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Condensed Consolidated Statements of Income and Shareholders' Equity
USD ($)
$ / shares
Income Statement [Abstract]  
Revenue $ 4,056,000
Expenses:  
Operating 659,000
General and administrative 1,007,000
Total expenses 1,666,000
Income from continuing operations before income taxes 2,390,000
Income tax expense (benefit):  
Current 732,000
Deferred (70,000)
Total Income tax expense 662,000
Income from continuing operations 1,728,000
Loss on sale of discontinued operations, net of tax (Note 9) (22,000)
Net income 1,706,000
Retained earnings, beginning at Dec. 31, 2022 6,264,000
Income tax expense (benefit):  
Dividends on common stock based on 6,599,912 shares outstanding (1,386,000)
Retained earnings, ending at Sep. 30, 2023 $ 6,584,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding:  
Continuing operations | $ / shares $ 0.26
Discontinued operations | $ / shares (0)
Total basic income per common share | $ / shares $ 0.26
Revenue $ 1,313,000
Operating 227,000
General and administrative 332,000
Total expenses 559,000
Income from continuing operations before income taxes 754,000
Current 218,000
Total Income tax expense 218,000
Income from continuing operations 536,000
Loss on sale of discontinued operations, net of tax (Note 9) (2,000)
Net income 534,000
Retained earnings, beginning at Jun. 30, 2023 6,512,000
Income tax expense (benefit):  
Dividends on common stock based on 6,599,912 shares outstanding (462,000)
Retained earnings, ending at Sep. 30, 2023 $ 6,584,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding:  
Continuing operations | $ / shares $ 0.08
Discontinued operations | $ / shares (0)
Total basic income per common share | $ / shares $ 0.08
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,432,000
Class A common stock 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,591,000
Revenue 4,208,000
Operating 745,000
General and administrative 1,050,000
Total expenses 1,795,000
Income from continuing operations before income taxes 2,413,000
Current 730,000
Deferred (69,000)
Total Income tax expense 661,000
Income from continuing operations 1,752,000
Loss on sale of discontinued operations, net of tax (Note 9) (314,000)
Net income 1,438,000
Retained earnings, beginning at Dec. 31, 2023 6,743,000
Income tax expense (benefit):  
Dividends on common stock based on 6,599,912 shares outstanding (1,386,000)
Retained earnings, ending at Sep. 30, 2024 $ 6,795,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding:  
Continuing operations | $ / shares $ 0.27
Discontinued operations | $ / shares (0.05)
Total basic income per common share | $ / shares $ 0.22
Revenue $ 1,372,000
Operating 259,000
General and administrative 357,000
Total expenses 616,000
Income from continuing operations before income taxes 756,000
Current 236,000
Deferred (27,000)
Total Income tax expense 209,000
Income from continuing operations 547,000
Loss on sale of discontinued operations, net of tax (Note 9) (25,000)
Net income 522,000
Retained earnings, beginning at Jun. 30, 2024 6,735,000
Income tax expense (benefit):  
Dividends on common stock based on 6,599,912 shares outstanding (462,000)
Retained earnings, ending at Sep. 30, 2024 $ 6,795,000
Basic income (loss) per common share based upon 6,599,912 shares outstanding:  
Continuing operations | $ / shares $ 0.08
Discontinued operations | $ / shares (0)
Total basic income per common share | $ / shares $ 0.08
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending $ 7,643,000