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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME - USD ($) | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Revenues |  |  |  |
Rental income | $ 3,070,871 | $ 2,968,263 | $ 8,967,371 | $ 8,857,845
Total revenues | 3,200,276 | 3,090,374 | 9,343,354 | 9,214,345
Expenses |  |  |  |
Property operations | 1,153,947 | 1,163,064 | 3,556,232 | 3,374,379
General and administrative | 762,000 | 683,629 | 2,457,551 | 2,172,965
Depreciation and amortization | 409,227 | 409,245 | 1,225,290 | 1,224,624
Business development | 2,012 | 5,903 | 4,287 | 11,152
Total expenses | 2,327,186 | 2,261,841 | 7,243,360 | 6,783,120
Operating income | 873,090 | 828,533 | 2,099,994 | 2,431,225
Other income (expense) |  |  |  |
Dividend and interest income | 68,703 | 66,906 | 211,030 | 194,960
Unrealized gain (loss) on marketable equity securities | 499,283 | (411,969) | 403,935 | (165,266)
Interest expense | (259,419) | (212,712) | (675,622) | (619,550)
Total other expense, net | 308,567 | (557,775) | (60,657) | (589,856)
Net income and comprehensive income | $ 1,181,657 | $ 270,758 | $ 2,039,337 | $ 1,841,369
Earnings per share |  |  |  |
Basic | $ 0.11 | $ 0.02 | $ 0.18 | $ 0.17
Diluted | $ 0.1 | $ 0.02 | $ 0.18 | $ 0.16
Weighted average shares outstanding |  |  |  |
Basic | 11,101,705 | 11,048,877 | 11,087,613 | 11,041,578
Diluted | 11,159,187 | 11,090,674 | 11,127,016 | 11,084,684
Other property related income |  |  |  |
Revenues |  |  |  |
Revenues | $ 111,618 | $ 103,676 | $ 323,957 | $ 293,788
Management fees and other income |  |  |  |
Revenues |  |  |  |
Revenues | $ 17,787 | $ 18,435 | $ 52,026 | $ 62,712

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