Mobile Infrastructure (BEEP) 10-K 22 Mar 24 2023 FY Annual report Financial data

Document And Entity Information

Document And Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2023	Mar. 01, 2024	Jun. 30, 2023
Document Information [Line Items]
Entity Central Index Key	0001847874
Entity Registrant Name	Mobile Infrastructure Corp
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2023
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2023
Document Transition Report	false
Entity File Number	001-40415
Entity Incorporation, State or Country Code	MD
Entity Tax Identification Number	98-1583957
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
Title of 12(b) Security	Common Stock, $0.0001 par value per share
Trading Symbol	BEEP
Security Exchange Name	NYSE
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
ICFR Auditor Attestation Flag	false
Document Financial Statement Error Correction [Flag]	false
Entity Shell Company	false
Entity Public Float			$ 4,800,000
Entity Common Stock, Shares Outstanding		30,400,000
Auditor Firm ID	34
Auditor Name	Deloitte & Touche LLP
Auditor Location	Cincinnati, OH

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Investments in real estate
Land and improvements	$ 161,291	$ 166,225
Buildings and improvements	260,966	272,605
Construction in progress	273	1,206
Intangible assets	10,187	10,106
Accumulated depreciation and amortization	(29,838)	(31,052)
Total investments in real estate, net	402,879	419,090
Cash	11,134	5,758
Restricted Cash	5,577	5,216
Other assets, net	1,378	1,262
Deferred offering costs	0	2,086
Assets held for sale	0	696
Total assets	423,237	436,113
Liabilities
Notes payable, net	134,380	146,948
Revolving credit facility, net	58,523	72,731
Accounts payable and accrued expenses	14,666	19,484
Accrued preferred distributions	10,464	8,504
Earn-out Liability	1,779	0
Liabilities held for sale	0	968
Total liabilities	220,282	249,105
Mobile Infrastructure Corporation Stockholders’ Equity
Common stock, $0.0001 par value, 500,000,000 shares authorized, 27,858,539 and 13,089,848 shares issued and outstanding as of December 31, 2023 and December 31, 2022 respectively	2	0
Warrants issued and outstanding – 2,553,192 warrants as of December 31, 2023 and December 31, 2022	3,319	3,319
Additional paid-in capital	240,357	193,176
Accumulated deficit	(134,291)	(109,168)
Total Mobile Infrastructure Corporation Stockholders’ Equity	109,387	87,327
Non-controlling interest	93,568	99,681
Total equity	202,955	187,008
Total liabilities and equity	423,237	436,113
Nonrelated Party [Member]
Investments in real estate
Accounts receivable, net	2,269	1,849
Related Party [Member]
Investments in real estate
Accounts receivable, net	0	156
Liabilities
Accounts payable and accrued expenses	470	470
Series A Preferred Stock [Member]
Investments in real estate
Real Estate Investment Property, at Cost	432,717	450,142
Mobile Infrastructure Corporation Stockholders’ Equity
Preferred stock Series A, $0.0001 par value, 50,000 shares authorized, 2,812 and 2,862 shares issued and outstanding, with a stated liquidation value of $2,812,000 and $2,862,000 as of December 31, 2023 and December 31, 2022, respectively	0	0
Series1 Preferred Stock [Member]
Mobile Infrastructure Corporation Stockholders’ Equity
Preferred stock Series A, $0.0001 par value, 50,000 shares authorized, 2,812 and 2,862 shares issued and outstanding, with a stated liquidation value of $2,812,000 and $2,862,000 as of December 31, 2023 and December 31, 2022, respectively	0	0
Series 2 Preferred Stock [Member]
Mobile Infrastructure Corporation Stockholders’ Equity
Preferred stock Series A, $0.0001 par value, 50,000 shares authorized, 2,812 and 2,862 shares issued and outstanding, with a stated liquidation value of $2,812,000 and $2,862,000 as of December 31, 2023 and December 31, 2022, respectively	$ 0	$ 0

Consolidated Balance Sheets (Pa

Consolidated Balance Sheets (Parentheticals) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Common stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Common stock, shares authorized (in shares)	500,000,000	500,000,000
Common stock, shares issued (in shares)	27,858,539	13,089,848
Common stock, shares outstanding (in shares)	27,858,539	13,089,848
Warrant issued (in shares)	2,553,192	2,553,192
Warrant outstanding (in shares)	2,553,192	2,553,192
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)	2,812	2,862
Preferred stock, shares outstanding (in shares)	2,812	2,862
Preferred stock, liquidation preference	$ 2,812,000	$ 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)	36,677	39,811
Preferred stock, shares outstanding (in shares)	36,677	39,811
Preferred stock, liquidation preference	$ 36,677,000	$ 39,811,000
Series 2 Preferred Stock [Member]
Preferred stock, par value (in dollars per share)	$ 0.0001	$ 0.0001
Preferred stock, shares authorized (in shares)	60,000	60,000
Preferred stock, shares issued (in shares)	46,000	46,000
Preferred stock, liquidation preference	$ 0	$ 0
Preferred stock, shares converted (in shares)	46,000	46,000

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Revenues
Management income	$ 0	$ 427
Total revenues	30,272	29,101
Operating Expenses
Property taxes	7,178	6,885
Property operating expense	1,985	2,947
Depreciation and amortization	8,512	8,248
General and administrative	13,160	8,535
Professional fees	1,724	2,690
Organizational, offering and other costs	2,862	5,592
Impairment	8,982	0
Total operating expenses	60,504	34,897
Other
Interest expense, net	(13,910)	(12,912)
Gain (loss) on sale of real estate	660	(52)
Other income, net	1,179	106
Change in fair value of Earn-out Liability	4,065	0
PPP loan forgiveness	0	328
Total other, net	(8,006)	(12,530)
Net loss	(38,238)	(18,326)
Net loss attributable to non-controlling interest	(13,115)	(10,207)
Net loss attributable to stockholders	(25,123)	(8,119)
Net loss attributable to common stockholders	$ (32,475)	$ (11,119)
Basic and diluted loss per weighted average common share:
Net loss per share attributable to stockholders - basic and diluted (in dollars per share)	$ (2.45)	$ (0.85)
Weighted average common shares outstanding, basic and diluted (in shares)	13,244,388	13,089,848
Series 2 Preferred Stock [Member]
Operating Expenses
Preferred Series 2 - issuance expense	$ 16,101	$ 0
Other
Preferred stock distributions declared	(4,600)	0
Series A Preferred Stock [Member]
Other
Preferred stock distributions declared	(197)	(216)
Series1 Preferred Stock [Member]
Other
Preferred stock distributions declared	(2,555)	(2,784)
Base Rent Income [Member]
Revenues
Rental income	8,165	8,345
Percentage Rent Income [Member]
Revenues
Rental income	$ 22,107	$ 20,329

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Thousands	Cumulative Effect, Period of Adoption, Adjustment [Member] Preferred Stock [Member]	Cumulative Effect, Period of Adoption, Adjustment [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Preferred Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Common Stock [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Warrants [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Additional Paid-in Capital [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Retained Earnings [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member] Noncontrolling Interest [Member]	Cumulative Effect, Period of Adoption, Adjusted Balance [Member]	Series A Preferred Stock [Member] Preferred Stock [Member]	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] 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]	Series 2 Preferred Stock [Member] Preferred Stock [Member]	Series 2 Preferred Stock [Member] Common Stock [Member]	Series 2 Preferred Stock [Member] Warrants [Member]	Series 2 Preferred Stock [Member] Additional Paid-in Capital [Member]	Series 2 Preferred Stock [Member] Retained Earnings [Member]	Series 2 Preferred Stock [Member] Noncontrolling Interest [Member]	Series 2 Preferred Stock [Member]	Series1 Preferred Stock Converted to Common Stock [Member] Preferred Stock [Member]	Series1 Preferred Stock Converted to Common Stock [Member] Common Stock [Member]	Series1 Preferred Stock Converted to Common Stock [Member] Warrants [Member]	Series1 Preferred Stock Converted to Common Stock [Member] Additional Paid-in Capital [Member]	Series1 Preferred Stock Converted to Common Stock [Member] Retained Earnings [Member]	Series1 Preferred Stock Converted to Common Stock [Member] Noncontrolling Interest [Member]	Series1 Preferred Stock Converted to Common Stock [Member]	Series A Preferred Stock Converted to Common Stock [Member] Preferred Stock [Member]	Series A Preferred Stock Converted to Common Stock [Member] Common Stock [Member]	Series A Preferred Stock Converted to Common Stock [Member] Warrants [Member]	Series A Preferred Stock Converted to Common Stock [Member] Additional Paid-in Capital [Member]	Series A Preferred Stock Converted to Common Stock [Member] Retained Earnings [Member]	Series A Preferred Stock Converted to Common Stock [Member] Noncontrolling Interest [Member]	Series A Preferred Stock Converted to Common Stock [Member]	Series 2 Preferred Stock Converted to Common Stock [Member] Preferred Stock [Member]	Series 2 Preferred Stock Converted to Common Stock [Member] Common Stock [Member]	Series 2 Preferred Stock Converted to Common Stock [Member] Warrants [Member]	Series 2 Preferred Stock Converted to Common Stock [Member] Additional Paid-in Capital [Member]	Series 2 Preferred Stock Converted to Common Stock [Member] Retained Earnings [Member]	Series 2 Preferred Stock Converted to Common Stock [Member] Noncontrolling Interest [Member]	Series 2 Preferred Stock Converted to Common 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, 2021		5,327,473	42,673	13,089,848																																																42,673	7,762,375
Balance at Dec. 31, 2021			$ 0	$ 0	$ 3,319	$ 196,176	$ (101,049)	$ 107,378	$ 205,824																																											$ 0	$ 0	$ 3,319	$ 196,176	$ (101,049)	$ 107,378	$ 205,824
Equity-based compensation																																																				0	0	0	0	0	2,510	2,510
Distributions										$ 0	$ 0	$ 0	$ (216)	$ 0	$ 0	$ (216)	$ 0	$ 0	$ 0	$ (2,784)	$ 0	$ 0	$ (2,784)
Net income (loss)																																																				0	0	0	0	(8,119)	(10,207)	(18,326)
Distributions to non-controlling interest holders																																																				$ 0	$ 0	0	0	0	(2,510)	(2,510)
Distributions										0	0	0	216	0	0	216	0	0	0	2,784	0	0	2,784
Balance (in shares) at Dec. 31, 2022																																																				42,673	13,089,848
Balance at Dec. 31, 2022																																																				$ 0	$ 0	3,319	193,176	(109,168)	99,681	187,008
Equity-based compensation																																																				0	0	0	0	0	463	463
Distributions										0	0	0	(197)	0	0	(197)	0	0	0	(2,555)	0	0	(2,555)	$ 0	$ 0	$ 0	$ 4,600	$ 0	$ 0	$ 4,600
Net income (loss)																	0	0	0	0	(25,123)	(13,115)	(38,238)
Equity based payments																																																				0	0	0	19	0	7,465	7,484
Distributions to non-controlling interest holders																																																				$ 0	$ 0	0	0	0	(463)	(463)
Distributions										$ 0	$ 0	$ 0	$ 197	$ 0	$ 0	$ 197	$ 0	$ 0	$ 0	$ 2,555	$ 0	$ 0	$ 2,555	$ 0	$ 0	$ 0	$ (4,600)	$ 0	$ 0	$ (4,600)
Conversions, Shares (in shares)																															(3,134)	967,346						(50)	13,883						(46,000)	13,787,462
Conversions																															$ 0	$ 0	$ 0	$ 778	$ 0	$ 0	$ 778	$ 0	$ 0	$ 0	$ 13	$ 0	$ 0	$ 13	$ 0	$ 2	$ 0	$ 0	$ 0	$ 0	$ 2
Reverse Recapitalization, net of issuance costs (in shares)																																																				46,000	0
Fair value of Series 2 Preferred Stock																																																				$ 0	$ 0	0	53,723	0	0	53,723
Balance (in shares) at Dec. 31, 2023																																																				39,489	27,858,539
Balance at Dec. 31, 2023																																																				$ 0	$ 2	$ 3,319	$ 240,357	$ (134,291)	$ 93,568	$ 202,955

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parentheticals) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Series A Preferred Stock [Member]
Preferred Stock, Dividends Per Share, Declared (in dollars per share)	$ 75	$ 75
Series1 Preferred Stock [Member]
Preferred Stock, Dividends Per Share, Declared (in dollars per share)	70	$ 70
Series 2 Preferred Stock [Member]
Preferred Stock, Dividends Per Share, Declared (in dollars per share)	$ 0.1

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Cash flows from operating activities:
Net Loss	$ (38,238)	$ (18,326)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Depreciation and amortization expense	8,512	8,248
Amortization of loan costs	1,236	1,733
Loss on extinguishment of debt	0	(328)
Gain on settlement of indemnification liability	(1,155)	0
Loss on interest rate cap	151	0
(Gain)/Loss on sale of real estate	(660)	52
Equity based payment	7,484	2,510
Impairment	8,982	0
Issuance of Preferred Series 2 Stock	16,101	0
Change in fair value of Earn-out liability	(4,065)	0
Changes in operating assets and liabilities
Due to and from related parties	156	470
Accounts payable and accrued expenses	2,687	7,100
Deferred offering costs	(3,022)	(2,086)
Other assets, net	(101)	(267)
Deferred revenue	122	221
Accounts receivable	(420)	2,182
Net cash provided by (used in) operating activities	(2,125)	1,509
Cash flows from investing activities:
Capital expenditures	(1,821)	(2,408)
Capitalized technology	0	(171)
Purchase of investment in real estate	0	(17,513)
Proceeds from sale of investment in real estate	1,475	650
Net cash (used in) investing activities	(346)	(19,442)
Cash flows from financing activities
Proceeds from line of credit	0	73,700
Payments on notes payable	(14,085)	(58,755)
Payments on line of credit	(15,000)	0
Proceeds from reverse recap, net of payment of equity issuance costs	38,866	0
Payment of transaction costs for reverse recapitalization	(905)	0
Payment on interest rate cap	(205)	0
Distributions to non-controlling interest holders	(463)	0
Loan fees	0	(2,734)
Net cash provided by financing activities	8,208	12,211
Net change in cash, cash equivalents and restricted cash	5,737	(5,722)
Cash, cash equivalents and restricted cash, beginning of period	10,974	16,696
Cash, cash equivalents and restricted cash, end of period	16,711	10,974
Reconciliation of Cash, Cash Equivalents and Restricted Cash:
Cash, cash equivalents at beginning of period	5,758	11,805
Restricted cash at beginning of period	5,216	4,891
Cash, cash equivalents and restricted cash, beginning of period	10,974	16,696
Cash and cash equivalents at end of period	11,134	5,758
Restricted cash at end of period	5,577	5,216
Cash, cash equivalents and restricted cash, end of period	16,711	10,974
Supplemental disclosures of cash flow information:
Interest Paid	12,740	10,613
Non-cash investing and financing activities:
Dividends declared not yet paid	2,752	3,000
Distributions paid in common stock	791	0
Accrued capital expenditures	647	1,371
Series 2 Preferred Stock [Member]
Non-cash investing and financing activities:
Distributions paid-in-kind - Series 2	4,600	0
SBA CARES Act Paycheck Protection Program [Member]
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Loss on extinguishment of debt	0	(328)
Notes Payable, Other Payables [Member]
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:
Loss on extinguishment of debt	$ 105	$ 0

Insider Trading Arrangements

Insider Trading Arrangements - shares		12 Months Ended
	Dec. 15, 2023	Dec. 31, 2023
ecd_TradingArrByIndTable
Material Terms of Trading Arrangement [Text Block]		9B. OTHER INFORMATION Insider Trading Arrangements On December 15, 2023 Manuel Chavez, III Chief Executive Officer satisfy 10b5 1 142,000 September 30, 2024, During the fiscal quarter ended December 31, 2023, no 16a 1 10b5 1 10b5 1 408.
Rule 10b5-1 Arrangement Terminated [Flag]		false
Non-Rule 10b5-1 Arrangement Adopted [Flag]		false
Non-Rule 10b5-1 Arrangement Terminated [Flag]		false
Manuel Chavez III [Member]
ecd_TradingArrByIndTable
Trading Arrangement Adoption Date	December 15, 2023
Trading Arrangement, Individual Name	Manuel Chavez, III
Trading Arrangement, Individual Title	Chief Executive Officer
Rule 10b5-1 Arrangement Adopted [Flag]	true
Trading Arrangement, Securities Aggregate Available Amount	142,000

Note A - Organization and Busin

Note A - Organization and Business Operations	12 Months Ended
	Dec. 31, 2023
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 Fifth Wall Acquisition Corp. III or “FWAC”) is a Maryland corporation. We focus on acquiring, owning and leasing parking facilities and related infrastructure, including parking lots, parking garages and other parking structures throughout the United States. We target both parking garage and surface lot properties primarily in the top 50 December 31, 2023, 21 FWAC was a blank check, Cayman Islands exempted company, incorporated on February 19, 2021 one On August 25, 2023 ( 10 10 10 In connection with the Merger, Mobile Infra Operating Partnership, L.P., a Maryland limited partnership (the “Operating Partnership”), converted from a Maryland limited partnership to a Delaware limited liability company, Mobile Infra Operating Company, LLC (following the conversion, the “Operating Company”). In connection with the conversion, each outstanding unit of partnership interest of the Operating Partnership was converted automatically, on a one one one one two “HS3” HS3 The Company is publicly traded on the NYSE American under the ticker “BEEP.” As a result of the Merger: ● Each then issued and outstanding Class A Share and Class B Share of FWAC was converted, on a one ● Each then issued and outstanding share of Legacy MIC common stock was converted into 1.5 shares of the Company's common stock; ● Each share of Legacy MIC Series 1 Convertible Redeemable Preferred Stock (“Legacy MIC Series 1 1 1 ● The outstanding common stock warrant of Legacy MIC to purchase 1,702,128 shares of Legacy MIC common stock at an exercise price of $11.75 per share became a warrant to purchase 2,553,192 shares of common stock of the Company at an exercise price of $7.83 per share. Additionally, on June 15, 2023, HS3, 2 2 December 31, 2023, 2 On May 27, 2022, 100% March 2022, In connection with the execution of the Merger Agreement with FWAC, the MIT Merger Agreement and the cost allocation agreement with MIT were terminated. During the year ended December 31, 2022, Accounting Treatment of the Merger and Retroactive Equity Application Legacy MIC determined that it was the accounting acquirer in the Merger based on an analysis of the criteria outlined in Accounting Standards Codification (“ASC”) 805, ● The business affairs of the Company are controlled by the Board consisting of eight seven one seven ● The management of the Company is led by Legacy MIC’s Chief Executive Officer, Manuel Chavez, III, and President and Chief Financial Officer, Stephanie Hogue; and ● Legacy MIC was significantly larger than FWAC in terms of revenue, total assets (excluding cash) and employees. Under this method of accounting, FWAC was treated as the acquired company for financial reporting purposes. Accordingly, the Merger was treated as the equivalent of Legacy MIC issuing stock for the net assets of FWAC, accompanied by a recapitalization. The net assets of FWAC were stated at historical cost, with no In accordance with guidance applicable to these circumstances, the equity structure has been retroactively recast in all comparative periods up to the Closing Date, to reflect the equivalent number of shares of our common stock based on the exchange ratio of 1.5 established in the Merger.

Note B - Summary of Significant

Note B - Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Significant Accounting Policies [Text Block]	Note B Summary of Significant Accounting Policies Basis of Accounting Our consolidated financial statements are prepared on the accrual basis of accounting and in accordance with principles generally accepted in the United States of America (“GAAP”) for financial information as contained in the Financial Accounting Standards Board (“FASB”) ASC, and in conjunction with rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, all normal recurring adjustments considered necessary to give a fair presentation of operating results for the periods presented have been included. Certain prior period amounts have been reclassified to conform to the current period presentation. no Going Concern Going Concern—The accompanying consolidated financial statements are prepared in accordance with GAAP applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The going concern basis assumes that the Company will be able to meet its obligations and continue its operations one one The Company has incurred net losses since its inception and anticipates net losses for the near future. December 31, 2023, twelve February 2024, March 2024 March 1, 2029. twelve The Company is currently analyzing financial and strategic alternatives in order to satisfy these debt maturities. While there can be no June 2025 March 1, 2024 Consolidation The consolidated financial statements include the accounts of the Company, the Operating Company, each of their wholly owned subsidiaries, and all other entities in which we have a controlling financial interest. For entities that meet the definition of a variable interest entity (“VIE”), we consolidate those entities when we are the primary beneficiary of the entity. We are determined to be the primary beneficiary when we possess 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. We continually evaluate whether we qualify as the primary beneficiary and reconsider our determination of whether an entity is a VIE upon reconsideration events. All intercompany activity is eliminated in consolidation. Noncontrolling interests on our Consolidated Balance Sheets represent the portion of equity that we do 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 stock issuance, equity compensation, asset impairment, and purchase price allocations to record investments in real estate, as applicable. Concentration We had fourteen and fifteen parking operators during the years ended December 31, 2023 2022, December 31, 2023 2022, December 31, 2023 2022, In addition, we had concentrations in Cincinnati (19.4% and 19.2%), Detroit (10.3% and 12.5%), and Chicago (9.1% and 8.7%) based on gross book value of real estate as of December 31, 2023 2022, As of December 31, 2023 2022, 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 us (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, we will utilize several sources, including independent third may We allocate 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. We utilize 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 in our Consolidated Statements of Operations over the remaining term of the respective lease. If a tenant terminates its lease with us, the unamortized portion of any lease intangible is recognized over the shortened lease term. Impairment of Long-Lived Assets On a quarterly basis, we employ a multi-step approach to assess our real estate assets for possible impairment and record any impairment charges identified. The first first second third third At least annually, we review indefinite-lived intangible assets for indicators of impairment. We first not Cash, Cash Equivalents and Restricted Cash We consider all highly liquid investments purchased with an original maturity of three may may may, Restricted cash primarily consists of escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums and other amounts required to be escrowed pursuant to loan agreements. Leases The majority of our revenue is rental income derived from leases of our real estate assets. We account for our leases in accordance with ASC Topic 842, 842” A lease is determined to be an operating, sales-type, or direct financing lease using the criteria established in ASC 842. • if the lease transfers ownership of the underlying asset to the lessee by the end of the term; • if the lease grants the lessee an option to purchase the underlying asset that is reasonably certain to be exercised; • if the lease term is for the major part of the remaining economic life of the underlying asset; or • if the present value of the sum of the lease payments and any residual value guaranteed by the lessee equals or exceeds substantially all of the fair value of the underlying asset. If none Certain of our lease agreements provide for tenant reimbursements of property taxes and other operating expenses that are variable depending upon the applicable expenses incurred. These reimbursements are accrued as Base Rental Income in our Consolidated Statements of Operations in the period in which the applicable expenses are incurred. Certain assumptions and judgments are made in estimating the reimbursements at the end of each reporting period. We do not Lease receivables are reviewed each reporting period to determine whether or not not 842, may not December 31, 2023 2022. Investments in Real Estate Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation is recognized on a straight-line method over the estimated useful lives of each asset type. We periodically assess the reasonableness of useful lives which generally have the following lives, by asset class: up to 40 years for buildings, 15 years for land improvements, five one Stock-Based Compensation Stock-based compensation for equity awards is based on the grant date fair value of the equity awards and is recognized as General and Administrative in our Consolidated Statements of Operations 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. Fair value for our performance-based awards is calculated using the Monte Carlo method, which is intended to estimate the fair value of the awards using dividend yields, expected volatilities that are primarily based on available implied data and peer group companies’ historical data, and post-vesting restriction periods. Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. Valuation allowances are established when management determines that it is more likely than not not We use a two first not second not not December 31, 2023 2022 Reportable Segments Our principal business is the ownership, operation and management of parking facilities at a consolidated level. We do not Recently Issued Accounting Standards The following table provides a brief description of recent accounting pronouncements that could have a material effect on our consolidated financial statements: Standard Description Planned Date of Adoption Effect on Financial Statements or Other Significant Matters ASU 2023 07—Segment 280 The amendments improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. December 31, 2024 We are currently evaluating the impact the adoption of this standard will have on our consolidated financial statements. ASU 2023 09—Income 740 The amendments require additional categories within the tax rate reconciliation and provide additional information on reconciling items that are 5% December 31, 2024 We are currently evaluating the impact the adoption of this standard will have on our disclosures.

Note C - Reverse Recapitalizati

Note C - Reverse Recapitalization	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Business Combination Disclosure [Text Block]	Note C Reverse Recapitalization As described in Note A, the Merger closed on August 25, 2023. ● holders of an aggregate of 27,080,715 FWAC Class A Shares, representing 95.3% of FWAC’s Class A Shares, exercised their right to redeem their shares for cash for an aggregate redemption amount of $279,018,123; ● Fifth Wall Acquisition Sponsor III LLC, a Cayman Islands limited liability company (the “Sponsor”), forfeited 4,855,000 FWAC Class B Shares held by the Sponsor immediately prior to the Closing for no ● 46,000 shares of Series 2 $46,000,000; ● each then issued and outstanding Class A Share and Class B Share of FWAC was converted, on a one ● each then issued and outstanding share of Legacy MIC common stock was converted into 1.5 shares of the Company’s common stock; ● each share of Legacy MIC Series 1 1 ● the outstanding common stock warrant of Legacy MIC to purchase shares of Legacy MIC common stock at an exercise price of $11.75 per share became a warrant to purchase 2,553,192 shares of common stock of the Company at an exercise price of $7.83 per share; and ● in connection with the conversion of the Operating Partnership into the Operating Company, each outstanding unit of partnership interest of the Operating Partnership converted automatically, on a one one Following the completion of the Merger, the Company had the following outstanding securities: ● 13,089,848 shares of the Company’s common stock; ● 39,811 shares of Series 1 ● 2,862 shares of Series A Preferred Stock; ● 46,000 shares of Series 2 ● a warrant to purchase 2,553,192 shares of the Company’s common stock at an exercise price of $7.83 per share. Following the completion of the Merger and after giving effect to the cashless conversion of 638,298 Class A Units into 156,138 Common Units by HS3 August 29, 2023, ● 27,041,813 Common Units outstanding, 13,089,848 of which are owned by the Company, representing approximately 48.4% of the outstanding Common Units; ● 2,250,000 Performance Units; and ● 660,329 LTIP Units. The following table reconciles the elements of the Merger to the consolidated statements of cash flows and the consolidated statement of changes in stockholder's equity/(deficit) for the twelve December 31, 2023 Fair value of Series 2 Preferred Stock $ 66,700 Common stock issued in exchange for FWAC Class A and B 4,552 Less: Fair value of Earn-Out Shares issued (5,844 ) Less: Equity-allocated offering costs (11,685 ) Impact to Addition-Paid in Capital 53,723 Less: Non-cash Preferred Series 2 issuance expense (16,101 ) Earn-Out liability recognized 5,844 Less: Series 2 Preferred Stock dividend paid-in-kind recognized (4,600 ) Net cash proceeds $ 38,866 1,900,000 FWAC Class B Shares that converted to the Company’s common stock are subject to an earn-out structure (the “Earn-Out Shares”) under terms outlined in the Second Amended and Restated Sponsor Agreement. The Earn-Out Shares vest if certain milestones related to share price are achieved as further described in Footnote I. Because the shares have voting rights but have contingent vesting conditions, we have included the shares as issued but not As part of accounting for the reverse recapitalization, we evaluated the Series 2 820 480. 2 2

Note D - Acquisitions and Dispo

Note D - Acquisitions and Dispositions of Investments in Real Estate	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Mergers, Acquisitions and Dispositions Disclosures [Text Block]	Note D Acquisitions and Dispositions of Investments in Real Estate 2023 In February 2023, In February 2024, 2022 The following table is a summary of the one December 31, 2022 ( Date Property # Size / Commercial Purchase Property Location Acquired Type Spaces Acreage Sq. Ft. 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 during the year ended December 31, 2022 ( Land and Building and In-Place Lease Total assets Improvements improvements Value acquired 222 Sheridan Bricktown Garage LLC $ 1,314 $ 16,020 $ 179 $ 17,513 In September 2022,

Note E - Intangible Assets

Note E - Intangible Assets	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Intangible Assets Disclosure [Text Block]	Note E Intangible Assets Intangible assets and related accumulated amortization consisted of the following for the years ended December 31, 2023 2022 2023 2022 Gross carrying Accumulated Gross carrying Accumulated amount amortization amount amortization Acquired in-place leases $ 2,443 $ 1,845 $ 2,564 $ 1,621 Lease commissions 182 136 165 106 Indefinite lived contract 3,160 — 3,160 — Acquired technology and other 4,402 1,009 4,217 561 Total intangible assets $ 10,187 $ 2,990 $ 10,106 $ 2,288 Amortization of the in-place lease value, lease commissions and acquired technology are included in Depreciation and Amortization in our Consolidated Statements of Operations. Amortization expense associated with intangible assets totaled $0.8 December 31, 2023 2022 Estimated future amortization of intangible assets as of December 31, 2023 five Acquired in-place leases Lease commissions Acquired Technology 2024 $ 291 $ 23 $ 481 2025 181 12 481 2026 102 7 481 2027 24 4 452 2028 — — 434 Thereafter — — 1,064

Note F - Notes Payable

Note F - Notes Payable	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	Note F Notes Payable As of December 31, 2023 2022 Original Debt Monthly Balance as Term Interest Loan Loan Amount Payment of 12/31/23 Lender (in Years) Rate Maturity MVP Memphis Poplar (3) $ 1,800 I/O $ 1,800 LoanCore 5 5.38% 3/6/2024 MVP St. Louis (3) $ 3,700 I/O $ 3,700 LoanCore 5 5.38% 3/6/2024 Mabley Place Garage, LLC $ 9,000 $ 44 $ 7,428 Barclays 10 4.25% 12/6/2024 322 Streeter Holdco LLC $ 25,900 $ 130 $ 24,672 American National Insurance Co. 5 * 3.50% 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650 $ 20 $ 2,851 Barclays Bank PLC 10 4.25% 8/6/2025 Minneapolis City Parking, LLC $ 5,250 $ 29 $ 4,223 American National Insurance, of NY 10 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400 $ 23 $ 3,531 FBL Financial Group, Inc. 10 4.00% 8/1/2026 West 9th Properties II, LLC $ 5,300 $ 30 $ 4,343 American National Insurance Co. 10 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150 $ 73 $ 10,807 American National Insurance, of NY 10 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500 $ 194 $ 26,759 Bank of America 10 5.52% 2/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132 $ 24 $ 3,714 KeyBank 10 * 4.90% 5/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380 $ 8 $ 1,241 KeyBank 10 * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999 $ 23 $ 3,594 KeyBank 10 * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $ 286 $ 2 $ 257 KeyBank 10 * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142 $ 12 $ 1,925 KeyBank 10 * 4.90% 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762 $ 4 $ 684 KeyBank 10 * 4.90% 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682 I/O $ 1,682 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454 I/O $ 6,454 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627 I/O $ 1,627 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820 I/O $ 1,820 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671 I/O $ 1,671 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057 I/O $ 2,057 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938 I/O $ 938 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St Louis Cardinal Lot DST, LLC $ 6,000 I/O $ 6,000 Cantor Commercial Real Estate 10 5.25% 5/31/2027 MVP Preferred Parking, LLC $ 11,330 $ 66 $ 11,028 Key Bank 10 ** 5.02% 8/1/2027 Less unamortized loan issuance costs $ (426) $ 134,380 ( 1 We issued a promissory note to KeyBank for $12.7 million secured by the pool of properties. ( 2 We 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 In September 2023, five February 2024, 2013 ten 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. As of December 31, 2023, two December 31, 2023. two As of December 31, 2023, 2024 $ 10,564 2025 29,166 2026 22,789 2027 67,084 Thereafter 5,603 Total $ 135,206

Note G - Revolving Credit Facil

Note G - Revolving Credit Facility and Interest Rate Cap	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Debt Disclosure [Text Block]	Note F Notes Payable As of December 31, 2023 2022 Original Debt Monthly Balance as Term Interest Loan Loan Amount Payment of 12/31/23 Lender (in Years) Rate Maturity MVP Memphis Poplar (3) $ 1,800 I/O $ 1,800 LoanCore 5 5.38% 3/6/2024 MVP St. Louis (3) $ 3,700 I/O $ 3,700 LoanCore 5 5.38% 3/6/2024 Mabley Place Garage, LLC $ 9,000 $ 44 $ 7,428 Barclays 10 4.25% 12/6/2024 322 Streeter Holdco LLC $ 25,900 $ 130 $ 24,672 American National Insurance Co. 5 * 3.50% 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650 $ 20 $ 2,851 Barclays Bank PLC 10 4.25% 8/6/2025 Minneapolis City Parking, LLC $ 5,250 $ 29 $ 4,223 American National Insurance, of NY 10 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400 $ 23 $ 3,531 FBL Financial Group, Inc. 10 4.00% 8/1/2026 West 9th Properties II, LLC $ 5,300 $ 30 $ 4,343 American National Insurance Co. 10 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150 $ 73 $ 10,807 American National Insurance, of NY 10 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500 $ 194 $ 26,759 Bank of America 10 5.52% 2/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132 $ 24 $ 3,714 KeyBank 10 * 4.90% 5/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380 $ 8 $ 1,241 KeyBank 10 * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999 $ 23 $ 3,594 KeyBank 10 * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $ 286 $ 2 $ 257 KeyBank 10 * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142 $ 12 $ 1,925 KeyBank 10 * 4.90% 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762 $ 4 $ 684 KeyBank 10 * 4.90% 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682 I/O $ 1,682 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454 I/O $ 6,454 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627 I/O $ 1,627 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820 I/O $ 1,820 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671 I/O $ 1,671 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057 I/O $ 2,057 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938 I/O $ 938 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St Louis Cardinal Lot DST, LLC $ 6,000 I/O $ 6,000 Cantor Commercial Real Estate 10 5.25% 5/31/2027 MVP Preferred Parking, LLC $ 11,330 $ 66 $ 11,028 Key Bank 10 ** 5.02% 8/1/2027 Less unamortized loan issuance costs $ (426) $ 134,380 ( 1 We issued a promissory note to KeyBank for $12.7 million secured by the pool of properties. ( 2 We 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 In September 2023, five February 2024, 2013 ten 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. As of December 31, 2023, two December 31, 2023. two As of December 31, 2023, 2024 $ 10,564 2025 29,166 2026 22,789 2027 67,084 Thereafter 5,603 Total $ 135,206
Line of Credit [Member]
Notes to Financial Statements
Debt Disclosure [Text Block]	Note G Revolving Credit Facility and Interest Rate Cap Revolving Credit Facility In March 2022, April 1, 2023 ( not not During 2022, In November 2022, April 1, 2024, March 31, 2023. second As of December 31, 2023, In March 2024, June 2025 one October 2024. Interest Rate Cap In August 2023, April 1, 2024. not December 31, 2023

Note H - Leases

Note H - Leases	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Leases of Lessor and Lessee [Text Block]	Note H Leases Lessor All of our leases are classified as operating leases. The following table summarizes the components of operating lease revenue recognized during the years ended December 31, 2023 2022 Year Ended December 31, Lease revenue 2023 2022 Fixed contractual payments $7,103 $7,107 Variable lease payments $23,100 $21,542 Straight-line rental income $70 $25 Future fixed contractual lease payments to be received under non-cancelable operating leases in effect as of December 31, 2023 , assuming no new or renegotiated leases or option extensions on lease agreements are executed, are as follows (excluding leases subsequently replaced by asset management contracts, dollars in thousands): Years Ending December 31, Future lease payments due 2024 $ 5,937 2025 $ 5,399 2026 $ 4,568 2027 $ 2,511 2028 $ 1,168 Thereafter $1,653

Note I - Equity

Note I - Equity	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Equity [Text Block]	Note I Equity Prior to the Merger, Legacy MIC had two two 1 2 By virtue of the consummation of the Merger, the Sponsor owns 1,900,000 Earn-out Shares subject to vesting restrictions and forfeiture under the terms of the Sponsor Agreement, as follows: (a) 950,000 Earnout Shares will vest at such time as the aggregate volume-weighted average price per share of our common stock for any 5 not December 31, 2026) 5 not December 31, 2028). As described in Note A above, each issued and outstanding share of Legacy MIC Series 1 one 1 one 1 Series A Convertible Redeemable Preferred Stock The terms of the Series A Preferred Stock provide that the holders of the Series A Preferred Stock are entitled to receive, when and as authorized by the Board and declared by us out of legally available funds, cumulative cash dividends on each share at an annual rate of 7.50% of the stated value pari passu with the dividend preference of the Series 1 5.75% In March 2020, December 31, 2023 2022, ely $0.8 m Subject to our redemption rights, each share of Series A Preferred Stock is convertible into common stock at the election of the holder thereof by delivery of a written notice, containing the information required by our charter, by a holder of shares of Series A Preferred Stock electing to convert such shares into common stock (the “Series A Preferred Stock Conversion Notice”), containing the information required by the charter, at any time. Subject to our redemption rights, the conversion of Series A Preferred Stock into common stock will occur at the end of the 20th 100% $1,000, not 20 As of December 31, 2023, Series 1 The terms of the Series 1 1 1 1 On March 24, 2020, 1 1 1 December 31, 2023 2022, $9.7 m 1 Subject to our redemption rights, each share of Series 1 1 1 1 20th 1 1 100% 1 $1,000, not 20 1 As of December 31, 2023, 1 Series 2 On June 15, 2023, 2 The Series 2 first 2 one December 31, 2023. 2 2 2 2 Warrants In accordance with its warrant agreement between Legacy MIC and Color Up, dated August 25, 2021 ( one As of the Closing Date, FWAC, Legacy MIC, and Color Up entered into a Warrant Assumption and Amendment Agreement (the “Warrant Assumption and Amendment Agreement”) to the Warrant Agreement, whereby the Company assumed the Common Stock Warrants remaining outstanding and unexpired at that time, and such Common Stock Warrants became the common stock warrants of the Company. Subsequent to the Closing date, on August 29, 2023, not The Common Stock Warrants expire on August 25, 2026 Securities Purchase Agreement On November 2, 2021, HS3, HS3 HS3 HS3 may 4 2 August 29, 2023, HS3 Convertible Noncontrolling Interests As of December 31, 2023, ely 42 million Comm six first The Common Units not December 31, 2023

Note J - Stock-Based Compensati

Note J - Stock-Based Compensation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Share-Based Payment Arrangement [Text Block]	Note J - Stock-Based Compensation Long-Term Incentive Plan We issue equity-based awards to promote the success and enhance the value of MIC and the Operating Company, by linking the individual interests of employees, consultants and members of the MIC Board to those of MIC’s stockholders and by providing such individuals with an incentive for outstanding performance to generate superior returns to MIC’s stockholders. We issue awards under our 2023 first Employee Awards In February 2023, 2022 three In August 2022 December 2022, one September 2023, December 2023, August 2024. one In May 2022, December 2025 December 2027 four fourth 2025 four December 2027. not December 31, 2023 2022, not Director Awards We granted approximately 14,500 and 39,100 LTIP Units in 2022 2023, 2021 2022. three December 31, 2022. The following table sets forth a roll forward of all incentive equity awards for the years ended December 31, 2023 2022: Number of Incentive Equity Awards Weighted-Average Grant Date Fair Value Per Share Nonvested - January 1, 2022 — $ — Granted 2,673,041 8.44 Vested — — Forfeited — — Nonvested - January 1, 2023 2,673,041 $ 8.44 Granted 347,082 7.46 Vested (59,681 ) 9.40 Forfeited (135,320 ) 10.00 Nonvested - December 31, 2023 2,825,122 $ 8.22 We recognized $8.6 million and $2.5 million of equity-based compensation expense for the years ended December 31, 2023 2022, 2023 not 2024 In January 2024, ● 0.3 million LTIP units to Mr. Chavez in lieu of his salary for 2021 2023 2023 2024 four twelve ● 0.4 million LTIP units and 0.2 million restricted stock units awarded at a grant date fair value of $3.84 to our executives representing the long term incentive awards for 2023 2024. three ● 0.1 million LTIP Units and 0.1 million restricted stock units with a grant date fair value of $6.11 to our executives using the Monte Carlo method. These awards will vest based upon the performance of our stock versus the Russell 2000 three ● 0.2 million restricted stock units awarded to the independent directors as consideration for service in 2023 2024. twelve one

Note K - Employee Benefit Plan

Note K - Employee Benefit Plan	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Compensation and Employee Benefit Plans [Text Block]	Note K Employee Benefit Plan We sponsor a 401 first 6% of Total expense recorded for the matching 401 December 31, 2023 2022, $109,000 and

Note L - Earnings Per Share

Note L - Earnings Per Share	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Earnings Per Share [Text Block]	Note L Earnings Per Share Basic and diluted loss per weighted average common share (“EPS”) is calculated by dividing net income (loss) attributable to the our common stockholders, including any participating securities, by the weighted average number of shares outstanding for the period. We include the effect of participating securities in basic and diluted earnings per share computations using the two two twelve December 31, 2023 2022 2.8 million un twelve December 31, 2023 2022. The following table reconciles the numerator and denominator used in computing our basic and diluted per-share amounts for net loss attributable to common stockholders for the twelve December 31, 2023 2022 2023 2022 Numerator: Net loss attributable to MIC $ (32,475 ) $ (11,119 ) Net loss attributable to participating securities — — Net loss attributable to MIC common stock $ (32,475 ) $ (11,119 ) Denominator: Basic and dilutive weighted average shares of Common Stock outstanding 13,244,388 13,089,848 Basic and diluted loss per weighted average common share: Basic and dilutive $ (2.45 ) $ (0.85 )

Note M - Variable Interest Enti

Note M - Variable Interest Entities	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Variable Interest Entity Disclosure [Text Block]	Note M Variable Interest Entities We, through a wholly owned subsidiary of the Operating Company, own 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. MVP St. Louis is considered VIE and we conclude that it is the primary beneficiary since 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, which is controlled by Mr. Chavez. As a result, we consolidate its investment in MVP St. Louis and MVP St. Louis Cardinal Lot Master Tenant, LLC, which had total assets of approximatel y $13.0 $6.2 m December 31, 2023 2022,

Note N - Income Taxes

Note N - Income Taxes	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Income Tax Disclosure [Text Block]	Note N Income Taxes The Company previously elected to be taxed as a REIT for federal income tax purposes and operated in a manner that allowed the Company to qualify as a REIT through December 31, 2019. 19 not not December 31, 2020. not 2020 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 December 31, 2023, three December 31, 2023. December 31, 2023. may not The provision for income taxes for the years ended December 31, 2023 2022 2023 2022 Current Federal — — State 41 29 Total Current $ 41 $ 29 Deferred Federal — — State — — Total Deferred — — Total $ 41 $ 29 The following table presents a reconciliation of the statutory corporate U.S. federal income tax rate to the Company’s effective tax rate as of December 31, 2023 2023 2022 Tax at U.S. statutory rate 21.00 % 21.00 % State taxes, net of federal effect 2.13 % 2.29 % Non-Deductible Expenses (9.85 )% 0.89 % Change in Valuation Allowance (13.40 )% (24.54 )% Effective income tax rate — — The balances for deferred taxes for the years ended December 31, 2023 2022 Year Ended December 31, 2023 2022 Deferred Tax Assets: NOL Carryforward $ 17,522 $ 14,030 Intangible Assets 4,171 4,676 Investment in Operating Partnership 9,631 8,388 Gross deferred tax assets $ 31,324 $ 27,094 Less valuation allowance (31,324 ) (27,094 ) Total deferred tax assets $ — $ — Deferred Tax Liabilities: Straight-line Rent — — Total net deferred taxes $ — $ — As of December 31, 2023, 2018 80% 2018 2036

Note O - Fair Value

Note O - Fair Value	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Fair Value Disclosures [Text Block]	Note O 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 Our financial instruments include cash and cash equivalents, restricted cash, accounts receivable and accounts payable. Due to their short maturities, the carrying amounts of these assets and liabilities approximate fair value. The estimated fair value of our debt (including notes payable and the Revolving Credit Facility) was derived using Level 2 ates $182.9 December 31, 2023 2022, Recurring and Nonrecurring Fair Value Measurements Our Earn-out Shares and interest rate cap are measured and recognized at fair value on a recurring basis, while certain real estate assets and liabilities are measured and recognized at fair value as needed. Fair value measurements that occurred as of and during the year ended December 31, 2023 2022, December 31, 2023 December 31, 2022 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Recurring Earn-out Shares - - 1,779 - - - Interest rate cap - 54 - - - - Nonrecurring Impaired real estate assets - - 50,536 - - - Earn-Out Shares The terms of the Earn-Out Shares allow an additional 1,900,000 shares to vest if certain milestones are achieved: ● 950,000 shares vest if the aggregate volume-weighted average price for any 5 December 31, 2026 ● 950,000 shares vest if the aggregate volume-weighted average price for any 5 December 31, 2028 We estimate the fair value of each tranche of shares separately using a Monte Carlo simulation. These estimates require us to make various assumptions about the risk-free rate, expected volatility for each tranche of the Earn-Out Shares, and other items that are unobservable and are considered Level 3 We recognized a gain of approxim ately $4.1 million during the year ended December 31, 2023 December 31, 2023 Level 3 Liability Balance as of January 1, 2023 $ - Impact of the Merger (initial valuation) (5,844 ) Change in fair value recognized in earnings 4,065 Balance as of December 31, 2023 $ (1,779 ) Interest Rate Cap Our interest rate cap is measured at fair value on a recurring basis. The valuation is determined using widely accepted valuation techniques, including discounted cash flow analysis on the expected cash flows of each derivative. This analysis reflects the contractual terms of the derivatives, including the period to maturity, and uses observable market-based inputs, including interest rate curves and implied volatilities. The fair value of the interest rate cap is determined using the market standard methodology of valuing the expected discounted future fixed cash receipts. The variable cash or receipts are based on an expectation of future interest rates (forward curves) derived from observable market interest rate curves. We evaluated the need for credit valuation adjustments to appropriately reflect both our own nonperformance risk and the respective counterparty’s nonperformance risk in the fair value measurements, but believe these impacts are not 2 Impairment Our real estate assets are measured and recognized at fair value on a nonrecurring basis when we determine an impairment has occurred. To estimate fair value we may third may 3 December 31, 2023,

Note P - Commitments and Contin

Note P - Commitments and Contingencies	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Commitments and Contingencies Disclosure [Text Block]	Note P Commitments and Contingencies The nature of our business exposes our properties, the Company, the Operating Company and our 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, we are not In March 2023, 1:23 00599 September 6, 2023, September 2023, In August 2021, April, 2023, not In January 2023, 43rd December 2022 Accounts Payable and Accrued Expenses first 2023, February 2024 one April 15, 2024, In September 2023, one

Note Q - Related Party Transact

Note Q - Related Party Transactions and Arrangements	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Related Party Transactions Disclosure [Text Block]	Note Q Related Party Transactions and Arrangements Two of our assets, 1W7 222W7, six five 2021 December 31, 2023 2022, y $0.1 d $0.1 In May 2022, not 21,000 531,000 120 no December 31, 2023, not In connection with our recapitalization transaction in August 2021, August 2021 three Additionally, in connection with our recapitalization transaction in August 2021, December 31, 2022. March 2023. We have agreed to pay for certain tax return preparation services of Color Up and certain member entities of Color Up. We have incurred approximately $0.1 million related to these services which is reflected in General and Administrative on the Consolidated Statements of Operations for the year ended December 31, 2023. ely $0.1 m License Agreement On August 25, 2021, Tax Matters Agreement On August 25, 2021, 1 tenth 2 tenth 20%

Note R - Subsequent Events

Note R - Subsequent Events	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
Subsequent Events [Text Block]	Note R Subsequent Events In preparing the consolidated financial statements, we have evaluated subsequent events through the date of filing of this report on Form 10 first 2024, 26 43

Schedule III - Real Estate and

Schedule III - Real Estate and Accumulated Depreciation	12 Months Ended
	Dec. 31, 2023
Notes to Financial Statements
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation Disclosure [Text Block]	SCHEDULE III REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2023 (dollars in thousands) Costs Capitalized Subsequent to Initial Cost Acquisition Gross Carrying Amount at December 31, 2023 (1) Life on which depr Accumulated in latest Land and Buildings and Carrying Land and Building and Depreciation Date statement is Description ST Encumbrance Improvements Improvements Improvements Costs Improvements Improvements Total (2) Acquired computed West 9th Street (3) OH $ 4,343 $ 5,675 $ — $ 302 -- $ 5,918 $ 59 $ 5,977 $ 79 2016 15 Crown Colony (3) OH — 3,030 — 19 -- 2,954 — 2,954 8 2016 15 Cincinnati Race Street OH — 2,142 2,358 1,900 -- 1,227 1,750 2,977 — 2016 39,15 St Louis Washington MO 1,241 3,000 — 7 -- 1,637 — 1,637 3 2016 15 St Paul Holiday Garage MN 3,714 1,673 6,527 690 -- 1,673 7,217 8,890 1,343 2016 39,15 Louisville Station KY 1,682 3,050 — 57 -- 3,007 — 3,007 25 2016 15 Whitefront Garage TN 6,454 3,116 8,380 199 -- 3,116 8,579 11,695 1,633 2016 39,15 Cleveland Lincoln Garage OH 3,594 2,195 5,122 5,181 -- 1,378 8,395 9,773 2,211 2016 39,15 Houston Preston TX 1,627 2,800 — 20 -- 2,820 — 2,820 9 2016 15 Houston San Jacinto TX 1,820 3,200 — 50 -- 3,250 — 3,250 21 2016 15 MVP Detroit Center Garage MI 26,759 7,000 48,000 1,060 -- 6,497 37,680 44,177 297 2017 39,15 St. Louis Broadway MO 1,671 2,400 — — -- 2,400 — 2,400 — 2017 N/A St. Louis Seventh & Cerre MO 2,057 3,300 — — -- 3,300 — 3,300 — 2017 N/A MVP Preferred Parking TX 11,028 15,800 4,700 720 -- 15,230 5,250 20,480 1,020 2017 39,15 MVP Raider Park Garage TX * 2,005 9,057 3,674 -- 2,005 12,731 14,736 2,182 2017 39,15 MVP PF Memphis Poplar 2013 TN 1,800 3,658 — 24 -- 3,670 12 3,682 21 2017 15 MVP PF St. Louis 2013 MO 3,700 5,041 — — -- 5,041 — 5,041 44 2017 15 Mabley Place Garage OH 7,428 1,585 19,018 1,037 -- 1,360 17,280 18,640 2,819 2017 39,15 MVP Denver Sherman CO 257 705 — — -- 705 — 705 — 2017 N/A MVP Fort Worth Taylor TX 10,807 2,845 24,405 5 -- 2,845 24,410 27,255 3,798 2017 39,15 MVP Milwaukee Old World WI — 2,003 — 8 -- 2,003 8 2,011 29 2017 15 MVP Houston Saks Garage TX 2,851 4,931 5,221 177 -- 3,712 4,116 7,828 713 2017 39,15 MVP Milwaukee Wells WI * 4,994 — — -- 4,374 — 4,374 99 2017 15 MVP Indianapolis City Park IN * 2,056 8,557 114 -- 2,056 8,671 10,727 1,375 2017 39,15 MVP Indianapolis WA Street Lot IN * 5,618 — — -- 1,864 — 1,864 — 2017 15 MVP Minneapolis Venture MN — 4,013 — 109 -- 4,013 108 4,121 8 2017 N/A MVP Indianapolis Meridian Lot IN 938 1,573 — — -- 1,523 — 1,523 8 2017 15 MVP Milwaukee Clybourn WI — 257 — — -- 257 — 257 4 2017 15 MVP Milwaukee Arena WI 1,925 4,631 — 52 -- 4,641 42 4,683 3 2017 N/A MVP Clarksburg Lot WV — 701 — — -- 611 — 611 4 2017 15 MVP Denver 1935 Sherman CO 684 2,533 — — -- 2,533 — 2,533 — 2017 N/A MVP Bridgeport Fairfield Garage CT 3,531 498 7,555 51 -- 498 7,606 8,104 1,232 2017 39,15 Minneapolis City Parking MN 4,223 9,633 — — -- 7,513 — 7,513 120 2017 15 MVP New Orleans Rampart LA * 8,105 — — -- 7,835 — 7,835 — 2018 N/A MVP Hawaii Marks HI * 9,119 11,715 421 -- 8,571 11,435 20,006 1,715 2018 39,15 1W7 Carpark OH * 2,995 28,762 39 -- 2,995 28,801 31,796 1,732 2021 39,15 222W7 OH * 4,391 23,879 99 -- 4,391 23,978 28,369 1,443 2021 39 322 Streeter IL 24,672 11,387 27,035 450 -- 11,387 27,485 38,872 1,665 2021 39 2nd Street FL — 93 — — -- 93 — 93 — 2021 N/A Denver 1725 Champa Street Garage CO * 7,414 8,860 422 -- 7,414 9,282 16,696 529 2021 39 Bricktown OK * 1,314 16,020 32 -- 1,314 16,052 17,366 654 2022 39 MVP St. Louis Cardinal Lot DST MO 6,000 11,660 19 — -- 11,660 19 11,679 2 2017 N/A $ 134,806 $ 174,139 $ 265,190 $ 16,919 $ — $ 161,291 $ 260,966 $ 422,257 $ 26,848 ( 1 The aggregate gross cost of property included above for federal income tax purposes approximately $418.1 million as of December 31, 2023. ( 2 The initial costs of buildings are depreciated over 39 years using a straight-line method of accounting; improvements capitalized subsequent to acquisition are depreciated over the shorter of the lease term or useful life, generally ranging from one ( 3 These properties are held by West 9 th * Property financed under the Revolving Credit Facility The following table reconciles the historical cost of total real estate held for investment for the years ended December 31, 2023 2022 2023 2022 Balance at beginning of period $ 439,526 $ 420,603 Additions during period: Acquisitions — 17,334 Improvements 1,988 2,289 Deductions during period: Dispositions (696 ) (700 ) Impairments (18,561 ) — Balance at close of period $ 422,257 $ 439,526 ( 1 This amount does not December 31, 2023 December 31, 2022 The following table reconciles the accumulated depreciation for the years ended December 31, 2023 2022 2023 2022 Balance at beginning of period $ 28,763 $ 21,348 Deductions during period: — Impairments (9,605 ) — Depreciation of real estate 7,690 7,415 Balance at close of period $ 26,848 $ 28,763

Significant Accounting Policies

Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of Accounting, Policy [Policy Text Block]	Basis of Accounting Our consolidated financial statements are prepared on the accrual basis of accounting and in accordance with principles generally accepted in the United States of America (“GAAP”) for financial information as contained in the Financial Accounting Standards Board (“FASB”) ASC, and in conjunction with rules and regulations of the Securities and Exchange Commission (“SEC”). In the opinion of management, all normal recurring adjustments considered necessary to give a fair presentation of operating results for the periods presented have been included. Certain prior period amounts have been reclassified to conform to the current period presentation. no
Going Concern, Policy [Policy Text Block]	Going Concern Going Concern—The accompanying consolidated financial statements are prepared in accordance with GAAP applicable to a going concern, which contemplates the realization of assets and the satisfaction of liabilities in the normal course of business. The going concern basis assumes that the Company will be able to meet its obligations and continue its operations one one The Company has incurred net losses since its inception and anticipates net losses for the near future. December 31, 2023, twelve February 2024, March 2024 March 1, 2029. twelve The Company is currently analyzing financial and strategic alternatives in order to satisfy these debt maturities. While there can be no June 2025 March 1, 2024
Consolidation, Policy [Policy Text Block]	Consolidation The consolidated financial statements include the accounts of the Company, the Operating Company, each of their wholly owned subsidiaries, and all other entities in which we have a controlling financial interest. For entities that meet the definition of a variable interest entity (“VIE”), we consolidate those entities when we are the primary beneficiary of the entity. We are determined to be the primary beneficiary when we possess 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. We continually evaluate whether we qualify as the primary beneficiary and reconsider our determination of whether an entity is a VIE upon reconsideration events. All intercompany activity is eliminated in consolidation. Noncontrolling interests on our Consolidated Balance Sheets represent the portion of equity that we do 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 stock issuance, equity compensation, asset impairment, and purchase price allocations to record investments in real estate, as applicable.
Concentration Risk, Credit Risk, Policy [Policy Text Block]	Concentration We had fourteen and fifteen parking operators during the years ended December 31, 2023 2022, December 31, 2023 2022, December 31, 2023 2022, In addition, we had concentrations in Cincinnati (19.4% and 19.2%), Detroit (10.3% and 12.5%), and Chicago (9.1% and 8.7%) based on gross book value of real estate as of December 31, 2023 2022, As of December 31, 2023 2022,
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 us (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, we will utilize several sources, including independent third may We allocate 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. We utilize 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 in our Consolidated Statements of Operations over the remaining term of the respective lease. If a tenant terminates its lease with us, the unamortized portion of any lease intangible is recognized over the shortened lease term.
Impairment or Disposal of Long-Lived Assets, Policy [Policy Text Block]	Impairment of Long-Lived Assets On a quarterly basis, we employ a multi-step approach to assess our real estate assets for possible impairment and record any impairment charges identified. The first first second third third At least annually, we review indefinite-lived intangible assets for indicators of impairment. We first not
Cash and Cash Equivalents, Restricted Cash and Cash Equivalents, Policy [Policy Text Block]	Cash, Cash Equivalents and Restricted Cash We consider all highly liquid investments purchased with an original maturity of three may may may, Restricted cash primarily consists of escrowed tenant improvement funds, real estate taxes, capital improvement funds, insurance premiums and other amounts required to be escrowed pursuant to loan agreements.
Lessor, Leases [Policy Text Block]	Leases The majority of our revenue is rental income derived from leases of our real estate assets. We account for our leases in accordance with ASC Topic 842, 842” A lease is determined to be an operating, sales-type, or direct financing lease using the criteria established in ASC 842. • if the lease transfers ownership of the underlying asset to the lessee by the end of the term; • if the lease grants the lessee an option to purchase the underlying asset that is reasonably certain to be exercised; • if the lease term is for the major part of the remaining economic life of the underlying asset; or • if the present value of the sum of the lease payments and any residual value guaranteed by the lessee equals or exceeds substantially all of the fair value of the underlying asset. If none Certain of our lease agreements provide for tenant reimbursements of property taxes and other operating expenses that are variable depending upon the applicable expenses incurred. These reimbursements are accrued as Base Rental Income in our Consolidated Statements of Operations in the period in which the applicable expenses are incurred. Certain assumptions and judgments are made in estimating the reimbursements at the end of each reporting period. We do not Lease receivables are reviewed each reporting period to determine whether or not not 842, may not December 31, 2023 2022.
Real Estate Held for Development and Sale, Policy [Policy Text Block]	Investments in Real Estate Investments in real estate are recorded at cost. Improvements and replacements are capitalized when they extend the useful life of the asset. Costs of repairs and maintenance are expensed as incurred. Depreciation is recognized on a straight-line method over the estimated useful lives of each asset type. We periodically assess the reasonableness of useful lives which generally have the following lives, by asset class: up to 40 years for buildings, 15 years for land improvements, five one
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 as General and Administrative in our Consolidated Statements of Operations 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. Fair value for our performance-based awards is calculated using the Monte Carlo method, which is intended to estimate the fair value of the awards using dividend yields, expected volatilities that are primarily based on available implied data and peer group companies’ historical data, and post-vesting restriction periods.
Income Tax, Policy [Policy Text Block]	Income Taxes Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases and net operating loss and tax credit carryforwards. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in operations in the period that includes the enactment date. Valuation allowances are established when management determines that it is more likely than not not We use a two first not second not not December 31, 2023 2022
Segment Reporting, Policy [Policy Text Block]	Reportable Segments Our principal business is the ownership, operation and management of parking facilities at a consolidated level. We do not
New Accounting Pronouncements, Policy [Policy Text Block]	Recently Issued Accounting Standards The following table provides a brief description of recent accounting pronouncements that could have a material effect on our consolidated financial statements: Standard Description Planned Date of Adoption Effect on Financial Statements or Other Significant Matters ASU 2023 07—Segment 280 The amendments improve reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. In addition, the amendments enhance interim disclosure requirements, clarify circumstances in which an entity can disclose multiple segment measures of profit or loss, provide new segment disclosure requirements for entities with a single reportable segment, and contain other disclosure requirements. December 31, 2024 We are currently evaluating the impact the adoption of this standard will have on our consolidated financial statements. ASU 2023 09—Income 740 The amendments require additional categories within the tax rate reconciliation and provide additional information on reconciling items that are 5% December 31, 2024 We are currently evaluating the impact the adoption of this standard will have on our disclosures.

Note C - Reverse Recapitaliza_2

Note C - Reverse Recapitalization (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Business Acquisitions by Acquisition, Equity Interest Issued or Issuable [Table Text Block]	Fair value of Series 2 Preferred Stock $ 66,700 Common stock issued in exchange for FWAC Class A and B 4,552 Less: Fair value of Earn-Out Shares issued (5,844 ) Less: Equity-allocated offering costs (11,685 ) Impact to Addition-Paid in Capital 53,723 Less: Non-cash Preferred Series 2 issuance expense (16,101 ) Earn-Out liability recognized 5,844 Less: Series 2 Preferred Stock dividend paid-in-kind recognized (4,600 ) Net cash proceeds $ 38,866

Note D - Acquisitions and Dis_2

Note D - Acquisitions and Dispositions of Investments in Real Estate (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Business Acquisitions, by Acquisition [Table Text Block]	Date Property # Size / Commercial Purchase Property Location Acquired Type Spaces Acreage Sq. Ft. Price 222 Sheridan Bricktown Garage LLC Oklahoma City, OK 6/7/2022 Garage 555 0.64 15,628 $ 17,513
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	Land and Building and In-Place Lease Total assets Improvements improvements Value acquired 222 Sheridan Bricktown Garage LLC $ 1,314 $ 16,020 $ 179 $ 17,513

Note E - Intangible Assets (Tab

Note E - Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Finite and Indefinite Intangible Assets [Table Text Block]	2023 2022 Gross carrying Accumulated Gross carrying Accumulated amount amortization amount amortization Acquired in-place leases $ 2,443 $ 1,845 $ 2,564 $ 1,621 Lease commissions 182 136 165 106 Indefinite lived contract 3,160 — 3,160 — Acquired technology and other 4,402 1,009 4,217 561 Total intangible assets $ 10,187 $ 2,990 $ 10,106 $ 2,288
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Acquired in-place leases Lease commissions Acquired Technology 2024 $ 291 $ 23 $ 481 2025 181 12 481 2026 102 7 481 2027 24 4 452 2028 — — 434 Thereafter — — 1,064

Note F - Notes Payable (Tables)

Note F - Notes Payable (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Debt [Table Text Block]	Original Debt Monthly Balance as Term Interest Loan Loan Amount Payment of 12/31/23 Lender (in Years) Rate Maturity MVP Memphis Poplar (3) $ 1,800 I/O $ 1,800 LoanCore 5 5.38% 3/6/2024 MVP St. Louis (3) $ 3,700 I/O $ 3,700 LoanCore 5 5.38% 3/6/2024 Mabley Place Garage, LLC $ 9,000 $ 44 $ 7,428 Barclays 10 4.25% 12/6/2024 322 Streeter Holdco LLC $ 25,900 $ 130 $ 24,672 American National Insurance Co. 5 * 3.50% 3/1/2025 MVP Houston Saks Garage, LLC $ 3,650 $ 20 $ 2,851 Barclays Bank PLC 10 4.25% 8/6/2025 Minneapolis City Parking, LLC $ 5,250 $ 29 $ 4,223 American National Insurance, of NY 10 4.50% 5/1/2026 MVP Bridgeport Fairfield Garage, LLC $ 4,400 $ 23 $ 3,531 FBL Financial Group, Inc. 10 4.00% 8/1/2026 West 9th Properties II, LLC $ 5,300 $ 30 $ 4,343 American National Insurance Co. 10 4.50% 11/1/2026 MVP Fort Worth Taylor, LLC $ 13,150 $ 73 $ 10,807 American National Insurance, of NY 10 4.50% 12/1/2026 MVP Detroit Center Garage, LLC $ 31,500 $ 194 $ 26,759 Bank of America 10 5.52% 2/1/2027 St. Paul Holiday Garage, LLC (1) $ 4,132 $ 24 $ 3,714 KeyBank 10 * 4.90% 5/1/2027 MVP St. Louis Washington, LLC (1) $ 1,380 $ 8 $ 1,241 KeyBank 10 * 4.90% 5/1/2027 Cleveland Lincoln Garage, LLC (1) $ 3,999 $ 23 $ 3,594 KeyBank 10 * 4.90% 5/1/2027 MVP Denver Sherman, LLC (1) $ 286 $ 2 $ 257 KeyBank 10 * 4.90% 5/1/2027 MVP Milwaukee Arena Lot, LLC (1) $ 2,142 $ 12 $ 1,925 KeyBank 10 * 4.90% 5/1/2027 MVP Denver 1935 Sherman, LLC (1) $ 762 $ 4 $ 684 KeyBank 10 * 4.90% 5/1/2027 MVP Louisville Broadway Station, LLC (2) $ 1,682 I/O $ 1,682 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Whitefront Garage, LLC (2) $ 6,454 I/O $ 6,454 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Houston Preston Lot, LLC (2) $ 1,627 I/O $ 1,627 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Houston San Jacinto Lot, LLC (2) $ 1,820 I/O $ 1,820 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St. Louis Broadway, LLC (2) $ 1,671 I/O $ 1,671 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St. Louis Seventh & Cerre, LLC (2) $ 2,057 I/O $ 2,057 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 MVP Indianapolis Meridian Lot, LLC (2) $ 938 I/O $ 938 Cantor Commercial Real Estate 10 ** 5.03% 5/6/2027 St Louis Cardinal Lot DST, LLC $ 6,000 I/O $ 6,000 Cantor Commercial Real Estate 10 5.25% 5/31/2027 MVP Preferred Parking, LLC $ 11,330 $ 66 $ 11,028 Key Bank 10 ** 5.02% 8/1/2027 Less unamortized loan issuance costs $ (426) $ 134,380
Schedule of Maturities of Long-Term Debt [Table Text Block]	2024 $ 10,564 2025 29,166 2026 22,789 2027 67,084 Thereafter 5,603 Total $ 135,206

Note H - Leases (Tables)

Note H - Leases (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Operating Lease, Lease Income [Table Text Block]	Year Ended December 31, Lease revenue 2023 2022 Fixed contractual payments $7,103 $7,107 Variable lease payments $23,100 $21,542 Straight-line rental income $70 $25
Lessor, Operating Lease, Payment to be Received, Maturity [Table Text Block]	Years Ending December 31, Future lease payments due 2024 $ 5,937 2025 $ 5,399 2026 $ 4,568 2027 $ 2,511 2028 $ 1,168 Thereafter $1,653

Note J - Stock-Based Compensa_2

Note J - Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Share-Based Payment Arrangement, Activity [Table Text Block]	Number of Incentive Equity Awards Weighted-Average Grant Date Fair Value Per Share Nonvested - January 1, 2022 — $ — Granted 2,673,041 8.44 Vested — — Forfeited — — Nonvested - January 1, 2023 2,673,041 $ 8.44 Granted 347,082 7.46 Vested (59,681 ) 9.40 Forfeited (135,320 ) 10.00 Nonvested - December 31, 2023 2,825,122 $ 8.22

Note L - Earnings Per Share (Ta

Note L - Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	2023 2022 Numerator: Net loss attributable to MIC $ (32,475 ) $ (11,119 ) Net loss attributable to participating securities — — Net loss attributable to MIC common stock $ (32,475 ) $ (11,119 ) Denominator: Basic and dilutive weighted average shares of Common Stock outstanding 13,244,388 13,089,848 Basic and diluted loss per weighted average common share: Basic and dilutive $ (2.45 ) $ (0.85 )

Note N - Income Taxes (Tables)

Note N - Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	2023 2022 Current Federal — — State 41 29 Total Current $ 41 $ 29 Deferred Federal — — State — — Total Deferred — — Total $ 41 $ 29
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	2023 2022 Tax at U.S. statutory rate 21.00 % 21.00 % State taxes, net of federal effect 2.13 % 2.29 % Non-Deductible Expenses (9.85 )% 0.89 % Change in Valuation Allowance (13.40 )% (24.54 )% Effective income tax rate — —
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Year Ended December 31, 2023 2022 Deferred Tax Assets: NOL Carryforward $ 17,522 $ 14,030 Intangible Assets 4,171 4,676 Investment in Operating Partnership 9,631 8,388 Gross deferred tax assets $ 31,324 $ 27,094 Less valuation allowance (31,324 ) (27,094 ) Total deferred tax assets $ — $ — Deferred Tax Liabilities: Straight-line Rent — — Total net deferred taxes $ — $ —

Note O - Fair Value (Tables)

Note O - Fair Value (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Fair Value Measurements, Recurring and Nonrecurring [Table Text Block]	December 31, 2023 December 31, 2022 Level 1 Level 2 Level 3 Level 1 Level 2 Level 3 Recurring Earn-out Shares - - 1,779 - - - Interest rate cap - 54 - - - - Nonrecurring Impaired real estate assets - - 50,536 - - -
Fair Value, Net Derivative Asset (Liability) Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]	Level 3 Liability Balance as of January 1, 2023 $ - Impact of the Merger (initial valuation) (5,844 ) Change in fair value recognized in earnings 4,065 Balance as of December 31, 2023 $ (1,779 )

Schedule III - Real Estate an_2

Schedule III - Real Estate and Accumulated Depreciation (Tables)	12 Months Ended
	Dec. 31, 2023
Notes Tables
Schedule of Real Estate Properties [Table Text Block]	Costs Capitalized Subsequent to Initial Cost Acquisition Gross Carrying Amount at December 31, 2023 (1) Life on which depr Accumulated in latest Land and Buildings and Carrying Land and Building and Depreciation Date statement is Description ST Encumbrance Improvements Improvements Improvements Costs Improvements Improvements Total (2) Acquired computed West 9th Street (3) OH $ 4,343 $ 5,675 $ — $ 302 -- $ 5,918 $ 59 $ 5,977 $ 79 2016 15 Crown Colony (3) OH — 3,030 — 19 -- 2,954 — 2,954 8 2016 15 Cincinnati Race Street OH — 2,142 2,358 1,900 -- 1,227 1,750 2,977 — 2016 39,15 St Louis Washington MO 1,241 3,000 — 7 -- 1,637 — 1,637 3 2016 15 St Paul Holiday Garage MN 3,714 1,673 6,527 690 -- 1,673 7,217 8,890 1,343 2016 39,15 Louisville Station KY 1,682 3,050 — 57 -- 3,007 — 3,007 25 2016 15 Whitefront Garage TN 6,454 3,116 8,380 199 -- 3,116 8,579 11,695 1,633 2016 39,15 Cleveland Lincoln Garage OH 3,594 2,195 5,122 5,181 -- 1,378 8,395 9,773 2,211 2016 39,15 Houston Preston TX 1,627 2,800 — 20 -- 2,820 — 2,820 9 2016 15 Houston San Jacinto TX 1,820 3,200 — 50 -- 3,250 — 3,250 21 2016 15 MVP Detroit Center Garage MI 26,759 7,000 48,000 1,060 -- 6,497 37,680 44,177 297 2017 39,15 St. Louis Broadway MO 1,671 2,400 — — -- 2,400 — 2,400 — 2017 N/A St. Louis Seventh & Cerre MO 2,057 3,300 — — -- 3,300 — 3,300 — 2017 N/A MVP Preferred Parking TX 11,028 15,800 4,700 720 -- 15,230 5,250 20,480 1,020 2017 39,15 MVP Raider Park Garage TX * 2,005 9,057 3,674 -- 2,005 12,731 14,736 2,182 2017 39,15 MVP PF Memphis Poplar 2013 TN 1,800 3,658 — 24 -- 3,670 12 3,682 21 2017 15 MVP PF St. Louis 2013 MO 3,700 5,041 — — -- 5,041 — 5,041 44 2017 15 Mabley Place Garage OH 7,428 1,585 19,018 1,037 -- 1,360 17,280 18,640 2,819 2017 39,15 MVP Denver Sherman CO 257 705 — — -- 705 — 705 — 2017 N/A MVP Fort Worth Taylor TX 10,807 2,845 24,405 5 -- 2,845 24,410 27,255 3,798 2017 39,15 MVP Milwaukee Old World WI — 2,003 — 8 -- 2,003 8 2,011 29 2017 15 MVP Houston Saks Garage TX 2,851 4,931 5,221 177 -- 3,712 4,116 7,828 713 2017 39,15 MVP Milwaukee Wells WI * 4,994 — — -- 4,374 — 4,374 99 2017 15 MVP Indianapolis City Park IN * 2,056 8,557 114 -- 2,056 8,671 10,727 1,375 2017 39,15 MVP Indianapolis WA Street Lot IN * 5,618 — — -- 1,864 — 1,864 — 2017 15 MVP Minneapolis Venture MN — 4,013 — 109 -- 4,013 108 4,121 8 2017 N/A MVP Indianapolis Meridian Lot IN 938 1,573 — — -- 1,523 — 1,523 8 2017 15 MVP Milwaukee Clybourn WI — 257 — — -- 257 — 257 4 2017 15 MVP Milwaukee Arena WI 1,925 4,631 — 52 -- 4,641 42 4,683 3 2017 N/A MVP Clarksburg Lot WV — 701 — — -- 611 — 611 4 2017 15 MVP Denver 1935 Sherman CO 684 2,533 — — -- 2,533 — 2,533 — 2017 N/A MVP Bridgeport Fairfield Garage CT 3,531 498 7,555 51 -- 498 7,606 8,104 1,232 2017 39,15 Minneapolis City Parking MN 4,223 9,633 — — -- 7,513 — 7,513 120 2017 15 MVP New Orleans Rampart LA * 8,105 — — -- 7,835 — 7,835 — 2018 N/A MVP Hawaii Marks HI * 9,119 11,715 421 -- 8,571 11,435 20,006 1,715 2018 39,15 1W7 Carpark OH * 2,995 28,762 39 -- 2,995 28,801 31,796 1,732 2021 39,15 222W7 OH * 4,391 23,879 99 -- 4,391 23,978 28,369 1,443 2021 39 322 Streeter IL 24,672 11,387 27,035 450 -- 11,387 27,485 38,872 1,665 2021 39 2nd Street FL — 93 — — -- 93 — 93 — 2021 N/A Denver 1725 Champa Street Garage CO * 7,414 8,860 422 -- 7,414 9,282 16,696 529 2021 39 Bricktown OK * 1,314 16,020 32 -- 1,314 16,052 17,366 654 2022 39 MVP St. Louis Cardinal Lot DST MO 6,000 11,660 19 — -- 11,660 19 11,679 2 2017 N/A $ 134,806 $ 174,139 $ 265,190 $ 16,919 $ — $ 161,291 $ 260,966 $ 422,257 $ 26,848
SEC Schedule III, Reconciliation of Carrying Amount of Real Estate Investments [Table Text Block]	2023 2022 Balance at beginning of period $ 439,526 $ 420,603 Additions during period: Acquisitions — 17,334 Improvements 1,988 2,289 Deductions during period: Dispositions (696 ) (700 ) Impairments (18,561 ) — Balance at close of period $ 422,257 $ 439,526
SEC Schedule III, Reconciliation of Real Estate Accumulated Depreciation [Table Text Block]	2023 2022 Balance at beginning of period $ 28,763 $ 21,348 Deductions during period: — Impairments (9,605 ) — Depreciation of real estate 7,690 7,415 Balance at close of period $ 26,848 $ 28,763

Note A - Organization and Bus_2

Note A - Organization and Business Operations (Details Textual)		12 Months Ended
	Aug. 25, 2023 $ / shares shares	Dec. 31, 2023 USD ($) ft² $ / shares	Dec. 31, 2022 USD ($) $ / shares	Aug. 29, 2023 $ / shares shares	Aug. 24, 2023 $ / shares	Jun. 15, 2023 USD ($) $ / shares shares	Aug. 25, 2021 $ / shares shares
Number of Parking Facilities		43
Number of Parking Spaces		15,700
Area of Real Estate Property (Square Foot) | ft²		5,400,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares					$ 0.0001
Series 2 Preferred Stock [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares		$ 0.0001	$ 0.0001
Shares Issued, Price Per Share (in dollars per share) | $ / shares	$ 1,000
Preferred Stock, Convertible, Shares Issuable, Including Accrued Dividends (in shares)	13,787,464					13,787,462
Preferred Stock, Convertible, Shares Issuable, Accrued Dividends (in shares)						1,253,404
Color Up to Purchase Common Stock Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	2,553,192			2,553,192			1,702,128
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 7.83			$ 7.83			$ 11.75
Series 2 Preferred Stock to be Converted into Common Shares [Member] | Scenario, Plan [Member]
Preferred Stock, Shares Subscribed but Unissued (in shares)						46,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share) | $ / shares						$ 0.0001
Shares Issued, Price Per Share (in dollars per share) | $ / shares						$ 1,000
Preferred Stock, Value, Subscriptions | $						$ 46,000,000
Merger With FWAC [Member] | Series 2 Preferred Stock [Member]
Business Combination, Acquisition Related Costs | $		$ 16,101,000
Merger With FWAC [Member] | Conversion of FWAC Class A Share into New MIC Common Stock [Member]
Business Acquisition, Conversion of Stock, Conversion Ratio	1
Business Acquisition, Conversion of Stock, Share Issued Per Share Converted (in shares)	1
Merger With FWAC [Member] | Conversion of Common Stock into New MIC Common Stock [Member]
Business Acquisition, Conversion of Stock, Conversion Ratio	1.5
Business Acquisition, Conversion of Stock, Share Issued Per Share Converted (in shares)	1
Merger With FWAC [Member] | Conversion of Preferred Stock into New MIC Series 1 and Series A Preferred Stock [Member]
Business Acquisition, Conversion of Stock, Share Issued Per Share Converted (in shares)	1
MIT Merger Agreement [Member] | Organizational, Offering and Other Costs [Member]
Business Combination, Acquisition Related Costs | $			$ 4,600,000
OP Units [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	51%
OP Units [Member] | Mobile Infra Operating Partnership, L.P [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	39.50%
OP Units [Member] | Color Up, LLC [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest	9.50%
Retail Site [Member]
Area of Real Estate Property (Square Foot) | ft²		200

Note B - Summary of Significa_2

Note B - Summary of Significant Accounting Policies (Details Textual) $ in Thousands	1 Months Ended	12 Months Ended
	Feb. 29, 2024 USD ($)	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Debt, Current		$ 96,300
Long-Term Line of Credit		58,523	$ 72,731
Notes Payable		$ 134,380	$ 146,948
Number of Parking Tenants or Operators		14	15
Unrecognized Tax Benefits		$ 0	$ 0
Building [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		39 years
Building [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		40 years
Land Improvements [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		15 years
Furniture and Fixtures [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		5 years
Tenant Improvements and Leasehold Interests [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		20 years
Tenant Improvements and Leasehold Interests [Member] | Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)		1 year
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, SP+Corporation [Member]
Concentration Risk, Percentage		61.30%	60.50%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, Premier Parking Service, LLC [Member]
Concentration Risk, Percentage		12.10%	12.40%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Cincinnati [Member]
Concentration Risk, Percentage		19.40%	19.20%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Detroit [Member]
Concentration Risk, Percentage		10.30%	12.50%
Real Estate Owned [Member] | Geographic Concentration Risk [Member] | Chicago [Member]
Concentration Risk, Percentage		9.10%	8.70%
Accounts Receivable [Member] | Customer Concentration Risk [Member] | Parking Facilities, Operator, SP+Corporation [Member]
Concentration Risk, Percentage		60.10%	59.20%
Subsequent Event [Member]
Debt, Current	$ 90,800
Short-Term Debt, Refinanced, Amount	5,500
Long-Term Line of Credit	58,700
Notes Payable	$ 32,100

Note C - Reverse Recapitaliza_3

Note C - Reverse Recapitalization (Details Textual)	Aug. 29, 2023 $ / shares shares	Aug. 25, 2023 USD ($) $ / shares shares	Dec. 31, 2023 USD ($) shares	Jun. 15, 2023 shares	Dec. 31, 2022 USD ($) shares	Aug. 25, 2021 $ / shares shares
Common Stock, Shares, Outstanding (in shares)		13,089,848	27,858,539		13,089,848
Dividends Payable | $			$ 2,752,000		$ 3,000,000
Color Up to Purchase Common Stock Warrants [Member]
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share) | $ / shares	$ 7.83	$ 7.83				$ 11.75
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	2,553,192	2,553,192				1,702,128
Merger With FWAC [Member] | Earnout Shares [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)		1,900,000
Business Combination, Contingent Consideration, Liability | $		$ 5,800,000
Deferred Offering Costs | $		$ 900,000
Merger With FWAC [Member] | Conversion of FWAC Class A Share into New MIC Common Stock [Member]
Business Acquisition, Conversion of Stock, Conversion Ratio		1
Business Acquisition, Conversion of Stock, Share Issued Per Share Converted (in shares)		1
Merger With FWAC [Member] | Conversion of Common Stock into New MIC Common Stock [Member]
Business Acquisition, Conversion of Stock, Conversion Ratio		1.5
Business Acquisition, Conversion of Stock, Share Issued Per Share Converted (in shares)		1
Merger With FWAC [Member] | Conversion of Preferred Stock into New MIC Series 1 and Series A Preferred Stock [Member]
Business Acquisition, Conversion of Stock, Share Issued Per Share Converted (in shares)		1
Series 2 Preferred Stock [Member]
Stock Issued During Period, Shares, New Issues (in shares)		46,000
Shares Issued, Price Per Share (in dollars per share) | $ / shares		$ 1,000
Stock Issued During Period, Value, New Issues | $		$ 46,000,000
Preferred Stock, Shares Outstanding (in shares)		46,000		46,000
Preferred Stock, Fair Value, Including Dividends | $		$ 66,700,000
Preferred Stock, Fair Value Per Share (in dollars per share) | $ / shares		$ 4.84
Preferred Stock, Convertible, Shares Issuable, Including Accrued Dividends (in shares)		13,787,464		13,787,462
Dividends Payable | $		$ 4,600,000
Proceeds from Issuance of Preferred Stock and Preference Stock | $		$ 46,000,000
Series1 Preferred Stock [Member]
Preferred Stock, Shares Outstanding (in shares)		39,811	36,677		39,811
Series A Preferred Stock [Member]
Preferred Stock, Shares Outstanding (in shares)		2,862	2,812		2,862
Dividends Payable | $			$ 800,000		$ 600,000
OP Units [Member]
Partners' Capital Account, Units, Contributed (in shares)	156,138
Partners' Capital Account, Units, Converted (in shares)	638,298
Limited Partners' Capital Account, Units Outstanding (in shares)	13,089,848
OP Units [Member] | Operating Partnership [Member]
Percentage of Outstanding Shares	48.40%
Limited Partners' Capital Account, Units Outstanding (in shares)	27,041,813
OP Units [Member] | HS3 [Member]
Partners' Capital Account, Units, Contributed (in shares)	638,298
Partners' Capital Account, Units, Converted (in shares)	156,138
Performance Units [Member] | Operating Partnership [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares)	2,250,000
LTIP Units [Member] | Operating Partnership [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Outstanding, Number (in shares)	660,329
FWAC [Member] | Common Class A [Member]
Stock Redeemed or Called During Period, Shares (in shares)		27,080,715
Percentage of Outstanding Shares		95.30%
Stock Redeemed or Called During Period, Value | $		$ 279,018,123
FWAC [Member] | Common Class B [Member]
Stock Repurchased and Retired During Period, Shares (in shares)		4,855,000

Note C - Reverse Recapitaliza_4

Note C - Reverse Recapitalization - Elements of the Merger (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Fair value of Series 2 Preferred Stock	$ 53,723
Common stock issued in exchange for FWAC Class A and B	53,723
Merger With FWAC [Member]
Less: Fair value of Earn-Out Shares issued	(5,844)
Less: Equity-allocated offering costs	(11,685)
Impact to Addition-Paid in Capital	53,723
Net cash proceeds	38,866
Merger With FWAC [Member] | Earnout Shares [Member]
Liabilities recognized	5,844
Liabilities recognized	(5,844)
Merger With FWAC [Member] | Series1 Preferred Stock [Member]
Fair value of Series 2 Preferred Stock	66,700
Common stock issued in exchange for FWAC Class A and B	66,700
Merger With FWAC [Member] | Common Stock [Member]
Fair value of Series 2 Preferred Stock	4,552
Common stock issued in exchange for FWAC Class A and B	4,552
Merger With FWAC [Member] | Series 2 Preferred Stock [Member]
Less: Non-cash Preferred Series 2 issuance expense	(16,101)
Liabilities recognized	4,600
Liabilities recognized	$ (4,600)

Note D - Acquisitions and Dis_3

Note D - Acquisitions and Dispositions of Investments in Real Estate (Details Textual) - USD ($) $ in Thousands			12 Months Ended
	Feb. 28, 2023	Sep. 01, 2022	Dec. 31, 2023	Dec. 31, 2022	Feb. 28, 2024
Proceeds from Sale, Real Estate, Other, Held-for-Investment			$ 1,475	$ 650
Gains (Losses) on Sales of Other Real Estate			$ 660	$ (52)
Cincinnati Race Street [Member] | Subsequent Event [Member]
Disposal Group, Including Discontinued Operation, Consideration					$ 3,150
Financing Receivables, Interest Rate, Stated Percentage					8%
Receivable with Imputed Interest, Face Amount					$ 3,150
Financing Receivables, Term (Month)					24 months
Parking Lot in Wildwood, NJ [Member]
Proceeds from Sale, Real Estate, Other, Held-for-Investment	$ 1,500
Gains (Losses) on Sales of Other Real Estate	700
Proceeds from Sale of Other Real Estate Held-for-investment, Net	$ 300
Parking Lot in Canton, Ohio [Member]
Proceeds from Sale, Real Estate, Other, 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

Note D - Acquisitions and Dis_4

Note D - Acquisitions and Dispositions of Investments in Real Estate - Parking Asset Acquisitions (Details) - Two22 Sheridan Bricktown Garage [Member] $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) ft² a
Number of space	555
Property size (Acre) | a	0.64
Retail size (Square Foot) | ft²	15,628
Purchase price | $	$ 17,513

Note D - Acquisitions and Dis_5

Note D - Acquisitions and Dispositions of Investments in Real Estate - Allocated Acquisition Value of All Properties Acquired (Details) - Two22 Sheridan Bricktown Garage [Member] $ in Thousands	Dec. 31, 2022 USD ($)	[1]
Total asset acquired	$ 17,513
Leases, Acquired-in-Place [Member]
Intangible asset	179
Land and Land Improvements [Member]
PPE	1,314
Building and Building Improvements [Member]
PPE	$ 16,020
[1]The in-place lease asset has a life of 5 years and is included in intangible assets on the consolidated balance sheet.

Note E - Intangible Assets (Det

Note E - Intangible Assets (Details Textual) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Amortization of Intangible Assets	$ 0.8	$ 0.8

Note E - Intangible Assets - Sc

Note E - Intangible Assets - Schedule of Intangible Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Finite-lived intangible assets, accumulated amortization	$ 2,990	$ 2,288
Total intangible assets	10,187	10,106
Contract [Member]
Indefinite lived contract	3,160	3,160
Leases, Acquired-in-Place [Member]
Finite-lived intangible assets	2,443	2,564
Finite-lived intangible assets, accumulated amortization	1,845	1,621
Lease Commissions [Member]
Finite-lived intangible assets	182	165
Finite-lived intangible assets, accumulated amortization	136	106
Technology-Based Intangible Assets [Member]
Finite-lived intangible assets	4,402	4,217
Finite-lived intangible assets, accumulated amortization	$ 1,009	$ 561

Note E - Intangible Assets - _2

Note E - Intangible Assets - Schedule of Future Amortization and Accretion of Acquired Intangible Assets (Details) $ in Thousands	Dec. 31, 2023 USD ($)
Leases, Acquired-in-Place [Member]
Expected Amortization, 2024	$ 291
Expected Amortization, 2025	181
Expected Amortization, 2026	102
Expected Amortization, 2027	24
Expected Amortization, 2028	0
Expected Amortization, Thereafter	0
Lease Commissions [Member]
Expected Amortization, 2024	23
Expected Amortization, 2025	12
Expected Amortization, 2026	7
Expected Amortization, 2027	4
Expected Amortization, 2028	0
Expected Amortization, Thereafter	0
Technology-Based Intangible Assets [Member]
Expected Amortization, 2024	481
Expected Amortization, 2025	481
Expected Amortization, 2026	481
Expected Amortization, 2027	452
Expected Amortization, 2028	434
Expected Amortization, Thereafter	$ 1,064

Note F - Notes Payable (Details

Note F - Notes Payable (Details Textual) - USD ($)	Sep. 06, 2023	Feb. 28, 2024	Dec. 31, 2023	Dec. 31, 2022	May 06, 2017	May 01, 2017
Restricted Cash			$ 5,577,000	$ 5,216,000
Vestin Realty Mortgage II, Inc [Member]
Repayments of Debt	$ 9,900,000
Promissory Note to KeyBank [Member]
Debt Instrument, Face Amount						$ 12,700,000
Promissory Note to Cantor Commercial Real Estate Lending, LP [Member]
Debt Instrument, Face Amount					$ 16,250,000
Loan to MVP St. Louis and MVP Memphis Poplar [Member] | Subsequent Event [Member]
Debt Instrument, Face Amount		$ 5.9
Debt Instrument, Interest Rate, Stated Percentage		7.94%
Debt Instruments Failing to Meet Covenants [Member]
Long-Term Debt, Gross			38,200,000
Restricted Cash			$ 800,000

Note F - Notes Payable and Payc

Note F - Notes Payable and Paycheck Protection Program Loan - Principal Balances on Notes Payable (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Debt balance, net	$ 135,206
Notes Payable [Member]
Less unamortized loan issuance costs	(426)
Notes Payable and Paycheck Protection Program Loan [Member]
Debt balance, net	134,380
MVP Memphis Poplar [Member] | Notes Payable [Member]
Original debt amount	1,800	[1]
Debt balance	$ 1,800	[1]
Interest rate	5%	[1]
MVP St Louis [Member] | Notes Payable [Member]
Original debt amount	$ 3,700	[1]
Debt balance	$ 3,700	[1]
Interest rate	5%	[1]
Mabley Place Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 9,000
Debt balance	$ 7,428
Interest rate	10%
Monthly payment	$ 44
The 322 Streeter Holdco LLC [Member] | Notes Payable [Member]
Original debt amount	25,900
Debt balance	$ 24,672
Interest rate	5%	[2]
Monthly payment	$ 130
MVP Houston Saks Garage LLC [Member] | Notes Payable [Member]
Original debt amount	3,650
Debt balance	$ 2,851
Interest rate	10%
Monthly payment	$ 20
Minneapolis City Parking LLC [Member] | Notes Payable [Member]
Original debt amount	5,250
Debt balance	$ 4,223
Interest rate	10%
Monthly payment	$ 29
MVP Bridgeport Fairfield Garage LLC [Member] | Notes Payable [Member]
Original debt amount	4,400
Debt balance	$ 3,531
Interest rate	10%
Monthly payment	$ 23
West 9th Properties II LLC [Member] | Notes Payable [Member]
Original debt amount	5,300
Debt balance	$ 4,343
Interest rate	10%
Monthly payment	$ 30
MVP Fort Worth Taylor LLC [Member] | Notes Payable [Member]
Original debt amount	13,150
Debt balance	$ 10,807
Interest rate	10%
Monthly payment	$ 73
MVP Detroit Center Garage LLC [Member] | Notes Payable [Member]
Original debt amount	31,500
Debt balance	$ 26,759
Interest rate	10%
Monthly payment	$ 194
St Paul Holiday Garage LLC [Member] | Notes Payable [Member]
Original debt amount	4,132	[3]
Debt balance	$ 3,714	[3]
Interest rate	10%	[2],[3]
Monthly payment	$ 24	[3]
MVP St Louis Washington LLC [Member] | Notes Payable [Member]
Original debt amount	1,380	[3]
Debt balance	$ 1,241	[3]
Interest rate	10%	[2],[3]
Monthly payment	$ 8	[3]
Cleveland Lincoln Garage LLC [Member] | Notes Payable [Member]
Original debt amount	3,999	[3]
Debt balance	$ 3,594	[3]
Interest rate	10%	[2],[3]
Monthly payment	$ 23	[3]
MVP Denver Sherman LLC [Member] | Notes Payable [Member]
Original debt amount	286	[3]
Debt balance	$ 257	[3]
Interest rate	10%	[2],[3]
Monthly payment	$ 2	[3]
MVP Milwaukee Arena Lot LLC [Member] | Notes Payable [Member]
Original debt amount	2,142	[3]
Debt balance	$ 1,925	[3]
Interest rate	10%	[2],[3]
Monthly payment	$ 12	[3]
MVP Denver 1935 Sherman LLC [Member] | Notes Payable [Member]
Original debt amount	762	[3]
Debt balance	$ 684	[3]
Interest rate	10%	[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	10%	[4],[5]
MVP Whitefront Garage LLC [Member] | Notes Payable [Member]
Original debt amount	$ 6,454	[4]
Debt balance	$ 6,454	[4]
Interest rate	10%	[4],[5]
MVP Houston Preston Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,627	[4]
Debt balance	$ 1,627	[4]
Interest rate	10%	[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	10%	[4],[5]
St Louis Broadway LLC [Member] | Notes Payable [Member]
Original debt amount	$ 1,671	[4]
Debt balance	$ 1,671	[4]
Interest rate	10%	[4],[5]
St Louis Seventh Cerre LLC [Member] | Notes Payable [Member]
Original debt amount	$ 2,057	[4]
Debt balance	$ 2,057	[4]
Interest rate	10%	[4],[5]
MVP Indianapolis Meridian Lot LLC [Member] | Notes Payable [Member]
Original debt amount	$ 938	[4]
Debt balance	$ 938	[4]
Interest rate	10%	[4],[5]
St Louis Cardinal Lot DST LLC [Member] | Notes Payable [Member]
Original debt amount	$ 6,000
Debt balance	$ 6,000
Interest rate	10%	[5]
MVP Preferred Parking LLC [Member] | Notes Payable [Member]
Original debt amount	$ 11,330
Debt balance	$ 11,028
Interest rate	10%	[5]
Monthly payment	$ 66
[1]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

Note F - Notes Payable - Future

Note F - Notes Payable - Future Principal Payments (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 10,564
2025	29,166
2026	22,789
2027	67,084
Thereafter	5,603
Total	$ 135,206

Note G - Revolving Credit Fac_2

Note G - Revolving Credit Facility and Interest Rate Cap (Details Textual) - USD ($) $ in Thousands			12 Months Ended
	Aug. 25, 2023	Mar. 29, 2022	Dec. 31, 2023	Mar. 01, 2024	Feb. 29, 2024	Dec. 13, 2023	Aug. 31, 2023	Dec. 31, 2022
Long-Term Line of Credit			$ 58,523					$ 72,731
Interest Rate Cap [Member] | Not Designated as Hedging Instrument [Member]
Derivative Liability							$ 200
Derivative, Notional Amount							$ 58,700
Derivative, Fixed Interest Rate							4.90%
Fair Value Adjustment of Derivatives			$ 200
Subsequent Event [Member]
Long-Term Line of Credit					$ 58,700
Credit Agreement [Member] | Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member] | Subsequent Event [Member]
Debt Instrument, Interest Rate, Stated Percentage				3.50%
Credit Agreement [Member] | KeyBanc Capital Markets [Member]
Line of Credit Facility, Maximum Borrowing Capacity	$ 58,700	$ 75,000
Debt Instrument, Covenant, Maximum Leverage Ratio		65%
Long-Term Line of Credit								$ 73,700
Extinguishment of Debt, Amount	15,000
Debt Instrument, Covenant, Minimum Unencumbered Cash	7,000
Deferred Debt Issuance Cost, Writeoff	$ 100
Debt Instrument, Unamortized Discount (Premium) and Debt Issuance Costs, Net						$ 200
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%

Note H - Leases (Details Textua

Note H - Leases (Details Textual) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Operating Lease, Expense	$ 0

Note H - Leases - Components of

Note H - Leases - Components of Lease Revenue (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Fixed contractual payments	$ 7,103	$ 7,107
Variable lease payments	23,100	21,542
Straight-line rental income	$ 70	$ 25

Note H - Leases - Future Fixed

Note H - Leases - Future Fixed Contractual Lease Payments to be Received (Details) $ in Thousands	Dec. 31, 2023 USD ($)
2024	$ 5,937
2025	5,399
2026	4,568
2027	2,511
2028	1,168
Thereafter	$ 1,653

Note I - Equity (Details Textua

Note I - Equity (Details Textual) - USD ($)						12 Months Ended	45 Months Ended
	Aug. 29, 2023	Aug. 25, 2023	Jun. 15, 2023	Nov. 02, 2021	Mar. 31, 2018	Dec. 31, 2023	Dec. 31, 2023	Aug. 24, 2023	Dec. 31, 2022	Aug. 25, 2021
Common Stock, Shares Authorized (in shares)						500,000,000	500,000,000	500,000,000	500,000,000
Common Stock, Par or Stated Value Per Share (in dollars per share)						$ 0.0001	$ 0.0001	$ 0.0001	$ 0.0001
Preferred Stock, Shares Authorized (in shares)								100,000,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)								$ 0.0001
Dividends Payable						$ 2,752,000	$ 2,752,000		$ 3,000,000
Purchase Agreement With Company, Operating Partnership, and HSCP Strategic III, L.P. [Member]
Limited Partnership Purchase Agreement, Consideration Transferred				$ 20,000,000
Color Up to Purchase Common Stock Warrants [Member]
Class of Warrant or Right, Number of Securities Called by Warrants or Rights (in shares)	2,553,192	2,553,192								1,702,128
Class of Warrant or Right, Exercise Price of Warrants or Rights (in dollars per share)	$ 7.83	$ 7.83								$ 11.75
Class of Warrant or Right, Maximum Aggregate Cash Purchase Price Allowed										$ 20,000,000
Series A Preferred Stock Converted to Common Stock [Member]
Conversion of Stock, Shares Converted (in shares)						50
Conversion of Stock, Shares Issued (in shares)						14,000
Series1 Preferred Stock Converted to Common Stock [Member]
Conversion of Stock, Shares Converted (in shares)						3,100
Conversion of Stock, Shares Issued (in shares)						1,000,000
Series 2 Preferred Stock to be Converted into Common Shares [Member] | Scenario, Plan [Member]
Preferred Stock, Par or Stated Value Per Share (in dollars per share)			$ 0.0001
Preferred Stock, Dividend Rate, Percentage			10%
Preferred Stock, Shares Subscribed but Unissued (in shares)			46,000
Shares Issued, Price Per Share (in dollars per share)			$ 1,000
Preferred Stock, Value, Subscriptions			$ 46,000,000
Merger With FWAC [Member] | Earnout Shares [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)		1,900,000
Merger With FWAC [Member] | Earn-out Shares for December 31, 2026 Threshhold [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)		950,000
Business Combination, Contingent Consideration Arrangements, Share Price Threshold (in dollars per share)		$ 13
Merger With FWAC [Member] | Earnout Shares for December 31, 2028 Threshold [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares)		950,000
Business Combination, Contingent Consideration Arrangements, Share Price Threshold (in dollars per share)		$ 16
Series 1 Convertible Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)								97,000
Preferred Stock, Distributions Declared, Value						$ 16,100,000	16,100,000
Dividends, Preferred Stock							6,400,000
Dividends Payable						$ 9,700,000	$ 9,700,000		$ 7,900,000
Series 1 Convertible Redeemable Preferred Stock [Member] | Maximum [Member]
Preferred Stock, Dividend Rate, Percentage						7%
Series 1 Convertible Redeemable Preferred Stock [Member] | Minimum [Member]
Preferred Stock, Dividend Rate, Percentage						5.50%
Series A Convertible Redeemable Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)								50,000
Preferred Stock, Dividend Rate, Percentage					7.50%
Series 2 Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)						60,000	60,000	60,000	60,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)						$ 0.0001	$ 0.0001		$ 0.0001
Preferred Stock, Dividend Rate, Percentage			10%
Dividends Payable		$ 4,600,000
Shares Issued, Price Per Share (in dollars per share)		$ 1,000
Preferred Stock, Liquidation Preference Per Share (in dollars per share)			$ 1,000
Preferred Stock, Convertible, Conversion Price (in dollars per share)			$ 3.67
Preferred Stock, Shares Outstanding (in shares)		46,000	46,000
Preferred Stock, Convertible, Shares Issuable, Including Accrued Dividends (in shares)		13,787,464	13,787,462
Preferred Stock, Convertible, Shares Issuable (in shares)			12,534,058
Preferred Stock, Convertible, Shares Issuable, Accrued Dividends (in shares)			1,253,404
Series A Preferred Stock [Member]
Preferred Stock, Shares Authorized (in shares)						50,000	50,000		50,000
Preferred Stock, Par or Stated Value Per Share (in dollars per share)						$ 0.0001	$ 0.0001		$ 0.0001
Preferred Stock, Distributions Declared, Value						$ 1,400,000	$ 1,400,000
Dividends, Preferred Stock							600,000
Dividends Payable						$ 800,000	$ 800,000		$ 600,000
Preferred Stock, Shares Outstanding (in shares)		2,862				2,812	2,812		2,862
OP Units [Member]
Partners' Capital Account, Units, Contributed (in shares)	156,138
Partners' Capital Account, Units, Converted (in shares)	638,298
Share Price (in dollars per share)	$ 10.37
Equity Units, Outstanding, Total (in shares)						42,000,000
OP Units [Member] | Purchase Agreement With Company, Operating Partnership, and HSCP Strategic III, L.P. [Member]
Limited Partners' Capital Account, Units Issued (in shares)				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
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)		638,298		425,532
Limited Partner, Option to Purchase Units, Price Per Share (in dollars per share)		$ 7.83

Note J - Stock-Based Compensa_3

Note J - Stock-Based Compensation (Details Textual) - USD ($) $ / shares in Units, $ in Millions			1 Months Ended				12 Months Ended
	Feb. 28, 2023	May 27, 2022	Jan. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Aug. 31, 2022	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)							59,681
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)				$ 8.22			$ 8.22	$ 8.44	$ 0
Share-Based Payment Arrangement, Expense							$ 8.6	$ 2.5
LTIP Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)								0
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)	$ 8.99
LTIP Units [Member] | Mr. Chavez [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)	200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Vested in Period (in shares)	35,600
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
LTIP Units [Member] | Mr. Chavez [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)			$ 3.84
LTIP Units [Member] | Mr. Chavez [Member] | Subsequent Event [Member] | Salary for 2021 and 2023 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			300,000
LTIP Units [Member] | Mr. Chavez [Member] | Subsequent Event [Member] | Salary for 2024 [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			200,000
LTIP Units [Member] | Executives [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)						400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)						$ 15
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Forfeitures (in shares)					100,000
Share-Based Payment Arrangement, Expense					$ 1.4
LTIP Units [Member] | Executives [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			400,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			3 years
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)			$ 3.84
LTIP Units [Member] | Executives [Member] | Subsequent Event [Member] | Monte Carlo Method [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			100,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)			$ 6.11
LTIP Units [Member] | Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)							39,100	14,500
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)							3 years
LTIP Units [Member] | Ms. Hogue [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)	3 years
Restricted Stock Units (RSUs) [Member] | Executives [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			200,000
Restricted Stock Units (RSUs) [Member] | Executives [Member] | Subsequent Event [Member] | Monte Carlo Method [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			100,000
Restricted Stock Units (RSUs) [Member] | Non-Executives [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)				100,000
Restricted Stock Units (RSUs) [Member] | Director [Member] | Subsequent Event [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)			200,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Award Vesting Period (Year)			12 months
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)			$ 3.84
Performance Units [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award, Non-Option Equity Instruments, Granted (in shares)		2,300,000
Share-Based Compensation Arrangement by Share-Based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value (in dollars per share)		$ 5.97
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%
Performance Units [Member] | Vesting Subject to Market Condition [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount				$ 3.3			$ 3.3
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Period for Recognition (Year)							1 year 2 months 12 days
Performance Units [Member] | Unlikely to Achieve Performance Target [Member]
Share-Based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount				$ 11.6			$ 11.6

Note J - Stock-based Compensa_4

Note J - Stock-based Compensation - Share-based Activity (Details) - $ / shares		12 Months Ended
	Feb. 28, 2023	Dec. 31, 2023	Dec. 31, 2022
Nonvested, number (in shares)		2,673,041	0
Balance, weighted average grant fv per share (in dollars per share)		$ 8.44	$ 0
Granted, number (in shares)		347,082
Granted, weighted average grant fv per share (in dollars per share)		$ 7.46
Vested, number (in shares)		59,681
Vested, weighted average grant fv per share (in dollars per share)		$ 9.4
Forfeited, number (in shares)		135,320
Forfeited, weighted average grant fv per share (in dollars per share)		$ 10
Vested, number (in shares)		(59,681)
Forfeited, number (in shares)		(135,320)
Nonvested, number (in shares)		2,825,122	2,673,041
Balance, weighted average grant fv per share (in dollars per share)		$ 8.22	$ 8.44
LTIP Units [Member]
Granted, number (in shares)			2,673,041
Granted, weighted average grant fv per share (in dollars per share)			$ 8.44
Vested, number (in shares)			0
Vested, weighted average grant fv per share (in dollars per share)			$ 0
Forfeited, number (in shares)			0
Forfeited, weighted average grant fv per share (in dollars per share)			$ 0
Vested, number (in shares)			0
Forfeited, number (in shares)			0
Balance, weighted average grant fv per share (in dollars per share)	$ 8.99

Note K - Employee Benefit Plan

Note K - Employee Benefit Plan (Details Textual) - USD ($)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Defined Contribution Plan, Employer Matching Contribution, Percent of Match	100%
Defined Contribution Plan, Employer Matching Contribution, Percent of Employees' Gross Pay	6%
Employee Benefits and Share-Based Compensation	$ 109,000	$ 147,000

Note L - Earnings Per Share (De

Note L - Earnings Per Share (Details Textual) - shares shares in Millions	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount (in shares)	2.8	2.8

Note L - Earnings Per Share - S

Note L - Earnings Per Share - Schedule of Earnings Per Share Basic and Diluted (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Net loss attributable to MIC	$ (32,475)	$ (11,119)
Net loss attributable to participating securities	$ 0	$ 0
Basic and dilutive weighted average shares of Common Stock outstanding (in shares)	13,244,388	13,089,848
Basic and dilutive (in dollars per share)	$ (2.45)	$ (0.85)

Note M - Variable Interest En_2

Note M - Variable Interest Entities (Details Textual) $ in Thousands, ft² in Millions	9 Months Ended
	Dec. 31, 2023 USD ($) ft² a	Dec. 31, 2022 USD ($)
Area of Real Estate Property (Square Foot) | ft²	5.4
Number of Parking Spaces	15,700
Assets	$ 423,237	$ 436,113
Liabilities	$ 220,282	249,105
Cardinal Lot [Member]
Area of Real Estate Property (Square Foot) | a	2.56
Number of Parking Spaces	376
MVP St. Louise [Member]
Assets	$ 13,000	12,600
Liabilities	$ 6,600	$ 6,200
MVP St. Louise [Member]
Variable Interest Entity, Qualitative or Quantitative Information, Ownership Percentage	51%

Note N - Income Taxes (Details

Note N - Income Taxes (Details Textual) $ in Millions	Dec. 31, 2023 USD ($)
Domestic Tax Authority [Member]
Operating Loss Carryforwards	$ 73.8
Operating Loss Carryforwards, Not Subject to Expiration	65.2
Operating Loss Carryforwards, Subject to Expiration	8.6
State and Local Jurisdiction [Member]
Operating Loss Carryforwards	$ 44.1

Note N - Income Taxes - Provisi

Note N - Income Taxes - Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Federal	$ 0	$ 0
State	41	29
Total Current	41	29
Federal	0	0
State	0	0
Total Deferred	0	0
Total	$ 41	$ 29

Note N - Income Taxes - Reconci

Note N - Income Taxes - Reconciliation of Effective Income Tax Rate (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Tax at U.S. statutory rate	21%	21%
State taxes, net of federal effect	2.13%	2.29%
Non-Deductible Expenses	(9.85%)	0.89%
Change in Valuation Allowance	(13.40%)	(24.54%)
Effective income tax rate	0%	0%

Note N - Income Taxes - Deferre

Note N - Income Taxes - Deferred Tax Assets and Deferred Tax Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
NOL Carryforward	$ 17,522	$ 14,030
Intangible Assets	4,171	4,676
Investment in Operating Partnership	9,631	8,388
Gross deferred tax assets	31,324	27,094
Less valuation allowance	(31,324)	(27,094)
Total deferred tax assets	0	0
Straight-line Rent	0	0
Total net deferred taxes	$ 0	$ 0

Note O - Fair Value (Details Te

Note O - Fair Value (Details Textual) $ / shares in Units, $ in Thousands		12 Months Ended
	Aug. 25, 2023 $ / shares shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 USD ($)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		$ (4,065)	$ 0
Impairment of Real Estate		8,982	0
Merger With FWAC [Member] | Earnout Shares [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	1,900,000
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability		4,100
Merger With FWAC [Member] | Earnout Shares [Member] | Measurement Input, Price Volatility [Member] | Minimum [Member]
Business Combination, Contingent Consideration, Liability, Measurement Input	30
Merger With FWAC [Member] | Earnout Shares [Member] | Measurement Input, Price Volatility [Member] | Maximum [Member]
Business Combination, Contingent Consideration, Liability, Measurement Input	45
Merger With FWAC [Member] | Earn-out Shares for December 31, 2026 Threshhold [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	950,000
Business Combination, Contingent Consideration Arrangements, Share Price Threshold (in dollars per share) | $ / shares	$ 13
Merger With FWAC [Member] | Earnout Shares for December 31, 2028 Threshold [Member]
Business Acquisition, Equity Interest Issued or Issuable, Number of Shares (in shares) | shares	950,000
Business Combination, Contingent Consideration Arrangements, Share Price Threshold (in dollars per share) | $ / shares	$ 16
Fair Value, Inputs, Level 2 [Member]
Debt Instrument, Fair Value Disclosure		$ 182,900	$ 207,400

Note O - Fair Value - Fair Valu

Note O - Fair Value - Fair Value Measurements (Details) - Fair Value, Nonrecurring [Member] - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Fair Value, Inputs, Level 1 [Member]
Business Combination, Contingent Consideration, Liability	$ 0	$ 0
Interest rate cap	0	0
Impaired real estate assets	0	0
Fair Value, Inputs, Level 2 [Member]
Business Combination, Contingent Consideration, Liability	0	0
Interest rate cap	54	0
Impaired real estate assets	0	0
Fair Value, Inputs, Level 3 [Member]
Business Combination, Contingent Consideration, Liability	1,779	0
Interest rate cap	0	0
Impaired real estate assets	$ 50,536	$ 0

Note O - Fair Value - Changes i

Note O - Fair Value - Changes in Fair Value (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Balance	$ 0
Impact of the Merger (initial valuation)	(5,844)
Change in fair value recognized in earnings	4,065
Balance	$ (1,779)

Note P - Commitments and Cont_2

Note P - Commitments and Contingencies (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Sep. 30, 2023	Sep. 18, 2023	Mar. 31, 2023	Jan. 31, 2023	Dec. 31, 2022
Cash	$ 11,134					$ 5,758
Asset Pledged as Collateral [Member] | Appeals Bond [Member]
Cash				$ 700
Complaint Against Legacy MIC Seeking Advancement of Indemnification Expenses [Member] | Pending Litigation [Member]
Loss Contingency, Estimate of Possible Loss			$ 1,200
Alleged Commission for Proposed Sale of Fort Worth Taylor Parking Facility [Member] | Pending Litigation [Member]
Loss Contingency, Estimate of Possible Loss					$ 700
Arbitration With One Vendor Regarding Disputes Over Amounts Payable [Member] | Pending Litigation [Member]
Loss Contingency, Estimate of Possible Loss		$ 1,800

Note Q - Related Party Transa_2

Note Q - Related Party Transactions and Arrangements (Details Textual) - USD ($)		12 Months Ended
	Aug. 25, 2021	Dec. 31, 2023	Dec. 31, 2022
Accounts Payable and Accrued Liabilities		$ 14,666,000	$ 19,484,000
Park Place Parking [Member]
Accounts Receivable, after Allowance for Credit Loss		100,000	100,000
Color Up and Certain Member Entities of Color Up [Member]
Accounts Receivable, after Allowance for Credit Loss			$ 156,000
Accounts Payable and Accrued Liabilities		0.5
Color Up and Certain Member Entities of Color Up [Member] | Tax Return Preparation Services [Member]
Related Party Transaction, Amounts of Transaction		$ 100,000
Affiliate of Bombe Asset Management LLC [Member]
License Fee, Monthly	$ 5,000

Schedule III - Real Estate an_3

Schedule III - Real Estate and Accumulated Depreciation (Details Textual) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate, Federal Income Tax Basis	$ 418,100
Real Estate Investments, Intangible Assets	10,187	$ 10,106
Construction in Progress, Gross	$ 273	$ 1,206
Building [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	39 years
Building [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	40 years
Building Improvements [Member] | Minimum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	1 year
Building Improvements [Member] | Maximum [Member]
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Life Used for Depreciation (Year)	20 years

Schedule III - Real Estate an_4

Schedule III - Real Estate and Accumulated Depreciation - Real Estate and Accumulated Depreciation (Details) - USD ($) $ in Thousands		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Encumbrances		$ 134,806
Initial Cost of Land		174,139
Initial Cost of Building and Improvements		265,190
Cost Capitalized Subsequent to Acquisition, Improvements		16,919
Land, Amount		161,291
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		260,966
Investment in Real Estate, Gross	[1]	422,257	$ 439,526	$ 420,603
Investment in Real Estate, Accumulated Depreciation		26,848	$ 28,763	$ 21,348
SEC Schedule, 12-28, Real Estate Companies, Investment in Real Estate and Accumulated Depreciation, Cost Capitalized Subsequent to Acquisition, Cost		0
West 9th Street [Member]
Encumbrances		4,343
Initial Cost of Land	[2],[3],[4],[5],[6]	5,675
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		302
Land, Amount		5,918
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		59
Investment in Real Estate, Gross		5,977
Investment in Real Estate, Accumulated Depreciation		$ 79
Life Used for Depreciation (Year)		15 years
Crown Colony [Member]
Encumbrances		$ 0
Initial Cost of Land		3,030
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		19
Land, Amount		2,954
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		2,954
Investment in Real Estate, Accumulated Depreciation		$ 8
Life Used for Depreciation (Year)		15 years
Cincinnati Race Street [Member]
Encumbrances		$ 0
Initial Cost of Land		2,142
Initial Cost of Building and Improvements		2,358
Cost Capitalized Subsequent to Acquisition, Improvements		1,900
Land, Amount		1,227
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		1,750
Investment in Real Estate, Gross		2,977
Investment in Real Estate, Accumulated Depreciation		0
St Louis Washington [Member]
Encumbrances		1,241
Initial Cost of Land		3,000
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		7
Land, Amount		1,637
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		1,637
Investment in Real Estate, Accumulated Depreciation		$ 3
Life Used for Depreciation (Year)		15 years
St Paul Holiday Garage [Member]
Encumbrances		$ 3,714
Initial Cost of Land		1,673
Initial Cost of Building and Improvements		6,527
Cost Capitalized Subsequent to Acquisition, Improvements		690
Land, Amount		1,673
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		7,217
Investment in Real Estate, Gross		8,890
Investment in Real Estate, Accumulated Depreciation		1,343
Louisville Station [Member]
Encumbrances		1,682
Initial Cost of Land		3,050
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		57
Land, Amount		3,007
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		3,007
Investment in Real Estate, Accumulated Depreciation		$ 25
Life Used for Depreciation (Year)		15 years
Whitefront Garage [Member]
Encumbrances		$ 6,454
Initial Cost of Land		3,116
Initial Cost of Building and Improvements		8,380
Cost Capitalized Subsequent to Acquisition, Improvements		199
Land, Amount		3,116
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		8,579
Investment in Real Estate, Gross		11,695
Investment in Real Estate, Accumulated Depreciation		1,633
Cleveland Lincoln Garage [Member]
Encumbrances		3,594
Initial Cost of Land		2,195
Initial Cost of Building and Improvements		5,122
Cost Capitalized Subsequent to Acquisition, Improvements		5,181
Land, Amount		1,378
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		8,395
Investment in Real Estate, Gross		9,773
Investment in Real Estate, Accumulated Depreciation		2,211
Houston Preston [Member]
Encumbrances		1,627
Initial Cost of Land		2,800
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		20
Land, Amount		2,820
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		2,820
Investment in Real Estate, Accumulated Depreciation		$ 9
Life Used for Depreciation (Year)		15 years
Houston San Jacinto [Member]
Encumbrances		$ 1,820
Initial Cost of Land		3,200
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		50
Land, Amount		3,250
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		3,250
Investment in Real Estate, Accumulated Depreciation		$ 21
Life Used for Depreciation (Year)		15 years
M V P Detroit Center Garage [Member]
Encumbrances		$ 26,759
Initial Cost of Land		7,000
Initial Cost of Building and Improvements		48,000
Cost Capitalized Subsequent to Acquisition, Improvements		1,060
Land, Amount		6,497
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		37,680
Investment in Real Estate, Gross		44,177
Investment in Real Estate, Accumulated Depreciation		297
St Louis Broadway [Member]
Encumbrances		1,671
Initial Cost of Land		2,400
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		2,400
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		2,400
Investment in Real Estate, Accumulated Depreciation		0
St Louis Seventh Cerre [Member]
Encumbrances		2,057
Initial Cost of Land		3,300
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		3,300
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		3,300
Investment in Real Estate, Accumulated Depreciation		0
M V P Preferred Parking [Member]
Encumbrances		11,028
Initial Cost of Land		15,800
Initial Cost of Building and Improvements		4,700
Cost Capitalized Subsequent to Acquisition, Improvements		720
Land, Amount		15,230
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		5,250
Investment in Real Estate, Gross		20,480
Investment in Real Estate, Accumulated Depreciation		1,020
M V P Raider Park Garage [Member]
Initial Cost of Land		2,005
Initial Cost of Building and Improvements		9,057
Cost Capitalized Subsequent to Acquisition, Improvements		3,674
Land, Amount		2,005
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		12,731
Investment in Real Estate, Gross		14,736
Investment in Real Estate, Accumulated Depreciation		2,182
M V P P F Memphis Poplar2013 [Member]
Encumbrances		1,800
Initial Cost of Land		3,658
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		24
Land, Amount		3,670
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		12
Investment in Real Estate, Gross		3,682
Investment in Real Estate, Accumulated Depreciation		$ 21
Life Used for Depreciation (Year)		15 years
M V P P F St Louis2013 [Member]
Encumbrances		$ 3,700
Initial Cost of Land		5,041
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		5,041
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		5,041
Investment in Real Estate, Accumulated Depreciation		$ 44
Life Used for Depreciation (Year)		15 years
Mabley Place Garage [Member]
Encumbrances		$ 7,428
Initial Cost of Land		1,585
Initial Cost of Building and Improvements		19,018
Cost Capitalized Subsequent to Acquisition, Improvements		1,037
Land, Amount		1,360
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		17,280
Investment in Real Estate, Gross		18,640
Investment in Real Estate, Accumulated Depreciation		2,819
M V P Denver Sherman [Member]
Encumbrances		257
Initial Cost of Land		705
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		705
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		705
Investment in Real Estate, Accumulated Depreciation		0
M V P Fort Worth Taylor [Member]
Encumbrances		10,807
Initial Cost of Land		2,845
Initial Cost of Building and Improvements		24,405
Cost Capitalized Subsequent to Acquisition, Improvements		5
Land, Amount		2,845
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		24,410
Investment in Real Estate, Gross		27,255
Investment in Real Estate, Accumulated Depreciation		3,798
MVP Milwaukee Old World [Member]
Encumbrances		0
Initial Cost of Land		2,003
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		8
Land, Amount		2,003
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		8
Investment in Real Estate, Gross		2,011
Investment in Real Estate, Accumulated Depreciation		$ 29
Life Used for Depreciation (Year)		15 years
M V P Houston Saks Garage [Member]
Encumbrances		$ 2,851
Initial Cost of Land		4,931
Initial Cost of Building and Improvements		5,221
Cost Capitalized Subsequent to Acquisition, Improvements		177
Land, Amount		3,712
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		4,116
Investment in Real Estate, Gross		7,828
Investment in Real Estate, Accumulated Depreciation		713
M V P Milwaukee Wells [Member]
Initial Cost of Land		4,994
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		4,374
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		4,374
Investment in Real Estate, Accumulated Depreciation		$ 99
Life Used for Depreciation (Year)		15 years
M V P Indianapolis City Park [Member]
Initial Cost of Land		$ 2,056
Initial Cost of Building and Improvements		8,557
Cost Capitalized Subsequent to Acquisition, Improvements		114
Land, Amount		2,056
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		8,671
Investment in Real Estate, Gross		10,727
Investment in Real Estate, Accumulated Depreciation		1,375
M V P Indianapolis W A Street Lot [Member]
Initial Cost of Land	[3]	5,618
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		1,864
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		1,864
Investment in Real Estate, Accumulated Depreciation		$ 0
Life Used for Depreciation (Year)		15 years
M V P Minneapolis Venture [Member]
Encumbrances		$ 0
Initial Cost of Land		4,013
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		109
Land, Amount		4,013
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		108
Investment in Real Estate, Gross		4,121
Investment in Real Estate, Accumulated Depreciation		8
M V P Indianapolis Meridian Lot [Member]
Encumbrances		938
Initial Cost of Land		1,573
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		1,523
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		1,523
Investment in Real Estate, Accumulated Depreciation		$ 8
Life Used for Depreciation (Year)		15 years
MVP Milwaukee Clybourn [Member]
Encumbrances		$ 0
Initial Cost of Land		257
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		257
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		257
Investment in Real Estate, Accumulated Depreciation		$ 4
Life Used for Depreciation (Year)		15 years
M V P Milwaukee Arena [Member]
Encumbrances		$ 1,925
Initial Cost of Land		4,631
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		52
Land, Amount		4,641
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		42
Investment in Real Estate, Gross		4,683
Investment in Real Estate, Accumulated Depreciation		3
MVP Clarksburg Lot [Member]
Encumbrances		0
Initial Cost of Land		701
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		611
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		611
Investment in Real Estate, Accumulated Depreciation		$ 4
Life Used for Depreciation (Year)		15 years
M V P Denver1935 Sherman [Member]
Encumbrances		$ 684
Initial Cost of Land		2,533
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		2,533
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		2,533
Investment in Real Estate, Accumulated Depreciation		0
M V P Bridgeport Fairfield Garage [Member]
Encumbrances		3,531
Initial Cost of Land		498
Initial Cost of Building and Improvements		7,555
Cost Capitalized Subsequent to Acquisition, Improvements		51
Land, Amount		498
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		7,606
Investment in Real Estate, Gross		8,104
Investment in Real Estate, Accumulated Depreciation		1,232
Minneapolis City Parking [Member]
Encumbrances		4,223
Initial Cost of Land		9,633
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		7,513
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		7,513
Investment in Real Estate, Accumulated Depreciation		$ 120
Life Used for Depreciation (Year)		15 years
M V P New Orleans Rampart [Member]
Initial Cost of Land		$ 8,105
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		7,835
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		7,835
Investment in Real Estate, Accumulated Depreciation		0
M V P Hawaii Marks [Member]
Initial Cost of Land		9,119
Initial Cost of Building and Improvements		11,715
Cost Capitalized Subsequent to Acquisition, Improvements		421
Land, Amount		8,571
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		11,435
Investment in Real Estate, Gross		20,006
Investment in Real Estate, Accumulated Depreciation		1,715
One W7 Carpark [Member]
Initial Cost of Land		2,995
Initial Cost of Building and Improvements		28,762
Cost Capitalized Subsequent to Acquisition, Improvements		39
Land, Amount		2,995
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		28,801
Investment in Real Estate, Gross		31,796
Investment in Real Estate, Accumulated Depreciation		1,732
Two Two Two W7 [Member]
Initial Cost of Land		4,391
Initial Cost of Building and Improvements		23,879
Cost Capitalized Subsequent to Acquisition, Improvements		99
Land, Amount		4,391
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		23,978
Investment in Real Estate, Gross		28,369
Investment in Real Estate, Accumulated Depreciation		$ 1,443
Life Used for Depreciation (Year)		39 years
Three Two Two Streeter [Member]
Encumbrances		$ 24,672
Initial Cost of Land		11,387
Initial Cost of Building and Improvements		27,035
Cost Capitalized Subsequent to Acquisition, Improvements		450
Land, Amount		11,387
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		27,485
Investment in Real Estate, Gross		38,872
Investment in Real Estate, Accumulated Depreciation		$ 1,665
Life Used for Depreciation (Year)		39 years
Second Street [Member]
Initial Cost of Land		$ 93
Initial Cost of Building and Improvements		0
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		93
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		0
Investment in Real Estate, Gross		93
Investment in Real Estate, Accumulated Depreciation		0
Denver1725 Champa Street Garage [Member]
Initial Cost of Land		7,414
Initial Cost of Building and Improvements		8,860
Cost Capitalized Subsequent to Acquisition, Improvements		422
Land, Amount		7,414
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		9,282
Investment in Real Estate, Gross		16,696
Investment in Real Estate, Accumulated Depreciation		$ 529
Life Used for Depreciation (Year)		39 years
Bricktown [Member]
Initial Cost of Land		$ 1,314
Initial Cost of Building and Improvements		16,020
Cost Capitalized Subsequent to Acquisition, Improvements		32
Land, Amount		1,314
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		16,052
Investment in Real Estate, Gross		17,366
Investment in Real Estate, Accumulated Depreciation		$ 654
Life Used for Depreciation (Year)		39 years
M V P St Louis Cardinal Lot D S T [Member]
Encumbrances		$ 6,000
Initial Cost of Land		11,660
Initial Cost of Building and Improvements		19
Cost Capitalized Subsequent to Acquisition, Improvements		0
Land, Amount		11,660
Investment in Real Estate and Accumulated Depreciation, Building and Improvements, Amount		19
Investment in Real Estate, Gross		11,679
Investment in Real Estate, Accumulated Depreciation		$ 2
[1]This amount does not include intangible assets and construction in progress totaling approximately $10.2 million and $0.3 million, respectively, as of December 31, 2023 and approximately $10.1 million and $1.2 million as of December 31, 2022, respectively.[2]Property financed under the Revolving Credit Facility[3]The aggregate gross cost of property included above for federal income tax purposes approximately [$413.3] million as of December 31, 2023.[4]The initial costs of buildings are depreciated over 39 years using a straight-line method of accounting; improvements capitalized subsequent to acquisition are depreciated over the shorter of the lease term or useful life, generally ranging from one to 20 years.[5]These properties are held by West 9th St. Properties II, LLC[6]Wildwood lot classified as held for sale at December 31, 2022

Schedule III - Real Estate an_5

Schedule III - Real Estate and Accumulated Depreciation - Changes in Real Estate Assets (Details) - USD ($) $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022
Balance at beginning of period	[1]	$ 439,526	$ 420,603
Acquisitions		0	17,334
Improvements		1,988	2,289
Dispositions		(696)	(700)
Impairments		(18,561)	0
Balance at close of period	[1]	$ 422,257	$ 439,526
[1]This amount does not include intangible assets and construction in progress totaling approximately $10.2 million and $0.3 million, respectively, as of December 31, 2023 and approximately $10.1 million and $1.2 million as of December 31, 2022, respectively.

Schedule III - Real Estate an_6

Schedule III - Real Estate and Accumulated Depreciation - Changes in Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Balance at beginning of period	$ 28,763	$ 21,348
Impairments	(9,605)	0
Depreciation of real estate	7,690	7,415
Balance at close of period	$ 26,848	$ 28,763