XML 59 R50.htm IDEA: XBRL DOCUMENT v3.22.2.2
Note 12 - Segments - Operating Income by Segment (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Jun. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Rental, fees and other income $ 4,391,975     $ 4,376,179     $ 13,285,977 $ 14,891,517
Property and related expenses (1,434,225)     (1,414,518)     (4,365,781) (4,739,256)
General and administrative expenses (1,509,139)     (1,479,261)     (4,306,835) (4,361,297)
Depreciation and amortization (1,318,164)     (1,306,874)     (3,973,582) (4,104,018)
Interest expense (1,382,120)     (1,030,883)     (3,485,693) (3,822,313)
Gain on extinguishment of government debt 0     0     0 10,000
Other income (expense), net 590,586     (13,886)     757,318 (67,329)
Income tax expense (294,996)     (182,607)     (819,520) (471,506)
Gain on sale of real estate 1,307,258     627,322     4,057,527 2,060,336
Net income (loss) 351,175 $ 418,046 $ 380,190 (424,528) $ 1,775,736 $ (2,255,074) 1,149,411 (903,866)
Operating Segments [Member]                
Net operating income, as defined 2,957,750     2,961,661     8,920,196 9,852,261
Office/Industrial Properties [Member] | Operating Segments [Member]                
Rental, fees and other income 3,175,608     2,888,361     9,448,747 10,149,013
Property and related expenses (1,278,805)     (1,171,387)     (3,809,729) (4,288,142)
Net operating income, as defined 1,896,803     1,716,974     5,639,018 5,860,871
Model Home Properties [Member] | Operating Segments [Member]                
Rental, fees and other income 718,331     739,558     2,125,623 2,528,748
Property and related expenses (23,479)     (25,804)     (76,687) (106,304)
Net operating income, as defined 694,852     713,754     2,048,936 2,422,444
Retail Properties [Member] | Operating Segments [Member]                
Rental, fees and other income 498,038     748,312     1,722,723 2,213,808
Property and related expenses (131,943)     (217,379)     (490,481) (644,862)
Net operating income, as defined $ 366,095     $ 530,933     $ 1,232,242 $ 1,568,946