Note 11 - Uncertainties	12 Months Ended
Dec. 31, 2020
Notes to Financial Statements
Uncertainties [Text Block]	11 . Uncertainties On March 11, 2020, the World Health Organization declared the current COVID- 19 outbreak to be a global pandemic. In response to this declaration and the rapid spread of COVID- 19 within the United States, federal, state and local governments throughout the country imposed varying degrees of restrictions on social and commercial activity to promote social distancing in an effort to slow the spread of the illness. These measures have had a significant adverse impact upon many sectors of the economy. As a result of these measures, many non-essential retail commerce across the country experienced significant disruption causing severely reduced sales volume. Stone & Leigh, who distributes its products through these potentially impacted retail channels, has experienced and may continue to experience a reduction in sales volume as a result of these measures. Whereas most state and local governments have begun to ease restrictions on commercial retail activity, it is possible that a resurgence in COVID- 19 cases could prompt a return to tighter restrictions in certain areas of the country. Furthermore, the economic recession brought on by the pandemic may have a continuing adverse impact on consumer demand for Stone & Leigh's products. Therefore, uncertainty remains regarding the ongoing impact of the COVID- 19 outbreak upon the future results of operations of Stone & Leigh and its corresponding impact to the collectability of the S&L Note. Despite the restrictions and measures by federal, state, and local governments in response to COVID- 19, many of the U.S. Government tenant agencies of HC Realty's properties were deemed essential. All of HC Realty's revenue is generated through the receipt of rental payments from U.S. Government tenant agencies. The extent, however, of future COVID- 19 disruption is highly uncertain and cannot be predicted. It is possible that with a resurgence in COVID- 19 cases resulting in tighter restriction that risks to HC Realty's operations become heightened. The Company continues to evaluate the impact of these measures on our operational and financial performance, specifically the impact on Stone & Leigh and HC Realty's operations. While, the Company has not experienced any adverse impacts with respect to the payment of interest on the S&L Note as of December 31, 2020, COVID- 19 has significantly impacted S&L's operations and its customers. As a result of an assessment of the borrower's financial condition, including the impact of COVID- 19 to its operations, and the adequacy of the collateral securing the S&L Note, the Company determined during third quarter of 2020 that the S&L Note was other than temporarily impaired. The Company recorded an impairment loss of $833,000 on the S&L Note during the year ended December 31, 2020. As of December 31, 2020, the Company has not experienced any adverse impacts to the payment of HC Realty's common and Series B Stock dividends.

Uncertainties

March 11, 2020,

the World Health Organization declared the current COVID-

outbreak to be a global pandemic. In response to this declaration and the rapid spread of COVID-

within the United States, federal, state and local governments throughout the country imposed varying degrees of restrictions on social and commercial activity to promote social distancing in an effort to slow the spread of the illness. These measures have had a significant adverse impact upon many sectors of the economy.

As a result of these measures, many non-essential retail commerce across the country experienced significant disruption causing severely reduced sales volume. Stone & Leigh, who distributes its products through these potentially impacted retail channels, has experienced and

may

continue to experience a reduction in sales volume as a result of these measures. Whereas most state and local governments have begun to ease restrictions on commercial retail activity, it is possible that a resurgence in COVID-

cases could prompt a return to tighter restrictions in certain areas of the country. Furthermore, the economic recession brought on by the pandemic

may

have a continuing adverse impact on consumer demand for Stone & Leigh's products. Therefore, uncertainty remains regarding the ongoing impact of the COVID-

outbreak upon the future results of operations of Stone & Leigh and its corresponding impact to the collectability of the S&L Note.

Despite the restrictions and measures by federal, state, and local governments in response to COVID-

19,

many of the U.S. Government tenant agencies of HC Realty's properties were deemed essential. All of HC Realty's revenue is generated through the receipt of rental payments from U.S. Government tenant agencies. The extent, however, of future COVID-

disruption is highly uncertain and cannot be predicted. It is possible that with a resurgence in COVID-

cases resulting in tighter restriction that risks to HC Realty's operations become heightened.

The Company continues to evaluate the impact of these measures on our operational and financial performance, specifically the impact on Stone & Leigh and HC Realty's operations. While, the Company has

not

experienced any adverse impacts with respect to the payment of interest on the S&L Note as of

December 31, 2020,

COVID-

has significantly impacted S&L's operations and its customers. As a result of an assessment of the borrower's financial condition, including the impact of COVID-

to its operations, and the adequacy of the collateral securing the S&L Note, the Company determined during

third

quarter of

2020

that the S&L Note was other than temporarily impaired. The Company recorded an impairment loss of

$833,000

on the S&L Note during the year ended

December 31, 2020.

As of

December 31, 2020,

the Company has

not

experienced any adverse impacts to the payment of HC Realty's common and Series B Stock dividends.