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Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUE        
Lease income from direct financing lease - railroad $ 228,750 $ 228,750 $ 457,500 $ 457,500
Rental income 735,441 262,528 1,238,643 525,055
Misc. income 10,931 4,333 66,367 7,649
TOTAL REVENUE 975,122 495,611 1,762,510 990,204
EXPENSES        
Amortization of intangible assets 59,284 59,285 118,569 118,570
General and administrative 104,166 102,273 253,500 218,048
Property tax 10,105 5,557 14,657 11,113
Depreciation Expense 29,612 56,262
Interest expense 292,202 115,038 587,682 231,770
TOTAL EXPENSES 495,369 282,153 1,030,670 579,501
NET INCOME 479,753 213,458 731,840 410,703
Preferred Stock Dividends (70,058) (70,058) (140,116) (140,116)
NET INCOME ATTRIBUTABLE TO COMMON SHARES $ 409,695 $ 143,400 $ 591,724 $ 270,587
Income Per Common Share:        
Basic $ 0.21 $ 0.08 $ 0.31 $ 0.14
Diluted $ 0.21 $ 0.08 $ 0.3 $ 0.14
Weighted Average Number of Shares Outstanding:        
Basic 1,912,939 1,870,192 1,906,126 1,870,165
Diluted 1,976,050 1,870,192 1,955,568 1,870,165
Cash dividend per Series A Preferred Share $ 0.48 $ 0.48 $ 0.97 $ 0.97