v3.25.4
Note 8 - Leases
9 Months Ended
Sep. 30, 2025
Leases [Abstract]  
Note 8 - Leases

Note 8 - Leases

 

Lessor- Operating leases

 

The Company’s Block 40 property is leased to tenants primarily under non-cancelable operating leases. Future minimum lease payments to be received under non-cancelable operating leases as of September 30, 2025 are as follows:

           
Reminder of 2025   $1,725,506 
2026    2,710,525 
2027    879,112 
2028    894,416 
2029    913,319 
Thereafter    3,251,053 
Total future minimum lease payments   $10,373,932 

 

The future minimum lease payments in the table above excludes tenant reimbursements of operating expenses, and the amortization of above/below-market lease intangibles.