Mobile Infrastructure (MBIC) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2022	Aug. 11, 2022
Document Information [Line Items]
Entity Central Index Key	0001642985
Entity Registrant Name	Mobile Infrastructure Corp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Jun. 30, 2022
Document Transition Report	false
Entity File Number	000-55760
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	47-3945882
Entity Address, Address Line One	30 W. 4th Street
Entity Address, City or Town	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	513
Local Phone Number	834-5110
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		7,762,375

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Investments in real estate
Land and improvements	$ 167,538,000	$ 166,224,000
Buildings and improvements	271,046,000	254,379,000
Construction in progress	461,000	89,000
Intangible assets	10,025,000	9,756,000
Real Estate Investment Property, at Cost, Total	449,070,000	430,448,000
Accumulated depreciation and amortization	(26,844,000)	(22,873,000)
Total investments in real estate, net	422,226,000	407,575,000
Fixed Assets, net of accumulated depreciation of $112,000 and $94,000 as of June 30, 2022 and December 31, 2021 , respectively	296,000	61,000
Cash	8,623,000	11,805,000
Cash – restricted	5,357,000	4,891,000
Prepaid expenses	544,000	676,000
Accounts receivable, net allowance of doubtful accounts of $0.1 million as of December 31, 2021. No allowance as of June 30, 2022.	2,494,000	4,031,000
Other assets	121,000	108,000
Total assets	439,661,000	429,147,000
Liabilities
Notes payable and paycheck protection program loan, net	150,299,000	207,153,000
Line of credit, net	72,106,000	0
Accounts payable and accrued expenses	18,530,000	13,849,000
Indemnification Liability	2,000,000	2,000,000
Security deposits	185,000	166,000
Deferred revenue	101,000	155,000
Total liabilities	243,221,000	223,323,000
Mobile Infrastructure Corporation Stockholders’ Equity
Preferred stock	0	0
Common stock, $0.0001 par value, 98,999,000 shares authorized, 7,762,375 shares issued and outstanding as of June 30, 2022 and December 31, 2021	0	0
Warrants issued and outstanding – 1,702,128 warrants as of June 30, 2022 and December 31, 2021, respectively	3,319,000	3,319,000
Additional paid-in capital	194,676,000	196,176,000
Accumulated deficit	(104,541,000)	(101,049,000)
Total Mobile Infrastructure Corporation Stockholders’ Equity	93,454,000	98,446,000
Non-controlling interest	102,986,000	107,378,000
Total equity	196,440,000	205,824,000
Total liabilities and equity	439,661,000	429,147,000
Series A Preferred Stock [Member]
Mobile Infrastructure Corporation Stockholders’ Equity
Preferred stock	0	0
Nonvoting Preferred Stock [Member]
Mobile Infrastructure Corporation Stockholders’ Equity
Preferred stock	$ 0	$ 0

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Accumulated depreciation	$ 112,000	$ 94,000
Allowance of doubtful accounts	$ 0	$ 100,000
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	98,999,000	98,999,000
Common stock, shares issued (in shares)	7,762,375	7,762,375
Common stock, shares outstanding (in shares)	7,762,375	7,762,375
Warrant issued (in shares)	1,702,128	1,702,128
Warrant outstanding (in shares)	1,702,128	1,702,128
Series A Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	50,000	50,000
Preferred stock, shares issued (in shares)	2,862	2,862
Preferred stock, shares outstanding (in shares)	2,862	2,862
Preferred stock, liquidation preference	$ 2,862,000	$ 2,862,000
Series1 Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	97,000	97,000
Preferred stock, shares issued (in shares)	39,811	39,811
Preferred stock, shares outstanding (in shares)	39,811	39,811
Preferred stock, liquidation preference	$ 39,811,000	$ 39,811,000
Nonvoting Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	1,000	1,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues
Management income	$ 427,000	$ 663,000	$ 427,000	$ 1,004,000
Total revenues	7,405,000	3,818,000	13,785,000	7,529,000
Operating expenses
Property taxes	1,844,000	1,173,000	3,680,000	2,302,000
Property operating expense	731,000	274,000	1,568,000	556,000
General and administrative	1,882,000	1,428,000	3,388,000	2,860,000
Professional fees, net of reimbursement of insurance proceeds	532,000	56,000	1,562,000	1,830,000
Organizational and offering costs	1,567,000	0	2,525,000	0
Depreciation and amortization	2,021,000	1,258,000	3,988,000	2,516,000
Total operating expenses	8,577,000	4,189,000	16,711,000	10,064,000
Other income (expense)
Interest expense	(3,168,000)	(2,092,000)	(5,707,000)	(4,296,000)
PPP loan forgiveness	328,000	348,000	328,000	348,000
Other Income	15,000	0	30,000	0
Total other income (expense)	(2,825,000)	(1,744,000)	(5,349,000)	(3,948,000)
Net income (loss)	(3,997,000)	(2,115,000)	(8,275,000)	(6,483,000)
Less net loss attributable to non-controlling interest	(2,311,000)	(10,000)	(4,783,000)	(10,000)
Net loss attributable to Mobile Infrastructure Corporation’s stockholders	(1,686,000)	(2,105,000)	(3,492,000)	(6,473,000)
Net loss attributable to Mobile Infrastructure Corporation’s common stockholders	$ (2,436,000)	$ (2,855,000)	$ (4,992,000)	$ (7,973,000)
Basic and diluted loss per weighted average common share:
Net loss per share attributable to Mobile Infrastructure Corporation’s common stockholders - basic and diluted (in dollars per share)	$ (0.31)	$ (0.37)	$ (0.64)	$ (1.03)
Weighted average common shares outstanding, basic and diluted (in shares)	7,762,375	7,739,952	7,762,375	7,735,888
Series A Preferred Stock [Member]
Other income (expense)
Preferred stock distributions declared	$ (54,000)	$ (54,000)	$ (108,000)	$ (108,000)
Series1 Preferred Stock [Member]
Other income (expense)
Preferred stock distributions declared	(696,000)	(696,000)	(1,392,000)	(1,392,000)
Base Rent Income [Member]
Revenues
Rent income	2,122,000	3,062,000	4,173,000	6,285,000
Percentage Rent Income [Member]
Revenues
Rent income	$ 4,856,000	$ 93,000	$ 9,185,000	$ 240,000

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)	Preferred Stock [Member] Series A Preferred Stock [Member]	Preferred Stock [Member] Series1 Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member] Series A Preferred Stock [Member]	Common Stock [Member] Series1 Preferred Stock [Member]	Common Stock [Member]	Additional Paid-in Capital [Member] Series A Preferred Stock [Member]	Additional Paid-in Capital [Member] Series1 Preferred Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member] Series A Preferred Stock [Member]	Retained Earnings [Member] Series1 Preferred Stock [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member] Series A Preferred Stock [Member]	Noncontrolling Interest [Member] Series1 Preferred Stock [Member]	Noncontrolling Interest [Member]	Warrants [Member] Series A Preferred Stock [Member]	Warrants [Member] Series1 Preferred Stock [Member]	Warrants [Member]	Series A Preferred Stock [Member]	Series1 Preferred Stock [Member]	Total
Balance (in shares) at Dec. 31, 2020			42,673			7,727,696
Balance at Dec. 31, 2020			$ 0			$ 0			$ 198,769,000			$ (89,985,000)			$ 2,034,000						$ 110,818,000
Distributions	$ 0	$ 0		$ 0	$ 0		$ (54,000)	$ (696,000)		$ 0	$ 0		$ 0	$ 0					$ (54,000)	$ (696,000)
Net loss			$ 0			$ 0			0			(4,368,000)			0						(4,368,000)
Stock Awards (in shares)			0			12,255
Stock Awards			$ 0			$ 0			144,000			0			0						144,000
Balance (in shares) at Mar. 31, 2021			42,673			7,739,951
Balance at Mar. 31, 2021			$ 0			$ 0			198,163,000			(94,353,000)			2,034,000						105,844,000
Distributions	0	0		0	0		(54,000)	(696,000)		0	0		0	0					(54,000)	(696,000)
Net loss			$ 0			$ 0			0			(2,105,000)			(10,000)						(2,115,000)
Balance (in shares) at Jun. 30, 2021			42,673			7,739,951
Balance at Jun. 30, 2021			$ 0			$ 0			197,413,000			(96,458,000)			2,024,000						102,979,000
Balance (in shares) at Dec. 31, 2021			42,673			7,762,375
Balance at Dec. 31, 2021			$ 0			$ 0			196,176,000			(101,049,000)			107,378,000			$ 3,319,000			205,824,000
Distributions	0	0		0	0		(54,000)	(696,000)		0	0		0	0					(54,000)	(696,000)
Net loss			$ 0			$ 0			0			(1,806,000)			(2,472,000)						(4,278,000)
Balance (in shares) at Mar. 31, 2022			42,673			7,762,375
Balance at Mar. 31, 2022			$ 0			$ 0			195,426,000			(102,855,000)			104,906,000			3,319,000			200,796,000
Distributions	$ 0	$ 0		$ 0	$ 0		$ (54,000)	$ (696,000)		$ 0	$ 0		$ 0	$ 0		$ 0	$ 0		$ (54,000)	$ (696,000)
Net loss			0			0			0			(1,686,000)			(2,311,000)			0			(3,997,000)
Equity based payments			$ 0			$ 0			0			0			391,000			0			391,000
Balance (in shares) at Jun. 30, 2022			42,673			7,762,375
Balance at Jun. 30, 2022			$ 0			$ 0			$ 194,676,000			$ (104,541,000)			$ 102,986,000			$ 3,319,000			$ 196,440,000

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Cash flows from operating activities:
Net Loss	$ (8,275,000)	$ (6,483,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Depreciation and amortization expense	3,988,000	2,516,000
Amortization of loan costs	686,000	149,000
PPP Forgiveness	(328,000)	(348,000)
Amortization of right of use lease asset	0	57,000
Equity based payments	391,000	0
Changes in operating assets and liabilities
Due to/from related parties	0	18,000
Construction in progress	0	(134,000)
Accounts payable	3,181,000	758,000
Right of use lease liability	0	(57,000)
Security deposits	19,000	16,000
Other assets	(13,000)	99,000
Deferred revenue	(54,000)	(41,000)
Accounts receivable	1,537,000	111,000
Prepaid expenses	132,000	1,259,000
Net cash provided by (used in) operating activities	1,264,000	(2,080,000)
Cash flows from investing activities:
Building improvements	(1,271,000)	0
Capitalized technology	(90,000)	0
Purchase of investment in real estate	(17,513,000)	0
Net cash used in investing activities	(18,874,000)	0
Cash flows from financing activities
Proceeds from line of credit	73,700,000	0
Proceeds from notes payable	0	2,473,000
Payments on notes payable	(56,760,000)	(1,348,000)
Loan fees	(2,046,000)	(21,000)
Net cash provided by financing activities	14,894,000	1,104,000
Net change in cash and cash equivalents and restricted cash	(2,716,000)	(976,000)
Cash and cash equivalents and restricted cash, beginning of period	16,696,000	7,895,000
Cash and cash equivalents and restricted cash, end of period	13,980,000	6,919,000
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	11,805,000	4,235,000
Restricted cash at beginning of period	4,891,000	3,660,000
Cash and cash equivalents and restricted cash, beginning of period	16,696,000	7,895,000
Cash and cash equivalents at end of period	8,623,000	2,834,000
Restricted cash at end of period	5,357,000	4,085,000
Cash and cash equivalents and restricted cash, end of period	13,980,000	6,919,000
Supplemental disclosures of cash flow information:
Interest Paid	5,021,000	4,171,000
Non-cash investing and financing activities:
Dividends declared not yet paid	$ 1,500,000	$ 1,500,000

Note A - Organization and Busin

Note A - Organization and Business Operations	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Note A Organization and Business Operations Mobile Infrastructure Corporation (formerly known as The Parking REIT, Inc.) (the “Company,” “we,” “us” or “our”), is a Maryland corporation formed on May 4, 2015. y in top 50 As of June 30, 2022 owned 45 parking facilities in 23 The Company is the sole general partner of Mobile Infra Operating Partnership, L.P., formerly known as MVP REIT II Operating Partnership, LP, a Maryland limited partnership (the “Operating Partnership”). The Company owns substantially all of its assets and conducts substantially all of its operations through the Operating Partnership, is the sole general partner of the Operating Partnership and owns approxi mately 45.8% of the common units of the Operating Partnership (the “OP Units”). Color Up, LLC, a Delaware limited liability company (“Color Up” or “Purchaser”) and HSCP Strategic III, LP, a Delaware limited partnership ( “HS3” HS3 The Company previously elected to be taxed as a real estate investment trust (“REIT”) for U.S. federal income tax purposes and operated in a manner that allowed the Company to qualify as a REIT through December 31, 2019. 19 not not December 31, 2020. not 2020 2020 not Recapitalization On January 8, 2021, On August 25, 2021, three three not Management assessed the potential accounting treatment for the Transaction by applying Accounting Standards Codification ("ASC") 805 not three The following schedule sets forth how the consideration exchanged in the Transaction was allocated among the various assets acquired and liabilities acquired or settled. Assets acquired and liabilities assumed Investment in real estate $ 98,919,000 Intangibles - technology 4,000,000 Cash 35,000,000 Long-term debt (44,533,000 ) Indemnification liability (2,000,000 ) Total assets acquired and liabilities assumed $ 91,386,000 OP Units (1) 88,067,000 Warrants 3,319,000 Total consideration $ 91,386,000 ( 1 Pending Merger On May 27, 2022, Prior to the Merger, MIT expects to undertake an initial public offering (the "MIT IPO") of its common shares of beneficial interest, $0.0001 par value per share (“MIT Common Shares”), which is expected to close at least one not The Merger is expected to be accounted for as a reverse recapitalization of the Company contemporaneous with the initial public offering of the MIT Common Shares. Under this method of accounting, MIT will be treated as the “acquiree” and the Company is treated as the acquirer for financial statement reporting purposes under principles generally accepted in the United States ("GAAP"). Accordingly, for accounting purposes, the Merger will be treated as the equivalent of the Company issuing stock for the net assets of MIT, accompanied by a recapitalization with a contemporaneous initial public offering of the MIT Common Shares. The net assets of the Company will be stated at historical cost, with no

Note B - Summary of Significant

Note B - Summary of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note B Summary of Significant Accounting Policies Basis of Accounting The accompanying condensed consolidated financial statements of the Company are prepared on the accrual basis of accounting and in accordance with GAAP for interim financial information as contained in the Financial Accounting Standards Board (“FASB”) ASC, and in conjunction with rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the condensed consolidated financial statements do not three six June 30, 2022 not may December 31, 2022. no six June 30, 2022 2021 10 March 30, 2022. Consolidation The condensed consolidated financial statements include the accounts of the Company, the Operating Partnership, each of their wholly owned subsidiaries, and all other entities in which the Company has a controlling financial interest. For entities that meet the definition of a variable interest entity (“VIE”), the Company consolidates those entities when the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it possesses both the unilateral power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company continually evaluates whether it qualifies as the primary beneficiary and reconsiders its determination of whether an entity is a VIE upon reconsideration events. All intercompany activity is eliminated in consolidation. Equity investments in which the Company exercises significant influence but does not not Use of Estimates The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding asset impairment and purchase price allocations to record investments in real estate, as applicable. Concentration The Company had fourteen and thirteen parking tenants/operators during the six June 30, 2022 2021 , respectively. One tenant/operator, SP + Corporation (Nasdaq: SP) (“SP+”), represented 59.4% and 63.3% of the Company’s revenue, excluding retail revenue, for the six June 30, 2022 2021 , respectively. Premier Parking Service, LLC represented 13.3% of the Company’s revenue, excluding retail revenue, for each of the six June 30, 2022 2021 . In addition, the Company had concentrations in Cincinnati (19.1% and 8.1%), Detroit (12.7% and 19.0%), Chicago (8.8% and 0.0%), and Houston (7.8% and 11.7%) based on gross book value of the real estate the Company owned, as of June 30, 2022 2021, For the six June 30, 2022, six June 30, 2021, Acquisitions All assets acquired and liabilities assumed in an acquisition of real estate accounted for as a business combination are measured at their acquisition date fair values. For acquisitions of real estate accounted for as an asset acquisition, the fair value of consideration transferred by the Company (including transaction costs) is allocated to all assets acquired and liabilities assumed on a relative fair value basis. The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their relative fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on valuations performed by independent third Above-market and below-market in-place lease values for owned properties are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The capitalized above-market and below-market lease intangibles are amortized as a decrease or increase, respectively, to rental income over the remaining term of the lease. In determining the amortization period for lease intangibles, the Company initially will consider the likelihood that a lessee will execute the renewal option. The likelihood that a lessee will execute the renewal option is determined by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. The value of in-place leases is amortized to expense over the initial term of the respective leases. The value of intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no In making estimates of fair values for purposes of allocating purchase price, the Company will utilize several sources, including independent appraisals that may Impairment of Long-Lived Assets When circumstances indicate the carrying value of a property may not Immaterial Correction The Company determined that the reimbursable property tax related to certain of its properties should have been recorded on a gross basis in the Statement of Operations. An adjustment has been made to the Consolidated Statements of Operations for the three six June 30, 2021. three six June 30, 2021, 842. no Reportable Segments Our principal business is the ownership and operation of parking facilities. We do not Stock-based Compensation Stock-based compensation for equity awards is based on the grant date fair value of the equity awards and is recognized over the requisite service or performance period. Forfeitures are recognized as incurred. Certain equity awards are subject to vesting based upon the satisfaction of various service, market, or performance conditions.

Note C - Commitments and Contin

Note C - Commitments and Contingencies	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note C Commitments and Contingencies Litigation The nature of the Company’s business exposes our properties, the Company, the Operating Partnership and its other subsidiaries to the risk of claims and litigation in the normal course of business. Other than as noted below, or routine litigation arising out of the ordinary course of business, the Company is not The Company has previously disclosed pending class action legal proceedings facing the Company and the Former Advisor and/or Mr. Shustek prior to the completion of the Transaction. As a result of the Transaction, the Settlement Agreement (as defined in the Purchase Agreement) was entered into subject to completion of Color Up’s Tender Offer (as defined in the Purchase Agreement) for up to 900,506 shares of the Company’s outstanding Common Stock at $11.75 per share. Color Up launched the Tender Offer on October 5, 2021 November 5, 2021. The Company has previously disclosed that the SEC was conducting an investigation relating to the Company. On March 11, 2021, not The SEC investigation also related to the conduct of the Company’s former chairman and chief executive officer, Michael V. Shustek. On July 29, 2021, 2 21 01416 not On August 25, 2021, may may Environmental Matters Investments in real property create the potential for environmental liability on the part of the owner or operator of such real property. If hazardous substances are discovered on or emanating from a property, the owner or operator of the property may The Company believes that it complies, in all material respects, with all federal, state and local ordinances and regulations regarding hazardous or toxic substances. Furthermore, as of June 30, 2022 not not may

Note D - Acquisitions and Dispo

Note D - Acquisitions and Dispositions of Investments in Real Estate	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Asset Acquisition [Text Block]	Note D Acquisitions and Dispositions of Investments in Real Estate 2022 The following table is a summary of the parking asset acquisitions during the six June 30, 2022 Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Purchase Price 222 Sheridan Bricktown Garage LLC Oklahoma City, OK 6/7/2022 Garage 555 0.64 15,628 $ 17,513,000 The following table is a summary of the allocated acquisition value of the property acquired by the Company during the six June 30, 2022 Assets Land and Improvements Building and improvements In-Place Lease Value Total assets acquired 222 Sheridan Bricktown Garage LLC (a) $ 1,314,000 $ 16,020,000 $ 179,000 $ 17,513,000 $ 1,314,000 $ 16,020,000 $ 179,000 $ 17,513,000 a. The in-place lease asset has a life of 5 years and is included in intangible assets on the consolidated balance sheet. 2021 The following table is a summary of the parking asset acquisitions for the year ended December 31, 2021 Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Purchase Price 1W7 Carpark, LLC Cincinnati, OH 8/25/2021 Garage 765 1.21 18,385 $ 32,122,000 222W7, LLC Cincinnati, OH 8/25/2021 Garage 1,625 1.84 — $ 28,314,000 322 Streeter, LLC Chicago, IL 8/25/2021 Garage 1,154 2.81 — $ 38,483,000 2nd Street, LLC Miami, FL 9/9/2021 Contract 118 N/A — $ 3,253,000 Denver 1725 Champa Street Garage Denver, CO 11/3/2021 Garage 450 0.72 — $ 16,274,000 The following table is a summary of the allocated acquisition value of all properties acquired by the Company for the year ended December 31, 2021 Assets Land and Improvements Building and improvements In-Place Lease Value Contract Value Total assets acquired 1W7 Carpark (a) $ 2,995,000 $ 28,819,000 $ 308,000 $ - $ 32,122,000 222W7 4,391,000 23,923,000 — — 28,314,000 322 Streeter 11,387,000 27,096,000 — — 38,483,000 2nd Street (a) 93,000 — — 3,160,000 3,253,000 Denver 1725 Champa Street Garage 7,414,000 8,860,000 — — 16,274,000 $ 26,280,000 $ 88,698,000 $ 308,000 $ 3,160,000 $ 118,446,000 a. The value of in-place lease assets and the 2 nd 1W7 2 nd There were no June 30, 2022 December 31, 2021

Note E - Related Party Transact

Note E - Related Party Transactions and Arrangements	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note E — Related Party Transactions and Arrangements Two of the Company’s Cincinnati assets, 1W7 222W7, four three June 30, 2022 $ 150,00 0 The Company has an investment in MVP St. Louis Cardinal Lot, DST, a Delaware Statutory Trust (“MVP St. Louis”). Pursuant to the Closing, the Former Advisor and Mr. Shustek, were replaced as manager of MVP Parking, DST, LLC, the entity that manages MVP St. Louis, by the Company's CEO. During 2021, June 30, 2022 $0.2 million and $0.4 milli three six June 30, 2022, three six June 30, 2021. On May 27, 2022, one not In March 2022, three six June 30, 2022 , the Company incurred costs of approximately $1.6 million and $2.5 m illion, respectively, pursuant to this agreement. Such amounts are included in organizational and offering costs on the consolidated statement of operations. In May 2022, not 120 no June 30, 2022, not six June 30, 2022. License Agreement On August 25, 2021, Tax Matters Agreement On August 25, 2021, 1 tenth 2 tenth 20%

Note F - Stock-based Compensati

Note F - Stock-based Compensation	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note F Stock-Based Compensation On October 14, 2020, four December 31, 2020 March 1, 2021 January 2021. not No share-based compensation awards were outstanding as of June 30, 2021. On May 27, 2022, five three June 30, 2022. The following table sets forth unvested LTIPs from January 1, 2022 June 30, 2022: As of June 30, 2022 Number of Unvested Shares of LTIPs Weighted Avg Grant FV Per Share Balance - January 1, 2022 — $ — Granted 9,686 15.47 Vested — — Forfeited — — Total unvested LTIPs 9,686 $ 15.47 On May 27, 2022, May 27, 2022 December 31, 2025 May 27, 2022 December 31, 2027, June 30, 2022. four fourth 2025 four December 31, 2027. not June 30, 2022. PUs are subject to restrictions on transfer and may June 30, 2022. June 30, 2022. The following table sets forth unvested PUs from January 1, 2022 June 30, 2022: As of June 30, 2022 Number of Unvested Shares of PUs Weighted Avg Grant FV Per Share Balance - January 1, 2022 — $ — Granted 1,500,000 12.21 Vested — — Forfeited — — Total unvested PUs 1,500,000 $ 12.21 T not June 30, 2022.

Note G - Intangible Assets

Note G - Intangible Assets	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note G - Intangible Assets A schedule of the Company’s intangible assets and related accumulated amortization and accretion as of June 30, 2022 December 31, 2021 As of June 30, 2022 As of December 31, 2021 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Value of in-place leases $ 2,564,000 $ 1,459,000 $ 2,398,000 $ 1,311,000 Value of lease commissions 165,000 93,000 152,000 82,000 Value of indefinite lived contract (1) 3,160,000 -- 3,160,000 -- Value of technology 4,136,000 343,000 4,046,000 133,000 Total intangible assets $ 10,025,000 $ 1,895,000 $ 9,756,000 $ 1,526,000 ( 1 2nd November 3, 2021. Note D - Acquisitions and Dispositions of Investments in Real Estate Amortization of the acquired in-place leases and lease commissions are included in depreciation and amortization in the accompanying consolidated statements of operations. Amortization expense associated with intangible assets totaled $370,000 and $148 ,000 six June 30, 2022 2021 $194 ,000 $74 , 000 three June 30, 2022 2021 A schedule of future amortization and accretion of acquired intangible assets for the six June 30, 2022 Six Months Ended June 30, 2022 Acquired in-place leases Lease commissions Technology 2022 (Remainder) $ 157,000 $ 12,000 $ 221,000 2023 320,000 24,000 427,000 2024 303,000 21,000 427,000 2025 189,000 10,000 427,000 2026 107,000 4,000 427,000 Thereafter 29,000 1,000 1,864,000 $ 1,105,000 $ 72,000 $ 3,793,000

Note H - Earnings Per Share

Note H - Earnings Per Share	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Note H - Earnings Per Share Basic and diluted loss per weighted average common share (“EPS”) is calculated by dividing net income (loss) attributable to the Company’s common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. The Company includes the effect of participating securities in basic and diluted earnings per share computations using the two two six June 30, 2022 May 27, 2022, six June 30, 2022. not six June 30, 2021. The following table reconciles the numerator and denominator used in computing the Company’s basic and diluted per-share amounts for net loss attributable to common stockholders for the three six June 30, 2022 2021 For the three months ended June 30, 2022 For the three months ended June 30, 2021 For the six months ended June 30, 2022 For the six months ended June 30, 2021 Numerator: Net loss attributable to MIC $ (2,436,000 ) $ (2,855,000 ) $ (4,992,000 ) $ (7,973,000 ) Net loss attributable to participating securities — — — — Net loss attributable to MIC common stock $ (2,436,000 ) $ (2,855,000 ) $ (4,992,000 ) $ (7,973,000 ) Denominator: Basic and dilutive weighted average shares of Common Stock outstanding 7,762,375 7,739,952 7,762,375 7,735,888 Diluted share equivalents outstanding — — — — Dilutive weighted average shares of Common Stock outstanding 7,762,375 7,739,952 7,762,375 7,735,888 Basic and diluted loss per weighted average common share: Basic and dilutive $ (0.31 ) $ (0.37 ) $ (0.64 ) $ (1.03 )

Note I - Notes Payable and Payc

Note I - Notes Payable and Paycheck Protection Program Loan	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	Note I Notes Payable and Paycheck Protection Program Loan As of June 30, 2022 Loan Original Debt Amount Monthly Payment Balance as of 6/30/22 Lender Term (in years) Interest Rate Loan Maturity Corporate D&O Insurance (4) $ 450,000 $ 38,000 $ 37,000 MetaBank 1 3.95 % 7/31/2022 MVP Clarksburg Lot $ 476,000 Interest Only $ 476,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MCI 1372 Street $ 574,000 Interest Only $ 574,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Milwaukee Old World $ 771,000 Interest Only $ 1,871,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Milwaukee Clybourn $ 191,000 Interest Only $ 191,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Wildwood NJ Lot, LLC $ 1,000,000 Interest Only $ 1,000,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Cincinnati Race Street, LLC $ 2,550,000 Interest Only $ 3,450,000 Vestin Realty Mortgage II 1 7.00 % 8/25/2022 Minneapolis Venture $ 2,000,000 Interest Only $ 4,000,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Memphis Poplar (3) $ 1,800,000 Interest Only $ 1,800,000 LoanCore 5 5.38 % 3/6/2024 MVP St. Louis (3) $ 3,700,000 Interest Only $ 3,700,000 LoanCore 5 5.38 % 3/6/2024 1W7 Carpark, LLC and 222W7th Holdco, LLC $ 339,000 $ 6,400 $ 140,000 FlashParking, Inc 5 5.00 % 5/31/2024 Mabley Place Garage, LLC $ 9,000,000 $ 44,000 $ 7,717,000 Barclays 10 4.25 % 12/6/2024 322 Streeter Holdco LLC $ 25,900,000 Interest Only $ 25,683,000 American National Insurance Co. 5 * 3.50 % 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650,000 $ 20,000 $ 3,007,000 Barclays Bank PLC 10 4.25 % 8/6/2025 Minneapolis City Parking, LLC $ 5,250,000 $ 29,000 $ 4,442,000 American National Insurance, of NY 10 4.50 % 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400,000 $ 23,000 $ 3,718,000 FBL Financial Group, Inc. 10 4.00 % 8/1/2026 West 9th Properties II, LLC $ 5,300,000 $ 30,000 $ 4,559,000 American National Insurance Co. 10 4.50 % 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150,000 $ 73,000 $ 11,342,000 American National Insurance, of NY 10 4.50 % 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500,000 $ 194,000 $ 27,944,000 Bank of America 10 5.52 % 2/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380,000 $ 8,000 $ 1,287,000 KeyBank 10 * 4.90 % 5/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132,000 $ 24,000 $ 3,853,000 KeyBank 10 * 4.90 % 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999,000 $ 23,000 $ 3,729,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Denver Sherman, LLC (1) $ 286,000 $ 2,000 $ 266,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142,000 $ 12,000 $ 1,998,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762,000 $ 4,000 $ 710,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682,000 Interest Only $ 1,682,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454,000 Interest Only $ 6,454,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627,000 Interest Only $ 1,627,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820,000 Interest Only $ 1,820,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671,000 Interest Only $ 1,671,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057,000 Interest Only $ 2,057,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938,000 Interest Only $ 938,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St Louis Cardinal Lot DST, LLC (5) $ 6,000,000 Interest Only $ 6,000,000 Cantor Commercial Real Estate 10 ** 5.25 % 5/31/2027 MVP Preferred Parking, LLC $ 11,330,000 Interest Only $ 11,330,000 Key Bank 10 ** 5.02 % 8/1/2027 Less unamortized loan issuance costs $ (774,000 ) $ 150,299,000 ( 1 The Company issued a promissory note to KeyBank for $12.7 million secured by the pool of properties. ( 2 The Company issued a promissory note to Cantor Commercial Real Estate Lending, L.P. (“CCRE”) for $16.25 million secured by the pool of properties. ( 3 On February 8, 2019, 2013, 2013” 2013, February 8, 2019, 2013 2013 ( 4 On September 30, 2021, July 31, 2022. ( 5 Pursuant to the Closing of the Transaction, the Company recorded the $6.0 million loan with Cantor Commercial Real Estate upon the consolidation of its investment in MVP St. Louis Cardinal Lot, DST. See Note I for further information. * 2 ** 10 During April 2022, two Reserve funds are generally required for repairs and replacements, real estate taxes, and insurance premiums. Some notes contain various terms and conditions including debt service coverage ratios and debt yield limits. Borr owers for six seven June 30, 2022 December 31, 2021 $442 ,00 0 June 30, 2022 December 31, 2021 two As of June 30, 2022 2022 (remainder) 12,833,000 2023 2,575,000 2024 15,308,000 2025 30,795,000 2026 22,630,000 Thereafter 66,932,000 Total $ 151,073,000

Note J - Line of Credit

Note J - Line of Credit	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	Note I Notes Payable and Paycheck Protection Program Loan As of June 30, 2022 Loan Original Debt Amount Monthly Payment Balance as of 6/30/22 Lender Term (in years) Interest Rate Loan Maturity Corporate D&O Insurance (4) $ 450,000 $ 38,000 $ 37,000 MetaBank 1 3.95 % 7/31/2022 MVP Clarksburg Lot $ 476,000 Interest Only $ 476,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MCI 1372 Street $ 574,000 Interest Only $ 574,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Milwaukee Old World $ 771,000 Interest Only $ 1,871,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Milwaukee Clybourn $ 191,000 Interest Only $ 191,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Wildwood NJ Lot, LLC $ 1,000,000 Interest Only $ 1,000,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Cincinnati Race Street, LLC $ 2,550,000 Interest Only $ 3,450,000 Vestin Realty Mortgage II 1 7.00 % 8/25/2022 Minneapolis Venture $ 2,000,000 Interest Only $ 4,000,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Memphis Poplar (3) $ 1,800,000 Interest Only $ 1,800,000 LoanCore 5 5.38 % 3/6/2024 MVP St. Louis (3) $ 3,700,000 Interest Only $ 3,700,000 LoanCore 5 5.38 % 3/6/2024 1W7 Carpark, LLC and 222W7th Holdco, LLC $ 339,000 $ 6,400 $ 140,000 FlashParking, Inc 5 5.00 % 5/31/2024 Mabley Place Garage, LLC $ 9,000,000 $ 44,000 $ 7,717,000 Barclays 10 4.25 % 12/6/2024 322 Streeter Holdco LLC $ 25,900,000 Interest Only $ 25,683,000 American National Insurance Co. 5 * 3.50 % 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650,000 $ 20,000 $ 3,007,000 Barclays Bank PLC 10 4.25 % 8/6/2025 Minneapolis City Parking, LLC $ 5,250,000 $ 29,000 $ 4,442,000 American National Insurance, of NY 10 4.50 % 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400,000 $ 23,000 $ 3,718,000 FBL Financial Group, Inc. 10 4.00 % 8/1/2026 West 9th Properties II, LLC $ 5,300,000 $ 30,000 $ 4,559,000 American National Insurance Co. 10 4.50 % 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150,000 $ 73,000 $ 11,342,000 American National Insurance, of NY 10 4.50 % 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500,000 $ 194,000 $ 27,944,000 Bank of America 10 5.52 % 2/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380,000 $ 8,000 $ 1,287,000 KeyBank 10 * 4.90 % 5/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132,000 $ 24,000 $ 3,853,000 KeyBank 10 * 4.90 % 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999,000 $ 23,000 $ 3,729,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Denver Sherman, LLC (1) $ 286,000 $ 2,000 $ 266,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142,000 $ 12,000 $ 1,998,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762,000 $ 4,000 $ 710,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682,000 Interest Only $ 1,682,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454,000 Interest Only $ 6,454,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627,000 Interest Only $ 1,627,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820,000 Interest Only $ 1,820,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671,000 Interest Only $ 1,671,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057,000 Interest Only $ 2,057,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938,000 Interest Only $ 938,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St Louis Cardinal Lot DST, LLC (5) $ 6,000,000 Interest Only $ 6,000,000 Cantor Commercial Real Estate 10 ** 5.25 % 5/31/2027 MVP Preferred Parking, LLC $ 11,330,000 Interest Only $ 11,330,000 Key Bank 10 ** 5.02 % 8/1/2027 Less unamortized loan issuance costs $ (774,000 ) $ 150,299,000 ( 1 The Company issued a promissory note to KeyBank for $12.7 million secured by the pool of properties. ( 2 The Company issued a promissory note to Cantor Commercial Real Estate Lending, L.P. (“CCRE”) for $16.25 million secured by the pool of properties. ( 3 On February 8, 2019, 2013, 2013” 2013, February 8, 2019, 2013 2013 ( 4 On September 30, 2021, July 31, 2022. ( 5 Pursuant to the Closing of the Transaction, the Company recorded the $6.0 million loan with Cantor Commercial Real Estate upon the consolidation of its investment in MVP St. Louis Cardinal Lot, DST. See Note I for further information. * 2 ** 10 During April 2022, two Reserve funds are generally required for repairs and replacements, real estate taxes, and insurance premiums. Some notes contain various terms and conditions including debt service coverage ratios and debt yield limits. Borr owers for six seven June 30, 2022 December 31, 2021 $442 ,00 0 June 30, 2022 December 31, 2021 two As of June 30, 2022 2022 (remainder) 12,833,000 2023 2,575,000 2024 15,308,000 2025 30,795,000 2026 22,630,000 Thereafter 66,932,000 Total $ 151,073,000
Line of Credit [Member]
Notes to Financial Statements
Debt Disclosure [Text Block]	Note J - Line of Credit On March 29, 2022, April 1, 2023. may October 1, 2023 no 120 60 may no not not On April 15, 2022 December 9, 2022 six April 21, 2022 two May 1, 2022 October 1, 2022 1W7 222W7th June 6, 2022 222 June 30, 2022, three six June 30, 2022,

Note K - Fair Value

Note K - Fair Value	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note K Fair Value A fair value measurement is based on the assumptions that market participants would use in pricing an asset or liability in an orderly transaction. The hierarchy for inputs used in measuring fair value are as follows: 1. Level 1 2. Level 2 not 3. Level 3 In certain cases, the inputs used to measure fair value may The Company's financial instruments include cash and cash equivalents, restricted cash, accounts receivable and accounts payable. Due to their short maturities, the carrying amounts of these assets and liabilities approximate fair value. The estimated fair value of the Company’s debt was approximately $219.3 million and $161.2 million as of June 30, 2022 and December 31, 2021 , respectively, which is considered a Level 2 Our real estate assets are measured and recognized at fair value, less costs to sell held-for-sale properties, on a nonrecurring basis dependent upon when we determine an impairment has occurred. When the Company impairs assets that have operational impairment indicators, management uses an independent third 2

Note L - Variable Interest Enti

Note L - Variable Interest Entities	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	Note L Variable Interest Entities The Company, through a wholly owned subsidiary of its Operating Partnership, owns a 51.0% beneficial interest in MVP St. Louis Cardinal Lot, DST, a Delaware Statutory Trust (“MVP St. Louis”). MVP St. Louis is the owner of a 2.56-acre, 376-vehicle commercial parking lot, known as the Cardinal Lot. At the time of the initial investment, the Company conducted an analysis and concluded that the 51% not not August 25, 2021. In connection with the Closing, the former advisor of the Company, MVP Realty Advisors, LLC ("MVPRA”) transferred ownership of the Manager to Manuel Chavez, III, the Chief Executive Officer of the Company. This change in structure was deemed a reconsideration event and therefore the Company reevaluated whether it had control. Based on the Company's evaluation, the Company began consolidating the investment in MVP St. Louis and MVP St. Louis Cardinal Lot Master Tenant, LLC, which had total assets and liabilities of approximately $12.0 million and approximately $6.2 million, respectively, as of August 25, 2021. Amounts related to MVP St. Louis included in the consolidated balance sheet are as follows: June 30, 2022 (Unaudited) ASSETS Investments in real estate $ 11,795,000 Cash 32,000 Cash – restricted 462,000 Accounts receivable 320,000 Prepaid expenses 13,000 Total assets $ 12,622,000 LIABILITIES Notes payable $ 5,966,000 Accounts payable and accrued liabilities 326,000 Total liabilities $ 6,292,000 Summarized Statements of Operations Unconsolidated Real Estate Affiliates Equity Method Investments For the three months ended June 30, 2021 For the six months ended June 30, 2021 Revenue $ 183,000 $ 365,000 Expenses (167,000 ) (366,000 ) Net income (loss) $ 16,000 $ (1,000 )

Note M - Leases

Note M - Leases	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Lessee, Operating Leases [Text Block]	Note M – Leases The Company accounts for rental income and percentage rent income in accordance with ASC 842 three six June 30, 2022 2021 For the Three Months Ended June 30, For the Six Months Ended June 30, Lease revenue 2022 2021 2022 2021 Fixed contractual payments $ 1,766,000 $ 2,275,000 $ 3,514,000 $ 4,673,000 Variable lease payments $ 5,203,000 $ 658,000 $ 9,839,000 $ 1,147,000 Straight-line rental income $ (9,000 ) $ 34,000 $ (5,000 ) $ 81,000 Approximate future fixed contractual lease payments to be received under non-cancelable operating leases in effect as of June 30, 2022 no For the year ended, Future lease payments due 2022 (Remainder) $ 3,082,000 2023 $ 5,010,000 2024 $ 4,484,000 2025 $ 3,504,000 2026 $ 2,626,000 Thereafter $ 523,000

Note N - Income Taxes

Note N - Income Taxes	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note N - Income Taxes The Company previously elected to be taxed as a REIT for federal income tax purposes and operated in a manner that allowed the Company to qualify as a REIT through December 31, 2019. 19 not not December 31, 2020. not 2020 2020 A full valuation allowance for deferred tax assets was historically provided each year since the Company believed that as a REIT it was more likely than not not six June 30, 2022 three June 30, 2022. 19 six June 30, 2022 may not

Note O - Equity

Note O - Equity	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note O Equity Series A Preferred Stock On November 1, 2016, 506 March 24, 2017 The holders of the Series A Preferred Stock are entitled to receive, when and as authorized by the Board of Directors and declared by the Company out of funds legally available for the payment of dividends, cash dividends at the rate of 5.75% per annum of the initial stated value of $1,000 per share. Since a Listing Event, as defined in the charter, did not March 31, 2018, 5.75% Each investor in the Series A offering received, for every $1,000 no not fifth On March 24, 2020, $1,098,000 of which approximately $597,000 had been pai June 30, 2022 December 31, 2021 tely $501 ,000 Series 1 On March 29, 2017, 1 1 April 7, 2017, 506 1 The holders of the Series 1 not April 7, 2018, 1 1 December 31, 2021, 1 Each investor in the Series 1 no not fifth 1 January 31, 2023, five five 90 th third June 30, 2022 June 30, 2022 may 90th June 30, 2022 On March 24, 2020, 1 1 y $12.9 million of which approximately $6.4 milli 1 June 30, 2022 December 31, 2021 tely $6.5 mi 1 Warrants On August 25, 2021, one five The Company assesses its warrants as either equity or a liability based upon the characteristics and provisions of each instrument. Warrants classified as equity are recorded at fair value as of the date of issuance on the Company’s balance sheet and no As of June 30, 2022 Tender Offer On October 5, 2021, 5:00 November 5, 2021. not Effective November 8, 2021, not $11.75 Securities Purchase Agreement On November 2, 2021, HS3 HS3 HS3 HS3 two Convertible Noncontrolling Interests As of June 30, 2022 oximately 17.0 milli may June 30, 2022 June 30, 2022. Dividend Reinvestment Plan The Dividend Reinvestment Plan (“DRIP”) allows stockholders to invest distributions in additional shares of our Common Stock, subject to certain limits. Stockholders who elect to participate in the DRIP may March 22, 2018, no Share Repurchase Program On May 29, 2018, 100% 100% March 24, 2020,

Note P - Subsequent Events

Note P - Subsequent Events	6 Months Ended
	Jun. 30, 2022
Notes to Financial Statements
Subsequent Events [Text Block]	Note P - Subsequent Events On July 5, 2022, July 11, 2022 five six five August 25, 2022. On July 18, 2022, July 18, 2022. July 29, 2022, not not

Significant Accounting Policies

Significant Accounting Policies (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Accounting The accompanying condensed consolidated financial statements of the Company are prepared on the accrual basis of accounting and in accordance with GAAP for interim financial information as contained in the Financial Accounting Standards Board (“FASB”) ASC, and in conjunction with rules and regulations of the SEC. Certain information and footnote disclosures required for annual financial statements have been condensed or excluded pursuant to SEC rules and regulations. Accordingly, the condensed consolidated financial statements do not three six June 30, 2022 not may December 31, 2022. no six June 30, 2022 2021 10 March 30, 2022.
Consolidation, Policy [Policy Text Block]	Consolidation The condensed consolidated financial statements include the accounts of the Company, the Operating Partnership, each of their wholly owned subsidiaries, and all other entities in which the Company has a controlling financial interest. For entities that meet the definition of a variable interest entity (“VIE”), the Company consolidates those entities when the Company is the primary beneficiary of the entity. The Company is determined to be the primary beneficiary when it possesses both the unilateral power to direct activities that most significantly impact the economic performance of the VIE and the obligation to absorb losses or the right to receive benefits that could potentially be significant to the VIE. The Company continually evaluates whether it qualifies as the primary beneficiary and reconsiders its determination of whether an entity is a VIE upon reconsideration events. All intercompany activity is eliminated in consolidation. Equity investments in which the Company exercises significant influence but does not not
Use of Estimates, Policy [Policy Text Block]	Use of Estimates The preparation of 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 financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates. Management makes significant estimates regarding asset impairment and purchase price allocations to record investments in real estate, as applicable.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration The Company had fourteen and thirteen parking tenants/operators during the six June 30, 2022 2021 , respectively. One tenant/operator, SP + Corporation (Nasdaq: SP) (“SP+”), represented 59.4% and 63.3% of the Company’s revenue, excluding retail revenue, for the six June 30, 2022 2021 , respectively. Premier Parking Service, LLC represented 13.3% of the Company’s revenue, excluding retail revenue, for each of the six June 30, 2022 2021 . In addition, the Company had concentrations in Cincinnati (19.1% and 8.1%), Detroit (12.7% and 19.0%), Chicago (8.8% and 0.0%), and Houston (7.8% and 11.7%) based on gross book value of the real estate the Company owned, as of June 30, 2022 2021, For the six June 30, 2022, six June 30, 2021,
Business Combinations Policy [Policy Text Block]	Acquisitions All assets acquired and liabilities assumed in an acquisition of real estate accounted for as a business combination are measured at their acquisition date fair values. For acquisitions of real estate accounted for as an asset acquisition, the fair value of consideration transferred by the Company (including transaction costs) is allocated to all assets acquired and liabilities assumed on a relative fair value basis. The Company allocates the purchase price of acquired properties to tangible and identifiable intangible assets acquired based on their relative fair values. Tangible assets include land, land improvements, buildings, fixtures and tenant improvements on an as-if vacant basis. The Company utilizes various estimates, processes and information to determine the as-if vacant property value. Estimates of value are made using customary methods, including data from appraisals, comparable sales, discounted cash flow analysis and other methods. Amounts allocated to land, land improvements, buildings and fixtures are based on valuations performed by independent third Above-market and below-market in-place lease values for owned properties are recorded based on the present value (using an interest rate which reflects the risks associated with the leases acquired) of the difference between the contractual amounts to be paid pursuant to the in-place leases and management’s estimate of fair market lease rates for the corresponding in-place leases, measured over a period equal to the remaining non-cancelable term of the lease. The capitalized above-market and below-market lease intangibles are amortized as a decrease or increase, respectively, to rental income over the remaining term of the lease. In determining the amortization period for lease intangibles, the Company initially will consider the likelihood that a lessee will execute the renewal option. The likelihood that a lessee will execute the renewal option is determined by taking into consideration the tenant’s payment history, the financial condition of the tenant, business conditions in the industry in which the tenant operates and economic conditions in the area in which the property is located. The value of in-place leases is amortized to expense over the initial term of the respective leases. The value of intangibles is amortized to expense over the initial term and any renewal periods in the respective leases, but in no In making estimates of fair values for purposes of allocating purchase price, the Company will utilize several sources, including independent appraisals that may
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets When circumstances indicate the carrying value of a property may not
Reclassification, Comparability Adjustment [Policy Text Block]	Immaterial Correction The Company determined that the reimbursable property tax related to certain of its properties should have been recorded on a gross basis in the Statement of Operations. An adjustment has been made to the Consolidated Statements of Operations for the three six June 30, 2021. three six June 30, 2021, 842. no
Segment Reporting, Policy [Policy Text Block]	Reportable Segments Our principal business is the ownership and operation of parking facilities. We do not
Share-Based Payment Arrangement [Policy Text Block]	Stock-based Compensation Stock-based compensation for equity awards is based on the grant date fair value of the equity awards and is recognized over the requisite service or performance period. Forfeitures are recognized as incurred. Certain equity awards are subject to vesting based upon the satisfaction of various service, market, or performance conditions.

Note A - Organization and Bus_2

Note A - Organization and Business Operations (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets Land and Improvements Building and improvements In-Place Lease Value Total assets acquired 222 Sheridan Bricktown Garage LLC (a) $ 1,314,000 $ 16,020,000 $ 179,000 $ 17,513,000 $ 1,314,000 $ 16,020,000 $ 179,000 $ 17,513,000 Assets Land and Improvements Building and improvements In-Place Lease Value Contract Value Total assets acquired 1W7 Carpark (a) $ 2,995,000 $ 28,819,000 $ 308,000 $ - $ 32,122,000 222W7 4,391,000 23,923,000 — — 28,314,000 322 Streeter 11,387,000 27,096,000 — — 38,483,000 2nd Street (a) 93,000 — — 3,160,000 3,253,000 Denver 1725 Champa Street Garage 7,414,000 8,860,000 — — 16,274,000 $ 26,280,000 $ 88,698,000 $ 308,000 $ 3,160,000 $ 118,446,000
Acquisition of Three Parking Garages [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets acquired and liabilities assumed Investment in real estate $ 98,919,000 Intangibles - technology 4,000,000 Cash 35,000,000 Long-term debt (44,533,000 ) Indemnification liability (2,000,000 ) Total assets acquired and liabilities assumed $ 91,386,000 OP Units (1) 88,067,000 Warrants 3,319,000 Total consideration $ 91,386,000

Note D - Acquisitions and Dis_2

Note D - Acquisitions and Dispositions of Investments in Real Estate (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Purchase Price 222 Sheridan Bricktown Garage LLC Oklahoma City, OK 6/7/2022 Garage 555 0.64 15,628 $ 17,513,000 Property Location Date Acquired Property Type # Spaces Size / Acreage Retail Sq. Ft. Purchase Price 1W7 Carpark, LLC Cincinnati, OH 8/25/2021 Garage 765 1.21 18,385 $ 32,122,000 222W7, LLC Cincinnati, OH 8/25/2021 Garage 1,625 1.84 — $ 28,314,000 322 Streeter, LLC Chicago, IL 8/25/2021 Garage 1,154 2.81 — $ 38,483,000 2nd Street, LLC Miami, FL 9/9/2021 Contract 118 N/A — $ 3,253,000 Denver 1725 Champa Street Garage Denver, CO 11/3/2021 Garage 450 0.72 — $ 16,274,000
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Assets Land and Improvements Building and improvements In-Place Lease Value Total assets acquired 222 Sheridan Bricktown Garage LLC (a) $ 1,314,000 $ 16,020,000 $ 179,000 $ 17,513,000 $ 1,314,000 $ 16,020,000 $ 179,000 $ 17,513,000 Assets Land and Improvements Building and improvements In-Place Lease Value Contract Value Total assets acquired 1W7 Carpark (a) $ 2,995,000 $ 28,819,000 $ 308,000 $ - $ 32,122,000 222W7 4,391,000 23,923,000 — — 28,314,000 322 Streeter 11,387,000 27,096,000 — — 38,483,000 2nd Street (a) 93,000 — — 3,160,000 3,253,000 Denver 1725 Champa Street Garage 7,414,000 8,860,000 — — 16,274,000 $ 26,280,000 $ 88,698,000 $ 308,000 $ 3,160,000 $ 118,446,000

Note F - Stock-based Compensa_2

Note F - Stock-based Compensation (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Share-Based Payment Arrangement, Activity [Table Text Block]	As of June 30, 2022 Number of Unvested Shares of LTIPs Weighted Avg Grant FV Per Share Balance - January 1, 2022 — $ — Granted 9,686 15.47 Vested — — Forfeited — — Total unvested LTIPs 9,686 $ 15.47 As of June 30, 2022 Number of Unvested Shares of PUs Weighted Avg Grant FV Per Share Balance - January 1, 2022 — $ — Granted 1,500,000 12.21 Vested — — Forfeited — — Total unvested PUs 1,500,000 $ 12.21

Note G - Intangible Assets (Tab

Note G - Intangible Assets (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Finite and Indefinite Intangible Assets [Table Text Block]	As of June 30, 2022 As of December 31, 2021 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization Value of in-place leases $ 2,564,000 $ 1,459,000 $ 2,398,000 $ 1,311,000 Value of lease commissions 165,000 93,000 152,000 82,000 Value of indefinite lived contract (1) 3,160,000 -- 3,160,000 -- Value of technology 4,136,000 343,000 4,046,000 133,000 Total intangible assets $ 10,025,000 $ 1,895,000 $ 9,756,000 $ 1,526,000
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Six Months Ended June 30, 2022 Acquired in-place leases Lease commissions Technology 2022 (Remainder) $ 157,000 $ 12,000 $ 221,000 2023 320,000 24,000 427,000 2024 303,000 21,000 427,000 2025 189,000 10,000 427,000 2026 107,000 4,000 427,000 Thereafter 29,000 1,000 1,864,000 $ 1,105,000 $ 72,000 $ 3,793,000

Note H - Earnings Per Share (Ta

Note H - Earnings Per Share (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended June 30, 2022 For the three months ended June 30, 2021 For the six months ended June 30, 2022 For the six months ended June 30, 2021 Numerator: Net loss attributable to MIC $ (2,436,000 ) $ (2,855,000 ) $ (4,992,000 ) $ (7,973,000 ) Net loss attributable to participating securities — — — — Net loss attributable to MIC common stock $ (2,436,000 ) $ (2,855,000 ) $ (4,992,000 ) $ (7,973,000 ) Denominator: Basic and dilutive weighted average shares of Common Stock outstanding 7,762,375 7,739,952 7,762,375 7,735,888 Diluted share equivalents outstanding — — — — Dilutive weighted average shares of Common Stock outstanding 7,762,375 7,739,952 7,762,375 7,735,888 Basic and diluted loss per weighted average common share: Basic and dilutive $ (0.31 ) $ (0.37 ) $ (0.64 ) $ (1.03 )

Note I - Notes Payable and Pa_2

Note I - Notes Payable and Paycheck Protection Program Loan (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	Loan Original Debt Amount Monthly Payment Balance as of 6/30/22 Lender Term (in years) Interest Rate Loan Maturity Corporate D&O Insurance (4) $ 450,000 $ 38,000 $ 37,000 MetaBank 1 3.95 % 7/31/2022 MVP Clarksburg Lot $ 476,000 Interest Only $ 476,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MCI 1372 Street $ 574,000 Interest Only $ 574,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Milwaukee Old World $ 771,000 Interest Only $ 1,871,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Milwaukee Clybourn $ 191,000 Interest Only $ 191,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Wildwood NJ Lot, LLC $ 1,000,000 Interest Only $ 1,000,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Cincinnati Race Street, LLC $ 2,550,000 Interest Only $ 3,450,000 Vestin Realty Mortgage II 1 7.00 % 8/25/2022 Minneapolis Venture $ 2,000,000 Interest Only $ 4,000,000 Vestin Realty Mortgage I 1 7.00 % 8/25/2022 MVP Memphis Poplar (3) $ 1,800,000 Interest Only $ 1,800,000 LoanCore 5 5.38 % 3/6/2024 MVP St. Louis (3) $ 3,700,000 Interest Only $ 3,700,000 LoanCore 5 5.38 % 3/6/2024 1W7 Carpark, LLC and 222W7th Holdco, LLC $ 339,000 $ 6,400 $ 140,000 FlashParking, Inc 5 5.00 % 5/31/2024 Mabley Place Garage, LLC $ 9,000,000 $ 44,000 $ 7,717,000 Barclays 10 4.25 % 12/6/2024 322 Streeter Holdco LLC $ 25,900,000 Interest Only $ 25,683,000 American National Insurance Co. 5 * 3.50 % 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650,000 $ 20,000 $ 3,007,000 Barclays Bank PLC 10 4.25 % 8/6/2025 Minneapolis City Parking, LLC $ 5,250,000 $ 29,000 $ 4,442,000 American National Insurance, of NY 10 4.50 % 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400,000 $ 23,000 $ 3,718,000 FBL Financial Group, Inc. 10 4.00 % 8/1/2026 West 9th Properties II, LLC $ 5,300,000 $ 30,000 $ 4,559,000 American National Insurance Co. 10 4.50 % 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150,000 $ 73,000 $ 11,342,000 American National Insurance, of NY 10 4.50 % 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500,000 $ 194,000 $ 27,944,000 Bank of America 10 5.52 % 2/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380,000 $ 8,000 $ 1,287,000 KeyBank 10 * 4.90 % 5/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132,000 $ 24,000 $ 3,853,000 KeyBank 10 * 4.90 % 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999,000 $ 23,000 $ 3,729,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Denver Sherman, LLC (1) $ 286,000 $ 2,000 $ 266,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142,000 $ 12,000 $ 1,998,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762,000 $ 4,000 $ 710,000 KeyBank 10 * 4.90 % 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682,000 Interest Only $ 1,682,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454,000 Interest Only $ 6,454,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627,000 Interest Only $ 1,627,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820,000 Interest Only $ 1,820,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671,000 Interest Only $ 1,671,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057,000 Interest Only $ 2,057,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938,000 Interest Only $ 938,000 Cantor Commercial Real Estate 10 ** 5.03 % 5/6/2027 St Louis Cardinal Lot DST, LLC (5) $ 6,000,000 Interest Only $ 6,000,000 Cantor Commercial Real Estate 10 ** 5.25 % 5/31/2027 MVP Preferred Parking, LLC $ 11,330,000 Interest Only $ 11,330,000 Key Bank 10 ** 5.02 % 8/1/2027 Less unamortized loan issuance costs $ (774,000 ) $ 150,299,000
Schedule of Maturities of Long-Term Debt [Table Text Block]	2022 (remainder) 12,833,000 2023 2,575,000 2024 15,308,000 2025 30,795,000 2026 22,630,000 Thereafter 66,932,000 Total $ 151,073,000

Note L - Variable Interest En_2

Note L - Variable Interest Entities (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Schedule of Variable Interest Entities [Table Text Block]	June 30, 2022 (Unaudited) ASSETS Investments in real estate $ 11,795,000 Cash 32,000 Cash – restricted 462,000 Accounts receivable 320,000 Prepaid expenses 13,000 Total assets $ 12,622,000 LIABILITIES Notes payable $ 5,966,000 Accounts payable and accrued liabilities 326,000 Total liabilities $ 6,292,000
Equity Method Investments [Table Text Block]	For the three months ended June 30, 2021 For the six months ended June 30, 2021 Revenue $ 183,000 $ 365,000 Expenses (167,000 ) (366,000 ) Net income (loss) $ 16,000 $ (1,000 )

Note M - Leases (Tables)

Note M - Leases (Tables)	6 Months Ended
	Jun. 30, 2022
Notes Tables
Operating Lease, Lease Income [Table Text Block]	For the Three Months Ended June 30, For the Six Months Ended June 30, Lease revenue 2022 2021 2022 2021 Fixed contractual payments $ 1,766,000 $ 2,275,000 $ 3,514,000 $ 4,673,000 Variable lease payments $ 5,203,000 $ 658,000 $ 9,839,000 $ 1,147,000 Straight-line rental income $ (9,000 ) $ 34,000 $ (5,000 ) $ 81,000
Lessor, Operating Lease, Payment to be Received, Fiscal Year Maturity [Table Text Block]	For the year ended, Future lease payments due 2022 (Remainder) $ 3,082,000 2023 $ 5,010,000 2024 $ 4,484,000 2025 $ 3,504,000 2026 $ 2,626,000 Thereafter $ 523,000

Note A - Organization and Bus_3

Note A - Organization and Business Operations (Details Textual) $ / shares in Units, a in Millions		6 Months Ended
	Aug. 25, 2021 USD ($) ft² $ / shares shares	Jun. 30, 2022 USD ($) ft² a $ / shares	May 27, 2022 $ / shares	Dec. 31, 2021 USD ($) $ / shares
Number of Parking Facilities		45
Number of Parking Spaces		15,818
Area of Real Estate Property (Square Foot) | ft²		5,500,000
Warrants and Rights Outstanding		$ 3,319,000		$ 3,319,000
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares		$ 0.0001		$ 0.0001
Color Up to Purchase Common Stock Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares) | shares	1,702,128
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 11.75
Class of Warrant or Right, Maximum Aggregate Cash Purchase Price Allowed	$ 20,000,000
Warrants and Rights Outstanding	3,300,000
Acquisition of Three Parking Garages [Member]
Asset Acquisition, Consideration Transferred, Total	91,386,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	35,000,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	98,919,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	4,000,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	44,533,000
Business Acquisition,Transaction Expenses	12,200,000
Settlement of Deferred Management Internalization	10,000,000
Asset Acquisition, Consideration Transferred, Transaction Cost	$ 4,000,000
OP Units [Member] | Acquisition of Three Parking Garages [Member]
Asset Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	7,495,090
Asset Acquisition, Share Price (in dollars per share) | $ / shares	$ 11.75
Asset Acquisition, Consideration Transferred, Total	$ 84,100,000
MIT Common Shares [Member]
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares			$ 0.0001
Multi-level Parking Garage in Cincinnati Ohio 1 [Member]
Number of Parking Spaces	765
Multi-level Parking Garage in Cincinnati Ohio 2 [Member]
Number of Parking Spaces	1,625
Multi-level Parking Garage in Chicago Illinois [Member]
Number of Parking Spaces	1,154
Multi-level Parking Garage [Member]
Area of Real Estate Property (Square Foot) | ft²	1,201,000
Mobile Infra Operating Partnership, L.P [Member] | OP Units [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		45.80%
OP Units [Member] | Color Up, LLC Loan [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		44.20%
OP Units [Member] | HSCP Strategic III, LP [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		10%
Bombe Asset Management LLC [Member]
Noncontrolling Interest, Ownership Percentage by Parent			100%
Retail Site [Member]
Area of Real Estate Property (Square Foot) | a		0.2

Note A - Organization and Bus_4

Note A - Organization and Business Operations - Assets Acquired and Liabilities Assumed (Details) - Acquisition of Three Parking Garages [Member]	Aug. 25, 2021 USD ($)
Investment in real estate	$ 98,919,000
Intangibles - technology	4,000,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	35,000,000
Long-term debt	(44,533,000)
Indemnification liability	(2,000,000)
Total assets acquired and liabilities assumed	91,386,000
Total consideration	91,386,000
OP Units [Member]
Equity interest	88,067,000	[1]
Warrants [Member]
Equity interest	$ 3,319,000
[1]Represents the value of the 7,495,090 OP Units issued at $11.75 per unit, excluding associated transaction costs of approximately $4.0 million.

Note B - Summary of Significa_2

Note B - Summary of Significant Accounting Policies (Details Textual)	3 Months Ended	6 Months Ended
	Jun. 30, 2021 USD ($)	Jun. 30, 2022	Jun. 30, 2021 USD ($)
Number of Parking Tenants or Operators	13	14	13
Immaterial Error Correction to the Consolidated Statements of Operations For Property Taxes [Member]
Increase (Decrease) in Property and Other Taxes Payable	$ 255,000		$ 510,000
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, SP+Corporation [Member]
Concentration Risk, Percentage		59.40%	63.30%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, Premier Parking Service, LLC [Member]
Concentration Risk, Percentage		13.30%	13.30%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Cincinnati [Member]
Concentration Risk, Percentage		19.10%	8.10%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Detroit [Member]
Concentration Risk, Percentage		12.70%	19%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Chicago [Member]
Concentration Risk, Percentage		8.80%	0%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Houston [Member]
Concentration Risk, Percentage		7.80%	11.70%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, SP+Corporation [Member]
Concentration Risk, Percentage		61.70%	25.40%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, Premier Parking Service, LLC [Member]
Concentration Risk, Percentage			23.60%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, ABM Parking Services Inc [Member]
Concentration Risk, Percentage			13%

Note C - Commitments and Cont_2

Note C - Commitments and Contingencies (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Jun. 30, 2022	Nov. 05, 2021	Nov. 02, 2021
Loss Contingency, Maximum Amount of Indemnification Limit	$ 2
Purchase Agreement With Company, Operating Partnership, and HSCP Strategic III, L.P. [Member] | OP Units [Member]
Limited Partners' Capital Account, Units Issued (in shares)		900,506	1,702,128
Limited Partner, Option to Purchase Units, Price Per Share (in dollars per share)		$ 11.75	$ 11.75

Note D - Acquisitions and Dis_3

Note D - Acquisitions and Dispositions of Investments in Real Estate (Details Textual) - Leases, Acquired-in-Place [Member]	6 Months Ended
	Jun. 30, 2022
Finite-Lived Intangible Asset, Useful Life (Year)	5 years
One W7 Carpark [Member]
Finite-Lived Intangible Asset, Useful Life (Year)	5 years

Note D - Acquisitions and Dis_4

Note D - Acquisitions and Dispositions of Investments in Real Estate - Parking Asset Acquisitions (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($) ft² a	Dec. 31, 2021 USD ($) ft² a
Two22 Sheridan Bricktown Garage [Member]
Number of space	555
Property size (Acre) | a	0.64
Retail size (Square Foot) | ft²	15,628
Purchase price	$ 17,513,000
One W7 Carpark LLC [Member]
Number of space		765
Property size (Acre) | a		1.21
Retail size (Square Foot) | ft²		18,385
Purchase price		$ 32,122,000
Two2 W7 [Member]
Number of space		1,625
Property size (Acre) | a		1.84
Purchase price		$ 28,314,000
Three22 Streeter [Member]
Number of space		1,154
Property size (Acre) | a		2.81
Purchase price		$ 38,483,000
Second Street [Member]
Number of space		118
Purchase price		$ 3,253,000
Denver 1725 Champa Street Garage, LLC [Member]
Number of space		450
Property size (Acre) | a		0.72
Purchase price		$ 16,274,000

Note D - Acquisitions and Dis_5

Note D - Acquisitions and Dispositions of Investments in Real Estate - Allocated Acquisition Value of All Properties Acquired (Details) - USD ($)		Jun. 30, 2022	Dec. 31, 2021
Total asset acquired		$ 17,513,000	$ 118,446,000	[1]
Contract value	[1]		3,160,000
Leases, Acquired-in-Place [Member]
Intangibles - technology		179,000	308,000	[1]
Land and Land Improvements [Member]
Investment in real estate		1,314,000	26,280,000	[1]
Building and Building Improvements [Member]
Investment in real estate		16,020,000	88,698,000	[1]
Two22 Sheridan Bricktown Garage [Member]
Total asset acquired	[2]	17,513,000
Two22 Sheridan Bricktown Garage [Member] | Leases, Acquired-in-Place [Member]
Intangibles - technology	[2]	179,000
Two22 Sheridan Bricktown Garage [Member] | Land and Land Improvements [Member]
Investment in real estate	[2]	1,314,000
Two22 Sheridan Bricktown Garage [Member] | Building and Building Improvements [Member]
Investment in real estate	[2]	$ 16,020,000
One W7 Carpark [Member]
Total asset acquired	[1]		32,122,000
One W7 Carpark [Member] | Leases, Acquired-in-Place [Member]
Intangibles - technology	[1]		308,000
One W7 Carpark [Member] | Land and Land Improvements [Member]
Investment in real estate	[1]		2,995,000
One W7 Carpark [Member] | Building and Building Improvements [Member]
Investment in real estate	[1]		28,819,000
Two2 W7 [Member]
Total asset acquired			28,314,000
Two2 W7 [Member] | Land and Land Improvements [Member]
Investment in real estate			4,391,000
Two2 W7 [Member] | Building and Building Improvements [Member]
Investment in real estate			23,923,000
Three22 Streeter [Member]
Total asset acquired			38,483,000
Three22 Streeter [Member] | Land and Land Improvements [Member]
Investment in real estate			11,387,000
Three22 Streeter [Member] | Building and Building Improvements [Member]
Investment in real estate			27,096,000
Second Street [Member]
Total asset acquired	[1]		3,253,000
Contract value	[1]		3,160,000
Second Street [Member] | Land and Land Improvements [Member]
Investment in real estate	[1]		93,000
Denver 1725 Champa Street Garage, LLC [Member]
Total asset acquired			16,274,000
Denver 1725 Champa Street Garage, LLC [Member] | Land and Land Improvements [Member]
Investment in real estate			7,414,000
Denver 1725 Champa Street Garage, LLC [Member] | Building and Building Improvements [Member]
Investment in real estate			$ 8,860,000
[1]The value of in-place lease assets and the 2nd Street contract are included in intangible assets on the consolidated balance sheet. The life of the in-place lease at 1W7 is 5 years. The life of the contract at 2nd Street is indefinite.[2]The in-place lease asset has a life of 5 years and is included in intangible assets on the consolidated balance sheet.

Note E - Related Party Transa_2

Note E - Related Party Transactions and Arrangements (Details Textual)		3 Months Ended		6 Months Ended
	Aug. 25, 2021 USD ($)	Jun. 30, 2022 USD ($) ft²	Jun. 30, 2021 USD ($)	Jun. 30, 2022 USD ($) ft²	Jun. 30, 2021 USD ($)	May 31, 2022 ft²	Dec. 31, 2021 USD ($)
Notes Payable, Total		$ 150,299,000		$ 150,299,000			$ 207,153,000
Area of Real Estate Property (Square Foot) | ft²		5,500,000		5,500,000
Building for Parking Rental in Ohio [Member]
Area of Real Estate Property (Square Foot) | ft²						531,000
Unfinished Retain Office Space With ProKids [Member]
Area of Real Estate Property (Square Foot) | ft²						21,000
Park Place Parking [Member]
Due from Related Parties, Total		$ 150,000		$ 150,000
VRMI and VRMII [Member]
Notes Payable, Total							$ 11,500,000
Interest Expense, Debt, Total		200,000	$ 0	400,000	$ 0
Affiliate of Bombe Asset Management LLC [Member]
Costs and Expenses, Related Party		1,600,000		2,500,000
Affiliate of Bombe Asset Management LLC [Member] | License Agreement [Member]
License Fee, Monthly	$ 5,000
ProKids [Member]
Due from Related Parties, Total		$ 0		0
Revenue from Related Parties				$ 0

Note F - Stock-based Compensa_3

Note F - Stock-based Compensation (Details Textual) - USD ($)		6 Months Ended		12 Months Ended
	May 27, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2020	Dec. 31, 2021	Mar. 01, 2021
Non-restricted Shares [Member]
Share-based Payment Arrangement, Expense				$ 144,000
Shares Issued, Price Per Share (in dollars per share)						$ 11.75
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			0
LTIP Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)	$ 15.47	$ 15.47			$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 15.47
Performance Units [Member]
Share-based Payment Arrangement, Expense		$ 391,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)	1,500,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value, Ending Balance (in dollars per share)		$ 12.21			$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percent of Market Condition	50%
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Rights, Percent of Performance Condition	50%
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)		0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 12.21
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting, Minimum Price of Adjusted Funds From Operations Required		1.25%
Percentage of Distributions Payable Entitled		10%
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total		$ 6,300,000
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)		1 year 6 months 25 days
Performance Units [Member] | Vesting Subject to Market Condition [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)		750,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 8.95
Performance Units [Member] | Vesting Subject to Performance Condition [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)		750,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value (in dollars per share)		$ 15.47

Note F - Stock-based Compensa_4

Note F - Stock-based Compensation - Share-based Activity (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
LTIP Units [Member]
Balance, number (in shares) | shares	0
Balance, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Grant, number (in shares) | shares	9,686
Granted, weighted average grant fv per share (in dollars per share) | $ / shares	$ 15.47
Vested, number (in shares) | shares	0
Vested, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Forfeited, number (in shares) | shares	0
Forfeited, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Balance, number (in shares) | shares	9,686
Balance, weighted average grant fv per share (in dollars per share) | $ / shares	$ 15.47
Performance Units [Member]
Balance, number (in shares) | shares	0
Balance, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Grant, number (in shares) | shares	1,500,000
Granted, weighted average grant fv per share (in dollars per share) | $ / shares	$ 12.21
Vested, number (in shares) | shares	0
Vested, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Forfeited, number (in shares) | shares	0
Forfeited, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Balance, number (in shares) | shares	1,500,000
Balance, weighted average grant fv per share (in dollars per share) | $ / shares	$ 12.21

Note G - Intangible Assets (Det

Note G - Intangible Assets (Details Textual) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Amortization of Intangible Assets	$ 194,000	$ 74,000	$ 370,000	$ 148,000

Note G - Intangible Assets - Sc

Note G - Intangible Assets - Schedule of Intangible Assets (Details) - USD ($)		Jun. 30, 2022	Mar. 31, 2021
Finite-lived intangible assets, accumulated amortization		$ 1,895,000	$ 1,526,000
Total intangible assets		10,025,000	9,756,000
Contract [Member]
Indefinite-lived intangible assets	[1]	3,160,000	3,160,000
Leases, Acquired-in-Place [Member]
Finite-lived intangible assets		2,564,000	2,398,000
Finite-lived intangible assets, accumulated amortization		1,459,000	1,311,000
Lease Commissions [Member]
Finite-lived intangible assets		165,000	152,000
Finite-lived intangible assets, accumulated amortization		93,000	82,000
Technology-Based Intangible Assets [Member]
Finite-lived intangible assets		4,136,000	4,046,000
Finite-lived intangible assets, accumulated amortization		$ 343,000	$ 133,000
[1]Indefinite-Lived in-place contract includes the 2nd Street, LLC property in Miami, FL acquired on November 3, 2021. Refer to Note D - Acquisitions and Dispositions of Investments in Real Estate.

Note G - Intangible Assets - _2

Note G - Intangible Assets - Schedule Of Future Amortization And Accretion Of Acquired Intangible Assets (Details)	Jun. 30, 2022 USD ($)
Leases, Acquired-in-Place [Member]
2022 (Remainder)	$ 157,000
2023	320,000
2024	303,000
2025	189,000
2026	107,000
Thereafter	29,000
Finite-Lived Intangible Assets, Net, Ending Balance	1,105,000
Lease Commissions [Member]
2022 (Remainder)	12,000
2023	24,000
2024	21,000
2025	10,000
2026	4,000
Thereafter	1,000
Finite-Lived Intangible Assets, Net, Ending Balance	72,000
Technology-Based Intangible Assets [Member]
2022 (Remainder)	221,000
2023	427,000
2024	427,000
2025	427,000
2026	427,000
Thereafter	1,864,000
Finite-Lived Intangible Assets, Net, Ending Balance	$ 3,793,000

Note H - Earnings Per Share (De

Note H - Earnings Per Share (Details Textual) - shares	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	150,000	0

Note H - Earnings Per Share - S

Note H - Earnings Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Net loss attributable to MIC	$ (2,436,000)	$ (2,855,000)	$ (4,992,000)	$ (7,973,000)
Net loss attributable to participating securities	$ 0	$ 0	$ 0	$ 0
Basic and dilutive weighted average shares of Common Stock outstanding (in shares)	7,762,375	7,739,952	7,762,375	7,735,888
Diluted share equivalents outstanding (in shares)	0	0	0	0
Dilutive weighted average shares of Common Stock outstanding (in shares)	7,762,375	7,739,952	7,762,375	7,735,888
Basic and dilutive (in dollars per share)	$ (0.31)	$ (0.37)	$ (0.64)	$ (1.03)

Note I - Notes Payable and Pa_3

Note I - Notes Payable and Paycheck Protection Program Loan (Details Textual) - USD ($)	1 Months Ended
	Apr. 30, 2022	Jun. 30, 2022	Dec. 31, 2021	Sep. 30, 2021	Jun. 30, 2021	Dec. 31, 2020	Feb. 08, 2019	May 31, 2017	May 06, 2017	May 01, 2017
Restricted Cash and Cash Equivalents, Total		$ 5,357,000	$ 4,891,000		$ 4,085,000	$ 3,660,000
Promissory Note to KeyBank [Member]
Debt Instrument, Face Amount										$ 12,700,000
Promissory Note to Cantor Commercial Real Estate Lending, LP [Member]
Debt Instrument, Face Amount									$ 16,250,000
Loan to MVP St. Louis and MVP Memphis Poplar [Member]
Debt Instrument, Face Amount							$ 5,500,000
Loan With Meta Bank [Member]
Debt Instrument, Face Amount				$ 337,500
Loan With Cantor Commercial Real Estate [Member][
Debt Instrument, Face Amount								$ 6,000,000
SBA PPP Loan [Member]
Debt Instrument, Decrease, Forgiveness	$ 328,000
Loan Covenant Not Being Met [Member]
Loans and Leases Receivable, Net Amount		58,600,000	96,000,000
Restricted Cash and Cash Equivalents, Total		$ 442,000	$ 359,000

Note I - Notes Payable and Pa_4

Note I - Notes Payable and Paycheck Protection Program Loan - Principal Balances on Notes Payable (Details)	6 Months Ended
	Jun. 30, 2022 USD ($)
Debt balance, net	$ 151,073,000
Notes Payable [Member]
Less unamortized loan issuance costs	(774,000)
Notes Payable and Paycheck Protection Program Loan [Member]
Debt balance, net	150,299,000
Corporate D and O Insurance [Member] | Notes Payable [Member]
Original debt amount	450,000	[1]
Monthly payment	38,000	[1]
Debt balance	$ 37,000	[1]
Term (Year)	1 year	[1]
interest rate	3.95%	[1]
MVP Clarksburg Lot [Member] | Notes Payable [Member]
Original debt amount	$ 476,000
Debt balance	$ 476,000
Term (Year)	1 year
interest rate	7%
MCI 1372 Street [Member] | Notes Payable [Member]
Original debt amount	$ 574,000
Debt balance	$ 574,000
Term (Year)	1 year
interest rate	7%
MVP Milwaukee Old World [Member] | Notes Payable [Member]
Original debt amount	$ 771,000
Debt balance	$ 1,871,000
Term (Year)	1 year
interest rate	7%
MVP Milwaukee Clybourn [Member] | Notes Payable [Member]
Original debt amount	$ 191,000
Debt balance	$ 191,000
Term (Year)	1 year
interest rate	7%
MVP Wildwood NJ Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,000,000
Debt balance	$ 1,000,000
Term (Year)	1 year
interest rate	7%
MVP Cincinnati Race Street LLC [Member] | Notes Payable [Member]
Original debt amount	$ 2,550,000
Debt balance	$ 3,450,000
Term (Year)	1 year
interest rate	7%
Minneapolis Venture [Member] | Notes Payable [Member]
Original debt amount	$ 2,000,000
Debt balance	$ 4,000,000
Term (Year)	1 year
interest rate	7%
MVP Memphis Poplar [Member] | Notes Payable [Member]
Original debt amount	$ 1,800,000	[2]
Debt balance	$ 1,800,000	[2]
Term (Year)	5 years	[2]
interest rate	5.38%	[2]
MVP St Louis [Member] | Notes Payable [Member]
Original debt amount	$ 3,700,000	[2]
Debt balance	$ 3,700,000	[2]
Term (Year)	5 years	[2]
interest rate	5.38%	[2]
Notes Payable [Member] | One W7 Carpark LLC and 222 W 7th Holdco, LLC [Member]
Original debt amount	$ 339,000
Monthly payment	6,400
Debt balance	$ 140,000
Term (Year)	5 years
interest rate	5%
Mabley Place Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 9,000,000
Monthly payment	44,000
Debt balance	$ 7,717,000
Term (Year)	10 years
interest rate	4.25%
The 322 Streeter Holdco LLC [Member] | Notes Payable [Member]
Original debt amount	$ 25,900,000
Debt balance	$ 25,683,000
Term (Year)	5 years	[3]
interest rate	3.50%
MVP Houston Saks Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 3,650,000
Monthly payment	20,000
Debt balance	$ 3,007,000
Term (Year)	10 years
interest rate	4.25%
Minneapolis City Parking LLC [Member] | Notes Payable [Member]
Original debt amount	$ 5,250,000
Monthly payment	29,000
Debt balance	$ 4,442,000
Term (Year)	10 years
interest rate	4.50%
MVP Bridgeport Fairfield Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 4,400,000
Monthly payment	23,000
Debt balance	$ 3,718,000
Term (Year)	10 years
interest rate	4%
West 9th Properties II LLC [Member] | Notes Payable [Member]
Original debt amount	$ 5,300,000
Monthly payment	30,000
Debt balance	$ 4,559,000
Term (Year)	10 years
interest rate	4.50%
MVP Fort Worth Taylor LLC [Member] | Notes Payable [Member]
Original debt amount	$ 13,150,000
Monthly payment	73,000
Debt balance	$ 11,342,000
Term (Year)	10 years
interest rate	4.50%
MVP Detroit Center Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 31,500,000
Monthly payment	194,000
Debt balance	$ 27,944,000
Term (Year)	10 years
interest rate	5.52%
MVP St Louis Washington LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,380,000	[4]
Monthly payment	8,000	[4]
Debt balance	$ 1,287,000	[4]
Term (Year)	10 years	[3],[4]
interest rate	4.90%	[4]
St Paul Holiday Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 4,132,000	[4]
Monthly payment	24,000	[4]
Debt balance	$ 3,853,000	[4]
Term (Year)	10 years	[3],[4]
interest rate	4.90%	[4]
Cleveland Lincoln Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 3,999,000	[4]
Monthly payment	23,000	[4]
Debt balance	$ 3,729,000	[4]
Term (Year)	10 years	[3],[4]
interest rate	4.90%	[4]
MVP Denver Sherman LLC [Member] | Notes Payable [Member]
Original debt amount	$ 286,000	[4]
Monthly payment	2,000	[4]
Debt balance	$ 266,000	[4]
Term (Year)	10 years	[3],[4]
interest rate	4.90%	[4]
MVP Milwaukee Arena Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 2,142,000	[4]
Monthly payment	12,000	[4]
Debt balance	$ 1,998,000	[4]
Term (Year)	10 years	[3],[4]
interest rate	4.90%	[4]
MVP Denver 1935 Sherman LLC [Member] | Notes Payable [Member]
Original debt amount	$ 762,000	[4]
Monthly payment	4,000	[4]
Debt balance	$ 710,000	[4]
Term (Year)	10 years	[3],[4]
interest rate	4.90%	[4]
MVP Louisville Broadway Station LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,682,000	[5]
Debt balance	$ 1,682,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
MVP Whitefront Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 6,454,000	[5]
Debt balance	$ 6,454,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
MVP Houston Preston Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,627,000	[5]
Debt balance	$ 1,627,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
MVP Houston San Jacinto Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,820,000	[5]
Debt balance	$ 1,820,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
St Louis Broadway LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,671,000	[5]
Debt balance	$ 1,671,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
St Louis Seventh Cerre LLC [Member] | Notes Payable [Member]
Original debt amount	$ 2,057,000	[5]
Debt balance	$ 2,057,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
MVP Indianapolis Meridian Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 938,000	[5]
Debt balance	$ 938,000	[5]
Term (Year)	10 years	[5],[6]
interest rate	5.03%	[5]
St Louis Cardinal Lot DST LLC [Member] | Notes Payable [Member]
Original debt amount	$ 6,000,000	[7]
Debt balance	$ 6,000,000	[7]
Term (Year)	10 years	[6],[7]
interest rate	5.25%	[7]
MVP Preferred Parking LLC [Member] | Notes Payable [Member]
Original debt amount	$ 11,330,000
Debt balance	$ 11,330,000
Term (Year)	10 years	[6]
interest rate	5.02%
[1]On September 30, 2021, the Company entered into a loan with Meta Bank to finance $337,500 of the Directors & Officers insurance policy premium. The loan matured on July 31, 2022.[2]On February 8, 2019, subsidiaries of the Company, consisting of MVP PF St. Louis 2013, LLC (“MVP St. Louis 2013”), and MVP PF Memphis Poplar 2013, LLC (“MVP Memphis Poplar”), LLC entered into a loan agreement, dated as of February 8, 2019, with LoanCore Capital Credit REIT LLC (“LoanCore”). Under the terms of the Loan Agreement, LoanCore agreed to loan MVP St. Louis 2013 and MVP Memphis Poplar $5.5 million to repay and discharge the outstanding KeyBank loan agreement. The loan is secured by a Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing on each of the properties owned by MVP St. Louis 2013 and MVP Memphis Poplar.[3]2 Year Interest Only[4]The Company issued a promissory note to KeyBank for $12.7 million secured by the pool of properties.[5]The Company issued a promissory note to Cantor Commercial Real Estate Lending, L.P. (“CCRE”) for $16.25 million secured by the pool of properties.[6]10 Year Interest Only[7]Pursuant to the Closing of the Transaction, the Company recorded the $6.0 million loan with Cantor Commercial Real Estate upon the consolidation of its investment in MVP St. Louis Cardinal Lot, DST. See Note I for further information.

Note I - Notes Payable and Pa_5

Note I - Notes Payable and Paycheck Protection Program Loan - Future Principal Payments (Details)	Jun. 30, 2022 USD ($)
2022 (remainder)	$ 12,833,000
2023	2,575,000
2024	15,308,000
2025	30,795,000
2026	22,630,000
Thereafter	66,932,000
Total	$ 151,073,000

Note J - Line of Credit (Detail

Note J - Line of Credit (Details Textual) - USD ($)					3 Months Ended
	Jun. 06, 2022	Apr. 21, 2022	Apr. 15, 2022	Mar. 29, 2022	Jun. 30, 2022	Dec. 31, 2021
Long-Term Line of Credit, Total					$ 72,106,000	$ 0
Two22 Sheridan Bricktown Garage [Member]
Payments to Acquire Productive Assets, Total	$ 17,600,000
Credit Agreement [Member] | KeyBanc Capital Markets [Member]
Line of Credit Facility, Maximum Borrowing Capacity				$ 75,000,000	75,000,000
Line of Credit Facility, Additional Maximum Borrowing Capacity				$ 75,000,000
Debt Instrument, Covenant, Maximum Leverage Ratio				65%
Long-Term Line of Credit, Total					73,700,000
Payments of Financing Costs, Total					$ 2,000,000
Credit Agreement [Member] | KeyBanc Capital Markets [Member] | Base Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				1.75%
Credit Agreement [Member] | KeyBanc Capital Markets [Member] | Base Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate				3%
Credit Agreement [Member] | KeyBanc Capital Markets [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Minimum [Member]
Debt Instrument, Basis Spread on Variable Rate				0.75%
Credit Agreement [Member] | KeyBanc Capital Markets [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Maximum [Member]
Debt Instrument, Basis Spread on Variable Rate				2%
Loan With LoanCore Capital [Member]
Repayments of Debt			$ 37,900,000
Loans With Associated Bank [Member]
Repayments of Debt		$ 18,200,000

Note K - Fair Value (Details Te

Note K - Fair Value (Details Textual) - USD ($) $ in Millions	Jun. 30, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure, Total	$ 219.3	$ 161.2

Note L - Variable Interest En_3

Note L - Variable Interest Entities (Details Textual) ft² in Millions	6 Months Ended
	Jun. 30, 2022 USD ($) ft² a	Dec. 31, 2021 USD ($)	Aug. 25, 2021 USD ($)
Area of Real Estate Property (Square Foot) | ft²	5.5
Number of Parking Spaces	15,818
Assets, Total	$ 439,661,000	$ 429,147,000
Liabilities, Total	$ 243,221,000	$ 223,323,000
Cardinal Lot [Member]
Area of Real Estate Property (Square Foot) | a	2.56
Number of Parking Spaces	376
MVP St. Louise [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	51%
Assets, Total			$ 12,000,000
Liabilities, Total			$ 6,200,000
Gain (Loss) on Consolidation of VIE	$ 360,000

Note L - Variable Interest En_4

Note L - Variable Interest Entities - MVP St. Louis Balance Sheet Amounts (Details) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Investments in real estate	$ 422,226,000	$ 407,575,000
Cash	8,623,000	11,805,000
Cash – restricted	5,357,000	4,891,000
Accounts receivable, net allowance of doubtful accounts of $0.1 million as of December 31, 2021. No allowance as of June 30, 2022.	2,494,000	4,031,000
Prepaid expenses	544,000	676,000
Total assets	439,661,000	429,147,000
Notes payable and paycheck protection program loan, net	150,299,000	207,153,000
Accounts payable and accrued expenses	18,530,000	13,849,000
Total liabilities	243,221,000	$ 223,323,000
MVP St Louis [Member]
Investments in real estate	11,795,000
Cash	32,000
Cash – restricted	462,000
Accounts receivable, net allowance of doubtful accounts of $0.1 million as of December 31, 2021. No allowance as of June 30, 2022.	320,000
Prepaid expenses	13,000
Total assets	12,622,000
Notes payable and paycheck protection program loan, net	5,966,000
Accounts payable and accrued expenses	326,000
Total liabilities	$ 6,292,000

Note L - Variable Interest En_5

Note L - Variable Interest Entities - MVP St. Louis Income Statement Amounts (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue	$ 7,405,000	$ 3,818,000	$ 13,785,000	$ 7,529,000
Net income (loss)	$ (3,997,000)	(2,115,000)	$ (8,275,000)	(6,483,000)
MVP St Louis [Member]
Revenue		183,000		365,000
Expenses		(167,000)		(366,000)
Net income (loss)		$ 16,000		$ (1,000)

Note M - Leases - Lease Revenue

Note M - Leases - Lease Revenue (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Fixed contractual payments	$ 1,766,000	$ 2,275,000	$ 3,514,000	$ 4,673,000
Variable lease payments	5,203,000	658,000	9,839,000	1,147,000
Straight-line rental income	$ (9,000)	$ 34,000	$ (5,000)	$ 81,000

Note M - Leases - Future Contra

Note M - Leases - Future Contractual Lease Payments (Details)	Jun. 30, 2022 USD ($)
2022 (Remainder)	$ 3,082,000
2023	5,010,000
2024	4,484,000
2025	3,504,000
2026	2,626,000
Thereafter	$ 523,000

Note O - Equity (Details Textua

Note O - Equity (Details Textual) - USD ($)						6 Months Ended	27 Months Ended
	Nov. 05, 2021	Nov. 02, 2021	Mar. 29, 2019	Mar. 31, 2018	Mar. 24, 2017	Jun. 30, 2022	Jun. 30, 2022	Mar. 24, 2022	Dec. 31, 2021	Aug. 25, 2021	Jun. 30, 2021	Mar. 24, 2020	Apr. 07, 2019	Nov. 01, 2016
Class of Warrant or Right, Outstanding (in shares)						1,702,128	1,702,128		1,702,128
Dividends Payable						$ 1,500,000	$ 1,500,000				$ 1,500,000
Common Stock, Shares, Issued (in shares)						7,762,375	7,762,375		7,762,375
Purchase Agreement With Company, Operating Partnership, and HSCP Strategic III, L.P. [Member]
Limited Partnership Purchase Agreement, Consideration Transferred		$ 20,000,000
Tender Offer [Member]
Shares Issued, Price Per Share (in dollars per share)	$ 11.75
Stock Issued During Period, Shares, New Issues (in shares)	878,082
Proceeds from Issuance of Common Stock	$ 10,300,000
Subscription Agreement [Member]
Common Stock, Shares, Issued (in shares)	22,424
Maximum [Member] | Tender Offer [Member]
Common Stock, Shares, Issued (in shares)	900,506
Series A Warrants Issued Per $1,000 of Shares Subscribed [Member]
Class of Warrant or Right, Outstanding (in shares)					30
Warrants or Rights, Exercise Price, Percent of Stock Price					110%
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)					$ 25
Series 1 Warrants Issued Per $1,000 of Shares Subscribed [Member]
Class of Warrant or Right, Outstanding (in shares)													35
Warrants or Rights, Exercise Price, Percent of Stock Price													110%
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)						$ 25	$ 25						$ 25
Warrants and Rights Outstanding, Term (Year)													5 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)						1,382,675	1,382,675
Proceeds from Warrant Exercises						$ 34,600,000
Color Up to Purchase Common Stock Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)										$ 11.75
Warrants and Rights Outstanding, Term (Year)										5 years
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)										1,702,128
Class of Warrant or Right, Maximum Aggregate Cash Purchase Price Allowed										$ 20,000,000
Series A Convertible Redeemable Preferred Stock [Member]
Stock Offering, Shares, Value														$ 50,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)														$ 0.0001
Proceeds from Issuance or Sale of Equity, Total					$ 2,500,000
Preferred Stock, Dividend Rate, Percentage				7.50%	5.75%
Preferred Stock, Stated Value (in dollars per share)					$ 1,000
Series A Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)						$ 0.0001	$ 0.0001		$ 0.0001
Preferred Stock, Distributions Declared, Value								$ 1,098,000
Dividends, Preferred Stock, Total							$ 597,000
Dividends Payable						$ 501,000	$ 501,000		$ 393,000
Preferred Stock, Shares Authorized (in shares)						50,000	50,000		50,000
Series 1 Convertible Redeemable Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)			$ 0.0001
Preferred Stock, Distributions Declared, Value												$ 12,900,000
Dividends, Preferred Stock, Total							$ 6,400,000
Dividends Payable						$ 6,500,000	$ 6,500,000		$ 5,100,000
Preferred Stock, Shares Authorized (in shares)			97,000
Increased Dividend Rate Costs Per Quarter						$ 150,000
Preferred Stock, Conversion, Initial Amount			$ 1,000
Series 1 Convertible Redeemable Preferred Stock [Member] | Minimum [Member]
Preferred Stock, Dividend Rate, Percentage			5.50%			5.50%
Series 1 Convertible Redeemable Preferred Stock [Member] | Maximum [Member]
Preferred Stock, Dividend Rate, Percentage						7%
OP Units [Member]
Equity Units, Outstanding, Total (in shares)						17,000,000
OP Units [Member] | Purchase Agreement With Company, Operating Partnership, and HSCP Strategic III, L.P. [Member]
Limited Partners' Capital Account, Units Issued (in shares)	900,506	1,702,128
Limited Partners, Option to Purchase Units (in shares)		425,532
Limited Partner, Option to Purchase Units, Price Per Share (in dollars per share)	$ 11.75	$ 11.75
Class A Units [Member] | Purchase Agreement With Company, Operating Partnership, and HSCP Strategic III, L.P. [Member]
Limited Partners' Capital Account, Units Issued (in shares)		425,532
Convertible OP Units [Member]
Equity Units, Outstanding, Total (in shares)						0

Note P - Subsequent Events (Det

Note P - Subsequent Events (Details Textual) - MacKenzie Capital Management [Member] - Subsequent Event [Member]	Jul. 18, 2022 shares
Common Stock [Member]
Maximum Shares Required Under Offer (in shares)	103,500
Percentage of Outstanding Shares	1.33%
Preferred Stock [Member]
Maximum Shares Required Under Offer (in shares)	1,070
Percentage of Outstanding Shares	2.51%