Power REIT (PW) 10-K 31 Mar 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Mar. 31, 2023	Jun. 30, 2022
Document Type	10-K
Amendment Flag	false
Document Annual Report	true
Document Transition Report	false
Document Period End Date	Dec. 31, 2022
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	001-36312
Entity Registrant Name	POWER REIT
Entity Central Index Key	0001532619
Entity Tax Identification Number	45-3116572
Entity Incorporation, State or Country Code	MD
Entity Address, Address Line One	301 Winding Road
Entity Address, City or Town	Old Bethpage
Entity Address, State or Province	NY
Entity Address, Postal Zip Code	11804
City Area Code	(212)
Local Phone Number	750-0371
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Public Float			$ 34,815,000
Entity Common Stock, Shares Outstanding		3,389,661
Documents Incorporated by Reference [Text Block]	None
ICFR Auditor Attestation Flag	false
Auditor Firm ID	206
Auditor Name	MaloneBailey, LLP
Auditor Location	Houston, Texas
Common Shares
Title of 12(b) Security	Common Shares
Trading Symbol	PW
Security Exchange Name	NYSE
7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share
Title of 12(b) Security	7.75% Series A Cumulative Redeemable Perpetual Preferred Stock, Liquidation Preference $25 per Share
Trading Symbol	PW.A
Security Exchange Name	NYSE

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2022	Dec. 31, 2021
ASSETS
Land	$ 7,826,135	$ 7,820,115
Greenhouse cultivation and processing facilities, net of accumulated depreciation	46,577,077	29,508,012
Greenhouse cultivation and processing facilities - construction in progress		11,150,155
Net investment in direct financing lease - railroad	9,150,000	9,150,000
Total real estate assets	63,553,212	57,628,282
Cash and cash equivalents	2,847,871	3,171,301
Restricted cash	1,000,000
Accounts receivable	62,198
Prepaid expenses and deposits	6,580	493,196
Intangible lease asset, net of accumulated amortization	2,731,909	2,959,397
Deferred debt issuance cost, net of amortization	46,023	274,003
Deferred rent receivable	445,058	1,306,281
Assets held for sale	15,504,072	19,435,730
Other assets		50,000
TOTAL ASSETS	86,196,923	85,318,190
LIABILITIES AND EQUITY
Accounts payable	1,416,085	18,173
Accrued property tax	396,904
Accrued interest	153,317	76,600
Deferred rent liability		861,916
Tenant security deposits	924,724	1,840,206
Liabilities held for sale	717,988	1,013,059
Current portion of long-term debt, net of unamortized discount	1,119,821	641,238
Long-term debt, net of unamortized discount	37,217,841	22,555,911
TOTAL LIABILITIES	41,946,680	27,007,103
Series A 7.75% Cumulative Redeemable Perpetual Preferred Stock Par Value $25.00 (1,675,000 shares authorized; 336,944 issued and outstanding as of December 31, 2022 and December 31, 2021)	8,653,159	8,489,952
Equity:
Common Shares, $0.001 par value (98,325,000 shares authorized;  3,389,661 shares issued and outstanding as of December 31, 2022 and 3,367,561 shares issued and outstanding as of December 31, 2021)	3,389	3,367
Additional paid-in capital	46,369,311	45,687,074
Retained earnings (accumulated deficit)	(10,775,616)	4,130,694
Total Equity	35,597,084	49,821,135
TOTAL LIABILITIES AND EQUITY	$ 86,196,923	$ 85,318,190

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock cumulative redeemable percentage	7.75%	7.75%
Temporary equity, par value	$ 25	$ 25
Temporary equity, shares authorized	1,675,000	1,675,000
Temporary equity, shares issued	336,944	336,944
Temporary equity, shares outstanding	336,944	336,944
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	98,325,000	98,325,000
Common stock, shares issued	3,389,661	3,367,561
Common stock, shares outstanding	3,389,661	3,367,561

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
REVENUE
Lease income from direct financing lease – railroad	$ 915,000	$ 915,000
Rental income	7,023,548	6,813,237
Rental income - related parties	578,991	722,126
Other income	181	7,551
TOTAL REVENUE	8,517,720	8,457,914
EXPENSES
Amortization of intangible assets	371,804	399,733
General and administrative	1,518,884	880,863
Property maintenance	516,012
Property taxes	362,008	25,912
Depreciation expense	1,505,470	867,031
Impairment expense	16,739,040
Interest expense	1,757,985	1,139,885
TOTAL EXPENSES	22,771,203	3,313,424
NET (LOSS) / INCOME	(14,253,483)	5,144,490
Preferred Stock Dividends	(652,827)	(652,834)
NET (LOSS) / INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS	$ (14,906,310)	$ 4,491,656
Income (Loss) Per Common Share:
Basic	$ (4.41)	$ 1.41
Diluted	$ (4.41)	$ 1.38
Weighted Average Number of Shares Outstanding:
Basic	3,377,676	3,178,215
Diluted	3,377,676	3,264,805
Cash dividend per Series A Preferred Share:	$ 1.45	$ 1.94
Accumulated dividend accrued per Series A Preferred Share:	$ 0.48

Consolidated Statements of Chan

Consolidated Statements of Changes in Shareholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Total
Beginning balance, value at Dec. 31, 2020	$ 1,916	$ 12,077,054	$ (360,962)	$ 11,718,008
Beginning balance, shares at Dec. 31, 2020	1,916,139
Net Income (Loss)			5,144,490	5,144,490
Cash Dividends on Preferred Stock			(652,834)	(652,834)
Issuance of Common Shares for Cash, net of Stock Issuance Costs	$ 1,383	36,493,483		36,494,866
Issuance of Common Shares for Cash, net of Stock Issuance Costs, shares	1,383,394
Issuance of Common Shares for Option Exercise	$ 45	(3,265,768)		(3,265,723)
Issuance of Common Shares for options exercise,shares	45,128
Stock-Based Compensation	$ 23	382,305		382,328
Stock-Based Compensation,shares	22,900
Ending balance, value at Dec. 31, 2021	$ 3,367	45,687,074	4,130,694	49,821,135
Ending balance, shares at Dec. 31, 2021	3,367,561
Net Income (Loss)			(14,253,483)	(14,253,483)
Cash Dividends on Preferred Stock			(489,620)	(489,620)
Stock-Based Compensation	$ 22	682,237		682,259
Stock-Based Compensation,shares	22,100
Accrued Dividends on Preferred Stock			(163,207)	(163,207)
Ending balance, value at Dec. 31, 2022	$ 3,389	$ 46,369,311	$ (10,775,616)	$ 35,597,084
Ending balance, shares at Dec. 31, 2022	3,389,661

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Operating activities
Net income (loss)	$ (14,253,483)	$ 5,144,490
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Amortization of intangible lease asset	371,804	399,733
Amortization of debt costs	87,430	35,106
Amortization of below market lease	(29,776)	(35,951)
Stock-based compensation	682,259	382,328
Depreciation	1,505,470	867,031
Impairment on asset	16,739,040
Changes in operating assets and liabilities
Accounts receivable	(62,198)
Deferred rent receivable	1,321,311	(491,637)
Deferred rent liability	(861,916)	737,950
Prepaid expenses and deposits	486,616	(403,851)
Other assets	50,000	(33,025)
Accounts payable	1,480,541	(4,191)
Tenant security deposits	(1,150,482)	1,474,725
Accrued interest	76,717	(3,979)
Accrued property tax	396,904
Prepaid rent		(68,170)
Net cash provided by operating activities	6,840,237	8,000,559
Investing activities
Cash paid for land, greenhouse cultivation and processing facilities	(11,826,487)	(30,865,493)
Cash paid for greenhouse cultivation and processing facilities - construction in progress	(9,128,623)	(11,231,797)
Net cash used in investing activities	(20,955,110)	(42,097,290)
Financing Activities
Net proceeds from issuance of common stock for stock option exercise		(3,265,723)
Net proceeds from issuance of common stock for cash		36,494,866
Payment of debt issuance costs	(43,958)	(275,000)
Proceeds from long-term debt	16,000,000
Principal payment on long-term debt	(674,979)	(635,103)
Cash dividends paid on preferred stock	(489,620)	(652,834)
Net cash provided by financing activities	14,791,443	31,666,206
Net increase (decrease) in cash and cash equivalents	676,570	(2,430,525)
Cash and cash equivalents and restricted cash, beginning of period	3,171,301	5,601,826
Cash and cash equivalents and restricted cash, end of period	3,847,871	3,171,301
Supplemental disclosure of cash flow information:
Interest paid	1,581,840	1,108,758
Preferred stock issuance for purchase of greenhouse cultivation and processing facility		4,997,803
Reclass of deferred debt issuance costs to liability upon loan draw	255,165
Preferred stock dividend accrual	$ 163,207

GENERAL INFORMATION

GENERAL INFORMATION	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL INFORMATION	1 – GENERAL INFORMATION Power REIT (the “Registrant” or the “Trust”, and together with its consolidated subsidiaries, “we”, “us”, or “Power REIT”, unless the context requires otherwise) is a Maryland-domiciled, internally-managed real estate investment trust (a “REIT”) that owns a portfolio of real estate assets related to transportation, energy infrastructure and Controlled Environment Agriculture (“CEA”) in the United States. The Trust is structured as a holding company and owns its assets through twenty-five direct and indirect wholly-owned, special purpose subsidiaries that have been formed in order to hold real estate assets, obtain financing and generate lease revenue. As of December 31, 2022, the Trust’s assets consisted of approximately 112 miles of railroad infrastructure and related real estate which is owned by its subsidiary Pittsburgh & West Virginia Railroad (“P&WV”), approximately 601 acres of fee simple land leased to a number of utility scale solar power generating projects with an aggregate generating capacity of approximately 108 Megawatts (“MW”) and approximately 263 acres of land with approximately 2,211,000 During the year ended December 31, 2022, the Trust paid quarterly dividends during the first three quarters of 2022 of approximately $ 490,000 0.484375 7.75 163,000 The Trust has elected to be treated for tax purposes as a REIT, which means that it is exempt from U.S. federal income tax if a sufficient portion of its annual income is distributed to its shareholders, and if certain other requirements are met. In order for the Trust to maintain its REIT qualification, at least 90 24.8

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of Presentation These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”). Cash The Trust considers all highly liquid investments with original maturity of three months or less to be cash equivalents. Power REIT places its cash and cash equivalents with high-credit quality financial institutions; however, amounts are not insured or guaranteed by the FDIC. Amounts included in restricted cash represents funds held by the Trust related to debt service payment reserve required by the Debt Facility. See Note 6 for further discussion of the debt service payment reserve requirement. The following table provides a reconciliation of the Trust’s cash and cash equivalents and restricted cash that sums to the total of those amounts at the end of the periods presented on the Trust’s accompanying Consolidated Statements of Cash Flow: SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS 2022 2021 Year Ended December 31, 2022 2021 Cash and cash equivalents $ 2,847,871 $ 3,171,301 Restricted cash 1,000,000 - Cash and cash equivalents and restricted cash $ 3,847,871 $ 3,171,301 Share Based Compensation Accounting Policy The Trust records all equity-based incentive grants to Officers and non-employee members of the Trust’s Board of Directors in general and administrative expenses in the Trust’s Consolidated Statement of Operations based on their fair value determined on the date of grant. Stock-based compensation expense is recognized on a straight-line basis over the vesting term of the outstanding equity awards. Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates. Impact of New Accounting Standards The Trust has evaluated all recent accounting pronouncements and believes either they are not applicable or that none of them will have a significant effect on the Trust’s financial statements. Principles of Consolidation The accompanying consolidated financial statements include Power REIT and its wholly-owned subsidiaries. All intercompany balances have been eliminated in consolidation. Income (loss) per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed similar to basic net income (loss) per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The dilutive effect of the Trust’s options is computed using the treasury stock method. The following table sets forth the computation of basic and diluted Income per Share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE 2022 2021 Year Ended December 31, 2022 2021 Numerator: Net income (loss) $ (14,253,483 ) $ 5,144,490 Preferred stock dividends (652,827 ) (652,834 ) Numerator for basic and diluted EPS - income (loss) available to common shareholders $ (14,906,310 ) $ 4,491,656 Denominator: Denominator for basic EPS - Weighted average shares 3,377,676 3,178,215 Dilutive effect of options - 86,590 Denominator for diluted EPS - Adjusted weighted average shares 3,377,676 3,264,805 Basic income (loss) per common share $ (4.41 ) $ 1.41 Diluted income (loss) per common share $ (4.41 ) $ 1.38 Assets Held for Sale Assets held for sale are measured at the lower of their carrying amount or estimated fair value less cost to sell. At of December 31, 2022, the Trust has four properties that are considered assets held for sale. See Note 7 for discussion of impairments of our assets held for sale. Real Estate Assets and Depreciation of Investment in Real Estate The Trust expects that most of its transactions will be accounted for as asset acquisitions. In an asset acquisition, the Trust is required to capitalize closing costs and allocates the purchase price on a relative fair value basis. For the years ended December 31, 2022, and 2021, all acquisitions were considered asset acquisitions. In making estimates of relative fair values for purposes of allocating purchase price, the Trust utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property, its own analysis of recently acquired and existing comparable properties in our portfolio and other market data. The Trust also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the relative fair value of the tangible acquired. The Trust allocates the purchase price of acquired real estate to various components as follows: ● Land – Based on actual purchase if acquired as raw land. When property is acquired with improvements, the land price is established based on market comparables and market research to establish a value with the balance allocated to improvements for the land. ● Improvements – When a property is acquired with improvements, the land price is established based on market comparables and market research to establish a value with the balance allocated to improvements for the land. The Trust also evaluates the improvements in terms of replacement cost and condition to confirm that the valuation assigned to improvements is reasonable. Depreciation is calculated on a straight-line method over the useful life of the improvements. ● Lease Intangibles – The Trust recognizes lease intangibles when there’s an existing lease assumed with the property acquisitions. In determining the fair value of in-place leases (the avoided cost associated with existing in-place leases) management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes reimbursable (based on market lease terms) real estate taxes, insurance, other operating expenses, as well as estimates of lost market rental revenue during the expected lease-up periods. The values assigned to in-place leases are amortized over the remaining term of the lease. The fair value of above-or-below market leases is estimated based on the present value (using an interest rate which reflected the risks associated with the leases acquired) of the difference between contractual amounts to be received pursuant to the leases and management’s estimate of market lease rates measured over a period equal to the estimated remaining term of the lease. An above market lease is classified as an intangible asset and a below market lease is classified as an intangible liability. The capitalized above-market or below-market lease intangibles are amortized as a reduction of, or an addition to, rental income over the estimated remaining term of the respective leases. Intangible assets related to leasing costs consist of leasing commissions and legal fees. Leasing commissions are estimated by multiplying the remaining contract rent associated with each lease by a market leasing commission. Legal fees represent legal costs associated with writing, reviewing, and sometimes negotiating various lease terms. Leasing costs are amortized over the remaining useful life of the respective leases. ● Construction in Progress (CIP) - The Trust classifies greenhouses or buildings under development and/or expansion as construction-in-progress until construction has been completed and certificates of occupancy permits have been obtained upon which the asset is then classified as an Improvement. The value of CIP is based on actual costs incurred. Impairment of Long-Lived Assets Real estate investments and related intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the property might not be recoverable, which is referred to as a “triggering event.” A property to be held and used is considered impaired only if management’s estimate of the aggregate future cash flows, less estimated capital expenditures, to be generated by the property, undiscounted and without interest charges, are less than the carrying value of the property. This estimate takes into consideration factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. If there is a triggering event in relation to a property to be held and used, we will estimate the aggregate future cash flows, less estimated capital expenditures, to be generated by the property, undiscounted and without interest charges. In addition, this estimate may consider a probability weighted cash flow estimation approach when alternative courses of action to recover the carrying amount of a long-lived asset are under consideration or when a range of possible values is estimated. The determination of undiscounted cash flows requires significant estimates by management, including the expected course of action at the balance sheet date that would lead to such cash flows. Subsequent changes in estimated undiscounted cash flows arising from changes in the anticipated action to be taken with respect to the property could impact the determination of whether an impairment exists and whether the effects could materially affect our net income. To the extent estimated undiscounted cash flows are less than the carrying value of the property, the loss will be measured as the excess of the carrying amount of the property over the estimated fair value of the property. Assessment of our ability to recover certain lease related costs must be made when we have a reason to believe that the tenant might not be able to perform under the terms of the lease as originally expected. This requires us to make estimates as to the recoverability of such costs. In 2022, we recorded approximately $ 16.7 million in non-cash impairment charges (See Note 7 for discussion on impairments). We did no Depreciation Depreciation is computed using the straight-line method over the estimated useful lives of 20 39 37 1,505,000 867,000 Covid – 19 Impact We are monitoring Covid-19 closely. Our operations have been affected by the COVID-19 outbreak due to manufacturing and supply chain disruptions for materials which also may be experiencing delays related to transportation of such materials which is impacting construction timeframes. The ultimate severity of the outbreak and its impact on the economic environment is uncertain at this time. Revenue Recognition The Railroad Lease is treated as a direct financing lease. As such, income to P&WV under the Railroad Lease is recognized when received. Lease revenue from solar land and CEA properties are accounted for as operating leases. Any such leases with rent escalation provisions are recorded on a straight-line basis when the amount of escalation in lease payments is known at the time Power REIT enters into the lease agreement, or known at the time Power REIT assumes an existing lease agreement as part of an acquisition (e.g., an annual fixed percentage escalation) over the initial lease term, subject to a collectability assessment, with the difference between the contractual rent receipts and the straight-line amounts recorded as “deferred rent receivable” or “deferred rent liability”. Expenses for which tenants are contractually obligated to pay, such as maintenance, property taxes and insurance expenses are not reflected in our consolidated financial statements. Lease revenue from land that is subject to an operating lease without rent escalation provisions is recorded on a straight-line basis. Intangibles A portion of the acquisition price of the assets acquired by PW Tulare Solar, LLC (“PWTS”) have been allocated on the Trust’s consolidated balance sheets between Land and Intangibles’ fair values at the date of acquisition. The total amount of in-place lease intangible assets established was approximately $ 237,000 24.6 10,000 A portion of the acquisition price of the assets acquired by PW Regulus Solar, LLC (“PWRS”) have been allocated on The Trust’s consolidated balance sheets between Land and Intangibles’ fair values at the date of acquisition. The total amount of in-place lease intangible assets established was approximately $ 4,714,000 20.7 227,000 A portion of the acquisition price of the assets acquired by PW CA Canndescent, LLC (“PW Canndescent”) have been allocated on The Trust’s consolidated balance sheets between Land, Improvements and Intangibles’ fair values at the date of acquisition. The amount of in-place lease intangible assets established was approximately $ 808,000 4.5 135,000 163,000 179,000 4.5 30,000 36,000 Intangible assets are evaluated whenever events or circumstances indicate the carrying value of these assets may not be recoverable. As of December 31, 2022, PW Candescent is considered held for sale and the lease intangible asset and liability associated with this property have been written down to $ 0 398,000 The following table provides a summary of the Intangible Assets and Liabilities: For the Years Ended December 31, 2022 and 2021 SCHEDULE OF INTANGIBLE ASSETS Accumulated Amortization / Addition to Revenue Through Accumulated Amortization / Addition to Revenue Accumulated Amortization / Addition to Revenue Impairment on Intangible Net Book Cost 12/31/20 2021 2022 2022 Value Asset Intangibles - PWTS $ 237,471 $ 72,043 $ 9,652 $ 9,654 $ - $ 146,122 Asset Intangibles - PWRS $ 4,713,548 $ 1,526,663 $ 227,488 $ 227,488 $ - $ 2,731,909 Asset Intangibles - Canndescent $ 807,976 $ - $ 162,593 $ 134,662 $ 510,721 $ - Asset Intangibles Total $ 5,758,995 $ 1,598,706 $ 399,733 $ 371,804 $ 510,721 $ 2,878,031 Liability Intangible - Canndescent $ (178,651 ) $ - $ (35,951 ) $ (29,776 ) $ (112,924 ) $ - The following table provides a summary of the current estimate of future amortization of Intangible Assets: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS 2023 $ 227,488 2024 $ 227,488 2025 $ 227,488 2026 $ 227,488 2027 $ 227,488 Thereafter 1,594,469 Total $ 2,731,909 Net Investment in Direct Financing Lease – Railroad P&WV’s net investment in its leased railroad property, recognizing the lessee’s perpetual renewal options, was estimated to have a current value of $ 9,150,000 10 Fair Value Fair value represents the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Trust measures its financial assets and liabilities in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. ○ Level 1 – valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities or funds. ○ Level 2 – valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 includes U.S. Treasury, U.S. government and agency debt securities, and certain corporate obligations. Valuations are usually obtained from third party pricing services for identical or comparable assets or liabilities. ○ Level 3 – valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. In determining fair value, the Trust utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considering counterparty credit risk. The carrying amounts of Power REIT’s financial instruments, including cash and cash equivalents, prepaid expenses, and accounts payable approximate fair value because of their relatively short-term maturities. The carrying value of long-term debt approximates fair value since the related rates of interest approximate current market rates. There are no financial assets and liabilities carried at fair value on a recurring basis as of December 31, 2022 and 2021.

CONCENTRATIONS

CONCENTRATIONS	12 Months Ended
	Dec. 31, 2022
Risks and Uncertainties [Abstract]
CONCENTRATIONS	3 – CONCENTRATIONS Historically, the Trust’s revenue has been concentrated to a relatively limited number of investments, industries and lessees. As the Trust grows, its portfolio may remain concentrated in a limited number of investments. For the fiscal year ended 2022, Power REIT collected approximately 57 22 10 11 14 48 15 12 11 10

ACQUISITIONS

ACQUISITIONS	12 Months Ended
	Dec. 31, 2022
Business Combination and Asset Acquisition [Abstract]
ACQUISITIONS	4 – ACQUISITIONS 2021 Acquisitions On January 4, 2021, through a newly formed wholly owned indirect subsidiary, PW CO CanRE Grail, LLC, (“PW Grail”), acquired two properties totaling 4.41 150,000 21,732 1.69 518,000 6,256 2.4 71,000 2.1 On January 14, 2021, through a newly formed wholly owned indirect subsidiary, PW CO CanRE Apotheke, LLC, (“PW Apotheke”), we acquired a property totaling 4.31 150,000 21,548 1.66 364,650 2.2 1.9 On February 3, 2021, through a newly formed wholly owned indirect subsidiary, PW CA CanRE Canndescent LLC (“PW Canndescent”), we acquired a property located in Riverside County, CA (the “Canndescent Property”) and the Trust assumed an existing lease. The purchase price was $ 7.685 99,789 .85 37,000 2.685 192,308 37,000 The following table summarized the allocation of the purchase consideration for the Canndescent Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 181,192 Assets Subject to Depreciation / Amortization Improvements (Greenhouses / Processing Facilities) 6,887,868 Site Improvements 86,402 Lease Intangible Assets 807,976 Lease Intangible Liability (178,651 ) Total Assets Acquired $ 7,784,787 On March 12, 2021, through a newly formed wholly owned indirect subsidiary, PW CO CanRE Gas Station, LLC, (“PW Gas Station”), we purchased a property totaling 2.2 85,000 24,512 2.03 2.1 2.0 On April 20, 2021, through a newly formed wholly owned indirect subsidiary, PW CO CanRE Cloud Nine, LLC, (“PW Cloud Nine”), we purchased two properties totaling 4.0 300,000 38,440 2.65 2.95 1.6 On May 21, 2021, through a newly formed wholly owned indirect subsidiary, PW CO CanRE Walsenburg, LLC, (“PW Walsenburg”), we purchased a 35 2.3 1.6 102,800 625,000 4.5 2.5 The following table summarizes the allocation of the purchase consideration for the Walsenburg Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 525,000 Improvements (Greenhouses / Processing Facilities) 1,822,636 Total Assets Acquired $ 2,347,636 On June 11, 2021, through a newly formed wholly owned subsidiary, PW CO CanRE Vinita, LLC, (“PW Vinita”), we purchased a 9.35 40,000 3,000 100,000 2.1 550,000 2.65 493,000 The following table summarizes the allocation of the purchase consideration for the Vinita Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 50,000 Improvements (Greenhouses / Processing Facilities) 2,094,328 Total Assets Acquired $ 2,144,328 On June 18, 2021, through a newly formed wholly owned indirect subsidiary, PW CO CanRE JKL, LLC, (“PW JKL”), we purchased a property totaling 10 400,000 12,000 12,880 2.5 2.9 1.4 no On September 3, 2021, Power REIT, through a newly formed wholly owned indirect subsidiary, PW MI CanRE Marengo, LLC, (“PW Marengo”), completed the acquisition of a 556,146 61.14 18.392 2.98 4.1 25.6 million 5.8 The following table summarized the allocation of the purchase consideration for the PW Marengo Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 244,000 Construction in Progress 18,345,033 Acquisition Costs Capitalized $ 18,589,033 The acquisitions described above are accounted for as asset acquisitions under ASC 805-50. Power REIT has established a depreciable life for the greenhouses of 20 39 37 2022 Acquisitions On March 31, 2022, Power REIT completed its first acquisition with the focus of cultivation of food crops, through a newly formed wholly owned indirect subsidiary, PW MillPro NE LLC, (“PW MillPro”), and acquired a 1,121,513 86 4.88 9,350,000 91,000 534,430 0 The following table summarizes the preliminary allocation of the purchase consideration for the PW MillPro properties based on the relative fair values of the assets when acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Greenhouse Housing Facility Land $ 344,000 $ 19,520 Assets subject to depreciation: Improvements (Greenhouses / Processing Facilities) 8,794,445 283,399 Total Assets Acquired $ 9,138,445 $ 302,919

DIRECT FINANCING LEASES AND OPE

DIRECT FINANCING LEASES AND OPERATING LEASES	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
DIRECT FINANCING LEASES AND OPERATING LEASES	5– DIRECT FINANCING LEASES AND OPERATING LEASES Information as Lessor Under ASC Topic 842 To generate positive cash flow, as a lessor, the Trust leases its facilities to tenants in exchange for payments. The Trust’s leases for its railroad, solar farms and greenhouse cultivation facilities have lease terms ranging between 5 99 8,518,000 8,450,000 Direct Financing Leases The Railroad Lease provides for a base cash rental of $ 915,000 99 99 99 The Railroad Lease may be terminated by the lessee at the expiration of the initial term or any renewal term, or by default of NSC. In the event of termination, NSC is obligated to return to P&WV all properties covered by the Railroad Lease, together with sufficient cash and other assets to permit operation of the railroad for a period of one year. In addition, NSC would be obligated upon default or termination, to the extent NSC has not previously paid indebtedness due to P&WV, to settle remaining indebtedness owed to P&WV. The existing indebtedness owed to P&WV, including the ability of P&WV to make an immediate demand for payment of such amounts, was part of the subject of a multi-year litigation which concluded in 2017. Based on the outcome of the litigation, the indebtedness that has accrued on Power REIT’s tax books is deemed uncollectable and was written off for tax purposes in 2017. The amount of this indebtedness has not been reflected on P&WV’s financial statements which are consolidated into Power REIT’s financial statements and therefore for financial reporting purposes there was no change related thereto. P&WV has determined that the lease term is perpetual (for GAAP accounting purposes only) because it is perceived that it would be un-economic for the lessee to terminate and the Lessee has control over its actions with respect to default and has unlimited renewal options. Accordingly, as of January 1, 1983, the rentals receivable of $915,000 per annum, recognizing renewal options by the lessee in perpetuity, were estimated to have a present value of $9,150,000, assuming an implicit interest rate of 10%. The Trust has evaluated their long-lived assets for impairment and concluded there are no impairment indicators as of December 31, 2022. Operating Leases Lease revenue from solar land and CEA properties are accounted for as operating leases. Any such leases with rent escalation provisions are recorded on a straight-line basis when the amount of escalation in lease payments is known at the time Power REIT enters into the lease agreement, or known at the time Power REIT assumes an existing lease agreement as part of an acquisition (e.g., an annual fixed percentage escalation) over the initial lease term, subject to a collectability assessment, with the difference between the contractual rent receipts and the straight-line amounts recorded as “deferred rent receivable” or “deferred rent liability”. Collectability of contractual rent is assessed at quarter-end for each tenant receivable using various criteria including past collection issues, the current economic and business environment affecting the tenant and guarantees. If collectability of the contractual rent stream is not deemed probable, revenue will only be recognized upon receipt of cash from the tenant. During the year ended December 31, 2022, the trust incurred rental income of approximately $ 1,177,000 320,000 Due to significant price compression in the wholesale cannabis market, many of our cannabis related tenants are currently experiencing severe financial distress. The Trust has offered certain of its cannabis tenants’ relief by amending leases to several of its tenants whereby monthly cash payments are restructured over the course of the lease to lower rent payments during 2022 and increase rent payments in the future. These amendments were structured to not affect the total amount of rent from these leases. Unfortunately, during the fourth quarter of 2022, collections from the CEA portfolio has diminished to a nominal amount. The Trust is exploring strategic alternatives in respect to the CEA portfolio and has listed some of the assets for sale and may list additional assets. Below is a chart of operating leases for Power REIT as of December 31, 2022: SCHEDULE OF OPERATING LEASE INCOME Property Type/Name Size 1 Lease Start Term (yrs) Renewal Options Triple Net Lease Annual Straight-Line Rent ($) Rent Recorded 2022 ($) Rent Recorded 2021 ($) Solar Farm Lease PWSS 5.7 Dec-11 22 2 x 5-years Y 89,494 89,494 89,494 PWTS 4.0 Mar-13 25 2 x 5-years Y 32,500 32,500 32,500 PWTS 4.0 Mar-13 25 2 x 5-years Y 37,500 37,500 37,500 PWTS 4.0 Mar-13 25 2 x 5-years Y 16,800 16,800 16,800 PWTS 4.0 Mar-13 25 2 x 5-years Y 29,900 29,900 29,900 PWTS 4.0 Mar-13 25 2 x 5-years Y 40,800 40,800 40,800 PWRS 82.0 Apr-14 20 2 x 5-years Y 803,117 803,117 803,117 CEA Property Lease Jackson Farms - Tam 18 2,4,6 12,996 Jul-19 20 2 x 5-years Y 469,948 201,810 JAB - Mav 1 3,4,6 16,416 Jul-19 20 2 x 5-years Y 686,837 294,046 Mav 14 2,4,6 26,940 Feb-20 20 2 x 5-years Y 639,816 354,461 Green Street (Chronic) - Sherman 6 3,4,6 26,416 Feb-20 20 2 x 5-years Y 523,015 375,159 Jackson Farms - Mav 5 2,4,6 15,000 Nov-21 20 2 x 5-years Y 14,847 340,734 Sweet Dirt 48,238 May-20 20 2 x 5-years Y 1,947,084 1,839,873 1,292,904 Fifth Ace - Tam 7 3,4,6 18,000 Sep-20 20 2 x 5-years Y 411,084 261,963 Tam 14 2,4 24,360 Oct-20 20 2 x 20-years Y - 113,504 Tam 19 2,4 18,528 Dec-20 20 2 x 5-years Y 182,464 252,061 Apotheke - Tam 8 3,4 21,548 Jan-21 20 2 x 5-years Y 88,191 325,407 California 2,4,6 37,000 Feb-21 5 Y 916,272 1,019,826 PW Gas Station 3,4,6 24,512 Mar-21 20 2 x 5-years Y 300,305 311,631 PW Cloud Nine 2,4,5 38,440 Apr-21 20 2 x 5-years Y - 83,275 Walsenburg Cannabis (Greenhouse) 2,4,6 102,800 May-21 20 2 x 5-years Y 242,779 444,614 Walsenburg Cannabis (MIP) 3,4 Jan-22 10 2 x 5-years Y 17,511 - Oklahoma 2,4,6 40,000 Jun-21 20 2 x 5-years Y 125,695 277,512 Sherman 21 and 22 2,4,5,6 24,880 Jun-21 20 2 x 5-years Y (99,209 ) 291,209 Michigan 2,4 556,146 Sep-21 20 2 x 5-years Y - - Tam 4 and 5 2,4 27,988 Jan-22 20 2 x 5-years Y - 245,136 Nebraska 2,4,6 1,121,153 Apr-22 10 4 x 5-years Y 193,000 - Elevate & Bloom - Tam 13 3,4 9,384 May-22 20 2 x 5-years Y - - 2,997,195 7,602,539 7,535,363 1 1 Solar Farm Land size represents Megawatts and CEA property size represents greenhouse square feet 2 Property is vacant 3 Tenant is not current on rent/in default 4 Rent is being recognized on a cash basis 5 In litigation 6 Recognized security deposit as rent during 2022 The following is a schedule by years of minimum future rentals on non-cancelable operating leases as of December 31, 2022 for assets and assets held for sale where revenue recognition is considered on a straight-line basis: SCHEDULE OF MINIMUM FUTURE RENTALS ON NON-CANCELABLE OPERATION LEASES Assets Assets Held for Sale 2023 $ 885,506 $ 4,468,319 2024 894,312 2,605,747 2025 903,077 2,314,985 2026 912,192 1,584,134 2027 921,265 1,626,933 Thereafter 6,545,296 23,947,422 Total $ 11,061,648 $ 36,547,540

LONG-TERM DEBT

LONG-TERM DEBT	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
LONG-TERM DEBT	6 – LONG-TERM DEBT On December 31, 2012, as part of the Salisbury land acquisition, PW Salisbury Solar, LLC (“PWSS”) assumed existing municipal financing (“Municipal Debt”). The Municipal Debt has approximately 10 5.0% February 1 of each year 58,000 64,000 In July 2013, PWSS borrowed $ 750,000 5.0% 10 490,000 1,400 521,000 4,100 On November 6, 2015, PW Regulus Solar, LLC (“PWRS”) entered into a loan agreement (the “2015 PWRS Loan Agreement”) with a certain lender for $ 10,150,000 October 14, 2034 4.34% 7,393,000 258,000 7,803,000 280,000 On November 25, 2019, Power REIT, through a newly formed subsidiary, PW PWV Holdings LLC (“PW PWV”), entered into a loan agreement (the “PW PWV Loan Agreement”) with a certain lender for $ 15,500,000 15,500,000 4.62% 2054 (35 years) 14,615,000 285,000 14,809,000 293,000 On December 21, 2021, Power REIT entered into a Debt Facility with initial availability of $ 20 The facility is non-recourse to Power REIT and is structured without initial collateral but has springing liens to provide security against a significant number of Power REIT CEA portfolio properties in the event of default. The Debt Facility had a 12 month draw period and then converts to a term loan that is fully amortizing over five years 5.52% 2.00 1.00 5 10 6 1 As of December 31, 2022, $ 16,000,000 has been drawn against this Debt Facility and is outstanding compared to $ 0 outstanding at December 31, 2021. Debt issuance expenses of approximately $ 44,000 and $ 275,000 have been capitalized during the year ended December 31, 2022 and 2021, respectively. Amortization expense of approximately $ 53,000 and $ 0 has been recognized during the year ended December 31, 2022 and 2021, respectively and approximately $ 255,165 deferred debt issuance costs were re-classed as contra liability upon the loan draw during the year ended December 31, 2022. The amount of principal payments remaining on Power REIT’s long-term debt as of December 31, 2022 including the modified repayment schedule for the Debt Facility is as follows: SCHEDULE OF LONG TERM DEBT Total Debt 2023 1,168,819 2024 715,777 2025 16,755,634 2026 797,628 2027 841,452 Thereafter 18,820,794 Long term debt $ 39,100,104

IMPAIRMENTS AND ASSETS HELD FOR

IMPAIRMENTS AND ASSETS HELD FOR SALE	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
IMPAIRMENTS AND ASSETS HELD FOR SALE	7 – IMPAIRMENTS AND ASSETS HELD FOR SALE During the fourth quarter of 2022, the Trust concluded that an impairment of value of certain assets within its greenhouse portfolio was appropriate based on market conditions. The impairment also takes into account assets held for sale, and the write off of any associated lease intangible. In 2022, we recorded approximately $ 16.7 A summary of the Trust’s impairment expense for the year ended December 31, 2022 is below: SUMMARY OF TRUSTS IMPAIRMENT EXPENSES Impairment Expense Assets Held for Sale $ 5,885,382 Long-Lived Assets 10,485,861 Lease Intangible (net) 397,797 Impairment Expense $ 16,739,040 The Trust has aggregated and classified the assets and liabilities of this business as held for sale in our Consolidated Balance Sheets as of December 31, 2022. The prior period comparative balance sheet as of December 31, 2021 is recast to achieve comparability. The assets and liabilities of assets held for sale were as follows: SCHEDULE OF ASSETS AND LIABILITIES OF ASSETS HELD FOR SALE December 31, 2022 December 31, 2021 ASSETS Land $ 2,487,677 $ 2,598,117 Greenhouse cultivation and processing facilities, net of accumulated depreciation 12,542,351 13,079,715 Greenhouse cultivation and processing facilities – construction in progress - 2,168,728 Intangible lease asset, net of accumulated amortization 146,121 801,159 Deferred rent receivable 327,923 788,011 TOTAL ASSETS - Held for sale $ 15,504,072 $ 19,435,730 LIABILITIES Accounts payable 143,827 61,198 Tenant security deposits 537,000 772,000 Prepaid rent 37,161 37,161 Intangible lease liability, net of accumulated amortization - 142,700 TOTAL LIABILITIES – Held for sale $ 717,988 $ 1,013,059

EQUITY AND LONG-TERM COMPENSATI

EQUITY AND LONG-TERM COMPENSATION	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
EQUITY AND LONG-TERM COMPENSATION	8 – EQUITY AND LONG-TERM COMPENSATION Increase in Authorized Preferred Stock On January 7, 2021, the Trust filed Articles Supplementary with the State of Maryland to classify an additional 1,500,000 0.001 1,675,000 192,308 5,000,008 2,205 Stock Issued for Cash During the twelve months ended December 31, 2021, the Trust raised gross proceeds of approximately $ 36.7 1,383,394 165,075 100% 132,074 116,617 15,458 155,000 136,344 18,656 123,020 108,610 14,410 68,679 Summary of Stock Based Compensation Activity Power REIT’s 2020 Equity Incentive Plan, which superseded the 2012 Equity Incentive Plan, was adopted by the Board on May 27, 2020 and approved by shareholders on June 24, 2020. It provides for the grant of the following awards: (i) Incentive Stock Options; (ii) Nonstatutory Stock Options; (iii) SARs; (iv) Restricted Stock Awards; (v) RSU Awards; (vi) Performance Awards; and (vii) Other Awards. The Plan’s purpose is to secure and retain the services of Employees, Directors and Consultants, to provide incentives for such persons to exert maximum efforts for the success of the Trust and to provide a means by which such persons may be given an opportunity to benefit from increases in value of the common Stock through the granting of awards. As of December 31, 2022, the aggregate number of shares of Common Stock that may be issued pursuant to outstanding awards is currently 150,917 Summary of Stock Based Compensation Activity – Options On July 15, 2022, the Trust granted non-qualified stock options (“options”) to acquire an aggregate 205,000 shares of common stock at a price of $ 13.44 The Trust accounts for share-based payments using the fair value method. The Trust recognizes all share-based payments in our financial statements based on their grant date fair values and market closing price, calculated using the Black-Scholes option valuation model. The following assumptions were made to estimate fair value: SCHEDULE OF STOCK BASED COMPENSATION VALUATION ASSUMPTIONS OF ACTIVITY OPTIONS Expected Volatility 63 % Expected Dividend Yield 0 % Expected Term (in years) 5.8 Risk Free Rate 3.05 % Estimate of Forfeiture Rate 0 % The Trust uses historical data to estimate dividend yield and volatility and the “simplified method” as described in the SEC Staff Accounting Bulletin #110 to determine the expected term of the option grants. The risk-free interest rate for the expected term of the options is based on the U.S. treasury yield curve on the grant date. The Trust does not have historical data of forfeiture, and as a policy, has used a 0 percent forfeiture rate in calculating unrecognized share-based compensation expense and will instead, account for forfeitures as they occur. The summary of stock-based compensation activity for the year ended December 31, 2022, with respect to the Trust’s stock options, is as follows: Summary of Activity - Options SCHEDULE OF SHARE BASED COMPENSATION STOCK OPTIONS ACTIVITY Weighted Number of Average Aggregate Options Exercise Price Intrinsic Value Balance as of December 31, 2021 - - - Plan Awards 205,000 $ 13.44 - Options Exercised - - - Balance as of December 31, 2022 205,000 13.44 - Options expected to vest December 31, 2022 56,944 13.44 - Options exercisable as of December 31, 2022 56,944 $ 13.44 - The weighted average remaining term of the options is 9.54 The summary of Plan activity for the year ended December 31, 2021, with respect to the Trust’s stock options, was as follows: Weighted Number of Average Aggregate Options Exercise Price Intrinsic Value Balance as of December 31, 2020 106,000 7.96 - Plan Awards - - - Options Exercised (106,000 ) 7.96 - Balance as of December 31, 2021 - - - Options vested at December 31, 2021 - - - On December 31, 2021, 45,128 106,000 7.96 60,872 3,265,723 67.51 Summary of Stock Based Compensation Activity – Restricted Stock On July 15, 2022, the Trust granted 22,400 20,000 600 36 The summary of stock-based compensation activity for the year ended December 31, 2022, with respect to the Trust’s restricted stock, was as follows: SCHEDULE OF SHARE BASED COMPENSATION RESTRICTED STOCK UNITS AWARD ACTIVITY Summary of Activity - Restricted Stock Number of Weighted Shares of Average Restricted Grant Date Stock Fair Value Balance as of December 31, 2021 31,260 24.83 Plan Awards 22,400 13.44 Restricted Stock Forfeited (300 ) - Restricted Stock Vested (25,178 ) 18.13 Balance as of December 31, 2022 28,182 21.64 During the year ended December 31, 2022, 300 The summary of stock-based compensation activity for the year ended December 31, 2021, with respect to the Trust’s restricted stock, was as follows: Summary of Activity - Restricted Stock Number of Weighted Shares of Average Restricted Grant Date Stock Fair Value Balance as of December 31, 2020 35,066 8.76 Plan Awards 22,900 37.18 Restricted Stock Vested (26,706 ) 14.32 Balance as of December 31, 2021 31,260 24.83 Stock-based Compensation During 2022, the Trust recorded approximately $ 456,000 226,000 382,000 0 610,000 1,400,000

INCOME TAXES

INCOME TAXES	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
INCOME TAXES	9 - INCOME TAXES The Trust is organized as a Maryland-domiciled real estate investment trust and has elected to be treated under the Internal Revenue Code as a real estate investment trust. As such, the Trust does not pay Federal taxes on taxable income and capital gains to the extent that they are distributed to shareholders. In order to maintain qualified status, at least 90% 24.8 Under the Railroad Lease, NSC reimburses P&WV, in the form of additional cash rent, for all taxes and governmental charges imposed upon the assets leased by NSC from P&WV, except for taxes relating to cash rent payments made by the lessee. Due to the treatment of the Railroad Lease as a direct financing lease for financial reporting purposes, the tax basis of the leased property is higher than the basis of the leased property as reported in these consolidated financial statements. The Trust has implemented the accounting guidance for uncertainty in income taxes using the provisions of FASB ASC 740, Income Taxes The Trust is generally no longer subject to examination by income taxing authorities for years ended prior to December 31, 2019.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2022
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	10 - RELATED PARTY TRANSACTIONS A wholly-owned subsidiary of Hudson Bay Partners, LP (“HBP”), an entity associated with our CEO and Chairman of the Trust, David Lesser, provides the Trust and its subsidiaries with office space at no cost. Effective September 2016, the Board of Trustees approved reimbursing an affiliate of HBP $ 1,000 4,000 8,000 60,000 Power REIT has a relationship with Millennium Sustainable Ventures Corp., formerly Millennium Investment and Acquisition Company Inc. (“MILC’). David H. Lesser, Power REIT’s Chairman and CEO, is also Chairman and CEO of MILC. MILC, through subsidiaries or affiliates, established cannabis and food crop cultivation projects and entered into leases related to the Trust’s Oklahoma, Michigan and Nebraska properties and MILC is a lender to the tenant of one of the Trust’s Colorado properties. Total rental income recognized for the years ended December 31, 2022 and 2021 from the tenants that are affiliated with MILC in Colorado, Oklahoma, Michigan and Nebraska was $ 260,296 125,695 0 193,000 444,614 277,512 0 0 Effective March 1, 2022, the Sweet Dirt Lease was amended (the “Sweet Dirt Lease Second Amendment”) to provide funding in the amount of $ 3,508,000 2,205,000 1,102,500 Under the Trust’s Declaration of Trust, the Trust may enter into transactions in which trustees, officers or employees have a financial interest; provided however, that in the case of a material financial interest, the transaction shall be disclosed to the Board of Trustees or the transaction shall be fair and reasonable. After consideration of the conditions and terms of the payment to an affiliate of HBP for accounting and administrative support, the independent trustees approved the agreement with the affiliate of HBP described above, finding the aforementioned arrangements to be fair and reasonable and in the interest of the Trust.

CONTINGENCY

CONTINGENCY	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
CONTINGENCY	11 - CONTINGENCY The Trust’s wholly-owned subsidiary, P&WV, is subject to various restrictions imposed by the Railroad Lease with NSC, including restrictions on share and debt issuance, including guarantees.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	12 - SUBSEQUENT EVENTS On January 6, 2023, a wholly owned subsidiary of Power REIT, sold its interest in five ground leases related to utility scale solar farms located in Tulare County, California for gross proceeds of $ 2,500,000 1,550,000 On March 13, 2023 a wholly owned subsidiary of Power REIT which is the borrower on the Debt Facility, entered into a modification of the terms which is summarized as follows: - The total commitment is reduced from $ 20 16 - The interest rate is changed to the greater of: (i) 1% above the Prime rate and (ii) 8.75%. - Monthly payments on the Debt Facility will be interest only until maturity. - A portion of the proceeds from the sale of assets within the Borrowing Base for the Debt Facility will be required to pay the outstanding loan amount. - The maturity date of the Debt Facility is changed to December 21, 2025 - The Debt Service Coverage ratio will be 1.50 1.00 - The definition of assets included in the Borrowing Base for the Debt Facility no longer eliminates assets where tenants are in default for failure to make timely rent payments. - An agreed upon minimum liquidity amount shall be maintained in the amount of $ 1 - A $160,000 fee will be charged by the bank for the modification. On January 23, 2023, the Sweet Dirt lease was amended to restructure the timing of rent payments but maintain the same overall yield and eliminate the funding of remaining capital improvements for a cogeneration project, which includes payments that were expected to be paid to Intelligen Power Systems, LLC, a related party. On January 27, 2023, PW SD and Sweet Dirt entered into a Purchase and Sale Agreement to sell the property leased to Sweet Dirt for total consideration of $ 7,037,000 which has not closed as of March 31, 2023 which was the deadline. On March 31, 2023, the Sweet Dirt lease was amended to restructure the timing of rent payments but maintain the same overall yield. On March 31, 2023, the Purchase and Sale Agreement was amended to allow for a 60-day extension for closing and the purchaser provided a $ 300,000

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
Basis of Presentation	Basis of Presentation These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”).
Cash	Cash The Trust considers all highly liquid investments with original maturity of three months or less to be cash equivalents. Power REIT places its cash and cash equivalents with high-credit quality financial institutions; however, amounts are not insured or guaranteed by the FDIC. Amounts included in restricted cash represents funds held by the Trust related to debt service payment reserve required by the Debt Facility. See Note 6 for further discussion of the debt service payment reserve requirement. The following table provides a reconciliation of the Trust’s cash and cash equivalents and restricted cash that sums to the total of those amounts at the end of the periods presented on the Trust’s accompanying Consolidated Statements of Cash Flow: SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS 2022 2021 Year Ended December 31, 2022 2021 Cash and cash equivalents $ 2,847,871 $ 3,171,301 Restricted cash 1,000,000 - Cash and cash equivalents and restricted cash $ 3,847,871 $ 3,171,301
Share Based Compensation Accounting Policy	Share Based Compensation Accounting Policy The Trust records all equity-based incentive grants to Officers and non-employee members of the Trust’s Board of Directors in general and administrative expenses in the Trust’s Consolidated Statement of Operations based on their fair value determined on the date of grant. Stock-based compensation expense is recognized on a straight-line basis over the vesting term of the outstanding equity awards.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.
Impact of New Accounting Standards	Impact of New Accounting Standards The Trust has evaluated all recent accounting pronouncements and believes either they are not applicable or that none of them will have a significant effect on the Trust’s financial statements.
Principles of Consolidation	Principles of Consolidation The accompanying consolidated financial statements include Power REIT and its wholly-owned subsidiaries. All intercompany balances have been eliminated in consolidation.
Income (loss) per Common Share	Income (loss) per Common Share Basic net income (loss) per common share is computed by dividing net income (loss) available to common stockholders by the weighted average number of common shares outstanding. Diluted net income (loss) per common share is computed similar to basic net income (loss) per common share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. The dilutive effect of the Trust’s options is computed using the treasury stock method. The following table sets forth the computation of basic and diluted Income per Share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE 2022 2021 Year Ended December 31, 2022 2021 Numerator: Net income (loss) $ (14,253,483 ) $ 5,144,490 Preferred stock dividends (652,827 ) (652,834 ) Numerator for basic and diluted EPS - income (loss) available to common shareholders $ (14,906,310 ) $ 4,491,656 Denominator: Denominator for basic EPS - Weighted average shares 3,377,676 3,178,215 Dilutive effect of options - 86,590 Denominator for diluted EPS - Adjusted weighted average shares 3,377,676 3,264,805 Basic income (loss) per common share $ (4.41 ) $ 1.41 Diluted income (loss) per common share $ (4.41 ) $ 1.38
Assets Held for Sale	Assets Held for Sale Assets held for sale are measured at the lower of their carrying amount or estimated fair value less cost to sell. At of December 31, 2022, the Trust has four properties that are considered assets held for sale. See Note 7 for discussion of impairments of our assets held for sale.
Real Estate Assets and Depreciation of Investment in Real Estate	Real Estate Assets and Depreciation of Investment in Real Estate The Trust expects that most of its transactions will be accounted for as asset acquisitions. In an asset acquisition, the Trust is required to capitalize closing costs and allocates the purchase price on a relative fair value basis. For the years ended December 31, 2022, and 2021, all acquisitions were considered asset acquisitions. In making estimates of relative fair values for purposes of allocating purchase price, the Trust utilizes a number of sources, including independent appraisals that may be obtained in connection with the acquisition or financing of the respective property, its own analysis of recently acquired and existing comparable properties in our portfolio and other market data. The Trust also considers information obtained about each property as a result of its pre-acquisition due diligence, marketing and leasing activities in estimating the relative fair value of the tangible acquired. The Trust allocates the purchase price of acquired real estate to various components as follows: ● Land – Based on actual purchase if acquired as raw land. When property is acquired with improvements, the land price is established based on market comparables and market research to establish a value with the balance allocated to improvements for the land. ● Improvements – When a property is acquired with improvements, the land price is established based on market comparables and market research to establish a value with the balance allocated to improvements for the land. The Trust also evaluates the improvements in terms of replacement cost and condition to confirm that the valuation assigned to improvements is reasonable. Depreciation is calculated on a straight-line method over the useful life of the improvements. ● Lease Intangibles – The Trust recognizes lease intangibles when there’s an existing lease assumed with the property acquisitions. In determining the fair value of in-place leases (the avoided cost associated with existing in-place leases) management considers current market conditions and costs to execute similar leases in arriving at an estimate of the carrying costs during the expected lease-up period from vacant to existing occupancy. In estimating carrying costs, management includes reimbursable (based on market lease terms) real estate taxes, insurance, other operating expenses, as well as estimates of lost market rental revenue during the expected lease-up periods. The values assigned to in-place leases are amortized over the remaining term of the lease. The fair value of above-or-below market leases is estimated based on the present value (using an interest rate which reflected the risks associated with the leases acquired) of the difference between contractual amounts to be received pursuant to the leases and management’s estimate of market lease rates measured over a period equal to the estimated remaining term of the lease. An above market lease is classified as an intangible asset and a below market lease is classified as an intangible liability. The capitalized above-market or below-market lease intangibles are amortized as a reduction of, or an addition to, rental income over the estimated remaining term of the respective leases. Intangible assets related to leasing costs consist of leasing commissions and legal fees. Leasing commissions are estimated by multiplying the remaining contract rent associated with each lease by a market leasing commission. Legal fees represent legal costs associated with writing, reviewing, and sometimes negotiating various lease terms. Leasing costs are amortized over the remaining useful life of the respective leases. ● Construction in Progress (CIP) - The Trust classifies greenhouses or buildings under development and/or expansion as construction-in-progress until construction has been completed and certificates of occupancy permits have been obtained upon which the asset is then classified as an Improvement. The value of CIP is based on actual costs incurred.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets Real estate investments and related intangible assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of the property might not be recoverable, which is referred to as a “triggering event.” A property to be held and used is considered impaired only if management’s estimate of the aggregate future cash flows, less estimated capital expenditures, to be generated by the property, undiscounted and without interest charges, are less than the carrying value of the property. This estimate takes into consideration factors such as expected future operating income, trends and prospects, as well as the effects of demand, competition and other factors. If there is a triggering event in relation to a property to be held and used, we will estimate the aggregate future cash flows, less estimated capital expenditures, to be generated by the property, undiscounted and without interest charges. In addition, this estimate may consider a probability weighted cash flow estimation approach when alternative courses of action to recover the carrying amount of a long-lived asset are under consideration or when a range of possible values is estimated. The determination of undiscounted cash flows requires significant estimates by management, including the expected course of action at the balance sheet date that would lead to such cash flows. Subsequent changes in estimated undiscounted cash flows arising from changes in the anticipated action to be taken with respect to the property could impact the determination of whether an impairment exists and whether the effects could materially affect our net income. To the extent estimated undiscounted cash flows are less than the carrying value of the property, the loss will be measured as the excess of the carrying amount of the property over the estimated fair value of the property. Assessment of our ability to recover certain lease related costs must be made when we have a reason to believe that the tenant might not be able to perform under the terms of the lease as originally expected. This requires us to make estimates as to the recoverability of such costs. In 2022, we recorded approximately $ 16.7 million in non-cash impairment charges (See Note 7 for discussion on impairments). We did no
Depreciation	Depreciation Depreciation is computed using the straight-line method over the estimated useful lives of 20 39 37 1,505,000 867,000
Covid – 19 Impact	Covid – 19 Impact We are monitoring Covid-19 closely. Our operations have been affected by the COVID-19 outbreak due to manufacturing and supply chain disruptions for materials which also may be experiencing delays related to transportation of such materials which is impacting construction timeframes. The ultimate severity of the outbreak and its impact on the economic environment is uncertain at this time.
Revenue Recognition	Revenue Recognition The Railroad Lease is treated as a direct financing lease. As such, income to P&WV under the Railroad Lease is recognized when received. Lease revenue from solar land and CEA properties are accounted for as operating leases. Any such leases with rent escalation provisions are recorded on a straight-line basis when the amount of escalation in lease payments is known at the time Power REIT enters into the lease agreement, or known at the time Power REIT assumes an existing lease agreement as part of an acquisition (e.g., an annual fixed percentage escalation) over the initial lease term, subject to a collectability assessment, with the difference between the contractual rent receipts and the straight-line amounts recorded as “deferred rent receivable” or “deferred rent liability”. Expenses for which tenants are contractually obligated to pay, such as maintenance, property taxes and insurance expenses are not reflected in our consolidated financial statements. Lease revenue from land that is subject to an operating lease without rent escalation provisions is recorded on a straight-line basis.
Intangibles	Intangibles A portion of the acquisition price of the assets acquired by PW Tulare Solar, LLC (“PWTS”) have been allocated on the Trust’s consolidated balance sheets between Land and Intangibles’ fair values at the date of acquisition. The total amount of in-place lease intangible assets established was approximately $ 237,000 24.6 10,000 A portion of the acquisition price of the assets acquired by PW Regulus Solar, LLC (“PWRS”) have been allocated on The Trust’s consolidated balance sheets between Land and Intangibles’ fair values at the date of acquisition. The total amount of in-place lease intangible assets established was approximately $ 4,714,000 20.7 227,000 A portion of the acquisition price of the assets acquired by PW CA Canndescent, LLC (“PW Canndescent”) have been allocated on The Trust’s consolidated balance sheets between Land, Improvements and Intangibles’ fair values at the date of acquisition. The amount of in-place lease intangible assets established was approximately $ 808,000 4.5 135,000 163,000 179,000 4.5 30,000 36,000 Intangible assets are evaluated whenever events or circumstances indicate the carrying value of these assets may not be recoverable. As of December 31, 2022, PW Candescent is considered held for sale and the lease intangible asset and liability associated with this property have been written down to $ 0 398,000 The following table provides a summary of the Intangible Assets and Liabilities: For the Years Ended December 31, 2022 and 2021 SCHEDULE OF INTANGIBLE ASSETS Accumulated Amortization / Addition to Revenue Through Accumulated Amortization / Addition to Revenue Accumulated Amortization / Addition to Revenue Impairment on Intangible Net Book Cost 12/31/20 2021 2022 2022 Value Asset Intangibles - PWTS $ 237,471 $ 72,043 $ 9,652 $ 9,654 $ - $ 146,122 Asset Intangibles - PWRS $ 4,713,548 $ 1,526,663 $ 227,488 $ 227,488 $ - $ 2,731,909 Asset Intangibles - Canndescent $ 807,976 $ - $ 162,593 $ 134,662 $ 510,721 $ - Asset Intangibles Total $ 5,758,995 $ 1,598,706 $ 399,733 $ 371,804 $ 510,721 $ 2,878,031 Liability Intangible - Canndescent $ (178,651 ) $ - $ (35,951 ) $ (29,776 ) $ (112,924 ) $ - The following table provides a summary of the current estimate of future amortization of Intangible Assets: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS 2023 $ 227,488 2024 $ 227,488 2025 $ 227,488 2026 $ 227,488 2027 $ 227,488 Thereafter 1,594,469 Total $ 2,731,909
Net Investment in Direct Financing Lease – Railroad	Net Investment in Direct Financing Lease – Railroad P&WV’s net investment in its leased railroad property, recognizing the lessee’s perpetual renewal options, was estimated to have a current value of $ 9,150,000 10
Fair Value	Fair Value Fair value represents the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. The Trust measures its financial assets and liabilities in three levels, based on the markets in which the assets and liabilities are traded and the reliability of the assumptions used to determine fair value. ○ Level 1 – valuations for assets and liabilities traded in active exchange markets, or interest in open-end mutual funds that allow a company to sell its ownership interest back at net asset value on a daily basis. Valuations are obtained from readily available pricing sources for market transactions involving identical assets, liabilities or funds. ○ Level 2 – valuations for assets and liabilities traded in less active dealer, or broker markets, such as quoted prices for similar assets or liabilities or quoted prices in markets that are not active. Level 2 includes U.S. Treasury, U.S. government and agency debt securities, and certain corporate obligations. Valuations are usually obtained from third party pricing services for identical or comparable assets or liabilities. ○ Level 3 – valuations for assets and liabilities that are derived from other valuation methodologies, such as option pricing models, discounted cash flow models and similar techniques, and not based on market exchange, dealer, or broker traded transactions. Level 3 valuations incorporate certain assumptions and projections in determining the fair value assigned to such assets or liabilities. In determining fair value, the Trust utilizes valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs to the extent possible as well as considering counterparty credit risk. The carrying amounts of Power REIT’s financial instruments, including cash and cash equivalents, prepaid expenses, and accounts payable approximate fair value because of their relatively short-term maturities. The carrying value of long-term debt approximates fair value since the related rates of interest approximate current market rates. There are no financial assets and liabilities carried at fair value on a recurring basis as of December 31, 2022 and 2021.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2022
Accounting Policies [Abstract]
SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS	SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS 2022 2021 Year Ended December 31, 2022 2021 Cash and cash equivalents $ 2,847,871 $ 3,171,301 Restricted cash 1,000,000 - Cash and cash equivalents and restricted cash $ 3,847,871 $ 3,171,301
SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE	The following table sets forth the computation of basic and diluted Income per Share: SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE 2022 2021 Year Ended December 31, 2022 2021 Numerator: Net income (loss) $ (14,253,483 ) $ 5,144,490 Preferred stock dividends (652,827 ) (652,834 ) Numerator for basic and diluted EPS - income (loss) available to common shareholders $ (14,906,310 ) $ 4,491,656 Denominator: Denominator for basic EPS - Weighted average shares 3,377,676 3,178,215 Dilutive effect of options - 86,590 Denominator for diluted EPS - Adjusted weighted average shares 3,377,676 3,264,805 Basic income (loss) per common share $ (4.41 ) $ 1.41 Diluted income (loss) per common share $ (4.41 ) $ 1.38
SCHEDULE OF INTANGIBLE ASSETS	The following table provides a summary of the Intangible Assets and Liabilities: For the Years Ended December 31, 2022 and 2021 SCHEDULE OF INTANGIBLE ASSETS Accumulated Amortization / Addition to Revenue Through Accumulated Amortization / Addition to Revenue Accumulated Amortization / Addition to Revenue Impairment on Intangible Net Book Cost 12/31/20 2021 2022 2022 Value Asset Intangibles - PWTS $ 237,471 $ 72,043 $ 9,652 $ 9,654 $ - $ 146,122 Asset Intangibles - PWRS $ 4,713,548 $ 1,526,663 $ 227,488 $ 227,488 $ - $ 2,731,909 Asset Intangibles - Canndescent $ 807,976 $ - $ 162,593 $ 134,662 $ 510,721 $ - Asset Intangibles Total $ 5,758,995 $ 1,598,706 $ 399,733 $ 371,804 $ 510,721 $ 2,878,031 Liability Intangible - Canndescent $ (178,651 ) $ - $ (35,951 ) $ (29,776 ) $ (112,924 ) $ -
SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS	The following table provides a summary of the current estimate of future amortization of Intangible Assets: SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS 2023 $ 227,488 2024 $ 227,488 2025 $ 227,488 2026 $ 227,488 2027 $ 227,488 Thereafter 1,594,469 Total $ 2,731,909

ACQUISITIONS (Tables)

ACQUISITIONS (Tables)	12 Months Ended
	Dec. 31, 2022
Business Acquisition [Line Items]
SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED	The following table summarizes the preliminary allocation of the purchase consideration for the PW MillPro properties based on the relative fair values of the assets when acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Greenhouse Housing Facility Land $ 344,000 $ 19,520 Assets subject to depreciation: Improvements (Greenhouses / Processing Facilities) 8,794,445 283,399 Total Assets Acquired $ 9,138,445 $ 302,919
PW MI CanRE Marengo LLC [Member]
Business Acquisition [Line Items]
SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED	The following table summarized the allocation of the purchase consideration for the PW Marengo Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 244,000 Construction in Progress 18,345,033 Acquisition Costs Capitalized $ 18,589,033
PW CA CanRE Cann Descent LLC [Member]
Business Acquisition [Line Items]
SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED	The following table summarized the allocation of the purchase consideration for the Canndescent Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 181,192 Assets Subject to Depreciation / Amortization Improvements (Greenhouses / Processing Facilities) 6,887,868 Site Improvements 86,402 Lease Intangible Assets 807,976 Lease Intangible Liability (178,651 ) Total Assets Acquired $ 7,784,787
PW CO CanRE Walsenburg LLC [Member]
Business Acquisition [Line Items]
SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED	The following table summarizes the allocation of the purchase consideration for the Walsenburg Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 525,000 Improvements (Greenhouses / Processing Facilities) 1,822,636 Total Assets Acquired $ 2,347,636
PW Vinita [Member]
Business Acquisition [Line Items]
SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED	The following table summarizes the allocation of the purchase consideration for the Vinita Property based on the relative fair values of the assets when the property was acquired: SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED Land $ 50,000 Improvements (Greenhouses / Processing Facilities) 2,094,328 Total Assets Acquired $ 2,144,328

DIRECT FINANCING LEASES AND O_2

DIRECT FINANCING LEASES AND OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2022
Leases [Abstract]
SCHEDULE OF OPERATING LEASE INCOME	Below is a chart of operating leases for Power REIT as of December 31, 2022: SCHEDULE OF OPERATING LEASE INCOME Property Type/Name Size 1 Lease Start Term (yrs) Renewal Options Triple Net Lease Annual Straight-Line Rent ($) Rent Recorded 2022 ($) Rent Recorded 2021 ($) Solar Farm Lease PWSS 5.7 Dec-11 22 2 x 5-years Y 89,494 89,494 89,494 PWTS 4.0 Mar-13 25 2 x 5-years Y 32,500 32,500 32,500 PWTS 4.0 Mar-13 25 2 x 5-years Y 37,500 37,500 37,500 PWTS 4.0 Mar-13 25 2 x 5-years Y 16,800 16,800 16,800 PWTS 4.0 Mar-13 25 2 x 5-years Y 29,900 29,900 29,900 PWTS 4.0 Mar-13 25 2 x 5-years Y 40,800 40,800 40,800 PWRS 82.0 Apr-14 20 2 x 5-years Y 803,117 803,117 803,117 CEA Property Lease Jackson Farms - Tam 18 2,4,6 12,996 Jul-19 20 2 x 5-years Y 469,948 201,810 JAB - Mav 1 3,4,6 16,416 Jul-19 20 2 x 5-years Y 686,837 294,046 Mav 14 2,4,6 26,940 Feb-20 20 2 x 5-years Y 639,816 354,461 Green Street (Chronic) - Sherman 6 3,4,6 26,416 Feb-20 20 2 x 5-years Y 523,015 375,159 Jackson Farms - Mav 5 2,4,6 15,000 Nov-21 20 2 x 5-years Y 14,847 340,734 Sweet Dirt 48,238 May-20 20 2 x 5-years Y 1,947,084 1,839,873 1,292,904 Fifth Ace - Tam 7 3,4,6 18,000 Sep-20 20 2 x 5-years Y 411,084 261,963 Tam 14 2,4 24,360 Oct-20 20 2 x 20-years Y - 113,504 Tam 19 2,4 18,528 Dec-20 20 2 x 5-years Y 182,464 252,061 Apotheke - Tam 8 3,4 21,548 Jan-21 20 2 x 5-years Y 88,191 325,407 California 2,4,6 37,000 Feb-21 5 Y 916,272 1,019,826 PW Gas Station 3,4,6 24,512 Mar-21 20 2 x 5-years Y 300,305 311,631 PW Cloud Nine 2,4,5 38,440 Apr-21 20 2 x 5-years Y - 83,275 Walsenburg Cannabis (Greenhouse) 2,4,6 102,800 May-21 20 2 x 5-years Y 242,779 444,614 Walsenburg Cannabis (MIP) 3,4 Jan-22 10 2 x 5-years Y 17,511 - Oklahoma 2,4,6 40,000 Jun-21 20 2 x 5-years Y 125,695 277,512 Sherman 21 and 22 2,4,5,6 24,880 Jun-21 20 2 x 5-years Y (99,209 ) 291,209 Michigan 2,4 556,146 Sep-21 20 2 x 5-years Y - - Tam 4 and 5 2,4 27,988 Jan-22 20 2 x 5-years Y - 245,136 Nebraska 2,4,6 1,121,153 Apr-22 10 4 x 5-years Y 193,000 - Elevate & Bloom - Tam 13 3,4 9,384 May-22 20 2 x 5-years Y - - 2,997,195 7,602,539 7,535,363 1 1 Solar Farm Land size represents Megawatts and CEA property size represents greenhouse square feet 2 Property is vacant 3 Tenant is not current on rent/in default 4 Rent is being recognized on a cash basis 5 In litigation 6 Recognized security deposit as rent during 2022
SCHEDULE OF MINIMUM FUTURE RENTALS ON NON-CANCELABLE OPERATION LEASES	The following is a schedule by years of minimum future rentals on non-cancelable operating leases as of December 31, 2022 for assets and assets held for sale where revenue recognition is considered on a straight-line basis: SCHEDULE OF MINIMUM FUTURE RENTALS ON NON-CANCELABLE OPERATION LEASES Assets Assets Held for Sale 2023 $ 885,506 $ 4,468,319 2024 894,312 2,605,747 2025 903,077 2,314,985 2026 912,192 1,584,134 2027 921,265 1,626,933 Thereafter 6,545,296 23,947,422 Total $ 11,061,648 $ 36,547,540

LONG-TERM DEBT (Tables)

LONG-TERM DEBT (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
SCHEDULE OF LONG TERM DEBT	The amount of principal payments remaining on Power REIT’s long-term debt as of December 31, 2022 including the modified repayment schedule for the Debt Facility is as follows: SCHEDULE OF LONG TERM DEBT Total Debt 2023 1,168,819 2024 715,777 2025 16,755,634 2026 797,628 2027 841,452 Thereafter 18,820,794 Long term debt $ 39,100,104

IMPAIRMENTS AND ASSETS HELD F_2

IMPAIRMENTS AND ASSETS HELD FOR SALE (Tables)	12 Months Ended
	Dec. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
SUMMARY OF TRUSTS IMPAIRMENT EXPENSES	A summary of the Trust’s impairment expense for the year ended December 31, 2022 is below: SUMMARY OF TRUSTS IMPAIRMENT EXPENSES Impairment Expense Assets Held for Sale $ 5,885,382 Long-Lived Assets 10,485,861 Lease Intangible (net) 397,797 Impairment Expense $ 16,739,040
SCHEDULE OF ASSETS AND LIABILITIES OF ASSETS HELD FOR SALE	The Trust has aggregated and classified the assets and liabilities of this business as held for sale in our Consolidated Balance Sheets as of December 31, 2022. The prior period comparative balance sheet as of December 31, 2021 is recast to achieve comparability. The assets and liabilities of assets held for sale were as follows: SCHEDULE OF ASSETS AND LIABILITIES OF ASSETS HELD FOR SALE December 31, 2022 December 31, 2021 ASSETS Land $ 2,487,677 $ 2,598,117 Greenhouse cultivation and processing facilities, net of accumulated depreciation 12,542,351 13,079,715 Greenhouse cultivation and processing facilities – construction in progress - 2,168,728 Intangible lease asset, net of accumulated amortization 146,121 801,159 Deferred rent receivable 327,923 788,011 TOTAL ASSETS - Held for sale $ 15,504,072 $ 19,435,730 LIABILITIES Accounts payable 143,827 61,198 Tenant security deposits 537,000 772,000 Prepaid rent 37,161 37,161 Intangible lease liability, net of accumulated amortization - 142,700 TOTAL LIABILITIES – Held for sale $ 717,988 $ 1,013,059

EQUITY AND LONG-TERM COMPENSA_2

EQUITY AND LONG-TERM COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF STOCK BASED COMPENSATION VALUATION ASSUMPTIONS OF ACTIVITY OPTIONS	The following assumptions were made to estimate fair value: SCHEDULE OF STOCK BASED COMPENSATION VALUATION ASSUMPTIONS OF ACTIVITY OPTIONS Expected Volatility 63 % Expected Dividend Yield 0 % Expected Term (in years) 5.8 Risk Free Rate 3.05 % Estimate of Forfeiture Rate 0 %
SCHEDULE OF SHARE BASED COMPENSATION STOCK OPTIONS ACTIVITY	SCHEDULE OF SHARE BASED COMPENSATION STOCK OPTIONS ACTIVITY Weighted Number of Average Aggregate Options Exercise Price Intrinsic Value Balance as of December 31, 2021 - - - Plan Awards 205,000 $ 13.44 - Options Exercised - - - Balance as of December 31, 2022 205,000 13.44 - Options expected to vest December 31, 2022 56,944 13.44 - Options exercisable as of December 31, 2022 56,944 $ 13.44 - Weighted Number of Average Aggregate Options Exercise Price Intrinsic Value Balance as of December 31, 2020 106,000 7.96 - Plan Awards - - - Options Exercised (106,000 ) 7.96 - Balance as of December 31, 2021 - - - Options vested at December 31, 2021 - - -
SCHEDULE OF SHARE BASED COMPENSATION RESTRICTED STOCK UNITS AWARD ACTIVITY	The summary of stock-based compensation activity for the year ended December 31, 2022, with respect to the Trust’s restricted stock, was as follows: SCHEDULE OF SHARE BASED COMPENSATION RESTRICTED STOCK UNITS AWARD ACTIVITY Summary of Activity - Restricted Stock Number of Weighted Shares of Average Restricted Grant Date Stock Fair Value Balance as of December 31, 2021 31,260 24.83 Plan Awards 22,400 13.44 Restricted Stock Forfeited (300 ) - Restricted Stock Vested (25,178 ) 18.13 Balance as of December 31, 2022 28,182 21.64 Summary of Activity - Restricted Stock Number of Weighted Shares of Average Restricted Grant Date Stock Fair Value Balance as of December 31, 2020 35,066 8.76 Plan Awards 22,900 37.18 Restricted Stock Vested (26,706 ) 14.32 Balance as of December 31, 2021 31,260 24.83

GENERAL INFORMATION (Details Na

GENERAL INFORMATION (Details Narrative)	12 Months Ended
	Dec. 31, 2022 USD ($) ft² $ / shares	Dec. 31, 2021 USD ($)
Area of land acquired | ft²	2,211,000
Minimum percentage of taxable income to be distributed to shareholders	90%
Net operating loss		$ 24,800,000
Series A Cumulative Redeemable Perpetual Preferred Stock [Member]
Redeemable preferred stock dividends	$ 490,000
Dividends payable, amount per share | $ / shares	$ 0.484375
Percentage of redeemble perpetual preferred stock	7.75%
Preferred stock dividends	$ 163,000

SCHEDULE OF CONSOLIDATED STATEM

SCHEDULE OF CONSOLIDATED STATEMENTS OF CASH FLOWS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Cash and cash equivalents	$ 2,847,871	$ 3,171,301
Restricted cash	1,000,000
Cash and cash equivalents and restricted cash	$ 3,847,871	$ 3,171,301

SCHEDULE OF COMPUTATION OF BASI

SCHEDULE OF COMPUTATION OF BASIC AND DILUTED INCOME PER COMMON SHARE (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Accounting Policies [Abstract]
Net income (loss)	$ (14,253,483)	$ 5,144,490
Preferred stock dividends	(652,827)	(652,834)
Numerator for basic and diluted EPS - income (loss) available to common shareholders	$ (14,906,310)	$ 4,491,656
Denominator for basic EPS - Weighted average shares	3,377,676	3,178,215
Dilutive effect of options		$ 86,590
Denominator for diluted EPS - Adjusted weighted average shares	3,377,676	3,264,805
Basic income (loss) per common share	$ (4.41)	$ 1.41
Diluted income (loss) per common share	$ (4.41)	$ 1.38

SCHEDULE OF INTANGIBLE ASSETS (

SCHEDULE OF INTANGIBLE ASSETS (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Total - Asset Intangibles, Cost	$ 5,758,995
Total - Asset Intangibles, Accumulated Amortization/ Addition to Revenue	371,804	$ 399,733	$ 1,598,706
Total - Asset Intangibles, Impairment on Intangible	510,721
Total - Asset Intangibles, Net Book Value	2,878,031
PW Tulare Solar LLC [Member]
Total - Asset Intangibles, Cost	237,471
Total - Asset Intangibles, Accumulated Amortization/ Addition to Revenue	9,654	9,652	72,043
Total - Asset Intangibles, Impairment on Intangible
Total - Asset Intangibles, Net Book Value	146,122
PW Regulus Solar LLC [Member]
Total - Asset Intangibles, Cost	4,713,548
Total - Asset Intangibles, Accumulated Amortization/ Addition to Revenue	227,488	227,488	1,526,663
Total - Asset Intangibles, Impairment on Intangible
Total - Asset Intangibles, Net Book Value	2,731,909
PW CA Canndescent, LLC [Member]
Total - Asset Intangibles, Cost	807,976
Total - Asset Intangibles, Accumulated Amortization/ Addition to Revenue	134,662	162,593
Total - Asset Intangibles, Impairment on Intangible	510,721
Total - Asset Intangibles, Net Book Value
Liability Intangibles - Canndescent, Cost	(178,651)
Total, Accumulated Amortization	(29,776)	$ (35,951)
Total - Liabilities Intangibles, Impairment on Intangible	(112,924)
Liability Intangibles - Canndescent, Total

SCHEDULE OF FUTURE AMORTIZATION

SCHEDULE OF FUTURE AMORTIZATION OF INTANGIBLE ASSETS (Details)	Dec. 31, 2022 USD ($)
Accounting Policies [Abstract]
2023	$ 227,488
2024	227,488
2025	227,488
2026	227,488
2027	227,488
Thereafter	1,594,469
Total	$ 2,731,909

SUMMARY OF SIGNIFICANT ACCOUN_4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Non cash impairment charges	$ 16,739,040
Estimated useful life	37 years
Depreciation	$ 1,505,470	867,031
Amortization of intangible assets	371,804	399,733
Impairment expense, net	16,700,000
Net investment in capital lease - railroad	9,150,000	9,150,000
PW Tulare Solar LLC [Member]
Property, Plant and Equipment [Line Items]
In-place lease intangible assets	$ 237,000
Intangible assets, amortization period	24 years 7 months 6 days
Amortization of intangible assets	$ 10,000	10,000
PW Regulus Solar LLC [Member]
Property, Plant and Equipment [Line Items]
In-place lease intangible assets	$ 4,714,000
Intangible assets, amortization period	20 years 8 months 12 days
Amortization of intangible assets	$ 227,000	227,000
PW CA Canndescent, LLC [Member]
Property, Plant and Equipment [Line Items]
In-place lease intangible assets	$ 808,000
Intangible assets, amortization period	4 years 6 months
Amortization of intangible assets	$ 135,000	163,000
Lease intangible liability	179,000
Amortization of intangible liability recognized	30,000	$ 36,000
Intangible asset written down value	0
Impairment expense, net	398,000
Pittsburgh and West Virginia Railroad [Member]
Property, Plant and Equipment [Line Items]
Net investment in capital lease - railroad	$ 9,150,000
Percentage of implicit interest rate	10%
Greenhouse Properties [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	20 years
Auxiliary buildings [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	39 years

CONCENTRATIONS (Details Narrati

CONCENTRATIONS (Details Narrative) - Revenue Benchmark [Member] - Customer Concentration Risk [Member]	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Concentration Risk [Line Items]
Concentration risk threshold percentage	57%	48%
Sweet Dirt [Member] | Customer One [Member]
Concentration Risk [Line Items]
Concentration of lease in revenue	22%	15%
Canndescent [Member] | Customer Two [Member]
Concentration Risk [Line Items]
Concentration of lease in revenue	10%	12%
Norfolk Southern [Member] | Customer Three [Member]
Concentration Risk [Line Items]
Concentration of lease in revenue	11%	11%
JAB Industries [Member] | Customer Four [Member]
Concentration Risk [Line Items]
Concentration of lease in revenue	14%
Regulus Solar LLC [Member] | Customer Four [Member]
Concentration Risk [Line Items]
Concentration of lease in revenue		10%

SCHEDULE OF FAIR VALUE OF ASSET

SCHEDULE OF FAIR VALUE OF ASSETS ACQUIRED (Details) - USD ($)	Sep. 03, 2021	Mar. 31, 2022	Jun. 11, 2021	May 21, 2021	Feb. 03, 2021
PW CA CanRE Cann Descent LLC [Member]
Business Acquisition [Line Items]
Land					$ 181,192
Improvements (Greenhouses / Processing Facilities)					6,887,868
Site Improvements					86,402
Net Lease Intangibles					807,976
Lease Intangible Liability					(178,651)
Total Assets Acquired					$ 7,784,787
PW CO CanRE Walsenburg LLC [Member]
Business Acquisition [Line Items]
Land				$ 525,000
Improvements (Greenhouses / Processing Facilities)				1,822,636
Total Assets Acquired				$ 2,347,636
PW CanREOK Vinita LLC [Member]
Business Acquisition [Line Items]
Land			$ 50,000
Improvements (Greenhouses / Processing Facilities)			2,094,328
Total Assets Acquired			$ 2,144,328
PW MI CanRE Marengo LLC [Member]
Business Acquisition [Line Items]
Land	$ 244,000
Construction in Progress	18,345,033
Acquisition Costs Capitalized	$ 18,589,033
Greenhouse [Member] | PW MillPro NELLC [Member]
Business Acquisition [Line Items]
Land		$ 344,000
Improvements (Greenhouses / Processing Facilities)		8,794,445
Total Assets Acquired		9,138,445
Housing Facility [Member] | PW MillPro NELLC [Member]
Business Acquisition [Line Items]
Land		19,520
Improvements (Greenhouses / Processing Facilities)		283,399
Total Assets Acquired		$ 302,919

ACQUISITIONS (Details Narrative

ACQUISITIONS (Details Narrative)

12 Months Ended

Jun. 01, 2022 USD ($)

Mar. 31, 2022 USD ($) a ft²

Jan. 02, 2022 USD ($)

Jan. 01, 2022 USD ($)

Nov. 02, 2021 USD ($)

Sep. 03, 2021 USD ($)

Jun. 18, 2021 USD ($) a ft²

Jun. 11, 2021 USD ($) a ft²

May 21, 2021 USD ($) a ft²

Apr. 20, 2021 USD ($) a ft²

Mar. 12, 2021 USD ($) a ft²

Feb. 23, 2021 USD ($) ft²

Feb. 03, 2021 USD ($) a shares

Jan. 14, 2021 USD ($) a ft²

Jan. 04, 2021 USD ($) a ft²

Dec. 31, 2022 USD ($) ft²

Sep. 03, 2021 a

Sep. 03, 2021 ft²

Feb. 03, 2021 ft²

Business Acquisition [Line Items]

Area of land | ft²

2,211,000

Depreciate buildings terms

37 years

Series A Preferred Stock [Member]

Business Acquisition [Line Items]

Issuance of shares | shares

192,308

Greenhouse [Member]

Business Acquisition [Line Items]

Depreciate buildings terms

20 years

Auxiliary buildings [Member]

Business Acquisition [Line Items]

Depreciate buildings terms

39 years

PW Canndescent [Member]

Business Acquisition [Line Items]

Purchase price

$ 7,685,000

Acquisitions Expenses

99,789

Payment to acquire property plant and equipment

$ 2,685,000

PW Canndescent [Member] | Series A Preferred Stock [Member]

Business Acquisition [Line Items]

Issuance of shares | shares

192,308

PW JKL [Member]

Business Acquisition [Line Items]

Payment to acquire property plant and equipment

$ 2,500,000

capital improvements

$ 2,900,000

Greenhouse Properties [Member] | P W Grail [Member]

Business Acquisition [Line Items]

Area of land | a

4.41

Business acquisition cost

$ 150,000

$ 2,100,000

Investment in property and buildings

$ 71,000

Greenhouse Properties [Member] | P W Grail [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

21,732

Purchase price

$ 1,690,000

Greenhouse Properties [Member] | P W Grail [Member] | Greenhouse Space [Member]

Business Acquisition [Line Items]

Area of land | ft²

6,256

Business acquisition cost

$ 518,000

Capital commitment

$ 2,400,000

Greenhouse Properties [Member] | PW Apotheke [Member]

Business Acquisition [Line Items]

Area of land | a

4.31

Business acquisition cost

$ 150,000

1,900,000

Greenhouse Properties [Member] | PW Apotheke [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

21,548

Purchase price

$ 1,660,000

Capital commitment

$ 2,200,000

Tenant improvement

$ 364,650,000,000

Greenhouse Properties [Member] | PW Gas Station [Member]

Business Acquisition [Line Items]

Area of land | a

2.2

Business acquisition cost

$ 85,000

2,000,000

Greenhouse Properties [Member] | PW Gas Station [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

24,512

Capital commitment

$ 2,100,000

Payment to acquire property plant and equipment

$ 2,030,000

Greenhouse Properties [Member] | PW Cloud Nine [Member]

Business Acquisition [Line Items]

Area of land | a

4

Business acquisition cost

$ 300,000

1,600,000

Greenhouse Properties [Member] | PW Cloud Nine [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

38,440

Investment in property and buildings

$ 2,950,000

Payment to acquire property plant and equipment

$ 2,650,000

Greenhouse Properties [Member] | PW Walsenburg [Member]

Business Acquisition [Line Items]

Area of land | a

35

Business acquisition cost

$ 2,300,000

Greenhouse Properties [Member] | PW Walsenburg [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

102,800

Business acquisition cost

2,500,000

Capital commitment

$ 4,500,000

Payment to acquire property plant and equipment

$ 1,600,000

Short term lease commitment amount

$ 625,000

Greenhouse Properties [Member] | PW Vinita [Member]

Business Acquisition [Line Items]

Area of land | a

9.35

Business acquisition cost

$ 2,100,000

Payment to acquire property plant and equipment

$ 550,000

Greenhouse Properties [Member] | PW Vinita [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

40,000

Business acquisition cost

493,000

Capital commitment

$ 2,650,000

Greenhouse Properties [Member] | PW Vinita [Member] | Office Space [Member]

Business Acquisition [Line Items]

Area of land | ft²

3,000

Greenhouse Properties [Member] | PW Vinita [Member] | Fully Fenced Outdoor Growing Space [Member]

Business Acquisition [Line Items]

Area of land | ft²

100,000

Greenhouse Properties [Member] | PW JKL [Member]

Business Acquisition [Line Items]

Area of land | a

10

Business acquisition cost

$ 400,000

0

Capital commitment

$ 1,400,000

Greenhouse Properties [Member] | PW JKL [Member] | Greenhouse And Processing Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

12,000

Greenhouse Properties [Member] | PW JKL [Member] | Support Buldings [Member]

Business Acquisition [Line Items]

Area of land | ft²

12,880

Greenhouse Properties [Member] | PW MI CanRE Marengo LLC [Member]

Business Acquisition [Line Items]

Area of land

61.14

556,146

Business acquisition cost

$ 18,392,000

5,800,000

Capital commitment

$ 25,600,000

Payment to acquire property plant and equipment

$ 2,980,000

Additional improvements

$ 4,100,000

Greenhouse Properties [Member] | PW MillPro NELLC [Member]

Business Acquisition [Line Items]

Area of land | a

86

Business acquisition cost

$ 0

Payment to acquire property plant and equipment

$ 534,430

Greenhouse Properties [Member] | PW MillPro NELLC [Member] | Millpro Facility [Member]

Business Acquisition [Line Items]

Area of land | ft²

1,121,513

Greenhouse Properties [Member] | PW MillPro NELLC [Member] | Housing Facility [Member]

Business Acquisition [Line Items]

Area of land | a

4.88

Payment to acquire property plant and equipment

$ 9,350,000

Greenhouse Properties [Member] | PW MillPro NELLC [Member] | O'Neill Nebraska [Member]

Business Acquisition [Line Items]

Payment to acquire property plant and equipment

$ 91,000

Greenhouse And Processing Facility [Member] | PW Canndescent [Member]

Business Acquisition [Line Items]

Area of land

37,000

37,000

Greenhouse And Processing Facility [Member] | PW Canndescent [Member] | Property, Plant and Equipment, Other Types [Member]

Business Acquisition [Line Items]

Area of land | a

0.85

SCHEDULE OF OPERATING LEASE INC

SCHEDULE OF OPERATING LEASE INCOME (Details)		12 Months Ended
		Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2022 a	Dec. 31, 2022 ft²
Size | ft²					2,211,000
Straight line rent		$ 2,997,195
Rent recorded		7,602,539	$ 7,535,363
Rent recorded		$ (7,602,539)	(7,535,363)
Operating Lease, Lease Income, Statement of Income or Comprehensive Income [Extensible Enumeration]		Lease income from direct financing lease – railroad
PWSS by Dec-11 [Member]
Size	[1]			5.7	37,000	[2],[3],[4]
Term (Yrs)		22 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 89,494
Rent recorded		89,494	89,494
Rent recorded		$ (89,494)	(89,494)
PWTS by Mar-13 [Member]
Size | a	[1]			4
Term (Yrs)		25 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 32,500
Rent recorded		32,500	32,500
Rent recorded		$ (32,500)	(32,500)
PWTS by Mar-13 One [Member]
Size | a	[1]			4
Term (Yrs)		25 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 37,500
Rent recorded		37,500	37,500
Rent recorded		$ (37,500)	(37,500)
PWTS by Mar-13 Two [Member]
Size | a	[1]			4
Term (Yrs)		25 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 16,800
Rent recorded		16,800	16,800
Rent recorded		$ (16,800)	(16,800)
PWTS by Mar-13 Three [Member]
Size | a	[1]			4
Term (Yrs)		25 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 29,900
Rent recorded		29,900	29,900
Rent recorded		$ (29,900)	(29,900)
PWTS by Mar-13 Four [Member]
Size | a	[1]			4
Term (Yrs)		25 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 40,800
Rent recorded		40,800	40,800
Rent recorded		$ (40,800)	(40,800)
PWRS by Apr-14 [Member]
Size | a	[1]			82
Term (Yrs)		20 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 803,117
Rent recorded		803,117	803,117
Rent recorded		$ (803,117)	(803,117)
Jackson Farms - Tam 18 [Member]
Size | ft²	[1],[2],[3],[4]				12,996
Term (Yrs)	[2],[3],[4]	20 years
Renewal Options	[2],[3],[4]	2 x 5-years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 469,948	201,810
Rent recorded	[2],[3],[4]	$ (469,948)	(201,810)
JAB - Mav 1 [Member]
Size | ft²	[1],[3],[4],[5]				16,416
Term (Yrs)	[3],[4],[5]	20 years
Renewal Options	[3],[4],[5]	2 x 5-years
Triple net lease	[3],[4],[5]	Y
Rent recorded	[3],[4],[5]	$ 686,837	294,046
Rent recorded	[3],[4],[5]	$ (686,837)	(294,046)
Mav 14 [Member]
Size | ft²	[1],[2],[3],[4]				26,940
Term (Yrs)	[2],[3],[4]	20 years
Renewal Options	[2],[3],[4]	2 x 5-years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 639,816	354,461
Rent recorded	[2],[3],[4]	$ (639,816)	(354,461)
Green Street (Chronic) - Sherman 6 [Member]
Size | ft²	[1],[3],[4],[5]				26,416
Term (Yrs)	[3],[4],[5]	20 years
Renewal Options	[3],[4],[5]	2 x 5-years
Triple net lease	[3],[4],[5]	Y
Rent recorded	[3],[4],[5]	$ 523,015	375,159
Rent recorded	[3],[4],[5]	$ (523,015)	(375,159)
Jackson Farms - Mav 5 [Member]
Size | ft²	[1],[2],[3],[4]				15,000
Term (Yrs)	[2],[3],[4]	20 years
Renewal Options	[2],[3],[4]	2 x 5-years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 14,847	340,734
Rent recorded	[2],[3],[4]	$ (14,847)	(340,734)
Sweet Dirt [Member]
Size | ft²					48,238
Term (Yrs)		20 years
Renewal Options		2 x 5-years
Triple net lease		Y
Straight line rent		$ 1,947,084
Rent recorded		1,839,873	1,292,904
Rent recorded		$ (1,839,873)	(1,292,904)
Fifth Ace - Tam 7 [Member]
Size | ft²	[1],[3],[4],[5]				18,000
Term (Yrs)	[3],[4],[5]	20 years
Renewal Options	[3],[4],[5]	2 x 5-years
Triple net lease	[3],[4],[5]	Y
Rent recorded	[3],[4],[5]	$ 411,084	261,963
Rent recorded	[3],[4],[5]	$ (411,084)	(261,963)
Tam 14 [Member]
Size | ft²	[1],[2],[4]				24,360
Term (Yrs)	[2],[4]	20 years
Renewal Options	[2],[4]	2 x 20-years
Triple net lease	[2],[4]	Y
Rent recorded	[2],[4]		113,504
Rent recorded	[2],[4]		(113,504)
Tam 19 [Member]
Size | ft²	[2],[4]				18,528
Term (Yrs)	[2],[4]	20 years
Renewal Options	[2],[4]	2 x 5-years
Triple net lease	[2],[4]	Y
Rent recorded	[2],[4]	$ 182,464	252,061
Rent recorded	[2],[4]	$ (182,464)	(252,061)
Apotheke - Tam 8 [Member]
Size | ft²	[1],[4],[5]				21,548
Term (Yrs)	[4],[5]	20 years
Renewal Options	[4],[5]	2 x 5-years
Triple net lease	[4],[5]	Y
Rent recorded	[4],[5]	$ 88,191	325,407
Rent recorded	[4],[5]	$ (88,191)	(325,407)
California [Member]
Term (Yrs)	[2],[3],[4]	5 years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 916,272	1,019,826
Rent recorded	[2],[3],[4]	$ (916,272)	(1,019,826)
PW Gas Station [Member]
Size | ft²	[1],[3],[4],[5]				24,512
Term (Yrs)		20 years
Renewal Options	[3],[4],[5]	2 x 5-years
Triple net lease	[3],[4],[5]	Y
Rent recorded	[3],[4],[5]	$ 300,305	311,631
Rent recorded	[3],[4],[5]	$ (300,305)	(311,631)
PW Cloud Nine [Member]
Size | ft²	[1],[2],[4],[6]				38,440
Term (Yrs)	[2],[4],[6]	20 years
Renewal Options	[2],[4],[6]	2 x 5-years
Triple net lease	[2],[4],[6]	Y
Rent recorded	[2],[4],[6]		83,275
Rent recorded	[2],[4],[6]		(83,275)
Walsenburg Cannabis (Greenhouse) [Member]
Size | ft²	[1],[2],[3],[4]				102,800
Term (Yrs)	[2],[3],[4]	20 years
Renewal Options	[2],[3],[4]	2 x 5-years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 242,779	444,614
Rent recorded	[2],[3],[4]	$ (242,779)	(444,614)
Walsenburg Cannabis (MIP) [Member]
Term (Yrs)	[4],[5]	10 years
Renewal Options	[4],[5]	2 x 5-years
Triple net lease	[4],[5]	Y
Rent recorded	[4],[5]	$ 17,511
Rent recorded	[4],[5]	$ (17,511)
Oklahoma [Member]
Size | ft²	[1],[2],[3],[4]				40,000
Term (Yrs)	[2],[3],[4]	20 years
Renewal Options	[2],[3],[4]	2 x 5-years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 125,695	277,512
Rent recorded	[2],[3],[4]	$ (125,695)	(277,512)
Sherman 21 and 22 [Member]
Size | ft²	[1],[2],[3],[4],[6]				24,880
Term (Yrs)	[2],[3],[4],[6]	20 years
Renewal Options	[2],[3],[4],[6]	2 x 5-years
Triple net lease	[2],[3],[4],[6]	Y
Rent recorded	[2],[3],[4],[6]	$ 99,209	291,209
Rent recorded	[2],[3],[4],[6]	$ (99,209)	(291,209)
Michigan [Member]
Size | ft²	[1],[2],[4]				556,146
Term (Yrs)	[2],[4]	20 years
Renewal Options	[2],[4]	2 x 5-years
Triple net lease	[2],[4]	Y
Rent recorded	[2],[4]
Rent recorded	[2],[4]
Tam 4 and 5 [Member]
Size | ft²	[1],[2],[4]				27,988
Term (Yrs)	[2],[4]	20 years
Renewal Options	[2],[4]	2 x 5-years
Triple net lease	[2],[4]	Y
Rent recorded	[2],[4]		245,136
Rent recorded	[2],[4]		(245,136)
Nebraska [Member]
Size | ft²	[1],[2],[3],[4]				1,121,153
Term (Yrs)	[2],[3],[4]	10 years
Renewal Options	[2],[3],[4]	4 x 5-years
Triple net lease	[2],[3],[4]	Y
Rent recorded	[2],[3],[4]	$ 193,000
Rent recorded	[2],[3],[4]	$ (193,000)
Elevate & Bloom - Tam 13 [Member]
Size | ft²	[1],[4],[5]				9,384
Term (Yrs)	[4],[5]	20 years
Renewal Options	[4],[5]	2 x 5-years
Triple net lease	[4],[5]	Y
Rent recorded	[4],[5]
Rent recorded	[4],[5]
[1]Solar Farm Land size represents Megawatts and CEA property size represents greenhouse square feet[2]Property is vacant[3]Recognized security deposit as rent during 2022[4]Rent is being recognized on a cash basis[5]Tenant is not current on rent/in default[6]In litigation

SCHEDULE OF MINIMUM FUTURE RENT

SCHEDULE OF MINIMUM FUTURE RENTALS ON NON-CANCELABLE OPERATION LEASES (Details)	Dec. 31, 2022 USD ($)
Land [Member]
Property, Plant and Equipment [Line Items]
2023	$ 885,506
2024	894,312
2025	903,077
2026	912,192
2027	921,265
Thereafter	6,545,296
Total	11,061,648
Land Improvements [Member]
Property, Plant and Equipment [Line Items]
2023	4,468,319
2024	2,605,747
2025	2,314,985
2026	1,584,134
2027	1,626,933
Thereafter	23,947,422
Total	$ 36,547,540

DIRECT FINANCING LEASES AND O_3

DIRECT FINANCING LEASES AND OPERATING LEASES (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Revenue from Lease	$ 8,518,000	$ 8,450,000
Cash rental per annum	$ 915,000
Lease period	99 years
Renewal of lease term	99 years
Operating lease description	P&WV has determined that the lease term is perpetual (for GAAP accounting purposes only) because it is perceived that it would be un-economic for the lessee to terminate and the Lessee has control over its actions with respect to default and has unlimited renewal options. Accordingly, as of January 1, 1983, the rentals receivable of $915,000 per annum, recognizing renewal options by the lessee in perpetuity, were estimated to have a present value of $9,150,000, assuming an implicit interest rate of 10%. The Trust has evaluated their long-lived assets for impairment and concluded there are no impairment indicators as of December 31, 2022.
Rental income	$ 1,177,000
Straight-line rent	$ 320,000
Minimum [Member]
Lease term	5 years
Maximum [Member]
Lease term	99 years

SCHEDULE OF LONG TERM DEBT (Det

SCHEDULE OF LONG TERM DEBT (Details)	Dec. 31, 2022 USD ($)
Debt Disclosure [Abstract]
2023	$ 1,168,819
2024	715,777
2025	16,755,634
2026	797,628
2027	841,452
Thereafter	18,820,794
Long term debt	$ 39,100,104

LONG-TERM DEBT (Details Narrati

LONG-TERM DEBT (Details Narrative) - USD ($)					12 Months Ended
	Dec. 21, 2021	Nov. 25, 2019	Nov. 06, 2015	Dec. 31, 2012	Dec. 31, 2022	Dec. 31, 2021	Dec. 21, 2022	Jul. 31, 2013
Short-Term Debt [Line Items]
Debt instrument maturity date description		2054 (35 years)
Long term debt, fixed interest		4.62%
Outstanding loan balance					$ 39,100,104
Proceeds from issuance of long-term debt		$ 15,500,000			16,000,000
Line of Credit Facility, Current Borrowing Capacity					16,000,000	0
Payments of Debt Issuance Costs					43,958	275,000
Pittsburgh and West Virginia Railroad [Member]
Short-Term Debt [Line Items]
Outstanding loan balance					14,615,000	14,809,000
Capitalized debt cost					285,000	293,000
Municipal Debt [Member]
Short-Term Debt [Line Items]
Long term debt, term				10 years
Debt interest rate				5%
Debt instrument maturity date description				February 1 of each year
Municipal debt securities, at carrying value					58,000	64,000
PWSS Term Loan [Member]
Short-Term Debt [Line Items]
Long term debt, term								10 years
Debt amount								$ 750,000
Long term debt, fixed interest								5%
Outstanding loan balance					490,000	521,000
Capitalized debt cost					1,400	4,100
Land and Intangibles [Member] | PWRS Bonds [Member]
Short-Term Debt [Line Items]
Debt instrument maturity date description			October 14, 2034
Debt amount			$ 10,150,000
Long term debt, fixed interest			4.34%
Outstanding loan balance					7,393,000	7,803,000
Capitalized debt cost					258,000
Unamortized debt cost						280,000
Debt Facility [Member]
Short-Term Debt [Line Items]
Debt interest rate	5.52%
Debt instrument, face amount	$ 20,000,000
Long-term debt, description	The facility is non-recourse to Power REIT and is structured without initial collateral but has springing liens to provide security against a significant number of Power REIT CEA portfolio properties in the event of default. The Debt Facility had a 12 month draw period and then converts to a term loan that is fully amortizing over five years
Debt issuance costs, net					255,165		$ 1,000,000
Proceeds from Issuance of Debt					44,000
Payments of Debt Issuance Costs						275,000
Amortization					$ 53,000	$ 0
Debt Facility [Member] | Minimum [Member]
Short-Term Debt [Line Items]
Debt coverage ratio					$ 2
Debt instrument term					5 years
Debt instrument term service					6 months
Debt Facility [Member] | Maximum [Member]
Short-Term Debt [Line Items]
Debt coverage ratio					$ 1
Debt instrument term					10 years

SUMMARY OF TRUSTS IMPAIRMENT EX

SUMMARY OF TRUSTS IMPAIRMENT EXPENSES (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Long-Lived Assets Held-for-sale [Line Items]
Long-Lived Assets	$ 16,700,000
Impairment Expense	16,739,040
Assets Held For Sale [Member]
Long-Lived Assets Held-for-sale [Line Items]
Assets Held for Sale	5,885,382
Long-Lived Assets	10,485,861
Lease Intangible (net)	397,797
Impairment Expense	$ 16,739,040

SCHEDULE OF ASSETS AND LIABILIT

SCHEDULE OF ASSETS AND LIABILITIES OF ASSETS HELD FOR SALE (Details) - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Land	$ 2,487,677	$ 2,598,117
Greenhouse cultivation and processing facilities, net of accumulated depreciation	12,542,351	13,079,715
Greenhouse cultivation and processing facilities – construction in progress		2,168,728
Intangible lease asset, net of accumulated amortization	146,121	801,159
Deferred rent receivable	327,923	788,011
TOTAL ASSETS - Held for sale	15,504,072	19,435,730
Accounts payable	143,827	61,198
Tenant security deposits	537,000	772,000
Prepaid rent	37,161	37,161
Intangible lease liability, net of accumulated amortization		142,700
TOTAL LIABILITIES – Held for sale	$ 717,988	$ 1,013,059

IMPAIRMENTS AND ASSETS HELD F_3

IMPAIRMENTS AND ASSETS HELD FOR SALE (Details Narrative) $ in Millions	12 Months Ended
	Dec. 31, 2022 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Impairment of Long-Lived Assets to be Disposed of	$ 16.7

SCHEDULE OF STOCK BASED COMPENS

SCHEDULE OF STOCK BASED COMPENSATION VALUATION ASSUMPTIONS OF ACTIVITY OPTIONS (Details)	12 Months Ended
	Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]
Expected Volatility	63%
Expected Dividend Yield	0%
Expected Term (in years)	5 years 9 months 18 days
Risk Free Rate	3.05%
Estimate of Forfeiture Rate	0%

SCHEDULE OF SHARE BASED COMPENS

SCHEDULE OF SHARE BASED COMPENSATION STOCK OPTIONS ACTIVITY (Details) - Share-Based Payment Arrangement [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Options, Beginning balance		106,000
Weighted Average Exercise Price, Beginning balance		$ 7.96
Aggregate intrinsic value, Beginning balance
Number of Options, Plan Awards	205,000
Weighted Average Exercise Price, Plan Awards	$ 13.44
Number of Options, Options Exercised		106,000
Weighted Average Exercise Price, Options Exercised		$ 7.96
Number of Options, Ending balance	205,000
Weighted Average Exercise Price, Ending balance	$ 13.44
Aggregate intrinsic value, Ending balance
Number of Options, Vest, Ending balance	56,944
Weighted Average Exercise Price, Vest, Ending balance	$ 13.44
Aggregate intrinsic value, Vest, Ending balance
Number of Options, Exercisable , Ending balance	56,944
Weighted Average Exercise Price, Exercisable , Ending balance	$ 13.44
Aggregate intrinsic value, Exercisable, Ending balance

SCHEDULE OF SHARE BASED COMPE_2

SCHEDULE OF SHARE BASED COMPENSATION RESTRICTED STOCK UNITS AWARD ACTIVITY (Details) - Restricted Stock [Member] - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Restricted Stock, Beginning balance	31,260	35,066
Weighted Average Grant Date Fair Value, Beginning balance	$ 24.83	$ 8.76
Number of Shares Restricted Stock, Plan Awards	22,400	22,900
Weighted Average Grant Date Fair Value, Plan Awards	$ 13.44	$ 37.18
Number of Shares Restricted Stock, Restricted Stock Forfeited	(300)
Weighted Average Grant Date Fair Value, Restricted Stock Forfeited
Number of Shares Restricted Stock, Restricted Stock Vested	(25,178)	(26,706)
Weighted Average Grant Date Fair Value, Restricted Stock Vested	$ 18.13	$ 14.32
Number of Shares Restricted Stock, Ending balance	28,182	31,260
Weighted Average Grant Date Fair Value, Ending balance	$ 21.64	$ 24.83

EQUITY AND LONG-TERM COMPENSA_3

EQUITY AND LONG-TERM COMPENSATION (Details Narrative) - USD ($)						12 Months Ended
	Jul. 15, 2022	Dec. 30, 2021	Oct. 08, 2021	Feb. 03, 2021	Jan. 07, 2021	Dec. 31, 2022	Dec. 31, 2021	Dec. 17, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued						150,917
Par value per share						$ 0.001	$ 0.001
Temporary equity shares authorized					1,675,000	1,675,000	1,675,000
Gross proceeds							$ 36,494,866
Debt issuance costs						$ 43,958	275,000
Offering expenses							165,075
Weighted average remaining term						9 years 6 months 14 days
Non-cash expense related to restricted stock and options granted						$ 682,259	$ 382,328
Unrecognized share-based compensation expense						610,000
Equity Option [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unrecognized share-based compensation expense						$ 1,400,000
Executive Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued							45,128
Strike price							$ 7.96
Options exercised		$ 67.51
Exercise transaction							106,000
Number of shares repurchased							60,872
Payment to repurchase of common stock							$ 3,265,723
Board Members [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Unvested restricted stock forfeited						300
Share-Based Payment Arrangement [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Options, Beginning balance							106,000	106,000
Weighted Average Exercise Price, Beginning balance							$ 7.96	$ 7.96
Number of Options, Plan Awards						205,000
Weighted Average Exercise Price, Plan Awards						$ 13.44
Number of Options, Options Exercised							(106,000)
Options exercised							$ 7.96
Number of Options, Ending balance						205,000
Weighted Average Exercise Price, Ending balance						$ 13.44
Aggregate intrinsic value, Ending balance
Number of Options, Vest, Ending balance						56,944
Weighted Average Exercise Price, Vest, Ending balance						$ 13.44
Aggregate intrinsic value, Vest, Ending balance
Non-cash expense related to restricted stock and options granted						$ 456,000	$ 382,000
Restricted Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of Shares Restricted Stock, Beginning balance						31,260	35,066	35,066
Weighted Average Grant Date Fair Value, Beginning balance						$ 24.83	$ 8.76	$ 8.76
Number of Shares Restricted Stock, Plan Awards						22,400	22,900
Weighted Average Grant Date Fair Value, Plan Awards						$ 13.44	$ 37.18
Number of Shares Restricted Stock, Restricted Stock Vested						(25,178)	(26,706)
Weighted Average Grant Date Fair Value, Restricted Stock Vested						$ 18.13	$ 14.32
Number of Shares Restricted Stock, Ending balance						28,182	31,260
Weighted Average Grant Date Fair Value, Ending balance						$ 21.64	$ 24.83
Restricted Stock [Member] | Officer And Independent Trustees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation stock options grants	22,400
Share based compensation restricted stock vests	36 months
Restricted Stock [Member] | Officer [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation stock options grants	20,000
Restricted Stock [Member] | Independent Trustees [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Share based compensation stock options grants	600
Restricted Stock Units (RSUs) [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Non-cash expense related to restricted stock and options granted						$ 226,000	$ 0
Options Held [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Strike price	$ 13.44
PW RO Holdings LLC [Member] | David H. Lesser [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued							132,074
PW RO Holdings LLC [Member] | David H. Lesser [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Equity investment percentage							100%
PWRO HoldingsOne LLC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Investors common shares							15,458
PWRO HoldingsOne LLC [Member] | Investor ROH [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Distributed common shares							116,617
PW RO Holdings 2 LLC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Investors common shares			18,656
PW RO Holdings 2 LLC [Member] | Investor ROH [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Distributed common shares			136,344
PW RO Holdings 2 LLC [Member] | David H. Lesser [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued							155,000
PW RO Holdings 3 LLC [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Investors common shares								14,410
PW RO Holdings 3 LLC [Member] | Investor ROH [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Distributed common shares								108,610
PW RO Holdings 3 LLC [Member] | David H. Lesser [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued			123,020
13310 LMR2A [Member] | David H. Lesser [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued								68,679
Trust [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued							1,383,394
Gross proceeds							$ 36,700,000
Series A Preferred Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of shares issued				192,308
Gross proceeds				$ 5,000,008
Debt issuance costs				$ 2,205
Common Stock [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Common stock issued					1,500,000
Par value per share					$ 0.001
Number of shares issued							1,383,394
Number of Options, Options Exercised							(45,128)

INCOME TAXES (Details Narrative

INCOME TAXES (Details Narrative) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Income Tax Disclosure [Abstract]
Annual ordinary taxable income percentage	90%
Net operating loss		$ 24.8

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)		12 Months Ended
	Mar. 01, 2022	Dec. 31, 2022	Dec. 31, 2021
Related Party Transaction [Line Items]
Revenue from contract with customer		$ 8,517,720	$ 8,457,914
Sweet Dirt Lease Second Amendment [Member]
Related Party Transaction [Line Items]
Compensation earned on lease funding	$ 3,508,000
CO [Member]
Related Party Transaction [Line Items]
Revenue from contract with customer		260,296	444,614
OKLAHOMA
Related Party Transaction [Line Items]
Revenue from contract with customer		125,695	277,512
MICHIGAN
Related Party Transaction [Line Items]
Revenue from contract with customer		0	0
NEBRASKA
Related Party Transaction [Line Items]
Revenue from contract with customer		193,000
NIGER
Related Party Transaction [Line Items]
Revenue from contract with customer			0
Board Of Trustees [Member]
Related Party Transaction [Line Items]
Increase in reimbursement		4,000
David H. Lesser [Member]
Related Party Transaction [Line Items]
Payment to affiliate		8,000	$ 60,000
IntelliGen Power Systems LLC [Member]
Related Party Transaction [Line Items]
Payments to acquire productive assets	$ 2,205,000
Amount paid related party for equipment supplied		1,102,500
Hudson Bay Partners LP [Member] | Board Of Trustees [Member]
Related Party Transaction [Line Items]
Due to Affiliate		$ 1,000

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)				12 Months Ended
	Mar. 13, 2023	Jan. 23, 2023	Jan. 06, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 21, 2021
Subsequent Event [Line Items]
Gross proceeds					$ 36,494,866
Debt Facility [Member]
Subsequent Event [Line Items]
Total debt commitment						$ 20,000,000
Maximum [Member] | Debt Facility [Member]
Subsequent Event [Line Items]
Debt coverage ratio				$ 1
Minimum [Member] | Debt Facility [Member]
Subsequent Event [Line Items]
Debt coverage ratio				$ 2
Subsequent Event [Member]
Subsequent Event [Line Items]
Interest rate description	The interest rate is changed to the greater of: (i) 1% above the Prime rate and (ii) 8.75%.
Debt instrument maturity date	Dec. 21, 2025
Debt instrument minimum liquidity	$ 1,000,000
Debt instrument fee description	A $160,000 fee will be charged by the bank for the modification.
Subsequent Event [Member] | Sweet Dirt Lease Second Amendment [Member]
Subsequent Event [Line Items]
Asset Acquisition, Consideration Transferred		$ 7,037,000
Non-refundable deposit		$ 300,000
Subsequent Event [Member] | Maximum [Member]
Subsequent Event [Line Items]
Total debt commitment	$ 20,000,000
Subsequent Event [Member] | Maximum [Member] | Debt Facility [Member]
Subsequent Event [Line Items]
Debt coverage ratio	$ 1.50
Subsequent Event [Member] | Minimum [Member]
Subsequent Event [Line Items]
Total debt commitment	$ 16,000,000
Subsequent Event [Member] | Minimum [Member] | Debt Facility [Member]
Subsequent Event [Line Items]
Debt coverage ratio	$ 1
Subsequent Event [Member] | CALIFORNIA
Subsequent Event [Line Items]
Gross proceeds			$ 2,500,000
Property improvement			$ 1,550,000