Note 6 - Other Assets

9 Months Ended

Sep. 30, 2021

Notes to Financial Statements

Other Assets Disclosure [Text Block]

6. OTHER ASSETS

Other assets consist of the following:

	September 30,		December 31,
	2021		2020
Deferred rent receivable	$	1,644,276	$	1,912,048
Prepaid expenses, deposits and other		273,585		215,946
Investment in marketable securities		1,670,693		83,241
Accounts receivable, net		363,104		541,885
Right-of-use assets, net		81,637		102,144
Other intangibles, net		97,483		142,483
Notes receivable		316,374		316,374
Deferred offering costs		2,386		108,660
Total other assets	$	4,449,538	$	3,422,781

As of September 30, 2021, we owned common shares of 17 different publicly traded REITs and options in six of those same REITs.  As of  September 30, 2021, the fair value of these shares was approximately $1.6 million based on the September 30, 2021 closing price.  As of December 31, 2020, we owned common shares and options of two different publicly traded REITs a money market account with a closing market value of approximately $83,000.  These shares are presented at fair value as “marketable securities” on our consolidated balance sheets and the gains and losses resulting from the mark-to-market of these securities are recognized in current period earnings.