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Condensed Consolidated Statements of Income and Shareholders' Equity
USD ($)
$ / shares
Income Statement [Abstract]  
Leasing revenue $ 2,615,000
Expenses:  
Operating 539,000
General and administrative 665,000
Total expenses 1,204,000
Income from operations before income taxes 1,411,000
Income tax expense (benefit):  
Current 462,000
Deferred (75,000)
Total Income tax expense 387,000
Income from continuing operations 1,024,000
Loss on sale of discontinued operations, net of tax (Note 9) (51,000)
Net income 973,000
Retained earnings, beginning at Dec. 31, 2021 6,325,000
Income tax expense (benefit):  
Dividends on common stock ($.07 per share) based upon 6,599,912 shares outstanding (924,000)
Retained earnings, ending at Jun. 30, 2022 $ 6,374,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding  
Continuing operations | $ / shares $ 0.15
Basic income per common share based upon 6,599,912 shares outstanding | $ / shares $ 0.15
Leasing revenue $ 1,452,000
Operating 286,000
General and administrative 273,000
Total expenses 559,000
Income from operations before income taxes 893,000
Current 282,000
Deferred (43,000)
Total Income tax expense 239,000
Income from continuing operations 654,000
Loss on sale of discontinued operations, net of tax (Note 9) (51,000)
Net income 603,000
Retained earnings, beginning at Mar. 31, 2022 6,233,000
Income tax expense (benefit):  
Dividends on common stock ($.07 per share) based upon 6,599,912 shares outstanding (462,000)
Retained earnings, ending at Jun. 30, 2022 $ 6,374,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding  
Continuing operations | $ / shares $ 0.09
Basic income per common share based upon 6,599,912 shares outstanding | $ / shares $ 0.09
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,222,000
Class A common stock 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,112,000
Leasing revenue 2,743,000
Operating 432,000
General and administrative 675,000
Total expenses 1,107,000
Income from operations before income taxes 1,636,000
Current 514,000
Deferred (70,000)
Total Income tax expense 444,000
Income from continuing operations 1,192,000
Loss on sale of discontinued operations, net of tax (Note 9) (20,000)
Net income 1,172,000
Retained earnings, beginning at Dec. 31, 2022 6,264,000
Income tax expense (benefit):  
Dividends on common stock ($.07 per share) based upon 6,599,912 shares outstanding (924,000)
Retained earnings, ending at Jun. 30, 2023 $ 6,512,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding  
Continuing operations | $ / shares $ 0.18
Basic income per common share based upon 6,599,912 shares outstanding | $ / shares $ 0.18
Leasing revenue $ 1,492,000
Operating 207,000
General and administrative 323,000
Total expenses 530,000
Income from operations before income taxes 962,000
Current 302,000
Deferred (47,000)
Total Income tax expense 255,000
Income from continuing operations 707,000
Loss on sale of discontinued operations, net of tax (Note 9) (20,000)
Net income 687,000
Retained earnings, beginning at Mar. 31, 2023 6,287,000
Income tax expense (benefit):  
Dividends on common stock ($.07 per share) based upon 6,599,912 shares outstanding (462,000)
Retained earnings, ending at Jun. 30, 2023 $ 6,512,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding  
Continuing operations | $ / shares $ 0.1
Basic income per common share based upon 6,599,912 shares outstanding | $ / shares $ 0.1
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending $ 7,360,000