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

9 Months Ended

Sep. 30, 2023

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, 2023				December 31, 2022
Leasing commissions		$	1,833			$	1,358
Deferred legal cost			16				12
Total cost			1,849				1,370
Less: leasing commissions accumulated amortization			(1,503	)			(1,063	)
Less: deferred legal cost accumulated amortization			(12	)			(12	)
Total cost, net of accumulated amortization		$	334			$	295

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

Years Ended December 31,		Leasing Commissions and Deferred Legal Costs
2023 (remaining)		$	29
2024			140
2025			78
2026			44
2027			29
2028			9
Thereafter			5
Total		$	334