Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Assets    
Real estate assets, net $ 58,790,221 $ 59,768,533
Cash and cash equivalents 2,527,319 1,614,771
Restricted cash 231,505 340,672
Investments in securities 2,707,640 1,916,451
Accounts receivable 106,200 106,521
Prepaid expenses and other assets 510,420 351,764
Line of credit issuance costs, net 258,948 152,542
Goodwill 694,121 694,121
Total assets 65,826,374 64,945,375
Liabilities and equity    
Note payable, net 18,036,797 18,389,176
Accounts payable and accrued expenses 1,439,711 1,373,308
Line of credit borrowing   5,144,000
Total liabilities 19,476,508 24,906,484
Commitments and contingencies
Equity    
Preferred stock, $0.01 par value: 50,000,000 shares authorized, no shares outstanding
Common stock, $0.01 par value: 450,000,000 shares authorized, 10,708,613 and 9,343,118 issued and outstanding at September 30, 2021 and December 31, 2020, respectively 107,086 93,431
Additional paid in capital 46,766,712 40,455,409
Accumulated deficit (523,932) (509,949)
Total equity 46,349,866 40,038,891
Total liabilities and equity $ 65,826,374 $ 64,945,375