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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues        
Rental income $ 2,983,039 $ 2,965,178 $ 5,896,500 $ 5,889,582
Total revenues 3,109,038 3,086,018 6,143,078 6,123,971
Expenses        
Property operations 1,171,169 1,089,977 2,402,285 2,211,315
General and administrative 892,822 809,623 1,695,550 1,489,335
Depreciation and amortization 409,136 408,538 816,064 815,379
Business development     2,275 5,249
Total expenses 2,473,127 2,308,138 4,916,174 4,521,278
Operating income 635,911 777,880 1,226,904 1,602,693
Other income (expense)        
Dividend and interest income 87,450 86,488 142,327 128,054
Unrealized gain (loss) on marketable equity securities 79,530 (115,347) (95,348) 246,703
Interest expense (211,361) (170,951) (416,203) (406,839)
Total other expense, net (44,381) (199,810) (369,224) (32,082)
Net income and comprehensive income $ 591,530 $ 578,070 $ 857,680 $ 1,570,611
Earnings per share        
Basic $ 0.05 $ 0.05 $ 0.08 $ 0.14
Diluted $ 0.05 $ 0.05 $ 0.08 $ 0.14
Weighted average shares outstanding        
Basic 11,087,539 11,041,503 11,080,489 11,037,868
Diluted 11,134,894 11,083,258 11,121,296 11,081,799
Other property related income        
Revenues        
Revenues $ 108,489 $ 98,375 $ 212,339 $ 190,112
Management fees and other income        
Revenues        
Revenues $ 17,510 $ 22,465 $ 34,239 $ 44,277