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Balance Sheets - USD ($)
Jun. 30, 2018
Dec. 31, 2017
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 2,929,684 $ 502,490
Accounts receivable 255,400 260,785
Interest receivable 178,745 176,365
Investments 2,410 2,410
Current maturities of mortgage loans receivable, net of allowance for loan losses of $72,672 and $88,113 and deferred origination fees of $20,886 and $28,956 at June 30, 2018 and December 31, 2017, respectively 948,929 1,373,463
Current maturities of bond portfolio, at fair value 147,000 139,000
Prepaid expenses 21,259 2,598
Total current assets 4,483,427 2,457,111
Mortgage Loans Receivable, net of current maturities, allowance of $1,512,217 and $1,340,042 and deferred origination fess of $264,647 and $256,578 at June 30, 2018 and December 31, 2017, respectively 19,916,045 21,071,635
Bond Portfolio, at fair value, net of current maturities 14,689,755 14,090,755
Real Estate Held for Sale 225,872 225,872
Deferred Offering Costs, net of accumulated amortization of $1,006,206 and $1,222,243 at June 30, 2018 and December 31, 2017, respectively 875,052 839,377
Total Assets 40,190,151 38,684,750
Current Liabilities    
Current maturities of secured investor certificates 4,342,000 4,116,000
Accounts payable 88,522 56,847
Management fee payable 26,878
Dividends payable 33,556 117,446
Total current liabilities 4,490,956 4,290,293
Secured Investor Certificates, Series B, net of current maturities 8,370,000 8,825,000
Secured Investor Certificates, Series C, net of current maturities 6,140,000 6,148,000
Secured Investor Certificates, Series D 8,234,000 8,234,000
Secured Investor Certificates, Series E 2,020,000
Total liabilities 29,254,956 27,497,293
Stockholders' Equity    
Common stock, par value $.01 per share, Authorized, 30,000,000 shares, Issued and outstanding, 1,677,798 shares at June 30, 2018 and December 31, 2017, respectively 16,778 16,778
Additional paid-in capital 19,113,458 19,113,458
Accumulated deficit (8,195,041) (7,942,779)
Total stockholders' equity 10,935,195 11,187,457
Total Liabilities and Stockholders' Equity $ 40,190,151 $ 38,684,750