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v3.20.2

SEGMENTS (Net Operating Income by Segment) (Details) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2020 USD ($) | Mar. 31, 2020 USD ($) | Jun. 30, 2019 USD ($) | Mar. 31, 2019 USD ($) | Jun. 30, 2020 USD ($) segment | Jun. 30, 2019 USD ($)
Net Operating Income [Abstract] |  |  |  |  |  |
Number of reportable segments | segment |  |  |  |  | 3 |
Rental, fees and other income | $ 6,121,404 |  | $ 7,120,987 |  | $ 13,150,555 | $ 14,300,251
Property and related expenses | (5,746,709) |  | (5,694,783) |  | (11,053,672) | (12,429,117)
Net operating income, as defined | 3,275,895 |  | 4,594,985 |  | 7,923,955 | 9,010,699
General and administrative expenses | (1,278,971) |  | (1,419,668) |  | (2,630,316) | (3,180,371)
Depreciation and amortization | (1,622,230) |  | (1,749,113) |  | (3,196,756) | (3,959,194)
Interest expense | (2,273,355) |  | (2,491,870) |  | (4,827,202) | (5,037,073)
Other income (expense), net | 8,400 |  | 4,409 |  | 1,405 | 9,933
Income tax expense | (51,369) |  | (191,809) |  | (135,000) | (273,239)
Gain on sale of real estate | 334,096 |  | 176,392 |  | 324,261 | 1,390,634
Net loss | (1,607,534) | $ (932,119) | (1,076,674) | $ (961,937) | (2,539,653) | (2,038,611)
Office/Industrial Properties |  |  |  |  |  |
Net Operating Income [Abstract] |  |  |  |  |  |
Rental, fees and other income | 4,198,849 |  | 5,496,096 |  | 9,183,790 | 10,950,249
Property and related expenses | (1,657,836) |  | (2,299,126) |  | (3,673,459) | (4,803,914)
Net operating income, as defined | 2,541,013 |  | 3,196,970 |  | 5,510,331 | 6,146,335
Model Home Properties |  |  |  |  |  |
Net Operating Income [Abstract] |  |  |  |  |  |
Rental, fees and other income | 1,093,015 |  | 1,001,918 |  | 2,209,745 | 2,083,602
Property and related expenses | (55,531) |  | (48,187) |  | (101,791) | (98,609)
Net operating income, as defined | 1,037,484 |  | 953,731 |  | 2,107,954 | 1,984,993
Retail Properties |  |  |  |  |  |
Net Operating Income [Abstract] |  |  |  |  |  |
Rental, fees and other income | 829,540 |  | 622,973 |  | 1,757,020 | 1,266,400
Property and related expenses | (1,132,142) |  | (178,689) |  | (1,451,350) | (387,029)
Net operating income, as defined | $ (302,602) |  | $ 444,284 |  | $ 305,670 | $ 879,371

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