10-Q Filing

PRESIDIO PROPERTY TRUST, INC. CIK: 1080657 Q2 2020

Filing Information

Form Type	10-Q
Accession Number	`0001080657-20-000051`
Period End Date	20200630
Filing Date	20200812
Fiscal Year	2020
Fiscal Period	Q2
XBRL Instance	sqft-20200630_htm.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 66 Income Statement 83 Cash Flow Statement 89 Stockholders Equity 29

Balance Sheet 66 line items

Line Item	Tag	Value	Unit	Period
Land	`Land`	$26.67M	USD	Point-in-time
Land	`Land`	$26.91M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$136.03M	USD	Point-in-time
Buildings and improvements	`InvestmentBuildingAndBuildingImprovements`	$137.80M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$15.27M	USD	Point-in-time
Tenant improvements	`TenantImprovements`	$14.28M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale`	$5.32M	USD	Point-in-time
Lease intangibles	`FiniteLivedIntangibleAssetsNetOfAmountsIncludedInRealEstateAssetsHeldForSale`	$5.32M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$184.32M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, cost	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAtCost`	$183.29M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$29.23M	USD	Point-in-time
Accumulated depreciation and amortization	`RealEstateInvestmentPropertyAndLeaseIntangiblesAccumulatedDepreciationAndAmortization`	$31.70M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$151.59M	USD	Point-in-time
Real estate assets and lease intangibles held for investment, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentNet`	$155.09M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$24.92M	USD	Point-in-time
Real estate assets held for sale, net	`RealEstateHeldforsale`	$45.12M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet`	$200.21M	USD	Point-in-time
Real estate assets, net	`RealEstateInvestmentPropertyAndLeaseIntangiblesHeldForInvestmentAndRealEstateHeldForSaleNet`	$176.52M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.65M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.78M	USD	Point-in-time
Cash, cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$1.67M	USD	Point-in-time
Deferred leasing costs, net	`DeferredCostsLeasingNet`	$2.05M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Goodwill	`Goodwill`	$2.42M	USD	Point-in-time
Other assets, net	`OtherAssets`	$4.95M	USD	Point-in-time
Other assets, net	`OtherAssets`	$5.71M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$194.22M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$220.78M	USD	Point-in-time
Mortgage notes payable, net	`MortgageNotesPayableNet`	$111.30M	USD	Point-in-time
Mortgage notes payable, net	`MortgageNotesPayableNet`	$113.07M	USD	Point-in-time
Mortgage notes payable related to properties held for sale, net	`MortgageNotesPayableRelatedToPropertiesHeldForSaleNet`	$29.32M	USD	Point-in-time
Mortgage notes payable related to properties held for sale, net	`MortgageNotesPayableRelatedToPropertiesHeldForSaleNet`	$14.23M	USD	Point-in-time
Mortgage notes payable, total net	`MortgageNotesPayable`	$125.53M	USD	Point-in-time
Mortgage notes payable, total net	`MortgageNotesPayable`	$142.39M	USD	Point-in-time
Note payable, net	`NotesPayable`	$12.24M	USD	Point-in-time
Note payable, net	`NotesPayable`	$8.25M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$5.67M	USD	Point-in-time
Accounts payable and accrued liabilities	`AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent`	$4.96M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$1.27M	USD	Point-in-time
Accrued real estate taxes	`AccruedRealEstateTaxes`	$2.99M	USD	Point-in-time
Lease liability, net	`OperatingLeaseLiability`	$560.19K	USD	Point-in-time
Lease liability, net	`OperatingLeaseLiability`	$115.09K	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$309.93K	USD	Point-in-time
Below-market leases, net	`BelowMarketLeaseNet`	$226.35K	USD	Point-in-time
Total liabilities	`Liabilities`	$164.16M	USD	Point-in-time
Total liabilities	`Liabilities`	$140.35M	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and contingencies (Note 9)	`CommitmentsAndContingencies`	-	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$152.13M	USD	Point-in-time
Additional paid-in capital	`AdditionalPaidInCapitalCommonStock`	$153.38M	USD	Point-in-time
Dividends and accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-116.07M	USD	Point-in-time
Dividends and accumulated losses	`RetainedEarningsAccumulatedDeficit`	$-113.04M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$37.40M	USD	Point-in-time
Total stockholders' equity before noncontrolling interest	`StockholdersEquity`	$39.18M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$16.47M	USD	Point-in-time
Noncontrolling interest	`MinorityInterest`	$17.44M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.07M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.14M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.10M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.87M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.62M	USD	Point-in-time
Total equity	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.41M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$194.22M	USD	Point-in-time
TOTAL LIABILITIES AND EQUITY	`LiabilitiesAndStockholdersEquity`	$220.78M	USD	Point-in-time

Income Statement 83 line items

Line Item	Tag	Value	Unit	Period
Rental income	`OperatingLeaseLeaseIncome`	$5.88M	USD	1 Quarter
Rental income	`OperatingLeaseLeaseIncome`	$13.69M	USD	2 Qtrs
Rental income	`OperatingLeaseLeaseIncome`	$12.67M	USD	2 Qtrs
Rental income	`OperatingLeaseLeaseIncome`	$6.80M	USD	1 Quarter
Fees and other income	`FeeAndOtherIncome`	$485.34K	USD	2 Qtrs
Fees and other income	`FeeAndOtherIncome`	$321.41K	USD	1 Quarter
Fees and other income	`FeeAndOtherIncome`	$241.88K	USD	1 Quarter
Fees and other income	`FeeAndOtherIncome`	$605.50K	USD	2 Qtrs
Total revenue	`Revenues`	$6.12M	USD	1 Quarter
Total revenue	`Revenues`	$7.12M	USD	1 Quarter
Total revenue	`Revenues`	$14.30M	USD	2 Qtrs
Total revenue	`Revenues`	$13.15M	USD	2 Qtrs
Rental operating costs	`OperatingLeaseExpense`	$5.29M	USD	2 Qtrs
Rental operating costs	`OperatingLeaseExpense`	$2.53M	USD	1 Quarter
Rental operating costs	`OperatingLeaseExpense`	$4.38M	USD	2 Qtrs
Rental operating costs	`OperatingLeaseExpense`	$2.00M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$1.42M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$2.63M	USD	2 Qtrs
General and administrative	`GeneralAndAdministrativeExpense`	$1.28M	USD	1 Quarter
General and administrative	`GeneralAndAdministrativeExpense`	$3.18M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.62M	USD	1 Quarter
Impairment of real estate assets	`ImpairmentOfRealEstate`	$845.67K	USD	1 Quarter
Impairment of real estate assets	`ImpairmentOfRealEstate`	$845.00K	USD	Point-in-time
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	2 Qtrs
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment of real estate assets	`ImpairmentOfRealEstate`	$845.67K	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$11.05M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$5.75M	USD	1 Quarter
Total costs and expenses	`OperatingExpenses`	$12.43M	USD	2 Qtrs
Total costs and expenses	`OperatingExpenses`	$5.69M	USD	1 Quarter
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	$627.27K	USD	1 Quarter
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	-	USD	1 Quarter
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	$1.28M	USD	2 Qtrs
Interest expense-Series B preferred stock	`InterestExpensePreferredStock`	-	USD	2 Qtrs
Interest expense-mortgage notes	`InterestExpenseDebt`	$3.76M	USD	2 Qtrs
Interest expense-mortgage notes	`InterestExpenseDebt`	$3.17M	USD	2 Qtrs
Interest expense-mortgage notes	`InterestExpenseDebt`	$1.86M	USD	1 Quarter
Interest expense-mortgage notes	`InterestExpenseDebt`	$1.48M	USD	1 Quarter
Interest expense - note payable	`InterestExpenseNotesPayable`	-	USD	2 Qtrs
Interest expense - note payable	`InterestExpenseNotesPayable`	$795.73K	USD	1 Quarter
Interest expense - note payable	`InterestExpenseNotesPayable`	-	USD	1 Quarter
Interest expense - note payable	`InterestExpenseNotesPayable`	$1.66M	USD	2 Qtrs
Interest and other income (expense), net	`NonoperatingInterestAndOtherIncomeExpense`	$1.41K	USD	2 Qtrs
Interest and other income (expense), net	`NonoperatingInterestAndOtherIncomeExpense`	$4.41K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingInterestAndOtherIncomeExpense`	$8.40K	USD	1 Quarter
Interest and other income (expense), net	`NonoperatingInterestAndOtherIncomeExpense`	$9.93K	USD	2 Qtrs
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$324.26K	USD	2 Qtrs
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$1.39M	USD	2 Qtrs
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$334.10K	USD	1 Quarter
Gain on sales of real estate, net	`GainLossOnSaleOfBusiness`	$176.39K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$191.81K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$51.37K	USD	1 Quarter
Income tax expense	`IncomeTaxExpenseBenefit`	$273.24K	USD	2 Qtrs
Income tax expense	`IncomeTaxExpenseBenefit`	$135.00K	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-4.64M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-3.91M	USD	2 Qtrs
Total other income (expense), net	`NonoperatingIncomeExpense`	$-1.98M	USD	1 Quarter
Total other income (expense), net	`NonoperatingIncomeExpense`	$-2.50M	USD	1 Quarter
Net loss	`ProfitLoss`	$-1.08M	USD	1 Quarter
Net loss	`ProfitLoss`	$-932.12K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.54M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-961.94K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.61M	USD	1 Quarter
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$315.28K	USD	1 Quarter
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$182.92K	USD	1 Quarter
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$490.29K	USD	2 Qtrs
Less: Income attributable to noncontrolling interests	`IncomeLossFromContinuingOperationsAttributableToNoncontrollingEntity`	$949.38K	USD	2 Qtrs
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLoss`	$-2.99M	USD	2 Qtrs
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLoss`	$-1.26M	USD	1 Quarter
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLoss`	$-1.92M	USD	1 Quarter
Net loss attributable to Presidio Property Trust, Inc. common stockholders	`NetIncomeLoss`	$-3.03M	USD	2 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	2 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.14	USD	1 Quarter
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.34	USD	2 Qtrs
Basic and diluted loss per common share (in dollars per share)	`EarningsPerShareBasicAndDiluted`	$-0.22	USD	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.90M	shares	1 Quarter
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.89M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.86M	shares	2 Qtrs
Weighted average number of common shares outstanding - basic and diluted (in shares)	`WeightedAverageNumberOfShareOutstandingBasicAndDiluted`	8.86M	shares	1 Quarter

Cash Flow Statement 89 line items

Line Item	Tag	Value	Unit	Period
Net loss	`ProfitLoss`	$-1.08M	USD	1 Quarter
Net loss	`ProfitLoss`	$-932.12K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.54M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-961.94K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.61M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.96M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.75M	USD	1 Quarter
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$3.20M	USD	2 Qtrs
Depreciation and amortization	`DepreciationDepletionAndAmortization`	$1.62M	USD	1 Quarter
Stock compensation	`RestrictedStockExpense`	$635.76K	USD	2 Qtrs
Stock compensation	`RestrictedStockExpense`	$361.24K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$19.09K	USD	2 Qtrs
Bad debt expense	`ProvisionForDoubtfulAccounts`	$51.91K	USD	2 Qtrs
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$334.10K	USD	1 Quarter
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$324.26K	USD	2 Qtrs
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$176.39K	USD	1 Quarter
Gain on sale of real estate assets, net	`GainsLossesOnSalesOfInvestmentRealEstate`	$1.39M	USD	2 Qtrs
Impairment of real estate assets	`ImpairmentOfRealEstate`	$845.67K	USD	1 Quarter
Impairment of real estate assets	`ImpairmentOfRealEstate`	$845.00K	USD	Point-in-time
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	2 Qtrs
Impairment of real estate assets	`ImpairmentOfRealEstate`	-	USD	1 Quarter
Impairment of real estate assets	`ImpairmentOfRealEstate`	$845.67K	USD	2 Qtrs
Accretion of original issue discount	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	-	USD	2 Qtrs
Accretion of original issue discount	`AccretionAmortizationOfDiscountsAndPremiumsInvestments`	$-675.60K	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$400.13K	USD	2 Qtrs
Amortization of financing costs	`AmortizationOfFinancingCosts`	$733.02K	USD	2 Qtrs
Amortization of above-market leases	`AmortizationOfAboveMarketLeases`	$25.34K	USD	2 Qtrs
Amortization of above-market leases	`AmortizationOfAboveMarketLeases`	$30.12K	USD	2 Qtrs
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$94.54K	USD	2 Qtrs
Amortization of below-market leases	`AmortizationOfBelowMarketLease`	$83.59K	USD	2 Qtrs
Straight-line rent adjustment	`StraightLineRentAdjustments`	$-9.27K	USD	2 Qtrs
Straight-line rent adjustment	`StraightLineRentAdjustments`	$-160.58K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-997.69K	USD	2 Qtrs
Other assets	`IncreaseDecreaseInOtherOperatingAssets`	$-947.91K	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$-1.86M	USD	2 Qtrs
Accounts payable and accrued liabilities	`IncreaseDecreaseInAccountsPayableAndAccruedLiabilities`	$1.53M	USD	2 Qtrs
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-1.72M	USD	2 Qtrs
Accrued real estate taxes	`ChangeAccruedRealEstateTaxes`	$-1.57M	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$200.72K	USD	2 Qtrs
Net cash provided by operating activities	`NetCashProvidedByUsedInOperatingActivities`	$2.41M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$6.12M	USD	2 Qtrs
Real estate acquisitions	`PaymentsToAcquireRealEstate`	$6.29M	USD	2 Qtrs
Additions to buildings and tenant improvements	`PaymentsForTenantImprovements`	$2.38M	USD	2 Qtrs
Additions to buildings and tenant improvements	`PaymentsForTenantImprovements`	$4.66M	USD	2 Qtrs
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$95.15K	USD	2 Qtrs
Additions to deferred leasing costs	`PaymentsForLeasingCosts`	$661.40K	USD	2 Qtrs
Proceeds from sales of real estate, net	`ProceedsFromSaleOfProductiveAssets`	$29.38M	USD	2 Qtrs
Proceeds from sales of real estate, net	`ProceedsFromSaleOfProductiveAssets`	$14.85M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$3.41M	USD	2 Qtrs
Net cash provided by investing activities	`NetCashProvidedByUsedInInvestingActivities`	$20.61M	USD	2 Qtrs
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromSecuredNotesPayable`	$7.15M	USD	2 Qtrs
Proceeds from mortgage notes payable, net of issuance costs	`ProceedsFromSecuredNotesPayable`	$9.15M	USD	2 Qtrs
Repayment of mortgage notes payable	`RepaymentsOfSecuredNotesPayable`	$24.17M	USD	2 Qtrs
Repayment of mortgage notes payable	`RepaymentsOfSecuredNotesPayable`	$10.94M	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	$5.22M	USD	2 Qtrs
Repayment of note payable	`RepaymentsOfNotesPayable`	-	USD	2 Qtrs
Redemption of mandatorily redeemable preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	$900.00K	USD	2 Qtrs
Redemption of mandatorily redeemable preferred stock	`PaymentsForRepurchaseOfPreferredStockAndPreferenceStock`	-	USD	2 Qtrs
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	$95.65K	USD	2 Qtrs
Payment of deferred offering costs	`PaymentsOfStockIssuanceCosts`	-	USD	2 Qtrs
Distributions to noncontrolling interests, net of contributions	`ProceedsFromPaymentsToMinorityShareholders`	$-210.78K	USD	2 Qtrs
Distributions to noncontrolling interests, net of contributions	`ProceedsFromPaymentsToMinorityShareholders`	$-63.53K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	$119.96K	USD	2 Qtrs
Repurchase of common stock	`PaymentsForRepurchaseOfCommonStock`	-	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	-	USD	2 Qtrs
Dividends paid to stockholders	`PaymentsOfDividendsCommonStock`	$1.08M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-3.95M	USD	2 Qtrs
Net cash used in financing activities	`NetCashProvidedByUsedInFinancingActivities`	$-22.55M	USD	2 Qtrs
Net (decrease) increase in cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$-1.73M	USD	2 Qtrs
Net (decrease) increase in cash equivalents and restricted cash	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect`	$1.88M	USD	2 Qtrs
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.65M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.78M	USD	Point-in-time
Cash, cash equivalents and restricted cash - beginning of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$10.39M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$11.65M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$9.78M	USD	Point-in-time
Cash, cash equivalents and restricted cash - end of period	`CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents`	$8.66M	USD	Point-in-time
Interest paid-Series B preferred stock	`InterestPaidPreferredStockSeriesB`	-	USD	2 Qtrs
Interest paid-Series B preferred stock	`InterestPaidPreferredStockSeriesB`	$1.15M	USD	2 Qtrs
Interest paid-mortgage notes payable	`InterestPaidMortgageNotes`	$3.09M	USD	2 Qtrs
Interest paid-mortgage notes payable	`InterestPaidMortgageNotes`	$3.07M	USD	2 Qtrs
Interest paid-notes payable	`InterestPaidNotes`	-	USD	2 Qtrs
Interest paid-notes payable	`InterestPaidNotes`	$425.27K	USD	2 Qtrs
Unpaid deferred offering costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	$91.04K	USD	2 Qtrs
Unpaid deferred offering costs	`DebtIssuanceCostsIncurredDuringNoncashOrPartialNoncashTransaction`	-	USD	2 Qtrs
Issuance of stock for limited partnership interests	`StockIssued1`	-	USD	2 Qtrs
Issuance of stock for limited partnership interests	`StockIssued1`	$1.25M	USD	2 Qtrs

Stockholders Equity 29 line items

Line Item	Tag	Value	Unit	Period
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.07M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.14M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.10M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.87M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.62M	USD	Point-in-time
Beginning balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.41M	USD	Point-in-time
Net loss	`ProfitLoss`	$-1.08M	USD	1 Quarter
Net loss	`ProfitLoss`	$-932.12K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.54M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-961.94K	USD	1 Quarter
Net loss	`ProfitLoss`	$-2.04M	USD	2 Qtrs
Net loss	`ProfitLoss`	$-1.61M	USD	1 Quarter
Dividends paid	`Dividends`	$150.00	USD	1 Quarter
Dividends paid	`Dividends`	$1.08M	USD	1 Quarter
Contributions received from noncontrolling interests, net of distributions paid	`ContributedCapitalLessDistributionsOfNoncontrollingInterests`	$66.70K	USD	1 Quarter
Contributions received from noncontrolling interests, net of distributions paid	`ContributedCapitalLessDistributionsOfNoncontrollingInterests`	$195.18K	USD	1 Quarter
Share reconciliation adjustment	`AdjustmentsToAdditionalPaidInCapitalShareReconciliationAdjustment`	-	USD	1 Quarter
Issuance of stock for Limited Partnership interests	`StockIssuedDuringPeriodValueNewIssues`	-	USD	1 Quarter
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$258.71K	USD	1 Quarter
Distributions in excess of contributions received	`MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders`	$277.47K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$52.15K	USD	1 Quarter
Repurchase of common stock	`StockRepurchasedAndRetiredDuringPeriodValue`	$68.13K	USD	1 Quarter
Vesting of restricted stock	`StockIssuedDuringPeriodValueRestrictedStockAwardGross`	$230.88K	USD	1 Quarter
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.07M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.14M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.10M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$53.87M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$56.62M	USD	Point-in-time
Ending balance	`StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest`	$55.41M	USD	Point-in-time

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.