Zoned Properties (ZDPY) 10-Q 14 May 20 2020 Q1 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	3 Months Ended
	Mar. 31, 2020	May 14, 2020
Document and Entity Information [Abstract]
Entity Registrant Name	Zoned Properties, Inc.
Entity Central Index Key	0001279620
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Type	10-Q
Document Period End Date	Mar. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q1
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Shell Company	false
Entity Emerging Growth Company	false
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Incorporation State Country Code	NV
Entity File Number	000-51640
Entity Common Stock, Shares Outstanding		12,011,548

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Mar. 31, 2020	Dec. 31, 2019
ASSETS
Cash	$ 628,841	$ 639,781
Accounts receivable	7,625	8,188
Rental properties, net	7,295,331	7,374,807
Prepaid expenses and other assets	91,310	113,592
Convertible note receivable	100,000
Property and equipment, net	20,492	22,035
Security deposits	1,100	1,100
Total Assets	8,144,699	8,159,503
LIABILITIES:
Convertible note payable	2,000,000	2,000,000
Convertible note payable - related party	20,000	20,000
Accounts payable	19,728
Accrued expenses	120,337	94,641
Accrued expenses - related party	3,300	3,000
Deferred revenues	1,500	1,750
Security deposits payable	74,468	74,468
Total Liabilities	2,239,333	2,193,859
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, 2020 and December 31, 2019 ($1.00 per share liquidation preference)	2,000	2,000
Common stock: $0.001 par value, 100,000,000 shares authorized; 12,011,548 and 11,901,548 issued and outstanding at March 31, 2020 and December 31, 2019, respectively	12,012	11,902
Additional paid-in capital	20,842,834	20,806,452
Accumulated deficit	(14,951,480)	(14,854,710)
Total Stockholders' Equity	5,905,366	5,965,644
Total Liabilities and Stockholders' Equity	$ 8,144,699	$ 8,159,503

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Mar. 31, 2020	Dec. 31, 2019
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	12,011,548	11,901,548
Common stock, shares outstanding	12,011,548	11,901,548

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Sep. 30, 2019
REVENUES:
Rental revenues	$ 276,494	$ 277,736
Advisory revenues	27,375
Total revenues	303,869	277,736
OPERATING EXPENSES:
Compensation and benefits	130,514	122,069
Professional fees	71,413	83,478
General and administrative expenses	57,096	43,602
Depreciation and amortization	90,584	90,558
Real estate taxes	20,964	22,720
Total operating expenses	370,571	362,427
LOSS FROM OPERATIONS	(66,702)	(84,691)
OTHER (EXPENSES) INCOME:
Interest expenses	(30,000)	(30,000)
Interest expenses - related party	(300)	(300)
Other income		108,204
Interest income	232
Total other (expenses) income, net	(30,068)	77,904
LOSS BEFORE INCOME TAXES	(96,770)	(6,787)
PROVISION FOR INCOME TAXES
NET LOSS	$ (96,770)	$ (6,787)
NET LOSS PER COMMON SHARE:
Basic	$ (0.01)	$ 0
Diluted	$ (0.01)	$ 0
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:
Basic	12,004,295	11,948,659
Diluted	12,004,295	11,948,659

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, 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 cancellation		$ (5,640)	5,640
Stock redemption and cancellation, Shares		(5,640,004)
Common stock issued for services		$ 100	31,000		31,100
Common stock issued for services, Shares		100,000
Accretion of stock based compensation related to stock options issued			5,903		5,903
Net 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
Balance at Dec. 31, 2019	$ 2,000	$ 11,902	20,806,452	(14,854,710)	5,965,644
Balance, shares at Dec. 31, 2019	2,000,000	11,901,548
Common stock issued for services		$ 110	24,090		24,200
Common stock issued for services, Shares		110,000
Accretion of stock based compensation related to stock options issued			12,292		12,292
Net loss				(96,770)	(96,770)
Balance at Mar. 31, 2020	$ 2,000	$ 12,012	$ 20,842,834	$ (14,951,480)	$ 5,905,366
Balance, shares at Mar. 31, 2020	2,000,000	12,011,548

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES
Net loss	$ (96,770)	$ (6,787)
Adjustments to reconcile net loss to net cash provided by operating activities:
Depreciation expense	90,584	90,558
Stock-based compensation	24,200	31,100
Stock option expense	12,292	5,903
Change in operating assets and liabilities:
Accounts receivable	563
Prepaid expenses and other assets	22,282	31,811
Accounts payable	19,728	(92,060)
Accrued expenses	25,696	28,933
Accrued expenses - related parties	300	300
Deferred revenues	(250)	(250)
NET CASH PROVIDED BY OPERATING ACTIVITIES	98,625	89,508
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of convertible note receivable	(100,000)
Purchase of rental property improvements	(9,565)
NET CASH USED IN INVESTING ACTIVITIES	(109,565)
NET (DECREASE) INCREASE IN CASH	(10,940)	89,508
CASH, beginning of period	639,781	354,867
CASH, end of period	628,841	444,375
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, 2020
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.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and principles 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 ("GAAP") 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, 2020 and 2019 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 the consolidated financial position, results of operations, and cash flows as of March 31, 2020 and 2019, 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. Accordingly, the condensed consolidated financial statements do not include all the information and notes necessary for a comprehensive presentation of our financial position and results of operations and should be read in conjunction with the audited financial statements of the Company for the year ended December 31, 2019 included in our Annual Report on form 10-K filed with the SEC on March 26, 2020. Effective January 1, 2019, the Company and certain beneficial shareholders entered into a Stock Redemption Agreement. Pursuant to 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 are no longer be deemed to be "related persons" under SEC rules. Accordingly, as of January 1, 2019, the Company no longer reflects transactions and balances related to these beneficial shareholders as related party transactions. Use of estimates The preparation of unaudited condensed consolidated financial statements in conformity with GAAP 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 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, 2020 and 2019 include the collectability of accounts receivable, the useful life of rental properties and property and equipment, assumptions used in assessing impairment of long-term assets, valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions, including options and 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. Additionally, substantially all of the Company's real estate properties are leased under triple-net leases to tenants that are controlled by one entity (each, a "Significant Tenant" and collectively, the "Significant Tenants"). For the three months ended March 31, 2020 and 2019, rental and advisory revenue associated with the Significant Tenants amounted to $286,903 and $264,860, which represents 94.4% and 95.4% of the Company's total revenues, respectively (see Note 3). Fair value of financial instruments The carrying amounts reported in the unaudited condensed consolidated balance sheets for cash, accounts receivable, 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 Company had no cash equivalents at March 31, 2020 and December 31, 2019. The majority of the Company's cash is 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. At March 31, 2020 and December 31, 2019, the Company had approximately $379,000 and $390,000, respectively, of cash in excess of FDIC limits of $250,000. Accounts receivable The Company recognizes an allowance for losses on accounts 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. For the three months ended March 31, 2020 and 2019, the Company did not record any allowances for doubtful accounts. 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, 2020 and 2019, 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. Revenue recognition Effective on January 1, 2018, 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. Currently, the Company's 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. Revenues from advisory services is recognized when the Company performs services pursuant to its agreements with clients and collectability is reasonably assured. 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 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, 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 income (loss) per share is an earnings allocation formula that determines income (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 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, 2020 and 2019. March 31, March 31, Convertible debt 404,000 404,000 Stock options 1,415,000 1,290,000 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. 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 Recently adopted accounting pronouncements Effective January 1, 2019, the Company adopted ASU 2016-02, " Leases (Topic 842)" 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 condensed 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 a 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, 2020
Risks and Uncertainties [Abstract]
CONCENTRATIONS AND RISKS	NOTE 3 – CONCENTRATIONS AND RISKS Lease Agreements with Significant Tenants On May 1, 2018, Chino Valley and Broken Arrow Herbal Center, Inc. ("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 "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 2018 under the prior Chino Valley Lease. The 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 Chino Valley Lease, Broken Arrow agreed to maintain insurance in full force during the term of the Chino Valley Lease and any other period of occupancy of the premises by Broken Arrow. 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 Chino Valley Lease remain in full force and effect. On May 1, 2018, Green Valley 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 "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 2018 under the prior Green Valley Lease. The 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 Green Valley Lease, Broken Arrow agreed to maintain insurance in full force during the term of the Green Valley Lease and any other period of occupancy of the premises by Broken Arrow. On May 1, 2018, Zoned Arizona and CJK, Inc. ("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 "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 2018 under the prior Tempe Leases. The 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 Tempe Lease, CJK agreed to maintain insurance in full force during the term of the Tempe Lease and any other period of occupancy of the premises by CJK. On May 1, 2018, Kingman 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 "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 2018 under the Prior Kingman Lease. The 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 Kingman Lease, CJK agreed to maintain insurance in full force during the term of the Kingman Lease and any other period of occupancy of the premises by CJK. CJK and Broken Arrow were owned at the time of the transactions, 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. CJK and Broken Arrow, together, are referred to as the Company's Significant Tenants. The Tempe Lease, Kingman Lease, Chino Valley Lease and Green Valley Lease (together referred to as the "New Leases") includes a Guarantee of Payment and Performance by Mr. Abrams and the Company's Significant Tenants. As of March 31, 2020 and December 31, 2019, security deposits payable to the Significant Tenants amounted to $71,800. 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, 2020 consists of the following: Future annual base rent: 2020 (remainder of year) $ 743,064 2021 980,005 2022 972,000 2023 972,000 2024 972,000 Thereafter 14,904,000 Total $ 19,543,069 Rental and advisory revenue and accounts receivable –Significant Tenants For the three months ended March 31, 2020 and 2019, rental and advisory revenue associated with the Significant Tenant leases described above amounted to $286,903 and $264,860, which represents 94.4% and 95.4% of the Company's total revenues, respectively. At March 31, 2020 and December 31, 2019, accounts receivable from the Significant Tenant amounted to $6,625 and $8,188, 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, 2020 and December 31, 2019, the Company had an asset concentration related to the Significant Tenants. As of March 31, 2020 and December 31, 2019, the Significant Tenants represented approximately 86.3% and 87.1% of the Company's total assets, respectively. Through March 31, 2020, all rental payments have been made on a timely basis. As of March 31, 2020, 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 6). 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, as part of a Stock Redemption Agreement, 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, as part of the Stock Redemption Agreement, 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, 2020
Rental Properties [Abstract]
RENTAL PROPERTIES	NOTE 4 – RENTAL PROPERTIES At March 31, 2020 and December 31, 2019, rental properties, net consisted of the following: Description Useful Life March 31, December 31, Building and building improvements 5-39 $ 6,260,524 $ 6,250,959 Land - 2,283,214 2,283,214 Rental properties, at cost 8,543,738 8,534,173 Less: accumulated depreciation (1,248,407 ) (1,159,366 ) Rental properties, net $ 7,295,331 $ 7,374,807 For the three months ended March 31, 2020 and 2019, depreciation and amortization of rental properties amounted to $89,041 and $88,820, respectively.

Convertible Note Receivable

Convertible Note Receivable	3 Months Ended
	Mar. 31, 2020
Convertible Note Receivable [Abstract]
Convertible Note Receivable	NOTE 5 – CONVERTIBLE NOTE RECEIVABLE On March 19, 2020, the Company made an initial investment of $100,000 into KCB Jade Holdings, LLC ("KCB"). In exchange for the investment, KCB issued to the Company a convertible debenture (the "KCB Debenture") dated March 19, 2020 (the "Issuance Date") in the original principal amount of $100,000. The KCB Debenture bears interest at the rate of 6.5% per annum and matures on March 19, 2025 (the "Maturity Date"). Interest on the outstanding principal sum of the KCB Debenture commences accruing on the Issuance Date and is computed on the basis of a 365-day year and the actual number of days elapsed, and shall be payable annually due by the first day of each calendar anniversary following the Issuance Date. KCB may prepay the KCB Debenture at any point after 18 months following the Issuance Date, in whole or in part. However, if KCB elects to prepay the KCB Debenture prior to the Maturity Date or prior to any conversion as provided in the KCB Debenture in whole or in part, the Company will be entitled to receive a number of KCB units, in addition to such prepayment amount, constituting 10% of the total outstanding units and 10% of the total percentage interest following such issuance and at the time of such issuance. On or after six months from the Issuance Date, the Company may convert all or a portion of the principal balance and all accrued and unpaid interest due into a number of units equal to the proportion of the outstanding amount being converted multiplied by 33% of the total number of units issued and outstanding at the time of conversion, constituting 33% of the total percentage interest (the "Conversion Percentage"). If KCB defaults on payment of the KCB Debenture, the Company may, at its option, extend all conversion rights, through and including the date KCB tenders or attempts to tender payment in full of all amounts due under the KCB Debenture. Conversion rights terminate upon acceptance by the Company of payment in full of principal, accrued interest and any other amounts due under the KCB Debenture. If (i) KCB does not elect to exercise its rights of prepayment prior to the Maturity Date, (ii) the Company does not elect to exercise its rights of conversion, and (iii) KCB pays to the Company all outstanding principal and interest accrued and due under the terms of the KCB Debenture on the Maturity Date, the Company will still be entitled to receive a number of units, in addition to such payment amount, constituting 8% of the total outstanding units and 8% of the total percentage interest following such issuance and at the time of such issuance. Upon the occurrence of an Event of Default, as defined in the KCB Debenture, the entire principal balance and accrued and unpaid interest outstanding under the KCB Debenture, and all other obligations of KCB under the KCB Debenture, will be immediately due and payable and the Company may exercise any and all rights, power and remedies available to it at law or in equity or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in the KCB Debenture and proceed to enforce the payment thereof or any other legal or equitable right of the Company. Any amount of principal or interest not paid when due will bear interest at the rate of 12% per annum from the due date thereof until paid. At March 31, 2020, convertible note receivable and interest receivable amounted to $100,000 and $232, respectively.

Convertible Note Payable

Convertible Note Payable	3 Months Ended
	Mar. 31, 2020
Debt Disclosure [Abstract]
CONVERTIBLE NOTE PAYABLE	NOTE 6 – 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, 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 the Abrams Debenture at any point after nine months, in whole or in part. Pursuant to the terms of the Abrams Debenture, Mr. Abrams 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, Mr. Abrams 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 Abrams 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 Abrams Debenture), Mr. Abrams may (i) declare the entire principal amount and all accrued and unpaid interest under the Abrams Debenture immediately due and payable, and (ii) exercise any and all rights, powers and remedies available to Mr. Abrams at law or in equity or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in the Abrams Debenture and proceed to enforce the payment thereof or any other legal or equitable right of Mr. Abrams. 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, 2020 and December 31, 2019, the principal balance due under the Abrams Debenture is $2,000,000. As of March 31, 2020 and December 31, 2019, accrued interest payable due under the Abrams Debenture was $30,000 which is included in accrued expenses on the accompanying unaudited condensed consolidated balance sheets. For the three months ended March 31, 2020 and 2019, interest expense related to the Abrams Debenture amounted to $30,000.

Related Party Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2020
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	NOTE 7 – RELATED PARTY TRANSACTIONS 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, Mr. McLaren 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 McLaren 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 McLaren Debenture), Mr. McLaren may (i) declare the entire principal amount and all accrued and unpaid interest under the McLaren Debenture immediately due and payable, and (ii) exercise any and all rights, powers and remedies available to Mr. McLaren at law or in equity or other appropriate proceeding, whether for the specific performance of any covenant or agreement contained in the McLaren Debenture and proceed to enforce the payment thereof or any other legal or equitable right of Mr. McLaren. As of March 31, 2020 and December 31, 2019, the principal balance due under the McLaren Debenture is $20,000. As of March 31, 2020 and December 31, 2019, accrued interest payable due under the McLaren Debenture is $3,300 and $3,000, respectively, which is included in accrued expenses – related party on the accompanying unaudited condensed consolidated balance sheets. For the three months ended March 31, 2020 and 2019, interest expense – related party amounted to $300.

Stockholders' Equity

Stockholders' Equity	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
STOCKHOLDERS' EQUITY	NOTE 8 – 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, $0.001 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 of preferred stock 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 which is included in compensation and benefits on the unaudited condensed consolidated statements of operations. On January 6, 2020, the Company issued an aggregate of 110,000 shares of common stock to members of the Company's board of directors for services rendered. The shares were valued at their aggregate fair value of $24,200 using the quoted per share price on the date of grant of $0.22. In connection with these grants, in January 2020, the Company recorded stock-based compensation expense of $24,200 which is included in compensation and benefits on the unaudited condensed consolidated statements of operations. (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 of 1986, as amended, 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 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, 2020, 165,000 stock option awards are outstanding and 75,000 options are exercisable under the 2016 Plan. As of December 31, 2019, 40,000 stock option awards are outstanding and 40,000 options are exercisable under the 2016 Plan. As of March 31, 2020 and December 31, 2019, 9,835,000 and 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, 2020 and December 31, 2019, options to purchase 1,250,000 shares of common stock are outstanding and 1,125,000 options are exercisable pursuant to the 2014 Plan. (D) Stock options On January 6, 2020, the Company granted an employee an option, pursuant to the 2016 Plan, to purchase 125,000 of the Company's common stock at an exercise price of $1.00 per share. The grant date of the option was January 6, 2020 and the option expires on January 6, 2030. The option vests as to (i) 35,000 of such shares on January 6, 2020, and (ii) as to 10,000 of such shares on January 6, 2021 and each year thereafter through January 6, 2029. The fair value of this option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: dividend yield of 0%; expected volatility of 110%; risk-free interest rate of 1.81%; and, an estimated holding period of 10 years. In connection with these options, the Company valued these options at a fair value of $23,388 and will record stock-based compensation expense over the vesting period. For the three months ended March 31, 2020 and 2019, in connection with the accretion of stock-based option expense, the Company recorded stock-based compensation expense of $12,292 and $5,903, respectively. As of March 31, 2020, there were 1,415,000 options outstanding and 1,200,000 options vested and exercisable. As of March 31, 2020, there was $58,939 of unvested stock-based compensation expense to be recognized through December 2028. The aggregate intrinsic value at December 31, 2019 was nil and was calculated based on the difference between the quoted share price on December 31, 2019 of $0.21 and the exercise price of the underlying options. Stock option activities for the three months ended March 31, 2020 are summarized as follows: Number of Weighted Average Exercise Weighted Average Remaining Contractual Term Aggregate Intrinsic Balance Outstanding December 31, 2019 1,290,000 $ 0.99 5.74 $ - Granted 125,000 1.00 - - Balance Outstanding March 31, 2020 1,415,000 $ 0.99 5.87 $ - Exercisable, March 31, 2020 1,200,000 $ 0.99 5.49 - Balance Non-vested at December 31, 2019 125,000 $ 1.00 $ - Granted 125,000 1.00 Vested during the period (35,000 ) 1.00 - - Balance Non-vested at March 31, 2020 215,000 $ 1.00 8.02 $ -

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
	Mar. 31, 2020
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 9 – COMMITMENTS AND CONTINGENCIES Rental property acquisition On April 22, 2016, 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 unaudited condensed consolidated balance sheets as of March 31, 2020 and December 31, 2019. As of March 31, 2020, 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, 2020, 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. 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" and together with the Broken Arrow CASA, the "CASAs"), with a term expiring on April 30, 2040, unless earlier terminated as provided in the CJK CASA. The CASAs may be terminated prior to the expiration of their respective 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 the CASAs. Pursuant to the terms of the CASAs, 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"). Effective January 1, 2019, the parties agreed to amend the May 1, 2018 leases to reduce the Revenue Fee payable pursuant to each of the CASAs from 10% of gross revenue to 0% of gross revenue. Employment and Related Golden Parachute Agreement On May 23, 2018, the Company and Mr. McLaren, the Company's President, Chief Executive Officer, Chief Financial Officer and Chairman of the Board, agreed to replace Mr. McLaren'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 Mr. McLaren his then-current base annual salary of $215,000, and to award Mr. McLaren 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 Mr. McLaren's employment will terminate (a "Termination") in any of the following circumstances: (i) immediately, if Mr. McLaren dies; (ii) immediately, if Mr. McLaren receives benefits under the long-term disability insurance coverage then provided by the Company or, if no such insurance is in effect, upon Mr. McLaren'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 Mr. McLaren of the basis for such Termination; (v) at the option of the Company, without Cause; (vi) by Mr. McLaren 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 Mr. McLaren 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 Mr. McLaren, except for his obligation under the restrictive covenants in the 2018 Employment Agreement. The Company and Mr. McLaren 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. 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 Mr. McLaren's authority, duties or responsibility from those in effect immediately prior to the change in control of the Company; (b) a material diminution in Mr. McLaren's base compensation; (c) a material change in the geographic location at which Mr. McLaren performs his duties; (d) a material diminution in the authority, duties, or responsibilities of the supervisor to whom Mr. McLaren is required to report, including a requirement that Mr. McLaren report to a corporate officer or employee instead of reporting directly to the Board; (e) a material diminution in the budget over which Mr. McLaren retains authority; (f) a material breach under any agreement with the Company to continue in effect any bonus to which Mr. McLaren was entitled, or any compensation plan in which Mr. McLaren participates immediately prior to the change in control of the Company which is material to Mr. McLaren's total compensation; (g) a material breach under any agreement with the Company to provide Mr. McLaren benefits substantially similar to those enjoyed by him 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 Mr. McLaren with a Company automobile or allowance in lieu of it, if Mr. McLaren 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 him of any material fringe benefit enjoyed by him 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 Mr. McLaren's employment or during a period of disability, Mr. McLaren will be entitled to the following benefits: (i) During any period that he fails to perform his full-time duties with the Company as a result of incapacity due to physical or mental illness, Mr. McLaren 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 him under any compensation plan of the Company during such period, until the Golden Parachute Agreement is terminated. (ii) If Mr. McLaren's employment is terminated by the Company for Cause or by Mr. McLaren other than for Good Reason, disability, death or retirement, the Company will pay Mr. McLaren 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 he 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 Mr. McLaren for Good Reason, Mr. McLaren will be entitled to benefits provided below: a. The Company will pay Mr. McLaren 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 he is entitled under any compensation plan of the Company. b. In lieu of any further salary payments to Mr. McLaren for periods subsequent to the date of Termination, the Company will pay as severance pay to Mr. McLaren a lump sum severance payment (together with the payments provided in clauses (c) and (d) below) equal to five times the sum of his 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 Mr. McLaren any deferred compensation allocated or credited to him 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 Mr. McLaren under the Company's stock option plans (which options shall be cancelled upon the making of the payment referred to below), Mr. McLaren 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 Mr. McLaren (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 Mr. McLaren all legal fees and expenses incurred by him as a result of such Termination.

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Policies)	3 Months Ended
	Mar. 31, 2020
Accounting Policies [Abstract]
Basis of presentation and principles of consolidation	Basis of presentation and principles 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 ("GAAP") 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, 2020 and 2019 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 the consolidated financial position, results of operations, and cash flows as of March 31, 2020 and 2019, 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. Accordingly, the condensed consolidated financial statements do not include all the information and notes necessary for a comprehensive presentation of our financial position and results of operations and should be read in conjunction with the audited financial statements of the Company for the year ended December 31, 2019 included in our Annual Report on form 10-K filed with the SEC on March 26, 2020. Effective January 1, 2019, the Company and certain beneficial shareholders entered into a Stock Redemption Agreement. Pursuant to 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 are no longer be deemed to be "related persons" under SEC rules. Accordingly, as of January 1, 2019, the Company no longer reflects transactions and balances related to these beneficial shareholders as related party transactions.
Use of estimates	Use of estimates The preparation of unaudited condensed consolidated financial statements in conformity with GAAP 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 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, 2020 and 2019 include the collectability of accounts receivable, the useful life of rental properties and property and equipment, assumptions used in assessing impairment of long-term assets, valuation allowances for deferred tax assets, and the fair value of non-cash equity transactions, including options and 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. Additionally, substantially all of the Company's real estate properties are leased under triple-net leases to tenants that are controlled by one entity (each, a "Significant Tenant" and collectively, the "Significant Tenants"). For the three months ended March 31, 2020 and 2019, rental and advisory revenue associated with the Significant Tenants amounted to $286,903 and $264,860, which represents 94.4% and 95.4% of the Company's total revenues, respectively (see Note 3).
Fair value of financial instruments	Fair value of financial instruments The carrying amounts reported in the unaudited condensed consolidated balance sheets for cash, accounts receivable, 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 Company had no cash equivalents at March 31, 2020 and December 31, 2019. The majority of the Company's cash is 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. At March 31, 2020 and December 31, 2019, the Company had approximately $379,000 and $390,000, respectively, of cash in excess of FDIC limits of $250,000.
Accounts receivable	Accounts receivable The Company recognizes an allowance for losses on accounts 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. For the three months ended March 31, 2020 and 2019, the Company did not record any allowances for doubtful accounts.
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, 2020 and 2019, 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.
Revenue recognition	Revenue recognition Effective on January 1, 2018, 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. Currently, the Company's 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. Revenues from advisory services is recognized when the Company performs services pursuant to its agreements with clients and collectability is reasonably assured.
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 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, 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 income (loss) per share is an earnings allocation formula that determines income (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 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, 2020 and 2019. March 31, March 31, Convertible debt 404,000 404,000 Stock options 1,415,000 1,290,000
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.
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
Recently adopted accounting pronouncements	Recently adopted accounting pronouncements Effective January 1, 2019, the Company adopted ASU 2016-02, " Leases (Topic 842)" 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 condensed 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 a 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, 2020
Accounting Policies [Abstract]
Schedule of potentially dilutive shares have been excluded from the calculation of diluted net (loss) per share	March 31, March 31, Convertible debt 404,000 404,000 Stock options 1,415,000 1,290,000

Concentrations and Risks (Table

Concentrations and Risks (Tables)	3 Months Ended
	Mar. 31, 2020
Risks and Uncertainties [Abstract]
Schedule of future minimum lease payments	Future annual base rent: 2020 (remainder of year) $ 743,064 2021 980,005 2022 972,000 2023 972,000 2024 972,000 Thereafter 14,904,000 Total $ 19,543,069

Rental Properties (Tables)

Rental Properties (Tables)	3 Months Ended
	Mar. 31, 2020
Rental Properties [Abstract]
Schedule of rental properties, net	Description Useful Life March 31, December 31, Building and building improvements 5-39 $ 6,260,524 $ 6,250,959 Land - 2,283,214 2,283,214 Rental properties, at cost 8,543,738 8,534,173 Less: accumulated depreciation (1,248,407 ) (1,159,366 ) Rental properties, net $ 7,295,331 $ 7,374,807

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	3 Months Ended
	Mar. 31, 2020
Equity [Abstract]
Schedule of stock option activities	Number of Weighted Average Exercise Weighted Average Remaining Contractual Term Aggregate Intrinsic Balance Outstanding December 31, 2019 1,290,000 $ 0.99 5.74 $ - Granted 125,000 1.00 - - Balance Outstanding March 31, 2020 1,415,000 $ 0.99 5.87 $ - Exercisable, March 31, 2020 1,200,000 $ 0.99 5.49 - Balance Non-vested at December 31, 2019 125,000 $ 1.00 $ - Granted 125,000 1.00 Vested during the period (35,000 ) 1.00 - - Balance Non-vested at March 31, 2020 215,000 $ 1.00 8.02 $ -

Summary of Significant Accoun_4

Summary of Significant Accounting Policies (Details) - shares	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
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	1,415,000	1,290,000

Summary of Significant Accoun_5

Summary of Significant Accounting Policies (Details Textual) - USD ($)	Jan. 03, 2019	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Summary of Significant Accounting Policies (Textual)
Amount of cash excess of FDIC		$ 379,000		$ 390,000
Federal deposit insurance corporation limits		250,000
Rental and advisory revenue		$ 286,903	$ 264,860
Percentage of rental and advisory revenue		94.40%	95.40%
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
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, 2020USD ($)
Future annual base rent:
2020 (remainder of year)	$ 743,064
2021	980,005
2022	972,000
2023	972,000
2024	972,000
Thereafter	14,904,000
Total	$ 19,543,069

Concentrations and Risks (Det_2

Concentrations and Risks (Details Textual) - USD ($)	Jan. 03, 2019	May 01, 2018	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 2019
Concentrations (Textual)
Rental revenue			$ 286,903	$ 264,860
Percentage of total revenues			94.40%	95.40%
Accounts receivable			$ 6,625		$ 8,188
Security deposits payable - related parties			$ 71,800		$ 71,800
Tenants [Member]
Concentrations (Textual)
Percentage of total revenues			86.30%		87.10%
Chino Valley Lease [Member]
Concentrations (Textual)
Rental revenue		$ 35,000
Lease expiration date		Apr. 30, 2040
Lease term		22 years
Base rent per month		$ 35,000
Chino Valley Lease [Member] | Minimum [Member]
Concentrations (Textual)
Base rent per month	$ 35,000
Chino Valley Lease [Member] | Maximum [Member]
Concentrations (Textual)
Base rent per month	$ 40,000
New Green Valley Lease [Member]
Concentrations (Textual)
Lease expiration date		Apr. 30, 2040
Lease term		22 years
Base rent per month		$ 3,500
Zoned Arizona [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 revenues		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 revenues		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.

Rental Properties (Details)

Rental Properties (Details) - USD ($)	3 Months Ended
	Mar. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment [Line Items]
Rental properties, at cost	$ 8,543,738	$ 8,534,173
Less: accumulated depreciation	(1,248,407)	(1,159,366)
Rental properties, net	7,295,331	7,374,807
Building and building improvements [Member]
Property, Plant and Equipment [Line Items]
Rental properties, at cost	$ 6,260,524	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

Rental Properties (Details Text

Rental Properties (Details Textual) - USD ($)	3 Months Ended
	Mar. 31, 2020	Mar. 31, 2019
Rental Properties (Textual)
Depreciation and amortization of rental properties	$ 89,041	$ 88,820

Convertible Note Receivable (De

Convertible Note Receivable (Details) - KCB Debenture [Member] - USD ($)	1 Months Ended
	Mar. 31, 2020	Mar. 19, 2020
Convertible Note Receivable (Textual)
Initial investment		$ 100,000
Original principal amount		$ 100,000
Bears interest rate	12.00%	6.50%
Maturity date		Mar. 19, 2025
Debt instrument, description	The Company may convert all or a portion of the principal balance and all accrued and unpaid interest due into a number of units equal to the proportion of the outstanding amount being converted multiplied by 33% of the total number of units issued and outstanding at the time of conversion, constituting 33% of the total percentage interest (the "Conversion Percentage").	Constituting 10% of the total outstanding units and 10% of the total percentage interest following such issuance and at the time of such issuance.
Convertible note receivable	$ 100,000
Interest receivable	$ 232
Convertible note receivable, description		(i) KCB does not elect to exercise its rights of prepayment prior to the Maturity Date, (ii) the Company does not elect to exercise its rights of conversion, and (iii) KCB pays to the Company all outstanding principal and interest accrued and due under the terms of the KCB Debenture on the Maturity Date, the Company will still be entitled to receive a number of units, in addition to such payment amount, constituting 8% of the total outstanding units and 8% of the total percentage interest following such issuance and at the time of such issuance.

Convertible Note Payable (Detai

Convertible Note Payable (Details) - USD ($)	Jan. 02, 2019	Jan. 09, 2017	Mar. 31, 2020	Mar. 31, 2019	Dec. 31, 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
Debt insturment, Description	Extend the maturity date of the Abrams Debenture from January 9, 2022 to January 9, 2030.
Bear interest rate		12.00%
Originally due on		Jan. 9, 2022
Mr. Abrams Debenture [Member]
Debt Instrument [Line Items]
Accrued interest payable			$ 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

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Jan. 09, 2017	Mar. 31, 2020	Sep. 30, 2019	Mar. 31, 2019	Dec. 31, 2019	Dec. 31, 2018
Related Party Transactions (Textual)
Interest expenses - related parties		$ 300	$ 300
Mr Mclaren [Member]
Related Party Transactions (Textual)
Convertible notes payable exchange cash	$ 20,000
Accrued interest payable		3,300			$ 3,000
Principal balance of debentures		20,000			20,000
Principal amount of convertible debt	$ 20,000
Mr. Abrams Debenture [Member]
Related Party Transactions (Textual)
Convertible notes payable exchange cash						$ 2,000,000
Interest expenses - related parties		300		$ 300
Accrued interest payable		$ 30,000			$ 30,000
Convertible Debenture [Member]
Related Party Transactions (Textual)
Maturity date of debt	Jan. 9, 2022
Common stock conversion price per share	$ 5
Debentures accrued interest	6.00%
Bear interest rate	12.00%

Stockholders' Equity (Details)

Stockholders' Equity (Details)	3 Months Ended
	Mar. 31, 2020USD ($)$ / sharesshares
Equity [Abstract]
Number of Options, Outstanding, Beginning balance | shares	1,290,000
Number of Options Outstanding, Granted | shares	125,000
Number of Options, Outstanding, Ending balance | shares	1,415,000
Number of Options, Exercisable | shares	1,200,000
Weighted Average Exercise Price, Beginning balance | $ / shares	$ 0.99
Weighted Average Exercise Price, Granted | $ / shares	1
Weighted Average Exercise Price, Ending balance | $ / shares	0.99
Weighted Average Exercise Price, Exercisable | $ / shares	$ 0.99
Weighted Average Remaining Contractual Term (Years), Outstanding, Beginning balance	5 years 8 months 26 days
Weighted Average Remaining Contractual Term (Years), Outstanding, Ending balance	5 years 10 months 14 days
Weighted Average Remaining Contractual Term (Years), Exercisable	5 years 5 months 27 days
Aggregate Intrinsic Value, Beginning balance | $
Aggregate Intrinsic Value, Granted | $
Aggregate Intrinsic Value, Ending balance | $
Aggregate Intrinsic Value, Exercisable | $
Number of shares, Balance Non-vested at December 31, 2019 | shares	125,000
Number of shares, granted non-vested | shares	125,000
Number of shares, Vested during the year | shares	(35,000)
Number of shares, Balance Non-vested at march 31, 2020 | shares	215,000
, Balance Non-vested at December 31, 2018 | $ / shares	$ 1
Weighted Average Exercise Price, granted non-vested | $ / shares	1
Weighted Average Exercise Price, Vested during the year | $ / shares	1
Weighted Average Exercise Price, Balance Non-vested at June 30, 2019 | $ / shares	$ 1
Weighted Average Remaining Contractual Term (Years), Balance Non-vested at march 31, 2020	8 years 7 days
Aggregate Intrinsic Value, Balance Non-vested at December 31, 2019 | $
Aggregate Intrinsic Value, Balance vested | $
Aggregate Intrinsic Value, Balance Non-vested at march 31, 2020 | $

Stockholders' Equity (Details T

Stockholders' Equity (Details Textual) - USD ($)	Jan. 06, 2020	Jan. 14, 2019	Aug. 09, 2016	Dec. 13, 2013	Jan. 31, 2020	Jan. 31, 2019	Mar. 31, 2020	Dec. 31, 2019
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							125,000
Preferred Stock [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
Directors [Member]
Stockholders' Equity (Textual)
Stock-based compensation expense					$ 24,200	$ 31,100
Common stock price per share					$ 0.22	$ 0.311
Common stock issued for services, shares	110,000	100,000
Common stock issued for services, fair value					$ 24,200	$ 31,100
2016 Plan [Member]
Stockholders' Equity (Textual)
Issued shares of common stock, shares			10,000,000
Future issuance shares							9,835,000	9,960,000
Stock option awards							165,000	40,000
Stock option exercisable							75,000	40,000
2014 Plan [Member]
Stockholders' Equity (Textual)
Number of options outstanding, granted			1,250,000
Number of vested shares			1,250,000
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 option exercisable							1,125,000	1,125,000
Stock option to purchase							$ 1,250,000	$ 1,250,000
Stock options [Member]
Stockholders' Equity (Textual)
Purchase of common stock	125,000
Stock option grant date	Jan. 6, 2020
Shares per price								$ 0.21
Sale of stock, description	(i) 35,000 of such shares on January 6, 2020, and (ii) as to 10,000 of such shares on January 6, 2021 and each year thereafter through January 6, 2029. The fair value of this option grant was estimated on the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions: dividend yield of 0%; expected volatility of 110%; risk-free interest rate of 1.81%; and, an estimated holding period of 10 years. In connection with these options, the Company valued these options at a fair value of $23,388 and will record stock-based compensation expense over the vesting period.
Stock-based compensation expense							$ 12,292	$ 5,903
Number of options outstanding, granted							1,415,000	1,200,000
Exercise price	$ 1
Unvested stock-based compensation expense							$ 58,939
Options expiration date	Jan. 6, 2030

Commitments and Contingencies (

Commitments and Contingencies (Details) - USD ($)	May 01, 2018	Apr. 22, 2016	May 23, 2018	Mar. 31, 2020	Mar. 31, 2019	May 03, 2018	Apr. 30, 2016
Chief Executive Officer [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
Confidential Advisory Services Agreements, description	Pursuant to the terms of the CASAs, 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"). Effective January 1, 2019, the parties agreed to amend the May 1, 2018 leases to reduce the Revenue Fee payable pursuant to each of the CASAs from 10% of gross revenue to 0% of gross revenue.
Term expiring						Apr. 30, 2040