Note 15 - Related Party |
6 Months Ended |
|---|---|
Jun. 30, 2026 | |
| Notes to Financial Statements | |
| Related Party Transactions Disclosure [Text Block] |
15. RELATED PARTY
During the three and six months ended June 30, 2026 and three and six months ended June 30, 2025, the Company leased portions of its corporate headquarters to Puppy Toes, Inc., a company owned by the Chief Executive Officer and his wife, and to Centurion Counsel, Inc., which is owned by Puppy Toes, Inc. Rent billed to these entities from the Company totaled $3,479 and $6,958 for the three and six months ended June 30, 2026, respectively. Rent billed to these entities from the Company totaled $3,378 and $6,755 for the three and six months ended June 30, 2025, respectively. Additionally, we received full payroll reimbursement for employee services provided to Centurion Counsel, Inc. and Puppy Toes, Inc. during the six months ended June 30, 2026 and 2025, which totaled approximately $7,405 and $65,212 respectively. These reimbursements were at cost and were not marked up or discounted. As of June 30, 2026 and December 31, 2025, we had reimbursement receivable balances of approximately $1,162 and $1,524 which were paid in full during July 2026 and January 2026, respectively.
For the three and six months ended June 30, 2026, the Company paid a family member of a director $13,276 and $33,679, respectively. For the periods ended June 30, 2026, these payments were a combination of Consulting payments totaling $12,500 each quarter, and pro rata distributions and return of capital in his Trust’s investments in DMH#203, DMH#204, DMH#205, DMH#206 and DMH#207 totaling $776 and $7,903, respectively, for the three and six months ended. For the three and six months ended June 30, 2025, the Company paid a family member of a director $16,319 and $32,599, respectively. For the periods ended June 30, 2025, these payments were a combination of consulting payments totaling $12,500 each quarter, and pro rata distributions and return of capital in his trust’s investments in DMH#203, DMH#204, DMH#205, DMH#206 and DMH#207 totaling $3,819 and $7,599, respectively, for the three and six months ended.
We also recognized payments made to Mr. Heilbron, CEO of Presidio Property Trust, for his investment in DMH#207, LP. These payments were a combination of pro rata distributions and capital returns from DMH#207 LP. For the three and six months ended June 30, 2026, the payments were $388 and $759, respectively. For the three and six months ended June 30, 2025, the payments were $410 and $800, respectively.
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