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Accumulated Other Comprehensive Loss (Tables)
12 Months Ended
Dec. 31, 2020
Equity [Abstract]  
Schedule of Components of Accumulated Other Comprehensive Loss

The components of accumulated other comprehensive loss included in stockholders’ equity are as follows:

 

    December 31,  
    2020     2019  
             
Unrealized net loss on pension plan   $ (1,587,911 )   $ (1,534,166 )
Unrealized gain on securities available for sale     619,184       62,528  
                 
Accumulated other comprehensive loss before taxes     (968,727 )     (1,471,638 )
                 
Tax effect     203,407       309,042  
                 
Accumulated other comprehensive loss   $ (765,320 )   $ (1,162,596 )