XML 37 R27.htm IDEA: XBRL DOCUMENT v3.23.2
RELATED PARTY TRANSACTIONS (Tables)
6 Months Ended
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 Compensation2023202220232022
Payments for services rendered$67,500 $67,500 $135,000 $135,000 
Value of shares issued for services rendered82,500 82,500 165,000 165,000 
Total$150,000 $150,000 $300,000 $300,000 
Number of shares issued for services rendered5,500 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,
2023202220232022
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