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Allowance for Doubtful Accounts
3 Months Ended
Mar. 31, 2014
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 March 31, 2014 and December 31, 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 months ended March 31, 2014 and 2013, the Company did not incur any bad debt expense.