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Note 5 - Lease Intangibles | 6 Months Ended
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Jun. 30, 2025
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:
|  | June 30, 2025 |  |  | December 31, 2024 |
|  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |  |  | Lease Intangibles |  |  | Accumulated Amortization |  |  | Lease Intangibles, net |
In-place leases |  | $ | 2,377,414 |  |  | $ | (2,371,840 | ) |  | $ | 5,574 |  |  | $ | 2,515,264 |  |  | $ | (2,504,799 | ) |  | $ | 10,465 |
Leasing costs |  |  | 1,098,117 |  |  |  | (1,092,677 | ) |  |  | 5,440 |  |  |  | 1,261,390 |  |  |  | (1,252,078 | ) |  |  | 9,312 |
Above-market leases |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 333,485 |  |  |  | (333,485 | ) |  |  | — |
|  | $ | 3,475,531 |  |  | $ | (3,464,517 | ) |  | $ | 11,014 |  |  | $ | 4,110,139 |  |  | $ | (4,090,362 | ) |  | $ | 19,777 |
At June 30, 2025 and December 31, 2024, 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 $5,803 and $8,625 relating to below-market leases at June 30, 2025 and December 31, 2024, respectively. Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows:
Years ending December 31: |  |  |  |
2025 |  | $ | 6,910 |
2026 |  |  | 4,104 |
Total |  | $ | 11,014 |

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