XML 63 R53.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Note 12 - Segments - Operating Income by Segment (Details) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Rental, fees and other income $ 4,790,061 $ 4,121,491
Property and related expenses (1,563,577) (1,574,990)
General and administrative expenses (2,084,450) (1,964,620)
Depreciation and amortization (1,351,018) (1,333,574)
Interest expense (1,515,206) (867,767)
Loss on Conduit Pharmaceuticals marketable securities (3,861,233) 0
Gain on deconsolidation of SPAC 0 0
Other income, net 4,646 742,117
Income tax expense (79,565) (148,453)
Gain on sale of real estate 2,018,095 417,337
Net loss (3,737,795) (608,459)
Conduit Pharmaceuticals Inc [Member]    
Loss on Conduit Pharmaceuticals marketable securities (3,861,233) 0
Operating Segments [Member]    
Net operating income, as defined 3,130,936 2,546,501
Office/Industrial Properties [Member] | Operating Segments [Member]    
Rental, fees and other income 2,967,720 2,861,998
Property and related expenses (1,382,393) (1,460,690)
Net operating income, as defined 1,585,327 1,401,308
Model Home Properties [Member] | Operating Segments [Member]    
Rental, fees and other income 1,268,953 855,120
Property and related expenses (136,778) (30,996)
Net operating income, as defined 1,132,175 824,124
Retail Properties [Member] | Operating Segments [Member]    
Rental, fees and other income 553,388 458,867
Property and related expenses (139,954) (137,798)
Net operating income, as defined $ 413,434 $ 321,069