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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
REVENUES:        
Total revenues $ 692,326 $ 772,617 $ 1,529,378 $ 1,460,641
OPERATING EXPENSES:        
Compensation and benefits 274,015 363,882 539,179 709,377
Professional fees 88,865 59,921 211,135 202,583
Brokerage fees   50,571 103,330 50,571
General and administrative expenses 99,588 99,644 178,364 178,567
Depreciation and amortization 89,870 102,048 179,517 199,630
Real estate taxes 35,575 31,746 62,931 63,494
Property portfolio business development costs 1,275 22,875 15,000
Total operating expenses, net 589,188 707,812 1,297,331 1,419,222
INCOME FROM OPERATIONS 103,138 64,805 232,047 41,419
OTHER INCOME (EXPENSES):        
Interest expenses (156,464) (156,990) (314,503) (311,490)
Income from derivative - interest rate swap 21,043 139,985 146,646 9,692
Total other expenses, net (135,421) (17,005) (167,857) (301,798)
(LOSS) INCOME BEFORE EQUITY METHOD LOSSES (32,283) 47,800 64,190 (260,379)
EQUITY METHOD LOSS:        
Equity method loss from unconsolidated joint ventures (5,641) (7,110)
Total equity method loss (5,641) (7,110)
NET INCOME (LOSS) $ (32,283) $ 42,159 $ 64,190 $ (267,489)
NET (LOSS) INCOME PER COMMON SHARE:        
Basic (in Dollars per share) $ 0 $ 0 $ 0.01 $ (0.02)
Diluted (in Dollars per share) $ 0 $ 0 $ 0.01 $ (0.02)
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:        
Basic (in Shares) 12,101,548 12,201,548 12,101,548 12,201,548
Diluted (in Shares) 12,101,548 12,601,548 12,501,548 12,201,548
Property investment portfolio revenues        
REVENUES:        
Total revenues $ 679,326 $ 609,591 $ 1,370,618 $ 1,220,065
Real estate services revenues        
REVENUES:        
Total revenues $ 13,000 $ 163,026 $ 158,760 $ 240,576