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Balance Sheets - USD ($)
Mar. 31, 2019
Dec. 31, 2018
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 433,604 $ 2,183,441
Accounts receivable 253,639 251,535
Interest receivable 189,694 184,869
Investments 2,410 2,410
Current maturities of mortgage loans receivable, net of allowance for loan losses of $84,916 and 172,481 and deferred origination fees of $21,283 at both March 31, 2019 and December 31, 2018, respectively 1,068,436 2,241,557
Current maturities of bond portfolio, at fair value 219,000 167,000
Prepaid expenses 17,798 7,166
Total current assets 2,184,581 5,037,978
Mortgage Loans Receivable, net of current maturities, allowance of $1,504,828 and $1,499,522 and deferred origination fess of $250,630 at both March 31, 2019 and December 31, 2018, respectively 19,060,728 19,422,182
Bond Portfolio, at fair value, net of current maturities 15,983,937 15,222,807
Real Estate Held for Sale 327,925 340,659
Total Assets 37,557,171 40,023,626
Current Liabilities    
Current maturities of secured investor certificates 2,780,000 4,105,000
Accounts payable 113,359 604,876
Dividends payable 92,279 142,613
Total current liabilities 2,985,638 4,852,489
Secured Investor Certificates, Series B, net of current maturities 7,454,000 8,880,000
Secured Investor Certificates, Series C, net of current maturities 6,231,000 5,659,000
Secured Investor Certificates, Series D, net of current maturities 7,899,000 7,956,000
Secured Investor Certificates, Series E 3,187,000 2,786,000
(Less) Deferred Offering Costs, net of accumulated amortization of $1,086,783 and $1,059,702 at March 31, 2019 and December 31, 2018, respectively 880,142 886,411
Total liabilities 26,876,496 29,247,078
Stockholders' Equity    
Common stock, par value $.01 per share, Authorized, 30,000,000 shares, Issued and outstanding, 1,677,798 shares at March 31, 2019 and December 31, 2018, respectively 16,778 16,778
Additional paid-in capital 19,113,458 19,113,458
Accumulated deficit (8,449,561) (8,353,688)
Total stockholders' equity 10,680,675 10,776,548
Total Liabilities and Stockholders' Equity $ 37,557,171 $ 40,023,626