v3.25.2
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash flows from operating activities:    
Net income (loss) $ (829) $ 309
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 1,504 1,540
Amortization of deferred loan costs 21 14
Bad debt 121 48
Loss on disposal of assets 8 1
Share-based compensation 0 16
Deferred tax expense (benefit) 148 (48)
Changes in operating assets and liabilities:    
Accrued rents and accounts receivable 189 93
Receivable due from related party 747 (403)
Escrows and utility deposits (685) (159)
Unamortized lease commissions and deferred legal cost (38) (131)
Prepaid expenses and other assets 447 (26)
Accounts payable and accrued expenses 584 (459)
Payable due to related party (846) 315
Tenants' security deposits (48) (16)
Net cash from operating activities 1,323 1,094
Cash flows from investing activities:    
Additions to real estate (1,406) (839)
Insurance proceeds received for capital loss 817 0
Net cash from investing activities (589) (839)
Cash flows from financing activities:    
Repayments of notes payable (638) (218)
Net cash from financing activities (638) (218)
Net change in cash and cash equivalents 96 37
Cash and cash equivalents at beginning of period 5,206 5,109
Cash and cash equivalents at end of period 5,302 5,146
Supplemental disclosure of cash flow information:    
Cash paid for interest 627 595
Cash paid for taxes 44 51
Non cash investing activities:    
Disposal of fully depreciated real estate 326 233
Financed insurance premium $ 454 $ 0