BASIS OF PRESENTATION (Tables)

6 Months Ended

Jun. 30, 2022

Accounting Policies [Abstract]

Schedule of Earnings Per Share

The following table presents the earnings per share after preferred stock dividends calculation for the periods shown:

BASIS OF PRESENTATION

	Three months ended June 30,						Six months ended June 30,
	2022			2021			2022			2021
Numerator
Net income	$	257,401		$	1,077,551		$	158,459		$	1,200,236
Accrued preferred stock dividends		(466,613	)		(362,506	)		(933,225	)		(722,142	)
Net income (loss) applicable to common shares	$	(209,212	)	$	715,045		$	(774,766	)	$	478,094
Denominator
Weighted-average common shares outstanding		4,964,529			4,964,529			4,964,529			4,964,529
Earnings (loss) per common share after preferred dividends, basic and diluted	$	(0.04	)	$	0.14		$	(0.16	)	$	0.10