XML 56 R45.htm IDEA: XBRL DOCUMENT v3.23.1
Note 10 - Stockholders' Equity (Details Textual)
 4 Months Ended 12 Months Ended 131 Months Ended
Jul. 12, 2021
$ / shares
shares
Jun. 17, 2021
USD ($)
shares
Jun. 17, 2021
USD ($)
shares
Jun. 15, 2021
USD ($)
$ / shares
shares
Jan. 23, 2012
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Dec. 31, 2021
USD ($)
$ / shares
shares
Dec. 31, 2022
USD ($)
$ / shares
shares
Sep. 15, 2022
USD ($)
Jan. 24, 2022
$ / shares
Jan. 21, 2022
$ / shares
Sep. 17, 2021
USD ($)
Aug. 31, 2021
$ / shares
shares
Preferred Stock, Shares Authorized (in shares) | shares             1,000,000   1,000,000          
Shares Issued, Price Per Share (in dollars per share) | $ / shares         $ 19.00                  
Proceeds from Issuance of Preferred Stock and Preference Stock | $             $ 0 $ 20,489,803            
Maximum Individual Common Stock Ownership, Percentage             9.80%   9.80%          
Number of Limited Partnerships in which Company is Sole General Partner             5              
Registered Shares of Common Stock Pursuant to Dividend Reinvestment Plan (in shares) | shares         3,000,000                  
Common Stock, Percentage of Purchase Price Per Share         95.00%                  
Payment of Sales, Commission or Dealer Manager Fee | $         $ 0                  
Notice Period for Amendments to Dividend Reinvestment Plan (Day)         30 days                  
Stock Issued During Period, Value, Dividend Reinvestment Plan | $                 $ 17,400,000          
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares) | shares                 917,074          
Commercial Property [Member] | Partially Owned Properties [Member]                            
Number of Real Estate Properties             2   2          
Class A Common Stock and Accompanying Common Stock Warrants [Member]                            
Shares Issued, Price Per Share (in dollars per share) | $ / shares $ 5.00                          
Class A Common Stock and Accompanying Pre-funded Warrants [Member]                            
Shares Issued, Price Per Share (in dollars per share) | $ / shares $ 4.99                          
Common Stock Warrants [Member]                            
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares 2,000,000                          
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares $ 5.50                         $ 5.50
Warrants and Rights Outstanding, Term (Year) 5 years                         5 years
Pre-funded Warrants [Member]                            
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares 1,000,000                          
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares $ 0.01                         $ 0.01
Placement Agent Warrants [Member]                            
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares                           80,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares                           $ 6.25
Warrants and Rights Outstanding, Term (Year)                           5 years
Class of Warrant or Right, Securities Called By Warrants or Rights, Percentage of Class of Stock                           4.00%
Common Stock Warrants and Placement Agent Warrants [Member]                            
Class of Warrant or Right, Exercised During Period (in shares) | shares             0              
Series A Warrants [Member]                            
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares             $ 7.00   $ 7.00   $ 0.17 $ 7.00    
Warrants and Rights Outstanding, Term (Year)                       5 years    
Series D Preferred Stock [Member]                            
Preferred Stock, Shares Authorized (in shares) | shares           1,000,000 1,000,000 1,000,000 1,000,000          
Stock Issued During Period, Shares, New Issues (in shares) | shares   920,000 920,000 800,000                    
Shares Issued, Price Per Share (in dollars per share) | $ / shares       $ 25.00                    
Proceeds from Issuance of Preferred Stock and Preference Stock | $   $ 20,500,000 $ 20,500,000 $ 18,100,000                    
Preferred Stock, Dividend Rate, Percentage       9.375%     9.375%              
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares           $ 25.00 $ 25.00 $ 25.00 $ 25.00          
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) | $ / shares             $ 2.34375              
Preferred Stock, Number of Board of Directors Entitled to Vote if Dividends not Paid for 18 Monthly Dividend Periods             2   2          
Preferred Stock, Percentage of Outstanding Shares Required to Authorize Senior Ranking Stock             66.67%   66.67%          
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares             $ 25.00   $ 25.00          
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares             $ 2.34372 $ 1.27603            
Payments of Dividends, Total | $             $ 2,200,000 $ 1,200,000            
Stock Repurchase Program, Authorized Amount | $                   $ 4,000,000.0        
Stock Repurchased During Period, Shares (in shares) | shares             6,013              
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares             $ 20.31              
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares             $ 0.035              
Stock Repurchased During Period, Value | $             $ 122,141              
Series D Preferred Stock [Member] | Monthly Dividends [Member]                            
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares             $ 0.19531              
Series D Preferred Stock [Member] | Over-Allotment Option [Member]                            
Stock Issued During Period, Shares, New Issues (in shares) | shares   120,000                        
Proceeds from Issuance of Preferred Stock and Preference Stock | $   $ 2,700,000                        
Option to Purchase Additional Shares, Period (Day)       45 days                    
Common Class A [Member]                            
Stock Issued During Period, Shares, New Issues (in shares) | shares 1,000,000                          
Payments of Dividends, Total | $             $ 3,100,000 $ 4,500,000            
Common Stock, Shares Authorized (in shares) | shares           100,000,000 100,000,000 100,000,000 100,000,000          
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares           $ 0.01 $ 0.01 $ 0.01 $ 0.01          
Common Stock, Shares, Issued, Total (in shares) | shares           11,599,720 11,655,583 11,599,720 11,655,583          
Stock Repurchase Program, Authorized Amount | $                   $ 6,000,000.0     $ 10,000,000  
Stock Repurchased During Period, Shares (in shares) | shares             196,631 29,721            
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares             $ 1.59 $ 3.7223            
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares             $ 0.035 $ 0.035            
Stock Repurchased During Period, Value | $           $ 110,631 $ 313,578              
Common Class B [Member]                            
Common Stock, Shares Authorized (in shares) | shares             1,000   1,000          
Common Class C [Member]                            
Common Stock, Shares Authorized (in shares) | shares             9,000,000   9,000,000          
Common Stock, Shares, Issued, Total (in shares) | shares             0   0          
Common Stock, Number of Entitled Votes             1   1