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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
REVENUES:        
Total revenues $ 1,029,630 $ 720,450 $ 2,559,008 $ 2,181,091
OPERATING EXPENSES:        
Compensation and benefits 259,268 345,907 798,447 1,055,284
Professional fees 65,291 86,152 276,426 288,735
Brokerage fees 19,033 122,363 50,571
General and administrative expenses 84,613 95,716 262,977 274,283
Depreciation and amortization 89,701 91,224 269,218 290,854
Real estate taxes 49,536 52,339 112,467 115,833
Property portfolio business development costs 17,000 39,875 15,000
Total operating expenses, net 584,442 671,338 1,881,773 2,090,560
INCOME FROM OPERATIONS 445,188 49,112 677,235 90,531
OTHER INCOME (EXPENSES):        
Interest expenses (187,167) (155,376) (501,670) (466,866)
Income (loss) from derivative - interest rate swap (199,149) 220,787 (52,503) 230,479
Total other income (expenses), net (386,316) 65,411 (554,173) (236,387)
INCOME (LOSS) BEFORE EQUITY METHOD LOSSES 58,872 114,523 123,062 (145,856)
EQUITY METHOD LOSS:        
Equity method loss from unconsolidated joint ventures (7,110)
Total equity method loss (7,110)
Net income (loss) $ 58,872 $ 114,523 $ 123,062 $ (152,966)
NET INCOME (LOSS) PER COMMON SHARE:        
Basic (in Dollars per share) $ 0 $ 0.01 $ 0.01 $ (0.01)
Diluted (in Dollars per share) $ 0 $ 0.01 $ 0.01 $ (0.01)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in Shares) 12,101,062 12,201,548 12,101,385 12,201,548
Diluted (in Shares) 12,501,062 12,601,548 12,501,385 12,201,548
Property investment portfolio revenues        
REVENUES:        
Total revenues $ 750,926 $ 637,143 $ 2,121,544 $ 1,857,208
Real estate services revenues        
REVENUES:        
Total revenues $ 278,704 $ 83,307 $ 437,464 $ 323,883