v3.26.1
Note 5 - Estimated Liquidation and Operating Costs Net of Estimated Receipts (Tables)
6 Months Ended
Jun. 30, 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

   

June 30,

2026

 

Assets:

                               

Estimated rents and reimbursements

  $ 7,793,680     $ (1,438,939 )   $ 113,552     $ 6,468,293  

Prepaid expenses and other assets

    506,396       (10,243 )     -       496,153  

Liabilities:

                               

Property operating costs

    (5,209,378 )     1,001,258       (17,829 )     (4,225,949 )

Capital expenditures

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

Land entitlement costs

    (1,325,969 )     144,052       186,866       (995,051 )

Closing credit for infrastructure costs

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

Corporate expenditures

    (9,438,950 )     983,433       920,855       (7,534,662 )

Selling costs on real estate assets

    (3,055,351 )     54,710       -       (3,000,641 )

Retention bonus payments to officers and employees*

    (2,234,824 )     7,194       (7,194 )     (2,234,824 )

Liability for estimated liquidation and operating costs net of estimated receipts

  $ (17,334,618 )   $ 821,233     $ 1,196,250     $ (15,317,135 )