Presidio Property Trust (SQFT) 10-K 15 Apr 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Apr. 15, 2024	Jun. 30, 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	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	000-53673
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	33-0841255
Entity Address, Address Line One	4995 Murphy Canyon Road, Suite 300
Entity Address, City or Town	San Diego
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	92123
City Area Code	760
Local Phone Number	471-8536
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 10,600,000
Entity Common Stock, Shares Outstanding		14,463,802
Auditor Firm ID	23
Auditor Name	Baker Tilly US, LLP
Auditor Location	Irvine, California
Series A Common Stock Purchase Warrants [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock Purchase Warrants to Purchase Shares of Common Stock
Trading Symbol	SQFTW
Security Exchange Name	NASDAQ
Series D Cumulative Redeembale Perpetual Preferred Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	9.375% Series D Cumulative Redeemable Perpetual Preferred Stock, $0.01 par value per share
Trading Symbol	SQFTP
Security Exchange Name	NASDAQ
Series A Common Stock [Member]
Document Information [Line Items]
Title of 12(b) Security	Series A Common Stock, $0.01 par value per share
Trading Symbol	SQFT
Security Exchange Name	NASDAQ

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($)	Dec. 31, 2023	Dec. 31, 2022
ASSETS
Land	$ 21,660,644	$ 19,189,386
Buildings and improvements	133,829,416	125,979,374
Tenant improvements	17,820,948	13,861,839
Lease intangibles	4,110,139	4,110,139
Real estate assets and lease intangibles held for investment, cost	177,421,147	163,140,738
Accumulated depreciation and amortization	(38,725,356)	(34,644,511)
Real estate assets and lease intangibles held for investment, net	138,695,791	128,496,227
Real estate assets held for sale, net	5,459,993	2,016,003
Real estate assets, net	144,155,784	130,512,230
Other assets:
Cash, cash equivalents and restricted cash	6,510,428	16,516,725
Deferred leasing costs, net	1,657,055	1,516,835
Goodwill	1,574,000	2,423,000
Investment in Conduit Pharmaceuticals marketable securities (see Notes 2 & 9)	18,318,521	0
Deferred tax asset	346,762	0
Other assets, net (see Note 6)	3,400,088	3,511,681
Total other assets	31,806,854	23,968,241
Investments held in Trust (see Notes 2 & 9)		136,871,183
TOTAL ASSETS	175,962,638	291,351,654
Liabilities:
Mortgage notes payable, net	103,685,444	95,899,176
Mortgage notes payable related to properties held for sale, net	4,027,829	999,523
Mortgage notes payable, total net	107,713,273	96,898,699
Accounts payable and accrued liabilities	4,792,034	4,028,564
Accounts payable and accrued liabilities of SPAC (see Notes 2 & 9)	0	5,046,725
Accrued real estate taxes	1,953,087	1,879,875
Dividends payable	174,011	178,511
Lease liability, net	16,086	46,833
Below-market leases, net	13,266	18,240
Total liabilities	114,661,757	108,097,447
Commitments and contingencies (Note 2 & 9):
Equity:
Additional paid-in capital	182,310,219	182,044,157
Dividends and accumulated losses	(131,508,785)	(138,341,750)
Total stockholders' equity before noncontrolling interest	50,932,994	43,829,626
Noncontrolling interest	10,367,887	9,013,446
Total equity	61,300,881	52,843,072
TOTAL LIABILITIES AND EQUITY	175,962,638	291,351,654
Common Class A [Member]
Equity:
Series A Common Stock, $0.01 par value per share, shares authorized: 100,000,000; 11,859,726 shares and 11,807,893 shares were issued and outstanding at December 31, 2023 and December 31, 2022, respectively	122,651	118,079
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Liabilities:
SPAC Class A common stock subject to possible redemption; none as of December 31, 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	0	130,411,135
Series D Preferred Stock [Member]
Liabilities:
Dividends payable	174,011	178,511
Equity:
Series D Preferred Stock, $0.01 par value per share; 1,000,000 shares authorized; 898,940 shares issued and outstanding (liquidation preference $25.00 per share) as of December 31, 2023 and 913,987 shares issued and outstanding as of December 31, 2022	$ 8,909	$ 9,140

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($)	Dec. 31, 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)	11,859,726	11,807,893
Common stock, shares outstanding (in shares)	11,859,726	11,807,893
Common Class A [Member] | SPAC, Murphy Canyon Acquisition Corp. [Member]
Temporary equity shares outstanding (in shares)	0	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)	898,940	913,987
Preferred stock, shares outstanding (in shares)	898,940	913,987
Preferred stock, liquidation preference (in dollars per share)	$ 25	$ 25

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Rental income	$ 16,743,231	$ 17,203,310
Fees and other income	892,383	560,971
Total revenue	17,635,614	17,764,281
Costs and expenses:
Rental operating costs	5,962,918	5,841,396
General and administrative	6,790,432	6,163,816
Depreciation and amortization	5,425,739	5,465,015
Impairment of goodwill and real estate assets	3,247,097	0
Total costs and expenses	21,426,186	17,470,227
Other income (expense):
Interest and other income, net	20,878	21,075
Gain on sales of real estate, net	3,240,200	5,079,912
Gain on deconsolidation of SPAC (see footnote 9)	40,321,483	0
Income tax (expense) benefit	335,780	(1,215,873)
Total other income, net	16,968,098	1,191,474
Net income	13,177,526	1,485,528
Less: Income attributable to noncontrolling interests	(3,031,080)	(3,612,647)
Net income (loss) attributable to Presidio Property Trust, Inc. stockholders	10,146,446	(2,127,119)
Less: Preferred Stock Series D dividends	(2,118,846)	(2,152,740)
Less: Series A Warrant dividend	0	(2,456,512)
Net income (loss) attributable to Presidio Property Trust, Inc. common stockholders	$ 8,027,600	$ (6,736,371)
Net income (loss) per share attributable to Presidio Property Trust, Inc. common stockholders:
Basic & Diluted (in dollars per share)	$ 0.68	$ (0.57)
Weighted average number of common shares outstanding - basic & dilutive (in shares)	11,847,814	11,753,041
All Other Than Conduit [Member]
Other income (expense):
Gain (loss) on sale of marketable securities, net	$ 1,414,420	$ 2,018,847
Conduit Pharmaceuticals Inc [Member]
Other income (expense):
Gain (loss) on sale of marketable securities, net	(23,359,774)	0
Mortgage Notes [Member]
Other income (expense):
Interest expense	$ (5,004,889)	$ (4,712,487)

Consolidated Statements of Equi

Consolidated Statements of Equity - 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 income															$ 0	$ 0	0	(2,127,119)	(2,127,119)	3,612,647	1,485,528
Vesting of restricted stock (in shares)															0	404,804
Vesting of restricted stock															$ 0	$ 4,048	1,884,945	0	1,888,993	0	1,888,993
Dividends paid to Series A Common Stockholders	$ 0	$ 0	$ 0	$ (3,114,456)	$ (3,114,456)	$ 0	$ (3,114,456)
Dividends to Series D Preferred Stockholders								$ 0	$ 0	$ 0	$ (2,152,741)	$ (2,152,741)	$ 0	$ (2,152,741)
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)
Remeasurement of SPAC shares to redemption value															0	0	(1,876,183)	0	(1,876,183)	0	(1,876,183)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(4,412,046)	(4,412,046)
Repurchase of Stock, at cost (in shares)	0	(196,631)						(6,013)	0
Repurchase of Stock, at cost	$ 0	$ (1,966)	$ (311,423)	$ 0	$ (313,389)	$ 0	$ (313,389)	$ (60)	$ 0	(122,081)	0	(122,141)	0	(122,141)
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 income															$ 0	$ 0	0	10,146,446	10,146,446	3,031,080	13,177,526
Vesting of restricted stock (in shares)															0	457,168
Vesting of restricted stock															$ 0	$ 4,572	1,041,811	0	1,046,383	0	1,046,383
Dividends paid to Series A Common Stockholders															0	0	0	(1,194,635)	(1,194,635)	0	(1,194,635)
Dividends to Series D Preferred Stockholders															0	0	0	(2,118,846)	(2,118,846)	0	(2,118,846)
Remeasurement of SPAC shares to redemption value															0	0	(405,994)	0	(405,994)	0	(405,994)
Distributions in excess of contributions received															$ 0	$ 0	0	0	0	(1,676,639)	(1,676,639)
Repurchase of Stock, at cost (in shares)								(23,041)	0
Repurchase of Stock, at cost								$ (231)	$ 0	$ (369,755)	$ 0	$ (369,986)	$ 0	$ (369,986)
Balance (in shares) at Dec. 31, 2023															890,946	12,265,061
Balance at Dec. 31, 2023															$ 8,909	$ 122,651	$ 182,310,219	$ (131,508,785)	$ 50,932,994	$ 10,367,887	$ 61,300,881

Consolidated Statements of Cash

Consolidated Statements of Cash Flows	12 Months Ended
	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 USD ($) shares
Cash flows from operating activities:
Net income	$ 13,177,526	$ 1,485,528
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation and amortization	5,425,739	5,465,015
Stock compensation	989,515	1,204,106
Bad debt expense	28,880	73,055
Gain on sale of real estate assets, net	(3,240,200)	(5,079,912)
Gain on deconsolidation of SPAC investment	(40,321,483)	0
Net change in fair value SPAC Trust Account	(1,414,420)	(1,976,183)
Impairment of goodwill and real estate assets	3,247,097	0
Amortization of financing costs	345,880	240,090
Amortization of below-market leases	(4,974)	(54,890)
Straight-line rent adjustment	(332,055)	(252,759)
Changes in operating assets and liabilities:
Other assets	(211,023)	1,050,221
Deferred tax asset	(346,762)	0
Accounts payable and accrued liabilities	60,556	(1,539,727)
Accounts payable and accrued liabilities for the SPAC	652,577	417,975
Accrued real estate taxes	73,212	(61,038)
Net cash provided by operating activities	1,489,839	928,817
Cash flows from investing activities:
Real estate acquisitions	(21,909,963)	(15,673,575)
Additions to buildings and tenant improvements	(6,663,116)	(2,107,505)
Investment in marketable securities	(2,161,724)	(1,762,095)
Proceeds from sale of marketable securities	2,974,910	2,363,063
Investment of SPAC IPO proceeds into Trust Account	(624,998)	(134,895,000)
Withdrawals from Trust Account for SPAC taxes	832,480	0
Withdrawals from Trust Account for Redemption of SPAC Shares	137,157,011	0
Deletions / (additions) to deferred leasing costs	7,744	(70,889)
Proceeds from sales of real estate, net	10,698,386	25,768,334
Net cash provided by (used in) investing activities	120,310,730	(126,377,667)
Cash flows from financing activities:
Proceeds from mortgage notes payable, net of issuance costs	20,804,277	20,288,093
Repayment of mortgage notes payable	(10,089,026)	(11,958,568)
Payment of deferred offering costs	(5,000)	(3,201,266)
Distributions to noncontrolling interests, net	(1,676,639)	(4,412,046)
Proceeds from initial public offering of SPAC	0	134,024,416
SPAC offering non-controlling interest adjustment	0	(1,774,416)
Redemption of SPAC shares	(137,157,011)	0
Repurchase of Series A Common Stock, at cost	0	(313,389)
Dividends paid to Series D Preferred Stockholders	(2,118,846)	(2,152,741)
Dividends paid to Series A Common Stockholders	(1,194,635)	(3,114,456)
Net cash (used in) provided by financing activities	(131,806,866)	127,263,486
Net (decrease) increase in cash equivalents and restricted cash	(10,006,297)	1,814,636
Cash, cash equivalents and restricted cash - beginning of period	16,516,725	14,702,089
Cash, cash equivalents and restricted cash - end of period	6,510,428	16,516,725
Supplemental disclosure of cash flow information:
Income taxes paid	$ 533,340	$ 517,902
Non-cash financing activities:
Potentially convertible common stock for SPAC (in shares) | shares	0	134,895,000
Dividends payable	$ 174,011	$ 178,511
Mortgage Notes [Member]
Supplemental disclosure of cash flow information:
Interest paid	4,962,458	4,110,288
Series D Preferred Stock [Member]
Cash flows from financing activities:
Repurchase of Series D Preferred Stock, at cost	(369,986)	(122,141)
Non-cash financing activities:
Dividends payable	174,011	178,511
Conduit Pharmaceuticals Inc [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in fair value marketable securities	23,359,774	0
All Other Than Conduit [Member]
Adjustments to reconcile net income to net cash provided by operating activities:
Net change in fair value marketable securities		$ (42,664)

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Insider Trading Arr Line Items
Material Terms of Trading Arrangement [Text Block]	9B. None
Rule 10b5-1 Arrangement Terminated [Flag]	false
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false

Note 1 - Organization and Basis

Note 1 - Organization and Basis of Presentation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	1. Organization . Presidio Property Trust, Inc. (“we”, “our”, “us” or the “Company”) is an internally-managed real estate investment trust (“REIT”), with holdings in office, industrial, retail and model home properties. We were incorporated in the State of California on September 28, 1999, August 2010, October 2017, commercial properties in fee interest, two September 2023) The Company or one • The Company is the sole general partner and limited partner in two December 31, 2023 • The Company is the general and limited partner in six limited partnerships that purchase model homes and lease them back to homebuilders (Dubose Model Home Investors #202, #203, #204, #205, #206, #207, The Company has determined that the limited partnerships in which it owns less than 100% Unit-based information used herein (such as references to square footage or property occupancy rates) is unaudited. We have elected to be taxed as a REIT under Sections 856 860 1986, 90% not We, together with one no Liquidity. may not may Short-term liquidity needs include paying our current operating costs, satisfying the debt service requirements of existing mortgages , completing tenant improvements, paying leasing commissions, and funding dividends to stockholders. Future principal payments due on mortgage notes payables, during the year ended December 31, 2024, , 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. As the Company continues its operations, it may no not twelve Segments. The Company acquires and o 14. Customer Concentration. December 31, 2023 December 31, 2022 December 31, 2022, not none December 31, 2023. 20% 2023 80%. December 31, 2023, none third 2024.

Note 2 - Significant Accounting

Note 2 - Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	2. Basis of Presentation. Principles of Consolidation The consolidated financial statements also include the accounts of (a) Murphy Canyon up until September 22, 2023, three 2, September 22, 2023, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated 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 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 lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of appr December 31, 2023 and 2022 , respectively. The value of in-place leases and unamortized ten third December 31, 2023 2022 Real Estate Held for Sale and Discontinued Operations. one not December 31, 2023 Impairments of Real Estate Assets. not may We review the carrying value of each of our real estate properties annually to determine if circumstances indicate an impairment in the carrying value of these investments exists. During the year ended December 31, 2023 2024 two 2022, not December 31, 2023 first 2024 not December 31, 2022 Intangible Assets not not not December 31, 2023 2022 The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. As of December 31, 2023, 2023 350 820, December 31, 2023 December 31, 2023 2022 Fair Value Measurements Depreciation and Amortization. December 31, 2023 2022 Cash, Cash Equivalents and Restricted Cash. December 31, 2023 December 31, 2022 three may $250,000 No December 31, 2023 December 31, 2023 December 31, 2022 December 31, 2022 Accounts Receivables. due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Com December 31, 2023 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 third December 31, 2023 2022 December 31, 2023 2022 Deferred Financing Costs. Costs incurred, including legal fees, originatio December 31, 2023 2022 December 31, 2023 2022 Deferred Offering Costs. ngs and as of December 31, 2023 we have incurred approximately $5,000. These costs are related to an amendment to a registration statement for the sale of our common stock that has not December 31, 2022, Income Taxes. We have elected to be taxed as a REIT under Sections 856 860 not December 31, 2023 , we have estimated appr may not We, together with one no 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 third may third not As of December 31, 2023 December 31, 2022 third 1 1 December 31, 2023 December 31, 2022 1 2022 03 Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions December 31, 2023 180 March 20, 2024. December 31, 2023 December 31, 2022 . The following table presents as of December 31, 2023 Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Goodwill for Dubose Model Homes $ - $ - $ 1,123,000 $ 1,123,000 Goodwill for NTR Property Management - - 451,000 451,000 Total Assets $ - $ - $ 1,574,000 $ 1,574,000 The following table presents as of December 31, 2022 Fair Value Measurements as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Goodwill for Dubose Model Homes $ - $ - $ 1,123,000 $ 1,123,000 Goodwill for NTR Property Management - - 1,300,000 1,300,000 Total Assets $ - $ - $ 2,423,000 $ 2,423,000 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 Year Ended December 31, 2023 2022 Common Stock Warrants 2,000,000 2,000,000 Placement Agent Warrants 80,000 80,000 Series A Warrants 14,450,069 14,450,069 Unvested Common Stock Grants 760,995 349,042 Total potentially dilutive shares 17,291,064 16,879,111 Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is not December 31, 2023 December 31, 2022 Sales of Real Estate Assets January 1, 2018, 610 20, 610 20” not 610 20. ASC 610 20 der ASU No. 2014 9. 610 20, not Revenue Recognition and Accounts Receivables . We recognize minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured and record amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or by us. When we are the owner of the tenant improvements, rental revenue begins when the tenant takes possession or has control of the physical us not not • whether the lease stipulates how a tenant improvement allowance may • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectability of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one not no 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 was involved in the formation of an entity considered to be a VIE, prior to September 22, 2023, 810 not Following the completion of the Murphy Canyon IPO in January 2022, not not 480 10 S99 3A. 9 Shares Subject to Possible Redemption 470 20. 480 10 S99. three March 31, 2022, September 22, 2023 9 Excise Tax . 2022, January 2023. not September 22, 2023, January 2023 September 22, 2023. Warrant Instruments SPAC. 480 815, 815 40 840 no not September 22, 2023, no 9 Subsequent Events. Recently Issued and Adopted Accounting Pronouncements. June 2022, No. 2022 03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, 1 820, 2 3 820. not not 1. The fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet, 2. The nature and remaining duration of the restriction(s), and 3. The circumstances that could cause a lapse in the restriction(s). For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2023, December 15, 2024, not three September 30, 2023 September 30, 2023. In December 2023, 2023 09, Income Taxes December 15, 2024 not 2023 09 In November 2023, 2023 07, Segment Reporting 280. 280, not December 15, 2023 December 15, 2024 not 2023 07

Note 3 - Recent Real Estate Tra

Note 3 - Recent Real Estate Transactions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Real Estate Disclosure [Text Block]	3. Significant Transactions in 2023 and 2022 Acquisitions during the year ended December 31, 2023: • We acquired 40 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2023 Acquisitions during the year ended December 31, 2022: • We acquired 31 Model Home Properties and leased them back to the homebuilders under triple net leases during the year ended December 31, 2022 We review our portfolio of investment properties for value appreciation potential on an ongoing basis, and dispose of any properties that no Dispositions during the year ended December 31, 2023: During year ended December 31, 2023 • 22 model homes for approximately $11.7 million and the Company recognized a gain of approximately $3.2 million. Dispositions during the year ended December 31, 2022: During year ended December 31, 2022 • World Plaza, which was sold on March 11, 2022, • 31 model homes for approximately $17.5 million and the Company recognized a gain of approximately $5.4 million.

Note 4 - Real Estate Assets

Note 4 - Real Estate Assets	12 Months Ended
	Dec. 31, 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 December 31, 2023 • Eight office buildings and one industrial building (“Office/Industrial Properties”) which total approximately rentable 758,175 square feet; • Three retail shopping centers (“Retail Properties”) which total approximately 65,242 rentable square feet; • 110 model homes owned by our affiliated limited partnerships and one six one A summary of the properties owned by the Company as of December 31, 2023 2022 Date Real estate assets, net Property Name Acquired Location December 31, 2023 December 31, 2022 Genesis Plaza (1) August 2010 San Diego, CA $ 7,542,725 $ 7,995,980 Dakota Center May 2011 Fargo, ND 9,201,883 8,569,537 Grand Pacific Center (2) March 2014 Bismarck, ND 8,274,454 5,228,006 Arapahoe Center December 2014 Centennial, CO 9,341,991 8,664,604 Union Town Center December 2014 Colorado Springs, CO 8,918,742 9,039,039 West Fargo Industrial August 2015 Fargo, ND 6,819,765 6,893,292 300 N.P. August 2015 Fargo, ND 2,774,176 2,899,694 Research Parkway August 2015 Colorado Springs, CO 2,266,173 2,319,588 One Park Center (3) August 2015 Westminster, CO 5,700,000 7,991,809 Shea Center II (4) December 2015 Highlands Ranch, CO 19,367,289 19,501,998 Mandolin (5) August 2021 Houston, TX 4,692,274 4,783,985 Baltimore December 2021 Baltimore, MD 8,466,165 8,690,874 Presidio Property Trust, Inc. properties 93,365,637 92,578,406 Model Home properties (6) 2017 2023 AZ, FL, IL, TX, WI 50,790,147 37,933,824 Total real estate assets and lease intangibles, net $ 144,155,784 $ 130,512,230 ( 1 Genesis Plaza is owned by two ( 2 Grand Pacific Center, Bismarck, ND, was removed from held for sale after signing a major lease with KLJ Engineering on December 7, 2022 122 December 2023, February 28, 2024. ( 3 During the year ended December 31, 2023 ( 4 On December 31, 2022, not approximately $1.1 million in a reserve account with our lender to cover future mortgage payments, if necessary, none December 31, 2023. 20% 2023 80%. December 31, 2023, none third 2024. ( 5 A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 ( 6 Includes Model Homes listed as held for sale as of December 31, 2023 December 31, 2023 2024 two 2022,

Note 5 - Lease Intangibles

Note 5 - Lease Intangibles	12 Months Ended
	Dec. 31, 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: December 31, 2023 December 31, 2022 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,495,016 ) $ 20,248 $ 2,515,264 $ (2,485,234 ) $ 30,030 Leasing costs 1,261,390 (1,244,335 ) 17,055 1,261,390 (1,236,591 ) 24,799 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (4,072,836 ) $ 37,303 $ 4,110,139 $ (4,055,310 ) $ 54,829 At December 31, 2023 2022 The net value of acquired intangible liabilities was approximately $13,266 and $18,240 relating to below-market leases at December 31, 2023 December 31, 2022 Future aggregate approximate amortization expense for the Company's lease intangible assets is as follows: 2024 17,526 2025 15,670 2026 4,107 Total $ 37,303

Note 6 - Other Assets

Note 6 - Other Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Other Assets Disclosure [Text Block]	6. Other assets consist of the following: December 31, December 31, 2023 2022 Deferred rent receivable $ 1,973,887 $ 1,641,831 Accounts receivable, net 694,869 67,780 Prepaid expenses, deposits and other 349,160 619,621 Notes receivable 316,374 316,374 Investment in marketable securities (not including Conduit) 45,149 797,749 Right-of-use assets, net 15,649 45,843 Deferred offering costs 5,000 — Other intangibles, net — 22,483 Total other assets $ 3,400,088 $ 3,511,681 Periodically, the Company may third not 815 not may no may As of December 31, 2023 December 31, 2023 December 31, 2022 December 31, 2022 December 31, 2022

Note 7 - Mortgage Notes Payable

Note 7 - Mortgage Notes Payable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Mortgage Notes Payable Disclosure [Text Block]	7. Mortgage notes payable consist of the following: Principal as of December 31, December 31, Loan Interest Mortgage note property 2023 2022 Type Rate (1) Maturity Dakota Center (2) 9,197,346 9,442,976 Fixed 4.74 % 7/6/2024 Research Parkway 1,588,742 1,648,237 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,426,088 7,602,273 Fixed 4.34 % 1/5/2025 Union Town Center 7,870,468 8,025,300 Fixed 4.28 % 1/5/2025 One Park Centre 6,043,882 6,163,177 Fixed 4.77 % 9/5/2025 Genesis Plaza 5,937,251 6,055,682 Fixed 4.71 % 9/6/2025 Shea Center II 16,951,095 17,229,573 Fixed 4.92 % 1/5/2026 West Fargo Industrial (3) 3,922,829 4,030,297 Fixed 6.70 % 8/5/2029 Grand Pacific Center (4) 5,470,305 3,496,330 Fixed 6.35 % 5/5/2033 Baltimore 5,670,000 5,670,000 Fixed 4.67 % 4/6/2032 Mandolin 3,573,201 3,635,362 Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 73,651,207 $ 72,999,207 Model Home mortgage notes (5) 34,815,699 24,752,448 Fixed 2023 2028 Mortgage Notes Payable $ 108,466,906 $ 97,751,655 Unamortized loan costs (753,633 ) (852,956 ) Mortgage Notes Payable, net $ 107,713,273 $ 96,898,699 ( 1 Interest rates as of December 31, 2023 ( 2 The loan on Dakota Center matures in July 2024 ( 3 On August 5, 2023, may, not sixty 60 August 5, 2023, August 5, 2026, three no ( 4 On May 5, 2023, first 60 first 60 December 31, 2023 ( 5 As of December 31, 2023 December 31, 2023 ( 6 These mortgage loans mature within the next twelve not The loan agreement between NetREIT Model, Homes, Inc. (“NRMH”) and their Lender has a covenant for a Fixed Charge Coverage Ratio, (“FCCR”) as defined for NRMH as of any date (a) the sum of (i) EBITDA for the period ended as of such date minus (ii) Distributions for the period ended as of such date divided by (b) the sum of (ii) Principal Payments Paid for the period ended as of such date plus (iii) Interest Expense for period ended as of such date. The FCCR is to be no 1.00, December 31, 2023 December 31, 2023 Scheduled principal payments of mortgage notes payable were as follows as of December 31, 2023 Presidio Property Model Trust, Inc. Homes Total Principal Years ending December 31: Notes Payable Notes Payable Payments 2024 $ 10,403,266 $ 13,088,440 $ 23,491,706 2025 28,772,504 10,404,945 39,177,449 2026 16,648,942 300,081 16,949,023 2027 294,780 300,081 594,861 2028 310,560 8,330,316 8,640,876 Thereafter 17,221,155 2,391,836 19,612,991 Total $ 73,651,207 $ 34,815,699 $ 108,466,906

Note 8 - Notes Payable

Note 8 - Notes Payable	12 Months Ended
	Dec. 31, 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 accrues at 3.75% August 17, 2050. 19 As of December 31, 2023, two 202 204 two August 2024 November 2025. On August 17, 2021, August 17, 2022. April 2022, third On December 20, 2021, ore property in Baltimore, Maryland, for $5.65 million with an interest rate of 4.5% per annum and a maturity date of December 20, 2022. March 2022, third

Note 9 - Commitments and Contin

Note 9 - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	9. The Company is obligated under certain tenant leases to fund tenant improvements and the expansion of the underlying leased properties. As of December 31, 2023 2024. On March 13, 2024, may may may not Litigation. may Environmental Matters. no not not mental liability with respect to the properties that would have a material effect on the Company’s financial condition, results of operations and cash flow. Further, the Company is not Financial Markets. 19 may not Sponsorship of Special Purpose Acquisition Company January 7, 2022, one three one 480 The Murphy Canyon IPO of 13,225,000 units of common stock and warrants, closed on February 7, 2022, 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 $1.2 million of income during the nine September 30, 2023, nine September 30, 2022, September 30, 2022, first nine first February 2022, not nine September 30, 2022. September 22, 2023, As of immediately prior to the consummation of the SPAC's business combination, which occurred on September 22, 2023, September 22, 2023. On September 22, 2023, Following the completion of the Murphy Canyon IPO in February 2022, not September 22, 2023, no no September 22, 2023, September 22, 2023. Since deconsolidating Conduit, on September 22, 2023, 1 2022 03 Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions December 31, 2023 180 March 20, 2024.

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity	12 Months Ended
	Dec. 31, 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 March 2024 in the amount of $0.19531 per share payable on the 15th December 31, 2023 and 2022 Common Stock. The Company is authorized to issue up to 100,000,000 shares of Series A Common Stock, 1,000 shares of Series B Common Stock, and 9,000,000 shares of Series C Common Stock (collectively, the "Common Stock") each with $0.01 par value per share. Each class of Common Stock has identical rights, preferences, terms, and conditions except that the holders of Series B Common Stock are not one not not one On July 12, 2021, August 2021 five August 2021, five The Company evaluated the accounting guidance in ASC 480 815 December 31, 2023 , none Stock Repurchase Program . September 17, 2021, September 2022. September 15, 2022, September 2023. December 31, 2022, November 2023, November 2024. December 31, 2023 no Cash Dividends. For the years ended December 31, 2023 and December 31, 2022 the Company declared and paid Series A Common Stock cash dividends of approximately $1.2 million and $3.1 million, respectively. For the years ended December 31, 2023 and December 31, 2022 the Company declared and paid Series D Preferred Stock cash dividends of approximately $2.1 million and $2.2 million, respectively. The following is a summary of distributions declared per share of our Series A Common Stock and for our Series D Preferred Stock for the years ended December 31, 2023 and 2022 . 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 December 31, 2023 and December 31, 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 September 30 0.023 0.020 December 31 0.023 0.021 Total $ 0.091 $ 0.252 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 July 0.19531 0.19531 August 0.19531 0.19531 September 0.19531 0.19531 October 0.19531 0.19531 November 0.19531 0.19531 December 31 0.19531 0.19531 Total $ 2.34372 $ 2.34372 Partnership Interests. two five first one Warrant Dividend. January 2022, January 21, 2022. January 24, 2022 January 14, 2022 January 21, 2022. five not 1/10 first Dividend Reinvestment Plan. may thirty January 23, 2012, December 7, 2018 October 6, 2020 December 31, 2023 no 2018.

Note 11 - Share-based Incentive

Note 11 - Share-based Incentive Plan	12 Months Ended
	Dec. 31, 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 May 26, 2022, 2017 June 1, 2023, 2017 April 1 st October 1 st 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 (137,309 ) Vested (457,168 ) Balance at December 31, 2023 760,995 The non-vested restricted shares outstanding as of December 31, 2023 will vest over the next one five Share-based compensation expense for the years ended December 31, 2023 and 2022 was approximately $1.0 million and , respectively. As of December 31, 2023 and 2022 , future unrecognized stock compensation related to unvested shares totaled approximately $1.5 million and $1.5 million, respectively.

Note 12 - Segments

Note 12 - Segments	12 Months Ended
	Dec. 31, 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) excluding interest expense. 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 years ended December 31, 2023 2022 Year Ended December 31, 2023 2022 Office/Industrial Properties: Rental, fees and other income $ 11,648,034 $ 12,702,986 Property and related expenses (7,264,029 ) (5,148,110 ) Net operating income, as defined 4,384,005 7,554,876 Model Home Properties: Rental, fees and other income 4,132,130 2,909,871 Property and related expenses (588,477 ) (102,660 ) Net operating income, as defined 3,543,653 2,807,211 Retail Properties: Rental, fees and other income 1,884,330 2,224,479 Property and related expenses (537,389 ) (663,681 ) Net operating income, as defined 1,346,941 1,560,798 Reconciliation to net income: Total net operating income, as defined, for reportable segments 9,274,599 11,922,885 Goodwill impairment (849,000 ) — General and administrative expenses (6,790,432 ) (6,163,816 ) Depreciation and amortization (5,425,739 ) (5,465,015 ) Interest expense (5,004,889 ) (4,712,487 ) Gain on marketable securities 1,414,420 2,018,847 Loss on Conduit marketable securities (23,359,774 ) — Gain on deconsolidation of SPAC 40,321,483 — Other income, net 20,878 21,075 Income tax expense 335,780 (1,215,873 ) Gain on sale of real estate 3,240,200 5,079,912 Net income $ 13,177,526 $ 1,485,528 December 31, December 31, Assets by Reportable Segment: 2023 2022 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 77,472,724 $ 76,400,983 Total assets (2) $ 78,140,372 $ 79,057,998 Model Home Properties: Land, buildings and improvements, net (1) $ 50,790,147 $ 37,933,824 Total assets (2) $ 51,456,292 $ 35,274,545 Retail Properties: Land, buildings and improvements, net (1) $ 15,877,190 $ 16,142,613 Total assets (2) $ 16,539,399 $ 16,810,627 Reconciliation to Total Assets: Total assets for reportable segments $ 146,136,063 $ 131,143,170 Other unallocated assets: Cash, cash equivalents and restricted cash 277,143 8,570,121 Other assets, net 29,549,432 151,638,363 Total Assets $ 175,962,638 $ 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 Year Ended December 31, Capital Expenditures by Reportable Segment 2023 2022 Office/Industrial Properties: Capital expenditures and tenant improvements, office $ 6,512,594 $ 1,994,371 Model Home Properties: Acquisition of operating properties, model home 21,909,963 15,673,575 Retail Properties: Capital expenditures and tenant improvements, retail 150,522 113,134 Totals: Acquisition of operating properties, net 21,909,963 15,673,575 Capital expenditures and tenant improvements 6,663,116 2,107,505 Total real estate investments $ 28,573,079 $ 17,781,080

Note 13 - Income Tax Provision

Note 13 - Income Tax Provision	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	13. The Company accounts for income taxes under the asset and liability method under which it recognizes deferred income taxes, net of valuation allowances, if any, for the estimated future tax effects of temporary differences between the financial statement carrying amounts of existing assets and liabilities and its tax bases and net operating loss and tax credit carryforwards. The Company may, one no Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The provision (benefit) for income taxes consists of the following for the years ended December 31, 2023 2022 December 31, 2023 December 31, 2022 Current income tax expense (benefit) Federal $ 100,036 $ 20,265 State (89,054 ) 1,195,608 Total current income tax expense (benefit) 10,982 1,215,873 Deferred income tax expense (benefit) Federal (289,480 ) 211,627 State (57,282 ) - Total deferred income tax expense (benefit) (346,762 ) 211,627 Change in Valuation Allowance - (211,627 ) Total income tax (benefit) expense $ (335,780 ) $ 1,215,873 Income tax provision differed from the amount computed by applying the U.S. federal income tax rate of 21% to income (loss) before taxes, as follows: December 31, 2023 December 31, 2022 Taxes at federal statutory rate $ 2,696,767 $ 567,294 State Taxes 21,821 1,195,608 REIT entities not subject to tax 1,445,837 - Pass through entities not subject to tax (2,135,580 ) Deconsolidation adjustment (1,303,720 ) - Non-controlling interest (636,527 ) (758,656 ) True Up Adjustment (424,378 ) - Change In Valuation Allowance - 211,627 Total income tax (benefit) expense $ (335,780 ) $ 1,215,873 The tax effects of temporary differences which give rise to significant portions of deferred tax assets are as follows as of December 31: For The Years Ended 2023 2022 Deferred Tax Assets Deferred Revenue $ 42,792 - State Taxes 781 - Fixed Asset 278,646 - Start up costs 24,543 211,627 Total deferred tax asset 346,762 211,627 Deferred Tax Liabilities Basis difference in investments - - Net deferred tax assets 346,762 211,627 Valuation allowance - (211,627 ) Net deferred tax assets (liability) $ 346,762 $ - In 2022, September 23, 2023, no three December 31, 2023. December 31, 2023. The Company files income tax returns in the U.S. federal jurisdiction and various state jurisdictions. The Company is no 2019. In December 2023, 2023 09, 740 December 15, 2024

Note 14 - Related Party Transac

Note 14 - Related Party Transactions	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	14. RELATED PARTY TRANSACTIONS During the years ended December 31, 2023 and 2022 2020, 2019 November 2008. December 31, 2023 2022, Additionally, we received full payroll reimbursement for employee services relate to Centurion Counsel and Puppy Toes, Inc. during the years ended December 31, 2023 2022 not December 31, 2023 2022, January 2024 January 2023,

Note 15 - Subsequent Events

Note 15 - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	15. 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 On December 31, 2023, 1 April 12, 2024,

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation and Amortization	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]	Schedule III - Real Estate and Accumulated Depreciation and Amortization – as of December 31, 2023 All amounts are in thousands Initial Cost Total Cost (1 ) Property Name/ Location Encumbrances Land Cost Building & Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Amortization Reserve for Impairment NBV Real Estate Date Acquired Year Built/ Renovated Genesis Plaza, San Diego, CA $ 5,937 $ 1,400 $ 8,600 $ 10,000 $ 3,169 $ 1,400 $ 11,769 $ 13,169 $ 5,626 $ — $ 7,543 08/10 1989 Dakota Center, Fargo, ND 9,197 832 8,743 9,575 4,228 832 12,971 13,803 4,601 — 9,202 05/11 1982 Grand Pacific Center, Bismarck, ND 5,470 413 4,926 5,339 5,206 413 10,407 10,820 2,546 — 8,274 03/14 1976 Arapahoe Center, Centennial, CO 7,426 1,420 10,430 11,850 1,601 1,420 12,031 13,451 4,109 — 9,342 12/14 2000 West Fargo Industrial, Fargo, ND 3,923 1,693 6,207 7,900 657 1,693 6,864 8,557 1,737 — 6,820 08/15 1998/2005 300 N.P., Fargo, ND — 135 3,715 3,850 371 135 4,086 4,221 1,139 308.0 2,774 08/15 1922/2004 One Park Centre, Westminster, CO 6,044 1,206 7,944 9,150 2,070 1,206 10,014 11,220 3,553 1,966.1 5,700 08/15 1983 Shea Center II, Highlands Ranch, CO 16,951 2,214 23,747 25,961 3,451 2,214 27,198 29,412 10,044 — 19,368 12/15 2000 McElderry, Baltimore, MD 5,670 215 8,677 8,892 29 215 8,705 8,920 454 8,466 12/20 2006 Total Office/ Industrial properties 60,619 9,528 82,989 92,517 20,781 9,528 104,045 113,573 33,810 2,274.1 77,489 - Union Town Center, Colorado Springs, CO 7,870 1,750 9,462 11,212 317 1,750 9,779 11,529 2,610 — 8,919 12/14 2003 Research Parkway, Colorado Springs, CO 1,589 408 2,442 2,850 (37 ) 408 2,405 2,813 547 — 2,266 08/16 2003 Mandolin, Houston, TX 3,573 1,330 3,562 4,892 15 1,330 3,577 4,907 214 — 4,693 08/21 2021 Total Retail properties 13,032 3,488 15,466 18,954 295 3,488 15,761 19,249 3,371 — 15,878 - Model Homes-DMH LP #202 269 83 400 483 — 83 400 483 64 — 419 2017 2018 2017 Model Homes-DMH LP #203 643 202 858 1,060 — 202 858 1,060 96 — 964 2017 2019 2019 Model Homes-DMH LP #204 940 278 1,286 1,564 — 278 1,286 1,564 137 — 1,427 2018 2020 2018 2020 Model Homes-DMH LP #205 2,762 791 3,732 4,523 — 791 3,732 4,523 380 — 4,142 2019 2020 2019 2020 Model Homes-DMH LP #206 1,416 289 2,002 2,292 — 289 2,002 2,292 158 — 2,133 2020 2021 2020 2021 Model Homes-DMH LP #207 5,065 1,323 5,938 7,262 — 1,323 5,938 7,262 17 — 7,244 2023 2023 Model Homes-NMH Inc. 24,270 5,679 30,262 35,941 — 5,679 30,262 35,941 1,050 432.0 34,460 2018 2022 2018 2023 Total Model Home properties 35,363 8,646 44,478 53,124 — 8,646 44,478 53,124 1,902 432.0 50,789 — CONSOLIDATED TOTALS: $ 109,014 $ 21,662 $ 142,933 $ 164,595 $ 21,076 $ 21,662 $ 164,284 $ 185,946 $ 39,083 $ 2,706 $ 144,156 ( 1 Presidio Property Trust, Inc. and Subsidiaries Schedule III - Real Estate and Accumulated Depreciation and Amortization (continued) – as of December 31, 2023 For the Year Ended December 31, 2023 2022 Real estate Balance at the beginning of the year $ 165,316,008 $ 171,013,693 Acquisitions 21,909,963 15,673,575 Improvements 6,663,116 2,107,503 Impairments (2,398,097.0 ) — Dispositions of real estate (8,252,089 ) (23,478,763 ) Balance at the end of the year $ 183,238,901 $ 165,316,008 Accumulated depreciation and amortization Balance at the beginning of the year $ (34,803,778 ) $ (32,948,757 ) Depreciation and amortization expense (4,925,463 ) (5,015,491 ) Dispositions of real estate 646,124 3,160,470 Balance at the end of the year $ (39,083,117 ) $ (34,803,778 ) Real estate assets, net $ 144,155,784 $ 130,512,230

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Presentation.
Consolidation, Policy [Policy Text Block]	Principles of Consolidation The consolidated financial statements also include the accounts of (a) Murphy Canyon up until September 22, 2023, three 2, September 22, 2023, The Company classifies the noncontrolling interests in the NetREIT Partnerships as part of consolidated 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 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 lease. The amounts allocated to above or below-market leases are amortized on a straight-line basis as an increase or reduction of rental income over the remaining non-cancelable term of the respective leases. Amortization of above and below-market rents resulted in a net increase in rental income of appr December 31, 2023 and 2022 , respectively. The value of in-place leases and unamortized ten third December 31, 2023 2022
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Real Estate Held for Sale and Discontinued Operations. one not December 31, 2023
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairments of Real Estate Assets. not may We review the carrying value of each of our real estate properties annually to determine if circumstances indicate an impairment in the carrying value of these investments exists. During the year ended December 31, 2023 2024 two 2022, not December 31, 2023 first 2024 not December 31, 2022
Intangible Assets, Finite-Lived, Policy [Policy Text Block]	Intangible Assets not not not December 31, 2023 2022 The Company is required to perform a test for impairment of goodwill and other definite and indefinite lived assets at least annually, and more frequently as circumstances warrant. Impairment is recognized only if the carrying amount of the intangible asset is considered to be unrecoverable from its undiscounted cash flows and is measured as the difference between the carrying amount and the estimated fair value of the asset. As of December 31, 2023, 2023 350 820, December 31, 2023 December 31, 2023 2022 Fair Value Measurements
Depreciation, Depletion, and Amortization [Policy Text Block]	Depreciation and Amortization. December 31, 2023 2022
Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents and Restricted Cash. December 31, 2023 December 31, 2022 three may $250,000 No December 31, 2023 December 31, 2023 December 31, 2022 December 31, 2022
Receivable [Policy Text Block]	Accounts Receivables. due from tenants and maintains an allowance for doubtful accounts for estimated losses resulting from the inability of tenants to make required payments under lease agreements. In addition, the Com December 31, 2023 2022
Deferred Charges, Policy [Policy Text Block]	Deferred Leasing Costs. Costs incurred in connection with successful property leases are capitalized as deferred leasing costs and amortized to leasing commission expense on a straight-line basis over the terms of the related leases which generally range from one five third December 31, 2023 2022 December 31, 2023 2022 Deferred Financing Costs. Costs incurred, including legal fees, originatio December 31, 2023 2022 December 31, 2023 2022 Deferred Offering Costs. ngs and as of December 31, 2023 we have incurred approximately $5,000. These costs are related to an amendment to a registration statement for the sale of our common stock that has not December 31, 2022,
Income Tax, Policy [Policy Text Block]	Income Taxes. We have elected to be taxed as a REIT under Sections 856 860 not December 31, 2023 , we have estimated appr may not We, together with one no
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 third may third not As of December 31, 2023 December 31, 2022 third 1 1 December 31, 2023 December 31, 2022 1 2022 03 Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions December 31, 2023 180 March 20, 2024. December 31, 2023 December 31, 2022 . The following table presents as of December 31, 2023 Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Goodwill for Dubose Model Homes $ - $ - $ 1,123,000 $ 1,123,000 Goodwill for NTR Property Management - - 451,000 451,000 Total Assets $ - $ - $ 1,574,000 $ 1,574,000 The following table presents as of December 31, 2022 Fair Value Measurements as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Goodwill for Dubose Model Homes $ - $ - $ 1,123,000 $ 1,123,000 Goodwill for NTR Property Management - - 1,300,000 1,300,000 Total Assets $ - $ - $ 2,423,000 $ 2,423,000
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 Year Ended December 31, 2023 2022 Common Stock Warrants 2,000,000 2,000,000 Placement Agent Warrants 80,000 80,000 Series A Warrants 14,450,069 14,450,069 Unvested Common Stock Grants 760,995 349,042 Total potentially dilutive shares 17,291,064 16,879,111 Income (Loss) per Common Share. Basic income (loss) per common share (Basic EPS) is computed by dividing net income (loss) available to common shareholders (Numerator) by the weighted average number of common shares outstanding (Denominator) during the period. Diluted loss per common share (Diluted EPS) is not December 31, 2023 December 31, 2022
Revenue [Policy Text Block]	Sales of Real Estate Assets January 1, 2018, 610 20, 610 20” not 610 20. ASC 610 20 der ASU No. 2014 9. 610 20, not Revenue Recognition and Accounts Receivables . We recognize minimum rent, including rental abatements, lease incentives and contractual fixed increases attributable to operating leases, on a straight-line basis over the term of the related leases when collectability is reasonably assured and record amounts expected to be received in later years as deferred rent receivable. If the lease provides for tenant improvements, we determine whether the tenant improvements, for accounting purposes, are owned by the tenant or by us. When we are the owner of the tenant improvements, rental revenue begins when the tenant takes possession or has control of the physical us not not • whether the lease stipulates how a tenant improvement allowance may • whether the amount of a tenant improvement allowance is in excess of market rates; • whether the tenant or landlord retains legal title to the improvements at the end of the lease term; • whether the tenant improvements are unique to the tenant or general-purpose in nature; and • whether the tenant improvements are expected to have any residual value at the end of the lease. We record property operating expense reimbursements due from tenants for common area maintenance, real estate taxes, and other recoverable costs in the period the related expenses are incurred. We make estimates of the collectability of our tenant receivables related to base rents, including deferred rent receivable, expense reimbursements and other revenue or income. We specifically analyze accounts receivable, deferred rent receivable, historical bad debts, customer creditworthiness, current economic trends and changes in customer payment terms when evaluating the adequacy of the allowance for doubtful accounts. In addition, with respect to tenants in bankruptcy, management makes estimates of the expected recovery of pre-petition and post-petition claims in assessing the estimated collectability of the related receivable. In some cases, the ultimate resolution of these claims can exceed one not no
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 was involved in the formation of an entity considered to be a VIE, prior to September 22, 2023, 810 not Following the completion of the Murphy Canyon IPO in January 2022, 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 470 20. 480 10 S99. three March 31, 2022, September 22, 2023 9
Excise Tax Policy [Policy Text Block]	Excise Tax . 2022, January 2023. not September 22, 2023, January 2023 September 22, 2023.
Derivatives, Policy [Policy Text Block]	Warrant Instruments SPAC. 480 815, 815 40 840 no not September 22, 2023, no 9
Subsequent Events, Policy [Policy Text Block]	Subsequent Events.
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued and Adopted Accounting Pronouncements. June 2022, No. 2022 03, Fair Value Measurement of Equity Securities Subject to Contractual Sale Restrictions, 1 820, 2 3 820. not not 1. The fair value of equity securities subject to contractual sale restrictions reflected in the balance sheet, 2. The nature and remaining duration of the restriction(s), and 3. The circumstances that could cause a lapse in the restriction(s). For public business entities, the amendments in this ASU are effective for fiscal years beginning after December 15, 2023, December 15, 2024, not three September 30, 2023 September 30, 2023. In December 2023, 2023 09, Income Taxes December 15, 2024 not 2023 09 In November 2023, 2023 07, Segment Reporting 280. 280, not December 15, 2023 December 15, 2024 not 2023 07

Note 2 - Significant Accounti_2

Note 2 - Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value Measurements, Nonrecurring [Table Text Block]	Fair Value Measurements as of December 31, 2023 Level 1 Level 2 Level 3 Total Assets: Goodwill for Dubose Model Homes $ - $ - $ 1,123,000 $ 1,123,000 Goodwill for NTR Property Management - - 451,000 451,000 Total Assets $ - $ - $ 1,574,000 $ 1,574,000 Fair Value Measurements as of December 31, 2022 Level 1 Level 2 Level 3 Total Assets: Goodwill for Dubose Model Homes $ - $ - $ 1,123,000 $ 1,123,000 Goodwill for NTR Property Management - - 1,300,000 1,300,000 Total Assets $ - $ - $ 2,423,000 $ 2,423,000
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share [Table Text Block]	For the Year Ended December 31, 2023 2022 Common Stock Warrants 2,000,000 2,000,000 Placement Agent Warrants 80,000 80,000 Series A Warrants 14,450,069 14,450,069 Unvested Common Stock Grants 760,995 349,042 Total potentially dilutive shares 17,291,064 16,879,111

Note 4 - Real Estate Assets (Ta

Note 4 - Real Estate Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Date Real estate assets, net Property Name Acquired Location December 31, 2023 December 31, 2022 Genesis Plaza (1) August 2010 San Diego, CA $ 7,542,725 $ 7,995,980 Dakota Center May 2011 Fargo, ND 9,201,883 8,569,537 Grand Pacific Center (2) March 2014 Bismarck, ND 8,274,454 5,228,006 Arapahoe Center December 2014 Centennial, CO 9,341,991 8,664,604 Union Town Center December 2014 Colorado Springs, CO 8,918,742 9,039,039 West Fargo Industrial August 2015 Fargo, ND 6,819,765 6,893,292 300 N.P. August 2015 Fargo, ND 2,774,176 2,899,694 Research Parkway August 2015 Colorado Springs, CO 2,266,173 2,319,588 One Park Center (3) August 2015 Westminster, CO 5,700,000 7,991,809 Shea Center II (4) December 2015 Highlands Ranch, CO 19,367,289 19,501,998 Mandolin (5) August 2021 Houston, TX 4,692,274 4,783,985 Baltimore December 2021 Baltimore, MD 8,466,165 8,690,874 Presidio Property Trust, Inc. properties 93,365,637 92,578,406 Model Home properties (6) 2017 2023 AZ, FL, IL, TX, WI 50,790,147 37,933,824 Total real estate assets and lease intangibles, net $ 144,155,784 $ 130,512,230

Note 5 - Lease Intangibles (Tab

Note 5 - Lease Intangibles (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Finite-Lived Intangible Assets [Table Text Block]	December 31, 2023 December 31, 2022 Lease Intangibles Accumulated Amortization Lease Intangibles, net Lease Intangibles Accumulated Amortization Lease Intangibles, net In-place leases $ 2,515,264 $ (2,495,016 ) $ 20,248 $ 2,515,264 $ (2,485,234 ) $ 30,030 Leasing costs 1,261,390 (1,244,335 ) 17,055 1,261,390 (1,236,591 ) 24,799 Above-market leases 333,485 (333,485 ) — 333,485 (333,485 ) — $ 4,110,139 $ (4,072,836 ) $ 37,303 $ 4,110,139 $ (4,055,310 ) $ 54,829
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	2024 17,526 2025 15,670 2026 4,107 Total $ 37,303

Note 6 - Other Assets (Tables)

Note 6 - Other Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Other Assets [Table Text Block]	December 31, December 31, 2023 2022 Deferred rent receivable $ 1,973,887 $ 1,641,831 Accounts receivable, net 694,869 67,780 Prepaid expenses, deposits and other 349,160 619,621 Notes receivable 316,374 316,374 Investment in marketable securities (not including Conduit) 45,149 797,749 Right-of-use assets, net 15,649 45,843 Deferred offering costs 5,000 — Other intangibles, net — 22,483 Total other assets $ 3,400,088 $ 3,511,681

Note 7 - Mortgage Notes Payab_2

Note 7 - Mortgage Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Debt [Table Text Block]	Principal as of December 31, December 31, Loan Interest Mortgage note property 2023 2022 Type Rate (1) Maturity Dakota Center (2) 9,197,346 9,442,976 Fixed 4.74 % 7/6/2024 Research Parkway 1,588,742 1,648,237 Fixed 3.94 % 1/5/2025 Arapahoe Service Center 7,426,088 7,602,273 Fixed 4.34 % 1/5/2025 Union Town Center 7,870,468 8,025,300 Fixed 4.28 % 1/5/2025 One Park Centre 6,043,882 6,163,177 Fixed 4.77 % 9/5/2025 Genesis Plaza 5,937,251 6,055,682 Fixed 4.71 % 9/6/2025 Shea Center II 16,951,095 17,229,573 Fixed 4.92 % 1/5/2026 West Fargo Industrial (3) 3,922,829 4,030,297 Fixed 6.70 % 8/5/2029 Grand Pacific Center (4) 5,470,305 3,496,330 Fixed 6.35 % 5/5/2033 Baltimore 5,670,000 5,670,000 Fixed 4.67 % 4/6/2032 Mandolin 3,573,201 3,635,362 Fixed 4.35 % 4/20/2029 Subtotal, Presidio Property Trust, Inc. Properties $ 73,651,207 $ 72,999,207 Model Home mortgage notes (5) 34,815,699 24,752,448 Fixed 2023 2028 Mortgage Notes Payable $ 108,466,906 $ 97,751,655 Unamortized loan costs (753,633 ) (852,956 ) Mortgage Notes Payable, net $ 107,713,273 $ 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 2024 $ 10,403,266 $ 13,088,440 $ 23,491,706 2025 28,772,504 10,404,945 39,177,449 2026 16,648,942 300,081 16,949,023 2027 294,780 300,081 594,861 2028 310,560 8,330,316 8,640,876 Thereafter 17,221,155 2,391,836 19,612,991 Total $ 73,651,207 $ 34,815,699 $ 108,466,906

Note 10 - Stockholders' Equity

Note 10 - Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 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 September 30 0.023 0.020 December 31 0.023 0.021 Total $ 0.091 $ 0.252 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 July 0.19531 0.19531 August 0.19531 0.19531 September 0.19531 0.19531 October 0.19531 0.19531 November 0.19531 0.19531 December 31 0.19531 0.19531 Total $ 2.34372 $ 2.34372

Note 11 - Share-based Incenti_2

Note 11 - Share-based Incentive Plan (Tables)	12 Months Ended
	Dec. 31, 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 (137,309 ) Vested (457,168 ) Balance at December 31, 2023 760,995

Note 12 - Segments (Tables)

Note 12 - Segments (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Year Ended December 31, 2023 2022 Office/Industrial Properties: Rental, fees and other income $ 11,648,034 $ 12,702,986 Property and related expenses (7,264,029 ) (5,148,110 ) Net operating income, as defined 4,384,005 7,554,876 Model Home Properties: Rental, fees and other income 4,132,130 2,909,871 Property and related expenses (588,477 ) (102,660 ) Net operating income, as defined 3,543,653 2,807,211 Retail Properties: Rental, fees and other income 1,884,330 2,224,479 Property and related expenses (537,389 ) (663,681 ) Net operating income, as defined 1,346,941 1,560,798 Reconciliation to net income: Total net operating income, as defined, for reportable segments 9,274,599 11,922,885 Goodwill impairment (849,000 ) — General and administrative expenses (6,790,432 ) (6,163,816 ) Depreciation and amortization (5,425,739 ) (5,465,015 ) Interest expense (5,004,889 ) (4,712,487 ) Gain on marketable securities 1,414,420 2,018,847 Loss on Conduit marketable securities (23,359,774 ) — Gain on deconsolidation of SPAC 40,321,483 — Other income, net 20,878 21,075 Income tax expense 335,780 (1,215,873 ) Gain on sale of real estate 3,240,200 5,079,912 Net income $ 13,177,526 $ 1,485,528
Reconciliation of Assets from Segment to Consolidated [Table Text Block]	December 31, December 31, Assets by Reportable Segment: 2023 2022 Office/Industrial Properties: Land, buildings and improvements, net (1) $ 77,472,724 $ 76,400,983 Total assets (2) $ 78,140,372 $ 79,057,998 Model Home Properties: Land, buildings and improvements, net (1) $ 50,790,147 $ 37,933,824 Total assets (2) $ 51,456,292 $ 35,274,545 Retail Properties: Land, buildings and improvements, net (1) $ 15,877,190 $ 16,142,613 Total assets (2) $ 16,539,399 $ 16,810,627 Reconciliation to Total Assets: Total assets for reportable segments $ 146,136,063 $ 131,143,170 Other unallocated assets: Cash, cash equivalents and restricted cash 277,143 8,570,121 Other assets, net 29,549,432 151,638,363 Total Assets $ 175,962,638 $ 291,351,654
Segment, Reconciliation of Other Items from Segments to Consolidated [Table Text Block]	For the Year Ended December 31, Capital Expenditures by Reportable Segment 2023 2022 Office/Industrial Properties: Capital expenditures and tenant improvements, office $ 6,512,594 $ 1,994,371 Model Home Properties: Acquisition of operating properties, model home 21,909,963 15,673,575 Retail Properties: Capital expenditures and tenant improvements, retail 150,522 113,134 Totals: Acquisition of operating properties, net 21,909,963 15,673,575 Capital expenditures and tenant improvements 6,663,116 2,107,505 Total real estate investments $ 28,573,079 $ 17,781,080

Note 13 - Income Tax Provision

Note 13 - Income Tax Provision (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	December 31, 2023 December 31, 2022 Current income tax expense (benefit) Federal $ 100,036 $ 20,265 State (89,054 ) 1,195,608 Total current income tax expense (benefit) 10,982 1,215,873 Deferred income tax expense (benefit) Federal (289,480 ) 211,627 State (57,282 ) - Total deferred income tax expense (benefit) (346,762 ) 211,627 Change in Valuation Allowance - (211,627 ) Total income tax (benefit) expense $ (335,780 ) $ 1,215,873
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	December 31, 2023 December 31, 2022 Taxes at federal statutory rate $ 2,696,767 $ 567,294 State Taxes 21,821 1,195,608 REIT entities not subject to tax 1,445,837 - Pass through entities not subject to tax (2,135,580 ) Deconsolidation adjustment (1,303,720 ) - Non-controlling interest (636,527 ) (758,656 ) True Up Adjustment (424,378 ) - Change In Valuation Allowance - 211,627 Total income tax (benefit) expense $ (335,780 ) $ 1,215,873
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	For The Years Ended 2023 2022 Deferred Tax Assets Deferred Revenue $ 42,792 - State Taxes 781 - Fixed Asset 278,646 - Start up costs 24,543 211,627 Total deferred tax asset 346,762 211,627 Deferred Tax Liabilities Basis difference in investments - - Net deferred tax assets 346,762 211,627 Valuation allowance - (211,627 ) Net deferred tax assets (liability) $ 346,762 $ -

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation and Amortization (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, by Property [Table Text Block]	All amounts are in thousands Initial Cost Total Cost (1 ) Property Name/ Location Encumbrances Land Cost Building & Improvements Acquisition Price Capitalized Improvements Land Cost Building & Improvements Total Cost Accumulated Depreciation & Amortization Reserve for Impairment NBV Real Estate Date Acquired Year Built/ Renovated Genesis Plaza, San Diego, CA $ 5,937 $ 1,400 $ 8,600 $ 10,000 $ 3,169 $ 1,400 $ 11,769 $ 13,169 $ 5,626 $ — $ 7,543 08/10 1989 Dakota Center, Fargo, ND 9,197 832 8,743 9,575 4,228 832 12,971 13,803 4,601 — 9,202 05/11 1982 Grand Pacific Center, Bismarck, ND 5,470 413 4,926 5,339 5,206 413 10,407 10,820 2,546 — 8,274 03/14 1976 Arapahoe Center, Centennial, CO 7,426 1,420 10,430 11,850 1,601 1,420 12,031 13,451 4,109 — 9,342 12/14 2000 West Fargo Industrial, Fargo, ND 3,923 1,693 6,207 7,900 657 1,693 6,864 8,557 1,737 — 6,820 08/15 1998/2005 300 N.P., Fargo, ND — 135 3,715 3,850 371 135 4,086 4,221 1,139 308.0 2,774 08/15 1922/2004 One Park Centre, Westminster, CO 6,044 1,206 7,944 9,150 2,070 1,206 10,014 11,220 3,553 1,966.1 5,700 08/15 1983 Shea Center II, Highlands Ranch, CO 16,951 2,214 23,747 25,961 3,451 2,214 27,198 29,412 10,044 — 19,368 12/15 2000 McElderry, Baltimore, MD 5,670 215 8,677 8,892 29 215 8,705 8,920 454 8,466 12/20 2006 Total Office/ Industrial properties 60,619 9,528 82,989 92,517 20,781 9,528 104,045 113,573 33,810 2,274.1 77,489 - Union Town Center, Colorado Springs, CO 7,870 1,750 9,462 11,212 317 1,750 9,779 11,529 2,610 — 8,919 12/14 2003 Research Parkway, Colorado Springs, CO 1,589 408 2,442 2,850 (37 ) 408 2,405 2,813 547 — 2,266 08/16 2003 Mandolin, Houston, TX 3,573 1,330 3,562 4,892 15 1,330 3,577 4,907 214 — 4,693 08/21 2021 Total Retail properties 13,032 3,488 15,466 18,954 295 3,488 15,761 19,249 3,371 — 15,878 - Model Homes-DMH LP #202 269 83 400 483 — 83 400 483 64 — 419 2017 2018 2017 Model Homes-DMH LP #203 643 202 858 1,060 — 202 858 1,060 96 — 964 2017 2019 2019 Model Homes-DMH LP #204 940 278 1,286 1,564 — 278 1,286 1,564 137 — 1,427 2018 2020 2018 2020 Model Homes-DMH LP #205 2,762 791 3,732 4,523 — 791 3,732 4,523 380 — 4,142 2019 2020 2019 2020 Model Homes-DMH LP #206 1,416 289 2,002 2,292 — 289 2,002 2,292 158 — 2,133 2020 2021 2020 2021 Model Homes-DMH LP #207 5,065 1,323 5,938 7,262 — 1,323 5,938 7,262 17 — 7,244 2023 2023 Model Homes-NMH Inc. 24,270 5,679 30,262 35,941 — 5,679 30,262 35,941 1,050 432.0 34,460 2018 2022 2018 2023 Total Model Home properties 35,363 8,646 44,478 53,124 — 8,646 44,478 53,124 1,902 432.0 50,789 — CONSOLIDATED TOTALS: $ 109,014 $ 21,662 $ 142,933 $ 164,595 $ 21,076 $ 21,662 $ 164,284 $ 185,946 $ 39,083 $ 2,706 $ 144,156
Schedule of Investment in Real Estate and Accumulated Depreciation [Table Text Block]	For the Year Ended December 31, 2023 2022 Real estate Balance at the beginning of the year $ 165,316,008 $ 171,013,693 Acquisitions 21,909,963 15,673,575 Improvements 6,663,116 2,107,503 Impairments (2,398,097.0 ) — Dispositions of real estate (8,252,089 ) (23,478,763 ) Balance at the end of the year $ 183,238,901 $ 165,316,008 Accumulated depreciation and amortization Balance at the beginning of the year $ (34,803,778 ) $ (32,948,757 ) Depreciation and amortization expense (4,925,463 ) (5,015,491 ) Dispositions of real estate 646,124 3,160,470 Balance at the end of the year $ (39,083,117 ) $ (34,803,778 ) Real estate assets, net $ 144,155,784 $ 130,512,230

Note 1 - Organization and Bas_2

Note 1 - Organization and Basis of Presentation (Details Textual)	12 Months Ended
	Dec. 31, 2023 USD ($) ft²	Dec. 31, 2022 USD ($) ft²
Number of Limited Liability Companies	2
Number of Limited Partnerships in which Company is Sole General Partner	5
Long-Term Debt, Maturity, Year One	$ 23,491,706
Number of Reportable Segments	3
Restricted Cash	$ 3,700,000	$ 4,400,000
Customer Concentration Risk [Member] | Rental Income [Member]
Number of Tenants	1	1
Customer Concentration Risk [Member] | Rental Income [Member] | One Tenant [Member]
Concentration Risk, Percentage	6.43%	8.57%
Mortgage Notes [Member]
Long-Term Debt, Maturity, Year One	$ 23,500,000
Model Home Properties [Member]
Number of Limited Partnerships in which Company is Sole General Partner	6
Commercial Property [Member]
Number of Real Estate Properties, Fee Simple	12
Commercial Property [Member] | Partially Owned Properties [Member]
Number of Real Estate Properties, Fee Simple	2
Model Home Properties [Member] | Mortgage Notes [Member]
Long-Term Debt, Maturity, Year One	$ 13,100,000
Shea Center II [Member]
Restricted Cash	$ 1,100,000	$ 1,100,000
Area of Real Estate Property (Square Foot) | ft²	45,535	45,535

Note 2 - Significant Accounti_3

Note 2 - Significant Accounting Policies (Details Textual)		1 Months Ended	12 Months Ended
	Sep. 22, 2023 shares	Jan. 31, 2023 USD ($)	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares
Amortization of above and below Market Leases			$ 5,000	$ 55,000
Impairment of Real Estate			2,398,097	0
Goodwill			1,574,000	2,423,000
Goodwill and Intangible Asset Impairment				0
Depreciation, Depletion and Amortization, Nonproduction			5,425,739	5,465,015
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents			6,510,428	16,516,725
Cash, Uninsured Amount			700,000	8,800,000
Restricted Cash			3,700,000	4,400,000
Accounts Receivable, Allowance for Credit Loss			92,000	138,000
Deferred Costs			1,700,000	1,500,000
Operating Lease, Initial Direct Cost Expense, over Term			500,000	400,000
Amortization of Debt Issuance Costs			345,880	240,090
Unamortized Deferred Stock Costs			5,000
Deferred Offering Costs			$ 5,000	0
Percentage of Distributed Taxable Income to Qualify as REIT			90%
Marketable Securities				797,749
Marketable Securities, Cost Basis			$ 40,315	900,000
Equity Securities, FV-NI			18,318,521	0
Equity Securities, FV-NI, Cost			7,500,000
Liabilities, Fair Value Disclosure			$ 0	$ 0
Earnings Per Share, Basic (in dollars per share) | $ / shares			$ 0.68	$ (0.57)
Excise Tax Liability on Spac Redemptions, Percentage		1%
Excise Tax Liability on Spac Redemptions, Amount		$ 1,140,683
Conduit Pharmaceuticals Inc [Member]
Stock Issued During Period, Shares, Acquisitions (in shares) | shares	65,000,000
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]
Marketable Securities			45,149	$ 800,000
Cash Equivalents, at Carrying Value			0	136,900,000
Domestic Tax Authority [Member]
Operating Loss Carryforwards			18,000,000
Polar Multi-Strategy Master Fund [Member] | Notes Payable to Banks [Member]
Debt Issuance Costs, Net			800,000	900,000
Amortization of Debt Issuance Costs			$ 300,000	$ 200,000
Building [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			39 years
NTR Property Management [Member]
Goodwill, Gross			$ 1,300,000
Goodwill			451,000
Goodwill, Fair Value Disclosure			$ 451,000
Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties			22	31
Proceeds from Sale of Real Estate			$ 11,700,000	$ 17,500,000
Gain (Loss) on Sale of Properties			$ 3,200,000	5,400,000
Commercial Property [Member]
Number of Model Homes, Held for Sale			0
Number of Real Estate Properties			12
Model Home Properties [Member]
Number of Model Homes, Held for Sale			15
Impairment of Real Estate			$ 400,000
Model Home Properties [Member] | Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties			8
One Park Centre [Member]
Impairment of Real Estate			$ 2,000,000
Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			5 years
Maximum [Member] | Building [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			39 years
Maximum [Member] | Leasehold Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			10 years
Maximum [Member] | Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			5 years
Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			1 year
Minimum [Member] | Leasehold Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			1 year
Minimum [Member] | Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			4 years
Lease Intangibles [Member]
Amortization of Intangible Assets			$ 18,000	200,000
Lease Intangibles [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)			10 years
Finite-lived Intangibles, Other Than Lease Intangibles [Member]
Amortization of Intangible Assets			$ 10,000	$ 100,000
Intangible Associated With NTR Property Management [Member]
Impairment of Intangible Assets (Excluding Goodwill)			$ 800,000
Murphy Canyon Acquisition Sponsor, LLC (SPAC) [Member]
Subsidiary, Ownership Percentage, Parent			65%

Note 2 - Significant Accounti_4

Note 2 - Significant Accounting Policies - Assets Measured on a Nonrecurring Basis (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
NTR Property Management [Member]
Goodwill	$ 451,000
Fair Value, Nonrecurring [Member]
Total Assets	1,574,000	$ 2,423,000
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 1 [Member]
Total Assets	0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 2 [Member]
Total Assets	0	0
Fair Value, Nonrecurring [Member] | Fair Value, Inputs, Level 3 [Member]
Total Assets	1,574,000	2,423,000
Fair Value, Nonrecurring [Member] | Dubose Model Homes [Member]
Goodwill	1,123,000	1,123,000
Fair Value, Nonrecurring [Member] | Dubose Model Homes [Member] | Fair Value, Inputs, Level 1 [Member]
Goodwill	0	0
Fair Value, Nonrecurring [Member] | Dubose Model Homes [Member] | Fair Value, Inputs, Level 2 [Member]
Goodwill	0	0
Fair Value, Nonrecurring [Member] | Dubose Model Homes [Member] | Fair Value, Inputs, Level 3 [Member]
Goodwill	1,123,000	1,123,000
Fair Value, Nonrecurring [Member] | NTR Property Management [Member]
Goodwill	451,000	1,300,000
Fair Value, Nonrecurring [Member] | NTR Property Management [Member] | Fair Value, Inputs, Level 1 [Member]
Goodwill	0	0
Fair Value, Nonrecurring [Member] | NTR Property Management [Member] | Fair Value, Inputs, Level 2 [Member]
Goodwill	0	0
Fair Value, Nonrecurring [Member] | NTR Property Management [Member] | Fair Value, Inputs, Level 3 [Member]
Goodwill	$ 451,000	$ 1,300,000

Note 2 - Significant Accounti_5

Note 2 - Significant Accounting Policies - Antidilutive Securities (Details) - shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Antidilutive securities (in shares)	17,291,064	16,879,111
Common Stock Warrants [Member]
Antidilutive securities (in shares)	2,000,000	2,000,000
Placement Agent Warrants [Member]
Antidilutive securities (in shares)	80,000	80,000
Series A Warrants [Member]
Antidilutive securities (in shares)	14,450,069	14,450,069
Unvested Common Stock Grants [Member]
Antidilutive securities (in shares)	760,995	349,042

Note 3 - Recent Real Estate T_2

Note 3 - Recent Real Estate Transactions (Details Textual) $ in Millions		12 Months Ended
	Mar. 11, 2022 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Discontinued Operations, Disposed of by Sale [Member]
Number of Real Estate Properties		22	31
Proceeds from Sale of Real Estate		$ 11.7	$ 17.5
Gain (Loss) on Sale of Properties		$ 3.2	$ 5.4
Model Home [Member]
Number of Real Estate Properties		40	31
Real Estate Property, Consideration Transferred, Total		$ 21.9	$ 15.6
Payments to Acquire Residential Real Estate		6.6	4.8
Model Home [Member] | Mortgage Notes [Member]
Notes Payable		$ 15.3	$ 10.8
World 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)		12 Months Ended
	Dec. 07, 2022 USD ($) ft²	Dec. 31, 2023 USD ($) ft² a	Dec. 31, 2022 USD ($) ft²	May 05, 2023 ft²
Number of States Real Estate Property is Located		3
Number of Limited Partnerships in which Company is Sole General Partner		5
Number of Limited Liability Companies		2
Impairment of Real Estate		$ 2,398,097	$ 0
Restricted Cash		$ 3,700,000	$ 4,400,000
NetREIT Palm Self-Storage LP [Member]
Subsidiary, Ownership Percentage, Parent		61.30%
Office/Industrial Properties [Member]
Area of Real Estate Property (Square Foot) | a		758,175
Retail Properties [Member]
Area of Real Estate Property (Square Foot) | ft²		65,242
Model Home [Member]
Number of Real Estate Properties		110
Number of Limited Partnerships in which Company is Sole General Partner		6
Number of Limited Liability Companies		1
Office Building [Member] | Office/Industrial Properties [Member]
Number of Real Estate Properties		1
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%
Percentage Beneficial Ownership in Property		76.40%
Grand Pacific Center [Member]
Area of Real Estate Property (Square Foot) | ft²	33,296			33,296
Sale Leaseback Transaction, Annual Rental Payments	$ 532,736
One Park Centre [Member]
Impairment of Real Estate		$ 2,000,000
Shea Center II [Member]
Area of Real Estate Property (Square Foot) | ft²		45,535	45,535
Real Estate Property, Current Base Annual Rent			$ 536,080
Restricted Cash		$ 1,100,000	$ 1,100,000
Model Home [Member]
Number of Real Estate Properties		40	31
Model Home [Member] | Discontinued Operations, Held-for-Sale [Member]
Number of Real Estate Properties		8
Impairment of Real Estate		$ 400,000
Office Buildings [Member] | Office/Industrial Properties [Member]
Number of Real Estate Properties		8
Retail Site [Member] | Retail Properties [Member]
Number of Real Estate Properties		3
COLOMBIA
Number of Real Estate Properties		5
NORTH DAKOTA
Number of Real Estate Properties		4
CALIFORNIA
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 ($)		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Real estate assets owned		$ 144,155,784	$ 130,512,230
Genesis Plaza [Member]
Geographic location	[1]	San Diego, CA
Real estate assets owned	[1]	$ 7,542,725	7,995,980
Dakota Center [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 9,201,883	8,569,537
Grand Pacific Center [Member]
Geographic location	[2]	Bismarck, ND
Real estate assets owned	[2]	$ 8,274,454	5,228,006
Arapahoe Center [Member]
Geographic location		Centennial, CO
Real estate assets owned		$ 9,341,991	8,664,604
Union Town Center [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 8,918,742	9,039,039
West Fargo Industrial [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 6,819,765	6,893,292
The 300 N.P [Member]
Geographic location		Fargo, ND
Real estate assets owned		$ 2,774,176	2,899,694
Research Parkway [Member]
Geographic location		Colorado Springs, CO
Real estate assets owned		$ 2,266,173	2,319,588
One Park Centre [Member]
Geographic location	[3]	Westminster, CO
Real estate assets owned	[3]	$ 5,700,000	7,991,809
Shea Center II [Member]
Geographic location	[4]	Highlands Ranch, CO
Real estate assets owned	[4]	$ 19,367,289	19,501,998
Mandolin [Member]
Geographic location	[5]	Houston, TX
Real estate assets owned	[5]	$ 4,692,274	4,783,985
Baltimore [Member]
Geographic location		Baltimore, MD
Real estate assets owned		$ 8,466,165	8,690,874
Presidio Property Trust, Inc. Properties [Member]
Real estate assets owned		$ 93,365,637	92,578,406
Model Home Properties [Member]
Geographic location	[6]	AZ, FL, IL, TX, WI
Real estate assets owned	[6]	$ 50,790,147	$ 37,933,824
[1]Genesis Plaza is owned by two tenants-in-common, each of which own 57% and 43%, respectively, and we beneficially own an aggregate of 76.4%, based on our ownership percentages of each tenant-in-common.[2]Grand Pacific Center, Bismarck, ND, was removed from held for sale after signing a major lease with KLJ Engineering on December 7, 2022 for approximately 33,296 usable square feet, a term of 122 months, and starting annualized rent of $532,736. KLJ Engineering moved into the building during December 2023, with rent commencing on February 28, 2024.[3]During the year ended December 31, 2023, we recorded a $2.0 million impairment charge for One Park Center that reflects management’s revised estimate of the fair market value based on sales comparable of like property in the same geographical area as well as an evaluation of future cash flows or an executed purchase sale agreement.[4]On December 31, 2022, the lease for our largest tenant, Halliburton, expired. Halliburton was located in our Shea Center II property in Colorado, and made up approximately 536,080 of our annual base rent. Halliburton did not renew the lease and we placed approximately $1.1 million in a reserve account with our lender to cover future mortgage payments, if necessary, none of which as been used as of December 31, 2023. Our management team is working to fill the 45,535 square foot space and has leased approximately 20% of the space to a tenant during 2023 and has reviewed various proposal for the remaining 80%. As of December 31, 2023, none of the third party proposals have fit into our long-term plans. We will continue to work on filling the space during the 2024.[5]A portion of the proceeds from the sale of Highland Court were used in like-kind exchange transactions pursued under Section 1031 of the Code for the acquisition of our Mandolin property. Mandolin is owned by NetREIT Palm Self-Storage LP, through its wholly owned subsidiary NetREIT Highland LLC, and the Company is the sole general partner and owns 61.3% of NetREIT Palm Self-Storage LP.[6]Includes Model Homes listed as held for sale as of December 31, 2023. During the year ended December 31, 2023 we recorded a $0.4 million impairment charge for eight model homes that reflects the estimated sales prices for these specific model homes in 2024 as a result of an abnormally short hold period, less than two years, on model homes purchased in 2022, where the builder changed their product type in these neighborhoods after we had purchased the homes.

Note 5 - Lease Intangibles (Det

Note 5 - Lease Intangibles (Details Textual) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Finite-Lived Intangible Assets, Gross, Total	$ 4,110,139	$ 4,110,139
Below Market Lease, Net	13,266	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 ($)	Dec. 31, 2023	Dec. 31, 2022
Lease intangibles, gross	$ 4,110,139	$ 4,110,139
Accumulated Amortization	(4,072,836)	(4,055,310)
Lease Intangibles, net	37,303	54,829
Leases, Acquired-in-Place [Member]
Lease intangibles, gross	2,515,264	2,515,264
Accumulated Amortization	(2,495,016)	(2,485,234)
Lease Intangibles, net	20,248	30,030
Leasing Costs [Member]
Lease intangibles, gross	1,261,390	1,261,390
Accumulated Amortization	(1,244,335)	(1,236,591)
Lease Intangibles, net	17,055	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 ($)	Dec. 31, 2023	Dec. 31, 2022
2024	$ 17,526
2025	15,670
2026	4,107
Total	$ 37,303	$ 54,829

Note 6 - Other Assets (Details

Note 6 - Other Assets (Details Textual)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Number of Publicly Traded REITs in which Common Shares are Owned	3	18
Number of Publicly Traded REITs in which Options are Owned	0	3
Investments, Fair Value Disclosure	$ 45,149	$ 798,206
Marketable Securities		797,749
Marketable Securities, Real Estate Investment Trust [Member] | Covered Call Option Contract [Member]
Derivative, Fair Value, Net, Total		$ 457

Note 6 - Other Assets - Other A

Note 6 - Other Assets - Other Assets (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Investment in marketable securities (not including Conduit)		$ 797,749
Deferred offering costs	$ 5,000	0
Total other assets	31,806,854	23,968,241
Other Assets [Member]
Deferred rent receivable	1,973,887	1,641,831
Accounts receivable, net	694,869	67,780
Prepaid expenses, deposits and other	349,160	619,621
Notes receivable	316,374	316,374
Investment in marketable securities (not including Conduit)	45,149	797,749
Right-of-use assets, net	15,649	45,843
Other intangibles, net	0	22,483
Total other assets	$ 3,400,088	$ 3,511,681

Note 7 - Mortgage Notes Payab_3

Note 7 - Mortgage Notes Payable (Details Textual) $ in Millions	May 05, 2023 USD ($) ft²	Dec. 31, 2023 USD ($)	Aug. 05, 2023	Dec. 07, 2022 ft²
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
Loans Payable		$ 1.7
Model Home [Member]
Number of Real Estate Properties Held for Sale		15
Model Home [Member] | Mortgage Notes [Member]
Debt Instrument, Interest Rate, Stated Percentage			6.70%
Debt Instrument, Covenant, Minimum Fixed Charge Coverage Ratio		1.1
Model Home [Member] | Mortgage Notes [Member] | Minimum [Member]
Debt Instrument, Interest Rate, Stated Percentage		2.68%
Model Home [Member] | Mortgage Notes [Member] | Maximum [Member]
Debt Instrument, Interest Rate, Stated Percentage		7.12%
Grand Pacific Center [Member]
Area of Real Estate Property (Square Foot) | ft²	33,296			33,296

Note 7 - Mortgage Notes Payab_4

Note 7 - Mortgage Notes Payable - Mortgage Notes Payable (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Mortgage Notes Payable, net		$ 107,713,273	$ 96,898,699
Mortgage Notes [Member]
Mortgage Notes Payable		108,466,906	97,751,655
Unamortized loan costs		(753,633)	(852,956)
Mortgage Notes [Member] | Dakota Center [Member]
Mortgage Notes Payable	[1]	$ 9,197,346	9,442,976
Interest rate	[1],[2]	4.74%
Mortgage Notes [Member] | Research Parkway [Member]
Mortgage Notes Payable		$ 1,588,742	1,648,237
Interest rate	[2]	3.94%
Mortgage Notes [Member] | Arapahoe Center [Member]
Mortgage Notes Payable		$ 7,426,088	7,602,273
Interest rate	[2]	4.34%
Mortgage Notes [Member] | Union Town Center [Member]
Mortgage Notes Payable		$ 7,870,468	8,025,300
Interest rate	[2]	4.28%
Mortgage Notes [Member] | One Park Centre [Member]
Mortgage Notes Payable		$ 6,043,882	6,163,177
Interest rate	[2]	4.77%
Mortgage Notes [Member] | Genesis Plaza [Member]
Mortgage Notes Payable		$ 5,937,251	6,055,682
Interest rate	[2]	4.71%
Mortgage Notes [Member] | Shea Center II [Member]
Mortgage Notes Payable		$ 16,951,095	17,229,573
Interest rate	[2]	4.92%
Mortgage Notes [Member] | West Fargo Industrial [Member]
Mortgage Notes Payable	[3]	$ 3,922,829	4,030,297
Interest rate	[2],[3]	6.70%
Mortgage Notes [Member] | Grand Pacific Center [Member]
Mortgage Notes Payable	[4]	$ 5,470,305	3,496,330
Interest rate	[2],[4]	6.35%
Mortgage Notes [Member] | Baltimore [Member]
Mortgage Notes Payable		$ 5,670,000	5,670,000
Interest rate	[2]	4.67%
Mortgage Notes [Member] | Mandolin [Member]
Mortgage Notes Payable		$ 3,573,201	3,635,362
Interest rate	[2]	4.35%
Mortgage Notes [Member] | Subtotal, Presidio Property Trust, Inc. Properties [Member]
Mortgage Notes Payable		$ 73,651,207	72,999,207
Mortgage Notes [Member] | Model Home [Member]
Mortgage Notes Payable	[5]	$ 34,815,699	$ 24,752,448
[1]The loan on Dakota Center matures in July 2024 and Management has reached out to the lender seeking an extension and additional provision to change the terms of the loan and maturity date. We have also inquired with other lenders to refinance the property. If we are unsuccessful in refinancing the property or changing the terms of the original loan, Management would consider selling the property and paying the loan in full or surrendering the property to the current lender.[2]Interest rates as of December 31, 2023.[3]On August 5, 2023, the lender increased the interest rate to 6.70%. The loan agreement states that the lender may, upon not less than sixty (60) days prior, give written notice to the Company to increase the interest rate effective on 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).[4]On May 5, 2023, the Company, through its subsidiary, refinanced the mortgage loan on our Grand Pacific Center property and entered into a construction loan related to the tenant improvement associated with the KLJ Engineering LLC lease to occupy 33,296 square feet of the building. The refinanced loan is for approximately $3.8 million, a term of 10 years, with an interest rate of 6.35%, for the first 60 months. The interest rate is subject to reset in year five. The construction loan is for approximately $2.7 million, a term of 10 years, and will begin amortizing in year three, with an interest rate of 6.35%, for the first 60 months. The interest rate is subject to reset in year five. As of December 31, 2023, we had drawn down approximately $1.7 million on the construction loan.[5]As of December 31, 2023, there were 15 model homes included as real estate assets held for sale. Our model homes have stand-alone mortgage notes at interest rates ranging from 2.68% to 7.12% per annum as of December 31, 2023.

Note 7 - Mortgage Notes Payab_5

Note 7 - Mortgage Notes Payable - Scheduled Principal Payments of Mortgage Notes Payable (Details)	Dec. 31, 2023 USD ($)
2024	$ 23,491,706
2025	39,177,449
2026	16,949,023
2027	594,861
2028	8,640,876
Thereafter	19,612,991
Total	108,466,906
Presidio Property Trust, Inc Notes Payable [Member]
2024	10,403,266
2025	28,772,504
2026	16,648,942
2027	294,780
2028	310,560
Thereafter	17,221,155
Total	73,651,207
Model Home Properies Notes Payable [Member]
2024	13,088,440
2025	10,404,945
2026	300,081
2027	300,081
2028	8,330,316
Thereafter	2,391,836
Total	$ 34,815,699

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. 31, 2023	Dec. 20, 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					$ 500,000
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					5.55%
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) - USD ($)						1 Months Ended	3 Months Ended	6 Months Ended	12 Months Ended
	Sep. 22, 2023	Jan. 26, 2023	Feb. 07, 2022	Jan. 07, 2022	Jul. 12, 2021	Feb. 28, 2023	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Sep. 21, 2023	May 11, 2023	Mar. 01, 2023	Jun. 30, 2022
Capital Expenditures Incurred but Not yet Paid									$ 1,200,000
Deconsolidation, Gain (Loss), Amount									40,321,483	$ 0
Equity Securities, FV-NI							$ 18,318,521		18,318,521	0
Equity Securities, FV-NI, Cost							7,500,000		$ 7,500,000
Special Purpose Acquisition Company (SPAC) [Member]
Financing Receivable, before Allowance for Credit Loss	$ 1,000,000
Murphy Canyon Acquisition Sponsor, LLC [Member]
Intangible Assets, Net (Excluding Goodwill)												$ 5,000,001
Deconsolidation, Gain (Loss), Amount	6,200,000						$ 40,300,000
Deconsolidation, Revaluation of Retained Investment, Gain (Loss), Amount	$ 34,100,000
Conduit Pharmaceuticals Inc [Member]
Stock Issued During Period, Shares, New Issues (in shares)	754,000
Stock Issued During Period, Shares, Acquisitions (in shares)	65,000,000
Conduit Pharmaceuticals Inc [Member] | Director [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	45,000
Stock Issued During Period, Shares, Issued for Services (in shares)	45,000
Conduit Pharmaceuticals Inc [Member] | Private Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	754,000
Conduit Pharmaceuticals Inc [Member] | Conversion of Class B to Class A Common Stock [Member]
Stock Issued During Period, Shares, Conversion of Convertible Securities (in shares)	3,306,250
Common Class A [Member]
Stock Redeemed or Called During Period, Shares (in shares)									11,037,272
Stock Subject to Possible Redemption, Shares (in shares)													2,187,728
Stock Issued During Period, Shares, New Issues (in shares)					1,000,000
Common Class A [Member] | Conduit Pharmaceuticals Inc [Member] | Private Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	754,000
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									$ 1,200,000	$ 800,000
Annual Yield Return								0.97%
The “Merger Consideration” [Member]
Stock Redeemed or Called During Period, Shares (in shares)		11,037,272
Special Purpose Acquisition Company (SPAC) [Member]
Subsidiary, Ownership Percentage, Parent											65%
Conduit Pharmaceuticals Inc [Member]
Investment Owned, Net Assets, Percentage	6.50%						6.30%		6.30%
SPAC, Initial Public Offering [Member] | Murphy Canyon Acquisition Sponsor, LLC [Member]
Proceeds from Issuance of Common Stock			$ 132,250,000	$ 132,250,000
Subsidiary, Ownership Percentage, Parent				23.50%
Units Issued During Period, Units, New Issues (in shares)			13,225,000	132,250,000
SPAC Units, Composition, Number of Shares Per Unit (in shares)				1
SPAC, Placement Units, Number of Units Purchased (in shares)			754,000
SPAC, Placement Units, Price Per Share (in dollars per share)			$ 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

Note 10 - Stockholders' Equit_2

Note 10 - Stockholders' Equity (Details Textual)						12 Months Ended		143 Months Ended
	Jul. 12, 2021 $ / shares shares	Jun. 17, 2021 USD ($) shares	Jun. 17, 2021 USD ($) shares	Jun. 15, 2021 USD ($) $ / shares shares	Jan. 23, 2012 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 01, 2023 USD ($)	Sep. 15, 2022 USD ($)	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
Shares Issued, Price Per Share (in dollars per share) | $ / shares					$ 19
Maximum Individual Common Stock Ownership, Percentage						9.80%		9.80%
Number of Limited Partnerships in which Company is Sole General Partner						5
Registered Shares of Common Stock Pursuant to Dividend Reinvestment Plan (in shares)					3,000,000
Common Stock, Percentage of Purchase Price Per Share					95%
Payment of Sales, Commission or Dealer Manager Fee | $					$ 0
Notice Period for Amendments to Dividend Reinvestment Plan (Day)					30 days
Stock Issued During Period, Value, Dividend Reinvestment Plan | $								$ 17,400,000
Stock Issued During Period, Shares, Dividend Reinvestment Plan (in shares)								917,074
Commercial Property [Member]
Number of Real Estate Properties						12		12
Commercial Property [Member] | Partially Owned Properties [Member]
Number of Real Estate Properties						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	$ 5.5
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, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares											$ 0.17
Class of Warrant or Right, Exercised During Period (in shares)						0
Class of Warrant or Right, Number of Securities Called by Each Warrant or Right (in shares)											0.1
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
Class of Warrant or Right, Outstanding (in shares)											14,450,069
Series D Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)						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
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
Preferred Stock, Percentage of Outstanding Shares Required to Authorize Senior Ranking Stock						66.67%		66.67%
Preferred Stock, Redemption Price Per Share (in dollars per share) | $ / shares						$ 25		$ 25
Preferred Stock, Dividends Per Share, Declared (in dollars per share) | $ / shares						$ 2.34372	$ 2.34372
Payments of Dividends | $						$ 2,100,000	$ 2,200,000
Stock Repurchase Program, Authorized Amount | $									$ 4,000,000	$ 4,000,000
Stock Repurchased During Period, Shares (in shares)						23,041	6,013
Stock Repurchased, Average Cost Per Share (in dollars per share) | $ / shares						$ 15.97	$ 20.31
Stock Repurchased, Commission Per Share (in dollars per share) | $ / shares						$ 0.035	$ 0.035
Stock Repurchased During Period, Value | $						$ 200,000	$ 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 | $						$ 1,200,000	$ 3,100,000
Common Stock, Shares Authorized (in shares)						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
Common Stock, Shares, Issued (in shares)						11,859,726	11,807,893	11,859,726
Stock Repurchase Program, Authorized Amount | $									$ 6,000,000	$ 6,000,000		$ 10,000,000
Stock Repurchased During Period, Shares (in shares)							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		1,000
Common Stock, Shares, Issued (in shares)						0		0
Common Class C [Member]
Common Stock, Shares Authorized (in shares)						9,000,000		9,000,000
Common Stock, Shares, Issued (in shares)						0		0
Common Stock, Number of Entitled Votes						1		1

Note 10 - Stockholders' Equit_3

Note 10 - Stockholders' Equity - Dividends Declared (Details) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Common Class A [Member]
Cash Dividend Declared (in dollars per share)	$ 0.091	$ 0.252
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
Common Class A [Member] | Dividends Declared, September 30 [Member]
Cash Dividend Declared (in dollars per share)	0.023	0.02
Common Class A [Member] | Dividends Declared, December31 [Member]
Cash Dividend Declared (in dollars per share)	0.023	0.021
Series D Preferred Stock [Member]
Distributions Declared (in dollars per share)	2.34372	2.34372
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, December31 [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
Series D Preferred Stock [Member] | Dividends Declared, July [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, August [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, September [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, October [Member]
Distributions Declared (in dollars per share)	0.19531	0.19531
Series D Preferred Stock [Member] | Dividends Declared, November [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	12 Months Ended
	Mar. 31, 2023	Dec. 31, 2023	Dec. 31, 2022	Jun. 01, 2023	May 26, 2022	Dec. 31, 2017	Jan. 23, 2012	Dec. 31, 2006
Shares Issued, Price Per Share (in dollars per share)							$ 19
Share-Based Payment Arrangement, Expense		$ 1	$ 1.2
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount		$ 1.5	$ 1.5
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	1,100,000
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]	12 Months Ended
	Dec. 31, 2023 shares
Balance (in shares)	349,042
Granted (in shares)	1,006,430
Forfeited (in shares)	(137,309)
Vested (in shares)	(457,168)
Balance (in shares)	760,995

Note 12 - Segments (Details Tex

Note 12 - Segments (Details Textual)	12 Months Ended
	Dec. 31, 2023
Number of Reportable Segments	3

Note 12 - Segments - Operating

Note 12 - Segments - Operating Income by Segment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Rental, fees and other income	$ 17,635,614	$ 17,764,281
Property and related expenses	(5,962,918)	(5,841,396)
Goodwill impairment	(849,000)	0
General and administrative expenses	(6,790,432)	(6,163,816)
Depreciation and amortization	(5,425,739)	(5,465,015)
Interest expense	(5,004,889)	(4,712,487)
Gain on deconsolidation of SPAC (see footnote 9)	40,321,483	0
Other income, net	20,878	21,075
Income tax expense	335,780	(1,215,873)
Gain on sale of real estate	3,240,200	5,079,912
Net income	13,177,526	1,485,528
All Other Than Conduit [Member]
Gain (loss) on marketable securities	1,414,420	2,018,847
Conduit Pharmaceuticals Inc [Member]
Gain (loss) on marketable securities	(23,359,774)	0
Operating Segments [Member]
Net operating income, as defined	9,274,599	11,922,885
Office/Industrial Properties [Member] | Operating Segments [Member]
Rental, fees and other income	11,648,034	12,702,986
Property and related expenses	(7,264,029)	(5,148,110)
Net operating income, as defined	4,384,005	7,554,876
Model Home Properties [Member] | Operating Segments [Member]
Rental, fees and other income	4,132,130	2,909,871
Property and related expenses	(588,477)	(102,660)
Net operating income, as defined	3,543,653	2,807,211
Retail Properties [Member] | Operating Segments [Member]
Rental, fees and other income	1,884,330	2,224,479
Property and related expenses	(537,389)	(663,681)
Net operating income, as defined	$ 1,346,941	$ 1,560,798

Note 12 - Segments - Assets by

Note 12 - Segments - Assets by Reportable Segment (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022
Land, buildings and improvements, net		$ 144,155,784	$ 130,512,230
Total assets		175,962,638	291,351,654
Cash, cash equivalents and restricted cash		6,510,428	16,516,725
Other assets, net		31,806,854	23,968,241
Operating Segments [Member]
Total assets		146,136,063	131,143,170
Segment Reconciling Items [Member]
Total assets		175,962,638	291,351,654
Cash, cash equivalents and restricted cash		277,143	8,570,121
Other assets, net		29,549,432	151,638,363
Office/Industrial Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	77,472,724	76,400,983
Total assets	[2]	78,140,372	79,057,998
Model Home Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	50,790,147	37,933,824
Total assets	[2]	51,456,292	35,274,545
Retail Properties [Member] | Operating Segments [Member]
Land, buildings and improvements, net	[1]	15,877,190	16,142,613
Total assets	[2]	$ 16,539,399	$ 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 ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Capital expenditures and tenant improvements, office	$ 6,663,116	$ 2,107,505
Acquisition of operating properties, model home	21,909,963	15,673,575
Total real estate investments	28,573,079	17,781,080
Operating Segments [Member]
Capital expenditures and tenant improvements, office	6,663,116	2,107,505
Office/Industrial Properties [Member]
Capital expenditures and tenant improvements, office	6,512,594	1,994,371
Acquisition of operating properties, model home	21,909,963	15,673,575
Retail Properties [Member]
Capital expenditures and tenant improvements, office	150,522	113,134
Model Home [Member]
Acquisition of operating properties, model home	$ 21,909,963	$ 15,673,575

Note 13 - Income Tax Provisio_2

Note 13 - Income Tax Provision (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%
Deferred Tax Assets, Valuation Allowance	$ 0	$ 211,627
All Jurisdictions [Member]
Open Tax Year	2019 2020 2021 2022 2023
Murphy Canyon Acquisition Sponsor, LLC [Member]
Deferred Tax Assets, Valuation Allowance		$ 211,627

Note 13 - Income Tax Provisio_3

Note 13 - Income Tax Provision - Provision for Income Taxes (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal	$ 100,036	$ 20,265
State	(89,054)	1,195,608
Total current income tax expense (benefit)	10,982	1,215,873
Federal	(289,480)	211,627
State	(57,282)	0
Total deferred income tax expense (benefit)	(346,762)	211,627
Change in Valuation Allowance	0	(211,627)
Total income tax (benefit) expense	$ (335,780)	$ 1,215,873

Note 13 - Income Tax Provisio_4

Note 13 - Income Tax Provision - Reconciliation of Income Tax Provision (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Taxes at federal statutory rate	$ 2,696,767	$ 567,294
State Taxes	21,821	1,195,608
REIT entities not subject to tax	1,445,837	0
Pass through entities not subject to tax	(2,135,580)
Deconsolidation adjustment	(1,303,720)	0
Non-controlling interest	(636,527)	(758,656)
True Up Adjustment	(424,378)	0
Change In Valuation Allowance	0	211,627
Total income tax (benefit) expense	$ (335,780)	$ 1,215,873

Note 13 - Income Tax Provisio_5

Note 13 - Income Tax Provision - Deferred Tax Assets and Liabilities (Details) - USD ($)	Dec. 31, 2023	Dec. 31, 2022
Deferred Revenue	$ 42,792	$ 0
State Taxes	781	0
Fixed Asset	278,646	0
Start up costs	24,543	211,627
Total deferred tax asset	346,762	211,627
Basis difference in investments	0	0
Net deferred tax assets	346,762	211,627
Valuation allowance	0	(211,627)
Net deferred tax assets (liability)	$ 346,762	$ 0

Note 14 - Related Party Trans_2

Note 14 - Related Party Transactions (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Subsidiaries [Member] | Sublease of Corporate Headquarters [Member]
Sublease Income	$ 10,752	$ 10,752
Subsidiaries [Member] | Payroll Reimbursement [Member]
Related Party Transaction, Amounts of Transaction	154,895	143,984
Accounts Receivable, after Allowance for Credit Loss	$ 52,879	$ 12,967
Puppy Toes, Inc. [Member] | Chief Executive Officer [Member]
Ownership Percentage	100%

Note 15 - Subsequent Events (De

Note 15 - Subsequent Events (Details Textual) - Measurement Input, Share Price [Member] - Fair Value, Inputs, Level 1 [Member] - Conduit Pharmaceuticals Inc [Member]	Apr. 12, 2024	Dec. 31, 2023
Investment Company, Investment Owned, Measurement Input		4.55
Warrants and Rights Outstanding, Measurement Input		0.069
Forecast [Member]
Investment Company, Investment Owned, Measurement Input	3.18
Warrants and Rights Outstanding, Measurement Input	0.08

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation and Amortization (Details Textual)	Dec. 31, 2023
Building [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	39 years
Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	5 years
Maximum [Member] | Building [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	39 years

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Properties (Details) - USD ($)		Dec. 31, 2023		Dec. 31, 2022	Dec. 31, 2021
Encumbrances		$ 109,014,000
Land, Initial Cost		21,662,000
Building and Improvements, Initial Cost		142,933,000
Acquisition Price		164,595,000
Capitalized Improvements		21,076,000
Land Cost, Total Cost		21,662,000
Building & Improvements, Total Cost		164,284,000
Total cost		185,946,000
Accumulated Depreciation & Depreciation		39,083,117	[1]	$ 34,803,778	$ 32,948,757
Reserve for Impairment		2,706,000
NBV Real Estate		144,156,000
Industrial Office Properties [Member]
Encumbrances		60,619,000
Land, Initial Cost		9,528,000
Building and Improvements, Initial Cost		82,989,000
Acquisition Price		92,517,000
Capitalized Improvements		20,781,000
Land Cost, Total Cost		9,528,000
Building & Improvements, Total Cost		104,045,000
Total cost		113,573,000
Accumulated Depreciation & Depreciation	[1]	33,810,000
Reserve for Impairment		2,274,100
NBV Real Estate		77,489,000
Industrial Office Properties [Member] | Genesis Plaza [Member]
Encumbrances		5,937,000
Land, Initial Cost		1,400,000
Building and Improvements, Initial Cost		8,600,000
Acquisition Price		10,000,000
Capitalized Improvements		3,169,000
Land Cost, Total Cost		1,400,000
Building & Improvements, Total Cost		11,769,000
Total cost		13,169,000
Accumulated Depreciation & Depreciation	[1]	5,626,000
Reserve for Impairment		0
NBV Real Estate		7,543,000
Industrial Office Properties [Member] | Dakota Center [Member]
Encumbrances		9,197,000
Land, Initial Cost		832,000
Building and Improvements, Initial Cost		8,743,000
Acquisition Price		9,575,000
Capitalized Improvements		4,228,000
Land Cost, Total Cost		832,000
Building & Improvements, Total Cost		12,971,000
Total cost		13,803,000
Accumulated Depreciation & Depreciation	[1]	4,601,000
Reserve for Impairment		0
NBV Real Estate		9,202,000
Industrial Office Properties [Member] | Grand Pacific Center [Member]
Encumbrances		5,470,000
Land, Initial Cost		413,000
Building and Improvements, Initial Cost		4,926,000
Acquisition Price		5,339,000
Capitalized Improvements		5,206,000
Land Cost, Total Cost		413,000
Building & Improvements, Total Cost		10,407,000
Total cost		10,820,000
Accumulated Depreciation & Depreciation	[1]	2,546,000
Reserve for Impairment		0
NBV Real Estate		8,274,000
Industrial Office Properties [Member] | Arapahoe Center [Member]
Encumbrances		7,426,000
Land, Initial Cost		1,420,000
Building and Improvements, Initial Cost		10,430,000
Acquisition Price		11,850,000
Capitalized Improvements		1,601,000
Land Cost, Total Cost		1,420,000
Building & Improvements, Total Cost		12,031,000
Total cost		13,451,000
Accumulated Depreciation & Depreciation	[1]	4,109,000
Reserve for Impairment		0
NBV Real Estate		9,342,000
Industrial Office Properties [Member] | West Fargo Industrial [Member]
Encumbrances		3,923,000
Land, Initial Cost		1,693,000
Building and Improvements, Initial Cost		6,207,000
Acquisition Price		7,900,000
Capitalized Improvements		657,000
Land Cost, Total Cost		1,693,000
Building & Improvements, Total Cost		6,864,000
Total cost		8,557,000
Accumulated Depreciation & Depreciation	[1]	1,737,000
Reserve for Impairment		0
NBV Real Estate		6,820,000
Industrial Office Properties [Member] | The 300 N.P [Member]
Encumbrances		0
Land, Initial Cost		135,000
Building and Improvements, Initial Cost		3,715,000
Acquisition Price		3,850,000
Capitalized Improvements		371,000
Land Cost, Total Cost		135,000
Building & Improvements, Total Cost		4,086,000
Total cost		4,221,000
Accumulated Depreciation & Depreciation	[1]	1,139,000
Reserve for Impairment		308,000
NBV Real Estate		2,774,000
Industrial Office Properties [Member] | One Park Centre [Member]
Encumbrances		6,044,000
Land, Initial Cost		1,206,000
Building and Improvements, Initial Cost		7,944,000
Acquisition Price		9,150,000
Capitalized Improvements		2,070,000
Land Cost, Total Cost		1,206,000
Building & Improvements, Total Cost		10,014,000
Total cost		11,220,000
Accumulated Depreciation & Depreciation	[1]	3,553,000
Reserve for Impairment		1,966,100
NBV Real Estate		5,700,000
Industrial Office Properties [Member] | Shea Center II [Member]
Encumbrances		16,951,000
Land, Initial Cost		2,214,000
Building and Improvements, Initial Cost		23,747,000
Acquisition Price		25,961,000
Capitalized Improvements		3,451,000
Land Cost, Total Cost		2,214,000
Building & Improvements, Total Cost		27,198,000
Total cost		29,412,000
Accumulated Depreciation & Depreciation	[1]	10,044,000
Reserve for Impairment		0
NBV Real Estate		19,368,000
Industrial Office Properties [Member] | McElderry [Member]
Encumbrances		5,670,000
Land, Initial Cost		215,000
Building and Improvements, Initial Cost		8,677,000
Acquisition Price		8,892,000
Capitalized Improvements		29,000
Land Cost, Total Cost		215,000
Building & Improvements, Total Cost		8,705,000
Total cost		8,920,000
Accumulated Depreciation & Depreciation		454,000
Reserve for Impairment
NBV Real Estate		8,466,000
Industrial Office Properties [Member] | Mandolin [Member]
Total cost		4,907,000
Retail Properties [Member]
Encumbrances		13,032,000
Land, Initial Cost		3,488,000
Building and Improvements, Initial Cost		15,466,000
Acquisition Price		18,954,000
Capitalized Improvements		295,000
Land Cost, Total Cost		3,488,000
Building & Improvements, Total Cost		15,761,000
Total cost		19,249,000
Accumulated Depreciation & Depreciation	[1]	3,371,000
Reserve for Impairment		0
NBV Real Estate		15,878,000
Retail Properties [Member] | Union Town Center [Member]
Encumbrances		7,870,000
Land, Initial Cost		1,750,000
Building and Improvements, Initial Cost		9,462,000
Acquisition Price		11,212,000
Capitalized Improvements		317,000
Land Cost, Total Cost		1,750,000
Building & Improvements, Total Cost		9,779,000
Total cost		11,529,000
Accumulated Depreciation & Depreciation	[1]	2,610,000
Reserve for Impairment		0
NBV Real Estate		8,919,000
Retail Properties [Member] | Research Parkway [Member]
Encumbrances		1,589,000
Land, Initial Cost		408,000
Building and Improvements, Initial Cost		2,442,000
Acquisition Price		2,850,000
Capitalized Improvements		(37,000)
Land Cost, Total Cost		408,000
Building & Improvements, Total Cost		2,405,000
Total cost		2,813,000
Accumulated Depreciation & Depreciation	[1]	547,000
Reserve for Impairment		0
NBV Real Estate		2,266,000
Retail Properties [Member] | Mandolin [Member]
Encumbrances		3,573,000
Land, Initial Cost		1,330,000
Building and Improvements, Initial Cost		3,562,000
Acquisition Price		4,892,000
Capitalized Improvements		15,000
Land Cost, Total Cost		1,330,000
Building & Improvements, Total Cost		3,577,000
Accumulated Depreciation & Depreciation		214,000
Reserve for Impairment		0
NBV Real Estate		4,693,000
Model Home [Member]
Encumbrances		35,363,000
Land, Initial Cost		8,646,000
Building and Improvements, Initial Cost		44,478,000
Acquisition Price		53,124,000
Land Cost, Total Cost		8,646,000
Building & Improvements, Total Cost		44,478,000
Total cost		53,124,000
Accumulated Depreciation & Depreciation	[1]	1,902,000
Reserve for Impairment		432,000
NBV Real Estate		50,789,000
Model Home [Member] | Model Homes-DMH LP #202 [Member]
Encumbrances		269,000
Land, Initial Cost		83,000
Building and Improvements, Initial Cost		400,000
Acquisition Price		483,000
Land Cost, Total Cost		83,000
Building & Improvements, Total Cost		400,000
Total cost		483,000
Accumulated Depreciation & Depreciation	[1]	64,000
NBV Real Estate		419,000
Model Home [Member] | Model Homes-DMH LP #203 [Member]
Encumbrances		643,000
Land, Initial Cost		202,000
Building and Improvements, Initial Cost		858,000
Acquisition Price		1,060,000
Land Cost, Total Cost		202,000
Building & Improvements, Total Cost		858,000
Total cost		1,060,000
Accumulated Depreciation & Depreciation	[1]	96,000
NBV Real Estate		964,000
Model Home [Member] | Model Homes-DMH LP #204 [Member]
Encumbrances		940,000
Land, Initial Cost		278,000
Building and Improvements, Initial Cost		1,286,000
Acquisition Price		1,564,000
Land Cost, Total Cost		278,000
Building & Improvements, Total Cost		1,286,000
Total cost		1,564,000
Accumulated Depreciation & Depreciation	[1]	137,000
NBV Real Estate		1,427,000
Model Home [Member] | Model Homes-DMH LP #205 [Member]
Encumbrances		2,762,000
Land, Initial Cost		791,000
Building and Improvements, Initial Cost		3,732,000
Acquisition Price		4,523,000
Land Cost, Total Cost		791,000
Building & Improvements, Total Cost		3,732,000
Total cost		4,523,000
Accumulated Depreciation & Depreciation	[1]	380,000
NBV Real Estate		4,142,000
Model Home [Member] | Model Homes-DMH LP #206 [Member]
Encumbrances		1,416,000
Land, Initial Cost		289,000
Building and Improvements, Initial Cost		2,002,000
Acquisition Price		2,292,000
Land Cost, Total Cost		289,000
Building & Improvements, Total Cost		2,002,000
Total cost		2,292,000
Accumulated Depreciation & Depreciation	[1]	158,000
NBV Real Estate		2,133,000
Model Home [Member] | Model Homes-DMH LP 207 [Member]
Encumbrances		5,065,000
Land, Initial Cost		1,323,000
Building and Improvements, Initial Cost		5,938,000
Acquisition Price		7,262,000
Land Cost, Total Cost		1,323,000
Building & Improvements, Total Cost		5,938,000
Total cost		7,262,000
Accumulated Depreciation & Depreciation	[1]	17,000
NBV Real Estate		7,244,000
Model Home [Member] | Model Homes-NMH Inc. [Member]
Encumbrances		24,270,000
Land, Initial Cost		5,679,000
Building and Improvements, Initial Cost		30,262,000
Acquisition Price		35,941,000
Land Cost, Total Cost		5,679,000
Building & Improvements, Total Cost		30,262,000
Total cost		35,941,000
Accumulated Depreciation & Depreciation	[1]	1,050,000
Reserve for Impairment		432,000
NBV Real Estate		$ 34,460,000
[1]Depreciation is computed on a straight-line basis using useful lives up to 39 years.

Schedule III - Real Estate an_5

Schedule III - Real Estate and Accumulated Depreciation and Amortization - Balances (Details) - USD ($)	12 Months Ended
	Dec. 31, 2023		Dec. 31, 2022
Balance at the beginning of the year	$ 165,316,008		$ 171,013,693
Acquisitions	21,909,963		15,673,575
Improvements	6,663,116		2,107,503
Impairments	(2,398,097)		0
Dispositions of real estate	(8,252,089)		(23,478,763)
Balance at the end of the year	183,238,901		165,316,008
Balance at the beginning of the year	(34,803,778)		(32,948,757)
Depreciation and amortization expense	(4,925,463)		(5,015,491)
Dispositions of real estate	646,124		3,160,470
Balance at the end of the year	(39,083,117)	[1]	(34,803,778)
Real estate assets, net	$ 144,155,784		$ 130,512,230
[1]Depreciation is computed on a straight-line basis using useful lives up to 39 years.