v3.25.1
Note 17 - Segment Reporting - Schedule of Net Operating Income of Segment and Reconciliation of Segment NOI to Net Loss (Details) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Segment Reporting Information [Line Items]    
Rental income $ 9,842 $ 9,511
Property operating expenses    
Total property operating expenses 3,105 3,006
Operating loss (206) (907)
Reconciliation of segment net operating income to net loss    
Straight-line rent revenue (143) 352
Amortization of above and below market lease, net (85) (81)
Cost of services (576) (421)
Depreciation and amortization (3,580) (3,819)
Impairment of real estate assets (43) (110)
Bad debt recovery (expense) 71 (142)
General and administrative (3,579) (3,480)
Net interest and other income 165 217
Derivative fair value adjustment (582) 889
Net (loss) gain on fair value change on debt held under the fair value option (240) 2,343
Loss on extinguishment of debt 0 (7)
Income tax expense, net 0 (134)
Net loss (5,629) (1,938)
Commissions [Member]    
Reconciliation of segment net operating income to net loss    
Revenues 707 502
Operating Segments [Member]    
Segment Reporting Information [Line Items]    
Rental income [1] 10,070 9,240
Property operating expenses    
Property taxes 1,041 1,046
Contract maintenance 933 737
Utilities 370 484
Repairs 229 232
Other segment items [2] 532 507
Total property operating expenses 3,105 3,006
Operating loss 6,965 6,234
Reconciliation of segment net operating income to net loss    
Straight-line rent revenue (143) 352
Amortization of above and below market lease, net (85) (81)
Cost of services (576) (421)
Depreciation and amortization (3,580) (3,819)
Impairment of real estate assets (43) (110)
Bad debt recovery (expense) 71 (142)
General and administrative (3,579) (3,480)
Net interest and other income 165 217
Derivative fair value adjustment (582) 889
Net (loss) gain on fair value change on debt held under the fair value option (240) 2,343
Interest expense (4,765) (4,333)
Loss on extinguishment of debt 0 (7)
Other expense (1) (6)
Income tax expense, net 0 (134)
Net loss (5,629) (1,938)
Operating Segments [Member] | Commissions [Member]    
Reconciliation of segment net operating income to net loss    
Revenues 707 502
Operating Segments [Member] | Management and other income [Member]    
Reconciliation of segment net operating income to net loss    
Revenues $ 57 $ 58
[1] Excludes straight-line revenue and net amortization of above and below market leases.
[2] Other segment items include expenses relating to insurance, administrative expenses, payroll and related items and management expenses.