v3.25.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
REVENUES:    
Total revenues $ 974,552 $ 837,052
OPERATING EXPENSES:    
Compensation and benefits 285,668 265,164
Professional fees 77,761 122,270
Brokerage fees 103,330
General and administrative expenses 55,840 78,776
Depreciation and amortization 88,508 89,647
Real estate taxes 38,004 27,356
Property portfolio business development costs 21,600
Total operating expenses, net 545,781 708,143
INCOME FROM OPERATIONS 428,771 128,909
OTHER INCOME (EXPENSES):    
Interest expenses (194,523) (158,039)
Income (loss) from derivative - interest rate swap (88,390) 125,603
Total other expenses, net (282,913) (32,436)
NET INCOME $ 145,858 $ 96,473
NET INCOME (LOSS) PER COMMON SHARE:    
Basic (in Dollars per share) $ 0.01 $ 0.01
Diluted (in Dollars per share) $ 0.01 $ 0.01
WEIGHTED AVERAGE COMMON SHARES OUTSTANDING:    
Basic (in Shares) 12,087,829 12,101,548
Diluted (in Shares) 12,487,829 12,501,548
Property investment portfolio revenues    
REVENUES:    
Total revenues $ 760,892 $ 691,292
Real estate services revenues    
REVENUES:    
Total revenues $ 213,660 $ 145,760