Mobile Infrastructure (MBIC) 10-Q 18 Nov 22 2022 Q3 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	9 Months Ended
	Sep. 30, 2022	Nov. 16, 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	Q3
Document Fiscal Year Focus	2022
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 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

Consolidated Balance Sheets (Cu

Consolidated Balance Sheets (Current Period Unaudited) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Investments in real estate
Land and improvements	$ 166,921	$ 166,224
Buildings and improvements	271,964	254,379
Construction in progress	585	89
Intangible assets	10,078	9,756
Real Estate Investment Property, at Cost, Total	449,548	430,448
Accumulated depreciation and amortization	(28,935)	(22,873)
Total investments in real estate, net	420,613	407,575
Fixed assets, net	207	61
Cash	5,862	11,805
Cash – restricted	6,721	4,891
Prepaid expenses	1,021	676
Accounts receivable, net	2,578	4,031
Other assets	64	108
Total assets	437,066	429,147
Liabilities
Notes payable, net	148,278	207,153
Revolving credit facility, net	72,648	0
Accounts payable and accrued expenses	21,604	13,849
Indemnification Liability	1,905	2,000
Security deposits	97	166
Deferred revenue	372	155
Total liabilities	244,904	223,323
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 September 30, 2022 and December 31, 2021	0	0
Warrants issued and outstanding – 1,702,128 warrants as of September 30, 2022 and December 31, 2021, respectively	3,319	3,319
Additional paid-in capital	193,926	196,176
Accumulated deficit	(106,692)	(101,049)
Total Mobile Infrastructure Corporation Stockholders’ Equity	90,553	98,446
Non-controlling interest	101,609	107,378
Total equity	192,162	205,824
Total liabilities and equity	437,066	429,147
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

Consolidated Balance Sheets (_2

Consolidated Balance Sheets (Current Period Unaudited) (Parentheticals) - USD ($)	Sep. 30, 2022	Dec. 31, 2021
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

Consolidated Statements of Oper

Consolidated Statements of Operations (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Revenues
Management income	$ 0	$ 1,290	$ 427	$ 2,294
Total revenues	8,418	5,778	22,203	13,307
Operating expenses
Property taxes	1,912	1,119	5,592	3,421
Property operating expense	501	338	2,069	894
General and administrative	2,455	1,805	5,843	4,665
Professional fees, net of reimbursement of insurance proceeds	525	413	2,087	2,243
Organizational, offering and other costs	2,168	0	4,693	0
Depreciation and amortization	2,137	1,437	6,125	3,953
Total operating expenses	9,698	5,112	26,409	15,176
Other income (expense)
Interest expense	(3,387)	(2,487)	(9,094)	(6,783)
Loss on sale of real estate	(52)	0	(52)	0
PPP loan forgiveness	0	0	328	348
Other income	123	5	153	5
Gain on consolidation of DST	0	360	0	360
Settlement of deferred management internalization	0	10,040	0	10,040
Transaction expenses	0	(12,224)	0	(12,224)
Total other income (expense)	(3,316)	(4,306)	(8,665)	(8,254)
Net loss	(4,596)	(3,640)	(12,871)	(10,123)
Less net loss attributable to non-controlling interest	(2,445)	(613)	(7,228)	(623)
Net loss attributable to Mobile Infrastructure Corporation’s stockholders	(2,151)	(3,027)	(5,643)	(9,500)
Net loss attributable to Mobile Infrastructure Corporation’s common stockholders	$ (2,901)	$ (3,777)	$ (7,893)	$ (11,750)
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)	$ (0.37)	$ (0.49)	$ (1.02)	$ (1.52)
Weighted average common shares outstanding, basic and diluted (in shares)	7,762,375	7,739,951	7,762,375	7,737,257
Series A Preferred Stock [Member]
Other income (expense)
Preferred stock distributions declared	$ (54)	$ (54)	$ (162)	$ (162)
Series1 Preferred Stock [Member]
Other income (expense)
Preferred stock distributions declared	(696)	(696)	(2,088)	(2,088)
Base Rent Income [Member]
Revenues
Rental income	2,173	3,285	6,346	9,570
Percentage Rent Income [Member]
Revenues
Rental income	$ 6,245	$ 1,203	$ 15,430	$ 1,443

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity (Unaudited) - USD ($) $ in Thousands	Series A Preferred Stock [Member] Common Stock [Member]	Series A Preferred Stock [Member] Warrants [Member]	Series A Preferred Stock [Member] Additional Paid-in Capital [Member]	Series A Preferred Stock [Member] Retained Earnings [Member]	Series A Preferred Stock [Member] Noncontrolling Interest [Member]	Series A Preferred Stock [Member]	Series1 Preferred Stock [Member] Common Stock [Member]	Series1 Preferred Stock [Member] Warrants [Member]	Series1 Preferred Stock [Member] Additional Paid-in Capital [Member]	Series1 Preferred Stock [Member] Retained Earnings [Member]	Series1 Preferred Stock [Member] Noncontrolling Interest [Member]	Series1 Preferred Stock [Member]	Preferred Stock [Member]	Common Stock [Member]	Warrants [Member]	Additional Paid-in Capital [Member]	Retained Earnings [Member]	Noncontrolling Interest [Member]	Total
Balance (in shares) at Dec. 31, 2020													42,673	7,727,696
Balance at Dec. 31, 2020													$ 0	$ 0	$ 0	$ 198,769	$ (89,985)	$ 2,034	$ 110,818
Distributions	$ 0	$ 0	$ (54)	$ 0	$ 0	$ (54)	$ 0	$ 0	$ (696)	$ 0	$ 0	$ (696)	0
Net loss													$ 0	$ 0	0	0	(4,368)	0	(4,368)
Stock Awards (in shares)													0	12,255
Stock Awards													$ 0	$ 0	0	144	0	0	144
Balance (in shares) at Mar. 31, 2021													42,673	7,739,951
Balance at Mar. 31, 2021													$ 0	$ 0	0	198,163	(94,353)	2,034	105,844
Distributions	0		(54)	0	0	(54)	0		(696)	0	0	(696)	0
Net loss													$ 0	$ 0		0	(2,105)	(10)	(2,115)
Balance (in shares) at Jun. 30, 2021													42,673	7,739,951
Balance at Jun. 30, 2021													$ 0	$ 0	0	197,413	(96,458)	2,024	102,979
Distributions	0	0	(54)	0	0	(54)	0	0	(696)	0	0	(696)	0
Net loss													0	0	0	0	(3,027)	(613)	(3,640)
Issuance of OP Units													0	0	0	0	0	83,930	83,930
Issuance of warrants													0	0	3,319	0	0	0	3,319
Consolidation of DST													$ 0	$ 0	0	0	0	2,553	2,553
Balance (in shares) at Sep. 30, 2021													42,673	7,739,951
Balance at Sep. 30, 2021													$ 0	$ 0	3,319	196,663	(99,485)	87,894	188,391
Balance (in shares) at Dec. 31, 2021													42,673	7,762,375
Balance at Dec. 31, 2021													$ 0	$ 0	3,319	196,176	(101,049)	107,378	205,824
Distributions	0	0	(54)	0	0	(54)	0	0	(696)	0	0	(696)	0
Net loss													$ 0	$ 0	0	0	(1,806)	(2,472)	(4,278)
Balance (in shares) at Mar. 31, 2022													42,673	7,762,375
Balance at Mar. 31, 2022													$ 0	$ 0	3,319	195,426	(102,855)	104,906	200,796
Distributions	0	0	(54)	0	0	(54)	0	0	(696)	0	0	(696)	0
Net loss													0	0	0	0	(1,686)	(2,311)	(3,997)
Equity based payments													$ 0	$ 0	0	0	0	391	391
Balance (in shares) at Jun. 30, 2022													42,673	7,762,375
Balance at Jun. 30, 2022													$ 0	$ 0	3,319	194,676	(104,541)	102,986	196,440
Distributions	$ 0	$ 0	$ (54)	$ 0	$ 0	$ (54)	$ 0	$ 0	$ (696)	$ 0	$ 0	$ (696)	0
Net loss													0	0	0		(2,151)	(2,445)	(4,596)
Equity based payments													$ 0	$ 0	0	0	0	1,068	1,068
Balance (in shares) at Sep. 30, 2022													42,673	7,762,375
Balance at Sep. 30, 2022													$ 0	$ 0	$ 3,319	$ 193,926	$ (106,692)	$ 101,609	$ 192,162

Consolidated Statements of Cash

Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net Loss	$ (12,871)	$ (10,123)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization expense	6,125	3,953
Amortization of loan costs	1,337	201
PPP loan forgiveness	(328)	(348)
Loss on sale of real estate	52	0
Amortization of right of use lease asset	0	57
Equity based payments	1,459	144
Income from or gain on consolidation of DST	0	(360)
Settlement of deferred management internalization	0	(10,040)
Changes in operating assets and liabilities
Due to/from related parties	0	18
Accounts payable	5,380	(1,985)
Indemnification liability	(95)	2,000
Right of use lease liability	0	(57)
Security deposits	(69)	16
Other assets	44	(17)
Deferred revenue	217	(140)
Accounts receivable	1,453	(564)
Prepaid expenses	(345)	1,419
Net cash provided by (used in) operating activities	2,359	(15,826)
Cash flows from investing activities:
Building improvements	(2,353)	(345)
Capitalized technology	(143)	0
Purchase of investment in real estate	(17,513)	(3,253)
Proceeds from sale of investment in real estate	650	0
Net cash used in investing activities	(19,359)	(3,598)
Cash flows from financing activities:
Proceeds from revolving credit facility	73,700	0
Proceeds from notes payable	0	3,867
Payments on notes payable	(58,189)	(5,575)
Issuance of OP Units	0	31,333
Loan fees	(2,624)	(24)
Net cash provided by financing activities	12,887	29,601
Net change in cash and cash equivalents and restricted cash	(4,113)	10,177
Initial consolidation of VIE	0	146
Cash and cash equivalents and restricted cash, beginning of period	16,696	7,895
Cash and cash equivalents and restricted cash, end of period	12,583	18,218
Reconciliation of Cash and Cash Equivalents and Restricted Cash:
Cash and cash equivalents at beginning of period	11,805	4,235
Restricted cash at beginning of period	4,891	3,660
Cash and cash equivalents and restricted cash, beginning of period	16,696	7,895
Cash and cash equivalents at end of period	5,862	13,084
Restricted cash at end of period	6,721	5,134
Cash and cash equivalents and restricted cash, end of period	12,583	18,218
Supplemental disclosures of cash flow information:
Interest Paid	7,258	6,582
Non-cash investing and financing activities:
Dividends declared not yet paid	2,250	2,251
Consolidation of variable interest entities, net	0	3,181
Assumption of debt through acquisition	0	44,478
Acquisition of properties through OP units and warrants	$ 0	$ 55,916

Note A - Organization and Busin

Note A - Organization and Business Operations	9 Months Ended
	Sep. 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 September 30, 2022 owned 44 parking facilities in 22 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”) 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 not 2021 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, Business Combinations not three The following schedule sets forth how the consideration exchanged in the Transaction was allocated among the various assets acquired and liabilities assumed (dollars in thousands). Investment in real estate $ 98,919 Intangibles - technology 4,000 Cash 35,000 Long-term debt (44,533 ) Indemnification liability (2,000 ) Total assets acquired and liabilities assumed $ 91,386 OP Units (1) 88,067 Warrants 3,319 Total consideration $ 91,386 ( 1 Pending Merger On May 27, 2022, September 26, 2022, 1 1 10 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 one not The MIT IPO and the Merger will 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	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note B Summary of Significant Accounting Policies Basis of Accounting The accompanying consolidated financial statements of the Company are prepared 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 consolidated financial statements do not three nine September 30, 2022 not may December 31, 2022. no nine September 30, 2022 2021 10 March 30, 2022. Going Concern The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses since its inception and anticipates net losses for the near future. As of September 30, 2022, twelve 10 not September 30, 2022, December 31, 2022, first 2023 December 31, 2022 not In response to these conditions, management’s plans include the following: 1. Capitalizing on recent business development initiatives that we anticipate will improve total revenues through increased utilization of our parking assets and in many cases at higher average ticket rates. 2. Management is budgeting reduced overhead costs in 2023 3. The Company is pursuing further amendments and/or extensions with respect to the Revolving Credit Facility, including waivers of noncompliance with covenants. 4. The Company is pursuing certain potential capital raise or liquidity events, including the Merger as described above. However, there can be no not The consolidated financial statements do not Consolidation The 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 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 fifteen parking tenant-operators during both the nine September 30, 2022 2021 . One tenant/operator, SP + Corporation (Nasdaq: SP) (“SP+”), represented 60.5% and 62.7 % of the Company’s revenue, excluding commercial revenue, for the nine September 30, 2022 2021 , respectively. Premier Parking Service, LLC represented 12.6% and 12.3% of the Company’s revenue, excluding commercial revenue, for the nine September 30, 2022 2021 , respectively. In addition, the Company had concentration s in Cincinnati (19.2% and 20.8 September 30, 2022 December 31, 2021, As of September 30, 2022 December 31, 2021, 59.3% and 51.9% o 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. In making estimates of fair values for purposes of allocating purchase price, the Company will utilize several sources, including independent appraisals that may 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 The value of lease intangibles is amortized to depreciation and amortization expense over the remaining term of the respective lease. If a tenant terminates its lease with us, the unamortized portion of the in-place lease intangibles is recognized over the shortened lease term. Impairment of Long-Lived Assets When circumstances indicate the carrying value of a property may not Immaterial Correction The Company determined that reimbursable property tax related to certain of its leases should have been recorded on a gross basis in the consolidated statement of operations for the three nine September 30, 2021 842, Leases three nine September 30, 2021, 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 - Acquisitions and Dispo

Note C - Acquisitions and Dispositions of Investments in Real Estate	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Asset Acquisition [Text Block]	Note C Acquisitions and Dispositions of Investments in Real Estate 2022 The following table is a summary of the parking asset acquisitions during the nine September 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 The following table is a summary of the allocated acquisition value of the property acquired by the Company during the nine September 30, 2022 Land and Improvements Building and improvements In-Place Lease Value Total assets acquired 222 Sheridan Bricktown Garage LLC (a) $ 1,314 $ 16,020 $ 179 $ 17,513 (a) The in-place lease value has a life of 5 years and is included in intangible assets on the consolidated balance sheets. On September 1, 2022, 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 222W7, LLC Cincinnati, OH 8/25/2021 Garage 1,625 1.84 — $ 28,314 322 Streeter, LLC Chicago, IL 8/25/2021 Garage 1,154 2.81 — $ 38,483 2nd Street, LLC Miami, FL 9/9/2021 Contract 118 N/A — $ 3,253 Denver 1725 Champa Street Garage Denver, CO 11/3/2021 Garage 450 0.72 — $ 16,274 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 Land and Improvements Building and improvements In-Place Lease Value Contract Value Total assets acquired 1W7 Carpark (a) $ 2,995 $ 28,819 $ 308 $ — $ 32,122 222W7 4,391 23,923 — — 28,314 322 Streeter 11,387 27,096 — — 38,483 2nd Street (a) 93 — — 3,160 3,253 Denver 1725 Champa Street Garage 7,414 8,860 — — 16,274 $ 26,280 $ 88,698 $ 308 $ 3,160 $ 118,446 (a) The value of in-place lease assets and the 2 nd 1W7 2 nd There were no December 31, 2021

Note D - Intangible Assets

Note D - Intangible Assets	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note D - Intangible Assets A schedule of the Company’s intangible assets and related accumulated amortization as of September 30, 2022 December 31, 2021 As of September 30, 2022 As of December 31, 2021 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization In-place lease value $ 2,564 $ 1,540 $ 2,398 $ 1,311 Lease commissions 165 100 152 82 Indefinite lived contract 3,160 — 3,160 — Acquired technology 4,189 451 4,046 133 Total intangible assets $ 10,078 $ 2,091 $ 9,756 $ 1,526 Amortization of the in-place lease value, lease commissions and acquired technology are included in depreciation and amortization in the accompanying consolidated statements of operations. Amortization expense associated with intangible assets totaled approximately $0.6 million and $0.3 million for the nine September 30, 2022 2021 d $ 0.2 million and $0.1 million for the three September 30, 2022 2021 A schedule of future amortization of acquired intangible assets for the nine September 30, 2022 In-place lease value Lease commissions Acquired technology 2022 (Remainder) $ 81 $ 6 $ 115 2023 320 24 437 2024 303 21 437 2025 189 10 437 2026 102 3 437 Thereafter 29 1 1,875 $ 1,024 $ 65 $ 3,738

Note E - Notes Payable

Note E - Notes Payable	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	Note E Notes Payable As of September 30, 2022 Loan Original Debt Amount Monthly Payment Balance as of 9/30/22 Lender Interest Rate Loan Maturity MVP Clarksburg Lot $ 476 I/O $ 379 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Milwaukee Old World $ 771 I/O $ 1,871 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Milwaukee Clybourn $ 191 I/O $ 191 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Wildwood NJ Lot, LLC $ 1,000 I/O $ 1,000 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Cincinnati Race Street, LLC $ 2,550 I/O $ 3,450 Vestin Realty Mortgage II 7.50 % 8/25/2023 Minneapolis Venture $ 2,000 I/O $ 4,000 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Memphis Poplar (3) $ 1,800 I/O $ 1,800 LoanCore 5.38 % 3/6/2024 MVP St. Louis (3) $ 3,700 I/O $ 3,700 LoanCore 5.38 % 3/6/2024 Mabley Place Garage, LLC $ 9,000 $ 44 $ 7,668 Barclays 4.25 % 12/6/2024 322 Streeter Holdco LLC $ 25,900 $ 130 $ 25,518 American National Insurance Co. 3.50 % 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650 $ 20 $ 2,981 Barclays Bank PLC 4.25 % 8/6/2025 Minneapolis City Parking, LLC $ 5,250 $ 29 $ 4,404 American National Insurance, of NY 4.50 % 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400 $ 23 $ 3,686 FBL Financial Group, Inc. 4.00 % 8/1/2026 West 9th Properties II, LLC $ 5,300 $ 30 $ 4,522 American National Insurance Co. 4.50 % 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150 $ 73 $ 11,250 American National Insurance, of NY 4.50 % 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500 $ 194 $ 27,753 Bank of America 5.52 % 2/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380 $ 8 $ 1,280 KeyBank * 4.90 % 5/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132 $ 24 $ 3,830 KeyBank * 4.90 % 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999 $ 23 $ 3,706 KeyBank * 4.90 % 5/1/2027 MVP Denver Sherman, LLC (1) $ 286 $ 2 $ 265 KeyBank * 4.90 % 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142 $ 12 $ 1,985 KeyBank * 4.90 % 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762 $ 4 $ 706 KeyBank * 4.90 % 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682 I/O $ 1,682 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454 I/O $ 6,454 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627 I/O $ 1,627 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820 I/O $ 1,820 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671 I/O $ 1,671 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057 I/O $ 2,057 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938 I/O $ 938 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St Louis Cardinal Lot DST, LLC $ 6,000 I/O $ 6,000 Cantor Commercial Real Estate ** 5.25 % 5/31/2027 MVP Preferred Parking, LLC $ 11,330 $ 66 $ 11,294 Key Bank ** 5.02 % 8/1/2027 Less unamortized loan issuance costs $ (1,210 ) $ 148,278 ( 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 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 * 2 ** 10 I/O - Interest Only During April 2022, two three nine September 30, 2022. During 2021, July 5, 2022, July 11, 2022, five six five five August 25, 2022. August 2022, August 2023. 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. A s September 30, 2022 December 31, 2021 owers for six seven on, respectively, failed to meet certain loan covenants tely $3.4 and $1.0 million September 30, 2022 December 31, 2021 two As of September 30, 2022 2022 (remainder) $ 791 2023 14,068 2024 15,986 2025 29,081 2026 22,630 Thereafter 66,932 Total $ 149,488

Note F - Revolving Credit Facil

Note F - Revolving Credit Facility	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Debt Disclosure [Text Block]	Note E Notes Payable As of September 30, 2022 Loan Original Debt Amount Monthly Payment Balance as of 9/30/22 Lender Interest Rate Loan Maturity MVP Clarksburg Lot $ 476 I/O $ 379 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Milwaukee Old World $ 771 I/O $ 1,871 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Milwaukee Clybourn $ 191 I/O $ 191 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Wildwood NJ Lot, LLC $ 1,000 I/O $ 1,000 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Cincinnati Race Street, LLC $ 2,550 I/O $ 3,450 Vestin Realty Mortgage II 7.50 % 8/25/2023 Minneapolis Venture $ 2,000 I/O $ 4,000 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Memphis Poplar (3) $ 1,800 I/O $ 1,800 LoanCore 5.38 % 3/6/2024 MVP St. Louis (3) $ 3,700 I/O $ 3,700 LoanCore 5.38 % 3/6/2024 Mabley Place Garage, LLC $ 9,000 $ 44 $ 7,668 Barclays 4.25 % 12/6/2024 322 Streeter Holdco LLC $ 25,900 $ 130 $ 25,518 American National Insurance Co. 3.50 % 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650 $ 20 $ 2,981 Barclays Bank PLC 4.25 % 8/6/2025 Minneapolis City Parking, LLC $ 5,250 $ 29 $ 4,404 American National Insurance, of NY 4.50 % 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400 $ 23 $ 3,686 FBL Financial Group, Inc. 4.00 % 8/1/2026 West 9th Properties II, LLC $ 5,300 $ 30 $ 4,522 American National Insurance Co. 4.50 % 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150 $ 73 $ 11,250 American National Insurance, of NY 4.50 % 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500 $ 194 $ 27,753 Bank of America 5.52 % 2/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380 $ 8 $ 1,280 KeyBank * 4.90 % 5/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132 $ 24 $ 3,830 KeyBank * 4.90 % 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999 $ 23 $ 3,706 KeyBank * 4.90 % 5/1/2027 MVP Denver Sherman, LLC (1) $ 286 $ 2 $ 265 KeyBank * 4.90 % 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142 $ 12 $ 1,985 KeyBank * 4.90 % 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762 $ 4 $ 706 KeyBank * 4.90 % 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682 I/O $ 1,682 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454 I/O $ 6,454 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627 I/O $ 1,627 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820 I/O $ 1,820 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671 I/O $ 1,671 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057 I/O $ 2,057 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938 I/O $ 938 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St Louis Cardinal Lot DST, LLC $ 6,000 I/O $ 6,000 Cantor Commercial Real Estate ** 5.25 % 5/31/2027 MVP Preferred Parking, LLC $ 11,330 $ 66 $ 11,294 Key Bank ** 5.02 % 8/1/2027 Less unamortized loan issuance costs $ (1,210 ) $ 148,278 ( 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 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 * 2 ** 10 I/O - Interest Only During April 2022, two three nine September 30, 2022. During 2021, July 5, 2022, July 11, 2022, five six five five August 25, 2022. August 2022, August 2023. 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. A s September 30, 2022 December 31, 2021 owers for six seven on, respectively, failed to meet certain loan covenants tely $3.4 and $1.0 million September 30, 2022 December 31, 2021 two As of September 30, 2022 2022 (remainder) $ 791 2023 14,068 2024 15,986 2025 29,081 2026 22,630 Thereafter 66,932 Total $ 149,488
Line of Credit [Member]
Notes to Financial Statements
Debt Disclosure [Text Block]	Note F - Revolving Credit Facility 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 two June 6, 2022, 222 September 30, 2022, three nine September 30, 2022, y $2.0 On November 17, 2022, April 1, 2024, March 31, 2023.

Note G - Equity

Note G - Equity	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Stockholders' Equity Note Disclosure [Text Block]	Note G - 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% On March 24, 2020, oximately $1.2 million of which approximately $0.6 million had been pai September 30, 2022 December 31, 2021 tely $0.6 million a Series 1 On March 29, 2017, 1 1 April 7, 2017, 506 1 The holders of the Series 1 not April 7, 2018, 1 Each investor in the Series 1 no not fifth 1 January 31, 2023, five five 90 th third September 30, 2022 September 30, 2022 may 90th September 30, 2022 On March 24, 2020, 1 1 y $13.6 million of which approximately $6.4 milli 1 September 30, 2022 December 31, 2021 tely $7.2 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 September 30, 2022 Tender Offer On October 5, 2021, 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 September 30, 2022 oximately 17.0 million OP may September 30, 2022 September 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 H - Stock-based Compensati

Note H - Stock-based Compensation	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note H — Stock-Based Compensation On May 27, 2022, five three September 30, 2022. On May 27, 2022, May 27, 2022 December 31, 2025 May 27, 2022 December 31, 2027, four fourth 2025 four December 31, 2027. not September 30, 2022. PUs are subject to restrictions on transfer and may $0.4 million three nine September 30, 2022, 5.3 m f 15 months September 30, 2022. On August 23, 2022, August 25, 2024, 180 not September 30, 2022, three nine September 30, 2022. The following table sets forth a roll forward of all incentive equity awards for the nine September 30, 2022: As of September 30, 2022 Number of Incentive Equity Awards Weighted Avg Grant FV Per Share Balance - January 1, 2022 — $ — Granted 1,782,027 12.87 Vested — — Forfeited — — Total unvested units 1,782,027 $ 12.87

Note I - Earnings Per Share

Note I - Earnings Per Share	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Earnings Per Share [Text Block]	Note I - 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 three nine September 30, 2022 150,000 a May 27, 2022, three nine September 30, 2022. not nine September 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 nine September 30, 2022 2021 For the three months ended For the nine months ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Numerator: Net loss attributable to MIC $ (2,901 ) $ (3,777 ) $ (7,893 ) $ (11,750 ) Net loss attributable to participating securities — — — — Net loss attributable to MIC common stock $ (2,901 ) $ (3,777 ) $ (7,893 ) $ (11,750 ) Denominator: Basic and dilutive weighted average shares of Common Stock outstanding 7,762,375 7,739,951 7,762,375 7,737,257 Basic and diluted loss per weighted average common share: Basic and dilutive $ (0.37 ) $ (0.49 ) $ (1.02 ) $ (1.52 )

Note J - Variable Interest Enti

Note J - Variable Interest Entities	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	Note J – 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 its initial investment, the Company concluded that MVP St. Louis was a VIE. Further, it was determined that the power to direct the activities that most significantly impact the economic performance of MVP St. Louis was held by MVP Parking DST, LLC (the “Manager”) and certain subsidiaries of the Manager. As a result, the investment in MVP St. Louis was accounted for using the equity method of accounting through 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 Mr. Chavez. This change in structure was deemed a reconsideration event and the Company concluded that it was the primary beneficiary of the MVP St. Louis. As a result, the Company began consolidating its investment in MVP St. Louis and MVP St. Louis Cardinal Lot Master Tenant, LLC, which had total assets of approximately $12.0 million (substantially all real estate investments) and liabilities of approximately $6.2 million (substantially all mortgage debt) as of August 25, 2021. September 30, 2022.

Note K - Income Taxes

Note K - Income Taxes	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note K - 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 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 nine September 30, 2022 three September 30, 2022. 19 nine September 30, 2022 may not

Note L - Fair Value

Note L - Fair Value	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note L 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: Level 1 Level 2 not 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. D Company’s debt (including notes payable and the Revolving Credit Facility) was approximately $ 208.7 million and $161.2 million as of September 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 M - Commitments and Contin

Note M - Commitments and Contingencies	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note M 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, 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 September 30, 2022 not not may

Note N - Related Party Transact

Note N - Related Party Transactions and Arrangements	9 Months Ended
	Sep. 30, 2022
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note N — Related Party Transactions and Arrangements Two of the Company’s Cincinnati assets, 1W7 222W7, five four December 31, 2021, September 30, 2022 y $0.2 million from Park Place Parking September 30 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. In March 2022, three nine September 30, 2022 , the Company incurred costs of approximately $2.2 million and $4.7 m illion, respectively, pursuant to this agreement. Such amounts are included on organizational, offering and other costs on the consolidated statement of operations. In May 2022, not 120 no September 30, 2022, not The Company has agreed to pay for certain tax return preparation services of Color Up and certain member entities of Color Up. The Company has incurred $64,745 related to these services which is reflected in general and administrative expenses in the consolidated statements of income for the three nine September 30, 2022. In connection with the Transaction, the Company owes approximately $469,231 to certain member entities of Color Up relating to prorated revenues for the month of August 2021 three fourth 2021 fourth 2022. License Agreement On August 25, 2021, Tax Matters Agreement On August 25, 2021, 1 tenth 2 tenth 20%

Significant Accounting Policies

Significant Accounting Policies (Policies)	9 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Accounting The accompanying consolidated financial statements of the Company are prepared 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 consolidated financial statements do not three nine September 30, 2022 not may December 31, 2022. no nine September 30, 2022 2021 10 March 30, 2022.
Going Concern, Policy [Policy Text Block]	Going Concern The accompanying consolidated financial statements are prepared in accordance with generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The Company has incurred net losses since its inception and anticipates net losses for the near future. As of September 30, 2022, twelve 10 not September 30, 2022, December 31, 2022, first 2023 December 31, 2022 not In response to these conditions, management’s plans include the following: 1. Capitalizing on recent business development initiatives that we anticipate will improve total revenues through increased utilization of our parking assets and in many cases at higher average ticket rates. 2. Management is budgeting reduced overhead costs in 2023 3. The Company is pursuing further amendments and/or extensions with respect to the Revolving Credit Facility, including waivers of noncompliance with covenants. 4. The Company is pursuing certain potential capital raise or liquidity events, including the Merger as described above. However, there can be no not The consolidated financial statements do not
Consolidation, Policy [Policy Text Block]	Consolidation The 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 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 fifteen parking tenant-operators during both the nine September 30, 2022 2021 . One tenant/operator, SP + Corporation (Nasdaq: SP) (“SP+”), represented 60.5% and 62.7 % of the Company’s revenue, excluding commercial revenue, for the nine September 30, 2022 2021 , respectively. Premier Parking Service, LLC represented 12.6% and 12.3% of the Company’s revenue, excluding commercial revenue, for the nine September 30, 2022 2021 , respectively. In addition, the Company had concentration s in Cincinnati (19.2% and 20.8 September 30, 2022 December 31, 2021, As of September 30, 2022 December 31, 2021, 59.3% and 51.9% o
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. In making estimates of fair values for purposes of allocating purchase price, the Company will utilize several sources, including independent appraisals that may 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 The value of lease intangibles is amortized to depreciation and amortization expense over the remaining term of the respective lease. If a tenant terminates its lease with us, the unamortized portion of the in-place lease intangibles is recognized over the shortened lease term.
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 reimbursable property tax related to certain of its leases should have been recorded on a gross basis in the consolidated statement of operations for the three nine September 30, 2021 842, Leases three nine September 30, 2021, 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)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Land and Improvements Building and improvements In-Place Lease Value Total assets acquired 222 Sheridan Bricktown Garage LLC (a) $ 1,314 $ 16,020 $ 179 $ 17,513 Land and Improvements Building and improvements In-Place Lease Value Contract Value Total assets acquired 1W7 Carpark (a) $ 2,995 $ 28,819 $ 308 $ — $ 32,122 222W7 4,391 23,923 — — 28,314 322 Streeter 11,387 27,096 — — 38,483 2nd Street (a) 93 — — 3,160 3,253 Denver 1725 Champa Street Garage 7,414 8,860 — — 16,274 $ 26,280 $ 88,698 $ 308 $ 3,160 $ 118,446
Acquisition of Three Parking Garages [Member]
Notes Tables
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Investment in real estate $ 98,919 Intangibles - technology 4,000 Cash 35,000 Long-term debt (44,533 ) Indemnification liability (2,000 ) Total assets acquired and liabilities assumed $ 91,386 OP Units (1) 88,067 Warrants 3,319 Total consideration $ 91,386

Note C - Acquisitions and Dis_2

Note C - Acquisitions and Dispositions of Investments in Real Estate (Tables)	9 Months Ended
	Sep. 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 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 222W7, LLC Cincinnati, OH 8/25/2021 Garage 1,625 1.84 — $ 28,314 322 Streeter, LLC Chicago, IL 8/25/2021 Garage 1,154 2.81 — $ 38,483 2nd Street, LLC Miami, FL 9/9/2021 Contract 118 N/A — $ 3,253 Denver 1725 Champa Street Garage Denver, CO 11/3/2021 Garage 450 0.72 — $ 16,274
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Land and Improvements Building and improvements In-Place Lease Value Total assets acquired 222 Sheridan Bricktown Garage LLC (a) $ 1,314 $ 16,020 $ 179 $ 17,513 Land and Improvements Building and improvements In-Place Lease Value Contract Value Total assets acquired 1W7 Carpark (a) $ 2,995 $ 28,819 $ 308 $ — $ 32,122 222W7 4,391 23,923 — — 28,314 322 Streeter 11,387 27,096 — — 38,483 2nd Street (a) 93 — — 3,160 3,253 Denver 1725 Champa Street Garage 7,414 8,860 — — 16,274 $ 26,280 $ 88,698 $ 308 $ 3,160 $ 118,446

Note D - Intangible Assets (Tab

Note D - Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Finite and Indefinite Intangible Assets [Table Text Block]	As of September 30, 2022 As of December 31, 2021 Gross carrying amount Accumulated amortization Gross carrying amount Accumulated amortization In-place lease value $ 2,564 $ 1,540 $ 2,398 $ 1,311 Lease commissions 165 100 152 82 Indefinite lived contract 3,160 — 3,160 — Acquired technology 4,189 451 4,046 133 Total intangible assets $ 10,078 $ 2,091 $ 9,756 $ 1,526
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	In-place lease value Lease commissions Acquired technology 2022 (Remainder) $ 81 $ 6 $ 115 2023 320 24 437 2024 303 21 437 2025 189 10 437 2026 102 3 437 Thereafter 29 1 1,875 $ 1,024 $ 65 $ 3,738

Note E - Notes Payable (Tables)

Note E - Notes Payable (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Debt [Table Text Block]	Loan Original Debt Amount Monthly Payment Balance as of 9/30/22 Lender Interest Rate Loan Maturity MVP Clarksburg Lot $ 476 I/O $ 379 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Milwaukee Old World $ 771 I/O $ 1,871 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Milwaukee Clybourn $ 191 I/O $ 191 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Wildwood NJ Lot, LLC $ 1,000 I/O $ 1,000 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Cincinnati Race Street, LLC $ 2,550 I/O $ 3,450 Vestin Realty Mortgage II 7.50 % 8/25/2023 Minneapolis Venture $ 2,000 I/O $ 4,000 Vestin Realty Mortgage II 7.50 % 8/25/2023 MVP Memphis Poplar (3) $ 1,800 I/O $ 1,800 LoanCore 5.38 % 3/6/2024 MVP St. Louis (3) $ 3,700 I/O $ 3,700 LoanCore 5.38 % 3/6/2024 Mabley Place Garage, LLC $ 9,000 $ 44 $ 7,668 Barclays 4.25 % 12/6/2024 322 Streeter Holdco LLC $ 25,900 $ 130 $ 25,518 American National Insurance Co. 3.50 % 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650 $ 20 $ 2,981 Barclays Bank PLC 4.25 % 8/6/2025 Minneapolis City Parking, LLC $ 5,250 $ 29 $ 4,404 American National Insurance, of NY 4.50 % 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400 $ 23 $ 3,686 FBL Financial Group, Inc. 4.00 % 8/1/2026 West 9th Properties II, LLC $ 5,300 $ 30 $ 4,522 American National Insurance Co. 4.50 % 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150 $ 73 $ 11,250 American National Insurance, of NY 4.50 % 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500 $ 194 $ 27,753 Bank of America 5.52 % 2/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380 $ 8 $ 1,280 KeyBank * 4.90 % 5/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132 $ 24 $ 3,830 KeyBank * 4.90 % 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999 $ 23 $ 3,706 KeyBank * 4.90 % 5/1/2027 MVP Denver Sherman, LLC (1) $ 286 $ 2 $ 265 KeyBank * 4.90 % 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142 $ 12 $ 1,985 KeyBank * 4.90 % 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762 $ 4 $ 706 KeyBank * 4.90 % 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682 I/O $ 1,682 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454 I/O $ 6,454 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627 I/O $ 1,627 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820 I/O $ 1,820 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671 I/O $ 1,671 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057 I/O $ 2,057 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938 I/O $ 938 Cantor Commercial Real Estate ** 5.03 % 5/6/2027 St Louis Cardinal Lot DST, LLC $ 6,000 I/O $ 6,000 Cantor Commercial Real Estate ** 5.25 % 5/31/2027 MVP Preferred Parking, LLC $ 11,330 $ 66 $ 11,294 Key Bank ** 5.02 % 8/1/2027 Less unamortized loan issuance costs $ (1,210 ) $ 148,278
Schedule of Maturities of Long-Term Debt [Table Text Block]	2022 (remainder) $ 791 2023 14,068 2024 15,986 2025 29,081 2026 22,630 Thereafter 66,932 Total $ 149,488

Note H - Stock-based Compensa_2

Note H - Stock-based Compensation (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Share-Based Payment Arrangement, Activity [Table Text Block]	As of September 30, 2022 Number of Incentive Equity Awards Weighted Avg Grant FV Per Share Balance - January 1, 2022 — $ — Granted 1,782,027 12.87 Vested — — Forfeited — — Total unvested units 1,782,027 $ 12.87

Note I - Earnings Per Share (Ta

Note I - Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2022
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	For the three months ended For the nine months ended September 30, 2022 September 30, 2021 September 30, 2022 September 30, 2021 Numerator: Net loss attributable to MIC $ (2,901 ) $ (3,777 ) $ (7,893 ) $ (11,750 ) Net loss attributable to participating securities — — — — Net loss attributable to MIC common stock $ (2,901 ) $ (3,777 ) $ (7,893 ) $ (11,750 ) Denominator: Basic and dilutive weighted average shares of Common Stock outstanding 7,762,375 7,739,951 7,762,375 7,737,257 Basic and diluted loss per weighted average common share: Basic and dilutive $ (0.37 ) $ (0.49 ) $ (1.02 ) $ (1.52 )

Note A - Organization and Bus_3

Note A - Organization and Business Operations (Details Textual) $ / shares in Units, $ in Thousands, ft² in Millions, a in Millions		3 Months Ended		9 Months Ended
	Aug. 25, 2021 USD ($) ft² $ / shares shares	Sep. 30, 2022 USD ($) ft² a $ / shares	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($) ft² a $ / shares	Sep. 30, 2021 USD ($)	May 27, 2022 $ / shares	Dec. 31, 2021 USD ($) $ / shares
Number of Parking Facilities		44		44
Number of Parking Spaces		15,750		15,750
Area of Real Estate Property (Square Foot) | ft²		5.4		5.4
Common Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares	$ 0.0001	$ 0.0001		$ 0.0001			$ 0.0001
Warrants and Rights Outstanding		$ 3,319		$ 3,319			$ 3,319
Business Acquisition,Transaction Expenses		$ 0	$ (12,224)	0	$ (12,224)
Settlement of Deferred Management Internalization				$ 0	$ 10,040
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
Warrants and Rights Outstanding	3,300
Acquisition of Three Parking Garages [Member]
Asset Acquisition, Consideration Transferred, Total	91,386
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	35,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment	98,919
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	4,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities, Long-Term Debt	44,533
Business Acquisition,Transaction Expenses	12,200
Settlement of Deferred Management Internalization	10,000
Asset Acquisition, Consideration Transferred, Transaction Cost	$ 4,000
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
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
Area of Real Estate Property (Square Foot) | ft²	1.2
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		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] $ in Thousands	Aug. 25, 2021 USD ($)
Investment in real estate	$ 98,919
Intangibles - technology	4,000
Asset Acquisition, Recognized Identifiable Assets Acquired and Liabilities Assumed, Cash and Equivalents	35,000
Long-term debt	(44,533)
Indemnification liability	(2,000)
Total assets acquired and liabilities assumed	91,386
Total consideration	91,386
OP Units [Member]
Equity interest	88,067	[1]
Warrants [Member]
Equity interest	$ 3,319
[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) $ in Thousands	3 Months Ended	9 Months Ended		12 Months Ended
	Sep. 30, 2021 USD ($)	Sep. 30, 2022 USD ($)	Sep. 30, 2021 USD ($)	Dec. 31, 2021 USD ($)
Long-Term Line of Credit, Total		$ 72,648		$ 0
Number of Parking Tenants or Operators	15		15
Immaterial Error Correction to the Consolidated Statements of Operations For Property Taxes [Member]
Increase (Decrease) in Property and Other Taxes Payable	$ 300		$ 800
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, SP+Corporation [Member]
Concentration Risk, Percentage		60.50%	62.70%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, Premier Parking Service, LLC [Member]
Concentration Risk, Percentage		12.60%	12.30%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Cincinnati [Member]
Concentration Risk, Percentage		19.20%		20.80%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Detroit [Member]
Concentration Risk, Percentage		12.50%		13.80%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Chicago [Member]
Concentration Risk, Percentage		8.70%		9.50%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Houston [Member]
Concentration Risk, Percentage		7.80%		8.50%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, SP+Corporation [Member]
Concentration Risk, Percentage		59.30%		51.90%
Revolving Credit Facility [Member]
Long-Term Line of Credit, Total		$ 73,700

Note C - Acquisitions and Dis_3

Note C - Acquisitions and Dispositions of Investments in Real Estate (Details Textual) - USD ($) $ in Thousands	3 Months Ended		6 Months Ended	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Jun. 30, 2022	Sep. 30, 2022	Sep. 30, 2021
Proceeds from Sale of Other Real Estate Held-for-investment				$ 650	$ 0
Gains (Losses) on Sales of Other Real Estate	$ (52)	$ 0		(52)	$ 0
Parking Lot in Canton, Ohio [Member]
Proceeds from Sale of Other Real Estate Held-for-investment				700
Gains (Losses) on Sales of Other Real Estate				(100)
Proceeds from Sale of Other Real Estate Held-for-investment, Net				$ 100
Leases, Acquired-in-Place [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			5 years
Leases, Acquired-in-Place [Member] | One W7 Carpark [Member]
Finite-Lived Intangible Asset, Useful Life (Year)			5 years

Note C - Acquisitions and Dis_4

Note C - Acquisitions and Dispositions of Investments in Real Estate - Parking Asset Acquisitions (Details) $ in Thousands	6 Months Ended	9 Months Ended	12 Months Ended
	Jun. 30, 2022 USD ($)	Sep. 30, 2022 ft² a	Dec. 31, 2021 USD ($) 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
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
Two2 W7 [Member]
Number of space			1,625
Property size (Acre) | a			1.84
Purchase price			$ 28,314
Three22 Streeter [Member]
Number of space			1,154
Property size (Acre) | a			2.81
Purchase price			$ 38,483
Second Street [Member]
Number of space			118
Purchase price			$ 3,253
Denver 1725 Champa Street Garage, LLC [Member]
Number of space			450
Property size (Acre) | a			0.72
Purchase price			$ 16,274

Note C - Acquisitions and Dis_5

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

Note D - Intangible Assets (Det

Note D - Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Amortization of Intangible Assets	$ 0.2	$ 0.1	$ 0.6	$ 0.3

Note D - Intangible Assets - Sc

Note D - Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Sep. 30, 2022	Dec. 31, 2021
Finite-lived intangible assets, accumulated amortization	$ 2,091	$ 1,526
Total intangible assets	10,078	9,756
Contract [Member]
Indefinite lived contract	3,160	3,160
Leases, Acquired-in-Place [Member]
Finite-lived intangible assets	2,564	2,398
Finite-lived intangible assets, accumulated amortization	1,540	1,311
Lease Commissions [Member]
Finite-lived intangible assets	165	152
Finite-lived intangible assets, accumulated amortization	100	82
Technology-Based Intangible Assets [Member]
Finite-lived intangible assets	4,189	4,046
Finite-lived intangible assets, accumulated amortization	$ 451	$ 133

Note D - Intangible Assets - _2

Note D - Intangible Assets - Schedule Of Future Amortization And Accretion Of Acquired Intangible Assets (Details) $ in Thousands	Sep. 30, 2022 USD ($)
Leases, Acquired-in-Place [Member]
2022 (Remainder)	$ 81
2023	320
2024	303
2025	189
2026	102
Thereafter	29
Finite-Lived Intangible Assets, Net, Ending Balance	1,024
Lease Commissions [Member]
2022 (Remainder)	6
2023	24
2024	21
2025	10
2026	3
Thereafter	1
Finite-Lived Intangible Assets, Net, Ending Balance	65
Technology-Based Intangible Assets [Member]
2022 (Remainder)	115
2023	437
2024	437
2025	437
2026	437
Thereafter	1,875
Finite-Lived Intangible Assets, Net, Ending Balance	$ 3,738

Note E - Notes Payable (Details

Note E - Notes Payable (Details Textual) - USD ($)	1 Months Ended
	Aug. 31, 2022	Apr. 30, 2022	Sep. 30, 2022	Jul. 31, 2022	Dec. 31, 2021	Sep. 30, 2021	Dec. 31, 2020	May 06, 2017	May 01, 2017
Notes Payable, Total			$ 148,278,000		$ 207,153,000
Restricted Cash and Cash Equivalents, Total			6,721,000		4,891,000	$ 5,134,000	$ 3,660,000
VRMI and VRMII [Member]
Notes Payable, Total					11,500,000
VRMI and VRMII [Member] | Notes Payable [Member]
Long-Term Debt, Percentage Bearing Fixed Interest, Percentage Rate	7.50%			7%
Long term Debt, Maturity Date Extension Fee	$ 600,000
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
SBA PPP Loan [Member]
Debt Instrument, Decrease, Forgiveness		$ 328,000
Loan Covenant Not Being Met [Member]
Loans and Leases Receivable, Net Amount			$ 58,500,000		96,000,000
Restricted Cash and Cash Equivalents, Total					$ 1,000,000

Note E - Notes Payable and Payc

Note E - Notes Payable and Paycheck Protection Program Loan - Principal Balances on Notes Payable (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2022 USD ($)
Debt balance, net	$ 149,488
Notes Payable [Member]
Less unamortized loan issuance costs	(1,210)
Notes Payable and Paycheck Protection Program Loan [Member]
Debt balance, net	148,278
MVP Clarksburg Lot [Member] | Notes Payable [Member]
Original debt amount	476
Debt balance	$ 379
Interest rate	7.50%
MVP Milwaukee Old World [Member] | Notes Payable [Member]
Original debt amount	$ 771
Debt balance	$ 1,871
Interest rate	7.50%
MVP Milwaukee Clybourn [Member] | Notes Payable [Member]
Original debt amount	$ 191
Debt balance	$ 191
Interest rate	7.50%
MVP Wildwood NJ Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,000
Debt balance	$ 1,000
Interest rate	7.50%
MVP Cincinnati Race Street LLC [Member] | Notes Payable [Member]
Original debt amount	$ 2,550
Debt balance	$ 3,450
Interest rate	7.50%
Minneapolis Venture [Member] | Notes Payable [Member]
Original debt amount	$ 2,000
Debt balance	$ 4,000
Interest rate	7.50%
MVP Memphis Poplar [Member] | Notes Payable [Member]
Original debt amount	$ 1,800	[1]
Debt balance	$ 1,800	[1]
Interest rate	5.38%	[1]
MVP St Louis [Member] | Notes Payable [Member]
Original debt amount	$ 3,700	[1]
Debt balance	$ 3,700	[1]
Interest rate	5.38%	[1]
Mabley Place Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 9,000
Debt balance	$ 7,668
Interest rate	4.25%
Monthly payment	$ 44
The 322 Streeter Holdco LLC [Member] | Notes Payable [Member]
Original debt amount	25,900
Debt balance	$ 25,518
Interest rate	3.50%	[2]
MVP Houston Saks Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 3,650
Debt balance	$ 2,981
Interest rate	4.25%
Monthly payment	$ 20
Minneapolis City Parking LLC [Member] | Notes Payable [Member]
Original debt amount	5,250
Debt balance	$ 4,404
Interest rate	4.50%
Monthly payment	$ 29
MVP Bridgeport Fairfield Garage LLC [Member] | Notes Payable [Member]
Original debt amount	4,400
Debt balance	$ 3,686
Interest rate	4%
Monthly payment	$ 23
West 9th Properties II LLC [Member] | Notes Payable [Member]
Original debt amount	5,300
Debt balance	$ 4,522
Interest rate	4.50%
Monthly payment	$ 30
MVP Fort Worth Taylor LLC [Member] | Notes Payable [Member]
Original debt amount	13,150
Debt balance	$ 11,250
Interest rate	4.50%
Monthly payment	$ 73
MVP Detroit Center Garage LLC [Member] | Notes Payable [Member]
Original debt amount	31,500
Debt balance	$ 27,753
Interest rate	5.52%
Monthly payment	$ 194
MVP St Louis Washington LLC [Member] | Notes Payable [Member]
Original debt amount	1,380	[3]
Debt balance	$ 1,280	[3]
Interest rate	4.90%	[2],[3]
Monthly payment	$ 8	[3]
St Paul Holiday Garage LLC [Member] | Notes Payable [Member]
Original debt amount	4,132	[3]
Debt balance	$ 3,830	[3]
Interest rate	4.90%	[2],[3]
Monthly payment	$ 24	[3]
Cleveland Lincoln Garage LLC [Member] | Notes Payable [Member]
Original debt amount	3,999	[3]
Debt balance	$ 3,706	[3]
Interest rate	4.90%	[2],[3]
Monthly payment	$ 23	[3]
MVP Denver Sherman LLC [Member] | Notes Payable [Member]
Original debt amount	286	[3]
Debt balance	$ 265	[3]
Interest rate	4.90%	[2],[3]
Monthly payment	$ 2	[3]
MVP Milwaukee Arena Lot LLC [Member] | Notes Payable [Member]
Original debt amount	2,142	[3]
Debt balance	$ 1,985	[3]
Interest rate	4.90%	[2],[3]
Monthly payment	$ 12	[3]
MVP Denver 1935 Sherman LLC [Member] | Notes Payable [Member]
Original debt amount	762	[3]
Debt balance	$ 706	[3]
Interest rate	4.90%	[2],[3]
Monthly payment	$ 4	[3]
MVP Louisville Broadway Station LLC [Member] | Notes Payable [Member]
Original debt amount	1,682	[4]
Debt balance	$ 1,682	[4]
Interest rate	5.03%	[4],[5]
MVP Whitefront Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 6,454	[4]
Debt balance	$ 6,454	[4]
Interest rate	5.03%	[4],[5]
MVP Houston Preston Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,627	[4]
Debt balance	$ 1,627	[4]
Interest rate	5.03%	[4],[5]
MVP Houston San Jacinto Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,820	[4]
Debt balance	$ 1,820	[4]
Interest rate	5.03%	[4],[5]
St Louis Broadway LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,671	[4]
Debt balance	$ 1,671	[4]
Interest rate	5.03%	[4],[5]
St Louis Seventh Cerre LLC [Member] | Notes Payable [Member]
Original debt amount	$ 2,057	[4]
Debt balance	$ 2,057	[4]
Interest rate	5.03%	[4],[5]
MVP Indianapolis Meridian Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 938	[4]
Debt balance	$ 938	[4]
Interest rate	5.03%	[4],[5]
St Louis Cardinal Lot DST LLC [Member] | Notes Payable [Member]
Original debt amount	$ 6,000	[6]
Debt balance	$ 6,000	[6]
Interest rate	5.25%	[5],[6]
MVP Preferred Parking LLC [Member] | Notes Payable [Member]
Original debt amount	$ 11,330
Debt balance	$ 11,294
Interest rate	5.02%	[5]
[1]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.[2]2 Year Interest Only[3]The Company issued a promissory note to KeyBank for $12.7 million secured by the pool of properties.[4]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.[5]10 Year Interest Only[6]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 E - Notes Payable and Pa_2

Note E - Notes Payable and Paycheck Protection Program Loan - Future Principal Payments (Details) $ in Thousands	Sep. 30, 2022 USD ($)
2022 (remainder)	$ 791
2023	14,068
2024	15,986
2025	29,081
2026	22,630
Thereafter	66,932
Total	$ 149,488

Note F - Revolving Credit Fac_2

Note F - Revolving Credit Facility (Details Textual) - USD ($)					3 Months Ended	9 Months Ended
	Jun. 06, 2022	Apr. 21, 2022	Apr. 15, 2022	Mar. 29, 2022	Sep. 30, 2022	Sep. 30, 2022	Nov. 01, 2022	Dec. 31, 2021
Long-Term Line of Credit, Total					$ 72,648,000	$ 72,648,000		$ 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	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	73,700,000
Payments of Financing Costs, Total					$ 2,000,000	$ 2,000,000
Credit Agreement [Member] | KeyBanc Capital Markets [Member] | Subsequent Event [Member]
Line of Credit Facility, Maturity Date Extension Fee							$ 375,000
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 G - Equity (Details Textua

Note G - Equity (Details Textual) - USD ($)						9 Months Ended	30 Months Ended
	Nov. 05, 2021	Nov. 02, 2021	Mar. 29, 2019	Mar. 31, 2018	Mar. 24, 2017	Sep. 30, 2022	Sep. 30, 2022	Mar. 24, 2022	Dec. 31, 2021	Sep. 30, 2021	Aug. 25, 2021	Mar. 24, 2020	Apr. 07, 2019	Nov. 01, 2016
Dividends Payable						$ 2,250,000	$ 2,250,000			$ 2,251,000
Class of Warrant or Right, Outstanding (in shares)						1,702,128	1,702,128		1,702,128
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
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
Maximum [Member] | Tender Offer [Member]
Common Stock, Shares, Issued (in shares)	900,506
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								$ 1,200,000
Dividends, Preferred Stock, Total							$ 600,000
Dividends Payable						$ 600,000	$ 600,000		$ 400,000
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												$ 13,600,000
Dividends, Preferred Stock, Total							$ 6,400,000
Dividends Payable						$ 7,200,000	$ 7,200,000		$ 5,100,000
Preferred Stock, Shares Authorized (in shares)			97,000
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 H - Stock-based Compensa_3

Note H - Stock-based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Thousands			3 Months Ended	9 Months Ended
	Aug. 23, 2022	May 27, 2022	Sep. 30, 2022	Sep. 30, 2022	Dec. 31, 2021
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)	$ 16.40	$ 15.47	$ 12.87	$ 12.87	$ 0
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)	272,341
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)				$ 12.87
Share-Based Payment Arrangement, Expense			$ 0	$ 0
Performance Units [Member]
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, 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, Award Vesting, Minimum Price of Adjusted Funds From Operations Required				1.25%
Percentage of Distributions Payable Entitled				10%
Share-Based Payment Arrangement, Expense			400	$ 1,500
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount, Total			$ 5,300	$ 5,300
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Month)				15 months
Performance Units [Member] | Vesting Subject to Market Condition [Member]
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

Note H - Stock-based Compensa_4

Note H - Stock-based Compensation - Share-based Activity (Details) - LTIP Units [Member]	9 Months Ended
	Sep. 30, 2022 $ / shares shares
Balance, number (in shares) | shares	0
Balance, weighted average grant fv per share (in dollars per share) | $ / shares	$ 0
Grant, number (in shares) | shares	1,782,027
Granted, weighted average grant fv per share (in dollars per share) | $ / shares	$ 12.87
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	1,782,027
Balance, weighted average grant fv per share (in dollars per share) | $ / shares	$ 12.87

Note I - Earnings Per Share (De

Note I - Earnings Per Share (Details Textual) - shares	9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	150,000	0

Note I - Earnings Per Share - S

Note I - Earnings Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2022	Sep. 30, 2021	Sep. 30, 2022	Sep. 30, 2021
Net loss attributable to MIC	$ (2,901)	$ (3,777)	$ (7,893)	$ (11,750)
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	7,739,951	7,762,375	7,737,257
Basic and dilutive (in dollars per share)	$ (0.37)	$ (0.49)	$ (1.02)	$ (1.52)

Note J - Variable Interest En_2

Note J - Variable Interest Entities (Details Textual) $ in Thousands, ft² in Millions	6 Months Ended	9 Months Ended
	Jun. 30, 2022 a	Sep. 30, 2022 USD ($) ft²	Dec. 31, 2021 USD ($)	Aug. 25, 2021 USD ($)
Area of Real Estate Property (Square Foot) | ft²		5.4
Number of Parking Spaces		15,750
Assets, Total		$ 437,066	$ 429,147
Liabilities, Total		244,904	$ 223,323
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		12,500		$ 12,000
Liabilities, Total		6,100		$ 6,200
Variable Interest Entity, Initial Consolidation, Gain (Loss)		$ 400

Note L - Fair Value (Details Te

Note L - Fair Value (Details Textual) - USD ($) $ in Millions	Sep. 30, 2022	Dec. 31, 2021
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure, Total	$ 208.7	$ 161.2

Note M - Commitments and Cont_2

Note M - Commitments and Contingencies (Details Textual) - USD ($) $ / shares in Units, $ in Millions	Sep. 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 N - Related Party Transa_2

Note N - Related Party Transactions and Arrangements (Details Textual)		3 Months Ended	9 Months Ended
	Aug. 25, 2021 USD ($)	Sep. 30, 2022 USD ($) ft²	Sep. 30, 2022 USD ($) ft²	May 31, 2022 ft²	Dec. 31, 2021 USD ($)
Area of Real Estate Property (Square Foot) | ft²		5,400,000	5,400,000
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		$ 200,000	$ 200,000		$ 100,000
Affiliate of Bombe Asset Management LLC [Member]
Costs and Expenses, Related Party		2,200,000	4,700,000
Affiliate of Bombe Asset Management LLC [Member] | License Agreement [Member]
License Fee, Monthly	$ 5,000
ProKids [Member]
Due from Related Parties, Total		0	0
Color Up and Certain Member Entities of Color Up [Member] | Tax Return Preparation Services [Member]
Related Party Transaction, Estimated Total Amount of Transaction			130,000
Color Up and Certain Member Entities of Color Up [Member] | Tax Return Preparation Services [Member] | General and Administrative Expense [Member]
Related Party Transaction, Amounts of Transaction		64,745	64,745
Certain Member Entities of Color Up [Member] | Accounts Payable and Accrued Liabilities [Member]
Due to Related Parties, Total		$ 469,231	$ 469,231