XML 21 R11.htm IDEA: XBRL DOCUMENT

Note 4 - Deferred Costs and Intangible Assets

3 Months Ended

Mar. 31, 2023

Deferred Costs and Intangible Assets Disclosure [Text Block]

4. Deferred Costs and Intangible Assets

Deferred costs and intangible assets consist of the following:

	March 31, 2023			December 31, 2022
	(unaudited)
Deferred costs	$	348		$	348
Lease origination costs		1,430			1,376
In-place leases		428			428
Real estate tax abatements		9,142			9,142
Total deferred costs and intangible assets		11,348			11,294
Less accumulated amortization		(4,816	)		(4,670	)
Total deferred costs and intangible assets, net	$	6,532		$	6,624

Amortization of deferred costs, lease origination costs and in-place lease intangible assets was $26 and $59 for the three months ended March 31, 2023 and 2022, respectively; Amortization of real estate tax abatements of $120 and $120 for the three months ended March 31, 2023 and 2022, respectively is included in real estate taxes and insurance in the consolidated statements of operations.

Deferred costs and intangible assets as of March 31, 2023, amortize in future years as follows:

2023 (Remainder)	$	585
2024		571
2025		560
2026		544
2027		532
Thereafter		3,740
Total	$	6,532