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Subsequent Events
12 Months Ended
Dec. 31, 2021
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

13. SUBSEQUENT EVENTS

 

On February 7, 2022, we entered into a real estate sale contract to sell our parcel of land in Batavia, Illinois for $722,000 and expect our net proceeds, if the sale is consummated, after the payment of fees, real estate taxes, brokerage and legal fees, transfer and withholding taxes and other expenses to be approximately $600,000.

 

The closing of the sale of the Property is subject to certain conditions precedent. There is currently no anticipated closing date.

 

During February and March 2022, the Company settled liabilities that were accrued in prior years resulting in a gain of approximately $200,000.