Presidio Property Trust (SQFT) 10-K 29 Mar 22 2021 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2021	Mar. 25, 2022	Jun. 30, 2021
Document Information [Line Items]
Entity Central Index Key	0001080657
Entity Registrant Name	Presidio Property Trust, Inc.
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2021
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Document Transition Report	false
Entity File Number	000-53673
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	33-0841255
Entity Address, Address Line One	4995 Murphy Canyon Road, Suite 300
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92123
City Area Code	760
Local Phone Number	471-8536
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Entity Shell Company	false
Entity Public Float			$ 36,044,764
Entity Common Stock, Shares Outstanding		12,364,289
Auditor Name	Baker Tilly US, LLP
Auditor Location	Irvine, California
Auditor Firm ID	23
Series A Common Stock Purchase Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock Purchase Warrants to Purchase Shares of Common Stock
Trading Symbol	SQFTW
Security Exchange Name	NASDAQ
Series D Cumulative Redeembale Perpetual Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share
Trading Symbol	SQFTP
Security Exchange Name	NASDAQ
Series A Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock, $0.01 par value per share
Trading Symbol	SQFT
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2021	Dec. 31, 2020
ASSETS
Land	$ 21,136,379	$ 18,827,000
Buildings and improvements	119,224,375	115,409,423
Tenant improvements	12,752,518	11,960,018
Lease intangibles	4,110,139	4,110,139
Real estate assets and lease intangibles held for investment, cost	157,223,411	150,306,580
Accumulated depreciation and amortization	(30,589,969)	(26,551,789)
Real estate assets and lease intangibles held for investment, net	126,633,442	123,754,791
Real estate assets held for sale, net	11,431,494	42,499,176
Real estate assets, net	138,064,936	166,253,967
Cash, cash equivalents and restricted cash	14,702,089	11,540,917
Deferred leasing costs, net	1,348,234	1,927,951
Goodwill	2,423,000	2,423,000
Other assets, net	4,658,504	3,422,781
TOTAL ASSETS	161,196,763	185,568,616
Liabilities:
Mortgage notes payable, net	87,324,319	94,664,266
Mortgage notes payable related to properties held for sale, net	1,535,513	25,365,430
Mortgage notes payable, total net	88,859,832	120,029,696
Note payable, net	0	7,500,086
Accounts payable and accrued liabilities	4,585,036	5,126,199
Accrued real estate taxes	1,940,913	2,548,686
Dividends payable preferred stock	179,685	0
Lease liability, net	75,547	102,323
Below-market leases, net	73,130	139,045
Total liabilities	95,714,143	135,446,035
Commitments and contingencies (Note 9)
Equity:
Additional paid-in capital	186,492,012	156,463,146
Dividends and accumulated losses	(130,947,434)	(121,674,505)
Total stockholders' equity before noncontrolling interest	55,669,775	34,883,679
Noncontrolling interest	9,812,845	15,238,902
Total equity	65,482,620	50,122,581
TOTAL LIABILITIES AND EQUITY	161,196,763	185,568,616
Series D Preferred Stock [Member]
Equity:
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 920,000 and 0 shares issued and outstanding (liquidation preference $25.00 per share) as of December 31, 2021 and December 31, 2020, respectively	9,200	0
Common Class A [Member]
Equity:
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,599,720 shares and 9,508,363 shares were issued and outstanding at December 31, 2021 and December 31, 2020, respectively	$ 115,997	$ 95,038

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - $ / shares	Dec. 31, 2021	Dec. 31, 2020
Preferred stock, shares authorized (in shares)	1,000,000
Series D Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized (in shares)	1,000,000	1,000,000
Preferred stock, shares issued (in shares)	920,000	0
Preferred stock, shares outstanding (in shares)	920,000	0
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25
Common Class A [Member]
Common stock, par value (in dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized (in shares)	100,000,000	100,000,000
Common stock, shares issued (in shares)	11,599,720	9,508,363
Common stock, shares outstanding (in shares)	11,599,720	9,508,363

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenues:
Rental income	$ 18,420,257	$ 23,444,119
Fees and other income	810,852	907,673
Total revenue	19,231,109	24,351,792
Costs and expenses:
Rental operating costs	6,183,189	8,818,283
General and administrative	6,225,510	5,751,754
Depreciation and amortization	5,397,498	6,274,321
Impairment of real estate assets	608,000	1,730,851
Total costs and expenses	18,414,197	22,575,209
Other income (expense):
Interest and other income (expense), net	(3,417)	(20,636)
Gain on sales of real estate, net	2,487,528	1,245,460
Gain on extinguishment of government debt	10,000	451,785
Deferred offering costs	0	(530,639)
Income tax credit (expense)	47,620	(370,884)
Total other income (expense), net	(2,280,354)	(8,037,981)
Net loss	(1,463,442)	(6,261,398)
Less: Income attributable to noncontrolling interests	(2,162,140)	(1,412,507)
Net loss attributable to Presidio Property Trust, Inc. stockholders	(3,625,582)	(7,673,905)
Less: Preferred Stock Series D dividends	(1,173,948)	0
Net loss attributable to Presidio Property Trust, Inc. common stockholders	$ (4,799,530)	$ (7,673,905)
Net loss per share attributable to Presidio Property Trust, Inc. common stockholders:
Basic & Diluted (in dollars per share)	$ (0.46)	$ (0.85)
Weighted average number of common shares outstanding - basic and diluted (in shares)	10,340,975	9,023,914
Mortgage Notes [Member]
Other income (expense):
Interest expense	$ (4,542,712)	$ (6,097,834)
Notes Payable [Member]
Other income (expense):
Interest expense	$ (279,373)	$ (2,715,233)

Consolidated Statements of Equi

Consolidated Statements of Equity - USD ($)	IPO [Member]Preferred Stock [Member]	IPO [Member]Common Stock [Member]	IPO [Member]Additional Paid-in Capital [Member]	IPO [Member]Retained Earnings [Member]	IPO [Member]Parent [Member]	IPO [Member]Noncontrolling Interest [Member]	IPO [Member]	Common Class A [Member]Preferred Stock [Member]	Common Class A [Member]Common Stock [Member]	Common Class A [Member]Additional Paid-in Capital [Member]	Common Class A [Member]Retained Earnings [Member]	Common Class A [Member]Parent [Member]	Common Class A [Member]Noncontrolling Interest [Member]	Common Class A [Member]	Series D Preferred Stock [Member]Preferred Stock [Member]	Series D Preferred Stock [Member]Common Stock [Member]	Series D Preferred Stock [Member]Additional Paid-in Capital [Member]	Series D Preferred Stock [Member]Retained Earnings [Member]	Series D Preferred Stock [Member]Parent [Member]	Series D Preferred Stock [Member]Noncontrolling Interest [Member]	Series D Preferred Stock [Member]	Preferred Stock [Member]		Common Stock [Member]		Additional Paid-in Capital [Member]		Retained Earnings [Member]		Parent [Member]		Noncontrolling Interest [Member]		Total
Balance (in shares) at Dec. 31, 2019																						0		8,881,842
Balance at Dec. 31, 2019																						$ 0		$ 88,818		$ 152,129,120		$ (113,037,144)		$ 39,180,794		$ 17,440,394		$ 56,621,188
Net income (loss)																						0		0		0		(7,673,905)		(7,673,905)		1,412,507		(6,261,398)
Shares issued, initial public offering (in shares)	0	500,000
Shares issued	$ 0	$ 5,000	$ 1,999,984	$ 0	$ 2,004,984	$ 0	$ 2,004,984
Dividends paid to Series A Common Stockholders								$ 0	$ 0	$ 0	$ (963,456)	$ (963,456)	$ 0	$ (963,456)
Distributions in excess of contributions received																						$ 0		$ 0		0		0		0		(2,366,009)		(2,366,009)
Repurchase of common stock (in shares)																						0		(3,000)
Repurchase of common stock																						$ 0		$ (30)		(17,970)		0		(18,000)		0		(18,000)
Share reconciliation adjustment (in shares)																						0		(16,080)
Share reconciliation adjustment																						$ 0		$ (162)		162		0		0		0		0
Issuance of stock for Limited Partnership interests (in shares)																						0		59,274
Issuance of stock for Limited Partnership interests																						$ 0		$ 594		1,247,396		0		1,247,990		(1,247,990)		0
Vesting of restricted Series A Common Stock (in shares)																						0		86,327
Vesting of restricted Series A Common Stock																						$ 0		$ 818		1,104,454		0		1,105,272		0		1,105,272
Balance (in shares) at Dec. 31, 2020																						0		9,508,363
Balance at Dec. 31, 2020																						$ 0		$ 95,038		156,463,146		(121,674,505)		34,883,679		15,238,902		50,122,581
Net income (loss)																						$ 0		$ 0		0		(3,625,582)		(3,625,582)		2,162,140		(1,463,442)
Shares issued, initial public offering (in shares)															920,000	0						0		2,000,000
Shares issued															$ 9,200	$ 0	$ 20,480,603	$ 0	$ 20,489,803	$ 0	$ 20,489,803	$ 0	[1]	$ 20,000	[1]	8,851,879	[1]	0	[1]	8,871,879	[1]	0	[1]	8,871,879	[1]
Dividends paid to Series A Common Stockholders								$ 0	$ 0	$ 0	$ (4,473,399)	$ (4,473,399)	$ 0	$ (4,473,399)
Distributions in excess of contributions received																						$ 0		$ 0		0		0		0		(7,588,197)		(7,588,197)
Repurchase of common stock (in shares)																						0		(29,721)
Repurchase of common stock																						$ 0		$ (252)		(110,379)		0		(110,631)		0		(110,631)
Vesting of restricted Series A Common Stock (in shares)																						0		121,078
Vesting of restricted Series A Common Stock																						$ 0		$ 1,211		806,763		0		807,974		0		807,974
Dividends to Series D Preferred Stockholders															$ 0	$ 0	$ 0	$ (1,173,948)	$ (1,173,948)	$ 0	$ (1,173,948)
Balance (in shares) at Dec. 31, 2021																						920,000		11,599,720
Balance at Dec. 31, 2021																						$ 9,200		$ 115,997		$ 186,492,012		$ (130,947,434)		$ 55,669,775		$ 9,812,845		$ 65,482,620
[1]	See Additional Offerings & Warrants in Note 1. ORGANIZATION AND BASIS OF PRESENTATION

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net loss	$ (1,463,442)	$ (6,261,398)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation and amortization	5,397,498	6,274,321
Stock compensation	1,614,228	1,105,272
Bad debt expense	164,623	77,898
Gain on sale of real estate assets, net	(2,487,528)	(1,245,460)
Gain on extinguishment of government debt	(10,000)	(451,785)
Net change in fair value of marketable securities	(39,429)	0
Impairment of real estate assets	608,000	1,730,851
Accretion of original issue discount	0	1,013,405
Amortization of financing costs	479,853	1,287,430
Amortization of above-market leases	42,064	50,682
Amortization of below-market leases	(60,203)	(170,887)
Straight-line rent adjustment	(231,577)	108,998
Changes in operating assets and liabilities:
Other assets	190,354	1,957,641
Accounts payable and accrued liabilities	(1,221,725)	(1,344,636)
Accrued real estate taxes	(607,773)	(438,915)
Net cash provided by operating activities	2,374,943	3,693,417
Cash flows from investing activities:
Real estate acquisitions	(22,224,826)	(10,161,613)
Additions to buildings and tenant improvements	(1,597,186)	(2,834,373)
Investment in marketable securities	(3,819,882)	0
Proceeds from sale of marketable securities	2,380,476	0
Additions to deferred leasing costs	(117,062)	(175,828)
Proceeds from sales of real estate, net	49,583,445	40,849,654
Net cash provided by investing activities	24,204,965	27,677,840
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs	11,703,440	14,152,838
Proceeds from government debt relief	0	451,785
Repayment of mortgage notes payable	(43,069,312)	(36,808,331)
Repayment of note payable	(7,675,598)	(6,324,401)
Payment of extension costs, note payable	0	(351,025)
Payment of deferred offering costs	(572,458)	(45,016)
Distributions to noncontrolling interests, net	(7,588,197)	(2,366,009)
Issuance of stock for Initial Public Offering, net of underwriters fees	0	2,050,000
Issuance of Common Stock Series A and warrants, net of offering costs	8,871,879	0
Issuance of Preferred Stock Series D, net of offering costs	20,489,803	0
Repurchase of common stock	(110,631)	(18,000)
Dividends paid to Series D preferred stockholders	(994,263)	0
Dividends paid to Series A common stockholders	(4,473,399)	(963,456)
Net cash used in financing activities	(23,418,736)	(30,221,615)
Net increase in cash equivalents and restricted cash	3,161,172	1,149,642
Cash, cash equivalents and restricted cash - beginning of period	11,540,917	10,391,275
Cash, cash equivalents and restricted cash - end of period	14,702,089	11,540,917
Supplemental disclosure of cash flow information:
Interest paid-mortgage notes payable	4,320,174	5,892,025
Interest paid-notes payable	103,861	778,414
Unpaid deferred financing costs	15,449	83,659
Non-cash financing activities:
Issuance of stock for limited partnership interests	0	1,247,990
Dividends payable - Preferred Stock Series D	$ 179,685	$ 0

Note 1 - Organization and Basis

Note 1 - Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Organization September 28, 1999, August 2010, October 2017, two The Company or one • The Company is the sole general partner and limited partner in two • The Company is the general partner and/or limited partner in six #202, #203, #204, #205, #206, The Company has determined that the limited partnerships in which it owns less than 100%, Unit-based information used herein (such as references to square footage or property occupancy rates) is unaudited. We have elected to be taxed as a REIT under Sections 856 860 90% not We, together with one no Reverse Stock Split July 29, 2020, one two Initial Public Offering October 6, 2020, not Additional Offerings & Warrants 3 April 27, 2021. may one may 415 1933 July 12, 2021, 3 August 2021 five In connection with this additional offering, we agreed to issue the Placement Agent Warrants to purchase up to 80,000 shares (the “Placement Agent Warrants”) of Series A Common Stock, representing 4.0% of the Series A Common Stock and shares of Series A Common Stock issuable upon exercise of the Pre-Funded Warrants. The Placement Agent Warrants were issued in August 2021, five July 2021 11 September 14, 2021. The Company evaluated the accounting guidance in ASC 480 815 December 31, 2021, none Preferred Stock Series D June 15, 2021, June 17, 2021, Repaid Note. September 17, 2019, September 1, 2020, October 1, 2020 March 31, 2021, September 30, 2020, % on the unpaid principal balance of the Polar Note. The Company used the proceeds of the Polar Note to redeem all the outstanding shares of Series B Preferred Stock. As of December 31, 2020, first 2021, Liquidity. The Company's anticipated future sources of liquidity may 19, not may may We have of mortgage notes payable maturing in 2022 of mortgage notes payable maturing in 2022 As the Company continues its operations, it may no not twelve Segments. The Company acquires and o 14. Customer Concentration. one December 31, 2021 one December 31, 2020

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Basis of Presentation. Principles of Consolidation The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated net income (loss) in 2021 2020 February 2010. not Use of Estimates may Real Estate Assets and Lease Intangibles. The Company allocates the purchase price to tangible assets of an acquired property based on the estimated fair values of those tangible assets assuming the building was vacant. Estimates of fair value for land, building and building improvements are based on many factors including, but not third The value allocated to acquired lease intangibles is based on management’s evaluation of the specific characteristics of each tenant’s lease. Characteristics considered by management in allocating these values include the nature and extent of the existing business relationships with the tenant, growth prospects for developing new business with the tenant, the remaining term of the lease and the tenant’s credit quality, among other factors. The value allocable to the above-market or below-market component of an acquired in-place lease is determined based upon the present value (using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of rents that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of approximately $18,000 and $120,000 December 31, 2021 and 2020 , respectively. The value of in-place leases and unamortized lease origination costs are amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten third December 31, 2021 and 2020 , respectively. Real Estate Held for Sale and Discontinued Operations. for all periods presented if the operations have been eliminated and represent a strategic shift and we will not Impairments of Real Estate Assets. We regularly review for impairment on a property-by-property basis. Impairment is recognized on a property held for use when the expected undiscounted cash flows for a property are less than the carrying amount at which time the property is written-down to fair value. The calculation of both discounted and undiscounted cash flows requires management to make estimates of future cash flows including but not Properties held for sale are recorded at the lower of the carrying amount or the expected sales price less costs to sell. Although our strategy is to hold our properties over the long-term, if our strategy changes or market conditions otherwise dictate an earlier sale date, an impairment loss may During the year ended December 31, 2020 , the Company determined that an impairment existed in two fourth 2020, third March 31, 2021. May 2021. three December 31, 2021, 300 Intangible Assets . Intangible assets, including goodwill and lease intangibles, are comprised of finite- not not not December 31, 2021 2020 The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, no impairment was deemed to exist at December 31, 2021 2020 Depreciation and Amortization. December 31, 2021 2020 Cash, Cash Equivalents and Restricted Cash. three may $250,000 No December 31, 2021 December 31, 2021 Accounts Receivables. due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from straight lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. As of December 31, 2021 and 2020 , the balance of allowance for possible uncollectable tenant receivables included in other assets, net in the accompanying consolidated balance sheets was approximately $70,000 and $70,000, respectively. Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five third December 31, 2021 2020 December 31, 2021 2020 Deferred Financing Costs. Costs incurred, including legal fees, origination fees, and administrative fees, in connection with debt financing are capitalized as deferred financing costs, are amortized using the straight line method, which approximates the effective interest method, over the contractual term of the respective loans and recorded as an offset to the carrying value of the debt. At December 31, 2021 and 2020 , unamortized deferred financing costs related to mortgage notes payable were approximately $0 and $0.2 million. For the years ended December 31, 2021 and 2020 , total amortization expense related to the mortgage notes payable deferred financing costs was approximately $0.2 million and $0.9 million, respectively. Amortization of deferred financing costs are included in interest expense in the accompanying consolidated statements of operations. Deferred Offering Costs. Deferred offering costs represent legal, accounting and other direct costs related to our offerings. As of December 31, 2021 , we have incurred an aggregate of $0.1 million in direct costs related to our offering of common and preferred stock in connection with the These costs were deferred and recorded as a long-term asset at December 31, 2021 . December 31, 2020, 3 December 29, 2020. December 31, 2020. October 2020. Income Taxes. We have elected to be taxed as a REIT under Sections 856 860 not December 31, 2021 , we have estimated approximately $18.0 million of Federal net operating loss (NOLs) carryforwards to offset potential future federal tax obligations. We may not We, together with our subsidiary, NetREIT Dubose, have elected to treat such subsidiary as taxable REIT subsidiary (a “TRS”) for federal income tax purposes. Certain activities that we undertake must be conducted by a TRS, such as non-customary services for our tenants, and holding assets that we cannot hold directly. A TRS is subject to federal and state income taxes. The Company has concluded that there are no Fair Value Measurements. Level 1 Level 2 Level 3 Fair value is defined as the price at which an asset or liability is exchanged between market participants in an orderly transaction at the reporting date. Cash equivalents, mortgage notes receivable, tenant receivable and payables and accrued liabilities all approximate fair value due to their short-term nature. During the year ended December 31, 2021 two 3 December 31, 2021 2020 When available, we utilize quoted market prices from independent third 1 2 . not not third may third not December 31, 2021 2020 1 December 31, 2021 2020 . Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not may not Sales of Real Estate Assets January 1, 2018, 610 20, 610 20” not 610 20. ASC 610 20 No. 2014 9. 610 20, not Revenue Recognition and Accounts Receivables not not • whether the lease stipulates how a tenant improvement allowance may • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectability of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one not no Income (Loss) per Common Share. omputation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not December 31, 2021 and 2020 , the basic and diluted net loss per share are equivalent at and per share becau Recently Issued Accounting Pronouncements. June 2017, No. 2016 13, Financial Instruments Credit Losses, February 2020 No. 2020 02, Financial Instruments Credit Losses (Topic 326 842 2016 13 2016 13 2016 13 December 15, 2019, 2020 02 December 15, 2022. not In August 2020, No. 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 s Own Equity (Subtopic 815 40 no No. 2020 06 December 15, 2021, no December 15, 2020, not

Note 3 - Recent Real Estate Tra

Note 3 - Recent Real Estate Transactions	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Acquisitions during the year ended December 31, 2021 • On August 17, 2021, 1031 • On December 22, 2021, five • We acquired Model Home Properties and leased them back to the home December 31, 2021 Acquisitions during the year ended December 31, 2020 • We acquired 28 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2020 Dispositions during the year ended December 31, 2021 We review our portfolio of investment properties for value appreciation potential on an ongoing basis, and dispose of any properties that no During year ended December 31, 2021 • Waterman Plaza, which was sold on January 28, 2021, • Garden Gateway, which was sold on February 19, 2021, • Highland Court, which was sold on May 20, 2021, • Executive Office Park, which was sold on May 21, 2021, • During the year ended December 31, 2021 Dispositions during the year ended December 31, 2020 During year ended December 31, 2020 • Centennial Tech Center, which was sold on February 5, 2020 • Union Terrace, which was sold on March 13, 2020 • One of four December 2, 2020 • During the year ended December 31, 2020

Note 4 - Real Estate Assets

Note 4 - Real Estate Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Real Estate Assets [Text Block]	4. The Company owns a diverse portfolio of real estate assets. The primary types of properties the Company invests in are office, industrial, retail, and NNN leased model home properties located primarily in Southern California and Colorado, with four four December 31, 2021 • Eight • Four • 92 homes owned by our affiliated limited partnerships and one six one The Company’s real estate assets consisted of the following as of December 31, 2021 2020 Date Real estate assets, net Property Name Acquired Location 2021 2020 Garden Gateway Plaza (1) March 2007 Colorado Springs, CO $ — $ 11,464,531 World Plaza (2) September 2007 San Bernardino, CA 9,272,213 9,272,213 Executive Office Park (1) July 2008 Colorado Springs, CO — 5,105,831 Waterman Plaza (1) August 2008 San Bernardino, CA — 3,500,002 Genesis Plaza (3) August 2010 San Diego, CA 8,310,803 8,651,177 Dakota Center May 2011 Fargo, ND 8,607,360 8,597,493 Grand Pacific Center (6) March 2014 Bismarck, ND 5,457,447 5,683,823 Arapahoe Center December 2014 Centennial, CO 8,821,278 9,233,078 Union Town Center December 2014 Colorado Springs, CO 9,169,387 9,344,563 West Fargo Industrial August 2015 Fargo, ND 7,025,325 7,061,122 300 N.P. August 2015 Fargo, ND 2,929,563 3,279,522 Research Parkway August 2015 Colorado Springs, CO 2,375,943 2,438,594 One Park Center August 2015 Westminster, CO 7,992,420 8,586,309 Highland Court (1)(4) August 2015 Centennial, CO — 10,500,001 Shea Center II December 2015 Highlands Ranch, CO 20,246,645 21,026,112 Mandolin (4) August 2021 Houston, TX 4,875,696 — Baltimore December 2021 Baltimore, MD 8,891,810 — Presidio Property Trust, Inc. properties 103,975,890 123,744,371 Model Home properties (5) 2014 2021 AZ, FL, IL, PA, TX, WI 34,089,046 42,509,596 Total real estate assets and lease intangibles, net $ 138,064,936 $ 166,253,967 ( 1 This property was sold during the year ended December 31, 2021 ( 2 This property is held for sale as of December 31, 2021 ( 3 Genesis Plaza is owned by two ( 4 A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 ( 5 Includes six December 31, 2021 ( 6 Property was listed as held for sale in February 2022. The Company’s commercial properties are leased to tenants under non-cancelable operating leases for which terms and expirations vary. Future minimum rental revenues under existing leases on Office/Industrial and Retail Properties as of December 31, 2021 2022 $ 3,362,188 2023 1,990,408 2024 1,136,825 2025 1,210,653 2026 2,218,671 Thereafter 1,540,799 Totals $ 11,459,544 The Company generally rents Model Home Properties to homebuilders under non-cancelable lease agreements with a term of 18 months with an option to extend in six December 31, 2021 2022 $ 2,121,864 2023 540,504 $ 2,662,368

Note 5 - Lease Intangibles

Note 5 - Lease Intangibles	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	5. Lease intangibles consist of the following: December 31, 2021 December 31, 2020 Lease Accumulated Lease Lease Accumulated Lease Intangibles Amortization Intangibles, net Intangibles Amortization Intangibles, net In-place leases $ 2,515,264 $ (2,353,782 ) $ 161,482 $ 3,136,587 $ (2,757,530 ) $ 379,057 Leasing costs 1,261,390 (1,165,701 ) 95,689 1,730,656 (1,510,559 ) 220,097 Above-market leases 333,485 (333,485 ) — 333,485 (291,421 ) 42,064 $ 4,110,139 $ (3,852,968 ) $ 257,171 $ 5,200,728 $ (4,559,510 ) $ 641,218 As of December 31, 2021 2020 December 31, 2021 2020 The net value of acquired intangible liabilities was approximately $73,000 $139,000 December 31, 2021 2020 Aggregate approximate amortization expense for the Company's lease intangible assets is as follows: 2022 $ 202,342 2023 17,526 2024 17,526 2025 15,670 2025 4,107 Thereafter — Total $ 257,171 The weighted average amortization period for the intangible assets as of December 31, 2021

Note 6 - Other Assets

Note 6 - Other Assets	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Other Assets Disclosure [Text Block]	6. Other assets consist of the following: December 31, December 31, 2021 2020 Deferred rent receivable $ 1,660,197 $ 1,912,048 Prepaid expenses, deposits and other 473,554 215,946 Investment in marketable securities, at fair value 1,514,483 83,241 Accounts receivable, net 401,927 541,885 Right-of-use assets, net 74,643 102,144 Other intangibles, net 82,483 142,483 Notes receivable 316,374 316,374 Deferred offering costs 134,843 108,660 Total other assets $ 4,658,504 $ 3,422,781 Periodically, the Company may third not 815 not may no may As of December 31, 2021 December 31, 2021 December 31, 2021 December 31, 2020, two

Note 7 - Mortgage Notes Payable

Note 7 - Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Mortgage Notes Payable Disclosure [Text Block]	7. Mortgage notes payable consisted of the following: Principal as of December 31, December 31, Loan Interest Mortgage note property 2021 2020 Type Rate (1) Maturity Waterman Plaza (2) $ — $ 3,207,952 Variable — — World Plaza (3) (4) — 5,802,568 Variable — — Garden Gateway Plaza (2) — 5,861,523 Fixed — — 300 N.P. (8) 2,232,923 2,273,478 Fixed 4.95 % 6/11/2022 Highland Court (2) — 6,274,815 Fixed 3.82 % — Dakota Center 9,677,108 9,900,279 Fixed 4.74 % 7/6/2024 Research Parkway 1,705,438 1,760,432 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,770,887 7,932,255 Fixed 4.34 % 1/5/2025 Union Town Center 8,173,568 8,315,550 Fixed 4.28 % 1/5/2025 One Park Centre 6,276,849 6,385,166 Fixed 4.77 % 9/5/2025 Genesis Plaza 6,168,604 6,276,273 Fixed 4.71 % 9/6/2025 Shea Center II 17,494,527 17,727,500 Fixed 4.92 % 1/5/2026 Executive Office Park (2) — 2,985,998 Fixed 4.83 % 6/1/2027 West Fargo Industrial 4,148,405 4,262,718 Fixed 3.27 % 8/5/2029 Grand Pacific Center (5) (7) 3,619,695 3,738,142 Fixed 4.02 % 8/1/2037 Subtotal, Presidio Property Trust, Inc. Properties $ 67,268,004 $ 92,704,649 Model Home mortgage notes (3) 22,154,128 28,083,356 Fixed (6 ) 2022 2024 Mortgage Notes Payable $ 89,422,132 $ 120,788,005 Unamortized loan costs (562,300 ) (758,309 ) Mortgage Notes Payable, net $ 88,859,832 $ 120,029,696 ( 1 Interest rates as of December 31, 2021 ( 2 Waterman Plaza and Garden Gateway Plaza were sold during the first 2021, second 2021. ( 3 Properties held for sale as of December 31, 2021 ( 4 During June 2021, ( 5 Interest rate is subject to reset on September 1, 2023. ( 6 Each Model Home has a stand-alone mortgage note at interest rates ranging from 2.5% to 4.33% at December 31, 2021 ( 7 Property was listed as held for sale in February 2022. ( 8 The mortgage note payable for 300 June 11, 2022, no The Company is in compliance with all material conditions and covenants of its mortgage notes payable. Scheduled principal payments of mortgage notes payable are as follows: Commercial Model Properties Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2022 3,577,700 8,633,455 $ 12,211,155 2023 1,406,466 4,376,107 5,782,573 2024 10,379,660 9,144,566 19,524,226 2025 28,782,401 — 28,782,401 2025 16,644,046 — 16,644,046 Thereafter 6,477,731 — 6,477,731 Total $ 67,268,004 $ 22,154,128 $ 89,422,132

Note 8 - Note Payable

Note 8 - Note Payable	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	8. On September 17, 2019, September 1, 2020 , October 1, 2020 March 31, 2021 , September 30, 2020 , December 31, 2020, September 17, 2019 October 1, 2020. no September 30, 2021 December 31, 2020. first 2021, On April 22, 2020, 19 not no 2020. August 17, 2020, twelve 3.75% August 17, 2050. 19 On April 30, 2020, 19 April 22, 2020, December 31, 2020, January 2021, June 5, 2020, 24 December 31, 2020. March 31, 2021, On April 1, 2021, #203 203" , April 30, 2022 . one April May 2021, 203 June 1, 2021, no June 2021 no On September 3, 2021, 202 204 four November 15, 2022. On August 17, 2021, August 17, 2022. On December 20, 2021, December 20, 2022.

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. The Company is obligated under certain tenant leases to fund tenant improvements and the expansion of the underlying leased properties. Litigation. may Environmental Matters. no not not mental liability with respect to the properties that would have a material effect on the Company’s financial condition, results of operations and cash flow. Further, the Company is not Financial Markets. 19 may may not Sponsorship of Special Purpose Acquisition Company January 7, 2022, $132,250,000 may three one The Sponsor purchased an aggregate of 828,750 units (the “placement units”) of the SPAC at a price of $10.00 per unit, for an aggregate purchase price of $8,287,500. The placement units were sold in a private placement that closed simultaneously with the closing of the SPAC initial public offering. The Sponsor has agreed to transfer an aggregate of 45,000 placement units (15,000 each) to each of Murphy Canyon’s independent directors. The SPAC's ability to complete a business combination may three six 6 $1,322,500, $0.10

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	10. Preferred Stock. may one On June 15, 2021, June 17, 2021, Dividends: Holders of shares of the Series D Preferred Stock are entitled to receive cumulative cash dividends at a rate of 9.375% per annum of the $25.00 per share liquidation preference (equivalent to $2.34375 per annum per share). Dividends will be payable monthly on the 15th not may Voting Rights: Holders of shares of the Series D Preferred Stock will generally have no not eighteen not may two In addition, the affirmative vote of the holders of at least two may Liquidation Preference In the event of the Company’s voluntary or involuntary liquidation, dissolution or winding up, the holders of shares of Series D Preferred Stock will be entitled to be paid out of the assets the Company has legally available for distribution to its stockholders, subject to the preferential rights of the holders of any class or series of its stock the Company may $25.00 not may In the event that, upon any such voluntary or involuntary liquidation, dissolution or winding up, the Company’s available assets are insufficient to pay the amount of the liquidating distributions on all outstanding shares of Series D Preferred Stock and the corresponding amounts payable on all shares of other classes or series of the Company’s stock that it issues ranking on parity with the Series D Preferred Stock in the distribution of assets, then the holders of the Series D Preferred Stock and all other such classes or series of stock shall share ratably in any such distribution of assets in proportion to the full liquidating distributions to which they would otherwise be respectively entitled. Redemption: Commencing on or after June 15, 2026, may not June 15, 2026, may $25.00 not no not not The Company evaluated the accounting guidance in ASC 480 June 24, 2021, first June 15, 2021 June 30, 2021. December 2021 15th December 31, 2021 Common Stock. not one not not one On July 12, 2021, August 2021 five In connection with thi s additional offering, we agreed to issue the Placement Agent Warrants to purchase up to 80,000 shares of Series A Common Stock, representing 4.0% of the Series A Common Stock and shares of Series A Common Stock issuable upon exercise of the Pre-Funded Warrant. The Placement Agent Warrants were issued in August 2021, five The Company evaluated the accounting guidance in ASC 480 815 December 31, 2021 , none Stock Repurchase Program . On September 17, 2021, September 2021, December 2021, Cash Dividends. For the year ended December 31, 2021 , the Company declared and paid cash dividends of approximately $4.5 million. For the year ended December 31, 2020 the Company declared and paid $1.1 million. December 31, 2021 2020 no Series A Common Stock Month 2021 2020 Cash Dividend Cash Dividend March 31 $ 0.101 $ — June 30 0.102 — September 30 0.103 — December 31 0.104 0.100 Total $ 0.410 $ 0.100 Series D Preferred Stock Month 2021 2020 Distributions Declared Distributions Declared January $ — $ — February — — March — — April — — May — — June 0.10417 — July 0.19531 — August 0.19531 — September 0.19531 — October 0.19531 — November 0.19531 — December 31 0.19531 — Total $ 1.27603 — Partnership Interests. two five first five one Dividend Reinvestment Plan. may thirty January 23, 2012, December 7, 2018 October 6, 2020 December 31, 2021 December 31, 2021 2020

Note 11 - Share-based Incentive

Note 11 - Share-based Incentive Plan	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Share-based Payment Arrangement [Text Block]	11. The Company maintains a restricted stock incentive plan for the purpose of attracting and retaining officers, employees, and non-employee board members. Share awards generally vest in equal annual installments over a three ten A summary of the activity for the Company’s restricted stock was as follows: Outstanding shares: Common Shares Balance at December 31, 2020 126,190 Granted 320,096 Forfeited (29,737 ) Vested (121,078 ) Balance at December 31, 2021 295,471 The non-vested restricted shares outstanding as of December 31, 2021 will vest over the next one six Share-based compensation expense for the years ended December 31, 2021 and 2020 was approximately $1.6 million and , respectively. As of December 31, 2021 December 31, 2020,

Note 12 - Segments

Note 12 - Segments	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12. The Company’s reportable segments consist of the three types of commercial real estate properties for which the Company’s decision-makers internally evaluate operating performance and financial results: Office/Industrial Properties, Model Homes and Retail Properties. The Company also has certain corporate level activities including accounting, finance, legal administration and management information systems which are not 2. no The Company evaluates the performance of its segments based upon net operating income (“NOI”), which is a non-GAAP supplemental financial measure. The Company defines NOI for its segments as operating revenues (rental income, tenant reimbursements and other operating income) less property and related expenses (property operating expenses, real estate taxes, insurance, asset management fees, impairments and provision for bad debt) excluding interest expense. NOI excludes certain items that are not The following tables reconcile the Company’s segment activity to its results of operations and financial position as of and for the years ended December 31, 2021 2020 For the Year Ended December 31, 2021 2020 Office/Industrial Properties: Rental, fees and other income $ 13,161,268 $ 17,128,687 Property and related expenses (5,769,843 ) (7,977,561 ) Net operating income, as defined 7,391,425 9,151,126 Model Home Properties: Rental, fees and other income 3,211,149 4,251,980 Property and related expenses (129,389 ) (202,667 ) Net operating income, as defined 3,081,760 4,049,313 Retail Properties: Rental, fees and other income 3,023,316 2,971,125 Property and related expenses (1,056,581 ) (2,368,906 ) Net operating (loss) income, as defined 1,966,735 602,219 Reconciliation to net loss: Total net operating income, as defined, for reportable segments 12,439,920 13,802,658 General and administrative expenses (6,225,510 ) (5,751,754 ) Depreciation and amortization (5,397,498 ) (6,274,321 ) Interest expense (4,822,085 ) (8,813,067 ) Deferred offering costs — (530,639 ) Gain on extinguishment of government debt 10,000 451,785 Other income (expense), net (3,417 ) (20,636 ) Income tax expense 47,620 (370,884 ) Gain on sale of real estate 2,487,528 1,245,460 Net loss $ (1,463,442 ) $ (6,261,398 ) December 31, December 31, Assets by Reportable Segment: 2021 2020 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 78,240,086 $ 99,120,649 Total assets (2) $ 76,453,436 $ 100,046,782 Model Home Properties: Land, buildings and improvements, net (1) $ 34,089,046 $ 42,509,596 Total assets (2) $ 31,047,202 $ 42,246,022 Retail Properties: Land, buildings and improvements, net (1) $ 25,693,239 $ 24,555,371 Total assets (2) $ 27,579,469 $ 26,108,109 Reconciliation to Total Assets: Total assets for reportable segments $ 135,080,107 $ 168,400,913 Other unallocated assets: Cash, cash equivalents and restricted cash 6,738,345 2,149,088 Other assets, net 19,378,311 15,018,615 Total Assets $ 161,196,763 $ 185,568,616 ( 1 Includes lease intangibles and the land purchase option related to property acquisitions. ( 2 Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. For the Year Ended December 31, Capital Expenditures by Reportable Segment 2021 2020 Office/Industrial Properties: Acquisition of operating properties $ 8,891,810 $ — Capital expenditures and tenant improvements 1,513,362 2,825,169 Model Home Properties: Acquisition of operating properties 8,426,750 10,161,613 Retail Properties: Acquisition of operating properties 4,906,266 — Capital expenditures and tenant improvements 83,824 9,205 Totals: Acquisition of operating properties, net 22,224,826 10,161,613 Capital expenditures and tenant improvements 1,597,186 2,834,373 Total real estate investments $ 23,822,012 $ 12,995,986

Note 13 - Subsequent Events

Note 13 - Subsequent Events	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
Subsequent Events [Text Block]	13. Sponsorship of Special Purpose Acquisition Company On January 7, 2022, February 2, 2022 one one one February 3, 2022. February 7, 2022, Immediately following the IPO, Murphy Canyon began to evaluate acquisition candidates in the real estate industry, including construction, homebuilding, real estate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space with an aggregate combined enterprise value of approximately $300 million to $1.2 billion. Murphy Canyon’s goal is to complete its initial business combination (“IBC”) within one The $7,540,000 to purchase the placement units was funded with the use of our unrestricted cash on hand, which totaled approximately $10 million as of December 31, 2021. February 7, 2022. not Warrant Dividend We set a record date of January 14, 2022 five January 21, 2022. January 24, 2022 January 14, 2022 January 21, 2022. one five not 1/10 During January, February March 2022, On March 1, 2022, first 2022. March 28, 2022, March 16, 2022. In February 2022, December 31, 2021, On March 11, 2022, third On March 28, 2022, 2022 not

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2021
Notes to Financial Statements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]	Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2021 All amounts are in thousands Initial Cost Total Cost (1) Property Name/ Location Encumbrances Land Cost Building & Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Amortization Reserve for Impairment NBV Real Estate Date Acquired Year Built / Renovated Genesis Plaza, San Diego, CA $ 6,169 $ 1,400 $ 8,600 $ 10,000 $ 2,661 $ 1,400 $ 11,261 $ 12,661 $ 4,350 $ — $ 8,311 08/10 1989 Dakota Center, Fargo, ND 9,677 832 8,743 9,575 2,876 832 11,619 12,451 3,844 — 8,607 05/11 1982 Grand Pacific Center, Bismarck, ND (3) 3,620 413 4,926 5,339 2,124 413 7,050 7,463 2,006 — 5,457 03/14 1976 Arapahoe Center, Centennial, CO 7,771 1,420 10,430 11,850 592 1,420 11,022 12,442 3,621 — 8,821 12/14 2000 West Fargo Industrial, Fargo, ND 4,148 1,693 6,207 7,900 351 1,693 6,558 8,251 1,226 — 7,025 08/15 1998/2005 300 N.P., Fargo, ND 2,233 135 3,715 3,850 273 135 3,988 4,123 885 308 2,930 08/15 1922 One Park Centre, Westminster, CO 6,277 1,206 7,944 9,150 1,398 1,206 9,342 10,548 2,555 — 7,992 08/15 1983 Shea Center II, Highlands Ranch, CO 17,495 2,214 23,747 25,961 2,281 2,214 26,028 28,241 7,995 — 20,247 12/15 2000 Baltimore, Baltimore, MD — 2,668 6,224 8,892 0 2,668 6,224 8,892 — 8,892 12/20 2006 Total Office/ Industrial properties 57,389 11,981 80,536 92,517 12,556 11,981 93,092 105,073 26,482 308 78,283 World Plaza , San Bernardino, CA (2) — 1,698 6,232 7,930 4,289 1,698 10,521 12,219 2,246 700 9,272 09/07 1974 Union Town Center, Colorado Springs, CO 8,174 1,750 9,462 11,212 67 1,750 9,529 11,279 2,110 — 9,169 12/14 2003 Research Parkway, Colorado Springs, CO 1,705 408 2,442 2,850 (50 ) 408 2,392 2,799 424 — 2,376 08/16 2003 Mandolin, Houston, TX — 1,330 3,562 4,892 15 1,330 3,577 4,906 31 — 4,876 08/21 2021 Total Retail properties 9,879 5,186 21,698 26,884 4,320 5,186 26,018 31,203 4,810 700 25,693 Model Homes-DMH LP #202 822 235 1,435 1,670 — 235 1,435 1,670 141 — 1,529 2017 2018 2017 2018 Model Homes-DMH LP #203 3,273 1,080 4,697 5,777 — 1,080 4,697 5,777 412 — 5,365 2016 2019 2016 2019 Model Homes-DMH LP #204 2,810 980 4,903 5,883 — 980 4,903 5,883 361 — 5,522 2018 2020 2018 2020 Model Homes-DMH LP #205 4,207 1,260 5,223 6,482 — 1,260 5,223 6,482 280 — 6,202 2019 2020 2019 2020 Model Homes-DMH LP #206 2,097 392 2,740 3,132 — 392 2,740 3,132 75 — 3,057 2020 2021 2020 2021 Model Homes-NMH Inc. 8,945 1,881 10,920 12,801 — 1,881 10,920 12,801 388 — 12,413 2017 2021 2017 2021 Total Model Home properties 22,154 5,828 29,917 35,746 — 5,828 29,917 35,746 1,657 — 34,089 - CONSOLIDATED TOTALS: $ 89,422 $ 22,995 $ 132,151 $ 155,146 $ 16,876 $ 22,995 $ 149,028 $ 172,022 $ 32,949 $ 1,008 $ 138,065 ( 1 ( 2 December 31, 2021 ( 3 February 2022. Presidio Property Trust, Inc. and Subsidiaries Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2021 For the Year Ended December 31, 2021 2020 Real estate Balance at the beginning of the year $ 208,641,166 $ 244,320,582 Acquisitions 22,224,826 10,161,613 Improvements 1,598,105 2,834,367 Impairments (608,000 ) (1,730,851 ) Dispositions of real estate (60,842,404 ) (46,944,545 ) Balance at the end of the year $ 171,013,693 $ 208,641,166 Accumulated depreciation and amortization Balance at the beginning of the year $ (42,387,199 ) $ (44,113,962 ) Depreciation and amortization expense (5,029,579 ) (5,938,958 ) Dispositions of real estate 14,468,021 7,665,721 Balance at the end of the year $ (32,948,757 ) $ (42,387,199 ) Real estate assets, net $ 138,064,936 $ 166,253,967

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2021
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated net income (loss) in 2021 2020 February 2010. not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates may
Real Estate, Policy [Policy Text Block]	Real Estate Assets and Lease Intangibles. The Company allocates the purchase price to tangible assets of an acquired property based on the estimated fair values of those tangible assets assuming the building was vacant. Estimates of fair value for land, building and building improvements are based on many factors including, but not third The value allocated to acquired lease intangibles is based on management’s evaluation of the specific characteristics of each tenant’s lease. Characteristics considered by management in allocating these values include the nature and extent of the existing business relationships with the tenant, growth prospects for developing new business with the tenant, the remaining term of the lease and the tenant’s credit quality, among other factors. The value allocable to the above-market or below-market component of an acquired in-place lease is determined based upon the present value (using a market discount rate) of the difference between (i) the contractual rents to be paid pursuant to the lease over its remaining term, and (ii) management’s estimate of rents that would be paid using fair market rates over the remaining term of the lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of approximately $18,000 and $120,000 December 31, 2021 and 2020 , respectively. The value of in-place leases and unamortized lease origination costs are amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten third December 31, 2021 and 2020 , respectively.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale and Discontinued Operations. for all periods presented if the operations have been eliminated and represent a strategic shift and we will not
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairments of Real Estate Assets. We regularly review for impairment on a property-by-property basis. Impairment is recognized on a property held for use when the expected undiscounted cash flows for a property are less than the carrying amount at which time the property is written-down to fair value. The calculation of both discounted and undiscounted cash flows requires management to make estimates of future cash flows including but not Properties held for sale are recorded at the lower of the carrying amount or the expected sales price less costs to sell. Although our strategy is to hold our properties over the long-term, if our strategy changes or market conditions otherwise dictate an earlier sale date, an impairment loss may During the year ended December 31, 2020 , the Company determined that an impairment existed in two fourth 2020, third March 31, 2021. May 2021. three December 31, 2021, 300
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets . Intangible assets, including goodwill and lease intangibles, are comprised of finite- not not not December 31, 2021 2020 The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. Based on the review, no impairment was deemed to exist at December 31, 2021 2020
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization. December 31, 2021 2020
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents and Restricted Cash. three may $250,000 No December 31, 2021 December 31, 2021
Receivable [Policy Text Block]	Accounts Receivables. due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Company maintains an allowance for deferred rent receivable that arises from straight lining of rents. The Company exercises judgment in establishing these allowances and considers payment history and current credit status of its tenants in developing these estimates. As of December 31, 2021 and 2020 , the balance of allowance for possible uncollectable tenant receivables included in other assets, net in the accompanying consolidated balance sheets was approximately $70,000 and $70,000, respectively.
Deferred Charges, Policy [Policy Text Block]	Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five third December 31, 2021 2020 December 31, 2021 2020 Deferred Financing Costs. Costs incurred, including legal fees, origination fees, and administrative fees, in connection with debt financing are capitalized as deferred financing costs, are amortized using the straight line method, which approximates the effective interest method, over the contractual term of the respective loans and recorded as an offset to the carrying value of the debt. At December 31, 2021 and 2020 , unamortized deferred financing costs related to mortgage notes payable were approximately $0 and $0.2 million. For the years ended December 31, 2021 and 2020 , total amortization expense related to the mortgage notes payable deferred financing costs was approximately $0.2 million and $0.9 million, respectively. Amortization of deferred financing costs are included in interest expense in the accompanying consolidated statements of operations. Deferred Offering Costs. Deferred offering costs represent legal, accounting and other direct costs related to our offerings. As of December 31, 2021 , we have incurred an aggregate of $0.1 million in direct costs related to our offering of common and preferred stock in connection with the These costs were deferred and recorded as a long-term asset at December 31, 2021 . December 31, 2020, 3 December 29, 2020. December 31, 2020. October 2020.
Income Tax, Policy [Policy Text Block]	Income Taxes. We have elected to be taxed as a REIT under Sections 856 860 not December 31, 2021 , we have estimated approximately $18.0 million of Federal net operating loss (NOLs) carryforwards to offset potential future federal tax obligations. We may not We, together with our subsidiary, NetREIT Dubose, have elected to treat such subsidiary as taxable REIT subsidiary (a “TRS”) for federal income tax purposes. Certain activities that we undertake must be conducted by a TRS, such as non-customary services for our tenants, and holding assets that we cannot hold directly. A TRS is subject to federal and state income taxes. The Company has concluded that there are no
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements. Level 1 Level 2 Level 3 Fair value is defined as the price at which an asset or liability is exchanged between market participants in an orderly transaction at the reporting date. Cash equivalents, mortgage notes receivable, tenant receivable and payables and accrued liabilities all approximate fair value due to their short-term nature. During the year ended December 31, 2021 two 3 December 31, 2021 2020 When available, we utilize quoted market prices from independent third 1 2 . not not third may third not December 31, 2021 2020 1 December 31, 2021 2020 . Additionally, when determining the fair value of a liability in circumstances in which a quoted price in an active market for an identical liability is not may not
Revenue [Policy Text Block]	Sales of Real Estate Assets January 1, 2018, 610 20, 610 20” not 610 20. ASC 610 20 No. 2014 9. 610 20, not Revenue Recognition and Accounts Receivables not not • whether the lease stipulates how a tenant improvement allowance may • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectability of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one not no
Earnings Per Share, Policy [Policy Text Block]	Income (Loss) per Common Share. omputation of Basic EPS except that the Denominator is increased to include the number of additional common shares that would have been outstanding if the dilutive potential common shares had been issued. In addition, in computing the dilutive effect of convertible securities, the Numerator is adjusted to add back the after-tax amount of interest recognized in the period associated with any convertible debt. The computation of Diluted EPS does not December 31, 2021 and 2020 , the basic and diluted net loss per share are equivalent at and per share becau
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Pronouncements. June 2017, No. 2016 13, Financial Instruments Credit Losses, February 2020 No. 2020 02, Financial Instruments Credit Losses (Topic 326 842 2016 13 2016 13 2016 13 December 15, 2019, 2020 02 December 15, 2022. not In August 2020, No. 2020 06, Debt Debt with Conversion and Other Options (Subtopic 470 20 s Own Equity (Subtopic 815 40 no No. 2020 06 December 15, 2021, no December 15, 2020, not

Note 4 - Real Estate Assets (Ta

Note 4 - Real Estate Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Date Real estate assets, net Property Name Acquired Location 2021 2020 Garden Gateway Plaza (1) March 2007 Colorado Springs, CO $ — $ 11,464,531 World Plaza (2) September 2007 San Bernardino, CA 9,272,213 9,272,213 Executive Office Park (1) July 2008 Colorado Springs, CO — 5,105,831 Waterman Plaza (1) August 2008 San Bernardino, CA — 3,500,002 Genesis Plaza (3) August 2010 San Diego, CA 8,310,803 8,651,177 Dakota Center May 2011 Fargo, ND 8,607,360 8,597,493 Grand Pacific Center (6) March 2014 Bismarck, ND 5,457,447 5,683,823 Arapahoe Center December 2014 Centennial, CO 8,821,278 9,233,078 Union Town Center December 2014 Colorado Springs, CO 9,169,387 9,344,563 West Fargo Industrial August 2015 Fargo, ND 7,025,325 7,061,122 300 N.P. August 2015 Fargo, ND 2,929,563 3,279,522 Research Parkway August 2015 Colorado Springs, CO 2,375,943 2,438,594 One Park Center August 2015 Westminster, CO 7,992,420 8,586,309 Highland Court (1)(4) August 2015 Centennial, CO — 10,500,001 Shea Center II December 2015 Highlands Ranch, CO 20,246,645 21,026,112 Mandolin (4) August 2021 Houston, TX 4,875,696 — Baltimore December 2021 Baltimore, MD 8,891,810 — Presidio Property Trust, Inc. properties 103,975,890 123,744,371 Model Home properties (5) 2014 2021 AZ, FL, IL, PA, TX, WI 34,089,046 42,509,596 Total real estate assets and lease intangibles, net $ 138,064,936 $ 166,253,967
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]	2022 $ 3,362,188 2023 1,990,408 2024 1,136,825 2025 1,210,653 2026 2,218,671 Thereafter 1,540,799 Totals $ 11,459,544 2022 $ 2,121,864 2023 540,504 $ 2,662,368

Note 5 - Lease Intangibles (Tab

Note 5 - Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	December 31, 2021 December 31, 2020 Lease Accumulated Lease Lease Accumulated Lease Intangibles Amortization Intangibles, net Intangibles Amortization Intangibles, net In-place leases $ 2,515,264 $ (2,353,782 ) $ 161,482 $ 3,136,587 $ (2,757,530 ) $ 379,057 Leasing costs 1,261,390 (1,165,701 ) 95,689 1,730,656 (1,510,559 ) 220,097 Above-market leases 333,485 (333,485 ) — 333,485 (291,421 ) 42,064 $ 4,110,139 $ (3,852,968 ) $ 257,171 $ 5,200,728 $ (4,559,510 ) $ 641,218
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2022 $ 202,342 2023 17,526 2024 17,526 2025 15,670 2025 4,107 Thereafter — Total $ 257,171

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, December 31, 2021 2020 Deferred rent receivable $ 1,660,197 $ 1,912,048 Prepaid expenses, deposits and other 473,554 215,946 Investment in marketable securities, at fair value 1,514,483 83,241 Accounts receivable, net 401,927 541,885 Right-of-use assets, net 74,643 102,144 Other intangibles, net 82,483 142,483 Notes receivable 316,374 316,374 Deferred offering costs 134,843 108,660 Total other assets $ 4,658,504 $ 3,422,781

Note 7 - Mortgage Notes Payab_2

Note 7 - Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Debt [Table Text Block]	Principal as of December 31, December 31, Loan Interest Mortgage note property 2021 2020 Type Rate (1) Maturity Waterman Plaza (2) $ — $ 3,207,952 Variable — — World Plaza (3) (4) — 5,802,568 Variable — — Garden Gateway Plaza (2) — 5,861,523 Fixed — — 300 N.P. (8) 2,232,923 2,273,478 Fixed 4.95 % 6/11/2022 Highland Court (2) — 6,274,815 Fixed 3.82 % — Dakota Center 9,677,108 9,900,279 Fixed 4.74 % 7/6/2024 Research Parkway 1,705,438 1,760,432 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,770,887 7,932,255 Fixed 4.34 % 1/5/2025 Union Town Center 8,173,568 8,315,550 Fixed 4.28 % 1/5/2025 One Park Centre 6,276,849 6,385,166 Fixed 4.77 % 9/5/2025 Genesis Plaza 6,168,604 6,276,273 Fixed 4.71 % 9/6/2025 Shea Center II 17,494,527 17,727,500 Fixed 4.92 % 1/5/2026 Executive Office Park (2) — 2,985,998 Fixed 4.83 % 6/1/2027 West Fargo Industrial 4,148,405 4,262,718 Fixed 3.27 % 8/5/2029 Grand Pacific Center (5) (7) 3,619,695 3,738,142 Fixed 4.02 % 8/1/2037 Subtotal, Presidio Property Trust, Inc. Properties $ 67,268,004 $ 92,704,649 Model Home mortgage notes (3) 22,154,128 28,083,356 Fixed (6 ) 2022 2024 Mortgage Notes Payable $ 89,422,132 $ 120,788,005 Unamortized loan costs (562,300 ) (758,309 ) Mortgage Notes Payable, net $ 88,859,832 $ 120,029,696
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Commercial Model Properties Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2022 3,577,700 8,633,455 $ 12,211,155 2023 1,406,466 4,376,107 5,782,573 2024 10,379,660 9,144,566 19,524,226 2025 28,782,401 — 28,782,401 2025 16,644,046 — 16,644,046 Thereafter 6,477,731 — 6,477,731 Total $ 67,268,004 $ 22,154,128 $ 89,422,132

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2021
Common Class A [Member]
Notes Tables
Dividends Declared [Table Text Block]	Month 2021 2020 Cash Dividend Cash Dividend March 31 $ 0.101 $ — June 30 0.102 — September 30 0.103 — December 31 0.104 0.100 Total $ 0.410 $ 0.100 Month 2021 2020 Distributions Declared Distributions Declared January $ — $ — February — — March — — April — — May — — June 0.10417 — July 0.19531 — August 0.19531 — September 0.19531 — October 0.19531 — November 0.19531 — December 31 0.19531 — Total $ 1.27603 —

Note 11 - Share-based Incenti_2

Note 11 - Share-based Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Share-based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Outstanding shares: Common Shares Balance at December 31, 2020 126,190 Granted 320,096 Forfeited (29,737 ) Vested (121,078 ) Balance at December 31, 2021 295,471

Note 12 - Segments (Tables)

Note 12 - Segments (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	For the Year Ended December 31, 2021 2020 Office/Industrial Properties: Rental, fees and other income $ 13,161,268 $ 17,128,687 Property and related expenses (5,769,843 ) (7,977,561 ) Net operating income, as defined 7,391,425 9,151,126 Model Home Properties: Rental, fees and other income 3,211,149 4,251,980 Property and related expenses (129,389 ) (202,667 ) Net operating income, as defined 3,081,760 4,049,313 Retail Properties: Rental, fees and other income 3,023,316 2,971,125 Property and related expenses (1,056,581 ) (2,368,906 ) Net operating (loss) income, as defined 1,966,735 602,219 Reconciliation to net loss: Total net operating income, as defined, for reportable segments 12,439,920 13,802,658 General and administrative expenses (6,225,510 ) (5,751,754 ) Depreciation and amortization (5,397,498 ) (6,274,321 ) Interest expense (4,822,085 ) (8,813,067 ) Deferred offering costs — (530,639 ) Gain on extinguishment of government debt 10,000 451,785 Other income (expense), net (3,417 ) (20,636 ) Income tax expense 47,620 (370,884 ) Gain on sale of real estate 2,487,528 1,245,460 Net loss $ (1,463,442 ) $ (6,261,398 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, December 31, Assets by Reportable Segment: 2021 2020 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 78,240,086 $ 99,120,649 Total assets (2) $ 76,453,436 $ 100,046,782 Model Home Properties: Land, buildings and improvements, net (1) $ 34,089,046 $ 42,509,596 Total assets (2) $ 31,047,202 $ 42,246,022 Retail Properties: Land, buildings and improvements, net (1) $ 25,693,239 $ 24,555,371 Total assets (2) $ 27,579,469 $ 26,108,109 Reconciliation to Total Assets: Total assets for reportable segments $ 135,080,107 $ 168,400,913 Other unallocated assets: Cash, cash equivalents and restricted cash 6,738,345 2,149,088 Other assets, net 19,378,311 15,018,615 Total Assets $ 161,196,763 $ 185,568,616
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	For the Year Ended December 31, Capital Expenditures by Reportable Segment 2021 2020 Office/Industrial Properties: Acquisition of operating properties $ 8,891,810 $ — Capital expenditures and tenant improvements 1,513,362 2,825,169 Model Home Properties: Acquisition of operating properties 8,426,750 10,161,613 Retail Properties: Acquisition of operating properties 4,906,266 — Capital expenditures and tenant improvements 83,824 9,205 Totals: Acquisition of operating properties, net 22,224,826 10,161,613 Capital expenditures and tenant improvements 1,597,186 2,834,373 Total real estate investments $ 23,822,012 $ 12,995,986

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation and Amortization (Tables)	12 Months Ended
	Dec. 31, 2021
Notes Tables
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table Text Block]	All amounts are in thousands Initial Cost Total Cost (1) Property Name/ Location Encumbrances Land Cost Building & Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Amortization Reserve for Impairment NBV Real Estate Date Acquired Year Built / Renovated Genesis Plaza, San Diego, CA $ 6,169 $ 1,400 $ 8,600 $ 10,000 $ 2,661 $ 1,400 $ 11,261 $ 12,661 $ 4,350 $ — $ 8,311 08/10 1989 Dakota Center, Fargo, ND 9,677 832 8,743 9,575 2,876 832 11,619 12,451 3,844 — 8,607 05/11 1982 Grand Pacific Center, Bismarck, ND (3) 3,620 413 4,926 5,339 2,124 413 7,050 7,463 2,006 — 5,457 03/14 1976 Arapahoe Center, Centennial, CO 7,771 1,420 10,430 11,850 592 1,420 11,022 12,442 3,621 — 8,821 12/14 2000 West Fargo Industrial, Fargo, ND 4,148 1,693 6,207 7,900 351 1,693 6,558 8,251 1,226 — 7,025 08/15 1998/2005 300 N.P., Fargo, ND 2,233 135 3,715 3,850 273 135 3,988 4,123 885 308 2,930 08/15 1922 One Park Centre, Westminster, CO 6,277 1,206 7,944 9,150 1,398 1,206 9,342 10,548 2,555 — 7,992 08/15 1983 Shea Center II, Highlands Ranch, CO 17,495 2,214 23,747 25,961 2,281 2,214 26,028 28,241 7,995 — 20,247 12/15 2000 Baltimore, Baltimore, MD — 2,668 6,224 8,892 0 2,668 6,224 8,892 — 8,892 12/20 2006 Total Office/ Industrial properties 57,389 11,981 80,536 92,517 12,556 11,981 93,092 105,073 26,482 308 78,283 World Plaza , San Bernardino, CA (2) — 1,698 6,232 7,930 4,289 1,698 10,521 12,219 2,246 700 9,272 09/07 1974 Union Town Center, Colorado Springs, CO 8,174 1,750 9,462 11,212 67 1,750 9,529 11,279 2,110 — 9,169 12/14 2003 Research Parkway, Colorado Springs, CO 1,705 408 2,442 2,850 (50 ) 408 2,392 2,799 424 — 2,376 08/16 2003 Mandolin, Houston, TX — 1,330 3,562 4,892 15 1,330 3,577 4,906 31 — 4,876 08/21 2021 Total Retail properties 9,879 5,186 21,698 26,884 4,320 5,186 26,018 31,203 4,810 700 25,693 Model Homes-DMH LP #202 822 235 1,435 1,670 — 235 1,435 1,670 141 — 1,529 2017 2018 2017 2018 Model Homes-DMH LP #203 3,273 1,080 4,697 5,777 — 1,080 4,697 5,777 412 — 5,365 2016 2019 2016 2019 Model Homes-DMH LP #204 2,810 980 4,903 5,883 — 980 4,903 5,883 361 — 5,522 2018 2020 2018 2020 Model Homes-DMH LP #205 4,207 1,260 5,223 6,482 — 1,260 5,223 6,482 280 — 6,202 2019 2020 2019 2020 Model Homes-DMH LP #206 2,097 392 2,740 3,132 — 392 2,740 3,132 75 — 3,057 2020 2021 2020 2021 Model Homes-NMH Inc. 8,945 1,881 10,920 12,801 — 1,881 10,920 12,801 388 — 12,413 2017 2021 2017 2021 Total Model Home properties 22,154 5,828 29,917 35,746 — 5,828 29,917 35,746 1,657 — 34,089 - CONSOLIDATED TOTALS: $ 89,422 $ 22,995 $ 132,151 $ 155,146 $ 16,876 $ 22,995 $ 149,028 $ 172,022 $ 32,949 $ 1,008 $ 138,065
Schedule of Investment in Real Estate and Accumulated Depreciation [Table Text Block]	For the Year Ended December 31, 2021 2020 Real estate Balance at the beginning of the year $ 208,641,166 $ 244,320,582 Acquisitions 22,224,826 10,161,613 Improvements 1,598,105 2,834,367 Impairments (608,000 ) (1,730,851 ) Dispositions of real estate (60,842,404 ) (46,944,545 ) Balance at the end of the year $ 171,013,693 $ 208,641,166 Accumulated depreciation and amortization Balance at the beginning of the year $ (42,387,199 ) $ (44,113,962 ) Depreciation and amortization expense (5,029,579 ) (5,938,958 ) Dispositions of real estate 14,468,021 7,665,721 Balance at the end of the year $ (32,948,757 ) $ (42,387,199 ) Real estate assets, net $ 138,064,936 $ 166,253,967

Note 1 - Organization and Bas_2

Note 1 - Organization and Basis of Presentation (Details Textual)

Jul. 12, 2021$ / sharesshares

Jun. 17, 2021USD ($)shares

Jun. 17, 2021USD ($)shares

Jun. 15, 2021USD ($)$ / sharesshares

Oct. 06, 2020USD ($)$ / sharesshares

Jul. 29, 2020

Sep. 30, 2021shares

Dec. 31, 2021USD ($)shares

Dec. 31, 2020USD ($)

Dec. 31, 2016

Aug. 31, 2021$ / sharesshares

Apr. 27, 2021USD ($)

Sep. 30, 2020

Sep. 01, 2020USD ($)

Sep. 17, 2019USD ($)

Jan. 23, 2012$ / shares

Number of Limited Liability Companies

2

5

Number of Limited Partnerships in which Company is Sole General Partner

1

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 19

Proceeds from Issuance of Common Stock

$ 0

$ 2,050,000

Equity Offering, Maximum Gross Proceeds

$ 200,000,000

Proceeds from Issuance of Preferred Stock and Preference Stock

20,489,803

$ 0

Long-Term Debt, Maturity, Year One

$ 12,211,155

Number of Reportable Segments

3

Customer Concentration Risk [Member] | Rental Income [Member]

Number of Tenants

1

1

Customer Concentration Risk [Member] | Rental Income [Member] | One Tenant [Member]

Concentration Risk, Percentage

8.00%

6.20%

Polar Multi-Strategy Master Fund [Member] | Notes Payable to Banks [Member]

Debt Instrument, Face Amount

$ 14,000,000

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Long-term Debt, Total

$ 7,700,000

$ 8,800,000

Debt Instrument, Renewal Fee Percentage

4.00%

Class A Common Stock and Accompanying Common Stock Warrants [Member]

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 5

Class A Common Stock and Accompanying Pre-funded Warrants [Member]

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 4.99

Common Stock Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

2,000,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 5.50

Warrants and Rights Outstanding, Term (Year)

5 years

Pre-funded Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

1,000,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 0.01

$ 0.01

Placement Agent Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares

80,000

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 6.25

Warrants and Rights Outstanding, Term (Year)

5 years

Class of Warrant or Right, Securities Called By Warrants or Rights, Percentage of Class of Stock

4.00%

Common Stock Warrants and Placement Agent Warrants [Member]

Class of Warrant or Right, Exercised During Period (in shares) | shares

0

0

Common Class A [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

1,000,000

Series D Preferred Stock [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

920,000

920,000

800,000

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 25

Preferred Stock, Dividend Rate, Percentage

9.375%

9.375%

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 20,500,000

$ 20,500,000

$ 18,100,000

IPO [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

500,000

Shares Issued, Price Per Share (in dollars per share) | $ / shares

$ 5

Proceeds from Issuance of Common Stock

$ 2,000,000

IPO [Member] | Underwriting Discounts [Member]

Payments of Stock Issuance Costs

500,000

IPO [Member] | Other Expenses [Member]

Payments of Stock Issuance Costs

$ 500,000

Over-Allotment Option [Member] | Series D Preferred Stock [Member]

Stock Issued During Period, Shares, New Issues (in shares) | shares

120,000

Proceeds from Issuance of Preferred Stock and Preference Stock

$ 2,700,000

Option to Purchase Additional Shares, Period (Day)

45 days

Reverse Stock Split [Member]

Stockholders' Equity Note, Stock Split, Conversion Ratio

2

Model Home Properties [Member]

Number of Limited Partnerships in which Company is Sole General Partner

6

Commercial Property [Member]

Number of Real Estate Properties, Fee Simple

13

Commercial Property [Member] | Mortgage Notes [Member]

Long-Term Debt, Maturity, Year One

$ 1,400,000

Commercial Property [Member] | Partially Owned Properties [Member]

Number of Real Estate Properties, Fee Simple

2

Model Home [Member] | Mortgage Notes [Member]

Long-Term Debt, Maturity, Year One

$ 4,400,000

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Details Textual) - USD ($)		3 Months Ended		12 Months Ended
		Dec. 31, 2021	Mar. 31, 2021	Dec. 31, 2021	Dec. 31, 2020
Amortization of above and below Market Leases				$ 18,000	$ 120,000
Impairment of Real Estate				608,000	1,730,851
Real Estate Investment Property and Lease Intangibles, Net		$ 138,064,936		138,064,936	166,253,967
Goodwill and Intangible Asset Impairment, Total				0	0
Depreciation, Depletion and Amortization, Nonproduction, Total				5,397,498	6,274,321
Cash, Uninsured Amount		7,300,000		7,300,000
Restricted Cash, Total		4,700,000		4,700,000
Accounts Receivable, Allowance for Credit Loss, Ending Balance		70,000		70,000	70,000
Deferred Costs, Total		1,400,000		1,400,000	1,900,000
Operating Lease, Initial Direct Cost Expense, over Term				300,000	400,000
Amortization of Debt Issuance Costs				479,853	1,287,430
Deferred Offering Costs		100,000		100,000	100,000
Noninterest Expense Offering Cost				$ 0	530,639
Percentage of Distributed Taxable Income to Qualify as REIT				90.00%
Marketable Securities, Total		1,514,483		$ 1,514,483	83,000
Marketable Securities, Cost Basis		1,600,000		1,600,000	100,000
Financial and Nonfinancial Liabilities, Fair Value Disclosure		0		$ 0	$ 0
Earnings Per Share, Basic and Diluted, Total (in dollars per share)				$ (0.46)	$ (0.85)
Fair Value, Inputs, Level 1 [Member]
Marketable Securities, Total		1,500,000		$ 1,500,000	$ 100,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards, Total		18,000,000		18,000,000
Polar Multi-Strategy Master Fund [Member] | Notes Payable to Banks [Member]
Debt Issuance Costs, Net, Total		0		0	200,000
Amortization of Debt Issuance Costs				$ 200,000	900,000
Building and Building Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				39 years
Waterman Plaza [Member]
Impairment of Real Estate					1,300,000
Real Estate Investment Property and Lease Intangibles, Net	[1]	0		$ 0	3,500,002
Highland Court [Member]
Impairment of Real Estate			$ 300,000		400,000
Real Estate Investment Property and Lease Intangibles, Net	[1],[2]	0		0	10,500,001
Highland Court [Member] | Disposal Group, Held-for-sale, Not Discontinued Operations [Member]
Disposal Group, Including Discontinued Operation, Consideration					10,200,000
The 300 N.P [Member]
Impairment of Real Estate		300,000
Real Estate Investment Property and Lease Intangibles, Net		$ 2,929,563		2,929,563	3,279,522
Lease Intangibles [Member]
Amortization of Intangible Assets, Total				300,000	400,000
Finite-lived Intangibles, Other Than Lease Intangibles [Member]
Amortization of Intangible Assets, Total				$ 200,000	$ 200,000
Maximum [Member]
Amortization of Value In Place Leases (Year)				10 years
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				5 years
Maximum [Member] | Leasehold Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				10 years
Maximum [Member] | Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				5 years
Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				1 year
Minimum [Member] | Leasehold Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				1 year
Minimum [Member] | Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)				4 years
[1]	This property was sold during the year ended December 31, 2021.
[2]	A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of the Code for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP.

Note 3 - Recent Real Estate T_2

Note 3 - Recent Real Estate Transactions (Details Textual)	Dec. 22, 2021USD ($)ft²	Aug. 17, 2021USD ($)ft²	May 21, 2021USD ($)	May 20, 2021USD ($)	Feb. 19, 2021USD ($)	Jan. 28, 2021USD ($)	Dec. 02, 2020USD ($)	Mar. 13, 2020USD ($)	Feb. 05, 2020USD ($)	Dec. 31, 2020USD ($)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Notes Payable, Total										$ 7,500,086	$ 0	$ 7,500,086
Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties										46	44	46
Proceeds from Sale of Real Estate, Total										$ 18,100,000	$ 20,700,000
Gain (Loss) on Sale of Properties										$ 1,600,000	$ 3,200,000
Mandolin [Member]
Area of Real Estate Property (Square Foot) | ft²		10,500
Payments to Acquire Buildings		$ 4,900,000
Property Under Triple Net Lease, Percent Occupied		100.00%
Property under Triple Net Lease, Term (Year)		15 years
Baltimore [Member]
Area of Real Estate Property (Square Foot) | ft²	31,752
Payments to Acquire Buildings	$ 8,900,000
Property Under Triple Net Lease, Percent Occupied	100.00%
Property under Triple Net Lease, Term (Year)	5 years
Model Home [Member]
Number of Real Estate Properties										28	18	28
Payments to Acquire Residential Real Estate											$ 8,400,000	$ 10,200,000
Real Estate Property, Consideration Transferred, Total											2,700,000	3,100,000
Notes Payable, Total										$ 7,100,000	$ 5,700,000	$ 7,100,000
Waterman Plaza [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate, Total						$ 3,500,000
Gain (Loss) on Sale of Properties						$ (200,000)
Garden Gateway [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate, Total					$ 11,200,000
Gain (Loss) on Sale of Properties					$ (1,400,000)
Highland Court [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate, Total				$ 10,200,000
Gain (Loss) on Sale of Properties				$ (1,600,000)
Executive Office Park [Member] | Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties							4
Proceeds from Sale of Real Estate, Total			$ 8,100,000				$ 2,300,000
Gain (Loss) on Sale of Properties			$ 2,500,000				$ (75,000)
Centennial Tech Center [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate, Total									$ 15,000,000
Gain (Loss) on Sale of Properties									$ (913,000)
Union Terrace [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate, Total								$ 11,300,000
Gain (Loss) on Sale of Properties								$ 688,000
NetREIT Palm Self Storage, LP and NetREIT Highland LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent		61.30%

Note 4 - Real Estate Assets (De

Note 4 - Real Estate Assets (Details Textual)	12 Months Ended
	Dec. 31, 2021ft²	Dec. 31, 2016
Number of States Real Estate Property is Located	4
Number of Limited Partnerships in which Company is Sole General Partner		1
Number of Limited Liability Companies	2	5
NetREIT Palm Self-Storage LP [Member]
Noncontrolling Interest, Ownership Percentage by Parent	61.30%
Office/Industrial Properties [Member]
Area of Real Estate Property (Square Foot)	757,578
Genesis Plaza [Member]
Real Estate Property, Number of Tenants-in-common Owning the Property	2
Percentage Beneficial Ownership in Property	76.40%
Genesis Plaza [Member] | Tenant-in-common One [Member]
Percentage Ownership in Property	57.00%
Genesis Plaza [Member] | Tenant-in-common Two [Member]
Percentage Ownership in Property	43.00%
Office/Industrial Properties [Member] | Industrial Buildings [Member]
Number of Real Estate Properties	1
Office/Industrial Properties [Member] | Office Buildings [Member]
Number of Real Estate Properties	8
Retail Properties [Member]
Number of Real Estate Properties	4
Area of Real Estate Property (Square Foot)	121,052
Model Home [Member]
Number of Real Estate Properties	92
Number of Limited Partnerships in which Company is Sole General Partner	6
Number of Limited Liability Companies	1
Lessor, Operating Lease, Term of Contract (Month)	18 months
Lessor, Operating Lease, Option to Extend, Incremental Terms (Month)	6 months
NORTH DAKOTA
Number of Real Estate Properties	4

Note 4 - Real Estate Assets - S

Note 4 - Real Estate Assets - Summary of Properties Owned (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021		Dec. 31, 2020
Real estate assets owned		$ 138,064,936		$ 166,253,967
Garden Gateway Plaza [Member]
Geographic location	[1]	Colorado Springs, CO
Real estate assets owned	[1]	$ 0		11,464,531
World Plaza [Member]
Geographic location	[2]	San Bernardino, CA
Real estate assets owned	[2]	$ 9,272,213		9,272,213
Executive Office Park [Member]
Geographic location	[1]	Colorado Springs, CO
Real estate assets owned	[1]	$ 0		5,105,831
Waterman Plaza [Member]
Geographic location	[1]	San Bernardino, CA
Real estate assets owned	[1]	$ 0		3,500,002
Genesis Plaza [Member]
Geographic location	[3]	San Diego, CA
Real estate assets owned	[3]	$ 8,310,803		8,651,177
Dakota Center [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 8,607,360		8,597,493
Grand Pacific Center [Member]
Geographic location	[4]	Bismarck, ND
Real estate assets owned		$ 5,457,447	[4]	5,683,823
Arapahoe Center [Member]
Geographic location		Centennial, CO
Real estate assets owned		$ 8,821,278		9,233,078
Union Town Center [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 9,169,387		9,344,563
West Fargo Industrial [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 7,025,325		7,061,122
The 300 N.P [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 2,929,563		3,279,522
Research Parkway [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 2,375,943		2,438,594
One Park Centre [Member]
Geographic location		Westminster, CO
Real estate assets owned		$ 7,992,420		8,586,309
Highland Court [Member]
Geographic location	[1],[5]	Centennial, CO
Real estate assets owned	[1],[5]	$ 0		10,500,001
Shea Center II [Member]
Geographic location		Highlands Ranch, CO
Real estate assets owned		$ 20,246,645		21,026,112
Mandolin [Member]
Geographic location	[5]	Houston, TX
Real estate assets owned	[5]	$ 4,875,696		0
Baltimore [Member]
Geographic location		Baltimore, MD
Real estate assets owned		$ 8,891,810		0
Presidio Property Trust, Inc. Properties [Member]
Real estate assets owned		$ 103,975,890		123,744,371
Model Home Properties [Member]
Geographic location	[6]	AZ, FL, IL, PA, TX, WI
Real estate assets owned	[6]	$ 34,089,046		$ 42,509,596
[1]	This property was sold during the year ended December 31, 2021.
[2]	This property is held for sale as of December 31, 2021.
[3]	Genesis Plaza is owned by two tenants-in-common, each of which own 57% and 43%, respectively, and we beneficially own an aggregate of 76.4%, based on our ownership percentages of each tenant-in-common.
[4]	Property was listed as held for sale in February 2022.
[5]	A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of the Code for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP.
[6]	Includes five Model Homes listed as held for sale as of December 31, 2021.

Note 4 - Real Estate Assets - F

Note 4 - Real Estate Assets - Future Minimum Rental Revenues (Details)	Dec. 31, 2021USD ($)
2026	$ 2,218,671
Office/Industrial and Retail Properties [Member]
2022	3,362,188
2023	1,990,408
2024	1,136,825
2025	1,210,653
Thereafter	1,540,799
Totals	11,459,544
Model Home Properties [Member]
2022	2,121,864
2023	540,504
Totals	$ 2,662,368

Note 5 - Lease Intangibles (Det

Note 5 - Lease Intangibles (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets, Gross, Total	$ 4,110,139	$ 5,200,728
Finite-Lived Intangible Assets, Accumulated Amortization	3,852,968	4,559,510
Below Market Lease, Net, Ending Balance	$ 73,130	139,045
Weighted Average [Member]
Finite-Lived Intangible Assets, Remaining Amortization Period (Year)	1 year 4 months 6 days
Real Estate Assets Held for Sale [Member]
Finite-Lived Intangible Assets, Gross, Total	$ 0	1,100,000
Finite-Lived Intangible Assets, Accumulated Amortization	$ 0	$ 1,100,000

Note 5 - Lease Intangibles - Ne

Note 5 - Lease Intangibles - Net Value of Other Intangibles (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Lease intangibles, gross	$ 4,110,139	$ 5,200,728
Accumulated Amortization	(3,852,968)	(4,559,510)
Lease Intangibles, net	257,171	641,218
Leases, Acquired-in-Place [Member]
Lease intangibles, gross	2,515,264	3,136,587
Accumulated Amortization	(2,353,782)	(2,757,530)
Lease Intangibles, net	161,482	379,057
Leasing Costs [Member]
Lease intangibles, gross	1,261,390	1,730,656
Accumulated Amortization	(1,165,701)	(1,510,559)
Lease Intangibles, net	95,689	220,097
Above Market Lease [Member]
Lease intangibles, gross	333,485	333,485
Accumulated Amortization	(333,485)	(291,421)
Lease Intangibles, net	$ 0	$ 42,064

Note 5 - Lease Intangibles - Am

Note 5 - Lease Intangibles - Amortization Expense (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
2022	$ 202,342
2023	17,526
2024	17,526
2025	15,670
2025	4,107
Thereafter	0
Total	$ 257,171	$ 641,218

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual)	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Number of Publicly Traded REITs in which Common Shares are Owned	19
Number of Publicly Traded REITs in which Options are Owned	10
Marketable Securities, Total	$ 1,514,483	$ 83,000
Number of Publicly Traded REITs in which Shares and Options are Owned		2
Marketable Securities, Real Estate Investment Trust [Member]
Investments, Fair Value Disclosure, Total	1,522,137
Marketable Securities, Real Estate Investment Trust [Member] | Covered Call Option Contract [Member]
Derivative, Fair Value, Net, Total	$ 2,254

Note 6 - Other Assets - Other A

Note 6 - Other Assets - Other Assets (Details) - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Investment in marketable securities, at fair value	$ 1,514,483	$ 83,000
Deferred offering costs	100,000	100,000
Total other assets	4,658,504	3,422,781
Other Assets [Member]
Deferred rent receivable	1,660,197	1,912,048
Prepaid expenses, deposits and other	473,554	215,946
Investment in marketable securities, at fair value	1,514,483	83,241
Accounts receivable, net	401,927	541,885
Right-of-use assets, net	74,643	102,144
Other intangibles, net	82,483	142,483
Notes receivable	316,374	316,374
Deferred offering costs	134,843	108,660
Total other assets	$ 4,658,504	$ 3,422,781

Note 7 - Mortgage Notes Payab_3

Note 7 - Mortgage Notes Payable (Details Textual) $ in Millions	Dec. 31, 2021USD ($)
The 300 N.P [Member] | Mortgage Note, Due June 11, 2022 [Member]
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 2.2
The 300 N.P [Member] | Mortgage Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.95%	[1],[2]
Minimum [Member] | Model Home [Member] | Mortgage Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.50%
Maximum [Member] | Model Home [Member] | Mortgage Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage	4.33%
[1]	Interest rates as of December 31, 2021.
[2]	The mortgage note payable for 300 N.P. is an amortizing loan with a balloon payment of $2.2 million due at maturity, on June 11, 2022, and is no longer subject to defeasance or yield maintenance. The Company expects to pay this note in full at or before maturity with proceeds from property sales, property financing and other available cash on hand.

Note 7 - Mortgage Notes Payab_4

Note 7 - Mortgage Notes Payable - Mortgage Notes Payable (Details) - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
Mortgage Notes Payable, net		$ 88,859,832	$ 120,029,696
Mortgage Notes [Member]
Mortgage Notes Payable		89,422,132	120,788,005
Unamortized loan costs		(562,300)	(758,309)
Mortgage Notes [Member] | Waterman Plaza [Member]
Mortgage Notes Payable	[1]	0	3,207,952
Mortgage Notes [Member] | World Plaza [Member]
Mortgage Notes Payable	[2],[3]	0	5,802,568
Mortgage Notes [Member] | Garden Gateway Plaza [Member]
Mortgage Notes Payable	[1]	0	5,861,523
Mortgage Notes [Member] | The 300 N.P [Member]
Mortgage Notes Payable	[4]	$ 2,232,923	2,273,478
Interest rate	[4],[5]	4.95%
Maturity date	[4]	Jun. 11, 2022
Mortgage Notes [Member] | Highland Court [Member]
Mortgage Notes Payable	[1]	$ 0	6,274,815
Interest rate	[1],[5]	3.82%
Mortgage Notes [Member] | Dakota Center [Member]
Mortgage Notes Payable		$ 9,677,108	9,900,279
Interest rate	[5]	4.74%
Maturity date		Jul. 6, 2024
Mortgage Notes [Member] | Research Parkway [Member]
Mortgage Notes Payable		$ 1,705,438	1,760,432
Interest rate	[5]	3.94%
Maturity date		Jan. 5, 2025
Mortgage Notes [Member] | Arapahoe Center [Member]
Mortgage Notes Payable		$ 7,770,887	7,932,255
Interest rate	[5]	4.34%
Maturity date		Jan. 5, 2025
Mortgage Notes [Member] | Union Town Center [Member]
Mortgage Notes Payable		$ 8,173,568	8,315,550
Interest rate	[5]	4.28%
Maturity date		Jan. 5, 2025
Mortgage Notes [Member] | One Park Centre [Member]
Mortgage Notes Payable		$ 6,276,849	6,385,166
Interest rate	[5]	4.77%
Maturity date		Sep. 5, 2025
Mortgage Notes [Member] | Genesis Plaza [Member]
Mortgage Notes Payable		$ 6,168,604	6,276,273
Interest rate	[5]	4.71%
Maturity date		Sep. 6, 2025
Mortgage Notes [Member] | Shea Center II [Member]
Mortgage Notes Payable		$ 17,494,527	17,727,500
Interest rate	[5]	4.92%
Maturity date		Jan. 5, 2026
Mortgage Notes [Member] | Executive Office Park [Member]
Mortgage Notes Payable	[1]	$ 0	2,985,998
Interest rate	[1],[5]	4.83%
Maturity date	[1]	Jun. 1, 2027
Mortgage Notes [Member] | West Fargo Industrial [Member]
Mortgage Notes Payable		$ 4,148,405	4,262,718
Interest rate	[5]	3.27%
Maturity date		Aug. 5, 2029
Mortgage Notes [Member] | Grand Pacific Center [Member]
Mortgage Notes Payable	[6],[7]	$ 3,619,695	3,738,142
Interest rate	[5],[6],[7]	4.02%
Maturity date	[6],[7]	Aug. 1, 2037
Mortgage Notes [Member] | Subtotal, Presidio Property Trust, Inc. Properties [Member]
Mortgage Notes Payable		$ 67,268,004	92,704,649
Mortgage Notes [Member] | Model Home [Member]
Mortgage Notes Payable	[3]	$ 22,154,128	$ 28,083,356
[1]	Waterman Plaza and Garden Gateway Plaza were sold during the first quarter of 2021, while Highland Court and Executive Office Park were sold in the second quarter of 2021.
[2]	During June 2021, this loan was paid in full with cash from the sale of other properties and excess cash on hand.
[3]	Properties held for sale as of December 31, 2021. Five model homes were included as held for sale.
[4]	The mortgage note payable for 300 N.P. is an amortizing loan with a balloon payment of $2.2 million due at maturity, on June 11, 2022, and is no longer subject to defeasance or yield maintenance. The Company expects to pay this note in full at or before maturity with proceeds from property sales, property financing and other available cash on hand.
[5]	Interest rates as of December 31, 2021.
[6]	Interest rate is subject to reset on September 1, 2023.
[7]	Property was listed as held for sale in February 2022.

Note 7 - Mortgage Notes Payab_5

Note 7 - Mortgage Notes Payable - Scheduled Principal Payments of Mortgage Notes Payable (Details)	Dec. 31, 2021USD ($)
2022	$ 12,211,155
2023	5,782,573
2024	19,524,226
2025	28,782,401
2025	16,644,046
Thereafter	6,477,731
Total	89,422,132
Presidio Property Trust, Inc Notes Payable [Member]
2022	3,577,700
2023	1,406,466
2024	10,379,660
2025	28,782,401
2025	16,644,046
Thereafter	6,477,731
Total	67,268,004
Model Home Properies Notes Payable [Member]
2022	8,633,455
2023	4,376,107
2024	9,144,566
2025	0
2025	0
Thereafter	0
Total	$ 22,154,128

Note 8 - Note Payable (Details

Note 8 - Note Payable (Details Textual) - USD ($)

Jun. 01, 2021

Aug. 17, 2020

Apr. 30, 2020

Apr. 22, 2020

Jan. 31, 2021

May 31, 2021

Mar. 31, 2021

Dec. 31, 2021

Dec. 31, 2020

Dec. 20, 2021

Sep. 03, 2021

Aug. 17, 2021

Apr. 01, 2021

Sep. 30, 2020

Sep. 01, 2020

Sep. 17, 2019

Gain (Loss) on Extinguishment of Debt, Total

$ 10,000

$ 451,785

Majority Owned Subsidiary NetREIT Highland [Member] | Promissory Note for the Acquisition of the Mandolin Property in Houston, Texas [Member]

Debt Instrument, Face Amount

$ 1,560,000

Debt Instrument, Interest Rate, Stated Percentage

4.00%

Majority Owned Subsidiary, PPT Baltimore [Member] | Promissory Note Issued for Acquisition of Baltimore Property in Baltimore, MD [Member]

Debt Instrument, Face Amount

$ 5,650,000

Debt Instrument, Interest Rate, Stated Percentage

4.50%

Economic Injury Disaster Loan [Member]

Proceeds from Issuance of Unsecured Debt

$ 150,000

$ 10,000

Debt Instrument, Decrease, Forgiveness

$ 10,000

Gain (Loss) on Extinguishment of Debt, Total

$ 10,000

Economic Injury Disaster Loan [Member] | Accounts Payable and Accrued Liabilities [Member]

Unsecured Debt, Total

10,000

SBA CARES Act Paycheck Protection Program [Member]

Proceeds from Issuance of Unsecured Debt

$ 500,000

Unsecured Debt [Member] | LGD Investments Ltd [Member]

Debt Assumed from Related Party

$ 330,000

Unsecured Debt [Member] | Dubose Model Homes Investors #203, PL [Member] | LGD Investments Ltd [Member]

Debt Instrument, Face Amount

$ 330,000

Debt Instrument, Interest Rate, Stated Percentage

4.00%

Interest Expense, Debt, Total

$ 2,200

Promissory Notes for the Refinancing of Four Model Home Properties in Texas and Wisconsin [Member] | Majority Owned Subsidiary Dubose Model Home Investors 202 LP and 204 LP [Member]

Debt Instrument, Face Amount

$ 900,000

Debt Instrument, Interest Rate, Stated Percentage

3.00%

Polar Multi-Strategy Master Fund [Member] | Notes Payable to Banks [Member]

Debt Instrument, Face Amount

$ 14,000,000

Debt Instrument, Interest Rate, Stated Percentage

8.00%

Long-term Debt, Total

7,700,000

$ 8,800,000

Debt Instrument, Renewal Fee Percentage

4.00%

Repayments of Notes Payable, Including Interest

6,300,000

Debt Instrument, Unamortized Discount, Total

$ 0

$ 0

$ 1,400,000

Debt Issuance Costs, Gross

$ 1,100,000

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual) - Subsequent Event [Member] - SPAC, Initial Public Offering [Member] - Murphy Canyon Acquisition Sponsor, LLC [Member]	Jan. 07, 2022USD ($)$ / sharesshares
Noncontrolling Interest, Ownership Percentage by Parent	19.00%
Proceeds from Issuance or Sale of Equity, Total | $	$ 132,250,000
SPAC Units, Composition, Number of Shares Per Unit (in shares)	1
SPAC Units, Composition, Number of Redeemable Warrants (in shares)	0.75
SPAC, Placement Units, Number of Units Purchased (in shares)	828,750
SPAC, Placement Units, Price Per Share (in dollars per share) | $ / shares	$ 10
SPAC, Purchase Units, Payments for the Purchase of Equity | $	$ 8,287,500
Director [Member]
SPAC Placement Units, Number of Units to be Transferred, Total (in shares)	45,000
SPAC Placement Units, Number of Units to be Transferred	15,000

Note 10 - Stockholders' Equit_2

Note 10 - Stockholders' Equity (Details Textual)	Jul. 12, 2021$ / sharesshares	Jun. 24, 2021$ / shares	Jun. 17, 2021USD ($)shares	Jun. 17, 2021USD ($)shares	Jun. 15, 2021USD ($)$ / sharesshares	Jan. 23, 2012USD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Sep. 30, 2021USD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2021USD ($)$ / sharesshares	Dec. 31, 2020USD ($)$ / sharesshares	Dec. 31, 2016	Dec. 31, 2021USD ($)$ / sharesshares	Sep. 17, 2021USD ($)	Aug. 31, 2021$ / sharesshares
Preferred Stock, Shares Authorized (in shares)							1,000,000		1,000,000	1,000,000			1,000,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares						$ 19
Proceeds from Issuance of Preferred Stock and Preference Stock | $										$ 20,489,803	$ 0
Maximum Individual Common Stock Ownership, Percentage							9.80%		9.80%	9.80%			9.80%
Payments of Dividends, Total | $										$ 4,500,000	$ 1,100,000
Number of Limited Liability Companies							2		2	2		5	2
Number of Limited Partnerships in which Company is Sole General Partner												1
Registered Shares of Common Stock Pursuant to Dividend Reinvestment Plan (in shares)						3,000,000
Common Stock, Percentage of Purchase Price Per Share						95.00%
Payment of Sales, Commission or Dealer Manager Fee | $						$ 0
Notice Period for Amendments to Dividend Reinvestment Plan (Day)						30 days
Stock Issued During Period, Value, Dividend Reinvestment Plan | $										$ 0			$ 17,400,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares)											0		917,074
Commercial Property [Member]
Number of Real Estate Properties							13		13	13			13
Commercial Property [Member] | Partially Owned Properties [Member]
Number of Real Estate Properties							2		2	2			2
Class A Common Stock and Accompanying Common Stock Warrants [Member]
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 5
Class A Common Stock and Accompanying Pre-funded Warrants [Member]
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 4.99
Common Stock Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	2,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 5.50
Warrants and Rights Outstanding, Term (Year)	5 years
Pre-funded Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 0.01														$ 0.01
Placement Agent Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)															80,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares															$ 6.25
Warrants and Rights Outstanding, Term (Year)															5 years
Class of Warrant or Right, Securities Called By Warrants or Rights, Percentage of Class of Stock															4.00%
Common Stock Warrants and Placement Agent Warrants [Member]
Class of Warrant or Right, Exercised During Period (in shares)								0		0
Series D Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)							1,000,000		1,000,000	1,000,000	1,000,000		1,000,000
Stock Issued During Period, Shares, New Issues (in shares)			920,000	920,000	800,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares					$ 25
Proceeds from Issuance of Preferred Stock and Preference Stock | $			$ 20,500,000	$ 20,500,000	$ 18,100,000
Preferred Stock, Dividend Rate, Percentage					9.375%					9.375%
Preferred Stock, Liquidation Preference Per Share (in dollars per share) | $ / shares							$ 25		$ 25	$ 25	$ 25		$ 25
Preferred Stock, Dividend Rate, Per-Dollar-Amount (in dollars per share) | $ / shares										$ 2.34375
Preferred Stock, Number of Board of Directors Entitled to Vote if Dividends not Paid for 18 Monthly Dividend Periods							2		2	2			2
Preferred Stock, Percentage of Outstanding Shares Required to Authorize Senior Ranking Stock							66.67%		66.67%	66.67%			66.67%
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares							$ 25		$ 25	$ 25			$ 25
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares		$ 0.10417								$ 1.27603	$ 0
Dividends, Preferred Stock, Cash | $									$ 1,000,000
Series D Preferred Stock [Member] | Over-Allotment Option [Member]
Stock Issued During Period, Shares, New Issues (in shares)			120,000
Proceeds from Issuance of Preferred Stock and Preference Stock | $			$ 2,700,000
Option to Purchase Additional Shares, Period (Day)					45 days
Common Class A [Member]
Stock Issued During Period, Shares, New Issues (in shares)	1,000,000
Common Stock, Shares Authorized (in shares)							100,000,000		100,000,000	100,000,000	100,000,000		100,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares							$ 0.01		$ 0.01	$ 0.01	$ 0.01		$ 0.01
Common Stock, Shares, Issued, Total (in shares)							11,599,720		11,599,720	11,599,720	9,508,363		11,599,720
Stock Repurchase Program, Authorized Amount | $														$ 10,000,000
Stock Repurchased During Period, Shares (in shares)							11,588	18,133
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares							$ 3.6097	$ 3.73692
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares							$ 0.035	$ 0.035
Stock Repurchased During Period, Value | $							$ 42,235	$ 68,396
Common Class B [Member]
Common Stock, Shares Authorized (in shares)							1,000		1,000	1,000			1,000
Common Class C [Member]
Common Stock, Shares Authorized (in shares)							9,000,000		9,000,000	9,000,000			9,000,000
Common Stock, Shares, Issued, Total (in shares)							0		0	0			0
Common Stock, Number of Entitled Votes							1		1	1			1

Note 10 - Stockholders' Equit_3

Note 10 - Stockholders' Equity - Dividends Declared (Details) - $ / shares	Jun. 24, 2021	Dec. 31, 2021	Dec. 31, 2020
Series D Preferred Stock [Member]
Distributions Declared (in dollars per share)	$ 0.10417	$ 1.27603	$ 0
Series D Preferred Stock [Member] | Dividends Declared, January [Member]
Distributions Declared (in dollars per share)		0	0
Series D Preferred Stock [Member] | Dividends Declared, February [Member]
Distributions Declared (in dollars per share)		0	0
Series D Preferred Stock [Member] | Dividends Declared, March [Member]
Distributions Declared (in dollars per share)		0	0
Series D Preferred Stock [Member] | Dividends Declared, April [Member]
Distributions Declared (in dollars per share)		0	0
Series D Preferred Stock [Member] | Dividends Declared, May [Member]
Distributions Declared (in dollars per share)		0	0
Series D Preferred Stock [Member] | Dividends Declared, June [Member]
Distributions Declared (in dollars per share)		0.10417	0
Series D Preferred Stock [Member] | Dividends Declared, July [Member]
Distributions Declared (in dollars per share)		0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, August [Member]
Distributions Declared (in dollars per share)		0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, September [Member]
Distributions Declared (in dollars per share)		0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, October [Member]
Distributions Declared (in dollars per share)		0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, November [Member]
Distributions Declared (in dollars per share)		0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, December [Member]
Distributions Declared (in dollars per share)		0.19531	0
Common Class A [Member]
Cash Dividend Declared (in dollars per share)		0.410	0.100
Common Class A [Member] | Dividends Declared, March 31 [Member]
Cash Dividend Declared (in dollars per share)		0.101	0
Common Class A [Member] | Dividends Declared, June 30 [Member]
Cash Dividend Declared (in dollars per share)		0.102	0
Common Class A [Member] | Dividends Declared, September 30 [Member]
Cash Dividend Declared (in dollars per share)		0.103	0
Common Class A [Member] | Dividends Declared, December31 [Member]
Cash Dividend Declared (in dollars per share)		$ 0.104	$ 0.100

Note 11 - Share-based Incenti_3

Note 11 - Share-based Incentive Plan (Details Textual) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Jan. 23, 2012	Dec. 31, 2006
Shares Issued, Price Per Share (in dollars per share)			$ 19
Share-based Payment Arrangement, Expense	$ 1.6	$ 1.2
Restricted Stock [Member]
Shares Issued, Price Per Share (in dollars per share)				$ 20
Nonvested Resctricted Stock [Member]
Restricted Stock, Value, Shares Issued Net of Tax Withholdings	$ 1.6	$ 1.1
Minimum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	3 years
Minimum [Member] | Nonvested Resctricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	1 year
Maximum [Member] | Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	10 years
Maximum [Member] | Nonvested Resctricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award, Award Vesting Period (Year)	6 years

Note 11 - Share-based Incenti_4

Note 11 - Share-based Incentive Plan - Summary of Activity for Restricted Stock (Details) - Restricted Stock [Member]	12 Months Ended
	Dec. 31, 2021shares
Balance (in shares)	126,190
Granted (in shares)	320,096
Forfeited (in shares)	(29,737)
Vested (in shares)	(121,078)
Balance (in shares)	295,471

Note 12 - Segments (Details Tex

Note 12 - Segments (Details Textual)	12 Months Ended
	Dec. 31, 2021
Number of Reportable Segments	3

Note 12 - Segments - Operating

Note 12 - Segments - Operating Income by Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Rental, fees and other income	$ 19,231,109	$ 24,351,792
Property and related expenses	(6,183,189)	(8,818,283)
General and administrative expenses	(6,225,510)	(5,751,754)
Depreciation and amortization	(5,397,498)	(6,274,321)
Interest expense	(4,822,085)	(8,813,067)
Deferred offering costs	0	(530,639)
Gain on extinguishment of government debt	10,000	451,785
Other income (expense), net	(3,417)	(20,636)
Income tax expense	47,620	(370,884)
Gain on sale of real estate	2,487,528	1,245,460
Net loss	(1,463,442)	(6,261,398)
Operating Segments [Member]
Net operating income, as defined	12,439,920	13,802,658
Office/Industrial Properties [Member] | Operating Segments [Member]
Rental, fees and other income	13,161,268	17,128,687
Property and related expenses	(5,769,843)	(7,977,561)
Net operating income, as defined	7,391,425	9,151,126
Model Home Properties [Member] | Operating Segments [Member]
Rental, fees and other income	3,211,149	4,251,980
Property and related expenses	(129,389)	(202,667)
Net operating income, as defined	3,081,760	4,049,313
Retail Properties [Member] | Operating Segments [Member]
Rental, fees and other income	3,023,316	2,971,125
Property and related expenses	(1,056,581)	(2,368,906)
Net operating income, as defined	$ 1,966,735	$ 602,219

Note 12 - Segments - Assets by

Note 12 - Segments - Assets by Reportable Segment (Details) - USD ($)		Dec. 31, 2021	Dec. 31, 2020
Land, buildings and improvements, net		$ 138,064,936	$ 166,253,967
Total assets		161,196,763	185,568,616
Cash, cash equivalents and restricted cash		14,702,089	11,540,917
Other assets, net		4,658,504	3,422,781
Operating Segments [Member]
Total assets		135,080,107	168,400,913
Segment Reconciling Items [Member]
Total assets		161,196,763	185,568,616
Cash, cash equivalents and restricted cash		6,738,345	2,149,088
Other assets, net		19,378,311	15,018,615
Office/Industrial Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	78,240,086	99,120,649
Total assets	[2]	76,453,436	100,046,782
Model Home Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	34,089,046	42,509,596
Total assets	[2]	31,047,202	42,246,022
Retail Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	25,693,239	24,555,371
Total assets	[2]	$ 27,579,469	$ 26,108,109
[1]	Includes lease intangibles and the land purchase option related to property acquisitions.
[2]	Includes land, buildings and improvements, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis.

Note 12 - Segments - Capital Ex

Note 12 - Segments - Capital Expenditures by Reportable Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Acquisition of operating properties	$ 22,224,826	$ 10,161,613
Capital expenditures and tenant improvements	1,597,186	2,834,373
Total real estate investments	23,822,012	12,995,986
Office/Industrial Properties [Member]
Acquisition of operating properties	8,891,810	0
Capital expenditures and tenant improvements	1,513,362	2,825,169
Model Home [Member]
Acquisition of operating properties	8,426,750	10,161,613
Retail Properties [Member]
Acquisition of operating properties	4,906,266	0
Capital expenditures and tenant improvements	$ 83,824	$ 9,205

Note 13 - Subsequent Events (De

Note 13 - Subsequent Events (Details Textual)

Mar. 11, 2022USD ($)

Mar. 01, 2022$ / shares

Jan. 08, 2022USD ($)

Jan. 07, 2022USD ($)$ / sharesshares

Jan. 02, 2022$ / sharesshares

Jun. 24, 2021$ / shares

Jun. 15, 2021

Jan. 31, 2022$ / shares

Feb. 28, 2022USD ($)$ / shares

Mar. 31, 2022$ / shares

Dec. 31, 2021USD ($)$ / shares

Dec. 31, 2020$ / shares

Jan. 21, 2027shares

Jan. 21, 2022$ / sharesshares

Jan. 14, 2022

Restricted Cash, Total

$ 4,700,000

Series D Preferred Stock [Member]

Preferred Stock, Dividend Rate, Percentage

9.375%

9.375%

Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares

$ 0.10417

$ 1.27603

$ 0

Common Class A [Member]

Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares

0.01

0.01

Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares

$ 0.410

$ 0.100

Series A Warrants [Member] | Forecast [Member]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares

0.10

Cash [Member]

Cash and Cash Equivalents, at Carrying Value, Ending Balance

$ 10,000,000

Subsequent Event [Member]

Business Acquisition, Target Period (Year)

1 year

Subsequent Event [Member] | Grand Pacific Center [Member]

Property Held For Sale, Sale Price

$ 7,500,000

Assets Held-for-sale, Not Part of Disposal Group, Total

$ 5,500,000

Subsequent Event [Member] | World Plaza [Member] | CALIFORNIA

Proceeds from Sale of Real Estate, Total

$ 10,000,000

Subsequent Event [Member] | Series D Preferred Stock [Member]

Preferred Stock, Dividend Rate, Percentage

9.375%

Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares

$ 0.19531

$ 0.19531

$ 0.19531

Subsequent Event [Member] | Common Class A [Member]

Common Stock, Dividends, Per Share, Declared (in dollars per share) | $ / shares

$ 0.105

Subsequent Event [Member] | Series A Warrants [Member]

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares

1

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 7

Warrants and Rights Outstanding, Term (Year)

5 years

5 years

Subsequent Event [Member] | Minimum [Member]

Business Acquisition, Potential Candidates Value

$ 300,000,000

Subsequent Event [Member] | Maximum [Member]

Business Acquisition, Potential Candidates Value

1,200,000,000

Murphy Canyon Acquisition Sponsor, LLC [Member] | Subsequent Event [Member] | Restricted Cash Held in Trust [Member]

Restricted Cash, Total

$ 134,000,000

Murphy Canyon Acquisition Sponsor, LLC [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member] | Subsequent Event [Member] | Cash [Member]

SPAC, Purchase Units, Payments for the Purchase of Equity

$ 7,540,000

SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | Subsequent Event [Member]

SPAC Units, Composition, Number of Redeemable Warrants (in shares) | shares

0.75

Proceeds from Issuance or Sale of Equity, Total

$ 132,250,000

SPAC, Placement Units, Number of Units Purchased (in shares) | shares

828,750

SPAC, Placement Units, Price Per Share (in dollars per share) | $ / shares

$ 10

SPAC, Purchase Units, Payments for the Purchase of Equity

$ 8,287,500

SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | Subsequent Event [Member] | Director [Member]

SPAC Placement Units, Number of Units to be Transferred, Total (in shares) | shares

45,000

SPAC Placement Units, Number of Units to be Transferred

15,000

SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member] | Subsequent Event [Member]

SPAC Units, Composition, Number of Common Stocks (in shares) | shares

1

Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares

$ 0.0001

SPAC Units, Composition, Number of Redeemable Warrants (in shares) | shares

1

Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares) | shares

1

Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares

$ 11.50

Proceeds from Issuance or Sale of Equity, Total

$ 132,250,000

SPAC, Placement Units, Number of Units Purchased (in shares) | shares

754,000

SPAC, Placement Units, Price Per Share (in dollars per share) | $ / shares

$ 10

SPAC, Purchase Units, Payments for the Purchase of Equity

$ 7,540,000

SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member] | Subsequent Event [Member] | Director [Member]

SPAC Placement Units, Number of Units to be Transferred, Total (in shares) | shares

45,000

SPAC Placement Units, Number of Units to be Transferred

15,000

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation and Amortization (Details Textual)	12 Months Ended
	Dec. 31, 2021
Building and Building Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	39 years

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Properties (Details) - USD ($)		Dec. 31, 2021		Dec. 31, 2020	Dec. 31, 2019
Encumbrances		$ 89,422,000
Land, Initial Cost		22,995,000
Building and Improvements, Initial Cost		132,151,000
Acquisition Price		155,146,000
Capitalized Improvements		16,876,000
Land Cost, Total Cost		22,995,000
Building & Improvements, Total Cost		149,028,000
Total cost		172,022,000
Accumulated Depreciation & Depreciation		32,948,757	[1]	$ 42,387,199	$ 44,113,962
Reserve for Impairment		1,008,000
NBV Real Estate		138,065,000
Industrial Office Properties [Member]
Encumbrances		57,389,000
Land, Initial Cost		11,981,000
Building and Improvements, Initial Cost		80,536,000
Acquisition Price		92,517,000
Capitalized Improvements		12,556,000
Land Cost, Total Cost		11,981,000
Building & Improvements, Total Cost		93,092,000
Total cost		105,073,000
Accumulated Depreciation & Depreciation	[1]	26,482,000
Reserve for Impairment		308,000
NBV Real Estate		78,283,000
Industrial Office Properties [Member] | Genesis Plaza [Member]
Encumbrances		6,169,000
Land, Initial Cost		1,400,000
Building and Improvements, Initial Cost		8,600,000
Acquisition Price		10,000,000
Capitalized Improvements		2,661,000
Land Cost, Total Cost		1,400,000
Building & Improvements, Total Cost		11,261,000
Total cost		12,661,000
Accumulated Depreciation & Depreciation	[1]	4,350,000
Reserve for Impairment		0
NBV Real Estate		8,311,000
Industrial Office Properties [Member] | Dakota Center [Member]
Encumbrances		9,677,000
Land, Initial Cost		832,000
Building and Improvements, Initial Cost		8,743,000
Acquisition Price		9,575,000
Capitalized Improvements		2,876,000
Land Cost, Total Cost		832,000
Building & Improvements, Total Cost		11,619,000
Total cost		12,451,000
Accumulated Depreciation & Depreciation	[1]	3,844,000
Reserve for Impairment		0
NBV Real Estate		8,607,000
Industrial Office Properties [Member] | Grand Pacific Center [Member]
Encumbrances		3,620,000
Land, Initial Cost		413,000
Building and Improvements, Initial Cost		4,926,000
Acquisition Price		5,339,000
Capitalized Improvements		2,124,000
Land Cost, Total Cost		413,000
Building & Improvements, Total Cost		7,050,000
Total cost		7,463,000
Accumulated Depreciation & Depreciation	[1]	2,006,000
Reserve for Impairment		0
NBV Real Estate		5,457,000
Industrial Office Properties [Member] | Arapahoe Center [Member]
Encumbrances		7,771,000
Land, Initial Cost		1,420,000
Building and Improvements, Initial Cost		10,430,000
Acquisition Price		11,850,000
Capitalized Improvements		592,000
Land Cost, Total Cost		1,420,000
Building & Improvements, Total Cost		11,022,000
Total cost		12,442,000
Accumulated Depreciation & Depreciation	[1]	3,621,000
Reserve for Impairment		0
NBV Real Estate		8,821,000
Industrial Office Properties [Member] | West Fargo Industrial [Member]
Encumbrances		4,148,000
Land, Initial Cost		1,693,000
Building and Improvements, Initial Cost		6,207,000
Acquisition Price		7,900,000
Capitalized Improvements		351,000
Land Cost, Total Cost		1,693,000
Building & Improvements, Total Cost		6,558,000
Total cost		8,251,000
Accumulated Depreciation & Depreciation	[1]	1,226,000
Reserve for Impairment		0
NBV Real Estate		7,025,000
Industrial Office Properties [Member] | The 300 N.P [Member]
Encumbrances		2,233,000
Land, Initial Cost		135,000
Building and Improvements, Initial Cost		3,715,000
Acquisition Price		3,850,000
Capitalized Improvements		273,000
Land Cost, Total Cost		135,000
Building & Improvements, Total Cost		3,988,000
Total cost		4,123,000
Accumulated Depreciation & Depreciation	[1]	885,000
Reserve for Impairment		308,000
NBV Real Estate		2,930,000
Industrial Office Properties [Member] | One Park Centre [Member]
Encumbrances		6,277,000
Land, Initial Cost		1,206,000
Building and Improvements, Initial Cost		7,944,000
Acquisition Price		9,150,000
Capitalized Improvements		1,398,000
Land Cost, Total Cost		1,206,000
Building & Improvements, Total Cost		9,342,000
Total cost		10,548,000
Accumulated Depreciation & Depreciation	[1]	2,555,000
Reserve for Impairment		0
NBV Real Estate		7,992,000
Industrial Office Properties [Member] | Shea Center II [Member]
Encumbrances		17,495,000
Land, Initial Cost		2,214,000
Building and Improvements, Initial Cost		23,747,000
Acquisition Price		25,961,000
Capitalized Improvements		2,281,000
Land Cost, Total Cost		2,214,000
Building & Improvements, Total Cost		26,028,000
Total cost		28,241,000
Accumulated Depreciation & Depreciation	[1]	7,995,000
Reserve for Impairment		0
NBV Real Estate		20,247,000
Industrial Office Properties [Member] | Baltimore [Member]
Encumbrances		0
Land, Initial Cost		2,668,000
Building and Improvements, Initial Cost		6,224,000
Acquisition Price		8,892,000
Capitalized Improvements		0
Land Cost, Total Cost		2,668,000
Building & Improvements, Total Cost		6,224,000
Total cost		8,892,000
Accumulated Depreciation & Depreciation		0
Reserve for Impairment
NBV Real Estate		8,892,000
Industrial Office Properties [Member] | Mandolin [Member]
Total cost		4,906,000
Retail Properties [Member]
Encumbrances		9,879,000
Land, Initial Cost		5,186,000
Building and Improvements, Initial Cost		21,698,000
Acquisition Price		26,884,000
Capitalized Improvements		4,320,000
Land Cost, Total Cost		5,186,000
Building & Improvements, Total Cost		26,018,000
Total cost		31,203,000
Accumulated Depreciation & Depreciation	[1]	4,810,000
Reserve for Impairment		700,000
NBV Real Estate		25,693,000
Retail Properties [Member] | World Plaza [Member]
Encumbrances	[2]	0
Land, Initial Cost	[2]	1,698,000
Building and Improvements, Initial Cost	[2]	6,232,000
Acquisition Price	[2]	7,930,000
Capitalized Improvements	[2]	4,289,000
Land Cost, Total Cost	[2]	1,698,000
Building & Improvements, Total Cost	[2]	10,521,000
Total cost	[2]	12,219,000
Accumulated Depreciation & Depreciation	[1],[2]	2,246,000
Reserve for Impairment	[2]	700,000
NBV Real Estate	[2]	9,272,000
Retail Properties [Member] | Union Town Center [Member]
Encumbrances		8,174,000
Land, Initial Cost		1,750,000
Building and Improvements, Initial Cost		9,462,000
Acquisition Price		11,212,000
Capitalized Improvements		67,000
Land Cost, Total Cost		1,750,000
Building & Improvements, Total Cost		9,529,000
Total cost		11,279,000
Accumulated Depreciation & Depreciation	[1]	2,110,000
Reserve for Impairment		0
NBV Real Estate		9,169,000
Retail Properties [Member] | Research Parkway [Member]
Encumbrances		1,705,000
Land, Initial Cost		408,000
Building and Improvements, Initial Cost		2,442,000
Acquisition Price		2,850,000
Capitalized Improvements		(50,000)
Land Cost, Total Cost		408,000
Building & Improvements, Total Cost		2,392,000
Total cost		2,799,000
Accumulated Depreciation & Depreciation	[1]	424,000
Reserve for Impairment		0
NBV Real Estate		2,376,000
Retail Properties [Member] | Mandolin [Member]
Encumbrances		0
Land, Initial Cost		1,330,000
Building and Improvements, Initial Cost		3,562,000
Acquisition Price		4,892,000
Capitalized Improvements		15,000
Land Cost, Total Cost		1,330,000
Building & Improvements, Total Cost		3,577,000
Accumulated Depreciation & Depreciation		31,000
Reserve for Impairment		0
NBV Real Estate		4,876,000
Model Home [Member]
Encumbrances		22,154,000
Land, Initial Cost		5,828,000
Building and Improvements, Initial Cost		29,917,000
Acquisition Price		35,746,000
Land Cost, Total Cost		5,828,000
Building & Improvements, Total Cost		29,917,000
Total cost		35,746,000
Accumulated Depreciation & Depreciation	[1]	1,657,000
NBV Real Estate		34,089,000
Model Home [Member] | Model Homes-DMH LP #202 [Member]
Encumbrances		822,000
Land, Initial Cost		235,000
Building and Improvements, Initial Cost		1,435,000
Acquisition Price		1,670,000
Land Cost, Total Cost		235,000
Building & Improvements, Total Cost		1,435,000
Total cost		1,670,000
Accumulated Depreciation & Depreciation	[1]	141,000
NBV Real Estate		1,529,000
Model Home [Member] | Model Homes-DMH LP #203 [Member]
Encumbrances		3,273,000
Land, Initial Cost		1,080,000
Building and Improvements, Initial Cost		4,697,000
Acquisition Price		5,777,000
Land Cost, Total Cost		1,080,000
Building & Improvements, Total Cost		4,697,000
Total cost		5,777,000
Accumulated Depreciation & Depreciation	[1]	412,000
NBV Real Estate		5,365,000
Model Home [Member] | Model Homes-DMH LP #204 [Member]
Encumbrances		2,810,000
Land, Initial Cost		980,000
Building and Improvements, Initial Cost		4,903,000
Acquisition Price		5,883,000
Land Cost, Total Cost		980,000
Building & Improvements, Total Cost		4,903,000
Total cost		5,883,000
Accumulated Depreciation & Depreciation	[1]	361,000
NBV Real Estate		5,522,000
Model Home [Member] | Model Homes-DMH LP #205 [Member]
Encumbrances		4,207,000
Land, Initial Cost		1,260,000
Building and Improvements, Initial Cost		5,223,000
Acquisition Price		6,482,000
Land Cost, Total Cost		1,260,000
Building & Improvements, Total Cost		5,223,000
Total cost		6,482,000
Accumulated Depreciation & Depreciation	[1]	280,000
NBV Real Estate		6,202,000
Model Home [Member] | Model Homes-DMH LP #206 [Member]
Encumbrances		2,097,000
Land, Initial Cost		392,000
Building and Improvements, Initial Cost		2,740,000
Acquisition Price		3,132,000
Land Cost, Total Cost		392,000
Building & Improvements, Total Cost		2,740,000
Total cost		3,132,000
Accumulated Depreciation & Depreciation	[1]	75,000
NBV Real Estate		3,057,000
Model Home [Member] | Model Homes-NMH Inc. [Member]
Encumbrances		8,945,000
Land, Initial Cost		1,881,000
Building and Improvements, Initial Cost		10,920,000
Acquisition Price		12,801,000
Land Cost, Total Cost		1,881,000
Building & Improvements, Total Cost		10,920,000
Total cost		12,801,000
Accumulated Depreciation & Depreciation	[1]	388,000
NBV Real Estate		$ 12,413,000
[1]	Depreciation is computed on a straight-line basis using useful lives up to 39 years.
[2]	Property held for sale as of December 31, 2021.

Schedule III - Real Estate an_5

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Balances (Details)	12 Months Ended
	Dec. 31, 2021USD ($)		Dec. 31, 2020USD ($)
Balance at the beginning of the year	$ 208,641,166		$ 244,320,582
Acquisitions	22,224,826		10,161,613
Improvements	1,598,105		2,834,367
Impairments	(608,000)		(1,730,851)
Dispositions of real estate	(60,842,404)		(46,944,545)
Balance at the end of the year	171,013,693		208,641,166
Balance at the beginning of the year	(42,387,199)		(44,113,962)
Depreciation and amortization expense	(5,029,579)		(5,938,958)
Dispositions of real estate	14,468,021		7,665,721
Balance at the end of the year	(32,948,757)	[1]	(42,387,199)
Real estate assets, net	$ 138,064,936		$ 166,253,967
[1]	Depreciation is computed on a straight-line basis using useful lives up to 39 years.