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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues        
Rental income $ 2,460,667 $ 2,133,512 $ 4,793,905 $ 4,283,752
Total revenues 2,574,521 2,234,212 5,016,708 4,473,756
Expenses        
Property operations 897,297 875,209 1,891,321 1,791,289
General and administrative 631,208 575,568 1,209,825 1,258,191
Depreciation and amortization 406,561 502,746 812,175 1,018,682
Business development 4,837 817 4,837 10,057
Total expenses 1,939,903 1,954,340 3,918,158 4,078,219
Operating income 634,618 279,872 1,098,550 395,537
Other income (expense)        
Dividend and interest income 18,792 20,270 36,863 44,369
Unrealized gain (loss) on marketable equity securities 494,461 (27,764) 709,197 (218,169)
Interest expense (286,572) (294,522) (572,064) (600,305)
Total other income (expense), net 226,681 (302,016) 173,996 (774,105)
Net income (loss) and comprehensive income (loss) $ 861,299 $ (22,144) $ 1,272,546 $ (378,568)
Earnings per share        
Basic $ 0.09 $ 0.00 $ 0.14 $ (0.04)
Diluted $ 0.09 $ 0.00 $ 0.14 $ (0.04)
Weighted average shares outstanding        
Basic 9,363,981 9,269,567 9,328,432 9,266,189
Diluted 9,402,479 9,269,567 9,370,935 9,266,189
Other property related income        
Revenues        
Revenues $ 95,069 $ 83,199 $ 185,821 $ 155,159
Management fees and other income        
Revenues        
Revenues $ 18,785 $ 17,501 $ 36,982 $ 34,845