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Note 14 - Related Party
 3 Months Ended
Mar. 31, 2024
Notes to Financial Statements  
Related Party Transactions Disclosure [Text Block]

14. RELATED PARTY

 

During the three months ended March 31, 2024 and 2023, the Company leased portions of its corporate headquarters to Puppy Toes, Inc., a company owned by the Chief Executive Officer and his wife, and to Centurion Counsel, Inc., which is owned by Puppy Toes, Inc.  Rent billed to these entities from the Company totaled $2,688  in both three month periods ended  March 31, 2024 and 2023, and is included in the rent paid by Presidio Property Trust to Genesis Plaza. 

 

Additionally, we receive full payroll reimbursement for employee services provided to Centurion Counsel and Puppy Toes, Inc. during the three months ended March 31, 2024 and 2023, which totaled approximately $35,916 and $40,304, respectively. These reimbursements were at cost and were not marked up or discounted. As of March 31, 2024 and December 31, 2023, we had  reimbursement receivable balances of approximately $21,667 and $52,879, which were paid in full during May 2024 and January 2024, respectively.