v3.26.1
Note 5 - Estimated Liquidation and Operating Costs Net of Estimated Receipts (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Liquidation Basis of Accounting, Change in Liability for Estimated Costs in Excess of Estimated Receipts [Table Text Block]
   

January 1, 2026

   

Expenditures/ (Receipts)

   

Remeasurement of Assets and Liabilities

   

March 31,

2026

 

Assets:

                               

Estimated rents and reimbursements

  $ 7,793,680     $ (709,515 )   $ (6,848 )   $ 7,077,317  

Prepaid expenses and other assets

    506,396       (21,007 )     -       485,389  

Liabilities:

                               

Property operating costs

    (5,209,378 )     531,626       (44,590 )     (4,722,342 )

Capital expenditures

    (350,000 )     79,768       -       (270,232 )

Land entitlement costs

    (1,325,969 )     97,507       -       (1,228,462 )

Closing credit for infrastructure costs

    (4,020,222 )     -       -       (4,020,222 )

Corporate expenditures

    (9,438,950 )     567,596       116,443       (8,754,911 )

Selling costs on real estate assets

    (3,055,351 )     13,751       -       (3,041,600 )

Retention bonus payments to officers and employees*

    (2,234,824 )     -       -       (2,234,824 )

Liability for estimated liquidation and operating costs net of estimated receipts

  $ (17,334,618 )   $ 559,726     $ 65,005     $ (16,709,887 )