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Note 12 - Segments (Tables)

3 Months Ended

Mar. 31, 2022

Notes Tables

Schedule of Segment Reporting Information, by Segment [Table Text Block]

		Three Months Ended March 31,
		2022				2021
Office/Industrial Properties:
Rental, fees and other income		$	3,122,888			$	3,942,805
Property and related expenses			(1,356,534	)			(1,854,272	)
Net operating income, as defined			1,766,354				2,088,533
Model Home Properties:
Rental, fees and other income			710,328				943,777
Property and related expenses			(27,768	)			(50,285	)
Net operating income, as defined			682,560				893,492
Retail Properties:
Rental, fees and other income			753,341				782,172
Property and related expenses			(212,587	)			(234,366	)
Net operating income, as defined			540,754				547,806
Reconciliation to net loss:
Total net operating income, as defined, for reportable segments			2,989,668				3,529,831
General and administrative expenses			(1,583,691	)			(1,537,265	)
Depreciation and amortization			(1,339,225	)			(1,428,934	)
Interest expense			(1,017,713	)			(1,584,394	)
Gain on extinguishment of government debt			—				10,000
Other income (expense), net			73,605				(32,785	)
Income tax expense			(265,239	)			(50,199	)
Gain (loss) on sale of real estate			1,522,785				(1,161,328	)
Net income (loss)		$	380,190			$	(2,255,074	)

Reconciliation of Assets from Segment to Consolidated [Table Text Block]

		March 31,				December 31,
Assets by Reportable Segment:		2022				2021
Office/Industrial Properties:
Land, buildings and improvements, net (1)		$	77,623,021			$	78,240,086
Total assets (2)		$	75,031,111			$	76,453,436
Model Home Properties:
Land, buildings and improvements, net (1)		$	32,864,698			$	34,089,046
Total assets (2)		$	32,039,086			$	31,047,202
Retail Properties:
Land, buildings and improvements, net (1)		$	16,324,264			$	25,693,239
Total assets (2)		$	17,092,627			$	27,579,469
Reconciliation to Total Assets:
Total assets for reportable segments		$	124,162,824			$	135,080,107
Other unallocated assets:
Cash, cash equivalents and restricted cash			14,221,188				6,738,345
Other assets, net			153,396,530				19,378,311
Total Assets		$	291,780,542			$	161,196,763

Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]

		For the Three Months Ended March 31,
Capital Expenditures by Reportable Segment		2022				2021
Office/Industrial Properties:
Capital expenditures and tenant improvements		$	319,737			$	100,765
Model Home Properties:
Acquisition of operating properties			2,427,890				—
Retail Properties:
Acquisition of operating properties			—				—
Capital expenditures and tenant improvements			—				—
Totals:
Acquisition of operating properties, net			2,427,890				—
Capital expenditures and tenant improvements			319,737				100,765
Total real estate investments		$	2,747,627			$	100,765

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