLoss
-608459 usd
CY2023Q1 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
518642 usd
CY2023Q1 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
158900 usd
CY2023Q1 sqft Accrued Excise Tax On Spac Redemptions
AccruedExciseTaxOnSpacRedemptions
1140683 usd
CY2023Q1 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
232106 usd
CY2023Q1 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
28740 usd
CY2023Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
49925240 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-204752 usd
CY2023Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
1442668 usd
CY2023Q2 us-gaap Temporary Equity Accretion To Redemption Value
TemporaryEquityAccretionToRedemptionValue
247094 usd
CY2023Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
228657 usd
CY2023Q2 us-gaap Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
50999 usd
CY2023Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
47270676 usd
us-gaap Profit Loss
ProfitLoss
-15116470 usd
us-gaap Profit Loss
ProfitLoss
-813211 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2702388 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2702403 usd
us-gaap Share Based Compensation
ShareBasedCompensation
885029 usd
us-gaap Share Based Compensation
ShareBasedCompensation
540501 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
0 usd
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
32729 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2829998 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1537289 usd
sqft Net Change In Fair Value Spac Trust Account
NetChangeInFairValueSPACTrustAccount
0 usd
sqft Net Change In Fair Value Spac Trust Account
NetChangeInFairValueSPACTrustAccount
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us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
196793 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
0 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
214071 usd
us-gaap Amortization Of Financing Costs
AmortizationOfFinancingCosts
187303 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2487 usd
us-gaap Amortization Of Below Market Lease
AmortizationOfBelowMarketLease
2487 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-95602 usd
us-gaap Straight Line Rent Adjustments
StraightLineRentAdjustments
-240007 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
-588866 usd
us-gaap Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
399159 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
-1440070 usd
us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
239297 usd
sqft Increase Decrease In Accounts Payable And Accrued Liabilities For Spac
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesForSPAC
0 usd
sqft Increase Decrease In Accounts Payable And Accrued Liabilities For Spac
IncreaseDecreaseInAccountsPayableAndAccruedLiabilitiesForSPAC
-281723 usd
sqft Change Accrued Real Estate Taxes
ChangeAccruedRealEstateTaxes
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sqft Change Accrued Real Estate Taxes
ChangeAccruedRealEstateTaxes
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us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-1863486 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
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us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
5740918 usd
us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
12932128 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
1213936 usd
us-gaap Payments For Tenant Improvements
PaymentsForTenantImprovements
1001836 usd
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
1826458 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
60467 usd
us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
1951095 usd
sqft Payments To Acquire Investments Of Spac Ipo Proceeds Into Trust Account
PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount
-0 usd
sqft Payments To Acquire Investments Of Spac Ipo Proceeds Into Trust Account
PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount
389942 usd
sqft Proceeds From Trust Account For Taxes
ProceedsFromTrustAccountForTaxes
0 usd
sqft Proceeds From Trust Account For Taxes
ProceedsFromTrustAccountForTaxes
792480 usd
sqft Proceeds From Trust Account For Redemption Of Shares
ProceedsFromTrustAccountForRedemptionOfShares
0 usd
sqft Proceeds From Trust Account For Redemption Of Shares
ProceedsFromTrustAccountForRedemptionOfShares
114068280 usd
sqft Payments For Proceeds From Leasing Costs
PaymentsForProceedsFromLeasingCosts
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sqft Payments For Proceeds From Leasing Costs
PaymentsForProceedsFromLeasingCosts
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us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
20058923 usd
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
4590187 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
13168408 usd
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
105255550 usd
sqft Proceeds From Issuance Of Mortgage Notes Payable
ProceedsFromIssuanceOfMortgageNotesPayable
10663089 usd
sqft Proceeds From Issuance Of Mortgage Notes Payable
ProceedsFromIssuanceOfMortgageNotesPayable
12848849 usd
sqft Repayments Of Secured Notes Payable
RepaymentsOfSecuredNotesPayable
17110515 usd
sqft Repayments Of Secured Notes Payable
RepaymentsOfSecuredNotesPayable
6417278 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
349589 usd
us-gaap Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
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us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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us-gaap Proceeds From Payments To Minority Shareholders
ProceedsFromPaymentsToMinorityShareholders
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sqft Payments For Redemption Of Spac Shares
PaymentsForRedemptionOfSPACShares
-0 usd
sqft Payments For Redemption Of Spac Shares
PaymentsForRedemptionOfSPACShares
114068280 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
1195855 usd
us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
0 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
7613 usd
us-gaap Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
-0 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1065363 usd
us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1067733 usd
us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
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us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
590151 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-9280469 usd
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
2024453 usd
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
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CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
6510428 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
16516725 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8534881 usd
CY2023Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
8700791 usd
sqft Noncash Investing Items Private Warrants
NoncashInvestingItemsPrivateWarrants
156600 usd
sqft Noncash Investing Items Private Warrants
NoncashInvestingItemsPrivateWarrants
0 usd
sqft Noncash Financing Items Accrued Excise Tax On Spac Redemptions
NoncashFinancingItemsAccruedExciseTaxOnSpacRedemptions
0 usd
sqft Noncash Financing Items Accrued Excise Tax On Spac Redemptions
NoncashFinancingItemsAccruedExciseTaxOnSpacRedemptions
1140683 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font-family: Times New Roman; font-size: 10pt; margin: 0pt; text-align: justify;"><b><i>Use of Estimates</i></b>. The condensed consolidated financial statements were prepared in conformity with U.S. GAAP, which requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Significant estimates include, private warrants, the allocation of purchase price paid for property acquisitions between the components of land, building and intangible assets acquired including their useful lives; valuation of long-lived assets, and the allowance for doubtful accounts, which is based on an evaluation of the tenants’ ability to pay. Actual results could differ from those estimates.</p> <p style="font-family: Times New Roman; font-size: 10pt; margin: 0pt; text-align: justify;"> </p>
CY2024Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
1244 usd
CY2023Q2 us-gaap Amortization Of Above And Below Market Leases
AmortizationOfAboveAndBelowMarketLeases
2487 usd
CY2024Q2 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1600000 usd
CY2023Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
1700000 usd
CY2024Q2 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
119278 usd
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
244099 usd
CY2023Q2 us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
122330 usd
us-gaap Operating Lease Initial Direct Cost Expense Over Term
OperatingLeaseInitialDirectCostExpenseOverTerm
228151 usd
CY2024Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
8500000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
6500000 usd
CY2024Q2 us-gaap Restricted Cash
RestrictedCash
3200000 usd
CY2023Q4 us-gaap Restricted Cash
RestrictedCash
3700000 usd
CY2024Q2 us-gaap Cash Uninsured Amount
CashUninsuredAmount
3200000 usd
CY2023Q4 us-gaap Cash Uninsured Amount
CashUninsuredAmount
700000 usd
CY2023Q4 sqft Unamortized Deferred Stock Costs
UnamortizedDeferredStockCosts
5000 usd
CY2024Q2 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
100000 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
200000 usd
us-gaap Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
20100000 usd
us-gaap Gain Loss On Sale Of Properties
GainLossOnSaleOfProperties
2800000 usd
CY2023Q4 sqft Marketable Securities Cost Basis
MarketableSecuritiesCostBasis
40315 usd
CY2024Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18564732
CY2023Q2 us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17832323
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
18564732
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
17832323
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;"><i><b>Reclassifications</b></i>. Certain prior year balance sheet, statement of operations and statement of cash flows accounts have been reclassified to conform with the current year presentation. The reclassifications did <em style="font: inherit;">not</em> affect net income in the prior year consolidated statement of operations.</p> <p style="font-family: Times New Roman; font-size: 10pt; margin: 0pt; text-align: justify;"> </p>
CY2024Q2 sqft Number Of States Real Estate Property Is Located
NumberOfStatesRealEstatePropertyIsLocated
3 pure
CY2024Q2 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
130892231 usd
CY2023Q4 sqft Real Estate Investment Property And Lease Intangibles Net
RealEstateInvestmentPropertyAndLeaseIntangiblesNet
144155784 usd
us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
200000 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
3776654 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
3748115 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28539 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Gross
FiniteLivedIntangibleAssetsGross
4110139 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
4072836 usd
CY2023Q4 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
37303 usd
CY2024Q2 us-gaap Below Market Lease Net
BelowMarketLeaseNet
10779 usd
CY2023Q4 us-gaap Below Market Lease Net
BelowMarketLeaseNet
13266 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
8763 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
15669 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Amortization Expense Year Two
FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo
4107 usd
CY2024Q2 us-gaap Finite Lived Intangible Assets Net
FiniteLivedIntangibleAssetsNet
28539 usd
CY2024Q2 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
2069489 usd
CY2023Q4 us-gaap Deferred Rent Receivables Net
DeferredRentReceivablesNet
1973887 usd
CY2024Q2 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
513373 usd
CY2023Q4 us-gaap Prepaid Expense And Other Assets
PrepaidExpenseAndOtherAssets
349160 usd
CY2024Q2 us-gaap Notes Receivable Net
NotesReceivableNet
316374 usd
CY2023Q4 us-gaap Notes Receivable Net
NotesReceivableNet
316374 usd
CY2024Q2 us-gaap Accounts Receivable Net
AccountsReceivableNet
312015 usd
CY2023Q4 us-gaap Accounts Receivable Net
AccountsReceivableNet
694869 usd
CY2024Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
0 usd
CY2023Q4 us-gaap Deferred Offering Costs
DeferredOfferingCosts
5000 usd
CY2024Q2 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
0 usd
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
15649 usd
CY2024Q2 us-gaap Marketable Securities
MarketableSecurities
0 usd
CY2023Q4 us-gaap Marketable Securities
MarketableSecurities
45149 usd
CY2024Q2 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3211251 usd
CY2023Q4 us-gaap Other Assets Miscellaneous
OtherAssetsMiscellaneous
3400088 usd
CY2023Q4 sqft Number Of Publicly Traded Reit Ss In Which Common Shares Are Owned
NumberOfPubliclyTradedREITSsInWhichCommonSharesAreOwned
3 pure
CY2023Q4 sqft Number Of Publicly Traded Rei Ts In Which Options Are Owned
NumberOfPubliclyTradedREITsInWhichOptionsAreOwned
0 pure
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
45149 usd
CY2023Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
45149 usd
CY2024Q2 sqft Mortgage Notes Payable Net
MortgageNotesPayableNet
101125386 usd
CY2023Q4 sqft Mortgage Notes Payable Net
MortgageNotesPayableNet
107713273 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
12533303 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
38170386 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
17453166 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
622823 usd
CY2024Q2 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
9279816 usd
CY2024Q2 sqft Longterm Debt Maturities Repayments Of Principal After Year Four
LongtermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
23959985 usd
CY2024Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
102019479 usd
CY2024Q2 us-gaap Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
1000000 usd
CY2024Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
1000000
CY2024Q2 sqft Maximum Individual Common Stock Ownership Percentage
MaximumIndividualCommonStockOwnershipPercentage
0.098 pure
CY2024Q2 sqft Number Of Limited Partnerships In Which Company Is Sole General Partner
NumberOfLimitedPartnershipsInWhichCompanyIsSoleGeneralPartner
5 pure
CY2024Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
900000 usd
CY2023Q2 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
300000 usd
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
500000 usd
CY2024Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1900000 usd
CY2024Q2 sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
2202916 usd
CY2023Q2 sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
1813184 usd
sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
4287366 usd
sqft General And Administrative Expense Including Income Tax Expense Benefit
GeneralAndAdministrativeExpenseIncludingIncomeTaxExpenseBenefit
3777804 usd
CY2024Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1351370 usd
CY2023Q2 us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
1368829 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2702388 usd
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
2702403 usd
CY2024Q2 us-gaap Interest Expense
InterestExpense
1525845 usd
CY2023Q2 us-gaap Interest Expense
InterestExpense
1336415 usd
us-gaap Interest Expense
InterestExpense
3041051 usd
us-gaap Interest Expense
InterestExpense
2204182 usd
CY2024Q2 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
-10027433 usd
CY2023Q2 us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
0 usd
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
-13888667 usd
us-gaap Marketable Securities Gain Loss Excluding Other Than Temporary Impairments
MarketableSecuritiesGainLossExcludingOtherThanTemporaryImpairments
0 usd
CY2024Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
5206 usd
CY2023Q2 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
398085 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
9852 usd
us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
1140201 usd
CY2024Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
81021 usd
CY2023Q2 us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
349074 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
160586 usd
us-gaap Income Tax Expense Benefit
IncomeTaxExpenseBenefit
497527 usd
CY2024Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
811903 usd
CY2023Q2 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1119952 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
2829998 usd
us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
1537289 usd
CY2024Q2 us-gaap Profit Loss
ProfitLoss
-11378675 usd
CY2023Q2 us-gaap Profit Loss
ProfitLoss
-204752 usd
us-gaap Profit Loss
ProfitLoss
-15116470 usd
us-gaap Profit Loss
ProfitLoss
-813211 usd
sqft Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
6954854 usd
sqft Real Estate Acquisitions And Improvements
RealEstateAcquisitionsAndImprovements
13933964 usd

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