Presidio Property Trust (SQFT) 10-Q 11 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 11, 2022
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	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	001-34049
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 Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		12,371,324
Series A Common Stock Purchase Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock Purchase Warrants
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
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
Trading Symbol	SQFT
Security Exchange Name	NASDAQ

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
ASSETS
Land	$ 17,836,329	$ 21,136,379
Buildings and improvements	115,053,575	119,224,375
Tenant improvements	12,184,676	12,752,518
Lease intangibles	4,110,139	4,110,139
Real estate assets and lease intangibles held for investment, cost	149,184,719	157,223,411
Accumulated depreciation and amortization	(30,368,624)	(30,589,969)
Real estate assets and lease intangibles held for investment, net	118,816,095	126,633,442
Real estate assets held for sale, net	6,679,654	11,431,494
Real estate assets, net	125,495,749	138,064,936
Cash, cash equivalents and restricted cash	21,066,945	14,702,089
Deferred leasing costs, net	1,137,233	1,348,234
Goodwill	2,423,000	2,423,000
Other assets, net	3,876,429	4,658,504
Investments held in Trust (see Notes 2 & 9)	135,096,767	0
TOTAL ASSETS	289,096,123	161,196,763
Liabilities:
Mortgage notes payable, net	89,432,732	87,324,319
Mortgage notes payable related to properties held for sale, net	4,500,502	1,535,513
Mortgage notes payable, total net	93,933,234	88,859,832
Accounts payable and accrued liabilities	3,895,445	4,569,537
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	4,774,808	15,499
Accrued real estate taxes	953,277	1,940,913
Dividends payable preferred stock	179,685	179,685
Lease liability, net	61,518	75,547
Below-market leases, net	45,685	73,130
Total liabilities	103,843,652	95,714,143
Commitments and contingencies (Note 2 & 9)
Equity:
Additional paid-in capital	183,126,885	186,492,012
Dividends and accumulated losses	(135,754,642)	(130,947,434)
Total stockholders' equity before noncontrolling interest	47,499,381	55,669,775
Noncontrolling interest	9,116,371	9,812,845
Total equity	56,615,752	65,482,620
TOTAL LIABILITIES AND EQUITY	289,096,123	161,196,763
Common Class A [Member]
Equity:
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,793,757 shares and 11,599,720 shares were issued and outstanding at June 30, 2022 and December 31, 2021, respectively	117,938	115,997
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Liabilities:
SPAC Class A common stock subject to possible redemption; 13,225,000 shares (at $10.20 per share), net of issuance cost of approximately $6,400,000	128,636,719	0
Series D Preferred Stock [Member]
Equity:
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 920,000 shares issued and outstanding (liquidation preference $25.00 per share) as of June 30, 2022 and December 31, 2021, respectively	$ 9,200	$ 9,200

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Preferred stock, shares authorized (in shares)	1,000,000
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)	11,793,757	11,599,720
Common stock, shares outstanding (in shares)	11,793,757	11,599,720
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Temporary equity shares outstanding (in shares)	13,225,000
Temporary equity per share (in dollars per share)	$ 10.2
Temporary equity issuance cost	$ 6,400,000
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	920,000
Preferred stock, shares outstanding (in shares)	920,000	920,000
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues:
Rental income	$ 4,188,076	$ 4,553,798	$ 8,640,394	$ 10,031,021
Fees and other income	132,784	292,785	253,607	484,316
Total revenue	4,320,860	4,846,583	8,894,001	10,515,337
Costs and expenses:
Rental operating costs	1,348,083	1,485,815	2,931,556	3,324,738
General and administrative	1,214,005	1,344,770	2,797,696	2,882,036
Depreciation and amortization	1,316,193	1,368,209	2,655,418	2,797,143
Impairment of real estate assets	0	0	0	300,000
Total costs and expenses	3,878,281	4,198,794	8,384,670	9,303,917
Other income (expense):
Interest and other (expense), net	93,128	(20,657)	166,733	(53,443)
Gain on sales of real estate, net	1,227,484	2,594,341	2,750,269	1,433,014
Gain on extinguishment of government debt	0	0	0	10,000
Income tax expense	(259,285)	(238,701)	(524,524)	(288,899)
Total other income (expense), net	(24,533)	1,127,947	288,905	(1,690,758)
Net income (loss)	418,046	1,775,736	798,236	(479,338)
Less: Income attributable to noncontrolling interests	(709,202)	(925,697)	(1,917,878)	(1,332,305)
Net income (loss) attributable to Presidio Property Trust, Inc. stockholders	(291,156)	850,039	(1,119,642)	(1,811,643)
Less: Preferred Stock Series D dividends	(539,056)	(95,836)	(1,078,111)	(95,836)
Less: Series A Warrant dividend	0	0	(2,456,512)	0
Net income (loss) attributable to Presidio Property Trust, Inc. common stockholders	$ (830,212)	$ 754,203	$ (4,654,265)	$ (1,907,479)
Net income (loss) per share attributable to Presidio Property Trust, Inc. common stockholders:
Basic & Diluted (in dollars per share)	$ (0.07)	$ 0.08	$ (0.39)	$ (0.20)
Weighted average number of common shares outstanding - basic & diluted (in shares)	11,799,689	9,508,363	11,786,741	9,508,363
Mortgage Notes [Member]
Other income (expense):
Interest expense	$ (1,085,860)	$ (1,207,036)	$ (2,103,573)	$ (2,512,057)
Notes Payable [Member]
Other income (expense):
Interest expense	$ 0	$ 0	$ 0	$ (279,373)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)	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, 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	(2,661,682)	(2,661,682)	406,608	(2,255,074)
Dividends paid to Series A Common Stockholders	$ 0	$ 0	$ 0	$ (998,795)	$ (998,795)	$ 0	$ (998,795)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(2,034,212)	(2,034,212)
Balance (in shares) at Mar. 31, 2021															0	9,508,363
Balance at Mar. 31, 2021															$ 0	$ 95,038	156,463,146	(125,334,982)	31,223,202	13,611,298	44,834,500
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)																					(479,338)
Balance (in shares) at Jun. 30, 2021															920,000	9,508,363
Balance at Jun. 30, 2021															$ 9,200	$ 95,038	176,943,749	(125,590,168)	51,457,819	13,792,111	65,249,930
Balance (in shares) at Mar. 31, 2021															0	9,508,363
Balance at Mar. 31, 2021															$ 0	$ 95,038	156,463,146	(125,334,982)	31,223,202	13,611,298	44,834,500
Net income (loss)															0	0	0	850,039	850,039	925,697	1,775,736
Dividends paid to Series A Common Stockholders															0	0	0	(1,009,389)	(1,009,389)	0	(1,009,389)
Dividends to Series D Preferred Stockholders															0	0	0	(95,836)	(95,836)	0	(95,836)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(744,884)	(744,884)
Issuance of preferred stock Series D, net of issuance costs (in shares)															920,000	0
Issuance of preferred stock Series D, net of issuance costs															$ 9,200	$ 0	20,480,603	0	20,489,803	0	20,489,803
Balance (in shares) at Jun. 30, 2021															920,000	9,508,363
Balance at Jun. 30, 2021															$ 9,200	$ 95,038	176,943,749	(125,590,168)	51,457,819	13,792,111	65,249,930
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
Net income (loss)															$ 0	$ 0	0	(828,486)	(828,486)	1,208,676	380,190
Vesting of restricted stock (in shares)															0	196,250
Vesting of restricted stock															$ 0	$ 1,963	762,423	0	764,386	0	764,386
Dividends paid to Series A Common Stockholders	$ 0	$ 0	$ 0	$ (1,298,252)	$ (1,298,252)	$ 0	$ (1,298,252)
Dividends to Series D Preferred Stockholders								$ 0	$ 0	$ 0	$ (539,056)	$ (539,056)	$ 0	$ (539,056)
Remeasurement of SPAC Class A common stock subject to possible redemption															0	0	(4,023,113)	0	(4,023,113)	0	(4,023,113)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(258,410)	(258,410)
Balance (in shares) at Mar. 31, 2022															920,000	11,795,970
Balance at Mar. 31, 2022															$ 9,200	$ 117,960	183,231,322	(133,613,228)	49,745,254	10,763,111	60,508,365
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
Net income (loss)																					798,236
Balance (in shares) at Jun. 30, 2022															920,000	11,793,757
Balance at Jun. 30, 2022															$ 9,200	$ 117,938	183,126,885	(135,754,642)	47,499,381	9,116,371	56,615,752
Balance (in shares) at Mar. 31, 2022															920,000	11,795,970
Balance at Mar. 31, 2022															$ 9,200	$ 117,960	183,231,322	(133,613,228)	49,745,254	10,763,111	60,508,365
Net income (loss)															$ 0	$ 0	0	(291,156)	(291,156)	709,202	418,046
Vesting of restricted stock (in shares)															0	8,198
Vesting of restricted stock															$ 0	$ 82	27,955		28,037	0	28,037
Dividends paid to Series A Common Stockholders															0	0	0	(1,311,202)	(1,311,202)	0	(1,311,202)
Dividends to Series D Preferred Stockholders															0	0	0	(539,056)	(539,056)	0	(539,056)
Remeasurement of SPAC Class A common stock subject to possible redemption															0	0	(101,767)	0	(101,767)	0	(101,767)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(2,355,942)	(2,355,942)
Repurchase of Series A Common Stock, at cost (in shares)															0	(10,411)
Repurchase of Series A Common Stock, at cost															$ 0	$ (104)	(30,625)		(30,729)	0	(30,729)
Balance (in shares) at Jun. 30, 2022															920,000	11,793,757
Balance at Jun. 30, 2022															$ 9,200	$ 117,938	$ 183,126,885	$ (135,754,642)	$ 47,499,381	$ 9,116,371	$ 56,615,752

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net income (loss)	$ 798,236	$ (479,338)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation and amortization	2,655,418	2,797,143
Stock compensation	568,701	582,199
Bad debt expense	13,416	0
Gain on sale of real estate assets, net	(2,750,269)	(1,433,014)
Gain on extinguishment of government debt	0	(10,000)
Net change in fair value marketable securities	156,891	19,785
Impairment of real estate assets	0	300,000
Amortization of financing costs	125,850	371,201
Amortization of above-market leases	0	36,055
Amortization of below-market leases	(27,445)	(34,450)
Straight-line rent adjustment	(46,305)	(170,554)
Changes in operating assets and liabilities:
Other assets	317,942	246,728
Accounts payable and accrued liabilities	(1,284,696)	(938,461)
Accrued real estate taxes	(987,636)	(1,607,985)
Net cash used in operating activities	(459,897)	(320,691)
Cash flows from investing activities:
Real estate acquisitions	(4,646,330)	(2,851,800)
Additions to buildings and tenant improvements	(832,990)	(332,508)
Investment in marketable securities	(661,247)	(756,178)
Proceeds from sale of marketable securities	1,111,608	63,456
Investment of SPAC IPO proceeds into Trust Account	(134,895,000)	0
Additions to deferred leasing costs	(35,864)	(73,491)
Proceeds from sales of real estate, net	18,839,913	44,335,436
Net cash provided by (used in) investing activities	(121,119,910)	40,384,915
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs	12,590,235	8,003,807
Repayment of mortgage notes payable	(7,361,659)	(38,077,499)
Repayment of note payable	0	(7,675,598)
Payment of deferred offering costs	(3,201,266)	(214,982)
Distributions to noncontrolling interests, net	(2,614,352)	(2,779,096)
Proceeds from initial public offering of SPAC	132,250,000	0
Issuance of Preferred Stock Series D, net of offering costs	0	20,489,803
Repurchase of common stock, at cost	(30,729)	0
Dividends paid to preferred stockholders	(1,078,112)	0
Dividends paid to common stockholders	(2,609,454)	(2,008,184)
Net cash provided by (used in) financing activities	127,944,663	(22,261,749)
Net increase (decrease) in cash equivalents and restricted cash	6,364,856	17,802,475
Cash, cash equivalents and restricted cash - beginning of period	14,702,089	11,540,917
Cash, cash equivalents and restricted cash - end of period	21,066,945	29,343,392
Non-cash financing activities:
Unpaid deferred financing costs	0	35,000
Deferred offering cost SPAC, underwriting commission payable	4,628,750	0
Dividends payable - Preferred Stock Series D	179,685	95,836
Mortgage Notes [Member]
Supplemental disclosure of cash flow information:
Interest paid	1,971,942	2,400,367
Notes Payable [Member]
Supplemental disclosure of cash flow information:
Interest paid	$ 0	$ 103,861

Note 1 - Organization

Note 1 - Organization	6 Months Ended
	Jun. 30, 2022
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 June 30, 2022 • The Company is the general and limit ed partner in five #202, #203, #204, #205, #206, The Company has determined that the limited partnerships in which it owns less than 100% 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 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 Distinguishing Liabilities from Equity 815 Derivatives and Hedging June 30, 2022 Warrant Dividend. January 2022, five January 21, 2022. January 24, 2022 January 14, 2022 January 21, 2022. one five not 1/10 first Preferred Stock Series D June 15, 2021, June 17, 2021, ommissions and the offering expenses paid by the Company and deferred offering costs. The Company has used these proceeds for general corporate and working capital purposes, including acquiring additional properties. Liquidity. The Company's anticipated future sources of liquidity may not may Short-term liquidity needs include paying our current operating costs, satisfying the debt service requirements of existing mortgages, completing ten ant improvements, paying leasing commissions, and funding dividends to stockholders. Future principal payments due on mortgage notes payables, during the last six 2022, , of which is related to model home properties. Management expects certain model home properties can be sold, and that the underlying mortgage notes will be paid off with sales proceeds while other mortgage notes can be refinanced, as the Company has historically been able to do in the past. Additional principal payments will be made with cash flows from ongoing operations. 300 June 11, 2022. May 11, 2022 2. As the Company continues its operations, it may no not twelve

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. There have been no 10 December 31, 2021 December 31, 2021 10 March 30, 2022. Basis of Presentation. 10 8 X. three six June 30, 2022 2021 not may December 31, 2022. 10 December 31, 2021 December 31, 2021 10 March 30, 2022. three six June 30, 2022 not December 31, 2022 19 Principles of Consolidation The condensed consolidated financial statements also include the accounts of (a) Murphy Canyon Acquisition Corp. ("Murphy Canyon"), which is a SPAC, for which we serve as the financial sponsor (as described below), and which is deemed to be controlled by us as a result of our 23.5% equity ownership stake, the overlap of three 2, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolid ated net income (loss) in 2022 2021 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 property 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 but are not The value attributable 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 l ease. 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 $14,000 and $27,000 for the three six June 30, 2022 , respectively. Amortization of above and below-market rents resulted in a net decrease in rental income of approximately$3,000 three six June 30, 2021 , respectively. The value of in-place leases and unamortized lease origination costs a re amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten third three six June 30, 2022 $0.1 million and $0.2 million for the three six June 30, 2021 , respectively. Deferred Leasing Costs. Costs incurred in connection with successful one five party leasing commissions. Management re-evaluates the remaining useful lives of leasing costs as the creditworthiness of the tenants and economic and market conditions change. If management determines the estimated remaining life of the respective lease has changed, the amortization period is adjusted. At June 30, 2022 and December 31, 2021 , the Company had net deferred leasing costs of approximately $1.1 million and $1.4 million, respectively. Total amortization expense for the three six June 30, 2022 three six June 30, 2021 was approximately $0.1 million and $0.2 million, respectively. Cash Equivalents and Restricted Cash. June 30, 2022 December 31, 2021 three may $250,000 No June 30, 2022 December 31, 2021 Real Estate Held for Sale. June 30, 2022 one five Deferred Offering Costs. June 30, 2022 and December 31, 2021 approximately $117,000 and $135,000, at the end of each period. These costs are December 31, 2021 June 30, 2022 preparation of a registration statement. June 30, 2022 and December 31, 2021 Impairments of Real Estate Assets. 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 Fair Value Measurements • Level 1: • Level 2: not • Level 3: no When available, we utilize quoted market prices from independent third 1 2 . not not Additionally, in an inactive market, a market price quoted from an independent third may third not June 30, 2022 December 31, 2021 1 no June 30, 2022 December 31, 2021 . Earnings per share ( EPS ). 260, two two Dilutive common stock equivalents include the dilutive effect of in-the-money stock equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common stock equivalents if their effect would be anti-dilutive. In periods in which a net loss has been incurred, all potentially dilutive common stock shares are considered anti-dilutive and thus are excluded from the calculation. Securities that are excluded from the calculation of weighted average dilutive common stock, because their inclusion would have been antidilutive, are: For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Common Stock Warrants 2,000,000 — 2,000,000 — Placement Agent Warrants 80,000 — 80,000 — Series A Warrants 14,450,069 — 14,450,069 — Unvested Common Stock Grants 577,567 385,274 577,567 385,274 Total potentially dilutive shares 17,107,636 385,274 17,107,636 385,274 Variable Interest Entity. first We analyze any investments in VIEs to determine if we are the primary beneficiary. In evaluating whether we are the primary beneficiary, we evaluate our direct and indirect economic interests in the entity. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in the VIE. Determining which reporting entity, if any, has a controlling financial interest in a VIE is primarily a qualitative approach focused on identifying which reporting entity has both: (i) the power to direct the activities of a VIE that most significantly impact such entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits from such entity that could potentially be significant to such entity. Performance of that analysis requires the exercise of judgment. We consider a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance including, but not The Company is involved in the formation of an entity considered to be Variable Interest Entity (“VIE”). The Company evaluates the consolidation of this entity as required pursuant to ASC Topic 810 not Following the completion of the Murphy Canyon IPO, we determined that Murphy Canyon is a Variable Interest Entity ("VIE") in which we have a variable interest because we participated in its formation and design, manage the significant activities, and Murphy Canyon does not not 480 10 S99 3A. 9 Shares Subject to Possible Redemption 480 480, not All of the Public Shares of Murphy Canyon SPAC (Class A Common Shares) contain a redemption feature which allows for the redemption of such Public Shares in connection with our liquidation, if there is a stockholder vote or tender offer in connection with our initial business combination and in connection with certain amendments to our amended and restated certificate of incorporation. In accordance with SEC and its guidance on redeemable equity instruments, which has been codified in ASC 480 10 S99, not June 30, 2022 June 30, 2022 Given that the Public Shares were issued with other freestanding instruments (i.e., public warrants which were classified as permanent equity as described below), the proceeds and initial carrying value of Class A common stock classified as temporary equity was allocated in accordance with ASC 470 20. 480 10 S99. three March 31, 2022. 9 Warrant Instruments SPAC. 480 815, 815 40 840 no not no See Note 9 Subsequent Events. We evaluate subsequent events up until the date the condensed consolidated financial statements are issued. Recently Issued and Adopted Accounting Pronouncements. In June 2017, No. 2016 13, Financial Instruments – Credit Losses, amended February 2020 No. 2020 02, Financial Instruments—Credit Losses (Topic 326 842 . ASU 2016 13 2016 13 2016 13 December 15, 2019, 2020 02 December 15, 2022. not I n August 2020, No. 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 This ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no No. 2020 06 December 15, 2021, no December 15, 2020, no In June 2022, No. 2022 03, Fair Value Measurement (Topic 820 2022 03 not 2022 03 December 15, 2023.

Note 3 - Recent Real Estate Tra

Note 3 - Recent Real Estate Transactions	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Acquisitions during the six June 30, 2022 : • The Company acquired 8 model homes for approximately $4.6 million. The purchase price was paid through cash payments of approximately $1.4 million and mortgage notes of approximately $3.2 million. Acquisitions during the six June 30, 2021 • Th e Company acquired six model homes for approximately . These acquisitions were paid for with approximately in cash payments and approximately in mortgage loans. There were no Dispositions during the six June 30, 2022 : • World Plaza, which was sold on March 11, 2022, • The Company disposed of 18 model homes for approximately $10.0 million and recognized a gain of approximately $3.0 million. Dispositions during the six June 30, 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 approximately approximately • Executive Office Park, which was sold on May 21, 2021 approximately • The Company disposed of 32 model homes for approximately $15.1 million and recognized a gain of approximately $2.3 million.

Note 4 - Real Estate Assets

Note 4 - Real Estate Assets	6 Months Ended
	Jun. 30, 2022
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 triple-net leased model home properties. We have five commercial properties located in Colorado, four in North Dakota, one in Southern California, one in Texas and one in Maryland. Our model home properties are located in three states. As of June 30, 2022 • Eight • Three • 82 model home residential properties (“Model Homes” or “Model Home Properties”), totaling approximately 252,235 square feet, leased back on a triple-net basis to homebuilders that are owned by five affiliated limited partnerships and one wholly-owned corporation, all of which we control. A summary of the properties owned by the Company as of June 30, 2022 December 31, 2021 Date Real estate assets, net (in thousands) Property Name Acquired Location June 30, 2022 December 31, 2021 World Plaza (1) September 2007 San Bernardino, CA $ — $ 9,272,213 Genesis Plaza (3) August 2010 San Diego, CA 8,062,568 8,310,803 Dakota Center May 2011 Fargo, ND 8,475,529 8,607,360 Grand Pacific Center (2) March 2014 Bismarck, ND 5,345,784 5,457,447 Arapahoe Center December 2014 Centennial, CO 8,717,481 8,821,278 Union Town Center December 2014 Colorado Springs, CO 9,053,038 9,169,387 West Fargo Industrial August 2015 Fargo, ND 6,951,471 7,025,325 300 N.P. August 2015 Fargo, ND 2,942,377 2,929,563 Research Parkway August 2015 Colorado Springs, CO 2,344,622 2,375,943 One Park Center August 2015 Westminster, CO 8,028,575 7,992,420 Shea Center II December 2015 Highlands Ranch, CO 19,960,778 20,246,645 Mandolin (4) August 2021 Houston, TX 4,829,841 4,875,696 Baltimore December 2021 Baltimore, MD 8,774,229 8,891,810 Presidio Property Trust, Inc. properties 93,486,293 103,975,890 Model Home properties (5) 2016 2022 IL, TX, WI 32,009,456 34,089,046 Total real estate assets and lease intangibles, net $ 125,495,749 $ 138,064,936 ( 1 six June 30, 2022 ( 2 June 30, 2022 ( 3 ( 4 ( 5 June 30, 2022 .

Note 5 - Lease Intangibles

Note 5 - Lease Intangibles	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	5. The following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible asset: June 30, 2022 December 31, 2021 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,420,078 ) $ 95,186 $ 2,515,264 $ (2,353,782 ) $ 161,482 Leasing costs 1,261,390 (1,201,566 ) 59,824 1,261,390 (1,165,701 ) 95,689 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (3,955,129 ) $ 155,010 $ 4,110,139 $ (3,852,968 ) $ 257,171 At June 30, 2022 December 31, 2021 June 30, 2022 December 31, 2021 The net value of acquired intangible liabilities was approximately $45,685 and $73,130 relating to below-market leases at June 30, 2022 December 31, 2021 Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows: 2022 $ 100,181 2023 17,526 2024 17,526 2025 15,670 2026 4,107 Thereafter — Total $ 155,010

Note 6 - Other Assets

Note 6 - Other Assets	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Other Assets Disclosure [Text Block]	6. Other assets consist of the following: June 30, December 31, 2022 2021 Deferred rent receivable $ 1,435,377 $ 1,660,197 Prepaid expenses, deposits and other 775,972 473,554 Investment in marketable securities 984,201 1,514,483 Accounts receivable, net 134,756 401,927 Right-of-use assets, net 60,411 74,643 Other intangibles, net 52,483 82,483 Notes receivable 316,374 316,374 Deferred offering costs 116,855 134,843 Total other assets $ 3,876,429 $ 4,658,504 Periodically, the Company may third not 815 not may no may As of June 30, 2022 six June 30, 2022 June 30, 2022 December 31, 2021, ten December 31, 2021, December 31, 2021

Note 7 - Mortgage Notes Payable

Note 7 - Mortgage Notes Payable	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Mortgage Notes Payable Disclosure [Text Block]	7. Mortgage notes payable consist of the following: Principal as of June 30, December 31, Loan Interest Mortgage note property 2022 2021 Type Rate (1) Maturity 300 N.P. (2) - 2,232,923 Fixed 4.95 % 6/11/2022 Dakota Center 9,560,814 9,677,108 Fixed 4.74 % 7/6/2024 Research Parkway 1,677,119 1,705,438 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,687,042 7,770,887 Fixed 4.34 % 1/5/2025 Union Town Center 8,099,754 8,173,568 Fixed 4.28 % 1/5/2025 One Park Centre 6,220,286 6,276,849 Fixed 4.77 % 9/5/2025 Genesis Plaza 6,112,415 6,168,604 Fixed 4.71 % 9/6/2025 Shea Center II 17,362,510 17,494,527 Fixed 4.92 % 1/5/2026 West Fargo Industrial (6) 4,089,833 4,148,405 Fixed 3.27 % 8/5/2029 Grand Pacific Center (3) (4) 3,558,614 3,619,695 Fixed 4.02 % 8/1/2037 Baltimore 5,670,000 — Fixed 4.67 % 4/6/2032 Mandolin 3,665,201 — Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 73,703,588 $ 67,268,004 Model Home mortgage notes (4) (5) 20,947,121 22,154,128 Fixed 2022 2024 Mortgage Notes Payable $ 94,650,709 $ 89,422,132 Unamortized loan costs (717,475 ) (562,300 ) Mortgage Notes Payable, net $ 93,933,234 $ 88,859,832 ( 1 Interest rates as of June 30, 2022 ( 2 The mortgage note payable for 300 June 11, 2022. May 11, 2022 ( 3 Interest rate is subject to possible reset on September 1, 2023. ( 4 Property held for sale as of June 30, 2022 five ( 5 Our model homes have stand-alone mortgage note at interest rates ranging fro m 2.50% to 5.18% per annu June 30, 2022 ( 6 Interest rate is subject to possible reset on August 5, 2023. The Company is in compliance with all material conditions and covenants of its mortgage notes payable. Scheduled principal payments of mortgage notes payable were as follows as of June 30, 2022 Presidio Property Model Trust, Inc. Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2022 $ 704,494 $ 3,244,546 $ 3,949,040 2023 1,470,877 7,768,366 9,239,243 2024 10,449,488 9,934,209 20,383,697 2025 28,852,888 — 28,852,888 2026 16,719,849 — 16,719,849 Thereafter 15,505,992 — 15,505,992 Total $ 73,703,588 $ 20,947,121 $ 94,650,709

Note 8 - Notes Payable

Note 8 - Notes Payable	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Accounts Payable and Accrued Liabilities Disclosure [Text Block]	8. On April 22, 2020, 19 not no 2020. August 17, 2020, twelve 3.75% August 17, 2050. 19 Since September 2021, five 202 204 five November 2022 December 2022. On August 17, 2021, August 17, 2022. April 2022, third On December 20, 2021, December 20, 2022. March 2022, third

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. COMMITMENTS AND CONTINGENCIES 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 not Financial Markets. 19 may may not Sponsorship of Special Purpose Acquisition Company January 7, 2022, $132,250,000 tate owners and operators, arrangers of financing, insurance, and other services for real estate, and adjacent businesses and technologies targeting the real estate space, which we may three one 480 The SPAC's ability to complete a business combination may three six 6 The Murphy Canyon IPO, of 13,225,000 units (“Units”) and, with respect to the common stock included in the Units being offered, the (“Public Shares”), closed on February 7, 2022, June 30, 2022 . In connection with the initial public offering, Murphy Canyon incurred $7,738,161 in issuance costs, including $2,645,000 of underwriting discounts and commission, $4,628,750 of deferred underwriting fees and $464,411 of other offering costs. These costs were allocated to temporary and permanent equity and offset against the proceeds. 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

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2022
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 In accordance with the terms of the Series D Preferred Stock, the Series D monthly dividend has been approved by the Board of Directors through June 2022 15th three six June 30, 2022 Common Stock. not one not not one On July 12, 2021, August 2021 five In connection with this 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 cement Agent Warrants as equity or a liability and ultimately determined that it should be classified as permanent equity. As of June 30, 2022 , none Stock Repurchase Program . On September 17, 2021, September 2021, December 2021, first 2022, three June 30, 2022, Cash Dividends on Common Stock. three six June 30, 2022 three six June 30, 2021 no six June 30, 2022 2021 Series A Common Stock Quarter Ended 2022 2021 Distributions Declared Distributions Declared March 31 $ 0.105 $ 0.101 June 30 0.106 0.102 Total $ 0.211 $ 0.203 Series D Preferred Stock Month 2022 2021 Distributions Declared Distributions Declared January $ 0.19531 $ — February 0.19531 — March 0.19531 — April 0.19531 — May 0.19531 — June 0.19531 0.10417 Total $ 1.17186 $ 0.10417 Warrant Dividend. In January 2022, January 21, 2022. January 24, 2022 January 14, 2022 January 21, 2022. one five not 1/10 Partnership Interests. Through the Company, its subsidiaries, and its partnerships, we own 12 two five first five one Dividend Reinvestment Plan. The Company adopted a distribution reinvestment plan (the “DRIP”) that allowed stockholders to have dividends and other distributions otherwise distributable to them invested in additional shares of the Company’s Common Stock. The Company registered 3,000,000 shares of Common Stock pursuant to the DRIP. The purchase price per share used in the past was 95% of the price the Company sold its shares, or $19.00 per share. No sales commission or dealer manager fees were paid on shares sold through the DRIP. The Company may thirty January 23, 2012, December 7, 2018 October 6, 2020 June 30, 2022 , approximately $17.4 million or approximately 917,074 shares of Common Stock have been issued under the DRIP. No 2018.

Note 11 - Share-based Incentive

Note 11 - Share-based Incentive Plan	6 Months Ended
	Jun. 30, 2022
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 During our Annual Stockholders meeting, held on May 26, 2022, 2017 A summary of the activity for the Company’s restricted stock was as follows: Outstanding shares: Common Shares Balance at December 31, 2021 295,471 Granted 389,823 Forfeited (11,780 ) Vested (95,947 ) Balance at June 30, 2022 577,567 The non-vested restricted shares outstanding as of June 30, 2022 one six Share-based compensation expense was approximately $0.6 million six June 30, 2022 2021 June 30, 2022 ,

Note 12 - Segments

Note 12 - Segments	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Segment Reporting Disclosure [Text Block]	12. The Company’s reportable segments consist of three not 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). NOI excludes certain items that are not The following tables compare the Company’s segment activity to its results of operations and financial position as of and for the three six June 30, 2022 June 30, 2021 Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Office/Industrial Properties: Rental, fees and other income $ 3,150,251 $ 3,317,847 $ 6,273,139 $ 7,260,652 Property and related expenses (1,174,391 ) (1,262,483 ) (2,530,925 ) (3,116,754 ) Net operating income, as defined 1,975,860 2,055,364 3,742,214 4,143,898 Model Home Properties: Rental, fees and other income 696,964 845,412 1,407,292 1,789,190 Property and related expenses (25,440 ) (30,215 ) (53,208 ) (80,501 ) Net operating income, as defined 671,524 815,197 1,354,084 1,708,689 Retail Properties: Rental, fees and other income 471,344 683,324 1,224,685 1,465,495 Property and related expenses (145,951 ) (193,117 ) (358,538 ) (427,483 ) Net operating income, as defined 325,393 490,207 866,147 1,038,012 Reconciliation to net loss: Total net operating income, as defined, for reportable segments 2,972,777 3,360,768 5,962,445 6,890,599 General and administrative expenses (1,214,005 ) (1,344,770 ) (2,797,696 ) (2,882,036 ) Depreciation and amortization (1,316,193 ) (1,368,209 ) (2,655,418 ) (2,797,143 ) Interest expense (1,085,860 ) (1,207,036 ) (2,103,573 ) (2,791,430 ) Gain on extinguishment of government debt — — — 10,000 Other income (expense), net 93,128 (20,657 ) 166,733 (53,443 ) Income tax expense (259,285 ) (238,701 ) (524,524 ) (288,899 ) Gain (loss) on sale of real estate 1,227,484 2,594,341 2,750,269 1,433,014 Net income (loss) $ 418,046 $ 1,775,736 $ 798,236 $ (479,338 ) June 30, December 31, Assets by Reportable Segment: 2022 2021 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 77,224,583 $ 78,240,086 Total assets (2) $ 78,900,054 $ 76,453,436 Model Home Properties: Land, buildings and improvements, net (1) $ 32,009,456 $ 34,089,046 Total assets (2) $ 30,652,005 $ 31,047,202 Retail Properties: Land, buildings and improvements, net (1) $ 16,227,501 $ 25,693,239 Total assets (2) $ 16,909,932 $ 27,579,469 Reconciliation to Total Assets: Total assets for reportable segments $ 126,461,991 $ 135,080,107 Other unallocated assets: Cash, cash equivalents and restricted cash 12,154,873 6,738,345 Other assets, net 150,479,259 19,378,311 Total Assets $ 289,096,123 $ 161,196,763 ( 1 Includes lease intangibles and the land purchase option related to property acquisitions. ( 2 Includes land, buildings and improvements, cash, cash equivalents, and restricted cash, current receivables, deferred rent receivables and deferred leasing costs and other related intangible assets, all shown on a net basis. For the Six Months Ended June 30, Capital Expenditures by Reportable Segment 2022 2021 Office/Industrial Properties: Capital expenditures and tenant improvements $ 832,990 $ 289,685 Model Home Properties: Acquisition of operating properties 4,646,330 2,851,800 Retail Properties: Acquisition of operating properties — — Capital expenditures and tenant improvements — 42,823 Totals: Acquisition of operating properties, net 4,646,330 2,851,800 Capital expenditures and tenant improvements 832,990 332,508 Total real estate investments $ 5,479,320 $ 3,184,308

Note 13 - Subsequent Events

Note 13 - Subsequent Events	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	13. ENTS The Company has evaluated subsequent events through the filing of this Quarterly Report on Form 10 no

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation. 10 8 X. three six June 30, 2022 2021 not may December 31, 2022. 10 December 31, 2021 December 31, 2021 10 March 30, 2022. three six June 30, 2022 not December 31, 2022 19
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The condensed consolidated financial statements also include the accounts of (a) Murphy Canyon Acquisition Corp. ("Murphy Canyon"), which is a SPAC, for which we serve as the financial sponsor (as described below), and which is deemed to be controlled by us as a result of our 23.5% equity ownership stake, the overlap of three 2, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolid ated net income (loss) in 2022 2021 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 property 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 but are not The value attributable 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 l ease. 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 $14,000 and $27,000 for the three six June 30, 2022 , respectively. Amortization of above and below-market rents resulted in a net decrease in rental income of approximately$3,000 three six June 30, 2021 , respectively. The value of in-place leases and unamortized lease origination costs a re amortized to expenses over the remaining term of the respective leases, which range from less than a year to ten third three six June 30, 2022 $0.1 million and $0.2 million for the three six June 30, 2021 , respectively.
Deferred Leasing Costs [Policy Text Block]	Deferred Leasing Costs. Costs incurred in connection with successful one five party leasing commissions. Management re-evaluates the remaining useful lives of leasing costs as the creditworthiness of the tenants and economic and market conditions change. If management determines the estimated remaining life of the respective lease has changed, the amortization period is adjusted. At June 30, 2022 and December 31, 2021 , the Company had net deferred leasing costs of approximately $1.1 million and $1.4 million, respectively. Total amortization expense for the three six June 30, 2022 three six June 30, 2021 was approximately $0.1 million and $0.2 million, respectively.
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents and Restricted Cash. June 30, 2022 December 31, 2021 three may $250,000 No June 30, 2022 December 31, 2021
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale. June 30, 2022 one five
Deferred Charges, Policy [Policy Text Block]	Deferred Offering Costs. June 30, 2022 and December 31, 2021 approximately $117,000 and $135,000, at the end of each period. These costs are December 31, 2021 June 30, 2022 preparation of a registration statement. June 30, 2022 and December 31, 2021
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairments of Real Estate Assets. 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
Fair Value Measurement, Policy [Policy Text Block]	Fair Value Measurements • Level 1: • Level 2: not • Level 3: no When available, we utilize quoted market prices from independent third 1 2 . not not Additionally, in an inactive market, a market price quoted from an independent third may third not June 30, 2022 December 31, 2021 1 no June 30, 2022 December 31, 2021 .
Earnings Per Share, Policy [Policy Text Block]	Earnings per share ( EPS ). 260, two two Dilutive common stock equivalents include the dilutive effect of in-the-money stock equivalents, which are calculated based on the average share price for each period using the treasury stock method, excluding any common stock equivalents if their effect would be anti-dilutive. In periods in which a net loss has been incurred, all potentially dilutive common stock shares are considered anti-dilutive and thus are excluded from the calculation. Securities that are excluded from the calculation of weighted average dilutive common stock, because their inclusion would have been antidilutive, are: For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Common Stock Warrants 2,000,000 — 2,000,000 — Placement Agent Warrants 80,000 — 80,000 — Series A Warrants 14,450,069 — 14,450,069 — Unvested Common Stock Grants 577,567 385,274 577,567 385,274 Total potentially dilutive shares 17,107,636 385,274 17,107,636 385,274
Consolidation, Variable Interest Entity, Policy [Policy Text Block]	Variable Interest Entity. first We analyze any investments in VIEs to determine if we are the primary beneficiary. In evaluating whether we are the primary beneficiary, we evaluate our direct and indirect economic interests in the entity. A reporting entity is determined to be the primary beneficiary if it holds a controlling financial interest in the VIE. Determining which reporting entity, if any, has a controlling financial interest in a VIE is primarily a qualitative approach focused on identifying which reporting entity has both: (i) the power to direct the activities of a VIE that most significantly impact such entity’s economic performance; and (ii) the obligation to absorb losses or the right to receive benefits from such entity that could potentially be significant to such entity. Performance of that analysis requires the exercise of judgment. We consider a variety of factors in identifying the entity that holds the power to direct matters that most significantly impact the VIE’s economic performance including, but not The Company is involved in the formation of an entity considered to be Variable Interest Entity (“VIE”). The Company evaluates the consolidation of this entity as required pursuant to ASC Topic 810 not Following the completion of the Murphy Canyon IPO, we determined that Murphy Canyon is a Variable Interest Entity ("VIE") in which we have a variable interest because we participated in its formation and design, manage the significant activities, and Murphy Canyon does not not 480 10 S99 3A. 9
Shares Subject to Mandatory Redemption, Changes in Redemption Value, Policy [Policy Text Block]	Shares Subject to Possible Redemption 480 480, not All of the Public Shares of Murphy Canyon SPAC (Class A Common Shares) contain a redemption feature which allows for the redemption of such Public Shares in connection with our liquidation, if there is a stockholder vote or tender offer in connection with our initial business combination and in connection with certain amendments to our amended and restated certificate of incorporation. In accordance with SEC and its guidance on redeemable equity instruments, which has been codified in ASC 480 10 S99, not June 30, 2022 June 30, 2022 Given that the Public Shares were issued with other freestanding instruments (i.e., public warrants which were classified as permanent equity as described below), the proceeds and initial carrying value of Class A common stock classified as temporary equity was allocated in accordance with ASC 470 20. 480 10 S99. three March 31, 2022. 9
Derivatives, Policy [Policy Text Block]	Warrant Instruments SPAC. 480 815, 815 40 840 no not no See Note 9
Subsequent Events, Policy [Policy Text Block]	Subsequent Events. We evaluate subsequent events up until the date the condensed consolidated financial statements are issued.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Pronouncements. In June 2017, No. 2016 13, Financial Instruments – Credit Losses, amended February 2020 No. 2020 02, Financial Instruments—Credit Losses (Topic 326 842 . ASU 2016 13 2016 13 2016 13 December 15, 2019, 2020 02 December 15, 2022. not I n August 2020, No. 2020 06, Debt—Debt with Conversion and Other Options (Subtopic 470 20 815 40 This ASU simplifies accounting for convertible instruments by removing major separation models required under current U.S. GAAP. Consequently, more convertible debt instruments will be reported as a single liability instrument and more convertible preferred stock as a single equity instrument with no No. 2020 06 December 15, 2021, no December 15, 2020, no In June 2022, No. 2022 03, Fair Value Measurement (Topic 820 2022 03 not 2022 03 December 15, 2023.

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, 2022 2021 2022 2021 Common Stock Warrants 2,000,000 — 2,000,000 — Placement Agent Warrants 80,000 — 80,000 — Series A Warrants 14,450,069 — 14,450,069 — Unvested Common Stock Grants 577,567 385,274 577,567 385,274 Total potentially dilutive shares 17,107,636 385,274 17,107,636 385,274

Note 4 - Real Estate Assets (Ta

Note 4 - Real Estate Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Date Real estate assets, net (in thousands) Property Name Acquired Location June 30, 2022 December 31, 2021 World Plaza (1) September 2007 San Bernardino, CA $ — $ 9,272,213 Genesis Plaza (3) August 2010 San Diego, CA 8,062,568 8,310,803 Dakota Center May 2011 Fargo, ND 8,475,529 8,607,360 Grand Pacific Center (2) March 2014 Bismarck, ND 5,345,784 5,457,447 Arapahoe Center December 2014 Centennial, CO 8,717,481 8,821,278 Union Town Center December 2014 Colorado Springs, CO 9,053,038 9,169,387 West Fargo Industrial August 2015 Fargo, ND 6,951,471 7,025,325 300 N.P. August 2015 Fargo, ND 2,942,377 2,929,563 Research Parkway August 2015 Colorado Springs, CO 2,344,622 2,375,943 One Park Center August 2015 Westminster, CO 8,028,575 7,992,420 Shea Center II December 2015 Highlands Ranch, CO 19,960,778 20,246,645 Mandolin (4) August 2021 Houston, TX 4,829,841 4,875,696 Baltimore December 2021 Baltimore, MD 8,774,229 8,891,810 Presidio Property Trust, Inc. properties 93,486,293 103,975,890 Model Home properties (5) 2016 2022 IL, TX, WI 32,009,456 34,089,046 Total real estate assets and lease intangibles, net $ 125,495,749 $ 138,064,936

Note 5 - Lease Intangibles (Tab

Note 5 - Lease Intangibles (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	June 30, 2022 December 31, 2021 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,420,078 ) $ 95,186 $ 2,515,264 $ (2,353,782 ) $ 161,482 Leasing costs 1,261,390 (1,201,566 ) 59,824 1,261,390 (1,165,701 ) 95,689 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (3,955,129 ) $ 155,010 $ 4,110,139 $ (3,852,968 ) $ 257,171
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2022 $ 100,181 2023 17,526 2024 17,526 2025 15,670 2026 4,107 Thereafter — Total $ 155,010

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Other Assets [Table Text Block]	June 30, December 31, 2022 2021 Deferred rent receivable $ 1,435,377 $ 1,660,197 Prepaid expenses, deposits and other 775,972 473,554 Investment in marketable securities 984,201 1,514,483 Accounts receivable, net 134,756 401,927 Right-of-use assets, net 60,411 74,643 Other intangibles, net 52,483 82,483 Notes receivable 316,374 316,374 Deferred offering costs 116,855 134,843 Total other assets $ 3,876,429 $ 4,658,504

Note 7 - Mortgage Notes Payab_2

Note 7 - Mortgage Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	Principal as of June 30, December 31, Loan Interest Mortgage note property 2022 2021 Type Rate (1) Maturity 300 N.P. (2) - 2,232,923 Fixed 4.95 % 6/11/2022 Dakota Center 9,560,814 9,677,108 Fixed 4.74 % 7/6/2024 Research Parkway 1,677,119 1,705,438 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,687,042 7,770,887 Fixed 4.34 % 1/5/2025 Union Town Center 8,099,754 8,173,568 Fixed 4.28 % 1/5/2025 One Park Centre 6,220,286 6,276,849 Fixed 4.77 % 9/5/2025 Genesis Plaza 6,112,415 6,168,604 Fixed 4.71 % 9/6/2025 Shea Center II 17,362,510 17,494,527 Fixed 4.92 % 1/5/2026 West Fargo Industrial (6) 4,089,833 4,148,405 Fixed 3.27 % 8/5/2029 Grand Pacific Center (3) (4) 3,558,614 3,619,695 Fixed 4.02 % 8/1/2037 Baltimore 5,670,000 — Fixed 4.67 % 4/6/2032 Mandolin 3,665,201 — Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 73,703,588 $ 67,268,004 Model Home mortgage notes (4) (5) 20,947,121 22,154,128 Fixed 2022 2024 Mortgage Notes Payable $ 94,650,709 $ 89,422,132 Unamortized loan costs (717,475 ) (562,300 ) Mortgage Notes Payable, net $ 93,933,234 $ 88,859,832
Contractual Obligation, Fiscal Year Maturity [Table Text Block]	Presidio Property Model Trust, Inc. Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2022 $ 704,494 $ 3,244,546 $ 3,949,040 2023 1,470,877 7,768,366 9,239,243 2024 10,449,488 9,934,209 20,383,697 2025 28,852,888 — 28,852,888 2026 16,719,849 — 16,719,849 Thereafter 15,505,992 — 15,505,992 Total $ 73,703,588 $ 20,947,121 $ 94,650,709

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2022
Common Class A [Member]
Notes Tables
Dividends Declared [Table Text Block]	Quarter Ended 2022 2021 Distributions Declared Distributions Declared March 31 $ 0.105 $ 0.101 June 30 0.106 0.102 Total $ 0.211 $ 0.203 Month 2022 2021 Distributions Declared Distributions Declared January $ 0.19531 $ — February 0.19531 — March 0.19531 — April 0.19531 — May 0.19531 — June 0.19531 0.10417 Total $ 1.17186 $ 0.10417

Note 11 - Share-based Incenti_2

Note 11 - Share-based Incentive Plan (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Outstanding shares: Common Shares Balance at December 31, 2021 295,471 Granted 389,823 Forfeited (11,780 ) Vested (95,947 ) Balance at June 30, 2022 577,567

Note 12 - Segments (Tables)

Note 12 - Segments (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2022 2021 2022 2021 Office/Industrial Properties: Rental, fees and other income $ 3,150,251 $ 3,317,847 $ 6,273,139 $ 7,260,652 Property and related expenses (1,174,391 ) (1,262,483 ) (2,530,925 ) (3,116,754 ) Net operating income, as defined 1,975,860 2,055,364 3,742,214 4,143,898 Model Home Properties: Rental, fees and other income 696,964 845,412 1,407,292 1,789,190 Property and related expenses (25,440 ) (30,215 ) (53,208 ) (80,501 ) Net operating income, as defined 671,524 815,197 1,354,084 1,708,689 Retail Properties: Rental, fees and other income 471,344 683,324 1,224,685 1,465,495 Property and related expenses (145,951 ) (193,117 ) (358,538 ) (427,483 ) Net operating income, as defined 325,393 490,207 866,147 1,038,012 Reconciliation to net loss: Total net operating income, as defined, for reportable segments 2,972,777 3,360,768 5,962,445 6,890,599 General and administrative expenses (1,214,005 ) (1,344,770 ) (2,797,696 ) (2,882,036 ) Depreciation and amortization (1,316,193 ) (1,368,209 ) (2,655,418 ) (2,797,143 ) Interest expense (1,085,860 ) (1,207,036 ) (2,103,573 ) (2,791,430 ) Gain on extinguishment of government debt — — — 10,000 Other income (expense), net 93,128 (20,657 ) 166,733 (53,443 ) Income tax expense (259,285 ) (238,701 ) (524,524 ) (288,899 ) Gain (loss) on sale of real estate 1,227,484 2,594,341 2,750,269 1,433,014 Net income (loss) $ 418,046 $ 1,775,736 $ 798,236 $ (479,338 )
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, December 31, Assets by Reportable Segment: 2022 2021 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 77,224,583 $ 78,240,086 Total assets (2) $ 78,900,054 $ 76,453,436 Model Home Properties: Land, buildings and improvements, net (1) $ 32,009,456 $ 34,089,046 Total assets (2) $ 30,652,005 $ 31,047,202 Retail Properties: Land, buildings and improvements, net (1) $ 16,227,501 $ 25,693,239 Total assets (2) $ 16,909,932 $ 27,579,469 Reconciliation to Total Assets: Total assets for reportable segments $ 126,461,991 $ 135,080,107 Other unallocated assets: Cash, cash equivalents and restricted cash 12,154,873 6,738,345 Other assets, net 150,479,259 19,378,311 Total Assets $ 289,096,123 $ 161,196,763
Reconciliation of Other Significant Reconciling Items from Segments to Consolidated [Table Text Block]	For the Six Months Ended June 30, Capital Expenditures by Reportable Segment 2022 2021 Office/Industrial Properties: Capital expenditures and tenant improvements $ 832,990 $ 289,685 Model Home Properties: Acquisition of operating properties 4,646,330 2,851,800 Retail Properties: Acquisition of operating properties — — Capital expenditures and tenant improvements — 42,823 Totals: Acquisition of operating properties, net 4,646,330 2,851,800 Capital expenditures and tenant improvements 832,990 332,508 Total real estate investments $ 5,479,320 $ 3,184,308

Note 1 - Organization (Details

Note 1 - Organization (Details Textual)

1 Months Ended

6 Months Ended

Jul. 12, 2021 $ / shares shares

Jun. 17, 2021 USD ($) shares

Jun. 17, 2021 USD ($) shares

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

Jul. 29, 2020

Sep. 30, 2021 shares

Jun. 30, 2022 USD ($) $ / shares shares

Jun. 30, 2021 USD ($)

Jan. 24, 2022 $ / shares shares

Jan. 21, 2022 $ / shares shares

Aug. 31, 2021 $ / shares shares

Apr. 27, 2021 USD ($)

Jan. 23, 2012 $ / shares

Number of Limited Liability Companies

2

Number of Limited Partnerships in which Company is Sole General Partner

5

Equity Offering, Maximum Gross Proceeds | $

$ 200,000,000

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

$ 19

Proceeds from Issuance of Preferred Stock and Preference Stock | $

$ 0

$ 20,489,803

Long-Term Debt, Maturity, Remainder of Fiscal Year | $

3,949,040

Mortgage Notes [Member]

Long-Term Debt, Maturity, Remainder of Fiscal Year | $

$ 3,900,000

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

$ 5.50

Warrants and Rights Outstanding, Term (Year)

5 years

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%

Common Stock Warrants and Placement Agent Warrants [Member]

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

0

0

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

0.10

Series A Warrants [Member]

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

$ 7

$ 0.17

$ 7

Warrants and Rights Outstanding, Term (Year)

5 years

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

1

Class of Warrant or Right, Outstanding (in shares)

14,450,069

Common Class A [Member]

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

1,000,000

Series D Preferred Stock [Member]

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

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

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

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

5

Commercial Property [Member]

Number of Real Estate Properties, Fee Simple

12

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

Number of Real Estate Properties, Fee Simple

2

Mortgage Notes [Member] | Mortgage Notes [Member]

Long-Term Debt, Maturity, Remainder of Fiscal Year | $

$ 3,200,000

Mortgage Note, Due June 11, 2022 [Member] | The 300 N.P [Member]

Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid | $

$ 2,200,000

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)	3 Months Ended			6 Months Ended
	Jun. 30, 2022 USD ($)	Mar. 31, 2022	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Amortization of above and below Market Leases	$ 14,000		$ 3,000	$ 27,000	$ 2,000
Amortization of Intangible Assets	50,000		100,000	100,000	200,000
Deferred Costs, Total	1,100,000			1,100,000		$ 1,400,000
Operating Lease, Initial Direct Cost Expense, over Term	100,000		$ 100,000	200,000	$ 200,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Ending Balance	21,066,945			21,066,945		14,702,089
Restricted Cash, Total	4,300,000			4,300,000		4,700,000
Cash, Uninsured Amount	$ 13,500,000			$ 13,500,000		7,300,000
Number of Real Estate Properties Held for Sale	1			1
Unamortized Deferred Stock Costs	$ 117,000			$ 117,000		135,000
Marketable Securities, Total	984,201			984,201		1,514,483
Marketable Securities, Cost Basis	1,100,000			1,100,000		1,600,000
Fair Value, Inputs, Level 1 [Member]
Marketable Securities, Total	$ 1,000,000			$ 1,000,000		$ 1,500,000
Model Home [Member]
Number of Real Estate Properties Held for Sale	5			5
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
Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		1 year
SPAC, Murphy Canyon Acquisition Corp. [Member]
Equity Method Investment, Ownership Percentage	23.50%			23.50%

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Antidilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Antidilutive securities (in shares)	17,107,636	385,274	17,107,636	385,274
Common Stock Warrants [Member]
Antidilutive securities (in shares)	2,000,000	0	2,000,000	0
Placement Agent Warrants [Member]
Antidilutive securities (in shares)	80,000	0	80,000	0
Series A Warrants [Member]
Antidilutive securities (in shares)	14,450,069	0	14,450,069	0
Unvested Common Stock Grants [Member]
Antidilutive securities (in shares)	577,567	385,274	577,567	385,274

Note 3 - Recent Real Estate T_2

Note 3 - Recent Real Estate Transactions (Details Textual) $ in Millions					3 Months Ended	6 Months Ended
	May 21, 2021 USD ($)	May 20, 2021 USD ($)	Feb. 19, 2021 USD ($)	Jan. 28, 2021 USD ($)	Mar. 31, 2022 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties						18	32
Proceeds from Sale of Real Estate						$ 10	$ 15.1
Gain (Loss) on Sale of Properties						$ 3	$ 2.3
Model Home [Member]
Number of Real Estate Properties						8	6
Real Estate Property, Consideration Transferred, Total						$ 4.6	$ 2.9
Payments to Acquire Residential Real Estate						1.4	0.9
Model Home [Member] | Mortgage Notes [Member]
Notes Payable, Total						$ 3.2	$ 2
Waterman Plaza [Member] | Discontinued Operations [Member]
Proceeds from Sale of Real Estate					$ 10
Gain (Loss) on Sale of Properties					$ (0.3)
Waterman Plaza [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate				$ 3.5
Gain (Loss) on Sale of Properties				$ (0.2)
Garden Gateway [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate			$ 11.2
Gain (Loss) on Sale of Properties			$ (1.4)
Highland Court [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate		$ 10.2
Gain (Loss) on Sale of Properties		$ (1.6)
Executive Office Park [Member] | Discontinued Operations, Disposed of by Sale [Member]
Proceeds from Sale of Real Estate	$ 8.1
Gain (Loss) on Sale of Properties	$ 2.5

Note 4 - Real Estate Assets (De

Note 4 - Real Estate Assets (Details Textual)	6 Months Ended
	Jun. 30, 2022 ft² a	Mar. 31, 2022
Number of States Real Estate Property is Located	3
Number of Limited Partnerships in which Company is Sole General Partner	5
Number of Limited Liability Companies	2
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)	755,862
Retail Properties [Member]
Number of Real Estate Properties	4
Area of Real Estate Property (Square Foot) | a	65,242
Model Home [Member]
Number of Real Estate Properties	82
Area of Real Estate Property (Square Foot)	252,235
Number of Limited Partnerships in which Company is Sole General Partner	5
Number of Limited Liability Companies	1
Industrial Buildings [Member] | Office/Industrial Properties [Member]
Number of Real Estate Properties	1
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%
Genesis Plaza [Member] | Tenant-in-common Two [Member]
Percentage Ownership in Property	43%
Office/Industrial Properties [Member] | Office Buildings [Member]
Number of Real Estate Properties		8
COLOMBIA
Number of Real Estate Properties	5
NORTH DAKOTA
Number of Real Estate Properties	4
SOUTH DAKOTA
Number of Real Estate Properties	1
TEXAS
Number of Real Estate Properties	1
MARYLAND
Number of Real Estate Properties	1

Note 4 - Real Estate Assets - S

Note 4 - Real Estate Assets - Summary of Properties Owned (Details) - USD ($)		6 Months Ended
		Jun. 30, 2022	Dec. 31, 2021
Real estate assets owned		$ 125,495,749	$ 138,064,936
World Plaza [Member]
Geographic location	[1]	San Bernardino, CA
Real estate assets owned	[1]	$ 0	9,272,213
Genesis Plaza [Member]
Geographic location	[2]	San Diego, CA
Real estate assets owned	[2]	$ 8,062,568	8,310,803
Dakota Center [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 8,475,529	8,607,360
Grand Pacific Center [Member]
Geographic location	[3]	Bismarck, ND
Real estate assets owned	[3]	$ 5,345,784	5,457,447
Arapahoe Center [Member]
Geographic location		Centennial, CO
Real estate assets owned		$ 8,717,481	8,821,278
Union Town Center [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 9,053,038	9,169,387
West Fargo Industrial [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 6,951,471	7,025,325
The 300 N.P [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 2,942,377	2,929,563
Research Parkway [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 2,344,622	2,375,943
One Park Centre [Member]
Geographic location		Westminster, CO
Real estate assets owned		$ 8,028,575	7,992,420
Shea Center II [Member]
Geographic location		Highlands Ranch, CO
Real estate assets owned		$ 19,960,778	20,246,645
Mandolin [Member]
Geographic location	[4]	Houston, TX
Real estate assets owned	[4]	$ 4,829,841	4,875,696
Baltimore [Member]
Geographic location		Baltimore, MD
Real estate assets owned		$ 8,774,229	8,891,810
Presidio Property Trust, Inc. Properties [Member]
Real estate assets owned		$ 93,486,293	103,975,890
Model Home Properties [Member]
Geographic location	[5]	IL, TX, WI
Real estate assets owned	[5]	$ 32,009,456	$ 34,089,046
[1]This property was sold during the six months ended June 30, 2022.[2]Genesis Plaza is owned by two tenants-in-common, each of which owns 57% and 43%, respectively, and we beneficially own an aggregate of 76.4%.[3]This property is held for sale as of June 30, 2022.[4]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.[5]Includes Model Homes listed as held for sale as of June 30, 2022.

Note 5 - Lease Intangibles (Det

Note 5 - Lease Intangibles (Details Textual) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Finite-Lived Intangible Assets, Gross, Total	$ 4,110,139	$ 4,110,139
Finite-Lived Intangible Assets, Accumulated Amortization	3,955,129	3,852,968
Below Market Lease, Net, Ending Balance	45,685	73,130
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 ($)	Jun. 30, 2022	Dec. 31, 2021
Lease intangibles, gross	$ 4,110,139	$ 4,110,139
Accumulated Amortization	(3,955,129)	(3,852,968)
Lease Intangibles, net	155,010	257,171
Leases, Acquired-in-Place [Member]
Lease intangibles, gross	2,515,264	2,515,264
Accumulated Amortization	(2,420,078)	(2,353,782)
Lease Intangibles, net	95,186	161,482
Leasing Costs [Member]
Lease intangibles, gross	1,261,390	1,261,390
Accumulated Amortization	(1,201,566)	(1,165,701)
Lease Intangibles, net	59,824	95,689
Above Market Lease [Member]
Lease intangibles, gross	333,485	333,485
Accumulated Amortization	(333,485)	(333,485)
Lease Intangibles, net	$ 0	$ 0

Note 5 - Lease Intangibles - Am

Note 5 - Lease Intangibles - Amortization Expense (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
2022	$ 100,181
2023	17,526
2024	17,526
2025	15,670
2026	4,107
Thereafter	0
Total	$ 155,010	$ 257,171

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual)	Jun. 30, 2022 USD ($)	Dec. 31, 2021 USD ($)
Number of Publicly Traded REITs in which Common Shares are Owned	13	19
Number of Publicly Traded REITs in which Options are Owned	6	10
Investments, Fair Value Disclosure, Total	$ 989,654	$ 1,529,185
Marketable Securities, Total	984,201	1,514,483
Marketable Securities, Real Estate Investment Trust [Member] | Covered Call Option Contract [Member]
Derivative, Fair Value, Net, Total	$ 5,453	$ 14,702

Note 6 - Other Assets - Other A

Note 6 - Other Assets - Other Assets (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Investment in marketable securities	$ 984,201	$ 1,514,483
Total other assets	3,876,429	4,658,504
Other Assets [Member]
Deferred rent receivable	1,435,377	1,660,197
Prepaid expenses, deposits and other	775,972	473,554
Investment in marketable securities	984,201	1,514,483
Accounts receivable, net	134,756	401,927
Right-of-use assets, net	60,411	74,643
Other intangibles, net	52,483	82,483
Notes receivable	316,374	316,374
Deferred offering costs	116,855	134,843
Total other assets	$ 3,876,429	$ 4,658,504

Note 7 - Mortgage Notes Payab_3

Note 7 - Mortgage Notes Payable (Details Textual) $ in Millions	Jun. 30, 2022 USD ($)
Number of Real Estate Properties Held for Sale	1
The 300 N.P [Member] | Mortgage Note, Due June 11, 2022 [Member]
Debt Instrument, Periodic Payment Terms, Balloon Payment to be Paid	$ 2.2
Model Home [Member]
Number of Real Estate Properties Held for Sale	5
Model Home [Member] | Mortgage Notes [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage	2.50%
Model Home [Member] | Mortgage Notes [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage	5.18%

Note 7 - Mortgage Notes Payab_4

Note 7 - Mortgage Notes Payable - Mortgage Notes Payable (Details) - USD ($)		Jun. 30, 2022	Dec. 31, 2021
Mortgage Notes Payable, net		$ 93,933,234	$ 88,859,832
Mortgage Notes [Member]
Mortgage Notes Payable		94,650,709	89,422,132
Unamortized loan costs		(717,475)	(562,300)
Mortgage Notes [Member] | The 300 N.P [Member]
Mortgage Notes Payable	[1]	$ 0	2,232,923
Interest rate	[1],[2]	4.95%
Mortgage Notes [Member] | Dakota Center [Member]
Mortgage Notes Payable		$ 9,560,814	9,677,108
Interest rate	[2]	4.74%
Mortgage Notes [Member] | Research Parkway [Member]
Mortgage Notes Payable		$ 1,677,119	1,705,438
Interest rate	[2]	3.94%
Mortgage Notes [Member] | Arapahoe Center [Member]
Mortgage Notes Payable		$ 7,687,042	7,770,887
Interest rate	[2]	4.34%
Mortgage Notes [Member] | Union Town Center [Member]
Mortgage Notes Payable		$ 8,099,754	8,173,568
Interest rate	[2]	4.28%
Mortgage Notes [Member] | One Park Centre [Member]
Mortgage Notes Payable		$ 6,220,286	6,276,849
Interest rate	[2]	4.77%
Mortgage Notes [Member] | Genesis Plaza [Member]
Mortgage Notes Payable		$ 6,112,415	6,168,604
Interest rate	[2]	4.71%
Mortgage Notes [Member] | Shea Center II [Member]
Mortgage Notes Payable		$ 17,362,510	17,494,527
Interest rate	[2]	4.92%
Mortgage Notes [Member] | West Fargo Industrial [Member]
Mortgage Notes Payable	[3]	$ 4,089,833	4,148,405
Interest rate	[2],[3]	3.27%
Mortgage Notes [Member] | Grand Pacific Center [Member]
Mortgage Notes Payable	[4],[5]	$ 3,558,614	3,619,695
Interest rate	[2],[4],[5]	4.02%
Mortgage Notes [Member] | Baltimore [Member]
Mortgage Notes Payable		$ 5,670,000	0
Interest rate	[2]	4.67%
Mortgage Notes [Member] | Mandolin [Member]
Mortgage Notes Payable		$ 3,665,201	0
Interest rate	[2]	4.35%
Mortgage Notes [Member] | Subtotal, Presidio Property Trust, Inc. Properties [Member]
Mortgage Notes Payable		$ 73,703,588	67,268,004
Mortgage Notes [Member] | Model Home [Member]
Mortgage Notes Payable	[5],[6]	$ 20,947,121	$ 22,154,128
[1]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. The Company paid this note in full on May 11, 2022 with available cash on hand.[2]Interest rates as of June 30, 2022.[3]Interest rate is subject to possible reset on August 5, 2023.[4]Interest rate is subject to possible reset on September 1, 2023.[5]Property held for sale as of June 30, 2022. There were five model homes included as real estate assets held for sale.[6]Our model homes have stand-alone mortgage note at interest rates ranging from 2.50% to 5.18% per annum as of June 30, 2022.

Note 7 - Mortgage Notes Payab_5

Note 7 - Mortgage Notes Payable - Scheduled Principal Payments of Mortgage Notes Payable (Details)	Jun. 30, 2022 USD ($)
2022	$ 3,949,040
2023	9,239,243
2024	20,383,697
2025	28,852,888
2026	16,719,849
Thereafter	15,505,992
Total	94,650,709
Presidio Property Trust, Inc Notes Payable [Member]
2022	704,494
2023	1,470,877
2024	10,449,488
2025	28,852,888
2026	16,719,849
Thereafter	15,505,992
Total	73,703,588
Model Home Properies Notes Payable [Member]
2022	3,244,546
2023	7,768,366
2024	9,934,209
2025	0
2026	0
Thereafter	0
Total	$ 20,947,121

Note 8 - Notes Payable (Details

Note 8 - Notes Payable (Details Textual) - USD ($)			1 Months Ended
	Aug. 17, 2020	Apr. 22, 2020	Apr. 30, 2022	Mar. 31, 2022	Dec. 20, 2021	Sep. 03, 2021	Aug. 17, 2021
Refinanced NetREIT Promissory Notes [Member]
Proceeds from Short-Term Debt, Total			$ 3,700,000
Refinanced PPT Baltimore Promissory Note [Member]
Proceeds from Short-Term Debt, Total				$ 5,670,000
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%
Repayments of Short-Term Debt, Total			$ 1,560,000
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%
Repayments of Short-Term Debt, Total				$ 5,650,000
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						$ 1,100,000
Debt Instrument, Interest Rate, Stated Percentage						3%
Economic Injury Disaster Loan [Member]
Proceeds from Issuance of Unsecured Debt	$ 150,000	$ 10,000

Note 9 - Commitments and Cont_2

Note 9 - Commitments and Contingencies (Details Textual)	Feb. 07, 2022 USD ($) $ / shares shares	Jan. 07, 2022 USD ($) $ / shares shares	Feb. 08, 2022 USD ($)	Jan. 23, 2012 $ / shares
Shares Issued, Price Per Share (in dollars per share) | $ / shares				$ 19
Minimum [Member]
Business Combination, Estimated Aggregate Combined Enterprise Value			$ 300,000,000
Maximum [Member]
Business Combination, Estimated Aggregate Combined Enterprise Value			$ 1,200,000,000
SPAC, Initial Public Offering [Member]
SPAC Maximum Acquisition Capital		$ 1,322,500
Shares Issued, Price Per Share (in dollars per share) | $ / shares		$ 0.10
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent		23.50%
Units Issued During Period, Units, New Issues (in shares) | shares	132,250,000
SPAC Units, Composition, Number of Shares Per Unit (in shares) | shares		1
SPAC Units, Composition, Number of Redeemable Warrants (in shares) | shares		0.75
Stock Issued During Period, Shares, New Issues (in shares) | shares	13,225,000
Proceeds from Issuance of Common Stock	$ 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
Stock Issuance Costs	7,738,161
Underwriting Discounts and Commission	2,645,000
Deferred Underwriting Fees	4,628,750
Other Equity Offering Costs	$ 464,411
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [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

Note 10 - Stockholders' Equit_2

Note 10 - Stockholders' Equity (Details Textual)						1 Months Ended		3 Months Ended			6 Months Ended		125 Months Ended
	Jul. 12, 2021 $ / shares shares	Jun. 17, 2021 USD ($) shares	Jun. 17, 2021 USD ($) shares	Jun. 15, 2021 USD ($) $ / shares shares	Jan. 23, 2012 USD ($) $ / shares shares	Dec. 31, 2021 USD ($) $ / shares shares	Sep. 30, 2021 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares shares	Mar. 31, 2022 shares	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) $ / shares shares	Jun. 30, 2021 USD ($) $ / shares	Jun. 30, 2022 USD ($) $ / shares shares	Jan. 24, 2022 $ / shares	Jan. 21, 2022 $ / shares	Sep. 17, 2021 USD ($)	Aug. 31, 2021 $ / shares shares
Preferred Stock, Shares Authorized (in shares)								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 | $											$ 0	$ 20,489,803
Maximum Individual Common Stock Ownership, Percentage								9.80%			9.80%		9.80%
Number of Limited Partnerships in which Company is Sole General Partner											5
Registered Shares of Common Stock Pursuant to Dividend Reinvestment Plan (in shares)					3,000,000
Common Stock, Percentage of Purchase Price Per Share					95%
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 | $													$ 17,400,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares)													917,074
Commercial Property [Member] | Partially Owned Properties [Member]
Number of Real Estate Properties								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																$ 5.50
Warrants and Rights Outstanding, Term (Year)	5 years																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%
Common Stock Warrants and Placement Agent Warrants [Member]
Class of Warrant or Right, Exercised During Period (in shares)							0				0
Series A Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares								$ 7			$ 7		$ 7	$ 0.17	$ 7
Warrants and Rights Outstanding, Term (Year)															5 years
Series D Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)						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
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
Preferred Stock, Percentage of Outstanding Shares Required to Authorize Senior Ranking Stock								66.67%			66.67%		66.67%
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares								$ 25			$ 25		$ 25
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares											$ 1.17186	$ 0.10417
Payments of Dividends, Total | $								$ 500,000			$ 1,100,000
Series D Preferred Stock [Member] | Monthly Dividends [Member]
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares											$ 0.19531
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
Payments of Dividends, Total | $								$ 1,300,000		$ 1,000,000	$ 2,600,000	$ 2,000,000
Common Stock, Shares Authorized (in shares)						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
Common Stock, Shares, Issued, Total (in shares)						11,599,720		11,793,757			11,793,757		11,793,757
Stock Repurchase Program, Authorized Amount | $																$ 10,000,000
Stock Repurchased During Period, Shares (in shares)						11,588	18,133	10,411	0
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares						$ 3.6097	$ 3.73692	$ 2.9698
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares						$ 0.035	$ 0.035
Stock Repurchased During Period, Value | $						$ 42,235	$ 68,396	$ 30,919
Common Class B [Member]
Common Stock, Shares Authorized (in shares)								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
Common Stock, Shares, Issued, Total (in shares)								0			0		0
Common Stock, Number of Entitled Votes								1			1		1

Note 10 - Stockholders' Equit_3

Note 10 - Stockholders' Equity - Dividends Declared (Details) - $ / shares	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Common Class A [Member]
Cash Dividend Declared (in dollars per share)	$ 0.106	$ 0.105	$ 0.102	$ 0.101	$ 0.211	$ 0.203
Series D Preferred Stock [Member]
Distributions Declared (in dollars per share)					1.17186	0.10417
Series D Preferred Stock [Member] | Dividends Declared, January [Member]
Distributions Declared (in dollars per share)					0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, February [Member]
Distributions Declared (in dollars per share)					0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, March [Member]
Distributions Declared (in dollars per share)					0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, April [Member]
Distributions Declared (in dollars per share)					0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, May [Member]
Distributions Declared (in dollars per share)					0.19531	0
Series D Preferred Stock [Member] | Dividends Declared, June [Member]
Distributions Declared (in dollars per share)					$ 0.19531	$ 0.10417

Note 11 - Share-based Incenti_3

Note 11 - Share-based Incentive Plan (Details Textual) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	May 26, 2022	Dec. 31, 2017	Jan. 23, 2012	Dec. 31, 2006
Shares Issued, Price Per Share (in dollars per share)					$ 19
Share-Based Payment Arrangement, Expense	$ 0.6	$ 0.6
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total	$ 2.6
The 2017 Incentive Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)			2.5	1.1
Restricted Stock [Member]
Shares Issued, Price Per Share (in dollars per share)						$ 20
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]	6 Months Ended
	Jun. 30, 2022 shares
Balance (in shares)	295,471
Granted (in shares)	389,823
Forfeited (in shares)	(11,780)
Vested (in shares)	(95,947)
Balance (in shares)	577,567

Note 12 - Segments (Details Tex

Note 12 - Segments (Details Textual)	6 Months Ended
	Jun. 30, 2022
Number of Reportable Segments	3

Note 12 - Segments - Operating

Note 12 - Segments - Operating Income by Segment (Details) - USD ($)	3 Months Ended				6 Months Ended
	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2021	Mar. 31, 2021	Jun. 30, 2022	Jun. 30, 2021
Rental, fees and other income	$ 4,320,860		$ 4,846,583		$ 8,894,001	$ 10,515,337
Property and related expenses	(1,348,083)		(1,485,815)		(2,931,556)	(3,324,738)
General and administrative expenses	(1,214,005)		(1,344,770)		(2,797,696)	(2,882,036)
Depreciation and amortization	(1,316,193)		(1,368,209)		(2,655,418)	(2,797,143)
Interest expense	(1,085,860)		(1,207,036)		(2,103,573)	(2,791,430)
Gain on extinguishment of government debt	0		0		0	10,000
Other income (expense), net	93,128		(20,657)		166,733	(53,443)
Income tax expense	(259,285)		(238,701)		(524,524)	(288,899)
Gain (loss) on sale of real estate	1,227,484		2,594,341		2,750,269	1,433,014
Net income (loss)	418,046	$ 380,190	1,775,736	$ (2,255,074)	798,236	(479,338)
Operating Segments [Member]
Net operating income, as defined	2,972,777		3,360,768		5,962,445	6,890,599
Office/Industrial Properties [Member] | Operating Segments [Member]
Rental, fees and other income	3,150,251		3,317,847		6,273,139	7,260,652
Property and related expenses	(1,174,391)		(1,262,483)		(2,530,925)	(3,116,754)
Net operating income, as defined	1,975,860		2,055,364		3,742,214	4,143,898
Model Home Properties [Member] | Operating Segments [Member]
Rental, fees and other income	696,964		845,412		1,407,292	1,789,190
Property and related expenses	(25,440)		(30,215)		(53,208)	(80,501)
Net operating income, as defined	671,524		815,197		1,354,084	1,708,689
Retail Properties [Member] | Operating Segments [Member]
Rental, fees and other income	471,344		683,324		1,224,685	1,465,495
Property and related expenses	(145,951)		(193,117)		(358,538)	(427,483)
Net operating income, as defined	$ 325,393		$ 490,207		$ 866,147	$ 1,038,012

Note 12 - Segments - Assets by

Note 12 - Segments - Assets by Reportable Segment (Details) - USD ($)		Jun. 30, 2022	Dec. 31, 2021
Total assets		$ 289,096,123	$ 161,196,763
Cash, cash equivalents and restricted cash		21,066,945	14,702,089
Other assets, net		3,876,429	4,658,504
Operating Segments [Member]
Total assets		126,461,991	135,080,107
Segment Reconciling Items [Member]
Total assets		289,096,123	161,196,763
Cash, cash equivalents and restricted cash		12,154,873	6,738,345
Other assets, net		150,479,259	19,378,311
Office/Industrial Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	77,224,583	78,240,086
Total assets	[2]	78,900,054	76,453,436
Model Home Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	32,009,456	34,089,046
Total assets	[2]	30,652,005	31,047,202
Retail Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	16,227,501	25,693,239
Total assets	[2]	$ 16,909,932	$ 27,579,469
[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 ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Capital expenditures and tenant improvements	$ 832,990	$ 332,508
Acquisition of operating properties	4,646,330	2,851,800
Total real estate investments	5,479,320	3,184,308
Office/Industrial Properties [Member]
Capital expenditures and tenant improvements	832,990	289,685
Acquisition of operating properties	4,646,330	2,851,800
Model Home [Member]
Acquisition of operating properties	0	0
Retail Properties [Member]
Capital expenditures and tenant improvements	0	42,823
Acquisition of operating properties	$ 4,646,330	$ 2,851,800