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Note 12 - Segments (Tables)

12 Months Ended

Dec. 31, 2022

Notes Tables

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

		Year Ended December 31,
		2022				2021
Office/Industrial Properties:
Rental, fees and other income		$	12,702,986			$	13,161,268
Property and related expenses			(5,148,110	)			(5,769,843	)
Net operating income, as defined			7,554,876				7,391,425
Model Home Properties:
Rental, fees and other income			2,909,871				3,211,149
Property and related expenses			(102,660	)			(129,389	)
Net operating income, as defined			2,807,211				3,081,760
Retail Properties:
Rental, fees and other income			2,224,479				3,023,316
Property and related expenses			(663,681	)			(1,056,581	)
Net operating income, as defined			1,560,798				1,966,735
Reconciliation to net income (loss):
Total net operating income, as defined, for reportable segments			11,922,885				12,439,920
General and administrative expenses			(6,163,816	)			(6,225,510	)
Depreciation and amortization			(5,465,015	)			(5,397,498	)
Interest expense			(4,712,487	)			(4,822,085	)
Gain on extinguishment of government debt			—				10,000
Other income (expense), net			2,039,922				(3,417	)
Income tax expense			(1,215,873	)			47,620
Gain on sale of real estate			5,079,912				2,487,528
Net income (loss)		$	1,485,528			$	(1,463,442	)

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

		December 31,				December 31,
Assets by Reportable Segment:		2022				2021
Office/Industrial Properties:
Land, buildings and improvements, net (1)		$	76,400,983			$	78,240,086
Total assets (2)		$	79,057,998			$	76,453,436
Model Home Properties:
Land, buildings and improvements, net (1)		$	37,933,824			$	34,089,046
Total assets (2)		$	35,274,545			$	31,047,202
Retail Properties:
Land, buildings and improvements, net (1)		$	16,142,613			$	25,693,239
Total assets (2)		$	16,810,627			$	27,579,469
Reconciliation to Total Assets:
Total assets for reportable segments		$	131,143,170			$	135,080,107
Other unallocated assets:
Cash, cash equivalents and restricted cash			8,570,121				6,738,345
Other assets, net			151,638,363				19,378,311
Total Assets		$	291,351,654			$	161,196,763

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

		For the Year Ended December 31,
Capital Expenditures by Reportable Segment		2022				2021
Office/Industrial Properties:
Acquisition of operating properties		$	—			$	8,891,810
Capital expenditures and tenant improvements			1,994,371				1,513,362
Model Home Properties:
Acquisition of operating properties			15,673,575				8,426,750
Retail Properties:
Acquisition of operating properties			—				4,906,266
Capital expenditures and tenant improvements			113,134				83,824
Totals:
Acquisition of operating properties, net			15,673,575				22,224,826
Capital expenditures and tenant improvements			2,107,505				1,597,186
Total real estate investments		$	17,781,080			$	23,822,012

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