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Consolidated Statements of Income and Retained Earnings - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Income Statement [Abstract]    
Leasing revenue $ 5,525,000 $ 5,075,000
Expenses:    
Operating 882,000 922,000
General and administrative 1,394,000 1,337,000
Total expenses 2,276,000 2,259,000
Income from continuing operations before income taxes 3,249,000 2,816,000
Income tax expense:    
Current 885,000 765,000
Deferred 13,000 9,000
Total Income tax expense 898,000 774,000
Income from continuing operations 2,351,000 2,042,000
Loss on sale of discontinued operations, net of tax (Note 9) (24,000) (255,000)
Net income 2,327,000 1,787,000
Retained earnings, beginning 6,264,000 6,325,000
Dividends on common stock based on 6,599,912 shares outstanding (1,848,000) (1,848,000)
Retained earnings, ending $ 6,743,000 $ 6,264,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding    
Continuing operations $ 0.35 $ 0.31
Discontinued operations 0 (0.04)
Total basic income per common share $ 0.35 $ 0.27