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RELATED PARTY TRANSACTIONS (Tables) | 6 Months Ended
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Jun. 30, 2023
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Total fees incurred and paid or accrued for board of directors' services to the Company for the three and six months ended June 30, 2023 and 2022 are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
Board of Directors Compensation |  | 2023 |  | 2022 |  | 2023 |  | 2022
Payments for services rendered |  | $ | 67,500 |  |  | $ | 67,500 |  |  | $ | 135,000 |  |  | $ | 135,000 |
Value of shares issued for services rendered |  | 82,500 |  |  | 82,500 |  |  | 165,000 |  |  | 165,000 |
Total |  | $ | 150,000 |  |  | $ | 150,000 |  |  | $ | 300,000 |  |  | $ | 300,000 |
Number of shares issued for services rendered |  | 5,500 |  |  | 4,666 |  |  | 13,261 |  |  | 9,265 |
The Company's taxable REIT subsidiary serves as the asset manager of the TIC Interest property and earned asset management fees, including the Company's share of the management fee, for the three and six months ended June 30, 2023 and 2022 as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2023 |  | 2022 |  | 2023 |  | 2022
TIC Interest management fee |  | $ | 65,993 |  |  | $ | 65,993 |  |  | $ | 131,986 |  |  | $ | 131,986 |
Company's share in the management fee |  | $ | 47,984 |  |  | $ | 47,984 |  |  | $ | 95,967 |  |  | $ | 95,967 |

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References No definition available. + Details
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