Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Revenues    
Rental income $ 2,150,240 $ 2,038,684
Total revenues 2,239,544 2,106,511
Expenses    
Property operations 916,080 913,349
General and administrative 682,623 555,928
Depreciation and amortization 515,937 351,644
Business development 9,240 8,250
Total expenses 2,123,880 1,829,171
Operating income 115,664 277,340
Other income (expense)    
Dividend and interest income 24,100 17,200
Unrealized gain (loss) on marketable equity securities (190,405) 154,449
Interest expense (305,783) (261,166)
Total other (expense), net (472,088) (89,517)
Net (loss) income and comprehensive (loss) income $ (356,424) $ 187,823
Earnings per share    
Basic $ (0.04) $ 0.02
Diluted $ (0.04) $ 0.02
Weighted average shares outstanding    
Basic 9,262,811 7,630,722
Diluted 9,262,811 7,637,733
Other property related income    
Revenues    
Revenues $ 71,960 $ 67,827
Management fees and other income    
Revenues    
Revenues $ 17,344