10-K Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 FY 2022

Filing Information

Form Type	10-K
Accession Number	`0001437749-23-008235`
Period End Date	20221231
Filing Date	20230328
Fiscal Year	2022
Fiscal Period	FY
XBRL Instance	sqft20221231_10k_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 68 Income Statement 46 Cash Flow Statement 86 Stockholders Equity 16

Balance Sheet 68 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$21.14M	USD	Point-in-time
Land	`Land`	$19.19M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$125.98M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$119.22M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$12.75M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$13.86M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale`	$4.11M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale`	$4.11M	USD	Point-in-time
Preferred stock, shares authorized (in shares)	`PreferredStockSharesAuthorized`	1.00M	shares	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$163.14M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$157.22M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$30.59M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$34.64M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$126.63M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$128.50M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$11.43M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$2.02M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldforinvestmentAndRealEstateHeldForSaleNet`	$138.06M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldforinvestmentAndRealEstateHeldForSaleNet`	$130.51M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$14.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$16.52M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.52M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.35M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Other assets, net (see Note 6)	`OtherAssetsMiscellaneous`	$3.51M	USD	Point-in-time
Other assets, net (see Note 6)	`OtherAssetsMiscellaneous`	$4.66M	USD	Point-in-time
Total other assets	`OtherAssets`	$23.97M	USD	Point-in-time
Total other assets	`OtherAssets`	$23.13M	USD	Point-in-time
Investments held in Trust (see Notes 2 & 9)	`AssetsHeldInTrust`	$136.87M	USD	Point-in-time
Investments held in Trust (see Notes 2 & 9)	`AssetsHeldInTrust`	-	USD	Point-in-time
TOTAL ASSETS	`Assets`	$161.20M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$291.35M	USD	Point-in-time
Mortgage notes payable, net	`MortgageNotesPayableRelatedToRealEstateAssetsHeldForInvestmentNet`	$87.32M	USD	Point-in-time
Mortgage notes payable, net	`MortgageNotesPayableRelatedToRealEstateAssetsHeldForInvestmentNet`	$95.90M	USD	Point-in-time
Mortgage notes payable related to properties held for sale, net	`MortgageNotesPayableRelatedToPropertiesHeldForSaleNet`	$999.52K	USD	Point-in-time
Mortgage notes payable related to properties held for sale, net	`MortgageNotesPayableRelatedToPropertiesHeldForSaleNet`	$1.54M	USD	Point-in-time
Mortgage notes payable, total net	`MortgageNotesPayableNet`	$88.86M	USD	Point-in-time
Mortgage notes payable, total net	`MortgageNotesPayableNet`	$96.90M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.57M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.03M	USD	Point-in-time
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	`AccountsPayableAndAccruedLiabilitiesSPAC`	$15.50K	USD	Point-in-time
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	`AccountsPayableAndAccruedLiabilitiesSPAC`	$5.05M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$1.88M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$1.94M	USD	Point-in-time
Dividends payable preferred stock	`DividendsPayableCurrentAndNoncurrent`	$179.69K	USD	Point-in-time
Dividends payable preferred stock	`DividendsPayableCurrentAndNoncurrent`	$178.51K	USD	Point-in-time
Lease liability, net	`OperatingLeaseLiability`	$75.55K	USD	Point-in-time
Lease liability, net	`OperatingLeaseLiability`	$46.83K	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$73.13K	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$18.24K	USD	Point-in-time
Total liabilities	`Liabilities`	$95.71M	USD	Point-in-time
Total liabilities	`Liabilities`	$108.10M	USD	Point-in-time
Commitments and contingencies (Note 2 & 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 2 & 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$182.04M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$186.49M	USD	Point-in-time
Dividends and accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-138.34M	USD	Point-in-time
Dividends and accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-130.95M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$55.67M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$43.83M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.01M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$9.81M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.12M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.48M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$291.35M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$161.20M	USD	Point-in-time

Income Statement 46 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeaseLeaseIncome`	$18.42M	USD	Annual
Rental income	`OperatingLeaseLeaseIncome`	$17.20M	USD	Annual
Fees and other income	`FeeAndOtherIncome`	$810.85K	USD	Annual
Fees and other income	`FeeAndOtherIncome`	$560.97K	USD	Annual
Total revenue	`Revenues`	$17.76M	USD	Annual
Total revenue	`Revenues`	$19.23M	USD	Annual
Rental operating costs	`OperatingLeaseExpense`	$6.18M	USD	Annual
Rental operating costs	`OperatingLeaseExpense`	$5.84M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.16M	USD	Annual
General and administrative	`GeneralAndAdministrativeExpense`	$6.23M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.40M	USD	Annual
Depreciation and amortization	`DepreciationAndAmortization`	$5.47M	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	$608.00K	USD	Annual
Total costs and expenses	`OperatingExpenses`	$17.47M	USD	Annual
Total costs and expenses	`OperatingExpenses`	$18.41M	USD	Annual
Gain on sale of marketable securities, net	`MarketableSecuritiesGainLoss`	$39.43K	USD	Annual
Gain on sale of marketable securities, net	`MarketableSecuritiesGainLoss`	$2.02M	USD	Annual
Interest and other (expense), net	`NonoperatingInterestAndOtherIncomeExpense`	$21.07K	USD	Annual
Interest and other (expense), net	`NonoperatingInterestAndOtherIncomeExpense`	$-42.84K	USD	Annual
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$2.49M	USD	Annual
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$5.08M	USD	Annual
Gain on extinguishment of government debt	`GainsLossesOnExtinguishmentOfDebt`	$10.00K	USD	Annual
Gain on extinguishment of government debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Income tax (expense) credit	`IncomeTaxExpenseBenefit`	$-47.62K	USD	Annual
Income tax (expense) credit	`IncomeTaxExpenseBenefit`	$1.22M	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$1.19M	USD	Annual
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.28M	USD	Annual
Net income (loss)	`ProfitLoss`	$1.49M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.46M	USD	Annual
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$2.16M	USD	Annual
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$3.61M	USD	Annual
Net loss attributable to Presidio Property Trust, Inc. stockholders	`NetIncomeLoss`	$-2.13M	USD	Annual
Net loss attributable to Presidio Property Trust, Inc. stockholders	`NetIncomeLoss`	$-3.63M	USD	Annual
Less: Preferred Stock Series D dividends	`PreferredStockDividendsIncomeStatementImpact`	$1.17M	USD	Annual
Less: Preferred Stock Series D dividends	`PreferredStockDividendsIncomeStatementImpact`	$2.15M	USD	Annual
Less: Series A Warrant dividend	`WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount`	$2.46M	USD	Annual
Less: Series A Warrant dividend	`WarrantDownRoundFeatureDecreaseInNetIncomeLossToCommonShareholderAmount`	-	USD	Annual
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-4.80M	USD	Annual
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLossAvailableToCommonStockholdersBasic`	$-6.74M	USD	Annual
Basic & Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.46	USD	Annual
Basic & Diluted (in dollars per share)	`EarningsPerShareBasic`	$-0.57	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.46	USD	Annual
Diluted (in dollars per share)	`EarningsPerShareDiluted`	$-0.57	USD	Annual
Weighted average number of common shares outstanding - basic & diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	10.34M	shares	Annual
Weighted average number of common shares outstanding - basic & diluted (in shares)	`WeightedAverageNumberOfSharesOutstandingBasic`	11.75M	shares	Annual

Cash Flow Statement 86 line items

Line Item	Tag	Value	Unit	Period
Net income (loss)	`ProfitLoss`	$1.49M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.46M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.40M	USD	Annual
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$5.47M	USD	Annual
Stock compensation	`ShareBasedCompensation`	$1.61M	USD	Annual
Stock compensation	`ShareBasedCompensation`	$1.20M	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$164.62K	USD	Annual
Bad debt expense	`ProvisionForDoubtfulAccounts`	$73.06K	USD	Annual
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$2.49M	USD	Annual
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$5.08M	USD	Annual
Gain on extinguishment of government debt	`GainsLossesOnExtinguishmentOfDebt`	$10.00K	USD	Annual
Gain on extinguishment of government debt	`GainsLossesOnExtinguishmentOfDebt`	-	USD	Annual
Net change in fair value marketable securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$42.66K	USD	Annual
Net change in fair value marketable securities	`EquitySecuritiesFvNiUnrealizedGainLoss`	$39.43K	USD	Annual
Net change in fair value SPAC Trust Account	`NetChangeInFairValueSPACTrustAccount`	$-1.98M	USD	Annual
Net change in fair value SPAC Trust Account	`NetChangeInFairValueSPACTrustAccount`	-	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	Annual
Impairment of real estate assets	`ImpairmentOfRealEstate`	$608.00K	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	$479.85K	USD	Annual
Amortization of financing costs	`AmortizationOfFinancingCosts`	$240.09K	USD	Annual
Amortization of above-market leases	`AmortizationOfAboveMarketLease`	$42.06K	USD	Annual
Amortization of above-market leases	`AmortizationOfAboveMarketLease`	-	USD	Annual
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$60.20K	USD	Annual
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$54.89K	USD	Annual
Straight-line rent adjustment	`StraightLineRentAdjustments`	$-231.58K	USD	Annual
Straight-line rent adjustment	`StraightLineRentAdjustments`	$-252.76K	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-1.05M	USD	Annual
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-190.35K	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.22M	USD	Annual
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.12M	USD	Annual
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-61.04K	USD	Annual
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-607.77K	USD	Annual
Net cash provided operating activities	`NetCashProvidedByUsedInOperatingActivities`	$928.82K	USD	Annual
Net cash provided operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.37M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$15.67M	USD	Annual
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$22.22M	USD	Annual
Additions to buildings and tenant improvements	`PaymentsForTenantImprovements`	$1.60M	USD	Annual
Additions to buildings and tenant improvements	`PaymentsForTenantImprovements`	$2.11M	USD	Annual
Investment in marketable securities	`PaymentsToAcquireMarketableSecurities`	$1.76M	USD	Annual
Investment in marketable securities	`PaymentsToAcquireMarketableSecurities`	$3.82M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.36M	USD	Annual
Proceeds from sale of marketable securities	`ProceedsFromSaleAndMaturityOfMarketableSecurities`	$2.38M	USD	Annual
Investment of SPAC IPO proceeds into Trust Account	`PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount`	$134.90M	USD	Annual
Investment of SPAC IPO proceeds into Trust Account	`PaymentsToAcquireInvestmentsOfSpacIpoProceedsIntoTrustAccount`	-	USD	Annual
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$70.89K	USD	Annual
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$117.06K	USD	Annual
Proceeds from sales of real estate, net	`ProceedsFromSaleOfProductiveAssets`	$49.58M	USD	Annual
Proceeds from sales of real estate, net	`ProceedsFromSaleOfProductiveAssets`	$25.77M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$24.20M	USD	Annual
Net cash (used in) provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-126.38M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromIssuanceOfMortgageNotesPayable`	$11.70M	USD	Annual
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromIssuanceOfMortgageNotesPayable`	$20.29M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfSecuredNotesPayable`	$11.96M	USD	Annual
Repayment of mortgage notes payable	`RepaymentsOfSecuredNotesPayable`	$43.07M	USD	Annual
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	Annual
Repayment of note payable	`RepaymentsOfNotesPayable`	$7.68M	USD	Annual
Payment of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$572.46K	USD	Annual
Payment of deferred offering costs	`PaymentsOfDebtIssuanceCosts`	$3.20M	USD	Annual
Distributions to noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$-4.41M	USD	Annual
Distributions to noncontrolling interests, net	`ProceedsFromPaymentsToMinorityShareholders`	$-7.59M	USD	Annual
Proceeds from initial public offering of SPAC	`ProceedsFromIssuanceInitialPublicOfferingOfSPAC`	$134.02M	USD	Annual
Proceeds from initial public offering of SPAC	`ProceedsFromIssuanceInitialPublicOfferingOfSPAC`	-	USD	Annual
SPAC offering non-controlling interest adjustment	`SPACOfferingNoncontrollingInterestAdjustment`	-	USD	Annual
SPAC offering non-controlling interest adjustment	`SPACOfferingNoncontrollingInterestAdjustment`	$1.77M	USD	Annual
Issuance of Series A Common Stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	$8.87M	USD	Annual
Issuance of Series A Common Stock, net of offering costs	`ProceedsFromIssuanceOfCommonStock`	-	USD	Annual
Issuance of Series D Preferred Stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	-	USD	Annual
Issuance of Series D Preferred Stock, net of offering costs	`ProceedsFromIssuanceOfPreferredStockAndPreferenceStock`	$20.49M	USD	Annual
Dividends paid to Series D Preferred Stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$2.15M	USD	Annual
Dividends paid to Series D Preferred Stockholders	`PaymentsOfDividendsPreferredStockAndPreferenceStock`	$994.26K	USD	Annual
Dividends paid to Series A Common Stockholders	`PaymentsOfDividendsCommonStock`	$4.47M	USD	Annual
Dividends paid to Series A Common Stockholders	`PaymentsOfDividendsCommonStock`	$3.11M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-23.42M	USD	Annual
Net cash provided by (used in) financing activities	`NetCashProvidedByUsedInFinancingActivities`	$127.26M	USD	Annual
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$3.16M	USD	Annual
Net increase in cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.81M	USD	Annual
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.54M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$16.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$14.70M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations`	$11.54M	USD	Point-in-time
Unpaid deferred financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	Annual
Unpaid deferred financing costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$15.45K	USD	Annual
Dividends payable - Preferred Stock Series D	`NoncashFinancingItemsDividendsPayable`	$178.51K	USD	Annual
Dividends payable - Preferred Stock Series D	`NoncashFinancingItemsDividendsPayable`	$179.69K	USD	Annual

Stockholders Equity 16 line items

Line Item	Tag	Value	Unit	Period
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.12M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.48M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84M	USD	Point-in-time
Net income (loss)	`ProfitLoss`	$1.49M	USD	Annual
Net income (loss)	`ProfitLoss`	$-1.46M	USD	Annual
Issuance of Common Stock	`StockIssuedDuringPeriodValueNewIssues`	$8.87M	USD	Annual
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$7.59M	USD	Annual
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$4.41M	USD	Annual
Repurchase of Stock, at cost	`StockRepurchasedAndRetiredDuringPeriodValue`	$110.63K	USD	Annual
Vesting of restricted Series A Common Stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$1.89M	USD	Annual
Vesting of restricted Series A Common Stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$807.97K	USD	Annual
Remeasurement of SPAC common stock subject to possible redemption upon IPO, Public Warrants and Private Placement Units, net of offering costs	`NoncontrollingInterestDecreaseFromDeconsolidation`	$4.02M	USD	Annual
Remeasurement of SPAC shares to redemption value	`TemporaryEquityAccretionToRedemptionValue`	$1.88M	USD	Annual
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$50.12M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$65.48M	USD	Point-in-time
Balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$52.84M	USD	Point-in-time

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