Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS)

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CONSOLIDATED STATEMENTS OF OPERATIONS and COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenues    
Rental income $ 2,333,238 $ 2,150,240
Total revenues 2,442,188 2,239,544
Expenses    
Property operations 994,023 916,080
General and administrative 578,617 682,623
Depreciation and amortization 405,615 515,937
Business development   9,240
Total expenses 1,978,255 2,123,880
Operating income 463,933 115,664
Other income (expense)    
Dividend and interest income 18,070 24,100
Unrealized gain (loss) on marketable equity securities 214,736 (190,405)
Interest expense (285,492) (305,783)
Total other (expense), net (52,686) (472,088)
Net income (loss) and comprehensive income (loss) $ 411,247 $ (356,424)
Earnings per share    
Basic $ 0.04 $ (0.04)
Diluted $ 0.04 $ (0.04)
Weighted average shares outstanding    
Basic 9,292,488 9,262,811
Diluted 9,309,287 9,262,811
Other property related income    
Revenues    
Revenues $ 90,753 $ 71,960
Management fees and other income    
Revenues    
Revenues $ 18,197 $ 17,344