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Consolidated Statements of Income and Retained Earnings - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Leasing revenue $ 5,075,000 $ 4,810,000
Expenses:    
Operating 922,000 846,000
General and administrative 1,337,000 1,420,000
Total expenses 2,259,000 2,266,000
Income from continuing operations before income taxes 2,816,000 2,544,000
Income tax expense:    
Current 765,000 677,000
Deferred 9,000 28,000
Total Income tax expense 774,000 705,000
Income from continuing operations 2,042,000 1,839,000
Loss on sale of discontinued operations, net of tax (Note 8) (255,000)  
Net income 1,787,000 1,839,000
Retained earnings, beginning 6,325,000 6,334,000
Dividends on common stock based on 6,599,912 shares outstanding (1,848,000) (1,848,000)
Retained earnings, ending $ 6,264,000 $ 6,325,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding    
Continuing operations $ 0.31 $ 0.28
Discontinued operations (0.04)  
Total basic income per common share $ 0.27 $ 0.28