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v3.23.3

Long-Term Debt (Details Narrative) - USD ($) | 1 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended |  |  |
--- | --- | --- | --- | --- | --- | --- | --- | ---
Mar. 31, 2021 | Sep. 30, 2023 | Sep. 30, 2022 | Jun. 30, 2023 | Sep. 30, 2023 | Sep. 30, 2022 | Dec. 31, 2019 | Dec. 31, 2022 | Mar. 19, 2021 | Feb. 06, 2019
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Outstanding letters of credit |  | $ 823,000 |  |  | $ 823,000 |  |  |  |  |
Principal sum |  | 178,668,000 |  |  | 178,668,000 |  |  | $ 178,557,000 |  |
Debt cost amortization |  | 37,000 | $ 37,000 |  | 111,000 | $ 111,000 |  |  |  |
Capitalized interest costs |  | $ 297,000 | $ 673,000 |  | $ 986,000 | $ 2,019,000 |  |  |  |
Dock 79 Loan [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Principal sum |  |  |  |  |  |  |  |  | $ 92,070,000 |
Fixed interest rate |  |  |  |  |  |  |  |  | 3.03% |
Debt description | Either loan may be prepaid subsequent to April 1, 2024, subject to yield maintenance premiums. Either loan may be transferred to a qualified buyer as part of a one-time sale subject to a 60% loan to value, minimum of 7.5% debt yield and a 0.75% transfer fee |  |  |  |  |  |  |  |  |
Maren [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Principal sum |  |  |  |  |  |  |  |  | $ 88,000,000 |
Fixed interest rate |  |  |  |  |  |  |  |  | 3.03% |
Debt description | Either loan may be prepaid subsequent to April 1, 2024, subject to yield maintenance premiums. Either loan may be transferred to a qualified buyer as part of a one-time sale subject to a 60% loan to value, minimum of 7.5% debt yield and a 0.75% transfer fee |  |  |  |  |  |  |  |  |
Wells Fargo Level I [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate spread |  |  |  | 1.50% |  |  |  |  |  |
Commitment fee |  |  |  |  | 0.25% |  |  |  |  |
Wells Fargo Level I I [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate spread |  | 0.75% |  | 1.25% |  |  |  |  |  |
Commitment fee |  |  |  |  | 0.20% |  |  |  |  |
Wells Fargo Level I I I [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Interest rate spread |  | 1.50% |  | 1.00% |  |  |  |  |  |
Commitment fee |  |  |  |  | 0.15% |  |  |  |  |
Wells Fargo [Member] |  |  |  |  |  |  |  |  |  |
Line of Credit Facility [Line Items] |  |  |  |  |  |  |  |  |  |
Revolver term |  |  |  |  |  |  | 5 years |  |  |
Maximum facility amount |  |  |  |  |  |  |  |  |  | $ 20,000,000
Outstanding revolver |  | $ 0 |  |  | $ 0 |  |  |  |  |
Outstanding letters of credit |  | 823,000 |  |  | 823,000 |  |  |  |  |
Available for borrowing |  | $ 19,177,000 |  |  | $ 19,177,000 |  |  |  |  |
Letter of credit fee |  |  |  |  | 1.00% |  |  |  |  |
Applicable interest rate |  | 6.10% |  |  | 6.10% |  |  |  |  |
Dividend limit |  | $ 249,000,000 |  |  | $ 249,000,000 |  |  |  |  |
Covenant compliance |  |  |  |  | all |  |  |  |  |

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