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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues        
Rental income $ 2,608,664 $ 2,237,424 $ 7,402,570 $ 6,521,176
Total revenues 2,730,518 2,345,909 7,747,227 6,819,665
Expenses        
Property operations 940,372 907,350 2,831,693 2,698,639
General and administrative 594,547 564,162 1,804,371 1,822,353
Depreciation and amortization 409,763 509,219 1,221,938 1,527,901
Business development 1,797 471 6,635 10,528
Total expenses 1,946,479 1,981,202 5,864,637 6,059,421
Operating income 784,039 364,707 1,882,590 760,244
Other income (expense)        
Dividend and interest income 19,533 17,648 56,396 62,017
Unrealized gain on marketable equity securities 81,992 245,571 791,189 27,402
Interest expense (256,502) (290,802) (828,567) (891,107)
Total other income (expense), net (154,977) (27,583) 19,018 (801,688)
Net income (loss) and comprehensive income (loss) $ 629,062 $ 337,124 $ 1,901,608 $ (41,444)
Earnings per share        
Basic $ 0.06 $ 0.04 $ 0.19 $ (0.00)
Diluted $ 0.06 $ 0.04 $ 0.19 $ (0.00)
Weighted average shares outstanding        
Basic 10,601,521 9,277,043 9,757,458 9,269,834
Diluted 10,635,006 9,290,984 9,787,317 9,269,834
Other property related income        
Revenues        
Revenues $ 102,428 $ 90,989 $ 288,249 $ 246,148
Management fees and other income        
Revenues        
Revenues $ 19,426 $ 17,496 $ 56,408 $ 52,341