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Note 5 - Lease Intangibles 1 (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2020

Dec. 31, 2019

Notes Tables

Schedule of Finite-Lived Intangible Assets [Table Text Block]

		June 30, 2020												December 31, 2019
		Lease Intangibles				Accumulated Amortization				Lease Intangibles, net				Lease Intangibles				Accumulated Amortization				Lease Intangibles, net
In-place leases		$	3,186,889			$	(2,667,835	)		$	519,054			$	4,360,027			$	(3,283,027	)		$	1,077,000
Leasing costs			1,800,922				(1,500,149	)			300,773				2,937,976				(2,002,711	)			935,265
Above-market leases			333,485				(266,080	)			67,405				333,485				(240,739	)			92,746
		$	5,321,296			$	(4,434,064	)		$	887,232			$	7,631,488			$	(5,526,477	)		$	2,105,011

		December 31, 2019												December 31, 2018
		Lease Intangibles				Accumulated Amortization				Lease Intangibles, net				Lease Intangibles				Accumulated Amortization				Lease Intangibles, net
In-place leases		$	4,360,027			$	(3,283,027	)		$	1,077,000			$	4,958,477			$	(3,467,781	)		$	1,490,696
Leasing costs			2,937,976				(2,002,711	)			935,265				3,628,080				(2,405,514	)			1,222,566
Above-market leases			333,485				(240,739	)			92,746				439,878				(291,666	)			148,212
		$	7,631,488			$	(5,526,477	)		$	2,105,011			$	9,026,435			$	(6,164,961	)		$	2,861,474

Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]

Nine months remaining in 2020		$	265,169
Years ending December 31:
2021			372,484
2022			202,479
2023			17,663
2024			17,663
Thereafter			11,774
Total		$	887,232

Year ending December 31,
2020		$	687,974
2021			510,215
2022			360,116
2023			173,785
2024			118,989
Thereafter			253,932
Total		$	2,105,011

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- Definition

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