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Note 3 - Deferred Costs and Intangible Assets

3 Months Ended

Mar. 31, 2022

Deferred Costs and Intangible Assets Disclosure [Text Block]

3. Deferred Costs and Intangible Assets

Deferred costs and intangible assets consist of the following:

	March 31, 2022			December 31, 2021
	(unaudited)
Deferred costs	$	348		$	348
Lease origination costs		1,210			1,191
In-place leases		428			428
Real estate tax abatements		9,142			9,142
Total deferred costs and intangible assets		11,128			11,109
Less accumulated amortization		(4,162	)		(3,983	)
Total deferred costs and intangible assets, net	$	6,966		$	7,126

Amortization of deferred costs, lease origination costs and in-place lease intangible assets was $59 and $56 for the three months ended March 31, 2022 and 2021, respectively; $10 of deferred costs were written off during the three months ended March 31, 2021, and are included in transaction pursuit costs in the consolidated statements of operations. Amortization of real estate tax abatements of $120 and $120 for the three months ended March 31, 2022 and 2021, respectively, is included in real estate taxes and insurance in the consolidated statements of operations.

Deferred costs and intangible assets as of March 31, 2022, amortize in future years as follows:

2022 (Remainder)	$	505
2023		575
2024		559
2025		548
2026		533
Thereafter		4,246
Total	$	6,966