XML 17 R6.htm IDEA: XBRL DOCUMENT v3.22.2
Condensed Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 1,417,538 $ 348,985
Adjustments to reconcile net income to net cash from operating activities:    
Depreciation and amortization 22,079 47,679
Changes in operating assets and liabilities    
Gain on sale of property (1,103,208)
Decrease in rents and other receivables 366,473 599,045
Decrease in long-term rent receivable 647
Increase in security deposit escrow (15) (16)
Decrease in deferred rent award escrow 1
Decrease in prepaid insurance 3,101 3,041
Increase in accounts payable and accrued expenses 29,122 152,266
Payment of leasing commission (222,633)
Decrease in deferred closing costs 6,417
Increase in unearned rental income 18,049
Increase in due to General Partner 2,089 147
Net cash from operating activities 761,645 929,162
CASH FLOWS PROVIDED FROM INVESTING ACTIVITIES:    
Proceeds from sale of Property, net 1,448,540
Interest applied to Indemnification Trust account (115)
Net cash provided from investing activities 1,448,425
CASH FLOWS USED IN FINANCING ACTIVITIES:    
Cash distributions to Limited Partners (1,400,000) (800,000)
Cash distributions to General Partner (6,622) (1,396)
Net cash used in financing activities (1,406,622) (801,396)
NET INCREASE IN CASH AND CASH EQUIVALENTS 803,448 127,766
CASH AND CASH EQUIVALENTS AT BEGINNING OF PERIOD 965,838 72,244
CASH AND CASH EQUIVALENTS AT END OF PERIOD $ 1,769,286 $ 200,010