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Operating Expense Limitation
9 Months Ended
Sep. 30, 2020
Other Income And Expenses [Abstract]  
Operating Expense Limitation

NOTE 14 - OPERATING EXPENSE LIMITATION

Under its Charter, the Company must limit its total operating expenses to the greater of 2% of the average invested assets or 25% of its net income for the four most recently completed fiscal quarters, unless the conflicts committee of the Company’s board of directors has determined that such excess expenses were justified based on unusual and non-recurring factors. Operating expenses for the four quarters ended September 30, 2020 were in compliance with the charter-imposed limitation.