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Condensed Consolidated Statements of Income and Shareholders' Equity
USD ($)
$ / shares
Income Statement [Abstract]  
Revenue $ 2,743,000
Expenses:  
Operating 432,000
General and administrative 675,000
Total expenses 1,107,000
Income from continuing operations before income taxes 1,636,000
Income tax expense:  
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:  
Dividends on common stock based on 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
Discontinued operations | $ / shares (0)
Total basic income per common share | $ / shares $ 0.18
Revenue $ 1,492,000
Operating 207,000
General and administrative 323,000
Total expenses 530,000
Income from continuing 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:  
Dividends on common stock based on 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
Discontinued operations | $ / shares (0)
Total basic income per common share | $ / shares $ 0.1
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,360,000
Class A common stock 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,591,000
Revenue 2,836,000
Operating 486,000
General and administrative 693,000
Total expenses 1,179,000
Income from continuing operations before income taxes 1,657,000
Current 493,000
Deferred (42,000)
Total Income tax expense 451,000
Income from continuing operations 1,206,000
Loss on sale of discontinued operations, net of tax (Note 9) (290,000)
Net income 916,000
Retained earnings, beginning at Dec. 31, 2023 6,743,000
Income tax expense:  
Dividends on common stock based on 6,599,912 shares outstanding (924,000)
Retained earnings, ending at Jun. 30, 2024 $ 6,735,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding:  
Continuing operations | $ / shares $ 0.18
Discontinued operations | $ / shares (0.04)
Total basic income per common share | $ / shares $ 0.14
Revenue $ 1,494,000
Operating 227,000
General and administrative 325,000
Total expenses 552,000
Income from continuing operations before income taxes 942,000
Current 305,000
Deferred (26,000)
Total Income tax expense 279,000
Income from continuing operations 663,000
Loss on sale of discontinued operations, net of tax (Note 9) (235,000)
Net income 428,000
Retained earnings, beginning at Mar. 31, 2024 6,769,000
Income tax expense:  
Dividends on common stock based on 6,599,912 shares outstanding (462,000)
Retained earnings, ending at Jun. 30, 2024 $ 6,735,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding:  
Continuing operations | $ / shares $ 0.11
Discontinued operations | $ / shares (0.04)
Total basic income per common share | $ / shares $ 0.07
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending $ 7,583,000