| SCHEDULE OF OTHER INTANGIBLE ASSETS AND ACCUMULATED AMORTIZATION |
The
following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible
asset:
SCHEDULE
OF OTHER INTANGIBLE ASSETS AND ACCUMULATED AMORTIZATION
| | |
March 31, 2026 | | |
December 31, 2025 | |
| | |
Lease Intangibles | | |
Accumulated Amortization | | |
Lease Intangibles, net | | |
Lease Intangibles | | |
Accumulated Amortization | | |
Lease Intangibles, net | |
| In-place leases | |
$ | 932,175 | | |
$ | (931,029 | ) | |
$ | 1,146 | | |
$ | 2,377,414 | | |
$ | (2,375,580 | ) | |
$ | 1,834 | |
| Leasing costs | |
| 468,427 | | |
| (467,006 | ) | |
| 1,421 | | |
| 1,090,384 | | |
| (1,088,114 | ) | |
| 2,270 | |
| | |
$ | 1,400,602 | | |
$ | (1,398,035 | ) | |
$ | 2,567 | | |
$ | 3,467,798 | | |
$ | (3,463,694 | ) | |
$ | 4,104 | |
|
The
following table summarizes the net value of other intangible assets acquired and the accumulated amortization for each class of intangible
asset:
SCHEDULE
OF OTHER INTANGIBLE ASSETS AND ACCUMULATED AMORTIZATION
| |
|
December
31, 2025 |
|
|
December
31, 2024 |
|
| |
|
Lease
Intangibles |
|
|
Accumulated
Amortization |
|
|
Lease
Intangibles, net |
|
|
Lease
Intangibles |
|
|
Accumulated
Amortization |
|
|
Lease
Intangibles, net |
|
| In-place
leases |
|
$ |
2,377,414 |
|
|
$ |
(2,375,580 |
) |
|
$ |
1,834 |
|
|
$ |
2,515,264 |
|
|
$ |
(2,504,799 |
) |
|
$ |
10,465 |
|
| Leasing
costs |
|
|
1,090,384 |
|
|
|
(1,088,114 |
) |
|
|
2,270 |
|
|
|
1,261,390 |
|
|
|
(1,252,078 |
) |
|
|
9,312 |
|
| Above-market
leases |
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| |
|
$ |
3,467,798 |
|
|
$ |
(3,463,694 |
) |
|
$ |
4,104 |
|
|
$ |
3,776,654 |
|
|
$ |
(3,756,877 |
) |
|
$ |
19,777 |
|
|
| SCHEDULE OF AMORTIZATION EXPENSE LEASE INTANGIBLE ASSETS |
Future
aggregate approximate amortization expense for the Company’s lease intangible assets is as follows:
SCHEDULE
OF AMORTIZATION EXPENSE LEASE INTANGIBLE ASSETS
| Years ending December 31: | |
| | |
| 2026 | |
$ | 2,567 | |
| 2027 | |
| — | |
| Total | |
$ | 2,567 | |
|
Future
aggregate approximate amortization expense for the Company’s lease intangible assets is as follows:
SCHEDULE
OF AMORTIZATION EXPENSE LEASE INTANGIBLE ASSETS
| |
|
|
|
|
| 2026 |
|
$ |
4,104 |
|
| 2027 |
|
|
— |
|
| Thereafter |
|
|
— |
|
| Total |
|
$ |
4,104 |
|
|