Note 10 - Related Party Receivables

3 Months Ended

Mar. 31, 2022

Notes to Financial Statements

Related Party Transactions Disclosure [Text Block]

10. RELATED PARTY RECEIVABLES

In 2019, 2020, 2021, and through the first three month of 2022, the Company loaned money to the Doran Canterbury I and II joint ventures in member loans totaling approximately $2,027,000. These member loans bear interest at the rate equal to the Prime Rate plus two percent per annum and accrued interest totaled $157,000 as of March 31, 2022. The Company expects to be fully reimbursed for these member loans as and when the joint ventures achieve positive cash flow.