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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Rental revenues $ 272,216 $ 278,214 $ 548,710 $ 555,950
Advisory revenues 27,608 46,227 54,983 46,227
Total revenues 299,824 324,441 603,693 602,177
OPERATING EXPENSES:        
Compensation and benefits 87,751 86,898 218,265 208,967
Professional fees 42,497 51,431 113,910 134,909
General and administrative expenses 48,018 32,916 105,114 76,518
Depreciation and amortization 90,841 90,498 181,425 181,056
Real estate taxes 20,964 22,720 41,928 45,440
Total operating expenses 290,071 284,463 660,642 646,890
INCOME (LOSS) FROM OPERATIONS 9,753 39,978 (56,949) (44,713)
OTHER (EXPENSES) INCOME:        
Interest expenses (30,000) (30,000) (60,000) (60,000)
Interest expenses - related party (300) (300) (600) (600)
Other income 108,204
Interest income 1,620 1,852
Total other (expenses) income, net (28,680) (30,300) (58,748) 47,604
(LOSS) INCOME BEFORE INCOME TAXES (18,927) 9,678 (115,697) 2,891
PROVISION FOR INCOME TAXES
NET (LOSS) INCOME $ (18,927) $ 9,678 $ (115,697) $ 2,891
NET (LOSS) INCOME PER COMMON SHARE:        
Basic $ (0.00) $ 0.00 $ (0.01) $ 0.00
Diluted $ (0.00) $ 0.00 $ (0.01) $ 0.00
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic 12,011,548 11,901,548 12,007,922 11,924,973
Diluted 12,011,548 11,901,548 12,007,922 11,924,973