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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Mar. 31, 2023
Dec. 31, 2022
ASSETS    
Cash and cash equivalents $ 1,973,811 $ 2,414,077
Property and equipment (Note 2) 568,996 644,133
Deferred income taxes 151,000 232,000
Prepaid expenses and other assets (Note 3) 992,582 792,245
TOTAL ASSETS 3,686,389 4,082,455
LIABILITIES    
Accrued expenses and other liabilities (Note 4) 2,338,582 2,346,805
TOTAL LIABILITIES 2,338,582 2,346,805
COMMITMENTS AND CONTINGENCIES
SHAREHOLDERS’ EQUITY    
Common shares, $1 par value, 2023 and 2022: 2,000,000 shares authorized, 995,253 issued and outstanding 995,253 995,253
Additional paid-in-capital 6,287,293 6,287,293
Retained earnings 3,337,757 3,725,600
Shares held by Subsidiary (375,861 shares) at cost (9,272,496) (9,272,496)
TOTAL SHAREHOLDERS’ EQUITY 1,347,807 1,735,650
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 3,686,389 $ 4,082,455