AEI Income & Growth Fund 26 LLC

CIK:0001326321|SEC Filings

Statement of Operations - USD ($)	3 Months Ended
Statement of Operations - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Rental Income	$ 40,811	$ 132,647
Expenses:
LLC Administration – Affiliates	22,487	28,099
LLC Administration and Property Management – Unrelated Parties	29,686	26,436
Depreciation and Amortization	12,741	72,092
Real Estate Impairment	132,000	0
Total Expenses	196,914	126,627
Operating Income (Loss)	(156,103)	6,020
Other Income:
Gain on Sale of Real Estate	24,945	0
Interest Income	10,038	198
Total Other Income	34,983	198
Net Income (Loss)	(121,120)	6,218
Net Income (Loss) Allocated:
Managing Members	(1,493)	187
Limited Members	(119,627)	6,031
Net Income	$ (121,120)	$ 6,218
Net Income (Loss) per LLC Unit (in Dollars per share)	$ (0.07)	$ 0.00
Weighted Average Units Outstanding – Basic and Diluted (in Shares)	1,669,943	1,678,443

Statement of Cash Flows - USD ($)	3 Months Ended
Statement of Cash Flows - USD ($)	Mar. 31, 2023	Mar. 31, 2022
Cash Flows from Operating Activities:
Net Income (Loss)	$ (121,120)	$ 6,218
Adjustments to Reconcile Net Income To Net Cash Provided by Operating Activities:
Depreciation and Amortization	12,741	73,986
Real Estate Impairment	132,000	0
Gain on Sale of Real Estate	(24,945)	0
(Increase) Decrease in Rent Receivable	(1,281)	1,613
Increase (Decrease) in Payable to AEI Fund Management, Inc.	(422)	(1,584)
Increase (Decrease) in Unearned Rent	(3,090)	0
Total Adjustments	115,003	74,015
Net Cash Provided By (Used For) Operating Activities	(6,117)	80,233
Cash Flows from Investing Activities:
Proceeds from Sale of Real Estate	945,486	0
Cash Flows from Financing Activities:
Distributions Paid to Members	(59,176)	(2,113,089)
Net Increase (Decrease) in Cash	880,193	(2,032,856)
Cash, beginning of period	1,368,226	2,790,915
Cash, end of period	$ 2,248,419	$ 758,059

Balance Sheet - USD ($)	Mar. 31, 2023	Dec. 31, 2022
Current Assets:
Cash	$ 2,248,419	$ 1,368,226
Rent Receivable	1,281	0
Total Current Assets	2,249,700	1,368,226
Real Estate Investments:
Land	305,728	344,008
Buildings	742,388	836,108
Real Estate Held for Investment, at Cost	1,048,116	1,180,116
Accumulated Depreciation and Amortization	(533,821)	(524,396)
Real Estate Held for Investment, Net	514,295	655,720
Real Estate Held for Sale	970,536	1,894,393
Total Real Estate Investments	1,484,831	2,550,113
Total Assets	3,734,531	3,918,339
Current Liabilities:
Payable to AEI Fund Management, Inc.	81,590	82,012
Distributions Payable	59,175	59,176
Unearned Rent	8,856	11,946
Total Current Liabilities	149,621	153,134
Members’ Equity:
Managing Members	17,521	20,789
Limited Members – 10,000,000 Units authorized; 1,669,943.5 Units issued and outstanding as of 3/31/2023 and 12/31/2022	3,567,389	3,744,416
Total Members’ Equity	3,584,910	3,765,205
Total Liabilities and Members’ Equity	$ 3,734,531	$ 3,918,339