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LEASE INTANGIBLES | 9 Months Ended | 12 Months Ended
--- | --- | ---
Sep. 30, 2021 | Dec. 31, 2020
Goodwill and Intangible Assets Disclosure [Abstract] |  |
LEASE INTANGIBLES | 5. LEASE INTANGIBLES The following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible asset: SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS
|  | September 30, 2021 |  |  | December 31, 2020 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 2,515,264 |  |  | $ | (2,320,045 | ) |  | $ | 195,219 |  |  | $ | 3,136,587 |  |  | $ | (2,757,530 | ) |  | $ | 379,057 |
Leasing costs |  |  | 1,261,390 |  |  |  | (1,146,572 | ) |  |  | 114,818 |  |  |  | 1,730,656 |  |  |  | (1,510,559 | ) |  |  | 220,097 |
Above-market leases |  |  | 333,485 |  |  |  | (333,485 | ) |  |  | — |  |  |  | 333,485 |  |  |  | (291,421 | ) |  |  | 42,064 |
|  | $ | 4,110,139 |  |  | $ | (3,800,102 | ) |  | $ | 310,037 |  |  | $ | 5,200,728 |  |  | $ | (4,559,510 | ) |  | $ | 641,218 |
At September 30, 2021 and December 31, 2020, gross lease intangible assets of $0.0 and $1.1 million, respectively, were included in real estate assets held for sale. At September 30, 2021 and December 31, 2020, accumulated amortization related to the lease intangible assets of $0.0 and $1.1 million, respectively, were included in real estate assets held for sale. The net value of acquired intangible liabilities was approximately $86,852 and $139,045 relating to below-market leases at September 30, 2021 and December 31, 2020, respectively. Future aggregate approximate amortization expense for the Company’s lease intangible assets is as follows: SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE
2021 |  | $ | 52,866 |
2022 |  |  | 202,342 |
2023 |  |  | 17,526 |
2024 |  |  | 17,526 |
2025 |  |  | 15,670 |
Thereafter |  |  | 4,107 |
Total |  | $ | 310,037 |
| 5. LEASE INTANGIBLES Lease intangibles consist of the following: SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS
|  | December 31, 2020 |  |  | December 31, 2019 |
|  | Lease |  |  | Accumulated |  |  | Lease |  |  | Lease |  |  | Accumulated |  |  | Lease |
|  | Intangibles |  |  | Amortization |  |  | Intangibles, net |  |  | Intangibles |  |  | Amortization |  |  | Intangibles, net |
In-place leases |  | $ | 3,136,587 |  |  | $ | (2,757,530 | ) |  | $ | 379,057 |  |  | $ | 4,360,027 |  |  | $ | (3,283,027 | ) |  | $ | 1,077,000 |
Leasing costs |  |  | 1,730,656 |  |  |  | (1,510,559 | ) |  |  | 220,097 |  |  |  | 2,937,976 |  |  |  | (2,002,711 | ) |  |  | 935,265 |
Above-market leases |  |  | 333,485 |  |  |  | (291,421 | ) |  |  | 42,064 |  |  |  | 333,485 |  |  |  | (240,739 | ) |  |  | 92,746 |
|  | $ | 5,200,728 |  |  | $ | (4,559,510 | ) |  | $ | 641,218 |  |  | $ | 7,631,488 |  |  | $ | (5,526,477 | ) |  | $ | 2,105,011 |
As of December 31, 2020 and 2019, gross lease intangible assets of $1.1 million and $3.4 million, respectively, were included in real estate assets held for sale. As of December 31, 2020 and 2019, accumulated amortization related to the lease intangible assets of $1.1 million and $2.4 million, respectively, were included in real estate assets held for sale. The net value of acquired intangible liabilities was $0.1 million and $0.3 million relating to below-market leases as of December 31, 2020 and 2019, respectively. Aggregate approximate amortization expense for the Company’s lease intangible assets is as follows: SCHEDULE OF FINITE-LIVED INTANGIBLE ASSETS, FUTURE AMORTIZATION EXPENSE
2021 |  |  | $ | 372,484 |
2022 |  |  |  | 202,479 |
2023 |  |  |  | 17,663 |
2024 |  |  |  | 17,663 |
2025 |  |  |  | 17,663 |
Thereafter |  |  |  | 13,266 |
Total |  |  | $ | 641,218 |
The weighted average amortization period for the intangible assets as of December 31, 2020 was approximately 1.6 years. Lease intangible assets are amortized over the term of the related lease and included as a reduction of rental income in the Statement of Operations.

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -URI http://asc.fasb.org/topic&trid=2144416 + Details
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