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Consolidated Statement of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
TOTAL REVENUES $ 1,882,596 $ 1,711,904
OPERATING COSTS AND EXPENSES    
Interest expense 426,490 394,824
Salaries and wages 360,699 332,123
Commission expense 240,849 251,339
Bad debts 168,105 177,053
Professional fees 105,802 51,597
Postage expense 25,366 24,688
Insurance expense 43,844 46,171
Other operating expenses 210,753 176,912
TOTAL COSTS AND EXPENSES 1,581,908 1,454,707
INCOME BEFORE INCOME TAXES 300,688 257,197
PROVISION FOR INCOME TAXES 75,623 76,943
NET INCOME 225,065 180,254
PREFERRED SHARE DIVIDENDS 17,325 17,325
NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS $ 207,740 $ 162,929
Net income per share attributable to common shareholders    
Basic $ 0.07 $ 0.06
Diluted $ 0.07 $ 0.06
Weighted average common shares outstanding    
Basic 2,905,016 2,905,016
Diluted 2,905,016 2,905,016
Finance Charge [Member]    
REVENUES    
TOTAL REVENUES $ 1,559,590 $ 1,395,581
Late Charges [Member]    
REVENUES    
TOTAL REVENUES 228,330 217,091
Origination Fees [Member]    
REVENUES    
TOTAL REVENUES $ 94,676 $ 99,232