Note 5 - Unamortized Lease Commissions and Deferred Legal Cost, Net

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Unamortized Lease Commissions and Loan Costs [Text Block]

5.	Unamortized Lease Commissions and Deferred Legal Cost, Net

Costs which have been deferred consist of the following (in thousands):

		September 30, 2022				December 31, 2021
Leasing commissions		$	2,104			$	1,364
Deferred legal cost			12				12
Total cost			2,116				1,376
Less: leasing commissions accumulated amortization			(1,736	)			(901	)
Less: deferred legal cost accumulated amortization			(12	)			(11	)
Total cost, net of accumulated amortization		$	368			$	464

A summary of expected future amortization of deferred costs is as follows (in thousands):

Years Ended December 31,		Leasing Commissions
2022 (remaining)		$	73
2023			118
2024			82
2025			51
2026			34
2027			9
Thereafter			1
Total		$	368