Presidio Property Trust (SQFT) 10-Q 14 Aug 23 2023 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2023	Aug. 14, 2023
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	2023
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2023
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		13,151,964
Series A Common Stock Purchase Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock Purchase Warrants to
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 Preferred 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, 2023	Dec. 31, 2022
ASSETS
Land	$ 20,803,978	$ 19,189,386
Buildings and improvements	135,185,098	125,979,374
Tenant improvements	14,426,125	13,861,839
Lease intangibles	4,110,139	4,110,139
Real estate assets and lease intangibles held for investment, cost	174,525,340	163,140,738
Accumulated depreciation and amortization	(36,841,025)	(34,644,511)
Real estate assets and lease intangibles held for investment, net	137,684,315	128,496,227
Real estate assets held for sale, net	1,196,336	2,016,003
Real estate assets, net	138,880,651	130,512,230
Other assets:
Cash, cash equivalents and restricted cash	8,700,791	16,516,725
Deferred leasing costs, net	1,546,034	1,516,835
Goodwill	2,423,000	2,423,000
Other assets, net (see Note 6)	4,161,325	3,511,681
Total other assets	16,831,150	23,968,241
Investments held in Trust (see Notes 2 & 9)	23,339,887	136,871,183
TOTAL ASSETS	179,051,688	291,351,654
Liabilities:
Mortgage notes payable, net	102,856,817	95,899,176
Mortgage notes payable related to properties held for sale, net	482,142	999,523
Mortgage notes payable, total net	103,338,959	96,898,699
Accounts payable and accrued liabilities	4,373,983	4,028,564
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	6,655,685	5,046,725
Accrued real estate taxes	977,658	1,879,875
Dividends payable preferred stock	177,145	178,511
Lease liability, net	31,799	46,833
Below-market leases, net	15,753	18,240
Total liabilities	115,570,982	108,097,447
Commitments and contingencies (Note 2 & 9):
Equity:
Additional paid-in capital	180,365,055	182,044,157
Dividends and accumulated losses	(142,294,778)	(138,341,750)
Total stockholders' equity before noncontrolling interest	38,197,788	43,829,626
Noncontrolling interest	8,534,069	9,013,446
Total equity	46,731,857	52,843,072
TOTAL LIABILITIES AND EQUITY	179,051,688	291,351,654
Common Class A [Member]
Equity:
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,849,710 shares and 11,807,893 shares were issued and outstanding at June 30, 2023 and December 31, 2022, respectively	118,497	118,079
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Liabilities:
SPAC Class A common stock subject to possible redemption; 2,187,728 as of June 30, 2023 and 13,225,000 shares as of December 31, 2022 (at $10.45 per share), net of issuance cost of approximately $6,400,000	16,748,849	130,411,135
Series D Preferred Stock [Member]
Equity:
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 901,375 shares issued and outstanding (liquidation preference $25.00 per share) as of June 30, 2023 and 913,987 shares issued and outstanding as of December 31, 2022	$ 9,014	$ 9,140

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
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)	11,849,710	11,807,893
Common stock, shares outstanding (in shares)	11,849,710	11,807,893
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Temporary equity shares outstanding (in shares)	2,187,728	13,225,000
Temporary equity per share (in dollars per share)	$ 10.45	$ 10.45
Temporary equity issuance cost	$ 6,400,000	$ 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)	901,375	913,987
Preferred stock, shares outstanding (in shares)	901,375	913,987
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudted) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Rental income	$ 4,329,588	$ 4,188,076	$ 8,271,641	$ 8,640,394
Fees and other income	214,284	132,784	393,723	253,607
Total revenue	4,543,872	4,320,860	8,665,364	8,894,001
Costs and expenses:
Rental operating costs	1,399,159	1,348,083	2,974,149	2,931,556
General and administrative	1,813,184	1,214,005	3,777,804	2,797,696
Depreciation and amortization	1,368,829	1,316,193	2,702,403	2,655,418
Total costs and expenses	4,581,172	3,878,281	9,454,356	8,384,670
Other income (expense):
Interest and other income, net	398,085	93,128	1,140,201	166,733
Gain on sales of real estate, net	1,119,952	1,227,484	1,537,289	2,750,269
Income tax expense	(349,074)	(259,285)	(497,527)	(524,524)
Total other income (expense), net	(167,452)	(24,533)	(24,219)	288,905
Net income (loss)	(204,752)	418,046	(813,211)	798,236
Less: Income attributable to noncontrolling interests	(1,094,852)	(709,202)	(1,481,933)	(1,917,878)
Net loss attributable to Presidio Property Trust, Inc. stockholders	(1,299,604)	(291,156)	(2,295,144)	(1,119,642)
Less: Preferred Stock Series D dividends	(532,285)	(539,056)	(1,067,733)	(1,078,111)
Less: Series A Warrant dividend	0	0	0	(2,456,512)
Net loss attributable to Presidio Property Trust, Inc. common stockholders	$ (1,831,889)	$ (830,212)	$ (3,362,877)	$ (4,654,265)
Net loss per share attributable to Presidio Property Trust, Inc. common stockholders:
Basic & Diluted (in dollars per share)	$ (0.15)	$ (0.07)	$ (0.28)	$ (0.39)
Weighted average number of common shares outstanding - basic & diluted (in shares)	11,839,359	11,799,689	11,837,020	11,786,741
Mortgage Notes [Member]
Other income (expense):
Interest expense	$ (1,336,415)	$ (1,085,860)	$ (2,204,182)	$ (2,103,573)

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, 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 (loss) income															0	0	0	(828,486)	(828,486)	1,208,676	380,190
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)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(258,410)	(258,410)
Vesting of restricted stock (in shares)															0	196,250
Vesting of restricted stock															$ 0	$ 1,963	762,423	0	764,386	0	764,386
Remeasurement of SPAC common stock subject to possible redemption upon IPO, Public Warrants and Private Placement Units, net of offering costs															$ 0	$ 0	(4,023,113)	0	(4,023,113)	0	(4,023,113)
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 (loss) income																					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 (loss) income															0	0	0	(291,156)	(291,156)	709,202	418,046
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)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(2,355,942)	(2,355,942)
Repurchase of Stock, at cost (in shares)															0	(10,411)
Repurchase of Stock, at cost															$ 0	$ (104)	(30,625)	0	(30,729)	0	(30,729)
Vesting of restricted stock (in shares)															0	8,198
Vesting of restricted stock															$ 0	$ 82	27,955	0	28,037	0	28,037
Remeasurement of SPAC common stock subject to possible redemption upon IPO, Public Warrants and Private Placement Units, net of offering costs															$ 0	$ 0	(101,767)	0	(101,767)	0	(101,767)
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 Dec. 31, 2022															913,987	11,807,893
Balance at Dec. 31, 2022															$ 9,140	$ 118,079	182,044,157	(138,341,750)	43,829,626	9,013,446	52,843,072
Net (loss) income															0	0	0	(995,540)	(995,540)	387,081	(608,459)
Dividends paid to Series A common stockholders	$ 0	$ 0	$ 0	$ (287,655)	$ (287,655)	$ 0	$ (287,655)
Dividends to Series D preferred stockholders								$ 0	$ 0	0	(535,448)	(535,448)	0	(535,448)
Distributions in excess of contributions received															0	0	0	0	0	(518,642)	(518,642)
Remeasurement of SPAC shares to redemption value															0	0	(158,900)	0	(158,900)	0	(158,900)
Accrued excise tax on SPAC redemptions															$ 0	$ 0	(1,140,683)	0	(1,140,683)	0	(1,140,683)
Repurchase of Stock, at cost (in shares)								(386)	0
Repurchase of Stock, at cost								$ (4)	$ 0	$ (6,943)	$ 0	$ (6,947)	$ 0	$ (6,947)
Vesting of Common Stock (in shares)															0	27,371
Vesting of Common Stock															$ 0	$ 274	28,466	0	28,740	0	28,740
Balance (in shares) at Mar. 31, 2023															913,601	11,835,264
Balance at Mar. 31, 2023															$ 9,136	$ 118,353	180,766,097	(140,160,393)	40,733,193	8,881,885	49,615,078
Balance (in shares) at Dec. 31, 2022															913,987	11,807,893
Balance at Dec. 31, 2022															$ 9,140	$ 118,079	182,044,157	(138,341,750)	43,829,626	9,013,446	52,843,072
Net (loss) income																					(813,211)
Balance (in shares) at Jun. 30, 2023															901,375	11,849,710
Balance at Jun. 30, 2023															$ 9,014	$ 118,497	180,365,055	(142,294,778)	38,197,788	8,534,069	46,731,857
Balance (in shares) at Mar. 31, 2023															913,601	11,835,264
Balance at Mar. 31, 2023															$ 9,136	$ 118,353	180,766,097	(140,160,393)	40,733,193	8,881,885	49,615,078
Net (loss) income															0	0	0	(1,299,604)	(1,299,604)	1,094,852	(204,752)
Dividends paid to Series A common stockholders															0	0	0	(302,496)	(302,496)	0	(302,496)
Dividends to Series D preferred stockholders															0	0	0	(532,285)	(532,285)	0	(532,285)
Distributions in excess of contributions received															0	0	0	0	0	(1,442,668)	(1,442,668)
Remeasurement of SPAC shares to redemption value															$ 0	$ 0	(247,094)	0	(247,094)	0	(247,094)
Repurchase of Stock, at cost (in shares)															(12,226)	0
Repurchase of Stock, at cost															$ (122)	$ 0	(204,803)	0	(204,925)	0	(204,925)
Vesting of Common Stock (in shares)															0	14,446
Vesting of Common Stock															$ 0	$ 144	50,855	0	50,999	0	50,999
Balance (in shares) at Jun. 30, 2023															901,375	11,849,710
Balance at Jun. 30, 2023															$ 9,014	$ 118,497	$ 180,365,055	$ (142,294,778)	$ 38,197,788	$ 8,534,069	$ 46,731,857

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net (loss) income	$ (813,211)	$ 798,236
Adjustments to reconcile net (loss) income to net cash used in operating activities:
Depreciation and amortization	2,702,403	2,655,418
Stock compensation	540,501	568,701
Bad debt expense	32,729	13,416
Gain on sale of real estate assets, net	(1,537,289)	(2,750,269)
Net change in fair value marketable securities	(190,327)	358,658
Net change in fair value SPAC Trust Account	(939,522)	(201,767)
Amortization of financing costs	187,303	125,850
Amortization of below-market leases	(2,487)	(27,445)
Straight-line rent adjustment	(240,007)	(46,305)
Changes in operating assets and liabilities:
Other assets	(399,159)	317,942
Accounts payable and accrued liabilities	239,297	(1,423,341)
Accounts payable and accrued liabilities for the SPAC	(281,723)	138,645
Accrued real estate taxes	(902,217)	(987,636)
Net cash used in operating activities	(1,603,709)	(459,897)
Cash flows from investing activities:
Real estate acquisitions	(12,932,128)	(4,646,330)
Additions to buildings and tenant improvements	(1,001,836)	(832,990)
Investment in marketable securities	(1,826,458)	(661,247)
Proceeds from sale of marketable securities	1,951,095	1,111,608
Investment of SPAC IPO proceeds into Trust Account	(389,942)	(134,895,000)
Withdrawals from Trust Account for SPAC taxes	792,480	0
Withdrawals from Trust Account for Redemption of SPAC Shares	114,068,280	0
Deletions / (additions) to deferred leasing costs	3,872	(35,864)
Proceeds from sales of real estate, net	4,590,187	18,839,913
Net cash provided by (used in) investing activities	105,255,550	(121,119,910)
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs	12,848,849	12,590,235
Repayment of mortgage notes payable	(6,417,278)	(7,361,659)
Payment of deferred offering costs	0	(3,201,266)
Distributions to noncontrolling interests, net	(1,961,310)	(2,614,352)
Proceeds from initial public offering of SPAC	0	132,250,000
Redemption of SPAC shares	(114,068,280)	0
Repurchase of Series A Common Stock, at cost	0	(30,729)
Dividends paid to Series D Preferred Stockholders	(1,067,733)	(1,078,112)
Dividends paid to Series A Common Stockholders	(590,151)	(2,609,454)
Net cash (used in) provided by financing activities	(111,467,775)	127,944,663
Net (decrease) increase in cash equivalents and restricted cash	(7,815,934)	6,364,856
Cash, cash equivalents and restricted cash - beginning of period	16,516,725	14,702,089
Cash, cash equivalents and restricted cash - end of period	8,700,791	21,066,945
Non-cash financing activities:
Deferred offering cost SPAC, underwriting commission payable	0	4,628,750
Accrued excise tax on January 24, 2023 SPAC redemptions	1,140,683	0
Dividends payable - Preferred Stock Series D	177,145	179,685
Mortgage Notes [Member]
Supplemental disclosure of cash flow information:
Interest paid	2,351,642	1,971,942
Series D Preferred Stock [Member]
Cash flows from financing activities:
Repurchase of Series D Preferred Stock, at cost	$ (211,872)	$ 0

Note 1 - Organization

Note 1 - Organization	6 Months Ended
	Jun. 30, 2023
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, 2023 • 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 1986, 90% not We, together with one no 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 2023, , 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. 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, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. There have been no 10 December 31, 2022 December 31, 2022 10 March 28, 2023. Basis of Presentation. 10 8 X. June 30, 2023 December 31, 2022 three six June 30, 2023 2022 not may December 31, 2023 10 December 31, 2022 December 31, 2022 10 March 28, 2023. three six June 30, 2023 not December 31, 2023 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 64.99% equity ownership stake, the overlap of three 2, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolid ated net (loss) income in 2023 2022 February 2010. not Use of Estimates 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 enant’s credit quality, and other factors. 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 $1,200 and $2,500 for the three six June 30, 2023 . Amortization of above and below-market rents resulted in a net increase in rental income of approximately $13,700 and $27,400 for the three six June 30, 2022 . 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 fro m less than a year to ten third $4,400 and $8,800 for the three six June 30, 2023 . Amortization expenses related to these assets was approximately $50,000 and $102,000 for the three six June 30, 2022 . Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five party leasing commissions. Management re-evaluates the remaining useful lives of leasing costs as the creditworthiness of the tenants and economic an d market conditions change. If management determines the estimated remaining life of the respective lease has changed, the amortization period is adjusted. At June 30, 2023 and December 31, 2022 , the Company had net deferred leasing costs of approxima tely $1.5 million and $1.5 million, respectively. Total amortization expense for the three six June 30, 2023 , was approximately and $228,000. Total amortization expense for the three six June 30, 2022 , was approximately Cash Equivalents and Restricted Cash. June 30, 2023 December 31, 2022 proximately and in cash, cash equivalents and restricted cash, respectively, of which approximately and represented restricted cash, respectively. The Company considers all short-term, highly liquid investments that are both readily convertible to cash and have an original maturity of three may $250,000 No June 30, 2023 and December 31, 2022 , the Company had approximately and , respectively, in deposits in financial institutions that exceeded the federally insurab $1.8 June 30, 2023 readily be convertible to cash and is treated as cash equivalents on the balance sheet. Real Estate Held for Sale and Discontinued Operations. one is classified as “real estate held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Mortgage notes payable related to the real estate sold during the current period are classified as “notes payable related to real estate held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Additionally, we record the operating results related to real estate that has been disposed of as discontinued operations for all periods presented if the operations have been eliminated and represent a strategic shift and we will not June 30, 2023 , no model homes were classified as held for sale. Deferred Offering Costs. Deferred offering costs represent legal, accounting and other direct costs related to our offerings. As of June 30, 2023 and December 31, 2022 , we have not the end of each period. Impairments of Real Estate Assets. We regularly review for impairment on a property-by-property basis. Impairment is recognized on a property held for use when the expected undiscounted cash flows for a property are les 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, 2023 December 31, 2022 sented on the consolidated balance sheets within other assets were measured at fair value using Level 1 and , respectively, with a cost basis of approximately and , respectively. Additionally, the funds held in the Trust Account for the SPAC Class A common stockholders includes a money market portfolio that is comprised of U.S. Treasury securities, considered cash equivalent, which were measured at fair value using Level 1 June 30, 2023 and December 31, 2022 , respectively. There were no June 30, 2023 and December 31, 2022 . 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, 2023 2022 2023 2022 Common Stock Warrants 2,000,000 2,000,000 2,000,000 2,000,000 Placement Agent Warrants 80,000 80,000 80,000 80,000 Series A Warrants 14,450,069 14,450,069 14,450,069 14,450,069 Unvested Common Stock Grants 1,302,254 577,567 1,302,254 577,567 Total potentially dilutive shares 17,832,323 17,107,636 17,832,323 17,107,636 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 a 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 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 the SPAC's liquidation, if there is a stockholder vote or tender offer in connection with the SPAC's initial business combination and in connection with certain amendments to the SPAC's 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, 2023 June 30, 2023 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. We have elected to recognize the accretion resulting from changes in redemption value immediately during the three March 31, 2022, 9 Excise Tax . 2022, June 30, 2023 not e prior to December 31, 2023, not Warrant Instruments SPAC. Murphy Canyon accounts for warrants in accordance with the guidance contained in ASC 480 815, 815 40 840 no not no See Note 9 Subsequent Events. We evaluate subsequen t 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

Note 3 - Recent Real Estate Tra

Note 3 - Recent Real Estate Transactions	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Acquisitions during the six June 30, 2023 : • The Company acquired 23 model homes for approximately $12.9 million. The purchase price was paid through cash payments of approximately $3.9 million and mortgage notes of approximately $9.0 million. Acquisitions during the six June 30, 2022 • Th e Company acquired model homes for approximately . These acquisitions were paid for with approximately in cash payments and approximately in mortgage loans. Dispositions during the six June 30, 2023 : • The Company sold 10 model homes for approximately $5.0 million and recognized a gain of approximately $1.5 million. Dispositions during the six June 30, 2022 • The Company sold World Plaza, on March 11, 2022, • The Company sold 18 model homes for approximately $10.0 million and recognized a gain of approximately $3.0 million.

Note 4 - Real Estate Assets

Note 4 - Real Estate Assets	6 Months Ended
	Jun. 30, 2023
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 four one one one five June 30, 2023 • Eight office buildings and one industrial property (“Office/Industrial Properties”) which total approximately 756,823 rentable square feet; • Three retail shopping centers (“Retail Properties”) which total approximately 65,242 rentable square feet; and • 105 model home residential properties (“Model Homes” or “Model Home Properties”), totaling approximately 319,236 square feet, leased back on a triple-net basis to homebuilders, that are owned by five one A summary of the properties owned by the Company as of June 30, 2023 December 31, 2022 Date Real estate assets, net (in thousands) Property Name Acquired Location June 30, 2023 December 31, 2022 Genesis Plaza (1) August 2010 San Diego, CA $ 7,733,468 $ 7,995,980 Dakota Center May 2011 Fargo, ND 8,765,789 8,569,537 Grand Pacific Center March 2014 Bismarck, ND 5,336,520 5,228,006 Arapahoe Center December 2014 Centennial, CO 8,588,221 8,664,604 Union Town Center December 2014 Colorado Springs, CO 9,007,880 9,039,039 West Fargo Industrial August 2015 Fargo, ND 6,781,836 6,893,292 300 N.P. August 2015 Fargo, ND 2,835,104 2,899,694 Research Parkway August 2015 Colorado Springs, CO 2,289,133 2,319,588 One Park Center August 2015 Westminster, CO 7,785,463 7,991,809 Shea Center II December 2015 Highlands Ranch, CO 19,172,919 19,501,998 Mandolin (2) August 2021 Houston, TX 4,738,129 4,783,985 Baltimore December 2021 Baltimore, MD 8,578,520 8,690,874 Presidio Property Trust, Inc. properties 91,612,982 92,578,406 Model Home properties (3) 2017 2023 AZ, FL, IL, TX, WI 47,267,669 37,933,824 Total real estate assets and lease intangibles, net $ 138,880,651 $ 130,512,230 ( 1 Genesis Plaza is owned by two ( 2 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. ( 3 Includes Model Homes listed as held for sale as of June 30, 2023 . and December 31, 2022 , respectively.

Note 5 - Lease Intangibles

Note 5 - Lease Intangibles	6 Months Ended
	Jun. 30, 2023
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, 2023 December 31, 2022 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,490,125 ) $ 25,139 $ 2,515,264 $ (2,485,234 ) $ 30,030 Leasing costs 1,261,390 (1,240,463 ) 20,927 1,261,390 (1,236,591 ) 24,799 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (4,064,073 ) $ 46,066 $ 4,110,139 $ (4,055,310 ) $ 54,829 At June 30, 2023 December 31, 2022 The net value of acquired intangible liabilities was approximately $15,753 and $18,240 relating to below-market leases at June 30, 2023 December 31, 2022 Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows: 2023 $ 8,763 2024 17,526 2025 15,670 2026 4,107 Total $ 46,066

Note 6 - Other Assets

Note 6 - Other Assets	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Other Assets Disclosure [Text Block]	6. Other assets consist of the following: June 30, December 31, 2023 2022 Deferred rent receivable $ 1,881,839 $ 1,641,831 Investment in marketable securities 759,600 797,749 Prepaid expenses, deposits and other 725,096 619,621 Notes receivable 316,374 316,374 Accounts receivable, net 447,490 67,780 Right-of-use assets, net 30,926 45,843 Other intangibles, net - 22,483 Total other assets $ 4,161,325 $ 3,511,681 Periodically, the Company may third not 815 not may no may As of June 30, 2023 two June 30, 2023 June 30, 2023 s. As of December 31, 2022 , we owned common shares of different publicly traded REITs and an immaterial amount of covered call options in three of those same REITs. The gross fair market value on our publicly traded REIT securities was , with covered call options totaling . As of December 31, 2022 , the net fair value of our publicly traded REIT securities was based on the December 31, 2022 closing prices.

Note 7 - Mortgage Notes Payable

Note 7 - Mortgage Notes Payable	6 Months Ended
	Jun. 30, 2023
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 2023 2022 Type Rate (1) Maturity Dakota Center 9,321,018 9,442,976 Fixed 4.74 % 7/6/2024 Research Parkway 1,618,782 1,648,237 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,514,694 7,602,273 Fixed 4.34 % 1/5/2025 Union Town Center 7,948,249 8,025,300 Fixed 4.28 % 1/5/2025 One Park Centre 6,103,844 6,163,177 Fixed 4.77 % 9/5/2025 Genesis Plaza 5,996,779 6,055,682 Fixed 4.71 % 9/6/2025 Shea Center II 17,090,897 17,229,573 Fixed 4.92 % 1/5/2026 West Fargo Industrial (2) 3,969,781 4,030,297 Fixed 3.27 % 8/5/2029 Grand Pacific Center (3) 3,816,980 3,496,330 Fixed 6.35 % 5/5/2033 Baltimore 5,670,000 5,670,000 Fixed 4.67 % 4/6/2032 Mandolin 3,604,414 3,635,362 Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 72,655,438 $ 72,999,207 Model Home mortgage notes (4) 31,527,788 24,752,448 Fixed 2023 2028 Mortgage Notes Payable $ 104,183,226 $ 97,751,655 Unamortized loan costs (844,267 ) (852,956 ) Mortgage Notes Payable, net $ 103,338,959 $ 96,898,699 ( 1 Interest rates as of June 30, 2023 ( 2 Interest rate was reset on August 5, 2023, may, not sixty 60 August 5, 2023, August 5, 2026, three no ( 3 On May 5, 2023, first 60 first 60 ( 4 As of June 30, 2023 m 2.50% to 6.70% per annu June 30, 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, 2023 Presidio Property Model Trust, Inc. Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2023 $ 704,249 $ 3,097,313 $ 3,801,562 2024 10,399,349 12,538,361 22,937,710 2025 28,773,463 10,527,628 39,301,091 2026 16,651,236 150,639 16,801,875 2027 294,780 150,639 445,419 Thereafter 15,832,361 5,063,208 20,895,569 Total $ 72,655,438 $ 31,527,788 $ 104,183,226

Note 8 - Notes Payable

Note 8 - Notes Payable	6 Months Ended
	Jun. 30, 2023
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, six 202 204 six November 2022 August 2023. 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, 2023
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 im June 30, 2023 , approximately $3.7 million is estimated for such capital expenditures on existing properties, net of any construction financing, during the rest of the year. Litigation. may Environmental Matters. no not not not Financial Markets. may may not Sponsorship of Special Purpose Acquisition Company January 7, 2022, 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 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, 2023 . 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. On November 8, 2022, Initially, the SPAC was required to complete its initial business combination transaction by 12 18 January 26, 2023, 12 one February 7, 2023, February 7, 2024. one one third 1% February 2023. On January 27, 2023, one May 11, 2023 no 419 1933, May 31, 2023, February 7, 2024. The investments held in Trust for the SPAC Class A common stockholders generated approximately $939,522 of income during the six June 30, 2023 , and was included in interest and other income (expense), net on our consolidated statement of operations. During the six June 30, 2022 , the trust investment generated approximately $201,767 of income. Although the Trust held approximately $135.1 million as of June 30, 2022, first six first February 2022, not six June 30, 2022. June 30, 2023, As of June 30, 2023 may tive. This notes payable and notes receivable related to the SPAC, are eliminated through consolidation on our financial statements.

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Equity [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 2023 per share payable on the 15th six June 30, 2023 2022 , were approximately $0.5 million, in each period, respectively. 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, 2023 , none Stock Repurchase Program . On September 17, 2021, September 2022. September 15, 2022, December 31, 2022, six June 30, 2023, not Cash Dividends on Common Stock. For the three six June 30, 2023 , the Company declared and paid cash dividends of approximately and $0.6 million, respectively. For the three six June 30, 2022 , the Company declared and paid approximately and $2.6 million in cash dividends, respectively. The Company intends to continue to pay dividends to our common stockholders on a quarterly basis, and on a monthly basis to holders of our Series D Preferred Stock going forward, but there can be no six June 30, 2023 2022 . Series A Common Stock Quarter Ended 2023 2022 Distributions Declared Distributions Declared March 31 $ 0.022 $ 0.105 June 30 0.023 0.106 Total $ 0.045 $ 0.211 Series D Preferred Stock Month 2023 2022 Distributions Declared Distributions Declared January $ 0.19531 $ 0.19531 February 0.19531 0.19531 March 0.19531 0.19531 April 0.19531 0.19531 May 0.19531 0.19531 June 0.19531 0.19531 Total $ 1.17186 $ 1.17186 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, 2023 , 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, 2023
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 June 1, 2023, 2017 April 1st October 1st 15% 15% A summary of the activity for the Company’s restricted stock was as follows: Outstanding shares: Common Shares Balance at December 31, 2022 349,042 Granted 1,006,430 Forfeited (11,401 ) Vested (41,817 ) Balance at June 30, 2023 1,302,254 The non-vested restricted shares outstanding as of June 30, 2023 one five Share-based compensation expense was approximately $0.3 million and $0.3 million for the quarter ended June 30, 2023 June 30, 2022 six June 30, 2023 2022 As of June 30, 2023 , future unrecognized stock compensation related to unvested shares totaled approximately $2.4 million.

Note 12 - Segments

Note 12 - Segments	6 Months Ended
	Jun. 30, 2023
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, 2023 June 30, 2022 Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Office/Industrial Properties: Rental, fees and other income $ 3,020,066 $ 3,150,251 $ 5,882,064 $ 6,273,139 Property and related expenses (1,202,243 ) (1,174,391 ) (2,662,932 ) (2,530,925 ) Net operating income, as defined 1,817,823 1,975,860 3,219,132 3,742,214 Model Home Properties: Rental, fees and other income 1,022,041 696,964 1,877,161 1,407,292 Property and related expenses (46,801 ) (25,440 ) (77,797 ) (53,208 ) Net operating income, as defined 975,240 671,524 1,799,364 1,354,084 Retail Properties: Rental, fees and other income 480,001 471,344 938,868 1,224,685 Property and related expenses (128,351 ) (145,951 ) (266,149 ) (358,538 ) Net operating income, as defined 351,650 325,393 672,719 866,147 Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 3,144,713 2,972,777 5,691,215 5,962,445 General and administrative expenses (1,813,184 ) (1,214,005 ) (3,777,804 ) (2,797,696 ) Depreciation and amortization (1,368,829 ) (1,316,193 ) (2,702,403 ) (2,655,418 ) Interest expense (1,336,415 ) (1,085,860 ) (2,204,182 ) (2,103,573 ) Other income (expense), net 398,085 93,128 1,140,201 166,733 Income tax expense (349,074 ) (259,285 ) (497,527 ) (524,524 ) Gain on sale of real estate 1,119,952 1,227,484 1,537,289 2,750,269 Net income (loss) $ (204,752 ) $ 418,046 $ (813,211 ) $ 798,236 June 30, December 31, Assets by Reportable Segment: 2023 2022 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 75,552,573 $ 76,400,983 Total assets (2) $ 76,832,793 $ 79,057,998 Model Home Properties: Land, buildings and improvements, net (1) $ 47,267,669 $ 37,933,824 Total assets (2) $ 45,944,301 $ 35,274,545 Retail Properties: Land, buildings and improvements, net (1) $ 16,035,143 $ 16,142,613 Total assets (2) $ 16,698,766 $ 16,810,627 Reconciliation to Total Assets: Total assets for reportable segments $ 139,475,860 $ 131,143,170 Other unallocated assets: Cash, cash equivalents and restricted cash 2,570,236 8,570,121 Other assets, net 37,005,592 151,638,363 Total Assets $ 179,051,688 $ 291,351,654 ( 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 2023 2022 Office/Industrial Properties: Capital expenditures and tenant improvements $ 905,132 $ 832,990 Model Home Properties: Acquisition of operating properties 12,932,128 4,646,330 Retail Properties: Acquisition of operating properties — — Capital expenditures and tenant improvements 96,704 — Totals: Acquisition of operating properties, net 12,932,128 4,646,330 Capital expenditures and tenant improvements 1,001,836 832,990 Total real estate investments $ 13,933,964 $ 5,479,320

Note 13 - Subsequent Events

Note 13 - Subsequent Events	6 Months Ended
	Jun. 30, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	13. ENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the date the financial statements were issued. Based upon this review, except as disclosed below, the Company did not

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation. 10 8 X. June 30, 2023 December 31, 2022 three six June 30, 2023 2022 not may December 31, 2023 10 December 31, 2022 December 31, 2022 10 March 28, 2023. three six June 30, 2023 not December 31, 2023
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 64.99% equity ownership stake, the overlap of three 2, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolid ated net (loss) income in 2023 2022 February 2010. not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates
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 enant’s credit quality, and other factors. 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 $1,200 and $2,500 for the three six June 30, 2023 . Amortization of above and below-market rents resulted in a net increase in rental income of approximately $13,700 and $27,400 for the three six June 30, 2022 . 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 fro m less than a year to ten third $4,400 and $8,800 for the three six June 30, 2023 . Amortization expenses related to these assets was approximately $50,000 and $102,000 for the three six June 30, 2022 .
Deferred Leasing Costs [Policy Text Block]	Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five party leasing commissions. Management re-evaluates the remaining useful lives of leasing costs as the creditworthiness of the tenants and economic an d market conditions change. If management determines the estimated remaining life of the respective lease has changed, the amortization period is adjusted. At June 30, 2023 and December 31, 2022 , the Company had net deferred leasing costs of approxima tely $1.5 million and $1.5 million, respectively. Total amortization expense for the three six June 30, 2023 , was approximately and $228,000. Total amortization expense for the three six June 30, 2022 , was approximately
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash Equivalents and Restricted Cash. June 30, 2023 December 31, 2022 proximately and in cash, cash equivalents and restricted cash, respectively, of which approximately and represented restricted cash, respectively. The Company considers all short-term, highly liquid investments that are both readily convertible to cash and have an original maturity of three may $250,000 No June 30, 2023 and December 31, 2022 , the Company had approximately and , respectively, in deposits in financial institutions that exceeded the federally insurab $1.8 June 30, 2023 readily be convertible to cash and is treated as cash equivalents on the balance sheet.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale and Discontinued Operations. one is classified as “real estate held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Mortgage notes payable related to the real estate sold during the current period are classified as “notes payable related to real estate held for sale” for all prior periods presented in the accompanying condensed consolidated financial statements. Additionally, we record the operating results related to real estate that has been disposed of as discontinued operations for all periods presented if the operations have been eliminated and represent a strategic shift and we will not June 30, 2023 , no model homes were classified as held for sale.
Deferred Charges, Policy [Policy Text Block]	Deferred Offering Costs. Deferred offering costs represent legal, accounting and other direct costs related to our offerings. As of June 30, 2023 and December 31, 2022 , we have not the end of each period.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairments of Real Estate Assets. We regularly review for impairment on a property-by-property basis. Impairment is recognized on a property held for use when the expected undiscounted cash flows for a property are les 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, 2023 December 31, 2022 sented on the consolidated balance sheets within other assets were measured at fair value using Level 1 and , respectively, with a cost basis of approximately and , respectively. Additionally, the funds held in the Trust Account for the SPAC Class A common stockholders includes a money market portfolio that is comprised of U.S. Treasury securities, considered cash equivalent, which were measured at fair value using Level 1 June 30, 2023 and December 31, 2022 , respectively. There were no June 30, 2023 and December 31, 2022 .
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, 2023 2022 2023 2022 Common Stock Warrants 2,000,000 2,000,000 2,000,000 2,000,000 Placement Agent Warrants 80,000 80,000 80,000 80,000 Series A Warrants 14,450,069 14,450,069 14,450,069 14,450,069 Unvested Common Stock Grants 1,302,254 577,567 1,302,254 577,567 Total potentially dilutive shares 17,832,323 17,107,636 17,832,323 17,107,636
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 a 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 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 the SPAC's liquidation, if there is a stockholder vote or tender offer in connection with the SPAC's initial business combination and in connection with certain amendments to the SPAC's 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, 2023 June 30, 2023 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. We have elected to recognize the accretion resulting from changes in redemption value immediately during the three March 31, 2022, 9 Excise Tax . 2022, June 30, 2023 not e prior to December 31, 2023, not
Derivatives, Policy [Policy Text Block]	Warrant Instruments SPAC. Murphy Canyon accounts for warrants in accordance with the guidance contained in ASC 480 815, 815 40 840 no not no See Note 9
Subsequent Events, Policy [Policy Text Block]	Subsequent Events. We evaluate subsequen t 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

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2023
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, 2023 2022 2023 2022 Common Stock Warrants 2,000,000 2,000,000 2,000,000 2,000,000 Placement Agent Warrants 80,000 80,000 80,000 80,000 Series A Warrants 14,450,069 14,450,069 14,450,069 14,450,069 Unvested Common Stock Grants 1,302,254 577,567 1,302,254 577,567 Total potentially dilutive shares 17,832,323 17,107,636 17,832,323 17,107,636

Note 4 - Real Estate Assets (Ta

Note 4 - Real Estate Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Date Real estate assets, net (in thousands) Property Name Acquired Location June 30, 2023 December 31, 2022 Genesis Plaza (1) August 2010 San Diego, CA $ 7,733,468 $ 7,995,980 Dakota Center May 2011 Fargo, ND 8,765,789 8,569,537 Grand Pacific Center March 2014 Bismarck, ND 5,336,520 5,228,006 Arapahoe Center December 2014 Centennial, CO 8,588,221 8,664,604 Union Town Center December 2014 Colorado Springs, CO 9,007,880 9,039,039 West Fargo Industrial August 2015 Fargo, ND 6,781,836 6,893,292 300 N.P. August 2015 Fargo, ND 2,835,104 2,899,694 Research Parkway August 2015 Colorado Springs, CO 2,289,133 2,319,588 One Park Center August 2015 Westminster, CO 7,785,463 7,991,809 Shea Center II December 2015 Highlands Ranch, CO 19,172,919 19,501,998 Mandolin (2) August 2021 Houston, TX 4,738,129 4,783,985 Baltimore December 2021 Baltimore, MD 8,578,520 8,690,874 Presidio Property Trust, Inc. properties 91,612,982 92,578,406 Model Home properties (3) 2017 2023 AZ, FL, IL, TX, WI 47,267,669 37,933,824 Total real estate assets and lease intangibles, net $ 138,880,651 $ 130,512,230

Note 5 - Lease Intangibles (Tab

Note 5 - Lease Intangibles (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	June 30, 2023 December 31, 2022 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,490,125 ) $ 25,139 $ 2,515,264 $ (2,485,234 ) $ 30,030 Leasing costs 1,261,390 (1,240,463 ) 20,927 1,261,390 (1,236,591 ) 24,799 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (4,064,073 ) $ 46,066 $ 4,110,139 $ (4,055,310 ) $ 54,829
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2023 $ 8,763 2024 17,526 2025 15,670 2026 4,107 Total $ 46,066

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Other Assets [Table Text Block]	June 30, December 31, 2023 2022 Deferred rent receivable $ 1,881,839 $ 1,641,831 Investment in marketable securities 759,600 797,749 Prepaid expenses, deposits and other 725,096 619,621 Notes receivable 316,374 316,374 Accounts receivable, net 447,490 67,780 Right-of-use assets, net 30,926 45,843 Other intangibles, net - 22,483 Total other assets $ 4,161,325 $ 3,511,681

Note 7 - Mortgage Notes Payab_2

Note 7 - Mortgage Notes Payable (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Debt [Table Text Block]	Principal as of June 30, December 31, Loan Interest Mortgage note property 2023 2022 Type Rate (1) Maturity Dakota Center 9,321,018 9,442,976 Fixed 4.74 % 7/6/2024 Research Parkway 1,618,782 1,648,237 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,514,694 7,602,273 Fixed 4.34 % 1/5/2025 Union Town Center 7,948,249 8,025,300 Fixed 4.28 % 1/5/2025 One Park Centre 6,103,844 6,163,177 Fixed 4.77 % 9/5/2025 Genesis Plaza 5,996,779 6,055,682 Fixed 4.71 % 9/6/2025 Shea Center II 17,090,897 17,229,573 Fixed 4.92 % 1/5/2026 West Fargo Industrial (2) 3,969,781 4,030,297 Fixed 3.27 % 8/5/2029 Grand Pacific Center (3) 3,816,980 3,496,330 Fixed 6.35 % 5/5/2033 Baltimore 5,670,000 5,670,000 Fixed 4.67 % 4/6/2032 Mandolin 3,604,414 3,635,362 Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 72,655,438 $ 72,999,207 Model Home mortgage notes (4) 31,527,788 24,752,448 Fixed 2023 2028 Mortgage Notes Payable $ 104,183,226 $ 97,751,655 Unamortized loan costs (844,267 ) (852,956 ) Mortgage Notes Payable, net $ 103,338,959 $ 96,898,699
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 2023 $ 704,249 $ 3,097,313 $ 3,801,562 2024 10,399,349 12,538,361 22,937,710 2025 28,773,463 10,527,628 39,301,091 2026 16,651,236 150,639 16,801,875 2027 294,780 150,639 445,419 Thereafter 15,832,361 5,063,208 20,895,569 Total $ 72,655,438 $ 31,527,788 $ 104,183,226

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	6 Months Ended
	Jun. 30, 2023
Common Class A [Member]
Notes Tables
Dividends Declared [Table Text Block]	Quarter Ended 2023 2022 Distributions Declared Distributions Declared March 31 $ 0.022 $ 0.105 June 30 0.023 0.106 Total $ 0.045 $ 0.211 Month 2023 2022 Distributions Declared Distributions Declared January $ 0.19531 $ 0.19531 February 0.19531 0.19531 March 0.19531 0.19531 April 0.19531 0.19531 May 0.19531 0.19531 June 0.19531 0.19531 Total $ 1.17186 $ 1.17186

Note 11 - Share-based Incenti_2

Note 11 - Share-based Incentive Plan (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Share-Based Payment Arrangement, Restricted Stock Unit, Activity [Table Text Block]	Outstanding shares: Common Shares Balance at December 31, 2022 349,042 Granted 1,006,430 Forfeited (11,401 ) Vested (41,817 ) Balance at June 30, 2023 1,302,254

Note 12 - Segments (Tables)

Note 12 - Segments (Tables)	6 Months Ended
	Jun. 30, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Three Months Ended June 30, Six Months Ended June 30, 2023 2022 2023 2022 Office/Industrial Properties: Rental, fees and other income $ 3,020,066 $ 3,150,251 $ 5,882,064 $ 6,273,139 Property and related expenses (1,202,243 ) (1,174,391 ) (2,662,932 ) (2,530,925 ) Net operating income, as defined 1,817,823 1,975,860 3,219,132 3,742,214 Model Home Properties: Rental, fees and other income 1,022,041 696,964 1,877,161 1,407,292 Property and related expenses (46,801 ) (25,440 ) (77,797 ) (53,208 ) Net operating income, as defined 975,240 671,524 1,799,364 1,354,084 Retail Properties: Rental, fees and other income 480,001 471,344 938,868 1,224,685 Property and related expenses (128,351 ) (145,951 ) (266,149 ) (358,538 ) Net operating income, as defined 351,650 325,393 672,719 866,147 Reconciliation to net income (loss): Total net operating income, as defined, for reportable segments 3,144,713 2,972,777 5,691,215 5,962,445 General and administrative expenses (1,813,184 ) (1,214,005 ) (3,777,804 ) (2,797,696 ) Depreciation and amortization (1,368,829 ) (1,316,193 ) (2,702,403 ) (2,655,418 ) Interest expense (1,336,415 ) (1,085,860 ) (2,204,182 ) (2,103,573 ) Other income (expense), net 398,085 93,128 1,140,201 166,733 Income tax expense (349,074 ) (259,285 ) (497,527 ) (524,524 ) Gain on sale of real estate 1,119,952 1,227,484 1,537,289 2,750,269 Net income (loss) $ (204,752 ) $ 418,046 $ (813,211 ) $ 798,236
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	June 30, December 31, Assets by Reportable Segment: 2023 2022 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 75,552,573 $ 76,400,983 Total assets (2) $ 76,832,793 $ 79,057,998 Model Home Properties: Land, buildings and improvements, net (1) $ 47,267,669 $ 37,933,824 Total assets (2) $ 45,944,301 $ 35,274,545 Retail Properties: Land, buildings and improvements, net (1) $ 16,035,143 $ 16,142,613 Total assets (2) $ 16,698,766 $ 16,810,627 Reconciliation to Total Assets: Total assets for reportable segments $ 139,475,860 $ 131,143,170 Other unallocated assets: Cash, cash equivalents and restricted cash 2,570,236 8,570,121 Other assets, net 37,005,592 151,638,363 Total Assets $ 179,051,688 $ 291,351,654
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]	For the Six Months Ended June 30, Capital Expenditures by Reportable Segment 2023 2022 Office/Industrial Properties: Capital expenditures and tenant improvements $ 905,132 $ 832,990 Model Home Properties: Acquisition of operating properties 12,932,128 4,646,330 Retail Properties: Acquisition of operating properties — — Capital expenditures and tenant improvements 96,704 — Totals: Acquisition of operating properties, net 12,932,128 4,646,330 Capital expenditures and tenant improvements 1,001,836 832,990 Total real estate investments $ 13,933,964 $ 5,479,320

Note 1 - Organization (Details

Note 1 - Organization (Details Textual) $ in Millions	6 Months Ended
	Jun. 30, 2023 USD ($)
Number of Limited Liability Companies	2
Number of Limited Partnerships in which Company is Sole General Partner	5
Future Principal Mortgage Notes Payables, Due	$ 3.8
Model Home Properties [Member]
Number of Limited Partnerships in which Company is Sole General Partner	5
Future Principal Mortgage Notes Payables, Due	$ 3.1
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

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)	3 Months Ended		6 Months Ended
	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	Mar. 31, 2023	Dec. 31, 2022 USD ($)
Amortization of above and below Market Leases	$ 1,200	$ 13,700	$ 2,500	$ 27,400
Deferred Costs	1,500,000		1,500,000			$ 1,500,000
Operating Lease, Initial Direct Cost Expense, over Term	122,000	94,000	228,000	189,000
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents	8,700,791		8,700,791			16,516,725
Restricted Cash	3,700,000		3,700,000			4,400,000
Cash, Uninsured Amount	$ 1,800,000		$ 1,800,000			8,800,000
Number of Model Homes, Held for Sale	4		4
Marketable Securities	$ 759,600		$ 759,600			797,749
Marketable Securities, Cost Basis	800,000		$ 800,000			900,000
Excise Tax Liability on Spac Redemptions, Percentage			1%
Excise Tax Liability on Spac Redemptions, Amount	1,140,683		$ 1,140,683
Common Class A [Member]
Stock Redeemed or Called During Period, Shares (in shares) | shares			11,037,272
Stock Redeemed or Called During Period, Value			$ 114,068,280
Fair Value, Inputs, Level 1 [Member]
Cash Equivalents, at Carrying Value	23,300,000		23,300,000			136,900,000
Marketable Securities	800,000		800,000			$ 800,000
US Treasury Securities [Member]
Cash Equivalents, at Carrying Value	1,000,000		1,000,000
Lease Intangibles [Member]
Amortization of Intangible Assets	$ 4,400	$ 50,000	$ 8,800	$ 102,000
Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	1 year		1 year
Leasehold Improvements [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)					10 years
Furniture and Fixtures [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	5 years		5 years
Furniture and Fixtures [Member] | Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	1 year		1 year
SPAC, Murphy Canyon Acquisition Corp. [Member]
Equity Method Investment, Ownership Percentage					64.99%

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Antidilutive Securities (Details) - shares	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Antidilutive securities (in shares)	17,832,323	17,107,636	17,832,323	17,107,636
Common Stock Warrants [Member]
Antidilutive securities (in shares)	2,000,000	2,000,000	2,000,000	2,000,000
Placement Agent Warrants [Member]
Antidilutive securities (in shares)	80,000	80,000	80,000	80,000
Series A Warrants [Member]
Antidilutive securities (in shares)	14,450,069	14,450,069	14,450,069	14,450,069
Unvested Common Stock Grants [Member]
Antidilutive securities (in shares)	1,302,254	577,567	1,302,254	577,567

Note 3 - Recent Real Estate T_2

Note 3 - Recent Real Estate Transactions (Details Textual) $ in Millions		6 Months Ended
	Mar. 11, 2022 USD ($)	Jun. 30, 2023 USD ($)	Jun. 30, 2022 USD ($)
Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties		10	18
Proceeds from Sale of Real Estate		$ 5	$ 10
Gain (Loss) on Sale of Properties		$ 1.5	$ 3
Model Home [Member]
Number of Real Estate Properties		23	8
Real Estate Property, Consideration Transferred, Total		$ 12.9	$ 4.6
Payments to Acquire Residential Real Estate		3.9	1.4
Model Home [Member] | Mortgage Notes [Member]
Notes Payable		$ 9	$ 3.2
Waterman Plaza [Member] | Discontinued Operations [Member]
Proceeds from Sale of Real Estate	$ 10
Gain (Loss) on Sale of Properties	$ (0.3)

Note 4 - Real Estate Assets (De

Note 4 - Real Estate Assets (Details Textual)	6 Months Ended
	Jun. 30, 2023 ft² a	Mar. 31, 2023 ft²
Number of States Real Estate Property is Located	5
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)		756,823
Retail Properties [Member]
Area of Real Estate Property (Square Foot)	65,242
Model Home [Member]
Number of Real Estate Properties	105
Area of Real Estate Property (Square Foot) | a	319,236
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]
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%
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, 2023	Dec. 31, 2022
Real estate assets owned		$ 138,880,651	$ 130,512,230
Genesis Plaza [Member]
Geographic location	[1]	San Diego, CA
Real estate assets owned	[1]	$ 7,733,468	7,995,980
Dakota Center [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 8,765,789	8,569,537
Grand Pacific Center [Member]
Geographic location		Bismarck, ND
Real estate assets owned		$ 5,336,520	5,228,006
Arapahoe Center [Member]
Geographic location		Centennial, CO
Real estate assets owned		$ 8,588,221	8,664,604
Union Town Center [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 9,007,880	9,039,039
West Fargo Industrial [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 6,781,836	6,893,292
The 300 N.P [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 2,835,104	2,899,694
Research Parkway [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 2,289,133	2,319,588
One Park Centre [Member]
Geographic location		Westminster, CO
Real estate assets owned		$ 7,785,463	7,991,809
Shea Center II [Member]
Geographic location		Highlands Ranch, CO
Real estate assets owned		$ 19,172,919	19,501,998
Mandolin [Member]
Geographic location	[2]	Houston, TX
Real estate assets owned	[2]	$ 4,738,129	4,783,985
Baltimore [Member]
Geographic location		Baltimore, MD
Real estate assets owned		$ 8,578,520	8,690,874
Presidio Property Trust, Inc. Properties [Member]
Real estate assets owned		$ 91,612,982	92,578,406
Model Home Properties [Member]
Geographic location	[3]	AZ, FL, IL, TX, WI
Real estate assets owned	[3]	$ 47,267,669	$ 37,933,824
[1]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%.[2]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.[3]Includes Model Homes listed as held for sale as of March 31, 2023. and December 31, 2022, respectively.

Note 5 - Lease Intangibles (Det

Note 5 - Lease Intangibles (Details Textual) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Gross, Total	$ 4,110,139	$ 4,110,139
Below Market Lease, Net	15,753	18,240
Real Estate Assets Held for Sale [Member]
Finite-Lived Intangible Assets, Gross, Total	$ 0	$ 0

Note 5 - Lease Intangibles - Ne

Note 5 - Lease Intangibles - Net Value of Other Intangibles (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Lease intangibles, gross	$ 4,110,139	$ 4,110,139
Accumulated Amortization	(4,064,073)	(4,055,310)
Lease Intangibles, net	46,066	54,829
Leases, Acquired-in-Place [Member]
Lease intangibles, gross	2,515,264	2,515,264
Accumulated Amortization	(2,490,125)	(2,485,234)
Lease Intangibles, net	25,139	30,030
Leasing Costs [Member]
Lease intangibles, gross	1,261,390	1,261,390
Accumulated Amortization	(1,240,463)	(1,236,591)
Lease Intangibles, net	20,927	24,799
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, 2023	Dec. 31, 2022
2023	$ 8,763
2024	17,526
2025	15,670
2026	4,107
Total	$ 46,066	$ 54,829

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual)	Jun. 30, 2023 USD ($)	Dec. 31, 2022 USD ($)
Number of Publicly Traded REITs in which Common Shares are Owned	18	18
Number of Publicly Traded REITs in which Options are Owned	2	3
Investments, Fair Value Disclosure		$ 798,206
Derivative, Fair Value, Net	$ 395
Marketable Securities	759,600	797,749
Marketable Securities, Real Estate Investment Trust [Member] | Covered Call Option Contract [Member]
Investments, Fair Value Disclosure	$ 759,995
Derivative, Fair Value, Net		$ 457

Note 6 - Other Assets - Other A

Note 6 - Other Assets - Other Assets (Details) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
Investment in marketable securities	$ 759,600	$ 797,749
Total other assets	16,831,150	23,968,241
Other Assets [Member]
Deferred rent receivable	1,881,839	1,641,831
Investment in marketable securities	759,600	797,749
Prepaid expenses, deposits and other	725,096	619,621
Notes receivable	316,374	316,374
Accounts receivable, net	447,490	67,780
Right-of-use assets, net	30,926	45,843
Other intangibles, net	0	22,483
Total other assets	$ 4,161,325	$ 3,511,681

Note 7 - Mortgage Notes Payab_3

Note 7 - Mortgage Notes Payable (Details Textual) $ in Millions	May 05, 2023 USD ($) ft²	Aug. 05, 2023	Jun. 30, 2023
Refinanced Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.35%
Debt Instrument, Face Amount	$ 3.8
Debt Instrument, Term (Year)	10 years
Construction Loan [Member]
Debt Instrument, Interest Rate, Stated Percentage	6.35%
Debt Instrument, Face Amount	$ 2.7
Debt Instrument, Term (Year)	10 years
Model Home [Member]
Number of Real Estate Properties Held for Sale			4
Model Home [Member] | Mortgage Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage		6.70%
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			6.70%
Grand Pacific Center [Member]
Area of Real Estate Property (Square Foot) | ft²	33,296

Note 7 - Mortgage Notes Payab_4

Note 7 - Mortgage Notes Payable - Mortgage Notes Payable (Details) - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Mortgage Notes Payable, net		$ 103,338,959	$ 96,898,699
Mortgage Notes [Member]
Mortgage Notes Payable		104,183,226	97,751,655
Unamortized loan costs		(844,267)	(852,956)
Mortgage Notes [Member] | Dakota Center [Member]
Mortgage Notes Payable		$ 9,321,018	9,442,976
Interest rate	[1]	4.74%
Mortgage Notes [Member] | Research Parkway [Member]
Mortgage Notes Payable		$ 1,618,782	1,648,237
Interest rate	[1]	3.94%
Mortgage Notes [Member] | Arapahoe Center [Member]
Mortgage Notes Payable		$ 7,514,694	7,602,273
Interest rate	[1]	4.34%
Mortgage Notes [Member] | Union Town Center [Member]
Mortgage Notes Payable		$ 7,948,249	8,025,300
Interest rate	[1]	4.28%
Mortgage Notes [Member] | One Park Centre [Member]
Mortgage Notes Payable		$ 6,103,844	6,163,177
Interest rate	[1]	4.77%
Mortgage Notes [Member] | Genesis Plaza [Member]
Mortgage Notes Payable		$ 5,996,779	6,055,682
Interest rate	[1]	4.71%
Mortgage Notes [Member] | Shea Center II [Member]
Mortgage Notes Payable		$ 17,090,897	17,229,573
Interest rate	[1]	4.92%
Mortgage Notes [Member] | West Fargo Industrial [Member]
Mortgage Notes Payable	[2]	$ 3,969,781	4,030,297
Interest rate	[1],[2]	3.27%
Mortgage Notes [Member] | Grand Pacific Center [Member]
Mortgage Notes Payable	[3]	$ 3,816,980	3,496,330
Interest rate	[1],[3]	6.35%
Mortgage Notes [Member] | Baltimore [Member]
Mortgage Notes Payable		$ 5,670,000	5,670,000
Interest rate	[1]	4.67%
Mortgage Notes [Member] | Mandolin [Member]
Mortgage Notes Payable		$ 3,604,414	3,635,362
Interest rate	[1]	4.35%
Mortgage Notes [Member] | Subtotal, Presidio Property Trust, Inc. Properties [Member]
Mortgage Notes Payable		$ 72,655,438	72,999,207
Mortgage Notes [Member] | Model Home [Member]
Mortgage Notes Payable	[4]	$ 31,527,788	$ 24,752,448
[1]Interest rates as of March 31, 2023.[2]Interest rate is subject to possible reset on August 5, 2023. The lender may, upon not less than sixty (60) days prior written notice to the Company, increase the interest rate effective on the August 5, 2023 and August 5, 2026, to the rate then being quoted by the lender for new three-year commercial mortgage loans of similar size and quality with like terms and security (provided that in no event shall the new rate be less than the initial rate).[3]Interest rate is subject to possible reset on September 1, 2023. The lender may, upon not less than sixty (60) days prior written notice to the Company, increase the interest rate effective on September 1, 2023 and September 1, 2030 to the rate then being quoted by the lender for new seven-year commercial mortgage loans of similar size and quality with like terms and security (provided that in no event shall the new rate be less than the initial rate).[4]As of March 31, 2023 there were six model homes included as real estate assets held for sale. Our model homes have stand-alone mortgage notes at interest rates ranging from 2.50% to 6.7% per annum as of March 31, 2023.

Note 7 - Mortgage Notes Payab_5

Note 7 - Mortgage Notes Payable - Scheduled Principal Payments of Mortgage Notes Payable (Details)	Jun. 30, 2023 USD ($)
2023	$ 3,801,562
2024	22,937,710
2025	39,301,091
2026	16,801,875
2027	445,419
Thereafter	20,895,569
Total	104,183,226
Presidio Property Trust, Inc Notes Payable [Member]
2023	704,249
2024	10,399,349
2025	28,773,463
2026	16,651,236
2027	294,780
Thereafter	15,832,361
Total	72,655,438
Model Home Properies Notes Payable [Member]
2023	3,097,313
2024	12,538,361
2025	10,527,628
2026	150,639
2027	150,639
Thereafter	5,063,208
Total	$ 31,527,788

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						$ 1,310,000
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] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage						3%
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] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage						5.50%
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)					1 Months Ended	6 Months Ended
	Jan. 26, 2023 shares	Nov. 08, 2022 shares	Feb. 07, 2022 USD ($) $ / shares shares	Jan. 07, 2022 USD ($) shares	Feb. 28, 2023 USD ($)	Jun. 30, 2023 USD ($) shares	Jun. 30, 2022 USD ($)	May 11, 2023 USD ($)	Mar. 03, 2023 USD ($)	Mar. 01, 2023 shares
Capital Expenditures Incurred but Not yet Paid						$ 3,700,000
Murphy Canyon Acquisition Sponsor, LLC [Member]
Financing Receivable, after Allowance for Credit Loss						750,000
Murphy Canyon Acquisition Sponsor, LLC [Member] | Maximum [Member]
Financing Receivable, after Allowance for Credit Loss									$ 1,500,000
Murphy Canyon Acquisition Sponsor, LLC [Member]
Intangible Assets, Net (Excluding Goodwill)								$ 5,000,001
Trust for the SPAC Class A Common Stockholders [Member]
Cash Withdrawn From Trust Account						114,100,000
Trust Account, Income Tax Withdraws					$ 200,050
Trust Account, Extension Payments					$ 155,403
Investments						23,300,000	$ 135,100,000
Investment Income, Net						$ 939,522
Trust Investment Income							$ 201,767
Annual Yield Return						0.97%
Debt, Weighted Average Interest Rate						4.77%
Common Class A [Member]
Stock Redeemed or Called During Period, Shares (in shares) | shares						11,037,272
Stock Subject to Possible Redemption, Shares (in shares) | shares										2,187,728
The “Merger Consideration” [Member]
Stock Redeemed or Called During Period, Shares (in shares) | shares	11,037,272
The “Merger Consideration” [Member] | Common Class A [Member]
Stock Issued During Period, Shares, Acquisitions (in shares) | shares		65,000,000
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
Proceeds from Issuance of Common Stock			$ 132,250,000	$ 132,250,000
Noncontrolling Interest, Ownership Percentage by Parent				23.50%
Units Issued During Period, Units, New Issues (in shares) | shares			13,225,000	132,250,000
SPAC Units, Composition, Number of Shares Per Unit (in shares) | shares				1
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)						3 Months Ended		6 Months Ended		12 Months Ended	137 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	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($) $ / shares	Dec. 31, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Mar. 31, 2023 shares	Sep. 15, 2022 USD ($)	Jan. 21, 2022 $ / shares 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
Maximum Individual Common Stock Ownership, Percentage						9.80%		9.80%			9.80%
Stock Repurchased During Period, Value | $								$ 211,872
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
Warrants and Rights Outstanding, Term (Year)	5 years
Pre-funded Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	1,000,000
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 0.01
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
Series A Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares														$ 7
Warrants and Rights Outstanding, Term (Year)														5 years
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)														1
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	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	$ 18,100,000
Preferred Stock, Dividend Rate, Percentage								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	$ 1.17186
Payments of Dividends | $								$ 500,000
Stock Repurchase Program, Authorized Amount | $													$ 4,000,000
Stock Repurchased During Period, Shares (in shares)								12,612		6,013
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares								$ 16.80		$ 20.31
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares								0.035		$ 0.035
Stock Repurchased During Period, Value | $										$ 122,141
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 | $						$ 300,000	$ 1,300,000	$ 600,000	$ 2,600,000
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)						11,849,710		11,849,710		11,807,893	11,849,710
Stock Repurchase Program, Authorized Amount | $													$ 6,000,000		$ 10,000,000
Stock Repurchased During Period, Shares (in shares)								0		196,631
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares										$ 1.59
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares										$ 0.035
Stock Repurchased During Period, Value | $										$ 313,578
Common Class B [Member]
Common Stock, Shares Authorized (in shares)												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	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Common Class A [Member]
Cash Dividend Declared (in dollars per share)	$ 0.045	$ 0.211
Common Class A [Member] | Dividends Declared, March 31 [Member]
Cash Dividend Declared (in dollars per share)	0.022	0.105
Common Class A [Member] | Dividends Declared, June [Member]
Cash Dividend Declared (in dollars per share)	0.023	0.106
Series D Preferred Stock [Member]
Distributions Declared (in dollars per share)	1.17186	1.17186
Series D Preferred Stock [Member] | Dividends Declared, January [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, June [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, February [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, March [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, April [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, May [Member]
Distributions Declared (in dollars per share)	$ 0.19531	$ 0.19531

Note 11 - Share-based Incenti_3

Note 11 - Share-based Incentive Plan (Details Textual) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022	Jun. 01, 2023	May 26, 2022	Jan. 23, 2012	Dec. 31, 2006
Shares Issued, Price Per Share (in dollars per share)								$ 19
Share-Based Payment Arrangement, Expense	$ 0.3		$ 0.5	$ 0.3	$ 0.6
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 2.4			$ 2.4
The 2017 Incentive Award Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Number of Shares Authorized (in shares)						3,500,000	2,500,000
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)				5 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, 2023 shares
Balance (in shares)	349,042
Granted (in shares)	1,006,430
Forfeited (in shares)	(11,401)
Vested (in shares)	(41,817)
Balance (in shares)	1,302,254

Note 12 - Segments (Details Tex

Note 12 - Segments (Details Textual)	6 Months Ended
	Jun. 30, 2023
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, 2023	Mar. 31, 2023	Jun. 30, 2022	Mar. 31, 2022	Jun. 30, 2023	Jun. 30, 2022
Rental, fees and other income	$ 4,543,872		$ 4,320,860		$ 8,665,364	$ 8,894,001
Property and related expenses	(1,399,159)		(1,348,083)		(2,974,149)	(2,931,556)
General and administrative expenses	(1,813,184)		(1,214,005)		(3,777,804)	(2,797,696)
Depreciation and amortization	(1,368,829)		(1,316,193)		(2,702,403)	(2,655,418)
Interest expense	(1,336,415)		(1,085,860)		(2,204,182)	(2,103,573)
Other income (expense), net	398,085		93,128		1,140,201	166,733
Income tax expense	(349,074)		(259,285)		(497,527)	(524,524)
Gain on sale of real estate	1,119,952		1,227,484		1,537,289	2,750,269
Net income (loss)	(204,752)	$ (608,459)	418,046	$ 380,190	(813,211)	798,236
Operating Segments [Member]
Net operating income, as defined	3,144,713		2,972,777		5,691,215	5,962,445
Office/Industrial Properties [Member] | Operating Segments [Member]
Rental, fees and other income	3,020,066		3,150,251		5,882,064	6,273,139
Property and related expenses	(1,202,243)		(1,174,391)		(2,662,932)	(2,530,925)
Net operating income, as defined	1,817,823		1,975,860		3,219,132	3,742,214
Model Home Properties [Member] | Operating Segments [Member]
Rental, fees and other income	1,022,041		696,964		1,877,161	1,407,292
Property and related expenses	(46,801)		(25,440)		(77,797)	(53,208)
Net operating income, as defined	975,240		671,524		1,799,364	1,354,084
Retail Properties [Member] | Operating Segments [Member]
Rental, fees and other income	480,001		471,344		938,868	1,224,685
Property and related expenses	(128,351)		(145,951)		(266,149)	(358,538)
Net operating income, as defined	$ 351,650		$ 325,393		$ 672,719	$ 866,147

Note 12 - Segments - Assets by

Note 12 - Segments - Assets by Reportable Segment (Details) - USD ($)		Jun. 30, 2023	Dec. 31, 2022
Total assets		$ 179,051,688	$ 291,351,654
Cash, cash equivalents and restricted cash		8,700,791	16,516,725
Other assets, net		16,831,150	23,968,241
Operating Segments [Member]
Total assets		139,475,860	131,143,170
Segment Reconciling Items [Member]
Total assets		179,051,688	291,351,654
Cash, cash equivalents and restricted cash		2,570,236	8,570,121
Other assets, net		37,005,592	151,638,363
Office/Industrial Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	75,552,573	76,400,983
Total assets	[2]	76,832,793	79,057,998
Model Home Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	47,267,669	37,933,824
Total assets	[2]	45,944,301	35,274,545
Retail Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	16,035,143	16,142,613
Total assets	[2]	$ 16,698,766	$ 16,810,627
[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.

Note 12 - Segments - Capital Ex

Note 12 - Segments - Capital Expenditures by Reportable Segment (Details) - USD ($)	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Capital expenditures and tenant improvements	$ 1,001,836	$ 832,990
Acquisition of operating properties	12,932,128	4,646,330
Total real estate investments	13,933,964	5,479,320
Office/Industrial Properties [Member]
Capital expenditures and tenant improvements	905,132	832,990
Acquisition of operating properties	12,932,128	4,646,330
Model Home [Member]
Acquisition of operating properties	0	0
Retail Properties [Member]
Capital expenditures and tenant improvements	96,704	0
Acquisition of operating properties	$ 12,932,128	$ 4,646,330