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Note 6 - Formation of AHIT-Valfre
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Note 6 - Formation of AHIT-Valfre

On August 1, 2015, the Company entered into the Master UPREIT Formation Agreement resulting in the formation of AHIT Valfre, LLP, a Maryland limited liability partnership. The Company is the General Partner of the limited liability partnership. AHIT Valfre is intended to serve as an umbrella partnership real estate investment trust, commonly referred to as an "UPREIT". On August 3, 2015, AHIT Valfre acquired from the Valfre limited partners, nine properties in exchange for a total consideration of approximately $1,735,000 consisting of 300,026 common units in the UPREIT valued at approximately $532,000, which carry with them certain option rights into shares of common stock in the Company and the assumption of certain mortgage notes totaling approximately $1,203,000. The Company also agreed to reimburse the limited partners for any escrows maintained under the existing mortgages and assigned to the UPREIT. On November 8, 2016, the Company issued 300,026 shares of common stock of the Company upon conversion of the 300,026 common units in the UPREIT. On November 8, 2016, the Company issued 3,896 shares of common stock to reimburse the limited partners for the escrows assigned to the UPREIT.