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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Cash flows from operating activities:    
Net income $ 980,918 $ 791,149
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 29,739 30,813
Depreciation 1,146 1,058
Non cash compensation expense 3,266 3,266
Changes in operating assets and liabilities:    
Interest receivable on loans 37,068 (38,647)
Other assets (27,088) (20,594)
Accounts payable and accrued expenses (23,286) (22,927)
Deferred origination fees 22,252 10,607
Net cash provided by operating activities 1,024,015 754,725
Cash flows from investing activities:    
Issuance of short term loans (11,000,000) (9,556,000)
Collections received from loans 10,067,500 9,107,000
Net cash used in investing activities (932,500) (449,000)
Cash flows from financing activities:    
Proceeds from line of credit, net 849,559 734,199
Dividend paid (891,983) (813,503)
Cash restricted for reduction of line of credit (202,061)
Net cash used in financing activities (42,424) (281,365)
Net increase in cash and cash equivalents 49,091 24,360
Cash and cash equivalents, beginning of period 136,441 96,299
Cash and cash equivalents, end of period 185,532 120,659
Supplemental Cash Flow Information:    
Interest paid during the period $ 364,292 $ 192,231