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SUBSEQUENT EVENTS | 9 Months Ended
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Sep. 30, 2025
SUBSEQUENT EVENTS |
SUBSEQUENT EVENTS | NOTE 15 – SUBSEQUENT EVENTS Subsequent events have been evaluated and except as noted below and previously disclosed herein, there were no other events relative to the consolidated financial statements that require additional disclosure. ​ Beachwood, Ohio Litigation ​ On October 30, 2025, in connection with the sale of the Beachwood, Ohio property (see Notes 5 and 7), the Company entered into an agreement pursuant to which it is to receive $1,300,000 from the settlement of the lawsuit captioned Eastgate LLC, et al. v. OLP Beachwood OH LLC, more fully described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2024 under the caption “Item 3. Legal Proceedings”. The Company expects to receive the settlement proceeds in November 2025, which will be recognized as Income on settlement of litigation on the consolidated statement of income for the year ending December 31, 2025.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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