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Note 13 - Segments - Operating Income by Segment (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Jun. 30, 2024
Mar. 31, 2024
Sep. 30, 2023
Jun. 30, 2023
Mar. 31, 2023
Sep. 30, 2024
Sep. 30, 2023
Rental, fees and other income $ 4,723,374     $ 4,484,174     $ 14,099,976 $ 13,149,538
Property and related expenses (1,598,015)     (1,478,479)     (4,654,087) (4,452,628)
General and administrative expenses (1,629,919)     (1,635,610)     (5,917,286) (5,413,413)
Depreciation and amortization (1,455,882)     (1,351,705)     (4,158,270) (4,054,109)
Impairment of real estate assets (697,146)     0     (893,939) 0
Interest expense (1,473,528)     (1,375,199)     (4,514,579) (3,579,381)
Loss on Conduit Pharmaceuticals marketable securities (3,932,770)     (17,682,154)     (17,821,437) (17,682,154)
Gain on deconsolidation of SPAC (see footnote 9) 0     40,321,483     0 40,321,483
Other income, net 5,263     254,486     15,116 1,394,687
Income tax expense (6,911)     (134,620)     (167,496) (632,147)
Gain on sale of real estate 361,151     757,285     3,191,149 2,294,574
Net income (loss) (5,704,383) $ (11,378,675) $ (3,737,795) 22,159,661 $ (204,752) $ (608,459) (20,820,853) 21,346,450
Operating Segments [Member]                
Net operating income, as defined 3,125,359     3,005,695     9,445,889 8,696,910
Office/Industrial Properties [Member] | Operating Segments [Member]                
Rental, fees and other income 3,208,628     2,928,103     9,131,620 8,810,167
Property and related expenses (1,418,979)     (1,303,654)     (4,095,521) (3,966,587)
Net operating income, as defined 1,789,649     1,624,449     5,036,099 4,843,580
Model Home Properties [Member] | Operating Segments [Member]                
Rental, fees and other income 1,002,831     1,093,778     3,427,200 2,970,940
Property and related expenses (38,215)     (44,201)     (121,151) (121,998)
Net operating income, as defined 964,616     1,049,577     3,306,049 2,848,942
Retail Properties [Member] | Operating Segments [Member]                
Rental, fees and other income 511,915     457,292     1,541,156 1,396,160
Property and related expenses (140,821)     (125,623)     (437,415) (391,772)
Net operating income, as defined $ 371,094     $ 331,669     $ 1,103,741 $ 1,004,388