Zoned Properties (ZDPY) 10-Q 13 May 19 2019 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2019	May 13, 2019
Document and Entity Information [Abstract]
Entity Registrant Name	Zoned Properties, Inc.
Entity Central Index Key	0001279620
Trading Symbol	ZDPY
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	Q1
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Ex Transition Period	false
Entity Common Stock, Shares Outstanding		11,901,548

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2019	Dec. 31, 2018
ASSETS
Cash	$ 444,375	$ 354,867
Rental properties, net	7,641,267	7,730,087
Prepaid expenses and other assets	85,156	116,967
Property and equipment, net	26,957	28,695
Security deposits	600	600
Total Assets	8,198,355	8,231,216
LIABILITIES:
Convertible note payable	2,000,000
Convertible note payable - related party	20,000	2,020,000
Accounts payable	25,924	117,985
Accrued expenses	116,569	54,636
Accrued expenses - related parties	2,100	34,800
Deferred revenues	2,500	2,750
Security deposits payable - related parties		71,800
Security deposits payable	77,833	6,032
Total Liabilities	2,244,926	2,308,003
Commitments and Contingencies
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value, 5,000,000 shares authorized; 2,000,000 shares issued and outstanding at March 31, 2019 and December 31, 2018 ($1.00 per share liquidation preference)	2,000	2,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 11,901,548 and 17,441,552 issued and outstanding at March 31, 2019 and December 31, 2018, respectively	11,902	17,442
Additional paid-in capital	20,788,743	20,746,200
Accumulated deficit	(14,849,216)	(14,842,429)
Total Stockholders' Equity	5,953,429	5,923,213
Total Liabilities and Stockholders' Equity	$ 8,198,355	$ 8,231,216

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2019	Dec. 31, 2018
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	2,000,000	2,000,000
Preferred stock, shares outstanding	2,000,000	2,000,000
Preferred stock, liquidation preference	$ 1	$ 1
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	11,901,548	17,441,552
Common stock, shares outstanding	11,901,548	17,441,552

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
REVENUES:
Rental revenues	$ 277,736	$ 12,187
Rental revenues - related parties		521,074
Total revenues	277,736	533,261
OPERATING EXPENSES:
Compensation and benefits	122,069	159,459
Professional fees	83,478	71,625
General and administrative expenses	42,792	39,865
Depreciation and amortization	90,558	63,419
Property operating expenses	810	25,292
Real estate taxes	22,720	22,254
Total operating expenses	362,427	381,914
(LOSS) INCOME FROM OPERATIONS	(84,691)	151,347
OTHER (EXPENSES) INCOME:
Interest expenses	(30,000)
Interest expenses - related parties	(300)	(30,300)
Other income	108,204
Interest income		1,729
Total other (expenses) income, net	77,904	(28,571)
(LOSS) INCOME BEFORE INCOME TAXES	(6,787)	122,776
PROVISION FOR INCOME TAXES
NET (LOSS) INCOME	$ (6,787)	$ 122,776
NET (LOSS) INCOME PER COMMON SHARE:
Basic	$ 0	$ 0.01
Diluted	$ 0	$ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	11,948,659	17,396,078
Diluted	11,948,659	17,402,724

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($)	Preferred Stock	Common Stock	Additional Paid-in Capital	Accumulated Deficit	Total
Balance at Dec. 31, 2017	$ 2,000	$ 17,345	$ 20,630,649	$ (12,815,151)	$ 7,834,843
Balance, shares at Dec. 31, 2017	2,000,000	17,345,497
Common stock issued for services and future services		$ 72	68,487		68,559
Common stock issued for services and future services, shares		71,055
Accretion of stock based compensation related to stock options issued			7,878		7,878
Net income/loss				122,776	122,776
Balance at Mar. 31, 2018	$ 2,000	$ 17,417	20,707,014	(12,692,375)	8,034,056
Balance, shares at Mar. 31, 2018	2,000,000	17,416,552
Balance at Dec. 31, 2018	$ 2,000	$ 17,442	20,746,200	(14,842,429)	5,923,213
Balance, shares at Dec. 31, 2018	2,000,000	17,441,552
Stock redemption and cencellation		$ (5,640)	5,640
Stock redemption and cencellation, Shares		(5,640,004)
Common stock issued for services		$ 100	31,000
Common stock issued for services, Shares		100,000
Accretion of stock based compensation related to stock options issued			5,903
Net income/loss				(6,787)	(6,787)
Balance at Mar. 31, 2019	$ 2,000	$ 11,902	$ 20,788,743	$ (14,849,216)	$ 5,953,429
Balance, shares at Mar. 31, 2019	2,000,000	11,901,548

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES
Net (loss) income	$ (6,787)	$ 122,776
Adjustments to reconcile net (loss) income to net cash provided by operating activities:
Depreciation and amortization expense	90,558	63,419
Stock-based compensation	31,100	68,559
Stock option expense	5,903	7,878
Change in operating assets and liabilities:
Deferred rent receivable - related parties		(144,805)
Note receivable		45,214
Prepaid expenses and other assets	31,811	18,170
Accounts payable	(92,060)	1,672
Accrued expenses	28,933	(6,239)
Accrued expenses - related parties	300	300
Deferred revenues	(250)	24,750
NET CASH PROVIDED BY OPERATING ACTIVITIES	89,508	201,694
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of buildings and improvements		(108,761)
NET CASH USED IN INVESTING ACTIVITIES		(108,761)
NET INCREASE IN CASH	89,508	92,933
CASH, beginning of period	354,867	824,240
CASH, end of period	444,375	917,173
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION
Interest paid	30,000	30,000
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:
Reclassification of convertible note payable - related party to convertible note payable	2,000,000
Reclassification of security deposits - related party to security deposits	71,800
Reclassification of accrued expenses - related party to accrued expenses	$ 33,000

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended
	Mar. 31, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND NATURE OF OPERATIONS	NOTE 1 – ORGANIZATION AND NATURE OF OPERATIONS Organization Zoned Properties, Inc. ("Zoned Properties" or the "Company"), was incorporated in the State of Nevada on August 25, 2003. The Company is a strategic real estate development firm whose primary mission is to provide real estate and sustainability services for clients in the regulated cannabis industry, positioning the company for real estate acquisitions and revenue growth. The Company intends to pioneer sustainable development for emerging industries, including the regulated cannabis industry. The Company is an accredited member of the Better Business Bureau, the U.S. Green Building Council, and the Forbes Real Estate Council. The Company focuses on investing capital to acquire and develop commercial properties to be leased on a triple-net basis, and engaging clients that face zoning, permitting, development, and operational challenges. The Company provides development strategies and advisory services that could potentially have a major impact on cash flow and property value. The Company does not grow, harvest, sell or distribute cannabis or any substances regulated under United States law such as the Controlled Substance Act of 1970, as amended (the "CSA"). The Company has the following wholly-owned subsidiaries: ● Gilbert Property Management, LLC ("Gilbert") was organized in the State of Arizona on February 10, 2014. ● Chino Valley Properties, LLC ("Chino Valley") was organized in the State of Arizona on April 15, 2014. ● Kingman Property Group, LLC ("Kingman") was organized in the State of Arizona on April 15, 2014. ● Green Valley Group, LLC ("Green Valley") organized in the State of Arizona on April 15, 2014. ● Zoned Oregon Properties, LLC was organized in the State of Oregon on June 16, 2015. ● Zoned Colorado Properties, LLC ("Zoned Colorado") was organized in the State of Colorado on September 17, 2015. ● Zoned Illinois Properties, LLC was organized in the State of Illinois on July 15, 2015. ● Zoned Arizona Properties, LLC ("Zoned Arizona") was organized in the State of Arizona on June 2, 2017. ● Zoned Advisory Services, LLC ("Zoned Advisory") was organized in the State of Arizona on July 27, 2018. Effective January 1, 2019, the Company and certain beneficial shareholders of the Company entered into a Stock Redemption Agreement (the "Stock Redemption Agreement"). Pursuant to the terms of the Stock Redemption Agreement, the parties agreed that the Company would redeem an aggregate of 5,640,004 owned by such beneficial shareholders (See Note 7). In exchange for the Stock Redemption, in addition to other terms, the parties amended the May 1, 2018 leases to reduce the gross revenue fee payable by related party tenants from 10% of gross revenue to 0% of gross revenue (See Note 3).

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and principals of consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. The unaudited condensed consolidated financial statements for the three months ended March 31, 2019 and 2018 have been prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). In the opinion of management, all adjustments necessary to present fairly our consolidated financial position, results of operations, and cash flows as of March 31, 2019 and 2018, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole. Effective January 1, 2019, the Company and certain beneficial shareholders entered into a Stock Redemption Agreement (See Note 7). Pursuant to Securities and Exchange Commission (the "SEC") rules, each of these beneficial shareholders was deemed to be a "related person" due solely to their status as significant stockholders of the Company. Pursuant to the terms of the Stock Redemption Agreement, these beneficial shareholders would no longer be significant stockholders of the Company and would no longer be deemed to be "related persons" under SEC rules. Accordingly, as of January 1, 2019, the Company will no longer reflect transactions and balances related to these beneficial shareholders as related party transactions. Prior to January 1, 2019, transactions with these beneficial shareholders have been reflected as related party transactions on the accompanying unaudited condensed consolidated financial statements. Use of estimates The preparation of the unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates for the three months ended March 31, 2019 and 2018 include the collectability of rent, the useful life of rental properties and property and equipment, valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions, including stock-based compensation. Risks and uncertainties The Company's operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure. The Company conducts a significant portion of its business in Arizona. Additionally, the Company's tenants operate in the medical marijuana industry. Consequently, any significant economic downturn in the Arizona market or any changes in the federal government's enforcement of current federal laws or changes in state laws could potentially have a negative effect on the Company's business, results of operations and financial condition. Fair value of financial instruments The carrying amounts reported in the unaudited condensed consolidated balance sheets for cash, prepaid expenses and other assets, accounts payable, accrued expenses, and other payables approximate their fair market value based on the short-term maturity of these instruments. The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board's (the "FASB") accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value in accordance with Accounting Standards Codification ("ASC") Topic 820. Cash Cash is carried at cost and represents cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. The majority of the Company's cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation ("FDIC") limit. To date, the Company has not experienced any losses on its invested cash. The Company had no cash equivalents as of March 31, 2019 and December 31, 2018. As of March 31, 2019 and December 31, 2018, the Company had approximately $194,000 and $122,000, respectively, of cash in excess of FDIC limits. Accounts receivable As of March 31, 2019 and December 31, 2018, the Company did not have an accounts receivable balance. For the three months ended March 31, 2019 and 2018, the Company did not record any allowances for doubtful accounts. The Company recognizes an allowance for losses on accounts and notes receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on an analysis of historical bad debt experience, current receivables aging and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The expense associated with the allowance for doubtful accounts is recognized in general and administrative expense. Rental properties Rental properties are carried at cost, less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of rental properties are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 39 years. Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, the Company assesses the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. The Company's rental properties are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property's carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If the Company's estimates of the projected future cash flows, anticipated holding periods, or market conditions change, the Company's evaluation of impairment losses may be different and such differences could be material to its consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. For the three months ended March 31, 2019 and 2018, the Company did not record any impairment losses The Company has capitalized land, which is not subject to depreciation. Property and equipment Property and equipment is stated at cost, less accumulated depreciation. Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives. The Company uses a five year life for office equipment, seven years for furniture and fixtures, and five to ten years for vehicles. Expenditures for maintenance and repairs are charged to expense as incurred. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. The Company examines the possibility of decreases in the value of these assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable. Basic and diluted income (loss) per share Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period using the treasury stock method and as-if converted method. Potentially dilutive common shares and participating securities are excluded from the computation of diluted shares outstanding if they would have an anti-dilutive impact on the Company's net losses. The Company's preferred stock is considered a participating security since the preferred shares are entitled to dividends equal to common share dividends and accordingly, are included in the computation of earnings per share pursuant to the two-class method. The two-class method of computing earnings (loss) per share is an earnings allocation formula that determines earnings (loss) per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The following table presents a reconciliation of basic and diluted net (loss) income per share: Three Months Ended March 31, 2019 2018 (Loss) income per common share - basic: Net (loss) income $ (6,787 ) $ 122,776 Less: undistributed earnings allocated to participating securities - (12,647 ) Net (loss) income allocated to common stockholders $ (6,787 ) $ 110,129 Weighted average common shares outstanding - basic 11,948,659 17,396,078 Net (loss) income per common share - basic $ (0.00 ) $ 0.01 (Loss) income per common share - diluted: Net (loss) income allocated to common shareholders - basic $ (6,787 ) $ 110,129 Numerator for (loss) income per common share - diluted $ (6,787 ) $ 110,129 Weighted average common shares outstanding - basic 11,948,659 17,396,078 Effect of dilutive securities: Stock options - 6,646 Weighted average common shares outstanding - diluted 11,948,659 17,402,724 Net (loss) income per common share - diluted $ (0.00 ) $ 0.01 The following potentially dilutive shares have been excluded from the calculation of diluted net loss per share as their effect would be anti-dilutive for the three months ended March 31, 2019 and 2018. March 31, 2019 March 31, 2018 Convertible debt 404,000 404,000 Stock options 1,290,000 1,283,354 Segment reporting The Company's business is comprised of one reportable segment. The Company has determined that its properties have similar economic characteristics to be aggregated into one reportable segment (operating, leasing and managing commercial properties). The Company's determination was based primarily on its method of internal reporting. Revenue recognition The Company adopted Accounting Standards Update ("ASU") 2014-09 and ASC Topic 606, Revenue from Contracts with Customers Rental income includes base rents that each tenant pays in accordance with the terms of its respective lease and is reported on a straight-line basis over the non-cancellable term of the lease, which includes the effects of rent abatements under the leases. The Company commences rental revenue recognition when the tenant takes possession of the leased space or controls the physical use of the leased space and the leased space is substantially ready for its intended use. Through April 30, 2018, certain of the Company's leases contained rental increases at specified intervals. During the three months ended March 31, 2018, the Company recorded as an asset, and included in revenue, deferred rents receivable that were to be received if the tenant made all rent payments required through the expiration of the initial term of the lease. On May 1, 2018, the Company and the Significant Tenant cancelled their existing lease agreements and entered into new lease agreements relating to the same properties (See Note 3). These leases provide for payments with fixed monthly base rents over the term of the leases. The leases also require the tenant to remit estimated monthly payments to the Company for property taxes. These payments are recorded as rental income and the related property tax expense reflected separately on the statements of operations. See below for the adoption of ASU 2016-02, "Leases (Topic 842)" and its impact on our consolidated financial statements upon adoption. Income tax Deferred income tax assets and liabilities arise from temporary differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the asset or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company follows the provisions of FASB ASC 740-10, "Uncertainty in Income Taxes". Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a "more-likely-than-not" threshold. Stock-based compensation Stock-based compensation is accounted for based on the requirements of ASC 718 – "Compensation –Stock Compensation "), Improvements to Employee Share-Based Payment Accounting Through March 31, 2018, pursuant to ASC 505-50 – "Equity-Based Payments to Non-Employees" Improvements to Nonemployee Share-Based Payment Accounting, Recently adopted accounting pronouncements Effective January 1, 2019, the Company adopted ASU 2016-02, " Leases (Topic 842)" . On adoption the Company also applied the package of practical expedients to leases, where the Company is the lessee or lessor, that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. ASU 2016-02, " Leases (Topic 842)" For contracts entered into on or after the effective date, where we are the lessee, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. We allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. For leases entered into on or after the effective date, where we are the lessor, at the inception of the contract the Company assess whether the contract is a sales-type, direct financing or operating lease by reviewing the terms of the lease and determining if the lessee obtains control of the underlying asset implicitly or explicitly. If a change to a pre-existing lease occurs, we evaluate if the modification results in a separate new lease or a modified lease. A new lease results when a modification provides additional right of use. The new lease or modified lease is then reassessed to determine its classification based on the modified terms. As disclosed in Note 3, the Chino Valley lease was modified on January 1, 2019 increasing the monthly base rent from $35,000 to $40,000. At the commencement of the modified terms, the Company reassessed its lease classification and concluded it remained properly classified as an operating lease. The adoption of ASU 2016-02 did not have a material impact on the operating leases where the Company is a lessor. The Company will continue to record revenues from rental properties for its operating leases on a straight-line basis. For leases where the Company is a lessee, primarily for the Company's administrative office lease, the Company analyzed if it would be required to record a lease liability and a right of use asset on its consolidated balance sheets at fair value upon adoption of ASU 2016-02. Since the terms of the Company's operating lease for its office space is 12 months or less, pursuant to ASC 842, the Company determined that the lease meets the definition of a short-term lease and the Company did not recognize the right-of use asset and lease liability arising from this lease. Recently issued accounting pronouncements Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying condensed consolidated financial statements.

Concentrations and Risks

Concentrations and Risks	3 Months Ended
	Mar. 31, 2019
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND RISKS	NOTE 3 – CONCENTRATIONS AND RISKS Terminated Lease Agreements with Significant Tenants During 2014, the Company entered into lease agreements with non-profit companies, CJK, Inc. ("CJK") and Broken Arrow Herbal Center, Inc. ("Broken Arrow") for its properties located in Kingman, AZ and Green Valley, AZ, respectively. CJK and Broken Arrow are owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, each of whom was a significant stockholder of the Company through December 31, 2018. The Kingman, AZ lease commenced on October 1, 2014 and was to expire on September 30, 2024 (the "Prior Kingman Lease"). The Green Valley, AZ lease commenced on October 1, 2014 and was to expire on September 30, 2024 with base monthly rent subject to a 5% annual increases during the lease term (the "Prior Green Valley Lease"). These leases were cancelled and new leases were executed on May 1, 2018. In August 2015, the Company entered into a lease agreement with C3C3 Group, LLC ("C3C3"), a wholly owned subsidiary of a company owned by Alan Abrams and Chris Carra, each of whom was a significant stockholder of the Company through December 31, 2018, to lease space in Tempe, Arizona. The Tempe lease commenced on September 1, 2015, was amended on September 1, 2016 and October 1, 2017, and was to expire on July 31, 2035 (the "Prior Tempe Leases"). This lease was cancelled and a new lease was executed on May 1, 2018. In August 2015, the Company entered into a lease agreement with C3C3 to lease space in Chino Valley, Arizona (the "Prior Chino Valley Lease"). The Prior Chino Valley Lease commenced on August 1, 2015, was amended on October 10, 2016 and on March 30, 2017, and was to expire on July 31, 2035. Additionally, pursuant to the March 30, 2017 amendment, the Company agreed to defer rent and applicable taxes due for March, April and May 2017 in the form of a note receivable to C3C3 at an 8% interest rate commencing March 1, 2017 and was paid in full over 12 months commencing January 1, 2018. This lease was cancelled and a new lease was executed on May 1, 2018. On June 15, 2017 and effective July 1, 2017, the Company entered into a lease agreement with AC Management Group, LLC (also known as Hana Meds and who is the sole member and manager of C3C3), whose directors/owners were significant stockholders of the Company through December 31, 2018, to lease office space in Tempe, Arizona (the "Hana Meds Lease"). The Hana Meds Lease commenced on July 1, 2017 and was to expire on June 30, 2022 with base monthly rent of $1,800 starting on October 1, 2017. This lease was cancelled on May 1, 2018. On March 1, 2018, the Company and Alan Abrams entered into a Reaffirmation Agreement related to the personal guarantee. New Lease Agreements with Significant Tenants On May 1, 2018, the Company and C3C3, CJK, and Broken Arrow cancelled their existing lease agreements and entered into new lease agreements relating to the same properties. Additionally, the Company entered into confidential advisory services agreements with CJK and Broken Arrow. On May 1, 2018, Chino Valley, a wholly owned subsidiary of the Company, and Broken Arrow agreed to terminate the Prior Chino Valley Lease dated April 6, 2015, as amended, in consideration of (i) entry into that certain Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Chino Valley and Broken Arrow (the "New Chino Valley Lease"), with a term of 22 years, expiring April 30, 2040, and (ii) abatement of rent that would otherwise have been due for the month of April under the Prior Chino Valley Lease. The New Chino Valley Lease provides for payment by Broken Arrow of a fixed monthly base rent of $35,000, as well as real property taxes, personal property taxes, privilege, sales, rental, excise, use and/or other taxes (excluding income or estate taxes) levied upon or assessed against Chino Valley. In addition, pursuant to the terms of the New Chino Valley Lease, Broken Arrow agreed to maintain insurance in full force during the term of the New Chino Valley Lease and any other period of occupancy of the premises by Broken Arrow. Broken Arrow is owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, each of whom was a significant stockholder of the Company through December 31, 2018. On January 1, 2019, Chino Valley and Broken Arrow entered into that the First Amendment to the Chino Valley Lease (the "Chino Valley Lease Amendment"), pursuant to which the monthly base rent was increased from $35,000 to $40,000. Except for the increase in base rent, the terms of the New Chino Valley Lease remain in full force and effect. On May 1, 2018, Green Valley, a wholly owned subsidiary of the Company, and Broken Arrow agreed to terminate the Prior Green Valley Lease dated October 1, 2014, in consideration of (i) entry into that certain Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Green Valley and Broken Arrow (the "New Green Valley Lease"), with a term of 22 years, expiring April 30, 2040, and (ii) abatement of rent that would otherwise have been due for the month of April under the Prior Green Valley Lease. The New Green Valley Lease provides for payment by Broken Arrow of a fixed monthly base rent of $3,500, as well as real property taxes, personal property taxes, privilege, sales, rental, excise, use and/or other taxes (excluding income or estate taxes) levied upon or assessed against Chino Valley. In addition, pursuant to the terms of the New Green Valley Lease, Broken Arrow agreed to maintain insurance in full force during the term of the New Green Valley Lease and any other period of occupancy of the premises by Broken Arrow. On May 1, 2018, Zoned Arizona, a wholly owned subsidiary of the Company, and CJK agreed to terminate the Prior Tempe Leases dated August 15, 2015, as amended, and June 15, 2017, in consideration of (i) entry into that certain Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Zoned Arizona and CJK (the "New Tempe Lease"), with a term of 22 years, expiring April 30, 2040, and (ii) abatement of rent that would otherwise have been due for the month of April under the Prior Tempe Leases. The New Tempe Lease provides for payment by CJK of a fixed monthly base rent of $33,500, as well as real property taxes, personal property taxes, privilege, sales, rental, excise, use and/or other taxes (excluding income or estate taxes) levied upon or assessed against Zoned Arizona. In addition, pursuant to the terms of the New Tempe Lease, CJK agreed to maintain insurance in full force during the term of the New Tempe Lease and any other period of occupancy of the premises by CJK. On May 1, 2018, Kingman, a wholly owned subsidiary of the Company, and CJK agreed to terminate the Prior Kingman Lease dated October 1, 2014, in consideration of (i) entry into that certain Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Kingman and CJK (the "New Kingman Lease"), with a term of 22 years, expiring April 30, 2040, and (ii) abatement of rent that would otherwise have been due for the month of April under the Prior Kingman Lease. The New Kingman Lease provides for payment by CJK of a fixed monthly base rent of $4,000, as well as real property taxes, personal property taxes, privilege, sales, rental, excise, use and/or other taxes (excluding income or estate taxes) levied upon or assessed against Kingman. In addition, pursuant to the terms of the New Kingman Lease, CJK agreed to maintain insurance in full force during the term of the New Kingman Lease and any other period of occupancy of the premises by CJK. CJK and Broken Arrow are owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, each of whom was a significant stockholder of the Company through December 31, 2018 (see Note 7). CJK and Broken Arrow, together, are referred to as the Company's Significant Tenants. The New Tempe Lease, New Kingman Lease, New Chino Valley Lease and New Green Valley (together referred to as the "New Leases") includes a Guarantee of Payment and Performance by Messrs. Abrams and Carra. Prior to May 1, 2018, the Company's leases contained rental increases at specified intervals. Accordingly, during the three months ended March 31, 2018, rental income included base rents that each tenant paid in accordance with the terms of its respective lease and was reported on a straight-line basis over the term of the respective lease, which included the effects of rent abatements under the leases. During the three months ended March 31, 2018, the Company recorded as an asset, and included in revenue, rents receivable that will be received if the tenant makes all rent payments required through the expiration of the initial term of the lease. Based on the terms in the New Lease agreements discussed above, the New Leases do not contain rental increases at specified intervals and base rent revenue will be constant over the New Lease terms. As of March 31, 2019 and December 31, 2018, security deposits payable to the Significant Tenants amounted to $71,800. No additional deposits were required on the New Leases. Future minimum lease payments primarily consist of minimum base rent payments from Significant Tenants. Future minimum lease payments to be received for each of the five succeeding calendar years and thereafter as of March 31, 2019 consists of the following: Future annual base rent: 2019 (remainder of year) $ 742,311 2020 989,748 2021 989,748 2022 989,748 2023 989,748 Thereafter 15,876,000 Total $ 20,577,303 Rental income and rent receivable –Significant Tenants On May 1, 2018, the Company and C3C3, CJK, and Broken Arrow cancelled their existing lease agreements. Also on May 1, 2018, the Company entered into new lease agreements relating to the same properties. This lease restructuring caused a reduction in the Company's revenue in 2018 and beyond. Additionally, effective January 1, 2019, the Company entered into the Stock Redemption Agreement (see Note 7) and as such the Company's May 1, 2018 advisory agreements were amended to reduce the gross revenue fee payable by the Significant Tenants from 10% of gross revenue to 0% of gross revenue. Any additional reduction in revenue from or loss of such Significant Tenants leases would have a material adverse effect on the Company's consolidated results of operations and financial condition. For the three months ended March 31, 2019 and 2018, rental revenue associated with the Significant Tenant leases described above amounted to $264,860 and $521,074, which represents 95.4% and 97.7% of the Company's total revenues, respectively. Asset concentration The majority of the Company's real estate properties are leased to the Significant Tenant under triple-net leases that terminate in April 2040. The Company monitors the credit of all tenants to stay abreast of any material changes in credit quality. The Company monitors tenant credit by (1) reviewing financial statements and related metrics and information that are publicly available or that are provided to us upon request, and (2) monitoring the timeliness of rent collections. As of March 31, 2019 and December 31, 2018, the Company had an asset concentration related to the Significant Tenants. As of March 31, 2019 and December 31, 2018, the Significant Tenants represented approximately 90.0% and 90.7% of the Company's total assets, respectively. Through the date of this report, all rental payments have been made on a timely basis. As of March 31, 2019, the lease agreements with the Significant Tenants were personally guaranteed by Alan Abrams. On March 1, 2018, the Company and Alan Abrams entered into a Reaffirmation Agreement (See Note 5). Confidential advisory services agreements On May 1, 2018, the Company entered into that certain Confidential Advisory Services Agreement by and between the Company and Broken Arrow (the "Broken Arrow CASA"), with a term expiring on April 30, 2040, unless earlier terminated as provided in the Broken Arrow CASA. Additionally, on May 1, 2018, the Company entered into that certain Confidential Advisory Services Agreement by and between the Company and CJK (the "CJK CASA"), with a term expiring on April 30, 2040, unless earlier terminated as provided in the CJK CASA. These Agreements may be terminated prior to the expiration of the Term upon the occurrence of any of the following: (a) by the Company for any reason at any time upon thirty calendar days' written notice to the other party; (b) by either party immediately upon the mutual agreement of the parties, evidenced by a writing signed by the parties; or (c) immediately by either party in the event of an actual finding, by a court of competent jurisdiction, of fraud, gross negligence or willful misconduct of the other party in connection with these Agreements. Pursuant to the terms of the Broken Arrow CASA and CJK CASA, Broken Arrow and CJK engaged the Company to perform certain advisory services in exchange for a fee equal to 10% of Broken Arrow's and CJK's gross revenues (the ("Revenue Fee"), commencing January 2019. On January 1, 2019, the Company, on behalf of Chino Valley, and Broken Arrow entered into the First Amendment to Confidential Advisory Services Agreement (the "Broken Arrow CASA Amendment"). The Broken Arrow CASA Amendment amended the Broken Arrow CASA to (i) reduce the gross revenue fee payable by Broken Arrow from 10% to 0%, and (ii) add a $250 hourly advisory fee payable by Broken Arrow. Except as set forth herein, the terms of the Broken Arrow CASA remain in full force and effect. On January 1, 2019, the Company, on behalf of Zoned Arizona, and CJK entered into the First Amendment to Confidential Advisory Services Agreement (the "CJK CASA Amendment"). The CJK CASA Amendment amended the CJK CASA to (i) reduce the gross revenue fee payable by CJK from 10% to 0%, and (ii) add a $250 hourly advisory fee payable by CJK. Except as set forth herein, the terms of the CJK CASA remain in full force and effect.

Rental Properties

Rental Properties	3 Months Ended
	Mar. 31, 2019
Rental Properties [Abstract]
RENTAL PROPERTIES	NOTE 4 – RENTAL PROPERTIES As of March 31, 2019 and December 31, 2018, rental properties, net consisted of the following: Description Useful Life (Years) March 31, December 31, Building and building improvements 5-39 $ 6,250,959 $ 6,250,959 Land - 2,283,214 2,283,214 Rental properties, at cost 8,534,173 8,534,173 Less: accumulated depreciation (892,906 ) (804,086 ) Rental properties, net $ 7,641,267 $ 7,730,087 For the three months ended March 31, 2019 and 2018, depreciation and amortization related to rental properties amounted to $88,820 and $61,651, respectively.

Convertible Note Payable

Convertible Note Payable	3 Months Ended
	Mar. 31, 2019
Debt Disclosure [Abstract]
CONVERTIBLE NOTE PAYABLE	NOTE 5 – CONVERTIBLE NOTE PAYABLE On January 9, 2017, the Company issued a convertible debenture (the "Abrams Debenture") in the aggregate principal amount of $2,000,000 in favor of Alan Abrams, who was a significant stockholder of the Company through December 31, 2018 (see Note 7), in exchange for cash from Mr. Abrams of $2,000,000. The Abrams Debenture accrues interest at the rate of 6% per annum payable quarterly by the 1 st The Company may prepay this Debenture at any point after nine months, in whole or in part. Pursuant to the terms of each of the Debentures, the Holder is entitled to convert all or a portion of the principal balance and all accrued and unpaid interest due under the Abrams Debenture into shares of the Company's common stock at a conversion price of $5.00 per share. If the Company defaults on payment, the Holder may at his option, extend all conversion rights, through and including the date the Company tenders or attempts to tender payment in full of all amounts due under the Debenture. Any amount of principal or interest, which is not paid when due shall bear interest at the rate of 12% per annum. Upon an Event of Default (as defined in each Debenture), the Holder may (i) declare the entire principal amount and all accrued and unpaid interest under the Debenture immediately due and payable, and (ii) exercise any and all rights, powers and remedies available to the Holder at law or in equity or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in the Debenture and proceed to enforce the payment thereof or any other legal or equitable right of the Holder. On March 1, 2018, the Company and Alan Abrams entered into a Reaffirmation Agreement whereby Mr. Abrams reaffirmed his personal guarantee of his obligations under certain of the Company's commercial leases. Additionally, Mr. Abrams affirmed that the principal of the Abrams Debenture in the principal amount of $2,000,000 was acknowledged as collateral within the scope of the guaranty included in the commercial lease agreements. As of March 31, 2019 and December 31, 2018, the principal balance due under the Abrams Debenture is $2,000,000 As of March 31, 2019 and December 31, 2018, accrued interest payable due under these Debentures was $30,000. As disclosed in Note 7, effective January 1, 2019, Mr. Abrams is no longer a significant stockholder of the Company nor considered to be a related party. As such the convertible principal balance of $2,000,000 and related accrued interest of $30,000 has been reclassified to convertible note payable and accrued expenses as of March 31, 2019, respectively, from Convertible debt – related parties and Accrued expenses – related parties on the consolidated balance sheets. For the three months ended March 31, 2019 and 2018, interest expense related to this debenture amounted to $30,000. For the three months ended March 31, 2019 and 2018, interest expense of $30,000 related to this debenture was reflected as interest expense and interest expense – related parties, respectively, on the accompanying unaudited condensed consolidated statement of operations.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2019
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 6 – RELATED PARTY TRANSACTIONS (B) Convertible notes payable – related party On January 9, 2017, the Company issued a convertible debenture (the "McLaren Debenture") in the principal amount of $20,000 in favor of Bryan McLaren, the Company's Chief Executive Officer, President, Chief Financial Officer, and a member of the Company's Board of Directors, in exchange for cash from Mr. McLaren of $20,000. The McLaren Debenture accrues interest at the rate of 6% per annum payable quarterly by the 1 st If the Company defaults on payment, the Holder may at his option, extend all conversion rights, through and including the date the Company tenders or attempts to tender payment in full of all amounts due under the Debenture. Any amount of principal or interest, which is not paid when due shall bear interest at the rate of 12% per annum. Upon an Event of Default (as defined in the Debenture), the Holder may (i) declare the entire principal amount and all accrued and unpaid interest under the Debenture immediately due and payable, and (ii) exercise any and all rights, powers and remedies available to the Holder at law or in equity or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in the Debenture and proceed to enforce the payment thereof or any other legal or equitable right of the Holder. As of March 31, 2019 and December 31, 2018, the principal balance due under the McLaren Debenture is $20,000. As of March 31, 2019 and December 31, 2018, accrued interest payable due under these Debentures is $2,100 and $1,800, respectively. For the three months ended March 31, 2019 and 2018, interest expense – related parties amounted to $300 and $30,300, respectively. For the three months ended March 31, 2018, interest expense related parties included $30,000 of interest expense related to the Abrams Debenture which is not considered a related party transaction subsequent to December 31, 2018 (see Note 7).

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 7 – STOCKHOLDERS' EQUITY (A) Preferred Stock On December 13, 2013, the Board of Directors of the Company authorized and approved the creation of a new class of Preferred Stock consisting of 5,000,000 shares authorized, $.001 par value. The preferred stock is not convertible into any other class or series of stock. The holders of the preferred stock are entitled to fifty (50) votes for each share held. Voting rights are not subject to adjustment for splits that increase or decrease the common shares outstanding. Upon liquidation, the holders of the shares will be entitled to receive $1.00 per share plus redemption provision before assets distributed to other shareholders. The holders of the shares are entitled to dividends equal to common share dividends. Once any shares of Preferred Stock are outstanding, at least 51% of the total number of shares of Preferred Stock outstanding must approve the following transactions: a. Alter or change the rights, preferences or privileges of the Preferred Stock. b. Create any new class of stock having preferences over the Preferred Stock. c. Repurchase any of our common stock. d. Merge or consolidate with any other company, except our wholly-owned subsidiaries. e. Sell, convey or otherwise dispose of, or create or incur any mortgage, lien, or charge or encumbrance or security interest in or pledge of, or sell and leaseback, in all or substantially all of our property or business. f. Incur, assume or guarantee any indebtedness maturing more than 18 months after the date on which it is incurred, assumed or guaranteed by us, except for operating leases and obligations assumed as part of the purchase price of property. (B) Common stock issued for services On January 14, 2019, the Company issued an aggregate of 100,000 shares of common stock to the members of the Company's board of directors for services rendered. The shares were valued at their fair value of $31,100 using the quoted share price on the date of grant of $0.311 per common share. In connection with these grants, in January 2019, the Company recorded stock-based compensation expense of $31,100. (C) Equity incentive plans On August 9, 2016, the Company's Board of Directors authorized the 2016 Equity Incentive Plan (the "2016 Plan") and reserved 10,000,000 shares of common stock for issuance thereunder. The 2016 Plan was approved by shareholders on November 21, 2016. The 2016 Plan's purpose is to encourage ownership in the Company by employees, officers, directors and consultants whose long-term service the Company considers essential to its continued progress and, thereby, encourage recipients to act in the stockholders' interest and share in the Company's success. The 2016 Plan authorizes the grant of awards in the form of options intended to qualify as incentive stock options under Section 422 of the Internal Revenue Code, options that do not qualify (non-statutory stock options) and grants of restricted shares of common stock. Restricted shares granted pursuant to the 2016 Plan are amortized to expense over the three-year vesting period. Options vest and expire over a period not to exceed seven years. If any share of common stock underlying a stock option that has been granted ceases to be subject to a stock option, or if any shares of common stock that are subject to any other stock-based award granted are forfeited or terminate, such shares shall again be available for distribution in connection with future grants and awards under the 2016 Plan. As of March 31, 2019 and December 31, 2018, 40,000 stock option awards have been made under the 2016 Plan which are exercisable. As of March 31, 2019 and December 31, 2018, 9,960,000 shares are available for future issuance. The Company also continues to maintain its 2014 Equity Compensation Plan (the "2014 Plan"), pursuant to which 1,250,000 previously awarded stock options are outstanding. The 2014 Plan has been superseded by the 2016 Plan. Accordingly, no additional shares subject to the existing 2014 Plan will be issued and the 1,250,000 shares issuable upon exercise of stock options will be issued pursuant to the 2014 Plan, if exercised. As of March 31, 2019 and December 31, 2018, options to purchase 1,250,000 shares of common stock are outstanding and 1,100,000 are exercisable pursuant to the 2014 Plan. (D) Stock options For the three months ended March 31, 2019 and 2018, in connection with the accretion of stock-based option expense, the Company recorded stock-based compensation expense of $5,903 and $7,878, respectively. As of March 31, 2019, there were 1,290,000 options outstanding and 1,140,000 options vested and exercisable. As of March 31, 2019, there was $65,553 of unvested stock-based compensation expense to be recognized through December 2024. The aggregate intrinsic value as of March 31, 2019 was nil and was calculated based on the difference between the quoted share price on March 31, 2019 of $0.39 and the exercise price of the underlying options. Stock option activities for the three months ended March 31, 2019 are summarized as follows: Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Balance Outstanding December 31, 2018 1,290,000 $ 0.99 6.74 $ 0 Granted - - Balance Outstanding March 31, 2019 1,290,000 $ 0.99 6.49 $ 0 Exercisable, March 31, 2019 1,140,000 $ 0.99 6.33 0 Balance Non-vested at December 31, 2018 150,000 $ 1.00 6.74 $ 0 Vested during the period - Balance Non-vested as of March 31, 2019 150,000 $ 1.00 6.49 $ 0 (E) Stock redemption agreement Effective January 1, 2019, the Company, Christopher Carra, Alan Abrams, Clayton Abrams Revocable Trust (the "Clayton Abrams Trust"), and Kyle Abrams Revocable Trust (the "Kyle Abrams Trust" and together with the Clayton Abrams Trust, the "Trusts") entered into a Stock Redemption Agreement (the "Stock Redemption Agreement"). Prior to entry into the Stock Redemption Agreement, (i) Mr. Carra was the owner 2,028,335 shares of the Company's common stock, representing approximately 11.6% of the Company's outstanding shares as of January 1, 2019, and (ii) Mr. Abrams, together with the Trusts (collectively, the "Abrams Affiliates"), owned 3,611,669 shares of the Company's common stock, representing approximately 20.7% of the Company's outstanding common stock as of January 1, 2019. Pursuant to Securities and Exchange Commission (the "SEC") rules, each of Messrs. Carra and Abrams was deemed to be a "related person" due solely to their status as significant stockholders of the Company. Pursuant to the terms of the Stock Redemption Agreement, the parties agreed that the Company would redeem an aggregate of 5,640,004 owned by Mr. Carra and the Abrams Affiliates (the "Stock Redemption") such that Messrs. Carra and Abrams would no longer be significant and stockholders of the Company and would no longer be deemed to be "related persons" under SEC rules. In exchange for the Stock Redemption, the parties agreed that: ● The Company and Broken Arrow, which is owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, amended the Broken Arrow CASA to reduce the gross revenue fee payable by Broken Arrow from 10% of gross revenue to 0% of gross revenue, and added a $250 an hour advisory fee. ● The Company and CJK, which is owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, amended the CJK CASA to reduce the gross revenue fee payable by CJK from 10% of gross revenue to 0% of gross revenue, and added a $250 an hour advisory fee. ● The Company and Mr. Abrams amended the convertible debenture dated January 9, 2017 (the "Abrams Debenture") to extend the maturity date of the Abrams Debenture from January 9, 2022 until January 9, 2030, and ● Chino Valley and Broken Arrow amended the Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 (the "New Chino Valley Lease") to increase the monthly base rent payable by Broken Arrow from $35,000 to $40,000. Following effectiveness of the Stock Redemption and the transactions set forth above: ● Messrs. Carra and Abrams will no longer beneficially own any shares of the Company's common stock. Accordingly, they will no longer be significant stockholders of the Company or "related persons" under the SEC rules. Therefore, transactions between the Company and Carra or Abrams or entities related in whole or in part, directly or indirectly, to Carra and Abrams have not been reflected as related party transactions in these unaudited condensed consolidated financial statements after the effectiveness of the Stock Redemption. ● Broken Arrow will continue to be owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, and Broken Arrow will continue to be a Significant Tenant of the Company. ● CJK will continue to be owned, in whole or in part, directly or indirectly, by Messrs. Abrams and Carra, and CJK will continue to be a Significant Tenant of the Company. ● The Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Chino Valley and Broken Arrow will continue in full force and effect, except as amended by the Chino Valley Lease Amendment to increase the monthly base rent payable by Broken Arrow from $35,000 to $40,000. ● The Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Green Valley and Broken Arrow will continue in full force and effect. ● The Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement (concerning the Company's Tempe, Arizona property) dated May 1, 2018 between Zoned Arizona and CJK will continue in full force and effect. ● The Licensed Medical Marijuana Facility Triple Net (NNN) Lease Agreement dated May 1, 2018 between Kingman and CJK will continue in full force and effect.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2019
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 8 – COMMITMENTS AND CONTINGENCIES Rental property acquisition On April 22, 2016, Zoned Colorado Properties, LLC ("Zoned Colorado"), a wholly owned subsidiary of the Company, entered into a Contract to Buy and Sell Real Estate (the "Parachute Agreement") with Parachute Development Corporation ("Seller") pursuant to which Zoned Colorado agreed to purchase, and Seller agreed to sell, property in Parachute, Colorado (the "Property") for a purchase price of $499,857. Of the total purchase price, $274,857, or 55%, will be paid in cash at closing and $225,000, or 45%, will be financed by Seller at an interest rate of 6.5%, amortized over a five-year period, with a balloon payment at the end of the fifth year. Payments will be made monthly and there will be no pre-payment penalty. Pursuant to the terms of the Parachute Agreement, the parties will cooperate in good faith to complete due diligence during a period of 45 days following execution of the Parachute Agreement. The closing is subject to certain contingencies, including that Zoned Colorado must obtain acceptable financing for the purchase and development of the Property, the grant of a special use permit by the Town of Parachute, approval of a protected development deal or equivalent agreement by the Town of Parachute, execution of a lease agreement by a prospective tenant and the prospective tenant's obtaining a license to cultivate on the Property. Pursuant to the terms of the Parachute Agreement, Zoned Colorado will have a right of first refusal on eleven additional lots owned by Seller in Parachute, Colorado. In April 2016, the Company paid a refundable deposit of $45,000 into escrow in connection with the Parachute Agreement which is included in prepaid expenses and other assets on the consolidated balance sheets as of March 31, 2019 and 2018. As of March 31, 2019, the Company and Seller have yet to complete the purchase. Legal matters From time to time, the Company may be involved in litigation related to claims arising out of its operations in the normal course of business. As of March 31, 2019, the Company is not involved in any pending or threatened legal proceedings that it believes could reasonably be expected to have a material adverse effect on its financial condition, results of operations, or cash flows. Employment and Related Golden Parachute Agreement On May 23, 2018, the Company and the Company's Chief Executive Officer (the "CEO") agreed to replace CEO's 2014 employment agreement with a new employment agreement dated May 23, 2018 (the "2018 Employment Agreement"). Pursuant to the terms of the 2018 Employment Agreement, the Company agreed to continue to pay CEO his current base annual salary of $215,000, and to award CEO with an annual and/or quarterly bonus payable in either cash and/or equity of no less than 2% of the Company's net income for the associated period. The 2018 Employment Agreement has a term of 10 years. The term and CEO's employment will terminate (a "Termination") in any of the following circumstances: (i) immediately, if CEO dies; (ii) immediately, if CEO receives benefits under the long-term disability insurance coverage then provided by the Company or, if no such insurance is in effect, upon CEO's disability; (iii) on the expiration date, as the same may be extended by the parties by written amendment to the 2018 Employment Agreement prior to the occasion thereof; (iv) at the option of the Company for Cause (as defined in the 2018 Employment Agreement) upon the Company's provision of written notice to CEO of the basis for such Termination; (v) at the option of the Company, without Cause; (vi) by CEO at any time with Good Reason (as defined in the 2018 Employment Agreement), upon 30 days' prior written notice to the Company delivered not later than within 90 days of the existence of the condition therefor; or (vii) by CEO at any time without Good Reason, upon not less than three months' prior written notice to the Company. In the event of a Termination for any reason or for no reason whatsoever, or upon the expiration date of the 2018 Employment Agreement, whichever comes first, all rights and obligations under the 2018 Employment Agreement shall cease (i) as to the Company, except for the Company's obligations for the payment of applicable severance benefits thereunder, and for indemnification thereunder, and (ii) as to CEO, except for his obligation under the restrictive covenants in the 2018 Employment Agreement. The Company and CEO also entered into a Golden Parachute Agreement (the "Golden Parachute Agreement") on May 23, 2018. No benefits shall be payable under the Golden Parachute Agreement unless there shall have been a change in control of the Company, as set forth below. For purposes of the Golden Parachute Agreement, amongst other terms in the Golden Parachute Agreement, a "change in control of the Company" shall mean a change of control of a nature that would be required to be reported in response to Item 6(e) of Schedule 14A of Regulation 14A promulgated under the Securities Exchange Act of 1934, as amended (the "Exchange Act"). For purposes of the Golden Parachute Agreement, "Cause" means termination upon (a) the willful and continued failure to substantially perform duties with the Company after a written demand for substantial performance is delivered by the Board, which demand specifically identifies the manner in which the Board believes that duties have not substantially been performed, or (b) the willful engaging in conduct which is demonstrably and materially injurious to the Company, monetarily or otherwise. For purposes of the Golden Parachute Agreement, "Good Reason" means, without express written consent, the occurrence after a change in control of the Company of any of the following circumstances unless, such circumstances are fully corrected prior to the date of Termination specified in the notice of Termination: (a) a material diminution in CEO's authority, duties or responsibility from those in effect immediately prior to the change in control of the Company; (b) a material diminution in CEO's base compensation; (c) a material change in the geographic location at which CEO performs his duties; (d) a material diminution in the authority, duties, or responsibilities of the supervisor to whom CEO is required to report, including a requirement that CEO report to a corporate officer or employee instead of reporting directly to the Board; (e) a material diminution in the budget over which CEO retains authority; (f) a material breach under any agreement with the Company to continue in effect any bonus to which CEO was entitled, or any compensation plan in which CEO participates immediately prior to the change in control of the Company which is material to CEO's total compensation; (g) a material breach under any agreement with the Company to provide CEO benefits substantially similar to those enjoyed by CEO under any of the Company's life insurance, medical, health and accident, or disability plans in which he was participating at the time of the change in control of the Company, the failure to continue to provide CEO with a Company automobile or allowance in lieu of it, if CEO was provided with such an automobile or allowance in lieu of it at the time of the change of control of the Company, the taking of any action by the Company which would directly or indirectly materially reduce any of such benefits or deprive CEO of any material fringe benefit enjoyed by CEO at the time of the change in control of the Company, or the failure by the Company to provide him with the number of paid vacation days to which he is entitled on the basis of years of service with the Company in accordance with the Company's normal vacation policy in effect at the time of the change in control of the Company; Following a change in control of the Company, upon termination of CEO's employment or during a period of disability, CEO will be entitled to the following benefits: (i) During any period that CEO fails to perform his full-time duties with the Company as a result of incapacity due to physical or mental illness, CEO will continue to receive his base salary at the rate in effect at the commencement of any such period, together with all amounts payable to CEO under any compensation plan of the Company during such period, until the Golden Parachute Agreement is terminated. (ii) If CEO's employment is terminated by the Company for Cause or by CEO other than for Good Reason, disability, death or retirement, the Company will pay CEO his full base salary through the date of Termination at the rate in effect at the time notice of Termination is given, plus all other amounts and benefits to which CEO is entitled under any compensation plan of the Company at the time such payments are due. (iii) If employment by the Company shall be terminated (a) by the Company other than for Cause, death or disability or (b) by CEO for Good Reason, CEO will be entitled to benefits provided below: a. The Company will pay CEO his full base salary through the date of Termination at the rate in effect at the time notice of Termination is given, plus all other amounts and benefits to which CEO is entitled under any compensation plan of the Company. b. In lieu of any further salary payments to CEO for periods subsequent to the date of Termination, the Company will pay as severance pay to CEO a lump sum severance payment (together with the payments provided in clauses (c) and (d) below) equal to five times the sum of CEO's annual base salary in effect immediately prior to the occurrence of the circumstance giving rise to the notice of Termination given in respect of them. c. The Company will pay to CEO any deferred compensation allocated or credited to CEO or his account as of the date of Termination. d. In lieu of shares of common stock of the Company issuable upon exercise of outstanding options, if any, granted to CEO under the Company's stock option plans (which options shall be cancelled upon the making of the payment referred to below), CEO will receive an amount in cash equal to the product of (i) the excess of the closing price of the Company's common stock as reported on or nearest the date of Termination (or, if not so reported, on the basis of the average of the lowest asked and highest bid prices on or nearest the date of Termination), over the per share exercise price of each option held by CEO (whether or not then fully exercisable) plus the amount of any applicable cash appreciation rights, times (ii) the number of the Company's common stock covered by each such option. e. The Company will also pay to CEO all legal fees and expenses incurred by CEO as a result of such Termination.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Basis of presentation and principals of consolidation	Basis of presentation and principals of consolidation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America and include the accounts of the Company and its wholly-owned subsidiaries. All intercompany balances and transactions have been eliminated upon consolidation. The unaudited condensed consolidated financial statements for the three months ended March 31, 2019 and 2018 have been prepared by the Company without audit, pursuant to the rules and regulations of the Securities and Exchange Commission (the "SEC"). In the opinion of management, all adjustments necessary to present fairly our consolidated financial position, results of operations, and cash flows as of March 31, 2019 and 2018, and for the periods then ended, have been made. Those adjustments consist of normal and recurring adjustments. Operating results for interim periods are not necessarily indicative of results that may be expected for the fiscal year as a whole. Effective January 1, 2019, the Company and certain beneficial shareholders entered into a Stock Redemption Agreement (See Note 7). Pursuant to Securities and Exchange Commission (the "SEC") rules, each of these beneficial shareholders was deemed to be a "related person" due solely to their status as significant stockholders of the Company. Pursuant to the terms of the Stock Redemption Agreement, these beneficial shareholders would no longer be significant stockholders of the Company and would no longer be deemed to be "related persons" under SEC rules. Accordingly, as of January 1, 2019, the Company will no longer reflect transactions and balances related to these beneficial shareholders as related party transactions. Prior to January 1, 2019, transactions with these beneficial shareholders have been reflected as related party transactions on the accompanying unaudited condensed consolidated financial statements.
Use of estimates	Use of estimates The preparation of the unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the condensed consolidated financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates for the three months ended March 31, 2019 and 2018 include the collectability of rent, the useful life of rental properties and property and equipment, valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions, including stock-based compensation.
Risks and uncertainties	Risks and uncertainties The Company's operations are subject to risk and uncertainties including financial, operational, regulatory and other risks including the potential risk of business failure. The Company conducts a significant portion of its business in Arizona. Additionally, the Company's tenants operate in the medical marijuana industry. Consequently, any significant economic downturn in the Arizona market or any changes in the federal government's enforcement of current federal laws or changes in state laws could potentially have a negative effect on the Company's business, results of operations and financial condition.
Fair value of financial instruments	Fair value of financial instruments The carrying amounts reported in the unaudited condensed consolidated balance sheets for cash, prepaid expenses and other assets, accounts payable, accrued expenses, and other payables approximate their fair market value based on the short-term maturity of these instruments. The Company analyzes all financial instruments with features of both liabilities and equity under the Financial Accounting Standard Board's (the "FASB") accounting standard for such instruments. Under this standard, financial assets and liabilities are classified in their entirety based on the lowest level of input that is significant to the fair value measurement. The Company did not identify any assets or liabilities that are required to be presented on the balance sheet at fair value in accordance with Accounting Standards Codification ("ASC") Topic 820.
Cash	Cash Cash is carried at cost and represents cash on hand, demand deposits placed with banks or other financial institutions and all highly liquid investments with an original maturity of three months or less as of the purchase date of such investments. The majority of the Company's cash and cash equivalents are held at major commercial banks, which may at times exceed the Federal Deposit Insurance Corporation ("FDIC") limit. To date, the Company has not experienced any losses on its invested cash. The Company had no cash equivalents as of March 31, 2019 and December 31, 2018. As of March 31, 2019 and December 31, 2018, the Company had approximately $194,000 and $122,000, respectively, of cash in excess of FDIC limits.
Accounts receivable	Accounts receivable As of March 31, 2019 and December 31, 2018, the Company did not have an accounts receivable balance. For the three months ended March 31, 2019 and 2018, the Company did not record any allowances for doubtful accounts. The Company recognizes an allowance for losses on accounts and notes receivable in an amount equal to the estimated probable losses net of recoveries. The allowance is based on an analysis of historical bad debt experience, current receivables aging and expected future write-offs, as well as an assessment of specific identifiable customer accounts considered at risk or uncollectible. The expense associated with the allowance for doubtful accounts is recognized in general and administrative expense.
Rental properties	Rental properties Rental properties are carried at cost, less accumulated depreciation and amortization. Betterments, major renovations and certain costs directly related to the improvement of rental properties are capitalized. Maintenance and repair expenses are charged to expense as incurred. Depreciation is recognized on a straight-line basis over estimated useful lives of the assets, which range from 5 to 39 years. Tenant improvements are amortized on a straight-line basis over the lives of the related leases, which approximate the useful lives of the assets. Upon the acquisition of real estate, the Company assesses the fair value of acquired assets (including land, buildings and improvements, identified intangibles, such as acquired above-market leases and acquired in-place leases) and acquired liabilities (such as acquired below-market leases) and allocate the purchase price based on these assessments. The Company assesses fair value based on estimated cash flow projections that utilize appropriate discount and capitalization rates and available market information. Estimates of future cash flows are based on a number of factors including historical operating results, known trends, and market/economic conditions. The Company's rental properties are individually reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. An impairment exists when the carrying amount of an asset exceeds the aggregate projected future cash flows over the anticipated holding period on an undiscounted basis. An impairment loss is measured based on the excess of the property's carrying amount over its estimated fair value. Impairment analyses are based on our current plans, intended holding periods and available market information at the time the analyses are prepared. If the Company's estimates of the projected future cash flows, anticipated holding periods, or market conditions change, the Company's evaluation of impairment losses may be different and such differences could be material to its consolidated financial statements. The evaluation of anticipated cash flows is subjective and is based, in part, on assumptions regarding future occupancy, rental rates and capital requirements that could differ materially from actual results. For the three months ended March 31, 2019 and 2018, the Company did not record any impairment losses The Company has capitalized land, which is not subject to depreciation.
Property and equipment	Property and equipment Property and equipment is stated at cost, less accumulated depreciation. Depreciation of property and equipment is provided utilizing the straight-line method over the estimated useful lives. The Company uses a five year life for office equipment, seven years for furniture and fixtures, and five to ten years for vehicles. Expenditures for maintenance and repairs are charged to expense as incurred. Upon sale or retirement of property and equipment, the related cost and accumulated depreciation are removed from the accounts and any gain or loss is reflected in statements of operations. The Company examines the possibility of decreases in the value of these assets when events or changes in circumstances reflect the fact that their recorded value may not be recoverable.
Basic and diluted income (loss) per share	Basic and diluted income (loss) per share Basic income (loss) per share is computed by dividing net income (loss) available to common shareholders by the weighted average number of shares of common stock outstanding during each period. Diluted earnings per share is computed by dividing net income available to common shareholders by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period using the treasury stock method and as-if converted method. Potentially dilutive common shares and participating securities are excluded from the computation of diluted shares outstanding if they would have an anti-dilutive impact on the Company's net losses. The Company's preferred stock is considered a participating security since the preferred shares are entitled to dividends equal to common share dividends and accordingly, are included in the computation of earnings per share pursuant to the two-class method. The two-class method of computing earnings (loss) per share is an earnings allocation formula that determines earnings (loss) per share for common stock and any participating securities according to dividends declared (whether paid or unpaid) and participation rights in undistributed earnings. The following table presents a reconciliation of basic and diluted net (loss) income per share: Three Months Ended March 31, 2019 2018 (Loss) income per common share - basic: Net (loss) income $ (6,787 ) $ 122,776 Less: undistributed earnings allocated to participating securities - (12,647 ) Net (loss) income allocated to common stockholders $ (6,787 ) $ 110,129 Weighted average common shares outstanding - basic 11,948,659 17,396,078 Net (loss) income per common share - basic $ (0.00 ) $ 0.01 (Loss) income per common share - diluted: Net (loss) income allocated to common shareholders - basic $ (6,787 ) $ 110,129 Numerator for (loss) income per common share - diluted $ (6,787 ) $ 110,129 Weighted average common shares outstanding - basic 11,948,659 17,396,078 Effect of dilutive securities: Stock options - 6,646 Weighted average common shares outstanding - diluted 11,948,659 17,402,724 Net (loss) income per common share - diluted $ (0.00 ) $ 0.01 The following potentially dilutive shares have been excluded from the calculation of diluted net loss per share as their effect would be anti-dilutive for the three months ended March 31, 2019 and 2018. March 31, 2019 March 31, 2018 Convertible debt 404,000 404,000 Stock options 1,290,000 1,283,354
Segment reporting	Segment reporting The Company's business is comprised of one reportable segment. The Company has determined that its properties have similar economic characteristics to be aggregated into one reportable segment (operating, leasing and managing commercial properties). The Company's determination was based primarily on its method of internal reporting.
Revenue recognition	Revenue recognition The Company adopted Accounting Standards Update ("ASU") 2014-09 and ASC Topic 606, Revenue from Contracts with Customers Rental income includes base rents that each tenant pays in accordance with the terms of its respective lease and is reported on a straight-line basis over the non-cancellable term of the lease, which includes the effects of rent abatements under the leases. The Company commences rental revenue recognition when the tenant takes possession of the leased space or controls the physical use of the leased space and the leased space is substantially ready for its intended use. Through April 30, 2018, certain of the Company's leases contained rental increases at specified intervals. During the three months ended March 31, 2018, the Company recorded as an asset, and included in revenue, deferred rents receivable that were to be received if the tenant made all rent payments required through the expiration of the initial term of the lease. On May 1, 2018, the Company and the Significant Tenant cancelled their existing lease agreements and entered into new lease agreements relating to the same properties (See Note 3). These leases provide for payments with fixed monthly base rents over the term of the leases. The leases also require the tenant to remit estimated monthly payments to the Company for property taxes. These payments are recorded as rental income and the related property tax expense reflected separately on the statements of operations. See below for the adoption of ASU 2016-02, "Leases (Topic 842)" and its impact on our consolidated financial statements upon adoption.
Income tax	Income tax Deferred income tax assets and liabilities arise from temporary differences between the financial statements and tax basis of assets and liabilities, as measured by the enacted tax rates, which are expected to be in effect when these differences reverse. Deferred tax assets and liabilities are classified as current or non-current, depending upon the classification of the asset or liabilities to which they relate. Deferred tax assets and liabilities not related to an asset or liability are classified as current or non-current depending on the periods in which the temporary differences are expected to reverse. Valuation allowances are established when necessary to reduce deferred tax assets to the amount expected to be realized. The Company follows the provisions of FASB ASC 740-10, "Uncertainty in Income Taxes". Certain recognition thresholds must be met before a tax position is recognized in the financial statements. An entity may only recognize or continue to recognize tax positions that meet a "more-likely-than-not" threshold.
Stock-based compensation	Stock-based compensation Stock-based compensation is accounted for based on the requirements of ASC 718 – "Compensation –Stock Compensation "), Improvements to Employee Share-Based Payment Accounting Through March 31, 2018, pursuant to ASC 505-50 – "Equity-Based Payments to Non-Employees" Improvements to Nonemployee Share-Based Payment Accounting,
Recently adopted accounting pronouncements	Recently adopted accounting pronouncements Effective January 1, 2019, the Company adopted ASU 2016-02, " Leases (Topic 842)" . On adoption the Company also applied the package of practical expedients to leases, where the Company is the lessee or lessor, that commenced before the effective date whereby the Company elected to not reassess the following: (i) whether any expired or existing contracts contain leases; (ii) the lease classification for any expired or existing leases; and (iii) initial direct costs for any existing leases. ASU 2016-02, " Leases (Topic 842)" For contracts entered into on or after the effective date, where we are the lessee, at the inception of a contract the Company assess whether the contract is, or contains, a lease. Our assessment is based on: (1) whether the contract involves the use of a distinct identified asset, (2) whether we obtain the right to substantially all the economic benefit from the use of the asset throughout the period, and (3) whether we have the right to direct the use of the asset. We allocate the consideration in the contract to each lease component based on its relative stand-alone price to determine the lease payments. Leases entered into prior to January 1, 2019, are accounted for under ASC 840 and were not reassessed. For leases entered into on or after the effective date, where we are the lessor, at the inception of the contract the Company assess whether the contract is a sales-type, direct financing or operating lease by reviewing the terms of the lease and determining if the lessee obtains control of the underlying asset implicitly or explicitly. If a change to a pre-existing lease occurs, we evaluate if the modification results in a separate new lease or a modified lease. A new lease results when a modification provides additional right of use. The new lease or modified lease is then reassessed to determine its classification based on the modified terms. As disclosed in Note 3, the Chino Valley lease was modified on January 1, 2019 increasing the monthly base rent from $35,000 to $40,000. At the commencement of the modified terms, the Company reassessed its lease classification and concluded it remained properly classified as an operating lease. The adoption of ASU 2016-02 did not have a material impact on the operating leases where the Company is a lessor. The Company will continue to record revenues from rental properties for its operating leases on a straight-line basis. For leases where the Company is a lessee, primarily for the Company's administrative office lease, the Company analyzed if it would be required to record a lease liability and a right of use asset on its consolidated balance sheets at fair value upon adoption of ASU 2016-02. Since the terms of the Company's operating lease for its office space is 12 months or less, pursuant to ASC 842, the Company determined that the lease meets the definition of a short-term lease and the Company did not recognize the right-of use asset and lease liability arising from this lease.
Recently issued accounting pronouncements	Recently issued accounting pronouncements Management does not believe that any other recently issued, but not yet effective accounting pronouncements, if adopted, would have a material effect on the accompanying condensed consolidated financial statements.

Summary of Significant Accoun_3

Summary of Significant Accounting Policies (Tables)	3 Months Ended
	Mar. 31, 2019
Accounting Policies [Abstract]
Schedule of reconciliation of basic and diluted net (loss) income per share	Three Months Ended March 31, 2019 2018 (Loss) income per common share - basic: Net (loss) income $ (6,787 ) $ 122,776 Less: undistributed earnings allocated to participating securities - (12,647 ) Net (loss) income allocated to common stockholders $ (6,787 ) $ 110,129 Weighted average common shares outstanding - basic 11,948,659 17,396,078 Net (loss) income per common share - basic $ (0.00 ) $ 0.01 (Loss) income per common share - diluted: Net (loss) income allocated to common shareholders - basic $ (6,787 ) $ 110,129 Numerator for (loss) income per common share - diluted $ (6,787 ) $ 110,129 Weighted average common shares outstanding - basic 11,948,659 17,396,078 Effect of dilutive securities: Stock options - 6,646 Weighted average common shares outstanding - diluted 11,948,659 17,402,724 Net (loss) income per common share - diluted $ (0.00 ) $ 0.01
Schedule of potentially dilutive shares have been excluded from the calculation of diluted net loss per share	March 31, 2019 March 31, 2018 Convertible debt 404,000 404,000 Stock options 1,290,000 1,283,354

Concentrations and Risks (Table

Concentrations and Risks (Tables)	3 Months Ended
	Mar. 31, 2019
Risks and Uncertainties [Abstract]
Schedule of future minimum lease payments	Future annual base rent: 2019 (remainder of year) $ 742,311 2020 989,748 2021 989,748 2022 989,748 2023 989,748 Thereafter 15,876,000 Total $ 20,577,303

Rental Properties (Tables)

Rental Properties (Tables)	3 Months Ended
	Mar. 31, 2019
Rental Properties [Abstract]
Schedule of rental properties, net	Description Useful Life (Years) March 31, December 31, Building and building improvements 5-39 $ 6,250,959 $ 6,250,959 Land - 2,283,214 2,283,214 Rental properties, at cost 8,534,173 8,534,173 Less: accumulated depreciation (892,906 ) (804,086 ) Rental properties, net $ 7,641,267 $ 7,730,087

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2019
Equity [Abstract]
Schedule of stock option activities	Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Balance Outstanding December 31, 2018 1,290,000 $ 0.99 6.74 $ 0 Granted - - Balance Outstanding March 31, 2019 1,290,000 $ 0.99 6.49 $ 0 Exercisable, March 31, 2019 1,140,000 $ 0.99 6.33 0 Balance Non-vested at December 31, 2018 150,000 $ 1.00 6.74 $ 0 Vested during the period - Balance Non-vested as of March 31, 2019 150,000 $ 1.00 6.49 $ 0

Organization and Nature of Op_2

Organization and Nature of Operations (Details) - Stock redemption agreement [Member] - shares	1 Months Ended
	Jan. 03, 2019	May 01, 2018
Organization and Nature of Operations (Textual)
Redemption of aggregate shares	5,640,004
Minimum [Member]
Organization and Nature of Operations (Textual)
Percentage of gross revenue		0.00%
Maximum [Member]
Organization and Nature of Operations (Textual)
Percentage of gross revenue		10.00%

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
(Loss) income per common share - basic:
Net (loss) income	$ (6,787)	$ 122,776
Less: undistributed earnings allocated to participating securities		(12,647)
Net (loss) income allocated to common stockholders	$ (6,787)	$ 110,129
Weighted average common shares outstanding - basic	11,948,659	17,396,078
Net (loss) income per common share - basic	$ 0	$ 0.01
(Loss) income per common share - diluted:
Net (loss) income allocated to common shareholders - basic	$ (6,787)	$ 110,129
Numerator for (loss) income per common share - diluted	$ (6,787)	$ 110,129
Weighted average common shares outstanding - basic	11,948,659	17,396,078
Effect of dilutive securities:
Stock options		6,646
Weighted average common shares outstanding - diluted	11,948,659	17,402,724
Net (loss) income per common share - diluted	$ 0	$ 0.01

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details 1) - shares	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Convertible debt [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	404,000	404,000
Stock options [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Shares excluded from the calculation of diluted earnings per share	1,290,000	1,283,354

Summary of Significant Accoun_6

Summary of Significant Accounting Policies (Details Textual) - USD ($)	Jan. 03, 2019	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Summary of Significant Accounting Policies (Textual)
Amount of cash excess of FDIC		$ 194,000		$ 122,000
Rental revenue			$ 521,074
Percentage of rental revenue		95.40%	97.70%
Tenant [Member]
Summary of Significant Accounting Policies (Textual)
Percentage of rental revenue		95.40%	97.70%
Minimum [Member] | Chino Valley Lease [Member]
Summary of Significant Accounting Policies (Textual)
Increase monthly base rent payable	$ 35,000
Maximum [Member] | Chino Valley Lease [Member]
Summary of Significant Accounting Policies (Textual)
Increase monthly base rent payable	$ 40,000
Maximum [Member] | Consolidated Properties [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets		39 years
Building and Building Improvements [Member] | Minimum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets		5 years
Building and Building Improvements [Member] | Maximum [Member]
Summary of Significant Accounting Policies (Textual)
Estimated useful life of assets		39 years

Concentrations and Risks (Detai

Concentrations and Risks (Details)	Mar. 31, 2019USD ($)
Risks and Uncertainties [Abstract]
2019 (remainder of year)	$ 742,311
2020	989,748
2021	989,748
2022	989,748
2023	989,748
Thereafter	15,876,000
Total	$ 20,577,303

Concentrations and Risks (Det_2

Concentrations and Risks (Details Textual) - USD ($)	Jan. 03, 2019	May 01, 2018	Oct. 01, 2017	Jul. 01, 2017	Aug. 31, 2015	Oct. 01, 2014	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018
Concentrations (Textual)
Rental revenue							$ 264,860	$ 521,074
Percentage of total assets							95.40%	97.70%
Security deposits payable - related parties							$ 71,800		$ 71,800
New Chino Valley Lease [Member]
Concentrations (Textual)
Rental revenue		$ 35,000
Lease expiration date		Apr. 30, 2040
Base rent per month		$ 35,000							$ 40,000
Prior Kingman Lease [Member]
Concentrations (Textual)
Lease expiration date						Sep. 30, 2024
Annual increase rate on lease and rentals						5.00%
Base monthly rent						$ 7,500
Tempe Leases [Member]
Concentrations (Textual)
Lease expiration date					Jul. 31, 2035
Chino Valley Lease [Member]
Concentrations (Textual)
Lease expiration date					Jul. 31, 2035
Annual increase rate on lease and rentals					8.00%
Hana Meds Lease [Member]
Concentrations (Textual)
Rental revenue			$ 1,800
Lease expiration date				Jun. 30, 2022
New Green Valley Lease [Member]
Concentrations (Textual)
Lease expiration date		Apr. 30, 2040
Lease term		22 years
Base rent per month		$ 3,500
New Tempe Lease [Member]
Concentrations (Textual)
Lease expiration date		Apr. 30, 2040
Lease term		22 years
Base rent per month		$ 33,500
New Kingman Lease [Member]
Concentrations (Textual)
Lease expiration date		Apr. 30, 2040
Lease term		22 years
Base rent per month		$ 4,000
Broken Arrow [Member]
Concentrations (Textual)
Percentage of total assets		10.00%
Lease expiration date		Apr. 30, 2040
Advisory Services Agreement, Description		(i) reduce the gross revenue fee payable by Broken Arrow from 10% to 0%, and (ii) add a $250 hourly advisory fee payable by Broken Arrow. Except as set forth herein, the terms of the Broken Arrow CASA remain in full force and effect.
Cjk Casa [Member]
Concentrations (Textual)
Percentage of total assets		10.00%
Lease expiration date		Apr. 30, 2040
Advisory Services Agreement, Description		(i) reduce the gross revenue fee payable by CJK from 10% to 0%, and (ii) add a $250 hourly advisory fee payable by CJK. Except as set forth herein, the terms of the CJK CASA remain in full force and effect.
Maximum [Member] | New Chino Valley Lease [Member]
Concentrations (Textual)
Base rent per month	$ 40,000
Maximum [Member] | Chino Valley Lease [Member]
Concentrations (Textual)
Base rent per month	$ 40,000
Tenants [Member]
Concentrations (Textual)
Percentage of total assets							90.00%

Rental Properties (Details)

Rental Properties (Details) - USD ($)	3 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Property, Plant and Equipment [Line Items]
Rental properties, at cost	$ 8,534,173	$ 8,534,173
Less: accumulated depreciation	(892,906)	(804,086)
Rental properties, net	7,641,267	7,730,087
Building and Building Improvements [Member]
Property, Plant and Equipment [Line Items]
Rental properties, at cost	$ 6,250,959	6,250,959
Building and Building Improvements [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	5 years
Building and Building Improvements [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life of assets	39 years
Land [Member]
Property, Plant and Equipment [Line Items]
Rental properties, at cost	$ 2,283,214	$ 2,283,214

Convertible Note Payable (Detai

Convertible Note Payable (Details) - USD ($)	Jan. 02, 2019	Jan. 09, 2017	Jan. 09, 2017	Mar. 31, 2019	Mar. 31, 2018	Mar. 01, 2019	Dec. 31, 2018	Mar. 01, 2018
Convertible Notes Payable [Member]
Debt Instrument [Line Items]
Percentage of debenture interest			6.00%
Common stock conversion price per share		$ 5	$ 5
Debt insturment, Description	Extend the maturity date of the Abrams Debenture from January 9, 2022 to January 9, 2030.
Bear interest rate		12.00%	12.00%
Originally due on		Jan. 9, 2022	Jan. 9, 2022
Mr. Abrams Debenture [Member]
Debt Instrument [Line Items]
Accrued interest payable				$ 30,000		$ 30,000	$ 30,000
Interest expense related to this convertible note				30,000	$ 30,000
Principal balance				$ 2,000,000		$ 2,000,000	2,000,000	$ 2,000,000
Convertible notes payable exchange cash							$ 2,000,000

Rental Properties (Details Text

Rental Properties (Details Textual) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Rental Properties (Textual)
Depreciation and amortization of rental properties	$ 88,820	$ 269,592

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jan. 09, 2017	Jan. 09, 2017	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Mar. 01, 2019
Related Party Transactions (Textual)
Interest expenses - related parties			$ 300	$ 30,300
Rental revenues - related parties				521,074
Security deposits payable - related parties					$ 71,800
Stock-based compensation			$ 31,100	$ 68,559
Percentage of rental revenue			95.40%	97.70%
Mr Mclaren [Member]
Related Party Transactions (Textual)
Convertible notes payable exchange cash	$ 20,000	$ 20,000
Interest expenses - related parties			$ 300		30,300
Accrued interest payable			2,100		1,800
Principal balance of debentures			20,000		20,000
Principal amount of convertible debt	$ 20,000	$ 20,000
Mr. Abrams Debenture [Member]
Related Party Transactions (Textual)
Convertible notes payable exchange cash					2,000,000
Interest expenses - related parties					30,000
Accrued interest payable			$ 30,000		$ 30,000	$ 30,000
Convertible Notes Payable [Member]
Related Party Transactions (Textual)
Maturity date of debt	Jan. 9, 2022	Jan. 9, 2022
Common stock conversion price per share	$ 5	$ 5
Debentures accrued interest	6.00%	6.00%
Bear interest rate	12.00%	12.00%

Stockholders' Equity (Details)

Stockholders' Equity (Details) - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2019	Dec. 31, 2018
Equity [Abstract]
Number of Options, Outstanding, Beginning balance	1,290,000	1,290,000
Number of Options Outstanding, Granted
Number of Options, Outstanding, Ending balance	1,290,000	1,290,000
Number of Options, Exercisable	1,140,000
Weighted Average Exercise Price, Beginning balance	$ 0.99	$ 0.99
Weighted Average Exercise Price, Granted
Weighted Average Exercise Price, Ending balance	0.99	$ 0.99
Weighted Average Exercise Price, Exercisable	$ 0.99
Weighted Average Remaining Contractual Term (Years), Outstanding, Beginning balance	6 years 5 months 27 days	6 years 8 months 26 days
Weighted Average Remaining Contractual Term (Years), Outstanding, Ending balance	6 years 5 months 27 days
Weighted Average Remaining Contractual Term (Years), Exercisable	6 years 3 months 29 days
Aggregate Intrinsic Value, Beginning balance	$ 0	$ 0
Aggregate Intrinsic Value, Ending balance	0	$ 0
Aggregate Intrinsic Value, Exercisable	$ 0
Number of shares, Balance Non-vested at December 31, 2018	150,000
Number of shares, Vested during the year
Number of shares, Balance Non-vested at March 31, 2019	150,000	150,000
Weighted Average Exercise Price, Balance Non-vested at December 31, 2018	$ 1
Weighted Average Exercise Price, Balance Non-vested at March 31, 2019	$ 1	$ 1
Weighted Average Remaining Contractual Term (Years), Balance Non-vested at December 31, 2018		6 years 8 months 26 days
Weighted Average Remaining Contractual Term (Years), Balance Non-vested at March 31, 2019	6 years 5 months 27 days
Aggregate Intrinsic Value, Balance Non-vested at December 31, 2018	$ 0	$ 0
Aggregate Intrinsic Value, Balance Non-vested at March 31, 2019	$ 0	$ 0

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	Jan. 14, 2019	Jan. 03, 2019	Aug. 09, 2016	Aug. 09, 2016	Dec. 13, 2013	Jan. 31, 2019	Mar. 31, 2018	Mar. 31, 2019	Mar. 31, 2018	Dec. 31, 2018	Dec. 31, 2017
Stockholders' Equity (Textual)
Preferred stock, shares authorized								5,000,000		5,000,000
Preferred stock, par value								$ 0.001		$ 0.001
Number of options outstanding, granted
Convertible note payable - related party								$ 2,000,000
Number of options outstanding								1,290,000		1,290,000	1,290,000
Stock-based compensation								$ 31,100	$ 68,559
Minimum [Member] | Chino Valley Lease [Member]
Stockholders' Equity (Textual)
Increase monthly base rent payable		$ 35,000
Maximum [Member] | Chino Valley Lease [Member]
Stockholders' Equity (Textual)
Increase monthly base rent payable		$ 40,000
Stock redemption agreement [Member]
Stockholders' Equity (Textual)
Stock redemption agreement, description						(i) Mr. Carra was the owner 2,028,335 shares of the Company's common stock, representing approximately 11.6% of the Company's outstanding shares as of January 1, 2019, and (ii) Mr. Abrams, together with the Trusts (collectively, the "Abrams Affiliates"), owned 3,611,669 shares of the Company's common stock, representing approximately 20.7% of the Company's outstanding common stock as of January 1, 2019. Pursuant to Securities and Exchange Commission (the "SEC") rules, each of Messrs. Carra and Abrams was deemed to be a "related person" due solely to their status as significant stockholders of the Company.
Aggregate shares of stock redemption						5,640,004
Stock redemption agreement [Member] | Mr. Abrams Debenture [Member]
Stockholders' Equity (Textual)
Debt insturment, Description						The convertible debenture dated January 9, 2017 (the "Abrams Debenture") to extend the maturity date of the Abrams Debenture from January 9, 2022 until January 9, 2030.
Stock redemption agreement [Member] | Minimum [Member] | Chino Valley Lease [Member]
Stockholders' Equity (Textual)
Increase monthly base rent payable						$ 35,000
Stock redemption agreement [Member] | Maximum [Member] | Chino Valley Lease [Member]
Stockholders' Equity (Textual)
Increase monthly base rent payable						40,000
Board of Directors Chairman [Member]
Stockholders' Equity (Textual)
Preferred stock, shares authorized					5,000,000
Preferred stock, par value					$ 0.001
Preferred stock, voting rights description					The holders of the preferred stock are entitled to fifty (50) votes for each share held
Preferred stock outstanding transactions description					At least 51% of the total number of shares of Preferred Stock outstanding.
Shares per price					$ 1
Chief Financial Officer [Member]
Stockholders' Equity (Textual)
Stock-based compensation expense						$ 31,100
Common stock price per share						$ 0.311
Common stock issued for services, shares	100,000
Common stock issued for services, fair value						$ 31,100
Cjk Casa [Member] | Stock redemption agreement [Member] | Minimum [Member]
Stockholders' Equity (Textual)
Percentage of gross revenue fee payable						0.00%
Cjk Casa [Member] | Stock redemption agreement [Member] | Maximum [Member]
Stockholders' Equity (Textual)
Percentage of gross revenue fee payable						10.00%
Broken Arrow [Member] | Stock redemption agreement [Member] | Minimum [Member]
Stockholders' Equity (Textual)
Percentage of gross revenue fee payable						0.00%
Broken Arrow [Member] | Stock redemption agreement [Member] | Maximum [Member]
Stockholders' Equity (Textual)
Percentage of gross revenue fee payable						10.00%
2016 Plan [Member]
Stockholders' Equity (Textual)
Issued shares of common stock, shares			10,000,000
Future issuance shares								9,960,000		9,960,000
Stock option awards								40,000		40,000
2014 Plan [Member]
Stockholders' Equity (Textual)
Number of options outstanding, granted				1,250,000
Number of vested shares				1,100,000
Issued shares of common stock, shares				1,250,000
Terms of plan							The Company also continues to maintain its 2014 Equity Compensation Plan (the "2014 Plan"), pursuant to which 1,250,000 previously awarded stock options are outstanding. The 2014 Plan has been superseded by the 2016 Plan. Accordingly, no additional shares subject to the existing 2014 Plan will be issued and the 1,250,000 shares issuable upon exercise of stock options will be issued pursuant to the 2014 Plan, if exercised.
Stock options [Member]
Stockholders' Equity (Textual)
Shares per price								$ 0.39
Stock-based compensation expense								$ 5,903	$ 7,878
Number of options outstanding, granted								1,290,000
Number of vested shares								1,140,000
Unvested stock-based compensation expense								$ 65,553

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	Apr. 22, 2016	May 23, 2018	Mar. 31, 2019	Mar. 31, 2018	Apr. 30, 2016
Commitments and Contingencies (Textual)
Percentage of rental revenue			95.40%	97.70%
CEO [Member]
Commitments and Contingencies (Textual)
Current base annual salary of CEO		$ 215,000
Bonus payable percentage, description		To award CEO with an annual and/or quarterly bonus payable in either cash and/or equity of no less than 2% of the Company's net income for the associated period.
Employment agreement period		10 years
Zoned Colorado Propertiesl [Member]
Commitments and Contingencies (Textual)
Payment terms of purchase agreement	Of the total purchase price, $274,857, or 55%, will be paid in cash at closing and $225,000, or 45%, will be financed by Seller at an interest rate of 6.5%, amortized over a five-year period, with a balloon payment at the end of the fifth year.
Purchase price of property	$ 499,857
Refundable deposit into escrow			$ 45,000	$ 45,000	$ 45,000