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Condensed Consolidated Statements of Shareholders' Equity (Unaudited) - USD ($)
Total
Preferred Stock
Common Stock
Additional Paid-in Capital
Retained Earnings
Treasury Stock, Common
Beginning Balance at Dec. 31, 2022 $ 30,986,798 $ 0 $ 1,138,096 $ 447,134 $ 33,323,666 $ (3,922,098)
Common Stock Shares at Dec. 31, 2022     966,132      
Treasury Stock Shares at Dec. 31, 2022           171,964
Net Income (loss) (583,137)       (583,137)  
Dividends declared (212,549)       (212,549)  
Ending Balance at Mar. 31, 2023 30,191,112 0 $ 1,138,096 447,134 32,527,980 $ (3,922,098)
Common Stock Shares at Mar. 31, 2023     966,132      
Treasury Stock Shares at Mar. 31, 2023           171,964
Beginning Balance at Dec. 31, 2022 30,986,798 0 $ 1,138,096 447,134 33,323,666 $ (3,922,098)
Common Stock Shares at Dec. 31, 2022     966,132      
Treasury Stock Shares at Dec. 31, 2022           171,964
Net Income (loss) (2,858,685)          
Ending Balance at Sep. 30, 2023 27,606,402 0 $ 1,138,096 447,134 29,943,270 $ (3,922,098)
Common Stock Shares at Sep. 30, 2023     966,132      
Treasury Stock Shares at Sep. 30, 2023           171,964
Beginning Balance at Mar. 31, 2023 30,191,112 0 $ 1,138,096 447,134 32,527,980 $ (3,922,098)
Common Stock Shares at Mar. 31, 2023     966,132      
Treasury Stock Shares at Mar. 31, 2023           171,964
Net Income (loss) (1,311,506)       (1,311,506)  
Dividends declared (212,549)       (212,549)  
Ending Balance at Jun. 30, 2023 28,667,057 0 $ 1,138,096 447,134 31,003,925 $ (3,922,098)
Common Stock Shares at Jun. 30, 2023     966,132      
Treasury Stock Shares at Jun. 30, 2023           171,964
Net Income (loss) (964,042)       (964,042)  
Dividends declared (96,613)       (96,613)  
Ending Balance at Sep. 30, 2023 27,606,402 0 $ 1,138,096 447,134 29,943,270 $ (3,922,098)
Common Stock Shares at Sep. 30, 2023     966,132      
Treasury Stock Shares at Sep. 30, 2023           171,964
Beginning Balance at Dec. 31, 2023 $ 25,966,889 0 $ 1,138,096 447,134 28,303,757 $ (3,922,098)
Common Stock Shares at Dec. 31, 2023 966,132   966,132      
Treasury Stock Shares at Dec. 31, 2023 171,964         171,964
Net Income (loss) $ (698,004)       (698,004)  
Dividends declared (96,613)       (96,613)  
Ending Balance at Mar. 31, 2024 25,172,272 0 $ 1,138,096 447,134 27,509,140 $ (3,922,098)
Common Stock Shares at Mar. 31, 2024     966,132      
Treasury Stock Shares at Mar. 31, 2024           171,964
Beginning Balance at Dec. 31, 2023 $ 25,966,889 0 $ 1,138,096 447,134 28,303,757 $ (3,922,098)
Common Stock Shares at Dec. 31, 2023 966,132   966,132      
Treasury Stock Shares at Dec. 31, 2023 171,964         171,964
Net Income (loss) $ (2,002,484)          
Ending Balance at Sep. 30, 2024 $ 23,674,565 0 $ 1,138,096 447,134 26,011,433 $ (3,922,098)
Common Stock Shares at Sep. 30, 2024 966,132   966,132      
Treasury Stock Shares at Sep. 30, 2024 171,964         171,964
Beginning Balance at Mar. 31, 2024 $ 25,172,272 0 $ 1,138,096 447,134 27,509,140 $ (3,922,098)
Common Stock Shares at Mar. 31, 2024     966,132      
Treasury Stock Shares at Mar. 31, 2024           171,964
Net Income (loss) 142,141       142,141  
Dividends declared (96,613)       (96,613)  
Ending Balance at Jun. 30, 2024 25,217,800 0 $ 1,138,096 447,134 27,554,668 $ (3,922,098)
Common Stock Shares at Jun. 30, 2024     966,132      
Treasury Stock Shares at Jun. 30, 2024           171,964
Net Income (loss) (1,446,621)       (1,446,621)  
Dividends declared (96,613)       (96,613)  
Ending Balance at Sep. 30, 2024 $ 23,674,565 $ 0 $ 1,138,096 $ 447,134 $ 26,011,433 $ (3,922,098)
Common Stock Shares at Sep. 30, 2024 966,132   966,132      
Treasury Stock Shares at Sep. 30, 2024 171,964         171,964