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Allowance for Doubtful Accounts | 9 Months Ended
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Sep. 30, 2013
Allowance for Doubtful Accounts |
Allowance for Doubtful Accounts | Note 6 - Allowance for Doubtful Accounts The Company maintains an allowance for doubtful accounts for estimated losses resulting from the inability of its tenants to make required rent payments. If the financial condition of a specific tenant were to deteriorate resulting in an impairment of its ability to make payments, additional allowances may be required. At December 31, 2012, the balance in allowance for doubtful accounts was $132,000, recorded as a reduction to accounts receivable. At September 30, 2013, there was no balance in allowance for doubtful accounts. The Company records bad debt expense as a reduction of rental income. For the three and nine months ended September 30, 2012, the Company recorded bad debt expense of $16,000 and $56,000, respectively, in income from continuing operations and net recoveries of previously recognized bad debt expense of $116,000 and $173,000, respectively, in discontinued operations as a result of collections in the nine months ended September 30, 2012 from one tenant. For the three and nine months ended September 30, 2013, the Company did not incur any bad debt expense.

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- Definition The entire disclosure for allowance for credit losses. + References No definition available. + Details
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