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Note 5 - Subsequent Event - Agreement to Purchase and Sell Real Estate
6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Subsequent Events [Text Block]
Note
5:
Subsequent Event – Agreement to Purchase and Sell Real Estate
 
On
July 13, 2017,
the Company entered into an Agreement to Purchase and Sell Real Estate (“Agreement”) to purchase approximate
44,000
square feet of rentable commercial real estate located in Sulphur, Louisiana from MAJ of Sulphur, L.L.C. for
$2,725,000.
The commercial real estate consists of
three
separate buildings located on
two
separate parcels of land. The Agreement’s terms and conditions include, but are
not
limited to:
 
 
90
-day feasibility period for the Company to determine, at its sole discretion, that these properties are suitable for its intended use.
 
 
Allows for an IRS
1031
Exchange, if elected, and
 
 
Final approval of the transaction by the Company’s board of directors.