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Note 5 - Debt - (Details Textual)
1 Months Ended 3 Months Ended 12 Months Ended
Sep. 30, 2022
USD ($)
Mar. 31, 2021
USD ($)
Mar. 18, 2021
USD ($)
Jul. 02, 2020
USD ($)
Jun. 16, 2020
USD ($)
Capital
Apr. 20, 2020
USD ($)
Dec. 27, 2019
USD ($)
Subsidiary
Derivative
Mar. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Jun. 30, 2020
USD ($)
Mar. 31, 2020
USD ($)
Mar. 31, 2019
USD ($)
Dec. 31, 2019
USD ($)
Apr. 30, 2020
USD ($)
Debt Instrument [Line Items]                            
Preferred investor approval rights, Minimum amount of capital expenditure to be incurred                     $ 250,000      
Preferred investor, additional capital contribution, treated as debt                   $ 2,900,000        
Preferred units, cumulative annual return                   13.00%        
Repayment of debt                     2,887,000 $ 73,000    
Deferred financing costs, gross                     1,300,000   $ 1,300,000  
Deferred financing costs, net                     1,200,000   1,300,000  
Debt discounts, gross                     1,400,000   1,300,000  
Debt instrument net of discount                     1,200,000   $ 1,300,000  
Expenses related to fair value adjustments on derivatives                     600,000 0    
COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Gains (losses) on modification of loan                     $ 0      
Gain loss on modification of loan description                     No gain or loss was recognized as the carrying amount of the original loans were not greater than the undiscounted cash flows of the modified loans.      
Repayment of debt                     $ 250,000      
2020 Real Estate Acquisitions [Member] | Lamar Station Plaza East [Member] | Loan Agreement [Member]                            
Debt Instrument [Line Items]                            
Debt instrument payment terms                     The loan was in default of the debt service coverage ratio (as defined in the loan agreement) upon the Company’s assumption of the loan agreement.      
Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
PPP loan, interest rate           1.00%                
Subsequent Event [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Repayment of debt   $ 250,000                        
Subsequent Event [Member] | Lamar Station Plaza East [Member]                            
Debt Instrument [Line Items]                            
Long-term debt amount   3,400,000           $ 3,400,000            
Subsequent Event [Member] | 2020 Real Estate Acquisitions [Member] | Lamar Station Plaza East [Member]                            
Debt Instrument [Line Items]                            
Assumption of debt       $ 2,500,000                    
Subsequent Event [Member] | 2020 Real Estate Acquisitions [Member] | Lamar Station Plaza East [Member] | Loan Agreement [Member]                            
Debt Instrument [Line Items]                            
Maximum principal amount       $ 4,100,000                    
MVB Revolver [Member]                            
Debt Instrument [Line Items]                            
Maturity Date [1]                     Dec. 27, 2021   Dec. 27, 2021  
Interest Rate [2]                     6.75%   6.75%  
MVB Revolver [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding                     $ 2,000      
MVB Term Loan [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Maturity Date                     Dec. 27, 2022      
Mortgages [Member]                            
Debt Instrument [Line Items]                            
Outstanding mortgage indebtedness                     $ 33,400,000   $ 32,100,000  
PPP Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Unsecured loan           $ 800,000                
PPP Loan [Member] | Subsequent Event [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Unsecured loan   800,000           800,000           $ 800,000
Second PPP Loan [Member]                            
Debt Instrument [Line Items]                            
Maturity Date                     Mar. 18, 2026      
Second PPP Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Unsecured loan     $ 800,000                      
PPP loan, interest rate     1.00%                      
Sub-OP [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Number of additional capital contribution from preferred investor | Capital         2                  
Preferred investor, additional capital contribution, treated as debt         $ 2,900,000                  
London Interbank Offered Rate (LIBOR)                            
Debt Instrument [Line Items]                            
Debt instrument variable rate                     0.99%      
Prime Rate [Member] | MVB Revolver [Member]                            
Debt Instrument [Line Items]                            
Debt instrument variable rate                     1.50%      
Interest Rate Swap [Member]                            
Debt Instrument [Line Items]                            
Fair value of interest rate swap liability                     $ 800,000   100,000  
Interest Rate Swap [Member] | Accounts Payable and Accrued Expenses [Member]                            
Debt Instrument [Line Items]                            
Fair value of interest rate swap liability                     800,000   100,000  
Maximum [Member]                            
Debt Instrument [Line Items]                            
Deferred financing costs, amortization expense                     $ 200,000 $ 0    
Maximum [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Deferred principal and interest payments, period                     6 months      
Maximum [Member] | Interest Rate Cap [Member]                            
Debt Instrument [Line Items]                            
Fair value of interest rate cap assets                     $ 100,000   100,000  
Maximum [Member] | Interest Rate Cap [Member] | Other Assets, Net [Member]                            
Debt Instrument [Line Items]                            
Fair value of interest rate cap assets                     $ 100,000   $ 100,000  
Minimum [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Deferred principal and interest payments, period                     3 months      
Basis Term Loan [Member]                            
Debt Instrument [Line Items]                            
Number of subsidiaries as borrowers entered in loan agreement | Subsidiary             6              
Long-term debt outstanding                     $ 63,800,000      
Maturity Date             Jan. 01, 2023       Jan. 01, 2023   Jan. 01, 2023  
Maturity date description                     The Basis Term Loan matures on January 1, 2023, subject to two one-year extension options, subject to certain conditions.      
Interest Rate             6.125%       6.125% [2]   6.125% [2]  
Preferred investor, additional capital contribution, treated as debt                     $ 2,900,000      
Debt instrument net of discount                     1,025,000   $ 1,118,000  
Basis Term Loan [Member] | Sub-OP [Member]                            
Debt Instrument [Line Items]                            
Preferred units remaining contributed capital                     $ 1,200,000      
Basis Term Loan [Member] | Sub-OP [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Preferred investor, additional capital contribution, treated as debt         2,400,000                  
Basis Term Loan [Member] | London Interbank Offered Rate (LIBOR)                            
Debt Instrument [Line Items]                            
Debt instrument variable rate             3.85%       3.85%      
Basis Term Loan [Member] | Interest Rate Cap [Member]                            
Debt Instrument [Line Items]                            
Long-term debt amount             $ 66,900,000              
Debt instrument variable rate             6.125%              
Basis Term Loan [Member] | Interest Rate Cap [Member] | London Interbank Offered Rate (LIBOR)                            
Debt Instrument [Line Items]                            
Debt instrument variable rate             3.85%       3.50%      
Derivative variable rate             3.50%              
Debt instrument, effective interest rate             3.50%              
Basis Term Loan [Member] | Maximum [Member]                            
Debt Instrument [Line Items]                            
Long-term debt amount             $ 66,900,000              
Basis Preferred Interest [Member]                            
Debt Instrument [Line Items]                            
Maturity Date [3],[4]                     Jan. 01, 2023   Jan. 01, 2023  
Interest Rate [2],[4],[5]                     14.00%   14.00%  
Preferred investor, capital contribution                     $ 6,900,000      
Debt instrument net of discount                     $ 206,000   $ 224,000  
Basis Preferred Interest [Member] | Sub-OP [Member]                            
Debt Instrument [Line Items]                            
Preferred investor investment commitment amount             $ 10,700,000              
Annual return percentage on initial capital contribution             14.00%              
Interest percentage on excess of commitment amount             20.00%              
Description on extended redemption date                     December 31, 2023 and December 31, 2024      
Payment fee percentage, first extension option             0.25%              
Payment fee percentage, second extension option             0.50%              
Preferred Investor payments, description                     Additionally, at the Redemption Date, the Preferred Investor is entitled to an amount equal to (a) the product of (i) the aggregate amount of capital contributions made and (ii) 0.4, less (b) the aggregate amount of Class A return payments made to the Preferred Investor (the “Minimum Multiple Amount”).      
Basis Preferred Interest [Member] | Class A Units [Member]                            
Debt Instrument [Line Items]                            
Interest percentage in exchange of capital contribution                     1.00%      
Basis Preferred Interest [Member] | Maximum [Member]                            
Debt Instrument [Line Items]                            
Preferred investor investment commitment amount             $ 10,700,000              
Basis Preferred Interest Minimum Multiple Amount [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding                     $ 2,500,000   2,800,000  
Basis Preferred Interest Minimum Multiple Amount [Member] | Sub-OP [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding                     2,500,000   $ 2,800,000  
MVB Loan Agreement [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding             6,500,000              
Loan agreement deposit requirement                     $ 3,000,000      
Loan agreement deposit requirement default interest charges percentage                     1.00%      
MVB Loan Agreement [Member] | MVB Revolver [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding             $ 2,000,000              
Maturity Date             Dec. 27, 2020       Dec. 27, 2022      
Interest Rate                     6.75%      
MVB Loan Agreement [Member] | MVB Term Loan [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding             $ 4,500,000              
Maturity Date             Dec. 27, 2022              
Interest Rate             6.75%              
Line of credit facility, frequency of payments                     require monthly principal payments as calculated over a 10-year amortization schedule      
MVB Loan Agreement [Member] | MVB Term Loan [Member] | Scenario Forecast [Member]                            
Debt Instrument [Line Items]                            
Line of credit facility, periodic payment required $ 250,000                          
MVB Loan Agreement [Member] | MVB Term Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Funds available under other lines of credit                 $ 3,000,000          
Line of credit facility, periodic payment required   $ 250,000             $ 250,000          
Line of credit facility, amortization period   10 years             10 years          
MVB Loan Agreement [Member] | Prime Rate [Member] | MVB Revolver [Member]                            
Debt Instrument [Line Items]                            
Debt instrument variable rate             1.50%              
MVB Loan Agreement [Member] | Maximum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                     1.30%      
MVB Loan Agreement [Member] | Maximum [Member] | MVB Term Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                 1.00%          
MVB Loan Agreement [Member] | Minimum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                     1.00%      
Consolidated funded debt ratio                     8.00%      
Funds available under other lines of credit                     $ 5,000,000      
MVB Loan Agreement [Member] | Minimum [Member] | MVB Term Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                 1.00%          
Hollinswood Loan [Member]                            
Debt Instrument [Line Items]                            
Maturity date description                     The deferred amounts for the Hollinswood mortgage loan are due in six equal monthly installments beginning in November 2020.      
Hollinswood Loan [Member] | COVID-19 [Member]                            
Debt Instrument [Line Items]                            
Maturity date description                     The deferred amount for the Hollinswood mortgage is due in six equal monthly installments beginning November 2020.      
Hollinswood Loan [Member] | Maximum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                     1.40%      
Hollinswood Loan [Member] | Minimum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                         1.00%  
Vista Mortgage [Member] | Maximum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                     1.35%      
Vista Mortgage [Member] | Minimum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                         1.00%  
Brookhill Mortgage [Member] | Maximum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                     1.35%      
Brookhill Mortgage [Member] | Minimum [Member]                            
Debt Instrument [Line Items]                            
Debt service coverage ratio                         1.00%  
Other Capital Contribution [Member] | Sub-OP [Member]                            
Debt Instrument [Line Items]                            
Preferred units remaining contributed capital                     $ 1,200,000      
Other Capital Contribution [Member] | Sub-OP [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Preferred investor, additional capital contribution, treated as debt         $ 500,000                  
Preferred units, cumulative annual return         13.00%                  
2021 Debt Agreements and Modifications [Member] | Vista Shops Mortgage Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Long-term debt amount   $ 8,900,000           $ 8,900,000            
Maturity Date               Jun. 30, 2023            
Interest Rate   3.83%           3.83%            
Proceeds from refinance to repayment               $ 1,900,000            
Maximum principal amount   $ 11,700,000           11,700,000            
Escrow Deposit   $ 900,000           900,000            
2021 Debt Agreements and Modifications [Member] | Vista Shops Mortgage Loan [Member] | Subsequent Event [Member] | Forbearance Agreements and Debt Amendments [Member]                            
Debt Instrument [Line Items]                            
Repayment of debt               800,000            
2021 Debt Agreements and Modifications [Member] | Vista Shops Mortgage Loan [Member] | Subsequent Event [Member] | Accrued Interest [Member]                            
Debt Instrument [Line Items]                            
Repayment of debt               $ 200,000            
2021 Debt Agreements and Modifications [Member] | Sub-OP [Member] | Vista Shops Mortgage Loan [Member] | Subsequent Event [Member]                            
Debt Instrument [Line Items]                            
Proceeds from refinance to repayment         $ 800,000                  
Hollinswood Loan [Member]                            
Debt Instrument [Line Items]                            
Maturity Date                     Dec. 01, 2024   Dec. 01, 2024  
Interest Rate [2]                     4.06%   4.06%  
Hollinswood Loan [Member] | London Interbank Offered Rate (LIBOR)                            
Debt Instrument [Line Items]                            
Debt instrument variable rate                     2.25%   2.25%  
Hollinswood Loan [Member] | Interest Rate Cap [Member]                            
Debt Instrument [Line Items]                            
Debt instrument variable rate             4.06%              
Hollinswood Loan [Member] | Interest Rate Swap [Member]                            
Debt Instrument [Line Items]                            
Long-term debt outstanding             $ 10,200,000              
Number of derivatives held | Derivative             2              
Debt instrument additional borrowing available             $ 3,000,000              
[1] In March 2021, the Company entered into a one-year extension on the MVB Revolver as described below under the heading “—Forbearance Agreements and Debt Amendments”.
[2] For floating rate loans tied to LIBOR, based on the one-month LIBOR rate of 0.99%, as of March 31, 2020.
[3] If the Basis Term Loan is paid in full earlier than its maturity date, the Basis Preferred Interest in the Sub-OP will mature at that time.
[4] The outstanding balance includes approximately $2.5 million and $2.8 million of indebtedness as of March 31, 2020 and December 31, 2019, respectively, related to the Multiple Minimum Amount owed to the Preferred Investor as described below under the heading “—Basis Preferred Interest”.
[5] In June 2020, the Preferred Investor made additional capital contributions of approximately $2.9 million as described below under the heading “—Forbearance Agreements and Debt Amendments”. The Preferred Investor is entitled to a cumulative annual return of 13.0% on the additional contributions.