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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flow from Operating Activities:    
Net Income $ 14,632 $ 875,848
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 2,023,330 1,201,503
Amortization of Intangible Assets and Liabilities to Lease Income (18,724) (59,657)
Loan Cost Amortization included in Interest Expense 44,404
Amortization of Deferred Expenses to Lease Income   75,658
Non-Cash Compensation 36,991 114,907
Decrease (Increase) in Assets:    
Straight-Line Rent Adjustment (322,920) (108,684)
Deferred Expenses   56,988
Other Assets (310,457) 120,072
Increase (Decrease) in Liabilities:    
Accounts Payable, Accrued Expenses, and Other Liabilities 677,123 (164,597)
Prepaid Rent and Deferred Revenue 666,616 (89,727)
Net Cash Provided By Operating Activities 2,810,995 2,022,311
Cash Flow from Investing Activities:    
Acquisition of Real Estate (47,379,161)  
Net Cash Used In Investing Activities (47,379,161)  
Cash Flow from Financing Activities:    
Draws on Credit Facility 57,000,000  
Repurchase of Common Stock (592,356)  
Net Transactions with Consolidated-Tomoka Land Co.   (1,978,880)
Dividends Paid (1,822,935)  
Net Cash Provided By (Used In) Financing Activities 54,584,709 (1,978,880)
Net Increase in Cash 10,016,543 43,431
Cash, Beginning of Year 12,341,978 8,258
Cash, End of Period $ 22,358,521 $ 51,689