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Note 12 - Revenues (Tables)
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
Summary of Disaggregation of Revenues

The following table represents a disaggregation of revenues from contracts with customers for the years ended December 31, 2024 and 2023 by type of service:

 

 

 

 

 

Year Ended December 31,

 

(in thousands)

 

Topic 606
Revenue Recognition

 

2024

 

 

2023

 

Topic 606 Revenues

 

 

 

 

 

 

 

 

Leasing commissions

 

Point in time

 

$

2,168

 

 

$

2,601

 

Property and asset management fees

 

Over time

 

 

137

 

 

 

142

 

Sales commissions

 

Point in time

 

 

161

 

 

 

296

 

Development fees

 

Over time

 

 

1

 

 

 

42

 

Engineering services

 

Over time

 

 

68

 

 

 

60

 

Topic 606 Revenue

 

 

 

 

2,535

 

 

 

3,141

 

Out of Scope of Topic 606 revenue

 

 

 

 

 

 

 

 

Rental income

 

 

 

 

38,810

 

 

 

38,990

 

Sublease income

 

 

 

 

 

 

 

38

 

Total Out of Scope of Topic 606 revenue

 

 

 

 

38,810

 

 

 

39,028

 

Total Revenue

 

 

 

$

41,345

 

 

$

42,169

 

Summary of Minimum Cash Rental Payments Due in Future Periods Under Executed Non-cancelable Operating Leases

Minimum cash rental payments due to the Company in future periods under executed non-cancelable operating leases in place for the Company’s properties as of December 31, 2024 are as follows:

 

(in thousands)

 

 

 

For the year ending December 31:

 

 

 

2025

 

$

30,417

 

2026

 

 

24,487

 

2027

 

 

18,799

 

2028

 

 

15,998

 

2029

 

 

12,947

 

Thereafter

 

 

46,967

 

Total

 

$

149,615