v3.26.1
Consolidated Statements of Changes in Equity - USD ($)
Total
Preferred Stock [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Unearned ESOP Shares [Member]
Distributions in Excess of Retained Earnings [Member]
Noncontrolling Interest [Member]
Balances, beginning at Dec. 31, 2022 $ 51,520,723 $ 39,733 $ 189,515 $ 175,611,370 $ (2,601,134) $ (120,985,183) $ (733,578)
Balances, shares, beginning at Dec. 31, 2022   3,973,310 18,951,525        
Net income (loss) 3,809,711         3,941,421 (131,710)
Issuance of common stock 225,386   $ 2,843 222,543      
Issuance of common stock, shares     284,278        
Conversion of units in Operating partnership to shares of common stock (0)   $ 4,610 461,846     (466,456)
Conversion of units in Operating Partnership to shares of common stock, shares     461,002        
Amortization of ESOP shares 171,897     (664,730) 836,627    
Amortization of restricted stock awards 148,193     148,193      
Common stockholders' dividends and distributions declared (7,977,251)         (7,977,251)  
Balances, ending at Dec. 31, 2023 47,898,659 $ 39,733 $ 196,968 175,779,222 (1,764,507) (125,021,013) (1,331,744)
Balances, shares, ending at Dec. 31, 2023   3,973,310 19,696,805        
Net income (loss) 1,179,854         1,302,369 (122,515)
Issuance of common stock 204,924   $ 1,524 203,400      
Issuance of common stock, shares     152,360        
Amortization of ESOP shares 125,495     (776,905) 902,400    
Amortization of restricted stock awards 167,081     167,081      
Common stockholders' dividends and distributions declared (7,977,247)         (7,977,247)  
Balances, ending at Dec. 31, 2024 41,598,766 $ 39,733 $ 198,492 175,372,798 (862,107) (131,695,891) (1,454,259)
Balances, shares, ending at Dec. 31, 2024   3,973,310 19,849,165        
Net income (loss) (7,779,133)         (7,687,009) (92,124)
Issuance of common stock 263,388   $ 2,773 260,615      
Issuance of common stock, shares     277,250        
Conversion of units in Operating partnership to shares of common stock     $ 3,640 (1,549,624)     1,545,984
Conversion of units in Operating Partnership to shares of common stock, shares     364,086        
Amortization of ESOP shares 79,038     (783,069) 862,107    
Amortization of restricted stock awards 81,693     81,693      
Common stockholders' dividends and distributions declared (5,982,937)         (5,982,937)  
Balances, ending at Dec. 31, 2025 $ 28,260,815 $ 39,733 $ 204,905 $ 173,382,413 $ (0) $ (145,365,837) $ (399)
Balances, shares, ending at Dec. 31, 2025   3,973,310 20,490,501