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v3.20.2

SIGNIFICANT ACCOUNTING POLICIES (Detail) |  | 3 Months Ended | 12 Months Ended
--- | --- | --- | ---
Feb. 05, 2020 USD ($) | Mar. 31, 2020 USD ($) Property | Mar. 31, 2019 USD ($) | Dec. 31, 2019 USD ($) $ / shares shares | Dec. 31, 2018 USD ($) $ / shares shares
Significant Account Policies [Line Items] |  |  |  |  |
Cash equivalents |  | $ 6,100,000 |  | $ 5,700,000 |
Restricted cash |  | $ 2,900,000 |  | 4,700,000 |
Number of real estate properties held for sale | Property |  | 3 |  |  |
Asset impairment charge |  | $ 0 |  |  | $ 532,951
Amortization of above and below market rents |  |  |  | $ 131,000 | 826,000
Remaining term of in-place leases (in years) |  |  |  | 10 years |
Amortization expense related to in-place leases, unamortized lease origination costs and tenant relationships |  |  |  | $ 413,000 | 569,000
Impairment of definite lived assets |  |  |  | 274,000 | 415,000
Impairment of indefinite lived assets |  |  |  | 0 | 0
Impairment of goodwill |  |  |  | 0 | 0
Depreciation expense |  |  |  | 7,400,000 | 9,100,000
Cash balances may exceed federally insured limit |  |  |  | 250,000 |
Deposits in financial institutions that exceeded the federally insurable limits |  |  |  | 8,600,000 |
Loss on federal deposit insurance corporation |  |  |  | 0 |
Allowance for uncollectible accounts |  |  |  | 21,000 | 60,000
Net deferred leasing costs |  |  |  | 2,054,000 | 2,097,000
Amortization of deferred leasing costs |  |  |  | 646,000 | 510,000
Unamortized deferred financing costs |  |  |  | 1,066,000 | 1,427,000
Amortization of financing costs |  | $ 363,183 | $ 227,374 | $ 965,239 | $ 675,087
Percentage of distributed taxable income to qualify as REIT |  | 90.00% |  | 90.00% |
Income tax description |  | We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code ("Code"), for federal income tax purposes. To maintain our qualification as a REIT, we are required to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. |  | We have elected to be taxed as a REIT under Sections 856 through 860 of the Internal Revenue Code (the "Code"), for federal income tax purposes. To maintain our qualification as a REIT, we are required to distribute at least 90% of our REIT taxable income to our stockholders and meet the various other requirements imposed by the Code relating to such matters as operating results, asset holdings, distribution levels and diversity of stock ownership. |
Basic and diluted net income (loss) per share | $ / shares |  |  |  | $ (0.07) | $ 0.38
Anti-dilutive shares included in computation of diluted earnings per share | shares |  |  |  |  | 366,972
Anti-dilutive shares excluded from computation of diluted earnings per share | shares |  |  |  | 373,259 |
Gain (loss) on sale of property |  |  |  | $ 6,300,000 |
Right-of-use assets |  |  |  | 661,000 |
Lease liabilities |  |  |  | 661,000 |
Mortgage Payable |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Amortization of financing costs |  |  |  | 470,000 | $ 529,000
Polar Multi Strategy Master Fund | Notes Payable to Banks |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Unamortized deferred financing costs |  |  |  | 748,000 |
Amortization of financing costs |  | $ 280,000 |  | 373,000 |
Series B Preferred Stock |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Unamortized deferred financing costs |  |  |  | 0 | 122,000
Series B Preferred Stock | Mortgage Payable |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Amortization of financing costs |  |  |  | $ 122,000 | 147,000
Building and Building Improvements |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Estimated useful life |  |  |  | 39 years |
Assets Leased to Others | Minimum |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Estimated useful life |  |  |  | 1 year |
Assets Leased to Others | Maximum |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Estimated useful life |  |  |  | 10 years |
Furniture and Fixtures | Minimum |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Estimated useful life |  |  |  | 4 years |
Furniture and Fixtures | Maximum |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Estimated useful life |  |  |  | 5 years |
Waterman Plaza |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Asset impairment charge |  |  |  | $ 0 | $ 533,000
Centennial Tech Center | Subsequent Event |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Proceeds from sale of property | $ 15,000,000 |  |  |  |
Gain (loss) on sale of property | $ 4,300,000 |  |  |  |
Federal |  |  |  |  |
Significant Account Policies [Line Items] |  |  |  |  |
Net operating losses carry-forwards |  |  |  | $ 3,900,000 |

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- Definition This element represents the amortization of deferred leasing fees incurred by the lessor and amortized over the term of the lease. Such fees represent (a) costs to originate a lease incurred in transactions with independent third parties that (i) result directly from and are essential to acquire that lease and (ii) would not have been incurred had that leasing transaction not occurred and (b) certain costs directly related to specified activities performed by the lessor for that lease. Those activities are: evaluating the prospective lessee's financial condition; evaluating and recording guarantees, collateral, and other security arrangements; negotiating lease terms; preparing and processing lease documents; and closing the transaction. + References Reference 1: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3) -URI http://asc.fasb.org/extlink&oid=116634182&loc=SL114868664-224227 Reference 3: http://fasb.org/us-gaap/role/ref/otherTransitionRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 25 -Paragraph 17 -URI http://asc.fasb.org/extlink&oid=77902619&loc=d3e40246-112709 + Details
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- Definition The aggregate expense charged against earnings to allocate the cost of intangible assets (nonphysical assets not used in production) in a systematic and rational manner to the periods expected to benefit from such assets. As a noncash expense, this element is added back to net income when calculating cash provided by or used in operations using the indirect method. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 50 -Paragraph 2 -Subparagraph (a)(2) -URI http://asc.fasb.org/extlink&oid=66006027&loc=d3e16323-109275 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 30 -Section 45 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6388964&loc=d3e16225-109274 + Details
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- Definition Securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) or earnings per unit (EPU) in the future that were not included in the computation of diluted EPS or EPU because to do so would increase EPS or EPU amounts or decrease loss per share or unit amounts for the period presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6371337&loc=d3e3550-109257 + Details
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- Definition Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.1) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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- Definition The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation. + References No definition available. + Details
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- Definition The carrying amount of deferred costs. + References No definition available. + Details
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- Definition The amount of net income or loss for the period per each share in instances when basic and diluted earnings per share are the same amount and reported as a single line item on the face of the financial statements. Basic earnings per share is the amount of net income or loss for the period per each share of common stock or unit outstanding during the reporting period. Diluted earnings per share includes the amount of net income or loss for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 45 -Paragraph 7 -URI http://asc.fasb.org/extlink&oid=117326831&loc=d3e1337-109256 + Details
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 3 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=109226691&loc=d3e2941-110230 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 230 -SubTopic 10 -Section 45 -Paragraph 28 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=118932676&loc=d3e3602-108585 Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 45 -Paragraph 5 -URI http://asc.fasb.org/extlink&oid=109226348&loc=d3e2443-110228 + Details
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- Definition Amount of lessee's right to use underlying asset under operating lease. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 45 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=77888419&loc=SL77918627-209977 + Details
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