XML 50 R35.htm IDEA: XBRL DOCUMENT v3.22.2
MORTGAGES AND NOTES PAYABLE (Tables)
 6 Months Ended
Jun. 30, 2022
Debt Disclosure [Abstract]  
SCHEDULE OF MORTGAGES

The Company’s mortgage balances, including accrued interest, at June 30, 2022 and December 31, 2021 were comprised of the following (in thousands):

 

   June 30,
2022		   December 31,
2021		 
Bank of New England – New Bedford, MA and Middleboro, MA properties  $12,319   $12,499 
Bank of New England – Wilmington, DE property   1,404    1,463 
DuQuoin State Bank – Anna, IL and Harrisburg, IL properties   767    778 
DuQuoin State Bank – Metropolis, IL property   2,574    2,658 
South Porte Bank – Mt. Vernon, IL property   814    816 
Total mortgages payable   17,878    18,214 
Less: Mortgages payable, current   (1,417)    (1,400)
Mortgages payable, less current portion  $16,461   $16,814 
SCHEDULE OF MATURITIES OF OUTSTANDING DEBT

The future principal amounts due under the Company outstanding mortgages and notes payable at June 30, 2022 are as follows (in thousands):

 

Year ending December 31,     
Remainder of 2022  $1,042 
2023   2,999 
2024   2,323 
2025   2,471 
2026   1,183 
Thereafter   14,025 
Total   24,043 
Less: discount   (680)
Total debt gross  $23,363