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Note 10 - Credit Quality of Rents Receivable

12 Months Ended

Dec. 31, 2019

Notes to Financial Statements

Loans, Notes, Trade and Other Receivables Disclosure [Text Block]

10. Credit Quality of Rents Receivable

The Company’s standard lease terms include rent due on the

first

of the month. The Company credit terms extend a standard

ten

-day grace period across its tenant portfolio and in

no

event are credit terms extended beyond

one

year.

The Company manages its billing and collection process internally to enable timely identification of collection issues. The controls and related processes enable the Company to timely identify and establish payment plans to minimize material losses from defaults.

As of

December 31, 2019

and

2018,

respectively, the Company’s allowance for doubtful accounts reflected the following activity:

Allowance for Doubtful Accounts		December 31, 2019				December 31, 2018
Beginning balance		$	13,000			$	34,000
Accounts receivable (written off)			(13,000	)			(21,000	)
Ending Balance		$	-			$	13,000

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- References

No definition available.

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- Definition

The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 310
-SubTopic 10
-URI http://asc.fasb.org/subtopic&trid=2196772

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