Income taxes, continuing operations (Tables)

3 Months Ended

Mar. 31, 2021

Income Tax Disclosure [Abstract]

Deferred Tax Assets and Liabilities

The tax effects of temporary differences for continuing operations which give rise to deferred tax assets and liabilities are as follows:

	March 31, 2021			December 31, 2020
Gross deferred tax liabilities:
Property having a financial statement basis in excess of tax basis	$	361,000		$	361,000
Accounts receivable		116,000			98,000
Deferred income - conversion to cash basis of accounting for tax purposes		52,000			56,000
Insurance premiums and accrued leasing revenues		24,000			19,000
		553,000			534,000
Gross deferred tax assets:
Allowance for doubtful accounts		(104,000	)		(91,000	)
Prepaid rent		(54,000	)		(24,000	)
Accounts payable and accrued expenses		(77,000	)		(75,000	)
Accrued property taxes		(67,000	)		(56,000	)
Deferred income, Parcel 20		(61,000	)		(54,000	)
		(363,000	)		(300,000	)
	$	190,000		$	234,000