Note 7 - Income Taxes |
9 Months Ended | ||
|---|---|---|---|
Sep. 30, 2026 | |||
| Notes to Financial Statements | |||
| Income Tax Disclosure [Text Block] |
The Company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, and is generally not subject to federal income taxes on income distributed to shareholders. The Company’s TRS is subject to federal and state income taxes. Deferred tax assets are recognized only to the extent that it is more likely than not that they will be realized. As of each reporting date, management considers new evidence, both positive and negative, that could impact management's view with regard to future realization of deferred tax assets. As of September 30, 2026, the Company's TRS continues to recognize a full valuation allowance against its deferred tax assets. Management will continue to monitor the need for a valuation allowance. |