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Note 5 - Lease Intangibles | 12 Months Ended
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Dec. 31, 2023
Notes to Financial Statements |
Intangible Assets Disclosure [Text Block] | 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:
|  | December 31, 2023 |  |  | December 31, 2022 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 2,515,264 |  |  | $ | (2,495,016 | ) |  | $ | 20,248 |  |  | $ | 2,515,264 |  |  | $ | (2,485,234 | ) |  | $ | 30,030 |
Leasing costs |  |  | 1,261,390 |  |  |  | (1,244,335 | ) |  |  | 17,055 |  |  |  | 1,261,390 |  |  |  | (1,236,591 | ) |  |  | 24,799 |
Above-market leases |  |  | 333,485 |  |  |  | (333,485 | ) |  |  | — |  |  |  | 333,485 |  |  |  | (333,485 | ) |  |  | — |
|  | $ | 4,110,139 |  |  | $ | (4,072,836 | ) |  | $ | 37,303 |  |  | $ | 4,110,139 |  |  | $ | (4,055,310 | ) |  | $ | 54,829 |
At December 31, 2023 and 2022, there were no gross lease intangible assets and accumulated amortization related to the lease intangible assets included in real estate assets held for sale. The net value of acquired intangible liabilities was approximately $13,266 and $18,240 relating to below-market leases at December 31, 2023 and December 31, 2022, respectively. Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:
2024 |  |  | 17,526 |
2025 |  |  | 15,670 |
2026 |  |  | 4,107 |
Total |  | $ | 37,303 |

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- Definition The entire disclosure for all or part of the information related to intangible assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 350 -SubTopic 30 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//350-30/tableOfContent + Details
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