1. BASIS OF PRESENTATION (Tables)

3 Months Ended

Mar. 31, 2021

Organization, Consolidation and Presentation of Financial Statements [Abstract]

Earnings per share

	Three months ended March 31,
	2021			2020
Numerator
Net income	$	122,685		$	787,082
Accrued preferred stock dividends		(359,636	)		(256,452	)
Net income (loss) applicable to common shares	$	(236,951	)	$	530,630
Denominator
Weighted-average common shares outstanding		4,964,529			4,964,529
Earnings (loss) per common share after preferred dividends	$	(0.05	)	$	0.11