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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2021
Sep. 30, 2021
Dec. 31, 2020
ASSETS:      
Cash $ 49,396 $ 49,396 $ (39)
Investments:      
Marketable securities 892,668 892,668 1,034,868
Non-marketable securities 4,960,344 4,960,344 2,574,665
Total assets 5,902,408 5,902,408 3,609,494
LIABILITIES AND STOCKHOLDERS' EQUITY:      
Accounts payable and accrued expenses 33,998 33,998 151,121
Line of credit borrowings 350,000 350,000 350,000
Note payable 2,272,237 2,272,237 2,109,857
Note payable - related party 624,313 624,313 317,625
Interest payable - related party 170,216 170,216 139,292
Total liabilities 3,450,764 3,450,764 3,067,895
Stockholders' equity      
Preferred stock, $0.01 par value, 5,000,000 shares authorized, no shares issued and outstanding 0 0 0
Common stock, $0.01 par value, 25,000,000 shares authorized, of which 2,937,225 shares are issued and outstanding as of September 30, 2021 and December 31, 2020 29,372 29,372 29,372
Additional paid-in capital 21,839,083 21,839,083 21,839,083
Additional paid-in capital - stock options 104,809 104,809 0
Accumulated deficit (22,476,131) (22,476,131) (23,204,026)
Accumulated other comprehensive Income 1,762,930 1,762,930 1,762,930
Net income 1,610,954 1,714,155 636,814
Stockholders' Equity before Treasury Stock 2,974,218 2,974,218 1,064,173
Less: Treasury Stock, 745,536 shares, at cost (522,574) (522,574) (522,574)
Total stockholders' equity 2,451,644 2,451,644 541,599
Total liabilities and stockholders' equity $ 5,902,408 $ 5,902,408 $ 3,609,494