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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues        
Rental income $ 2,237,424 $ 2,115,053 $ 6,521,176 $ 6,231,190
Total revenues 2,345,909 2,187,247 6,819,665 6,442,445
Expenses        
Property operations 907,350 869,231 2,698,639 2,706,109
General and administrative 564,162 533,418 1,822,353 1,644,057
Depreciation and amortization 509,219 351,711 1,527,901 1,056,087
Business development 471 72,691 10,528 95,985
Total expenses 1,981,202 1,827,051 6,059,421 5,502,238
Operating income 364,707 360,196 760,244 940,207
Other income (expense)        
Dividend and interest income 17,648 17,180 62,017 51,826
Unrealized gain on marketable equity securities 245,571 127,820 27,402 355,102
Interest expense (290,802) (255,963) (891,107) (773,234)
Total other (expense), net (27,583) (110,963) (801,688) (366,306)
Net income (loss) and comprehensive income (loss) $ 337,124 $ 249,233 $ (41,444) $ 573,901
Earnings per share        
Basic $ 0.04 $ 0.03 $ 0.00 $ 0.08
Diluted $ 0.04 $ 0.03 $ 0.00 $ 0.08
Weighted average shares outstanding        
Basic 9,277,043 7,646,875 9,269,834 7,639,588
Diluted 9,290,984 7,652,257 9,269,834 7,640,874
Other property related income        
Revenues        
Revenues $ 90,989 $ 72,194 $ 246,148 $ 211,255
Management fees and other income        
Revenues        
Revenues $ 17,496   $ 52,341