v3.26.1
Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Cash flows from operating activities:    
Net income (loss) $ (2,956) $ (829)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation and amortization 1,464 1,504
Amortization of deferred loan costs 20 21
Bad debt 131 121
Loss on disposal of assets 0 8
Deferred tax expense (benefit) (113) 148
Changes in operating assets and liabilities:    
Accrued rents and accounts receivable (28) 189
Receivable due from related party (1) 747
Escrows and utility deposits (482) (685)
Unamortized lease commissions and deferred legal cost (146) (38)
Prepaid expenses and other assets 416 447
Accounts payable and accrued expenses 890 584
Payable due to related party 0 (846)
Tenants' security deposits 21 (48)
Net cash from operating activities (784) 1,323
Cash flows from investing activities:    
Additions to real estate (1,782) (1,406)
Insurance proceeds received for capital loss 459 817
Net cash from investing activities (1,323) (589)
Cash flows from financing activities:    
Repayments of notes payable (608) (638)
Net cash from financing activities (608) (638)
Net change in cash and cash equivalents (2,715) 96
Cash and cash equivalents at beginning of period 5,151 5,206
Cash and cash equivalents at end of period 2,436 5,302
Supplemental disclosure of cash flow information:    
Cash paid for interest 502 627
Cash paid for taxes 28 44
Non cash investing activities:    
Disposal of fully depreciated real estate 158 326
Financed insurance premium $ 600 $ 454