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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Sep. 30, 2021
Dec. 31, 2020
Real estate assets and lease intangibles:    
Land $ 18,082,521 $ 18,827,000
Buildings and improvements 110,786,670 115,409,423
Tenant improvements 12,466,083 11,960,018
Lease intangibles 4,110,139 4,110,139
Real estate assets and lease intangibles held for investment, cost 145,445,413 150,306,580
Accumulated depreciation and amortization (29,564,702) (26,551,789)
Real estate assets and lease intangibles held for investment, net 115,880,711 123,754,791
Real estate assets held for sale, net 10,006,947 42,499,176
Real estate assets, net 125,887,658 166,253,967
Cash, cash equivalents and restricted cash 27,816,296 11,540,917
Deferred leasing costs, net 1,258,134 1,927,951
Goodwill 2,423,000 2,423,000
Other assets, net 4,449,538 3,422,781
TOTAL ASSETS 161,834,626 185,568,616
Liabilities:    
Mortgage notes payable, net 86,061,131 94,664,266
Mortgage notes payable related to properties held for sale, net 194,549 25,365,430
Mortgage notes payable, total net 86,255,680 120,029,696
Note payable, net 7,500,086
Accounts payable and accrued liabilities 4,704,493 5,126,199
Accrued real estate taxes 1,508,006 2,548,686
Dividends payable preferred stock 179,685 0
Lease liability, net 82,439 102,323
Below-market leases, net 86,852 139,045
Total liabilities 92,817,155 135,446,035
Commitments and contingencies (Note 9)
Equity:    
Additional paid-in capital 185,727,368 156,463,146
Dividends and accumulated losses (128,207,540) (121,674,505)
Total stockholders' equity before noncontrolling interest 57,643,930 34,883,679
Noncontrolling interest 11,373,541 15,238,902
Total equity 69,017,471 50,122,581
TOTAL LIABILITIES AND EQUITY 161,834,626 185,568,616
Series D Preferred Stock [Member]    
Equity:    
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 920,000 and 0 shares issued and outstanding (liquidation preference $25.00 per share) as of September 30, 2021 and December 31, 2020, respectively 9,200 0
Common Class A [Member]    
Equity:    
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,490,230 shares and 9,508,363 shares were issued and outstanding at September 30, 2021 and December 31, 2020, respectively $ 114,902 $ 95,038