XML 14 R4.htm IDEA: XBRL DOCUMENT v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenues:        
Rental and other property income $ 1,109,765 $ 1,104,195 $ 2,212,883 $ 2,240,070
Operating expenses:        
General and administrative 234,613 204,244 412,848 480,019
Property operating 6,825 13,505 14,479 18,970
Real estate tax 131,122 120,213 254,584 278,895
Depreciation and amortization 478,064 478,064 956,127 956,127
Total operating expenses 850,624 816,026 1,638,038 1,734,011
Operating income 259,141 288,169 574,845 506,059
Other expense:        
Interest expense and other, net (184,300) (429,115) (438,657) (856,267)
Net income (loss) 74,841 (140,946) 136,188 (350,208)
Class A Common Stock        
Other expense:        
Net income (loss) $ 67,944 $ (98,880) $ 126,649 $ (246,837)
Basic and diluted weighted average number of common shares outstanding (in shares) 2,512,810 2,476,044 2,510,880 2,466,563
Basic and diluted net income (loss) per common share (in dollars per share) $ 0.03 $ (0.04) $ 0.05 $ (0.10)
Class T Common Stock        
Other expense:        
Net income (loss) $ 6,897 $ (42,066) $ 9,539 $ (103,371)
Basic and diluted weighted average number of common shares outstanding (in shares) 713,465 746,404 715,924 750,115
Basic and diluted net income (loss) per common share (in dollars per share) $ 0.01 $ (0.06) $ 0.01 $ (0.14)