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v3.25.1

Note 13 - Segments - Net Operating Income (Details) - USD ($) | 1 Months Ended | 12 Months Ended
--- | --- | ---
Jul. 31, 2024 | Dec. 31, 2024 | Dec. 31, 2023
Rental revenue |  | $ 15,742,091 | $ 14,631,849
Recovery revenue |  | 2,781,722 | 2,760,548
Other operating revenue |  | 401,462 | 243,217
Total revenue |  | 18,925,275 | 17,635,614
Rental operating costs |  | 6,256,077 | 5,962,918
Net Operating Income (NOI) |  | 12,669,198 | 11,672,696
Impairments | $ (700,000) | (1,784,311) | (2,398,097)
Adjusted NOI |  | 15,689,396 | 14,480,912
Operating Segments [Member] | Retail Properties [Member] |  |  |
Rental revenue |  | 1,595,464 | 1,488,167
Recovery revenue |  | 463,158 | 393,612
Other operating revenue |  | 62,041 | 2,551
Total revenue |  | 2,120,663 | 1,884,330
Rental operating costs |  | 608,667 | 537,389
Net Operating Income (NOI) |  | 1,511,996 | 1,346,941
Adjusted NOI |  | 1,511,996 | 1,346,941
Operating Segments [Member] | Office/Industrial Properties [Member] |  |  |
Rental revenue |  | 9,778,458 | 9,000,917
Recovery revenue |  | 2,318,564 | 2,366,936
Other operating revenue |  | 241,530 | 207,102
Total revenue |  | 12,338,552 | 11,574,955
Rental operating costs |  | 6,136,564 | 5,901,042
Net Operating Income (NOI) |  | 6,201,988 | 5,673,913
Adjusted NOI |  | 6,201,988 | 5,673,913
Operating Segments [Member] | Model Home Properties [Member] |  |  |
Rental revenue |  | 4,368,169 | 4,142,765
Recovery revenue |  | 0 | 0
Other operating revenue |  | 68,084 | (10,636)
Total revenue |  | 4,436,253 | 4,132,129
Rental operating costs |  | 171,621 | 156,493
Net Operating Income (NOI) |  | 4,264,632 | 3,975,636
Gain on Sale - Model Homes |  | 3,426,572 | 3,240,200
Impairments |  | (406,374) | (431,984)
Adjusted NOI |  | 7,284,830 | 6,783,852
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member] |  |  |
Rental revenue |  | 0 | 0
Recovery revenue |  | 0 | 0
Other operating revenue |  | 29,807 | 44,200
Total revenue |  | 29,807 | 44,200
Rental operating costs |  | (660,775) | (632,006)
Net Operating Income (NOI) |  | 690,582 | 676,206
Adjusted NOI |  | $ 690,582 | $ 676,206

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