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Note 6 - Other Assets | 9 Months Ended
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Sep. 30, 2021
Notes to Financial Statements |
Other Assets Disclosure [Text Block] | 6. OTHER ASSETS Other assets consist of the following:
|  | September 30, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
Deferred rent receivable |  | $ | 1,644,276 |  |  | $ | 1,912,048 |
Prepaid expenses, deposits and other |  |  | 273,585 |  |  |  | 215,946 |
Investment in marketable securities |  |  | 1,670,693 |  |  |  | 83,241 |
Accounts receivable, net |  |  | 363,104 |  |  |  | 541,885 |
Right-of-use assets, net |  |  | 81,637 |  |  |  | 102,144 |
Other intangibles, net |  |  | 97,483 |  |  |  | 142,483 |
Notes receivable |  |  | 316,374 |  |  |  | 316,374 |
Deferred offering costs |  |  | 2,386 |  |  |  | 108,660 |
Total other assets |  | $ | 4,449,538 |  |  | $ | 3,422,781 |
As of September 30, 2021, we owned common shares of 17 different publicly traded REITs and options in six of those same REITs. As of September 30, 2021, the fair value of these shares was approximately $1.6 million based on the September 30, 2021 closing price. As of December 31, 2020, we owned common shares and options of two different publicly traded REITs a money market account with a closing market value of approximately $83,000. These shares are presented at fair value as “marketable securities” on our consolidated balance sheets and the gains and losses resulting from the mark-to-market of these securities are recognized in current period earnings.

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