Note 10 - Credit Quality of Rents Receivable

12 Months Ended

Dec. 31, 2020

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 do

not

normally provide extensions 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. In accordance with generally accepted accounting principles, the Company identifies high risk collectibles, records them on a cash basis and does

not

include them in revenue or accounts receivable.

As of

December 31, 2020

and

2019,

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

Allowance for Doubtful Accounts	December 31, 2020		December 31, 2019
Beginning balance	$	-	$	13,000
Accounts receivable (written off)		-		(13,000	)
Ending Balance	$	-	$	-