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RELATED PARTY TRANSACTIONS (Tables) | 9 Months Ended
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Sep. 30, 2024
Related Party Transactions [Abstract] |
Schedule of Related Party Transactions | Total fees incurred and paid or accrued by the Company for board of directors' services for the three and nine months ended September 30, 2024 and 2023 are as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
Board of Directors Compensation |  | 2024 |  | 2023 |  | 2024 |  | 2023
Payments for services rendered |  | $ | 62,500 |  |  | $ | 57,500 |  |  | $ | 182,500 |  |  | $ | 192,500 |
Value of shares issued for services rendered |  | 75,000 |  |  | 70,000 |  |  | 210,000 |  |  | 235,000 |
Total |  | $ | 137,500 |  |  | $ | 127,500 |  |  | $ | 392,500 |  |  | $ | 427,500 |
Number of shares issued for services rendered |  | 4,464 |  |  | 4,194 |  |  | 13,258 |  |  | 17,455 |
TIC Interest. The management fee income is presented as part of total income in the Company’s statements of operations. The related Santa Clara property management fee expense is included as a reduction in the income from unconsolidated investment in a real estate property. Amounts of each for the three and nine months ended September 30, 2024 and 2023 are as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
Management fee income from TIC Interest |  | $ | 65,993 |  |  | $ | 65,991 |  |  | $ | 197,979 |  |  | $ | 197,978 |
Company's share in TIC management fee expense |  | $ | 47,984 |  |  | $ | 47,982 |  |  | $ | 143,951 |  |  | $ | 143,951 |

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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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