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Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities    
Net (loss) $ (3,594) $ (25,425)
Adjustments to reconcile net (loss) income to net cash from operating activites:    
Net loss on sales and impairment on real estate held for sale 12,734
Provision for losses on mortgage loans receivable 18,278 109,234
Amortization of deferred offering costs 27,081 26,073
Accounts receivable (2,104) 15,946
Interest receivable (4,825) 2,090
Prepaid expenses (10,632) (13,302)
Accounts payable (491,517) (19,263)
Net cash (used for) provided by operating activities (404,579) 95,353
Cash Flows from Investing Activities    
Collections of mortgage loans 1,616,833 936,878
Investment in bonds (895,000) (151,000)
Proceeds from bonds 31,870 37,000
Proceeds from real estate held for sale (100,537)
Net cash provided by (used for) investing activities 653,166 822,878
Cash Flows from Financing Activities    
Proceeds from the sale of secured investor certificates 401,000 1,677,000
Payments on secured investor certificate maturities (2,236,000) (117,000)
Payments for deferred costs (20,811) (74,210)
Dividends paid (142,613) (117,446)
Net cash (used for) provided by financing activities (1,998,424) 1,368,344
Net (Decrease) Increase in Cash and Cash Equivalents (1,749,837) 2,286,575
Cash and Cash Equivalents - Beginning Period 2,183,441 502,490
Cash and Equivalents - Ending Period $ 433,604 $ 2,789,065