2024 Q4 Form 10-Q Financial Statement

#000121390024097832 Filed on November 14, 2024

View on sec.gov

Income Statement

Concept 2024 Q4 2024 Q3 2023 Q3
Revenue $1.030M $720.5K
YoY Change 42.91% 17.15%
Cost Of Revenue $50.00K
YoY Change 129.78%
Gross Profit $670.0K
YoY Change 12.94%
Gross Profit Margin 93.0%
Selling, General & Admin $530.0K
YoY Change -3.8%
% of Gross Profit 79.1%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $91.22K
YoY Change 4.2%
% of Gross Profit 13.62%
Operating Expenses $584.4K $671.3K
YoY Change -12.94% 1.68%
Operating Profit $445.2K $49.11K
YoY Change 806.47% -208.5%
Interest Expense $187.2K $70.00K
YoY Change 167.38% -318.27%
% of Operating Profit 42.04% 142.53%
Other Income/Expense, Net -$386.3K $65.41K
YoY Change -690.6% -62.93%
Pretax Income $58.87K $114.5K
YoY Change -48.59% -248.1%
Income Tax
% Of Pretax Income
Net Earnings $58.87K $114.5K
YoY Change -48.59% -248.1%
Net Earnings / Revenue 5.72% 15.9%
Basic Earnings Per Share $0.00 $0.01
Diluted Earnings Per Share $0.00 $0.01
COMMON SHARES
Basic Shares Outstanding 12.09M shares 12.10M shares 12.20M shares
Diluted Shares Outstanding 12.50M shares 12.60M shares

Balance Sheet

Concept 2024 Q4 2024 Q3 2023 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $3.010M
YoY Change 257.43%
Cash & Equivalents $1.152M $3.007M
Short-Term Investments
Other Short-Term Assets $40.00K
YoY Change -82.25%
Inventory
Prepaid Expenses
Receivables $167.4K
Other Receivables $450.0K
Total Short-Term Assets $3.670M
YoY Change 92.56%
LONG-TERM ASSETS
Property, Plant & Equipment $9.282K $7.956K
YoY Change 16.67% -39.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $50.00K $100.0K
YoY Change -50.0% -7.66%
Other Assets
YoY Change
Total Long-Term Assets $11.04M
YoY Change 63.84%
TOTAL ASSETS
Total Short-Term Assets $3.670M
Total Long-Term Assets $11.04M
Total Assets $15.70M $14.71M
YoY Change 6.72% 70.18%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $100.0K
YoY Change -63.49%
Accrued Expenses $10.20K $230.0K
YoY Change -95.57% -0.39%
Deferred Revenue $342.2K
YoY Change
Short-Term Debt $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $620.0K
YoY Change 7.53%
LONG-TERM LIABILITIES
Long-Term Debt $8.110M
YoY Change 305.5%
Other Long-Term Liabilities $340.0K
YoY Change 2877.23%
Total Long-Term Liabilities $8.450M
YoY Change 320.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $620.0K
Total Long-Term Liabilities $8.450M
Total Liabilities $10.30M $9.075M
YoY Change 13.49% 250.64%
SHAREHOLDERS EQUITY
Retained Earnings -$16.09M -$15.83M
YoY Change 1.67% 3.84%
Common Stock $12.20K $12.20K
YoY Change 0.0% 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.400M $5.636M
YoY Change
Total Liabilities & Shareholders Equity $15.70M $14.71M
YoY Change 6.72% 70.18%

Cashflow Statement

Concept 2024 Q4 2024 Q3 2023 Q3
OPERATING ACTIVITIES
Net Income $58.87K $114.5K
YoY Change -48.59% -248.1%
Depreciation, Depletion And Amortization $91.22K
YoY Change 4.2%
Cash From Operating Activities -$110.0K
YoY Change -186.38%
INVESTING ACTIVITIES
Capital Expenditures $10.00K
YoY Change
Acquisitions
YoY Change
Other Investing Activities -$120.0K
YoY Change
Cash From Investing Activities -$130.0K
YoY Change
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -20.00K
YoY Change -88.67%
NET CHANGE
Cash From Operating Activities -110.0K
Cash From Investing Activities -130.0K
Cash From Financing Activities -20.00K
Net Change In Cash -260.0K
YoY Change 429.21%
FREE CASH FLOW
Cash From Operating Activities -$110.0K
Capital Expenditures $10.00K
Free Cash Flow -$120.0K
YoY Change -194.24%

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us-gaap Professional Fees
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16985 usd
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CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
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CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
720450 usd
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RevenueFromContractWithCustomerIncludingAssessedTax
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us-gaap Real Estate Tax Expense
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2023Q4 us-gaap Stockholders Equity
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CY2024Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2023Q3 us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
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CY2024Q3 us-gaap Net Income Loss
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EarningsPerShareDiluted
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us-gaap Weighted Average Number Of Shares Outstanding Basic
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CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
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zdpy Lease Costs
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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IncreaseDecreaseInSecurityDepositsPayable
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zdpy Increase Decrease In Security Deposits Payable
IncreaseDecreaseInSecurityDepositsPayable
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NetCashProvidedByUsedInOperatingActivities
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zdpy Purchases Of Rental Properties And Improvements
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zdpy Increase In Capitalized Permit Costs
IncreaseInCapitalizedPermitCosts
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us-gaap Net Cash Provided By Used In Financing Activities
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
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CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
3007056 usd
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – <span style="text-decoration:underline">ORGANIZATION AND NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zoned Properties, Inc. (“Zoned Properties” or the “Company”) was incorporated in the State of Nevada on August 25, 2003. In October 2013, the Company changed its name to Zoned Properties, Inc. and in April 2014, the Company shifted its business model to address commercial real estate in the regulated cannabis industry. Zoned Properties is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company aspires to innovate within the real estate development sector, focusing on direct-to-consumer real estate that is leased to the best-in-class cannabis retailers. Headquartered in Scottsdale, Arizona, Zoned Properties is redefining the approach to commercial real estate investment through its standardized investment model backed by its proprietary property technology. Zoned Properties has developed a national ecosystem of real estate services to support its real estate development model, including a commercial real estate brokerage and a real estate advisory practice. The Company operates in two organized segments; (1) the operations, leasing and management of its commercial properties, herein known as the “Property Investment Portfolio” segment, and (2) the advisory, brokerage and technology services related to commercial properties, herein known as the “Real Estate Services” segment. The Company targets commercial properties that face unique zoning or development challenges, identifies solutions that can potentially have a major impact on their commercial value, and then works to acquire the properties while securing long-term, absolute-net leases. The Company does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has the following wholly owned subsidiaries:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-right: 0pt; width: 0.25in; text-align: justify"> </td> <td style="padding-right: 0pt; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chino Valley Properties, LLC (“Chino Valley”) was organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kingman Property Group, LLC (“Kingman”) was organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Green Valley Group, LLC (“Green Valley”) organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Arizona Properties, LLC (“Zoned Arizona”) was organized in the State of Arizona on June 2, 2017.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Advisory Services, LLC (“Zoned Advisory”) was organized in the State of Arizona on July 27, 2018.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Properties Brokerage, LLC (“Arizona Brokerage”) was organized in the State of Arizona on March 17, 2021.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Data Platform 1, LLC (“ZP Data 1”) was organized in the State of Arizona on April 14, 2021 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Data Platform 2, LLC (“ZP Data 2”) was organized in the State of Arizona on June 21, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE Holdings, LLC (“ZPRE Holdings”) was organized in the State of Arizona on September 20, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage MS, LLC (“Mississippi Brokerage”) was organized in the State of Mississippi on October 4, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage FL, LLC (“Florida Brokerage”) was organized in the State of Florida on October 20, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage AL, LLC (“Alabama Brokerage”) was organized in the State of Alabama on October 20, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE MI Woodward, LLC (“ZP Woodward”) was organized in the State of Michigan on November 22, 2022</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage MO, LLC (“Missouri Brokerage”) was organized in the State of Missouri on November 30, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE IL Ashland, LLC (“ZP Ashland”) was organized in the State of Illinois on February 14, 2024.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE AZ DYSART. LLC (“ZP Dysart”) was organized in the State of Arizona on May 24, 2024.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company also maintains a 50% equity interest in two joint ventures (see Note 5).</p>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2003-08-25
us-gaap Net Income Loss
NetIncomeLoss
123062 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
455363 usd
CY2024Q3 us-gaap Cash
Cash
1152090 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
5399893 usd
us-gaap Interest Paid Net
InterestPaidNet
481219 usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
430000 usd
zdpy Reclassification Of Escrow Deposits For Acquisition Of Rental Properties
ReclassificationOfEscrowDepositsForAcquisitionOfRentalProperties
590000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – <span style="text-decoration:underline">ORGANIZATION AND NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zoned Properties, Inc. (“Zoned Properties” or the “Company”) was incorporated in the State of Nevada on August 25, 2003. In October 2013, the Company changed its name to Zoned Properties, Inc. and in April 2014, the Company shifted its business model to address commercial real estate in the regulated cannabis industry. Zoned Properties is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company aspires to innovate within the real estate development sector, focusing on direct-to-consumer real estate that is leased to the best-in-class cannabis retailers. Headquartered in Scottsdale, Arizona, Zoned Properties is redefining the approach to commercial real estate investment through its standardized investment model backed by its proprietary property technology. Zoned Properties has developed a national ecosystem of real estate services to support its real estate development model, including a commercial real estate brokerage and a real estate advisory practice. The Company operates in two organized segments; (1) the operations, leasing and management of its commercial properties, herein known as the “Property Investment Portfolio” segment, and (2) the advisory, brokerage and technology services related to commercial properties, herein known as the “Real Estate Services” segment. The Company targets commercial properties that face unique zoning or development challenges, identifies solutions that can potentially have a major impact on their commercial value, and then works to acquire the properties while securing long-term, absolute-net leases. The Company does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has the following wholly owned subsidiaries:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-right: 0pt; width: 0.25in; text-align: justify"> </td> <td style="padding-right: 0pt; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chino Valley Properties, LLC (“Chino Valley”) was organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kingman Property Group, LLC (“Kingman”) was organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Green Valley Group, LLC (“Green Valley”) organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Arizona Properties, LLC (“Zoned Arizona”) was organized in the State of Arizona on June 2, 2017.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Advisory Services, LLC (“Zoned Advisory”) was organized in the State of Arizona on July 27, 2018.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Properties Brokerage, LLC (“Arizona Brokerage”) was organized in the State of Arizona on March 17, 2021.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Data Platform 1, LLC (“ZP Data 1”) was organized in the State of Arizona on April 14, 2021 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Data Platform 2, LLC (“ZP Data 2”) was organized in the State of Arizona on June 21, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE Holdings, LLC (“ZPRE Holdings”) was organized in the State of Arizona on September 20, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage MS, LLC (“Mississippi Brokerage”) was organized in the State of Mississippi on October 4, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage FL, LLC (“Florida Brokerage”) was organized in the State of Florida on October 20, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage AL, LLC (“Alabama Brokerage”) was organized in the State of Alabama on October 20, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE MI Woodward, LLC (“ZP Woodward”) was organized in the State of Michigan on November 22, 2022</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage MO, LLC (“Missouri Brokerage”) was organized in the State of Missouri on November 30, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE IL Ashland, LLC (“ZP Ashland”) was organized in the State of Illinois on February 14, 2024.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE AZ DYSART. LLC (“ZP Dysart”) was organized in the State of Arizona on May 24, 2024.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company also maintains a 50% equity interest in two joint ventures (see Note 5).</p>
dei Entity Incorporation Date Of Incorporation
EntityIncorporationDateOfIncorporation
2003-08-25
us-gaap Net Income Loss
NetIncomeLoss
123062 usd
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
455363 usd
CY2024Q3 us-gaap Cash
Cash
1152090 usd
CY2024Q3 us-gaap Stockholders Equity
StockholdersEquity
5399893 usd
us-gaap Use Of Estimates
UseOfEstimates
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates for the nine months ended September 30, 2024 and 2023 include the collectability of accounts receivable, valuation of investment in equity securities, the useful life of rental properties and property and equipment, assumptions used in assessing impairment of long-term assets including rental property and investment in unconsolidated joint ventures, valuation allowances for deferred tax assets, the fair value of derivative asset or liability related to interest rate swap, and the fair value of non-cash equity transactions, including options and stock-based compensation.</p>
us-gaap Lease Cost
LeaseCost
1779227 usd
us-gaap Lease Cost
LeaseCost
1842381 usd
us-gaap Noncash Or Part Noncash Acquisition Other Assets Acquired1
NoncashOrPartNoncashAcquisitionOtherAssetsAcquired1
430000 usd
zdpy Reclassification Of Escrow Deposits For Acquisition Of Rental Properties
ReclassificationOfEscrowDepositsForAcquisitionOfRentalProperties
590000 usd
us-gaap Nature Of Operations
NatureOfOperations
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><b>NOTE 1 – <span style="text-decoration:underline">ORGANIZATION AND NATURE OF OPERATIONS</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">Zoned Properties, Inc. (“Zoned Properties” or the “Company”) was incorporated in the State of Nevada on August 25, 2003. In October 2013, the Company changed its name to Zoned Properties, Inc. and in April 2014, the Company shifted its business model to address commercial real estate in the regulated cannabis industry. Zoned Properties is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company aspires to innovate within the real estate development sector, focusing on direct-to-consumer real estate that is leased to the best-in-class cannabis retailers. Headquartered in Scottsdale, Arizona, Zoned Properties is redefining the approach to commercial real estate investment through its standardized investment model backed by its proprietary property technology. Zoned Properties has developed a national ecosystem of real estate services to support its real estate development model, including a commercial real estate brokerage and a real estate advisory practice. The Company operates in two organized segments; (1) the operations, leasing and management of its commercial properties, herein known as the “Property Investment Portfolio” segment, and (2) the advisory, brokerage and technology services related to commercial properties, herein known as the “Real Estate Services” segment. The Company targets commercial properties that face unique zoning or development challenges, identifies solutions that can potentially have a major impact on their commercial value, and then works to acquire the properties while securing long-term, absolute-net leases. The Company does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the “CSA”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The Company has the following wholly owned subsidiaries:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding-right: 0pt; width: 0.25in; text-align: justify"> </td> <td style="padding-right: 0pt; width: 0.25in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Chino Valley Properties, LLC (“Chino Valley”) was organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Kingman Property Group, LLC (“Kingman”) was organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Green Valley Group, LLC (“Green Valley”) organized in the State of Arizona on April 15, 2014.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Arizona Properties, LLC (“Zoned Arizona”) was organized in the State of Arizona on June 2, 2017.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Advisory Services, LLC (“Zoned Advisory”) was organized in the State of Arizona on July 27, 2018.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Zoned Properties Brokerage, LLC (“Arizona Brokerage”) was organized in the State of Arizona on March 17, 2021.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Data Platform 1, LLC (“ZP Data 1”) was organized in the State of Arizona on April 14, 2021 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Data Platform 2, LLC (“ZP Data 2”) was organized in the State of Arizona on June 21, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE Holdings, LLC (“ZPRE Holdings”) was organized in the State of Arizona on September 20, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage MS, LLC (“Mississippi Brokerage”) was organized in the State of Mississippi on October 4, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage FL, LLC (“Florida Brokerage”) was organized in the State of Florida on October 20, 2022.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage AL, LLC (“Alabama Brokerage”) was organized in the State of Alabama on October 20, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE MI Woodward, LLC (“ZP Woodward”) was organized in the State of Michigan on November 22, 2022</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP Brokerage MO, LLC (“Missouri Brokerage”) was organized in the State of Missouri on November 30, 2022 (inactive).</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE IL Ashland, LLC (“ZP Ashland”) was organized in the State of Illinois on February 14, 2024.</span></td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="padding-right: 0pt; text-align: justify"> </td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="padding-right: 0pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">ZP RE AZ DYSART. LLC (“ZP Dysart”) was organized in the State of Arizona on May 24, 2024.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0">The Company also maintains a 50% equity interest in two joint ventures (see Note 5).</p>
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<p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><b>Use of estimates</b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify">The preparation of the consolidated financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates for the nine months ended September 30, 2024 and 2023 include the collectability of accounts receivable, valuation of investment in equity securities, the useful life of rental properties and property and equipment, assumptions used in assessing impairment of long-term assets including rental property and investment in unconsolidated joint ventures, valuation allowances for deferred tax assets, the fair value of derivative asset or liability related to interest rate swap, and the fair value of non-cash equity transactions, including options and stock-based compensation.</p>
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us-gaap Net Income Loss
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123062 usd
us-gaap Net Income Loss
NetIncomeLoss
-152966 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12101062 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12201548 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12101385 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12201548 shares
CY2024Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
0
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.01
CY2024Q3 us-gaap Net Income Loss
NetIncomeLoss
58872 usd
CY2023Q3 us-gaap Net Income Loss
NetIncomeLoss
114523 usd
us-gaap Net Income Loss
NetIncomeLoss
123062 usd
us-gaap Net Income Loss
NetIncomeLoss
-152966 usd
CY2024Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
30000 usd
CY2023Q3 us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
30000 usd
us-gaap Interest On Convertible Debt Net Of Tax
InterestOnConvertibleDebtNetOfTax
90000 usd
CY2024Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
88872 usd
CY2023Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
144523 usd
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
213062 usd
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12101385 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12201548 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
400000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
400000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
400000 shares
CY2024Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12501062 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12201548 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
CY2023Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2262500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2752500 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segments
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-152966 usd
CY2024Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12101062 shares
CY2023Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12201548 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12101385 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
12201548 shares
CY2024Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
400000 shares
CY2023Q3 us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
400000 shares
us-gaap Incremental Common Shares Attributable To Conversion Of Debt Securities
IncrementalCommonSharesAttributableToConversionOfDebtSecurities
400000 shares
CY2023Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12601548 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12501385 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12201548 shares
CY2024Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
0.01
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2262500 shares
us-gaap Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
2752500 shares
us-gaap Number Of Reportable Segments
NumberOfReportableSegments
2 segments
zdpy Rental Income Percentage
RentalIncomePercentage
0.10 pure
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
8000000 usd
CY2022Q1 zdpy Additional Area Square Feet
AdditionalAreaSquareFeet
30000 sqft
CY2020Q2 zdpy Rent Percentage
RentPercentage
0.05 pure
CY2024Q3 zdpy Cost Of Improvements
CostOfImprovements
8000000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
300000 usd
CY2024Q3 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
300000 usd
zdpy Amortized Assignment Fees
AmortizedAssignmentFees
300000 usd
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Woodward Lease commenced on December 1, 2022 and had a term of 14 years and 4 months through March 1, 2037, with two 5-year options to extend the term, exercisable by the Woodward Tenant by written notice to ZP Woodward given not later than 180 days prior to the expiration of the then current term on the same terms and conditions as provided in this Lease.
CY2022Q4 zdpy Increasing Over The Term Lease Percentage
IncreasingOverTheTermLeasePercentage
0.03 pure
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
850000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3846 usd
CY2024Q1 zdpy Lease Term
LeaseTerm
P15Y
CY2024Q1 zdpy Lease Term
LeaseTerm
P15Y
CY2024Q3 us-gaap Payments For Rent
PaymentsForRent
25000 usd
CY2024Q3 zdpy Percentage Of Annual Rent
PercentageOfAnnualRent
0.03 pure
zdpy Rental Income Percentage
RentalIncomePercentage
0.10 pure
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
8000000 usd
CY2022Q1 zdpy Additional Area Square Feet
AdditionalAreaSquareFeet
30000 sqft
CY2020Q2 zdpy Rent Percentage
RentPercentage
0.05 pure
CY2024Q3 zdpy Cost Of Improvements
CostOfImprovements
8000000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
300000 usd
CY2024Q3 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
300000 usd
zdpy Amortized Assignment Fees
AmortizedAssignmentFees
300000 usd
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Woodward Lease commenced on December 1, 2022 and had a term of 14 years and 4 months through March 1, 2037, with two 5-year options to extend the term, exercisable by the Woodward Tenant by written notice to ZP Woodward given not later than 180 days prior to the expiration of the then current term on the same terms and conditions as provided in this Lease.
CY2022Q4 zdpy Increasing Over The Term Lease Percentage
IncreasingOverTheTermLeasePercentage
0.03 pure
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
850000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3846 usd
CY2024Q1 zdpy Lease Term
LeaseTerm
P15Y
CY2024Q1 zdpy Lease Term
LeaseTerm
P15Y
CY2024Q3 us-gaap Payments For Rent
PaymentsForRent
25000 usd
CY2024Q3 zdpy Percentage Of Annual Rent
PercentageOfAnnualRent
0.03 pure
zdpy Rental Income Percentage
RentalIncomePercentage
0.10 pure
CY2020Q2 us-gaap Tenant Improvements
TenantImprovements
8000000 usd
CY2022Q1 zdpy Additional Area Square Feet
AdditionalAreaSquareFeet
30000 sqft
CY2020Q2 zdpy Rent Percentage
RentPercentage
0.05 pure
CY2024Q3 zdpy Cost Of Improvements
CostOfImprovements
8000000 usd
us-gaap Asset Acquisition Consideration Transferred Contingent Consideration
AssetAcquisitionConsiderationTransferredContingentConsideration
300000 usd
CY2024Q3 us-gaap Deposit Contracts Liabilities
DepositContractsLiabilities
300000 usd
zdpy Amortized Assignment Fees
AmortizedAssignmentFees
300000 usd
us-gaap Lessee Finance Lease Description
LesseeFinanceLeaseDescription
The Woodward Lease commenced on December 1, 2022 and had a term of 14 years and 4 months through March 1, 2037, with two 5-year options to extend the term, exercisable by the Woodward Tenant by written notice to ZP Woodward given not later than 180 days prior to the expiration of the then current term on the same terms and conditions as provided in this Lease.
CY2022Q4 zdpy Increasing Over The Term Lease Percentage
IncreasingOverTheTermLeasePercentage
0.03 pure
us-gaap Payments For Capital Improvements
PaymentsForCapitalImprovements
850000 usd
us-gaap Operating Lease Cost
OperatingLeaseCost
3846 usd
CY2024Q1 zdpy Lease Term
LeaseTerm
P15Y
CY2024Q1 zdpy Lease Term
LeaseTerm
P15Y
CY2024Q3 us-gaap Payments For Rent
PaymentsForRent
25000 usd
CY2024Q3 zdpy Percentage Of Annual Rent
PercentageOfAnnualRent
0.03 pure
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
599187 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2563226 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2746432 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
2808247 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
31338074 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
45557666 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1779227 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.695 pure
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1797570 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
599187 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2563226 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2725617 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2746432 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
2776883 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
2808247 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
31338074 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
45557666 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1779227 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.695 pure
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1797570 usd
CY2024Q3 us-gaap Incentive To Lessee
IncentiveToLessee
428899 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
449541 usd
CY2024Q3 us-gaap Deferred Revenue
DeferredRevenue
268421 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
281340 usd
CY2024Q3 zdpy Rental Properties Gross
RentalPropertiesGross
15921742 usd
CY2023Q4 zdpy Rental Properties Gross
RentalPropertiesGross
12630785 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2854582 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2590261 usd
CY2024Q3 us-gaap Rental Properties
RentalProperties
13067160 usd
CY2023Q4 us-gaap Rental Properties
RentalProperties
10040524 usd
CY2024Q1 zdpy Aggregate Cash Purchase Price
AggregateCashPurchasePrice
1585878 usd
CY2024Q1 zdpy Representing Amount
RepresentingAmount
1250000 usd
CY2024Q1 us-gaap Investments And Cash
InvestmentsAndCash
150878 usd
CY2024Q1 us-gaap Payments For Commissions
PaymentsForCommissions
65000 usd
CY2024Q1 us-gaap Sponsor Fees
SponsorFees
79634 usd
CY2024Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
6244 usd
CY2024Q3 us-gaap Area Of Land
AreaOfLand
1.114 acre
CY2024Q3 zdpy Aggregate Purchase Amount
AggregatePurchaseAmount
1712541 usd
CY2024Q3 zdpy Purchase Price
PurchasePrice
1100000 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Remainder Of Fiscal Year
LessorOperatingLeasePaymentsToBeReceivedRemainderOfFiscalYear
599187 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
2563226 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
2725617 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
2746432 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
2776883 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Five Years
LessorOperatingLeasePaymentsToBeReceivedFiveYears
2808247 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received Thereafter
LessorOperatingLeasePaymentsToBeReceivedThereafter
31338074 usd
CY2024Q3 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
45557666 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1779227 usd
CY2024Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.695 pure
CY2023Q3 us-gaap Revenue Remaining Performance Obligation
RevenueRemainingPerformanceObligation
1797570 usd
CY2024Q3 us-gaap Incentive To Lessee
IncentiveToLessee
428899 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
449541 usd
CY2022 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
500000 usd
CY2024Q3 us-gaap Deferred Revenue
DeferredRevenue
268421 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
281340 usd
CY2024Q3 zdpy Rental Properties Gross
RentalPropertiesGross
15921742 usd
CY2023Q4 zdpy Rental Properties Gross
RentalPropertiesGross
12630785 usd
CY2024Q3 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
2854582 usd
CY2024Q3 us-gaap Rental Properties
RentalProperties
13067160 usd
CY2024Q1 zdpy Assignment Fees
AssignmentFees
185000 usd
CY2024Q1 us-gaap Investments And Cash
InvestmentsAndCash
150878 usd
CY2024Q1 us-gaap Payments For Commissions
PaymentsForCommissions
65000 usd
CY2024Q1 us-gaap Sponsor Fees
SponsorFees
79634 usd
CY2024Q3 zdpy Aggregate Purchase Amount
AggregatePurchaseAmount
1712541 usd
CY2024Q3 zdpy Purchase Price
PurchasePrice
1100000 usd
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
492022 usd
CY2024Q3 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
120519 usd
CY2024Q3 zdpy Reimbursement Off Site Work
ReimbursementOffSiteWork
250000 usd
CY2024Q3 zdpy Reimbursement On Site Work
ReimbursementOnSiteWork
350000 usd
CY2023Q3 us-gaap Revenue Remaining Performance Obligation Percentage
RevenueRemainingPerformanceObligationPercentage
0.824 pure
CY2024Q3 us-gaap Incentive To Lessee
IncentiveToLessee
428899 usd
CY2023Q4 us-gaap Incentive To Lessee
IncentiveToLessee
449541 usd
CY2022 us-gaap Payments For Proceeds From Tenant Allowance
PaymentsForProceedsFromTenantAllowance
500000 usd
CY2023Q4 us-gaap Deferred Revenue
DeferredRevenue
281340 usd
CY2024Q3 zdpy Rental Properties Gross
RentalPropertiesGross
15921742 usd
CY2024Q3 us-gaap Rental Properties
RentalProperties
13067160 usd
CY2023Q4 us-gaap Rental Properties
RentalProperties
10040524 usd
CY2024Q1 zdpy Representing Amount
RepresentingAmount
1250000 usd
CY2024Q1 zdpy Assignment Fees
AssignmentFees
185000 usd
CY2024Q1 us-gaap Investments And Cash
InvestmentsAndCash
150878 usd
CY2024Q1 us-gaap Payments For Commissions
PaymentsForCommissions
65000 usd
CY2024Q1 us-gaap Sponsor Fees
SponsorFees
79634 usd
CY2024Q1 us-gaap Deferred Costs And Other Assets
DeferredCostsAndOtherAssets
6244 usd
CY2024Q3 us-gaap Area Of Land
AreaOfLand
1.114 acre
CY2024Q3 zdpy Aggregate Purchase Amount
AggregatePurchaseAmount
1712541 usd
CY2024Q3 zdpy Purchase Price
PurchasePrice
1100000 usd
CY2024Q3 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
120519 usd
CY2024Q3 zdpy Reimbursement Off Site Work
ReimbursementOffSiteWork
250000 usd
CY2024Q3 zdpy Reimbursement On Site Work
ReimbursementOnSiteWork
350000 usd
CY2024Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
88032 usd
CY2023Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
89934 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
264320 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
286982 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4923 usd
CY2023Q4 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
45000 usd
zdpy Equity Method Loss From Unconsolidated Joint Ventures
EquityMethodLossFromUnconsolidatedJointVentures
-7110 usd
CY2024Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
50000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
50000 usd
CY2024Q3 us-gaap Land And Land Improvements
LandAndLandImprovements
492022 usd
CY2024Q3 us-gaap Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
120519 usd
CY2024Q3 zdpy Reimbursement Off Site Work
ReimbursementOffSiteWork
250000 usd
CY2024Q3 zdpy Reimbursement On Site Work
ReimbursementOnSiteWork
350000 usd
CY2024Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
88032 usd
CY2023Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
89934 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
264320 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
286982 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4923 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4923 usd
CY2023Q4 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
45000 usd
zdpy Equity Method Loss From Unconsolidated Joint Ventures
EquityMethodLossFromUnconsolidatedJointVentures
-7110 usd
CY2024Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
50000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
50000 usd
CY2024Q3 us-gaap Notes Payable To Bank
NotesPayableToBank
7230194 usd
CY2023Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
6276300 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
185011 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
164598 usd
CY2024Q3 us-gaap Other Notes Payable
OtherNotesPayable
7045183 usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
6111702 usd
CY2022Q3 us-gaap Payments For Fees
PaymentsForFees
176472 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
8124 usd
CY2022Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
184596 usd
CY2024Q3 us-gaap Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
0.65 pure
zdpy Tenant Securities Deposits
TenantSecuritiesDeposits
350000 usd
CY2022Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.50 pure
CY2024Q3 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0875 pure
CY2023Q4 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0925 pure
CY2022Q4 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P10Y
CY2022Q4 us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
4500000 usd
CY2022Q4 us-gaap Payments For Fees
PaymentsForFees
184596 usd
CY2022Q4 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.0765 pure
CY2024Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
88032 usd
CY2023Q3 us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
89934 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
264320 usd
us-gaap Depreciation Expense On Reclassified Assets
DepreciationExpenseOnReclassifiedAssets
286982 usd
CY2024Q3 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4923 usd
CY2023Q4 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVentures
4923 usd
CY2023Q4 us-gaap Temporary Equity Other Changes
TemporaryEquityOtherChanges
45000 usd
zdpy Equity Method Loss From Unconsolidated Joint Ventures
EquityMethodLossFromUnconsolidatedJointVentures
-7110 usd
CY2024Q3 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
50000 usd
CY2023Q4 us-gaap Equity Method Investments
EquityMethodInvestments
50000 usd
CY2024Q3 us-gaap Notes Payable To Bank
NotesPayableToBank
7230194 usd
CY2023Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
6276300 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
164598 usd
CY2024Q3 us-gaap Other Notes Payable
OtherNotesPayable
7045183 usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
6111702 usd
CY2022Q3 us-gaap Payments For Fees
PaymentsForFees
176472 usd
CY2022Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
184596 usd
CY2024Q3 us-gaap Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
0.65 pure
zdpy Tenant Securities Deposits
TenantSecuritiesDeposits
350000 usd
CY2022Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.50 pure
CY2024Q3 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0875 pure
CY2023Q4 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0925 pure
CY2022Q4 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P10Y
CY2022Q4 us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
4500000 usd
CY2022Q4 us-gaap Payments For Fees
PaymentsForFees
184596 usd
CY2022Q4 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.0765 pure
CY2024Q3 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
1620000 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1620000 usd
CY2024Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.12 pure
zdpy Loan Agreement Description
LoanAgreementDescription
(i) 5% of the amount of principal prepaid in months 1-24; (ii) 2% of the amount of principal prepaid in months 25-36; and (iii) 1% of the amount of principal prepaid in months 36-48, which amount will be due and payable at the time ZP Dysart pays the principal payment.
CY2024Q3 us-gaap Notes Payable To Bank
NotesPayableToBank
7230194 usd
CY2023Q4 us-gaap Notes Payable To Bank
NotesPayableToBank
6276300 usd
CY2024Q3 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
185011 usd
CY2023Q4 us-gaap Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
164598 usd
CY2024Q3 us-gaap Other Notes Payable
OtherNotesPayable
7045183 usd
CY2023Q4 us-gaap Other Notes Payable
OtherNotesPayable
6111702 usd
CY2022Q3 us-gaap Payments For Fees
PaymentsForFees
176472 usd
CY2022Q3 us-gaap Adjustments To Additional Paid In Capital Other
AdjustmentsToAdditionalPaidInCapitalOther
8124 usd
CY2022Q3 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
184596 usd
CY2024Q3 us-gaap Property Plant And Equipment Salvage Value Percentage
PropertyPlantAndEquipmentSalvageValuePercentage
0.65 pure
zdpy Tenant Securities Deposits
TenantSecuritiesDeposits
350000 usd
CY2022Q4 us-gaap Investment Interest Rate
InvestmentInterestRate
0.50 pure
CY2024Q3 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0875 pure
CY2023Q4 us-gaap Derivative Variable Interest Rate
DerivativeVariableInterestRate
0.0925 pure
CY2022Q4 us-gaap Derivative Remaining Maturity1
DerivativeRemainingMaturity1
P10Y
CY2022Q4 us-gaap Proceeds From Interest And Dividends Received
ProceedsFromInterestAndDividendsReceived
4500000 usd
CY2022Q4 us-gaap Payments For Fees
PaymentsForFees
184596 usd
CY2022Q4 us-gaap Derivative Average Fixed Interest Rate
DerivativeAverageFixedInterestRate
0.0765 pure
CY2024Q3 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
1620000 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1620000 usd
CY2024Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.12 pure
zdpy Loan Agreement Description
LoanAgreementDescription
(i) 5% of the amount of principal prepaid in months 1-24; (ii) 2% of the amount of principal prepaid in months 25-36; and (iii) 1% of the amount of principal prepaid in months 36-48, which amount will be due and payable at the time ZP Dysart pays the principal payment.
CY2024Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
1020000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
983940 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
36060 usd
CY2024Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
1020000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10200 usd
zdpy Initial Advance Amount
InitialAdvanceAmount
1020000 usd
us-gaap Construction Contractor Liquidity Characteristic
ConstructionContractorLiquidityCharacteristic
(i) first advance in the amount of $300,000 at 50% completion, and (ii) final advance in the amount of $300,000 at 100% completion and issuance of certificate of occupancy.
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15648 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13845 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100431 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
109090 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
466372 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1350853 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1092515 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4110933 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
7230194 usd
CY2024Q3 us-gaap Proceeds From Sale Of Loans Held For Investment
ProceedsFromSaleOfLoansHeldForInvestment
1620000 usd
CY2024Q3 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1620000 usd
CY2024Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.12 pure
zdpy Loan Agreement Description
LoanAgreementDescription
(i) 5% of the amount of principal prepaid in months 1-24; (ii) 2% of the amount of principal prepaid in months 25-36; and (iii) 1% of the amount of principal prepaid in months 36-48, which amount will be due and payable at the time ZP Dysart pays the principal payment.
CY2024Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
1020000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
983940 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
36060 usd
us-gaap Construction Contractor Liquidity Characteristic
ConstructionContractorLiquidityCharacteristic
(i) first advance in the amount of $300,000 at 50% completion, and (ii) final advance in the amount of $300,000 at 100% completion and issuance of certificate of occupancy.
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15648 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13845 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100431 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
109090 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
466372 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1350853 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1092515 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4110933 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
7230194 usd
CY2024Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.12 pure
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
50
CY2013Q4 zdpy Receive Per Share
ReceivePerShare
1
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2024Q3 us-gaap Securities Borrowed
SecuritiesBorrowed
1020000 usd
us-gaap Proceeds From Debt Net Of Issuance Costs
ProceedsFromDebtNetOfIssuanceCosts
983940 usd
us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
36060 usd
CY2024Q3 us-gaap Other Long Term Debt
OtherLongTermDebt
1020000 usd
CY2024Q3 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
10200 usd
zdpy Initial Advance Amount
InitialAdvanceAmount
1020000 usd
us-gaap Construction Contractor Liquidity Characteristic
ConstructionContractorLiquidityCharacteristic
(i) first advance in the amount of $300,000 at 50% completion, and (ii) final advance in the amount of $300,000 at 100% completion and issuance of certificate of occupancy.
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
15648 usd
us-gaap Amortization Of Debt Discount Premium
AmortizationOfDebtDiscountPremium
13845 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
100431 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
109090 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
466372 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
1350853 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
1092515 usd
CY2024Q3 us-gaap Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
4110933 usd
CY2024Q3 us-gaap Long Term Debt
LongTermDebt
7230194 usd
CY2024Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.12 pure
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
50
CY2013Q4 zdpy Receive Per Share
ReceivePerShare
1
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
zdpy Preferred Stock Outstanding Percentage
PreferredStockOutstandingPercentage
0.51 pure
us-gaap Guarantor Obligation Term1
GuarantorObligationTerm1
P18M
CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
100000 shares
CY2024Q3 us-gaap Long Term Debt Percentage Bearing Fixed Interest Rate
LongTermDebtPercentageBearingFixedInterestRate
0.12 pure
CY2013Q4 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
5000000 shares
CY2013Q4 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2013Q4 us-gaap Preferred Stock Voting Rights
PreferredStockVotingRights
50
CY2013Q4 zdpy Receive Per Share
ReceivePerShare
1
CY2024Q3 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
CY2023Q4 us-gaap Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
2000000 shares
zdpy Preferred Stock Outstanding Percentage
PreferredStockOutstandingPercentage
0.51 pure
us-gaap Guarantor Obligation Term1
GuarantorObligationTerm1
P18M
CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
100000 shares
CY2023Q4 us-gaap Stock Option Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
StockOptionDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
15000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1250000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
39133 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
110537 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2262500 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1915000 shares
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
61048 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.54
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
90000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2262500 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.94
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P4Y4M2D
zdpy Preferred Stock Outstanding Percentage
PreferredStockOutstandingPercentage
0.51 pure
us-gaap Guarantor Obligation Term1
GuarantorObligationTerm1
P18M
CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
100000 shares
CY2023Q4 us-gaap Stock Option Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
StockOptionDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
15000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1250000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
39133 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2262500 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1915000 shares
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
61048 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.54
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
90000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2262500 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P3Y7M2D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3M18D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.91
CY2023Q4 zdpy Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageRemainingContractualTerm
P7Y5M19D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
158750 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.82
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
293750 shares
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.97
zdpy Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageRemainingContractualTerm
P6Y5M15D
CY2021Q3 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1 pure
CY2021Q3 us-gaap Workers Compensation Discount Percent
WorkersCompensationDiscountPercent
0.04 pure
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
12178 usd
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
21585 usd
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
2 segments
CY2024Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
1029630 usd
CY2023Q3 us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
720450 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2181091 usd
CY2023Q4 us-gaap Stock Option Down Round Feature Decrease In Net Income Loss To Common Shareholder Amount
StockOptionDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount
15000 usd
CY2023Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.15
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Shares Purchased For Award
ShareBasedCompensationArrangementByShareBasedPaymentAwardSharesPurchasedForAward
1250000 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
39133 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested In Period Fair Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1
110537 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableNumber
1915000 shares
CY2024Q3 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
61048 usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
0.54
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Options Forfeited Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedNumberOfShares
90000 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
2262500 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.94
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
1968750 shares
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.94
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P3Y3M18D
CY2023Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.91
CY2023Q4 zdpy Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageRemainingContractualTerm
P7Y5M19D
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares
158750 shares
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
0.82
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Number Of Shares
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedNumberOfShares
293750 shares
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
0.97
zdpy Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Remaining Contractual Term
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageRemainingContractualTerm
P6Y5M15D
CY2021Q3 us-gaap Defined Contribution Plan Maximum Annual Contributions Per Employee Percent
DefinedContributionPlanMaximumAnnualContributionsPerEmployeePercent
1 pure
CY2021Q3 us-gaap Workers Compensation Discount Percent
WorkersCompensationDiscountPercent
0.04 pure
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
12178 usd
us-gaap Employee Stock Ownership Plan Esop Compensation Expense
EmployeeStockOwnershipPlanESOPCompensationExpense
21585 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2559008 usd
us-gaap Revenue From Contract With Customer Including Assessed Tax
RevenueFromContractWithCustomerIncludingAssessedTax
2181091 usd
CY2024Q3 us-gaap Depreciation And Amortization
DepreciationAndAmortization
89701 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
269218 usd
us-gaap Depreciation And Amortization
DepreciationAndAmortization
290854 usd
CY2024Q3 us-gaap Interest Expense
InterestExpense
187166 usd
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zdpy Equity Method Loss From Unconsolidated Joint Ventures
EquityMethodLossFromUnconsolidatedJointVentures
usd
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
shares
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2024Q3 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
usd
CY2023Q4 zdpy Sharebased Compensation Arrangement By Sharebased Payment Award Options Aggregate Intrinsic Value Nonvested
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsAggregateIntrinsicValueNonvested
usd
zdpy Share Based Compensation Arrangement By Share Based Payment Award Aggregate Intrinsic Value Forfeited During The Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardAggregateIntrinsicValueForfeitedDuringThePeriod
usd
CY2024Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
usd
CY2024Q3 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
usd
us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
usd
CY2024Q3 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
usd
CY2023Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
usd
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001279620
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001279620

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