Segment Reporting |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Segment Reporting [Abstract] | |
| Segment Reporting | NOTE 11 – SEGMENT REPORTING The Company has one reportable segment as defined by GAAP, retail real estate, for the three months ended March 31, 2025 and 2024. The retail real estate segment derives revenue from rents received under long-term operating leases. The accounting policies of the retail real estate segment are the same as those described in the summary of significant accounting policies for the Company. The chief operating decision maker (“CODM”) assess performance for the retail real estate segment and decides how to allocate resources based on net income (loss), which is reported on the accompanying consolidated statements of operations and comprehensive income (loss). The Company’s CODM is its . All the significant segment expenses that are provided to the CODM are reported in the accompanying consolidated statements of operations and comprehensive income (loss). Property operating expenses reported in the accompanying consolidated statements of operations and comprehensive income (loss) primarily include common area maintenance, compensation, insurance and other costs related to the leasing of properties. General and administrative expenses reported in the accompanying consolidated statements of operations and comprehensive income (loss) primarily include reimbursements to the Business Manager for costs relating to the Company’s administration, professional fees, insurance and board costs. The measure of segment assets is reported on the balance sheet as total assets. |