XML 65 R55.htm IDEA: XBRL DOCUMENT v3.25.2
Note 13 - Segments - Net Operating Income (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Rental revenue $ 3,565,831 $ 3,907,353 $ 7,155,342 $ 7,898,210
Recovery revenue 715,922 566,845 1,158,840 1,215,715
Other operating revenue 96,987 112,343 189,743 262,678
Total revenue 4,378,740 4,586,541 8,503,925 9,376,603
Rental operating costs 1,462,605 1,492,495 3,075,248 3,056,072
Net Operating Income (NOI) 2,916,135 3,094,046 5,428,677 6,320,531
Gain on Sale - Model Homes   811,903    
Adjusted NOI 3,148,725 3,804,704 5,875,223 8,953,736
Operating Segments [Member] | Retail Properties [Member]        
Rental revenue 93,574 390,812 300,013 773,696
Recovery revenue 0 84,441 56,439 192,372
Other operating revenue 0 600 400 63,174
Total revenue 93,574 475,853 356,852 1,029,242
Rental operating costs 4,824 156,640 105,392 296,595
Net Operating Income (NOI) 88,750 319,213 251,460 732,647
Adjusted NOI 88,750 319,213 251,460 732,647
Operating Segments [Member] | Office/Industrial Properties [Member]        
Rental revenue 2,452,956 2,408,910 4,920,507 4,773,051
Recovery revenue 715,922 482,404 1,102,401 1,023,343
Other operating revenue 64,893 59,703 127,255 116,143
Total revenue 3,233,771 2,951,017 6,150,163 5,912,537
Rental operating costs 1,549,497 1,462,471 3,167,862 3,008,035
Net Operating Income (NOI) 1,684,274 1,488,546 2,982,301 2,904,502
Adjusted NOI 1,684,274 1,488,546 2,982,301 2,904,502
Operating Segments [Member] | Model Home Properties [Member]        
Rental revenue 1,019,301 1,107,631 1,934,822 2,351,463
Recovery revenue 0 0 0 0
Other operating revenue 428 47,784 (1,326) 72,904
Total revenue 1,019,729 1,155,415 1,933,496 2,424,367
Rental operating costs 49,940 41,706 98,097 82,936
Net Operating Income (NOI) 969,789 1,113,709 1,835,399 2,341,431
Gain on Sale - Model Homes 323,359   564,258 2,829,998
Impairment of Model Homes (90,769) (101,245) (117,712) (196,793)
Adjusted NOI 1,202,379 1,824,367 2,281,945 4,974,636
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]        
Rental revenue 0 0 0 0
Recovery revenue 0 0 0 0
Other operating revenue 31,666 4,256 63,414 10,457
Total revenue 31,666 4,256 63,414 10,457
Rental operating costs (141,656) (168,322) (296,103) (331,494)
Net Operating Income (NOI) 173,322 172,578 359,517 341,951
Adjusted NOI $ 173,322 $ 172,578 $ 359,517 $ 341,951