Income taxes, continuing operations (Tables)

3 Months Ended

Mar. 31, 2022

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, 2022			December 31, 2021
Gross deferred tax liabilities:
Property having a financial statement basis in excess of tax basis	$	361,000		$	361,000
Accounts receivable		238,000			213,000
Deferred income - conversion to cash basis of accounting for tax purposes		33,000			38,000
Insurance premiums and accrued leasing revenues		30,000			23,000
		662,000			635,000
Gross deferred tax assets:
Allowance for doubtful accounts		(231,000	)		(206,000	)
Prepaid rent		(51,000	)		(23,000	)
Accounts payable and accrued expenses		(65,000	)		(69,000	)
Accrued property taxes		(85,000	)		(75,000	)
		(432,000	)		(373,000	)
	$	230,000		$	262,000