XML 41 R31.htm IDEA: XBRL DOCUMENT v3.24.3
RELATED PARTY TRANSACTIONS (Tables)
9 Months Ended
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 Compensation2024202320242023
Payments for services rendered$62,500 $57,500 $182,500 $192,500 
Value of shares issued for services rendered75,000 70,000 210,000 235,000 
Total$137,500 $127,500 $392,500 $427,500 
Number of shares issued for services rendered4,464 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,
2024202320242023
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