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Condensed Consolidated Statements of Income and Shareholders' Equity
USD ($)
$ / shares
Income Statement [Abstract]  
Leasing revenue $ 2,264,000
Expenses:  
Operating 327,000
General and administrative 724,000
Total expenses 1,051,000
Income from operations before income taxes 1,213,000
Income tax expense (benefit):  
Current 401,000
Deferred (66,000)
Total Income tax expense 335,000
Net income 878,000
Retained earnings, beginning at Dec. 31, 2020 6,334,000
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, 2021 $ 6,288,000
Income tax expense (benefit):  
Basic income per common share based upon 6,599,912 shares outstanding | $ / shares $ 0.13
Leasing revenue $ 1,216,000
Operating 163,000
General and administrative 371,000
Total expenses 534,000
Income from operations before income taxes 682,000
Current 209,000
Deferred (22,000)
Total Income tax expense 187,000
Net income 495,000
Retained earnings, beginning at Mar. 31, 2021 6,255,000
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, 2021 $ 6,288,000
Income tax expense (benefit):  
Basic income per common share based upon 6,599,912 shares outstanding | $ / shares $ 0.08
Class A common stock $ 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,136,000
Class A common stock 66,000
Capital in excess of par 782,000
Shareholders' equity, ending 7,173,000
Leasing revenue 2,615,000
Operating 539,000
General and administrative 735,000
Total expenses 1,274,000
Income from operations before income taxes 1,341,000
Current 443,000
Deferred (75,000)
Total Income tax expense 368,000
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
Income tax expense (benefit):  
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 343,000
Total expenses 629,000
Income from operations before income taxes 823,000
Current 263,000
Deferred (43,000)
Total Income tax expense 220,000
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
Income tax expense (benefit):  
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