10-Q Filing

MACKENZIE REALTY CAPITAL, INC. CIK: 1550913 Q2 2022

Filing Information

Form Type	10-Q
Accession Number	`0001140361-22-005278`
Period End Date	20211231
Filing Date	20220214
Fiscal Year	2022
Fiscal Period	Q2
XBRL Instance	brhc10033856_10q_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 73 Income Statement 61 Cash Flow Statement 66 Stockholders Equity 32

Balance Sheet 73 line items

Line Item	Tag	Value	Unit	Period
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common stock, par value (in dollars per share)	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Land	`Land`	$16.29M	USD	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Common stock, authorized (in shares)	`CommonStockSharesAuthorized`	80.00M	shares	Point-in-time
Land	`Land`	$25.00M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	13.32M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$38.35M	USD	Point-in-time
Common stock, issued (in shares)	`CommonStockSharesIssued`	13.37M	shares	Point-in-time
Building, fixtures and improvements	`BuildingsAndImprovementsGross`	$51.16M	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	-	USD	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$5.59M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.32M	shares	Point-in-time
Intangible lease assets	`OperatingLeaseRightOfUseAsset`	$5.85M	USD	Point-in-time
Common stock, shares outstanding (in shares)	`CommonStockSharesOutstanding`	13.37M	shares	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$2.26M	USD	Point-in-time
Less: accumulated depreciation and amortization	`RealEstateInvestmentPropertyAccumulatedDepreciation`	$4.40M	USD	Point-in-time
Preferred stock, par value (in dollars per share)	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$77.61M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	20.00M	shares	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$30.20M	USD	Point-in-time
Total real estate assets, net	`RealEstateInvestmentPropertyNet`	$57.97M	USD	Point-in-time
Preferred stock, issued (in shares)	`PreferredStockSharesIssued`	3,520.00	shares	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
Cash	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Preferred stock, shares outstanding (in shares)	`PreferredStockSharesOutstanding`	3,520.00	shares	Point-in-time
Restricted cash	`RestrictedCash`	$2.92M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$14.46M	USD	Point-in-time
Restricted cash	`RestrictedCash`	$1.61M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$34.88M	USD	Point-in-time
Investments, at fair value	`InvestmentOwnedSecurityAtFairValue`	$39.91M	USD	Point-in-time
Unconsolidated investments (non-securities), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$30.60M	USD	Point-in-time
Unconsolidated investments (non-securities), at fair value	`UnconsolidatedInvestmentNonSecurityAtFairValue`	$28.47M	USD	Point-in-time
Investments income, rent and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.98M	USD	Point-in-time
Investments income, rent and other receivables	`InvestmentIncomeRentAndOtherReceivable`	$1.99M	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$863.09K	USD	Point-in-time
Prepaid expenses and other assets	`PrepaidExpenseAndOtherAssets`	$332.27K	USD	Point-in-time
Total assets	`Assets`	$169.12M	USD	Point-in-time
Total assets	`Assets`	$138.55M	USD	Point-in-time
Securities sold, not yet purchased, at fair value	`FinancialInstrumentsSoldNotYetPurchasedAtFairValue`	$7.84M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$38.69M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$52.21M	USD	Point-in-time
Mortgage notes payable, net	`NotesPayable`	$23.97M	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$871.72K	USD	Point-in-time
Deferred rent and other liabilities	`DeferredRentCreditAndOtherLiabilities`	$738.18K	USD	Point-in-time
Dividend payable	`DividendsPayableCurrentAndNoncurrent`	$1.07M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$918.45K	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$1.27M	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$838.31K	USD	Point-in-time
Below-market lease liabilities, net	`BelowMarketLeaseNet`	$689.60K	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$1.94K	USD	Point-in-time
Due to related entities	`DueToRelatedPartiesCurrentAndNoncurrent`	$88.29K	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	-	USD	Point-in-time
Capital pending acceptance	`CapitalPendingAcceptance`	$73.00K	USD	Point-in-time
Total liabilities	`Liabilities`	$41.19M	USD	Point-in-time
Total liabilities	`Liabilities`	$64.10M	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,367,871 shares issued and outstanding at December 31, 2021 and 13,316,426.79 shares issued and outstanding at June 30, 2021	`CommonStockValue`	$1.34K	USD	Point-in-time
Common stock, $0.0001 par value, 80,000,000 shares authorized; 13,367,871 shares issued and outstanding at December 31, 2021 and 13,316,426.79 shares issued and outstanding at June 30, 2021	`CommonStockValue`	$1.33K	USD	Point-in-time
Preferred stock, $0.0001 par value, 20,000,000 shares authorized, 3,520 shares issued and outstanding	`PreferredStockValue`	-	USD	Point-in-time
Capital in excess of par value	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$120.41M	USD	Point-in-time
Capital in excess of par value	`TemporaryEquityValueExcludingAdditionalPaidInCapital`	$120.54M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-16.59M	USD	Point-in-time
Accumulated deficit	`RetainedEarningsAccumulatedDeficit`	$-23.30M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$97.11M	USD	Point-in-time
Total stockholders' equity	`StockholdersEquity`	$103.95M	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$251.84K	USD	Point-in-time
Non-controlling interests	`MembersEquityAttributableToNoncontrollingInterest`	$1.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$105.02M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.80M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$138.55M	USD	Point-in-time
Total liabilities and equity	`LiabilitiesAndStockholdersEquity`	$169.12M	USD	Point-in-time

Income Statement 61 line items

Line Item	Tag	Value	Unit	Period
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$5.29M	USD	2 Qtrs
Rental and reimbursements	`RevenueFromContractWithCustomerExcludingAssessedTax`	$2.57M	USD	1 Quarter
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$3.24M	USD	2 Qtrs
Property operating and maintenance	`PropertyRepairsAndMaintenanceExpense`	$1.84M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$1.11M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$2.08M	USD	2 Qtrs
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	-	USD	2 Qtrs
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	$1.35M	USD	2 Qtrs
Asset management fees to related party (note 6)	`AssetsManagementFeeExpense`	$677.62K	USD	1 Quarter
Interest expense	`InterestExpense`	$845.50K	USD	2 Qtrs
Interest expense	`InterestExpense`	$496.76K	USD	1 Quarter
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$304.80K	USD	2 Qtrs
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$152.40K	USD	1 Quarter
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$310.40K	USD	2 Qtrs
Administrative cost reimbursements to related party (note 6)	`AdministrativeFeesExpense`	$155.20K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$134.61K	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$150.79K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$361.19K	USD	2 Qtrs
Professional fees	`ProfessionalFees`	$136.73K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$139.16K	USD	1 Quarter
Professional fees	`ProfessionalFees`	$235.13K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$53.20K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$61.60K	USD	2 Qtrs
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$26.60K	USD	1 Quarter
Transfer agent cost reimbursements to related party (note 6)	`NoninterestExpenseTransferAgentAndCustodianFees`	$30.80K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$30.50K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$36.00K	USD	2 Qtrs
Directors' fees	`NoninterestExpenseDirectorsFees`	$19.50K	USD	1 Quarter
Directors' fees	`NoninterestExpenseDirectorsFees`	$56.00K	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$2.43M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$8.44M	USD	2 Qtrs
Total operating expenses	`OperatingExpenses`	$1.28M	USD	1 Quarter
Total operating expenses	`OperatingExpenses`	$4.61M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-2.04M	USD	1 Quarter
Operating loss	`OperatingIncomeLoss`	$-3.15M	USD	2 Qtrs
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$1.38M	USD	2 Qtrs
Dividend and distribution income from equity securities at fair value	`DividendIncomeEquitySecuritiesOperating`	$993.01K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-193.30K	USD	1 Quarter
Net unrealized gain (loss) on equity securities at fair value	`EquitySecuritiesFvNiUnrealizedGainLoss`	$2.96M	USD	2 Qtrs
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$3.93M	USD	2 Qtrs
Net income from equity method investments at fair value	`IncomeLossFromEquityMethodInvestments`	$2.05M	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$3.75M	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$4.35M	USD	2 Qtrs
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$-26.00	USD	1 Quarter
Net realized gain from investments	`RealizedInvestmentGainsLosses`	$1.02M	USD	2 Qtrs
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net income	`ProfitLoss`	$9.48M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.56M	USD	1 Quarter
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-30.26K	USD	2 Qtrs
Net loss attributable to non-controlling interests	`NetIncomeLossAttributableToNoncontrollingInterest`	$-30.62K	USD	1 Quarter
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$440.00	USD	1 Quarter
Net income attributable to preferred stockholders	`PreferredStockDividendsIncomeStatementImpact`	$440.00	USD	2 Qtrs
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$4.59M	USD	1 Quarter
Net income attributable to common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$9.51M	USD	2 Qtrs
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.34	USD	1 Quarter
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$-0.74	USD	2 Qtrs
Net income per share attributable to common stockholders (in dollars per share)	`EarningsPerShareBasic`	$0.71	USD	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.35M	shares	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.37M	shares	1 Quarter
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.02M	shares	2 Qtrs
Weighted average common shares outstanding (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	13.19M	shares	1 Quarter

Cash Flow Statement 66 line items

Line Item	Tag	Value	Unit	Period
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net income	`ProfitLoss`	$9.48M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.56M	USD	1 Quarter
Net unrealized gain on equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$-193.30K	USD	1 Quarter
Net unrealized gain on equity securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$2.96M	USD	2 Qtrs
Net income from equity method investments at fair value	`IncomeFromEquityMethodInvestmentsAtFairValue`	$-1.96M	USD	2 Qtrs
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$3.75M	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$4.35M	USD	2 Qtrs
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$-26.00	USD	1 Quarter
Net realized gain on investments	`RealizedInvestmentGainsLosses`	$1.02M	USD	2 Qtrs
Straight - line rent	`StraightLineRent`	$383.14K	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$2.08M	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$6.15K	USD	2 Qtrs
Amortization of deferred financing costs	`AmortizationOfFinancingCosts`	$342.01K	USD	2 Qtrs
Accretion of market lease and other intangibles, net	`AccretionOfMarketLeaseAndOtherIntangiblesNet`	$-84.76K	USD	2 Qtrs
Investment income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$-393.25K	USD	2 Qtrs
Investment income, rent and other receivables	`IncreaseDecreaseInInvestmentIncomeRentAndOtherReceivables`	$447.40K	USD	2 Qtrs
Due from related entities	`IncreaseDecreaseInDueFromRelatedParties`	$150.87K	USD	2 Qtrs
Due from related entities	`IncreaseDecreaseInDueFromRelatedParties`	$10.00K	USD	2 Qtrs
Prepaid expenses and other assets	`IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets`	$530.82K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$348.83K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-48.03K	USD	2 Qtrs
Deferred rent and other liabilities	`IncreaseDecreaseInDeferredRentAndOtherLiabilities`	$133.54K	USD	2 Qtrs
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$-40.08K	USD	2 Qtrs
Due to related entities	`IncreaseDecreaseInDueToRelatedParties`	$96.35K	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$3.14M	USD	2 Qtrs
Net cash from operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.25M	USD	2 Qtrs
Proceeds from sale of investments	`ProceedsFromSaleOfOtherInvestments`	$23.30M	USD	2 Qtrs
Investments in real estate assets	`PaymentsToAcquirePartnersInterestInRealEstatePartnershipNetOfCashAcquired`	$21.78M	USD	2 Qtrs
Purchase of investments	`PaymentsToAcquireInvestments`	$3.23M	USD	2 Qtrs
Return on capital distributions	`ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital`	$4.20M	USD	2 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$2.49M	USD	2 Qtrs
Net cash from investing activities	`NetCashProvidedByUsedInInvestingActivities`	$1.93M	USD	2 Qtrs
Proceeds from mortgage notes payable	`ProceedsFromNotesPayable`	$15.00M	USD	2 Qtrs
Payments on mortgage notes payable	`RepaymentsOfNotesPayable`	$708.82K	USD	2 Qtrs
Dividend to stockholders	`PaymentsOfDividendsCommonStock`	$1.21M	USD	2 Qtrs
Payment of deferred financing costs	`PaymentsOfFinancingCosts`	$784.33K	USD	2 Qtrs
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$88.00K	USD	2 Qtrs
Proceeds from issuance of preferred stock	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$88.00K	USD	Annual
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$431.42K	USD	2 Qtrs
Payment of selling commissions and fees	`PaymentOfSellingCommissionsAndFees`	$9.11K	USD	2 Qtrs
Contributions by non-controlling interests holders	`ProceedsFromMinorityShareholders`	$856.36K	USD	2 Qtrs
Distributions to non-controlling interests holders	`PaymentsOfDividendsMinorityInterest`	$5.35K	USD	2 Qtrs
Redemption of common stock	`RedemptionOfCommonStock`	$55.19K	USD	2 Qtrs
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$87.74K	USD	2 Qtrs
Capital pending acceptance	`PaymentsForProceedsFromChangeInCapitalPendingAcceptance`	$-73.00K	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$12.83M	USD	2 Qtrs
Net cash from financing activities	`NetCashProvidedByUsedInFinancingActivities`	$121.59K	USD	2 Qtrs
Net increase in cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$17.57M	USD	2 Qtrs
Net increase in cash and restricted cash equivalents	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect`	$5.20M	USD	2 Qtrs
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.96M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at beginning of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.15M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$25.33M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.96M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$7.75M	USD	Point-in-time
Cash, cash equivalents and restricted cash at end of the period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.15M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$4.83M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$10.87M	USD	Point-in-time
Cash at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$12.54M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$2.92M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$14.46M	USD	Point-in-time
Restricted cash at end of the period	`RestrictedCash`	$1.61M	USD	Point-in-time
Issuance of common stock through reinvestment of dividends	`StockIssued1`	$526.31K	USD	2 Qtrs
Cash paid for interest	`InterestPaidNet`	$832.85K	USD	2 Qtrs

Stockholders Equity 32 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$105.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	0.00	shares	Point-in-time
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$856.36K	USD	2 Qtrs
Contributions by non-controlling interest holders	`StockIssuedDuringPeriodValueCapitalContributionsByNonControllingInterestHolders`	$856.36K	USD	1 Quarter
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$6.31K	USD	2 Qtrs
Distributions to non-controlling interest holders	`StockIssuedDuringPeriodValueDistributionsToNonControllingInterestHolders`	$2.70K	USD	1 Quarter
Dividends to common stockholders	`DividendsCommonStockStock`	$2.80M	USD	2 Qtrs
Dividends to common stockholders	`DividendsCommonStockStock`	$1.07M	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$440.00	USD	1 Quarter
Dividends to preferred stockholders	`DividendsPreferredStockStock`	$440.00	USD	2 Qtrs
Net income	`ProfitLoss`	$-9.67M	USD	2 Qtrs
Net income	`ProfitLoss`	$9.48M	USD	2 Qtrs
Net income	`ProfitLoss`	$4.56M	USD	1 Quarter
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$526.31K	USD	2 Qtrs
Issuance of common stock through reinvestment of dividends	`StockIssuedDuringPeriodValueDividendReinvestmentPlan`	$282.82K	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$218.44K	USD	2 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$57.70K	USD	1 Quarter
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$88.00K	USD	2 Qtrs
Issuance of preferred stock	`StockIssuedDuringPeriodValueNewIssues`	$88.00K	USD	1 Quarter
Issuance of preferred stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15.00M	shares	Point-in-time
Issuance of preferred stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	15.00M	shares	Point-in-time
Issuance of preferred stock (in shares)	`StockIssuedDuringPeriodSharesNewIssues`	5.00M	shares	Point-in-time
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$431.42K	USD	2 Qtrs
Payment of selling commissions and fees	`AdjustmentsToAdditionalPaidInCapitalStockIssuedIssuanceCosts`	$431.42K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$55.19K	USD	2 Qtrs
Repurchase of common stock	`StockRepurchasedDuringPeriodValue`	$55.19K	USD	1 Quarter
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$105.02M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$100.80M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$97.36M	USD	Point-in-time
Balance (in shares)	`SharesOutstanding`	0.00	shares	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.