v3.25.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (186,237) $ (275,332)
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 215,006 197,759
Imputed interest 82,385 89,913
Cumulative preferred stock dividends payable 26,020 25,949
Impairment of investment in securities 80,940
Amortization of debt discounts 43,837
Loss on early extinguishment of debt 73,802
Decrease (increase) in current assets:    
Accounts receivable (2,363) (2,100)
Prepaid expenses 9,500 (9,500)
Security deposits 183
Increase (decrease) in current liabilities:    
Accounts payable (16,268) 21,250
Advanced rents received 17,751 10,124
Accrued expenses 47,964 (1,727)
Security deposits payable (203,943) 53,714
Net cash provided by operating activities 188,394 110,233
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of investments at cost (80,940)
Purchase of property and equipment (525,856)
Net cash used in investing activities (606,796)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds received from mortgages payable 611,199 240,000
Repayments on mortgages payable (207,562) (417,737)
Net cash provided by (used in) financing activities 403,637 (177,737)
NET CHANGE IN CASH (14,765) (67,504)
CASH AT BEGINNING OF PERIOD 24,564 92,068
CASH AT END OF PERIOD 9,799 24,564
SUPPLEMENTAL INFORMATION:    
Interest paid 1,037,407 905,144
Income taxes paid
Non-cash investing and financing transactions:    
Acquisitions of properties with debt financing $ 4,089,000