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Properties and equipment
12 Months Ended
Dec. 31, 2021
Property Plant And Equipment [Abstract]  
Properties and equipment

3.

Properties and equipment:

Properties and equipment consist of the following:

 

 

 

Estimated Useful

 

 

December 31,

 

 

 

Life in Years

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Land and land improvements on lease or held for lease:

 

 

 

 

 

$

4,439,000

 

 

$

4,439,000

 

Building and improvements, Steeple Street (Note 6)

 

 

30

 

 

 

2,582,000

 

 

 

2,582,000

 

Office equipment

 

5-10

 

 

 

67,000

 

 

 

67,000

 

 

 

 

 

 

 

 

7,088,000

 

 

 

7,088,000

 

Less accumulated depreciation:

 

 

 

 

 

 

 

 

 

 

 

 

Land improvements on lease or held for lease

 

 

 

 

 

 

93,000

 

 

 

93,000

 

Steeple Street property (Note 6)

 

 

 

 

 

 

258,000

 

 

 

172,000

 

Office equipment

 

 

 

 

 

 

67,000

 

 

 

67,000

 

 

 

 

 

 

 

 

418,000

 

 

 

332,000

 

 

 

 

 

 

 

$

6,670,000

 

 

$

6,756,000