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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Rental and other property income $ 1,109,708 $ 1,113,311 $ 3,322,591 $ 3,353,381
Operating expenses:        
General and administrative 213,017 246,998 625,865 727,017
Property operating 7,073 8,273 21,552 27,243
Real estate tax 131,121 133,036 385,705 411,931
Merger-related 416,912 0 416,912 0
Depreciation and amortization 478,063 478,063 1,434,190 1,434,190
Total operating expenses 1,246,186 866,370 2,884,224 2,600,381
Operating (expense) income (136,478) 246,941 438,367 753,000
Other expense:        
Interest expense and other, net (179,872) (404,797) (618,529) (1,261,064)
Net loss (316,350) (157,856) (180,162) (508,064)
Class A Common Stock        
Other expense:        
Net loss $ (236,780) $ (110,244) $ (109,876) $ (357,272)
Basic and diluted weighted average number of common shares outstanding (in shares) 2,512,479 2,484,283 2,511,417 2,472,534
Basic and diluted net loss per common share (in dollars per share) $ (0.09) $ (0.04) $ (0.04) $ (0.14)
Class T Common Stock        
Other expense:        
Net loss $ (79,570) $ (47,612) $ (70,286) $ (150,792)
Basic and diluted weighted average number of common shares outstanding (in shares) 711,030 735,735 714,280 745,269
Basic and diluted net loss per common share (in dollars per share) $ (0.11) $ (0.06) $ (0.10) $ (0.20)