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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2020
Jun. 30, 2019
Cash Flow from Operating Activities:      
Net Income $ 279,693 $ 294,325 $ 1,927,080
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:      
Depreciation and Amortization   4,308,824 2,517,154
Amortization of Intangible Assets and Liabilities to Lease Income (29,450) (48,174) (124,912)
Loan Cost Amortization included in Interest Expense 44,000 88,060  
Amortization of Deferred Expenses to Lease Income     151,216
Non-Cash Compensation   103,239 271,825
Decrease (Increase) in Assets:      
Straight-Line Rent Adjustment   (937,593) (222,012)
COVID-19 Deferred Rent   (624,693)  
Deferred Expenses     (259)
Other Assets   (497,251) (92,450)
Increase (Decrease) in Liabilities:      
Accounts Payable, Accrued Expenses, and Other Liabilities   (23,397) 18,204
Prepaid Rent and Deferred Revenue   883,396 (152,021)
Net Cash Provided By Operating Activities   3,546,736 4,293,825
Cash Flow from Investing Activities:      
Acquisition of Real Estate   (76,086,568) (19,455,132)
Net Cash Used In Investing Activities   (76,086,568) (19,455,132)
Cash Flow from Financing Activities:      
Draws on Credit Facility   70,000,000  
Repurchase of Common Stock   (5,013,684)  
Net Transactions with CTO Realty Growth, Inc.     15,162,623
Cash Paid for Loan Fees   (3,324)  
Dividends Paid   (3,558,079)  
Net Cash Provided By Financing Activities   61,424,913 15,162,623
Net Increase (Decrease) in Cash   (11,114,919) 1,316
Cash, Beginning of Period   12,341,978 8,258
Cash, End of Period $ 1,227,059 $ 1,227,059 $ 9,574