v3.25.2

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2025	Jun. 30, 2024	Jun. 30, 2025	Jun. 30, 2024
REVENUES:
Total revenues	$ 937,774	$ 692,326	$ 1,912,326	$ 1,529,378
OPERATING EXPENSES:
Compensation and benefits	341,306	274,015	626,974	539,179
Professional fees	58,013	88,865	135,774	211,135
Brokerage fees	75,224		75,224	103,330
General and administrative expenses	64,854	99,588	120,694	178,364
Depreciation and amortization	88,184	89,870	176,692	179,517
Real estate taxes	38,005	35,575	76,009	62,931
Property portfolio business development costs		1,275		22,875
Total operating expenses, net	665,586	589,188	1,211,367	1,297,331
INCOME FROM OPERATIONS	272,188	103,138	700,959	232,047
OTHER INCOME (EXPENSES):
Interest expenses	(196,943)	(156,464)	(391,466)	(314,503)
(Loss) income from derivative - interest rate swap	(48,919)	21,043	(137,309)	146,646
Total other expenses, net	(245,862)	(135,421)	(528,775)	(167,857)
NET INCOME (LOSS)	$ 26,326	$ (32,283)	$ 172,184	$ 64,190
NET INCOME (LOSS) PER COMMON SHARE:
Basic (in Dollars per share)	$ 0	$ 0	$ 0.01	$ 0.01
Diluted (in Dollars per share)	$ 0	$ 0	$ 0.01	$ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in Shares)	12,066,252	12,101,548	12,076,981	12,101,548
Diluted (in Shares)	12,466,252	12,101,548	12,476,981	12,501,548
Property investment portfolio revenues
REVENUES:
Total revenues	$ 757,626	$ 679,326	$ 1,518,518	$ 1,370,618
Real estate services revenues
REVENUES:
Total revenues	$ 180,148	$ 13,000	$ 393,808	$ 158,760

Business development involves the development of products and services, their delivery, design and their implementation. Business development includes a number of techniques designed to grow an economic enterprise. Such techniques include, but are not limited to, assessments of marketing opportunities and target markets, intelligence gathering on customers and competitors, generating leads for possible sales, follow-up sales activity, formal proposal writing and business model design. Business development involves evaluating a business and then realizing its full potential, using such tools as marketing, sales, information management and customer service.

Zoned Properties, Inc. 10-Q