$ZDPY

Zoned Properties, Inc.

CIK:0001279620|SEC Filings

Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025	Jun. 30, 2026	Jun. 30, 2025
REVENUES:
Total revenues	$ 773,977	$ 937,774	$ 1,946,413	$ 1,912,326
OPERATING EXPENSES:
Compensation and benefits	265,395	341,306	435,574	626,974
Professional fees	287,565	58,013	430,075	135,774
Brokerage fees	62,086	75,224	432,703	75,224
General and administrative expenses	93,827	64,854	144,124	120,694
Depreciation and amortization	74,627	88,184	148,462	176,692
Real estate taxes	31,713	38,005	70,493	76,009
Property portfolio business development costs	5,000		204,650
Total operating expenses, net	820,213	665,586	1,866,081	1,211,367
(LOSS) INCOME FROM OPERATIONS	(46,236)	272,188	80,332	700,959
OTHER (EXPENSES) INCOME:
Interest expenses	(172,192)	(196,943)	(382,775)	(391,466)
Other income	2,000		4,500
Gain from sale of rental properties, net	237,815		237,815
Income (loss) from derivative - interest rate swap	52,400	(48,919)	79,255	(137,309)
Total other income (expenses), net	120,023	(245,862)	(61,205)	(528,775)
NET INCOME	$ 73,787	$ 26,326	$ 19,127	$ 172,184
NET INCOME PER COMMON SHARE:
Basic (in Dollars per share)	$ 0.01	$ 0	$ 0	$ 0.01
Diluted (in Dollars per share)	$ 0.01	$ 0	$ 0	$ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic (in Shares)	13,180,829	12,066,252	13,002,928	12,076,981
Diluted (in Shares)	13,580,829	12,466,252	13,402,928	12,476,981
Property investment portfolio revenues
REVENUES:
Total revenues	$ 656,370	$ 757,626	$ 1,412,100	$ 1,518,518
Real estate services revenues
REVENUES:
Total revenues	$ 117,607	$ 180,148	$ 534,313	$ 393,808

Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2026	Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:
Net income	$ 19,127	$ 172,184
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization expense	148,462	176,692
Amortization of debt discount	12,836	12,836
Stock-based compensation	109,250
Stock option (recovery) expense	(93,105)	68,636
Loss on forfeited escrow deposit	199,650
Gain on sales of rental properties, net	(237,815)
Bad debt recovery	(33,016)
Lease costs	(330)	329
(Income) loss from interest rate swap	(79,255)	137,309
Change in operating assets and liabilities:
Accounts receivable	322,583	152,676
Deferred rent receivable	(419,553)	(239,805)
Lease incentive receivable	13,761	13,761
Prepaid expenses and other assets	(20,321)	150,957
Accounts payable	16,080	(63,080)
Accrued expenses	129,541	(21,264)
Contract liabilities	920,200	(6,840)
Security deposits payable	33,333	15,399
NET CASH PROVIDED BY OPERATING ACTIVITIES	1,041,428	569,790
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchases of rental properties and improvements		(600,000)
Proceeds from sale of rental properties	562,075
Decrease (increase) in capitalized project costs	9,598	(143,361)
Investment in cost-method investees		(84,110)
Decrease (increase) in escrow deposits	32,900	(18,181)
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES	604,573	(845,652)
CASH FLOWS FROM FINANCING ACTIVITIES:
Purchase of treasury stock		(26,858)
Net proceeds from notes payable		300,000
Repayment of notes payable	(37,350)	(31,413)
NET CASH (USED IN) PROVIDED BY FINANCING ACTIVITIES	(37,350)	241,729
NET INCREASE (DECREASE) IN CASH	1,608,651	(34,133)
CASH, beginning of period	837,767	1,019,980
CASH, end of period	2,446,418	985,847
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	349,837	362,045
NON-CASH INVESTING AND FINANCING ACTIVITIES:
Reclassification of capitalized project costs to prepaid expenses and other assets		142,312
Common stock issued for future services	437,000
Accounts receivable, net	36,558
Deferred rent receivable	444,443
Rental properties, net	2,632,500
Total decrease in assets from sale of rental properties	3,113,501
Accrued expenses	36,482
Notes payable	1,702,608
Security deposits payable	56,100
Total liabilities assumed by buyers	1,795,190
Decrease in net assets from sale of rental properties	(1,318,311)
Increase in escrow deposits due from sale of rental properties	994,051
Cash received from sale of rental properties	562,075
Gain from sale of rental properties	$ 237,815

Consolidated Balance Sheets - USD ($)	Jun. 30, 2026	Dec. 31, 2025
ASSETS
Cash	$ 2,446,418	$ 837,767
Accounts receivable	126,749	452,874
Deferred rent	1,059,523	1,084,413
Lease incentive receivable	380,734	394,495
Rental properties, net	7,711,219	10,490,786
Prepaid expenses and other assets	540,512	192,441
Escrow deposits	1,100,320	294,169
Capitalized project costs		54,248
Property and equipment, net	4,400	5,795
Operating lease right of use asset, net	18,180	39,106
Investment in cost-method investees	84,110	84,110
Interest rate swap asset	1,927
Security deposits	2,272	2,272
Total Assets	13,476,364	13,932,476
LIABILITIES:
Convertible debenture	2,000,000	2,000,000
Notes payable, net	5,813,005	7,540,127
Accounts payable	146,321	130,241
Accrued expenses	528,749	435,690
Lease liability	18,455	39,711
Contract liabilities	1,222,482	302,282
Derivative liability - interest rate swap, at fair value		77,328
Security deposits payable	316,704	339,471
Total Liabilities	10,045,716	10,864,850
Commitments and Contingencies (Note 10)
STOCKHOLDERS’ EQUITY:
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding on June 30, 2026 and December 31, 2025 ($1.00 per share liquidation preference or $2,000,000)	2,000	2,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 13,351,516 and 12,201,516 shares issued on June 30, 2026 and December 31, 2025, respectively, and 13,180,829 and 12,030,829 shares outstanding on June 30, 2026 and December 31, 2025, respectively	13,352	12,202
Additional paid-in capital	21,939,974	21,597,229
Treasury stock, at cost (170,687 and 170,687 shares on June 30, 2026 and December 31, 2025, respectively)	(49,868)	(49,868)
Accumulated deficit	(18,474,810)	(18,493,937)
Total Stockholders’ Equity	3,430,648	3,067,626
Total Liabilities and Stockholders’ Equity	$ 13,476,364	$ 13,932,476