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STATEMENTS OF SHAREHOLDERS' EQUITY (Unaudited) - USD ($)
Redeemable Preferred Stock
Common Stock
Retained Earnings
Total
Beginning balance, shares at Dec. 31, 2018 4,662,768 4,964,529    
Beginning balance, amount at Dec. 31, 2018 $ 18,319,102 $ 8,512,489 $ 20,728,677 $ 47,560,268
Preferred stock dividends accrued 256,452   (256,452) 0
Net income 426,476 426,476
Ending balance, shares at Mar. 31, 2019 4,662,768 4,964,529    
Ending balance, amount at Mar. 31, 2019 $ 18,575,554 $ 8,512,489 20,898,701 47,986,744
Beginning balance, shares at Dec. 31, 2018 4,662,768 4,964,529    
Beginning balance, amount at Dec. 31, 2018 $ 18,319,102 $ 8,512,489 20,728,677 47,560,268
Net income       786,387
Ending balance, shares at Jun. 30, 2019 4,662,768 4,964,529    
Ending balance, amount at Jun. 30, 2019 $ 18,832,006 $ 8,512,489 21,002,160 48,346,655
Beginning balance, shares at Mar. 31, 2019 4,662,768 4,964,529    
Beginning balance, amount at Mar. 31, 2019 $ 18,575,554 $ 8,512,489 20,898,701 47,986,744
Preferred stock dividends accrued $ 256,452   (256,452) 0
Net income     359,911 359,911
Ending balance, shares at Jun. 30, 2019 4,662,768 4,964,529    
Ending balance, amount at Jun. 30, 2019 $ 18,832,006 $ 8,512,489 21,002,160 48,346,655
Beginning balance, shares at Dec. 31, 2019 4,662,768 4,964,529    
Beginning balance, amount at Dec. 31, 2019 $ 18,319,102 $ 8,512,489 22,213,515 49,045,106
Preferred stock dividends accrued 256,452   (256,452) 0
Net income 787,082 787,082
Ending balance, shares at Mar. 31, 2020 4,662,768 4,964,529    
Ending balance, amount at Mar. 31, 2020 $ 18,575,554 $ 8,512,489 22,744,145 49,832,188
Beginning balance, shares at Dec. 31, 2019 4,662,768 4,964,529    
Beginning balance, amount at Dec. 31, 2019 $ 18,319,102 $ 8,512,489 22,213,515 49,045,106
Net income       1,407,503
Ending balance, shares at Jun. 30, 2020 4,662,768 4,964,529    
Ending balance, amount at Jun. 30, 2020 $ 18,832,006 $ 8,512,489 23,108,114 50,452,609
Beginning balance, shares at Mar. 31, 2020 4,662,768 4,964,529    
Beginning balance, amount at Mar. 31, 2020 $ 18,575,554 $ 8,512,489 22,744,145 49,832,188
Preferred stock dividends accrued 256,452   (256,452) 0
Net income 620,421 620,421
Ending balance, shares at Jun. 30, 2020 4,662,768 4,964,529    
Ending balance, amount at Jun. 30, 2020 $ 18,832,006 $ 8,512,489 $ 23,108,114 $ 50,452,609