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v3.22.0.1

TAXABLE INCOME AND TAX BASIS (Details) - USD ($) | 3 Months Ended | 12 Months Ended
--- | --- | ---
Dec. 31, 2021 | Sep. 30, 2021 | Jun. 30, 2021 | Mar. 31, 2021 | Dec. 31, 2020 | Sep. 30, 2020 | Jun. 30, 2020 | Mar. 31, 2020 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019
TAXABLE INCOME AND TAX BASIS |  |  |  |  |  |  |  |  |  |  |
Excess amount of statement income over taxable income |  |  |  |  |  |  |  |  | $ 6,756,000 |  |
Excess amount of cumulative statement basis over cumulative taxable basis | $ 10,946,000 |  |  |  |  |  |  |  | 10,946,000 |  |
Excess amount of statement income from joint venture investments over taxable income |  |  |  |  |  |  |  |  | 1,066,000 |  |
Reconciliation of GAAP net income to taxable income |  |  |  |  |  |  |  |  |  |  |
Financial statement ("book") net income | $ (2,900,489) | $ (75,385) | $ 569,891 | $ (294,180) | $ (970,022) | $ (439,284) | $ 1,465,051 | $ 1,368,783 | (2,700,163) | $ 1,424,528 | $ 6,547,252
Book/Tax differences from depreciation and amortization |  |  |  |  |  |  |  |  | 4,492,000 | 5,426,000 | (10,177,000)
Book/Tax differences on tax free exchanges |  |  |  |  |  |  |  |  | 1,181,000 | 1,201,000 | 1,223,000
Book/Tax differences from Investment Properties |  |  |  |  |  |  |  |  | (87,000) | (69,000) | 1,624,000
Increase (Decrease) in prepaid rent and allowances |  |  |  |  |  |  |  |  | (46,000) | 936,000 | 1,226,000
Business interest limitations |  |  |  |  |  |  |  |  |  |  | 1,596,000
Other items |  |  |  |  |  |  |  |  | 1,216,000 | (341,000) |
Taxable net income |  |  |  |  |  |  |  |  | $ 4,056,000 | $ 8,578,000 | $ 2,039,000

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