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Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash Flows from Operating Activities    
Net income (loss) $ 52,843 $ (3,594)
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
Other than temporary investements on bond portfolio 50,000
Amortization of loan origination discounts (12,600)
Amortization of deferred offering costs 35,805 27,081
Accounts receivable 15,742 (2,104)
Interest receivable (1,780) (4,825)
Prepaid expenses (6,408) (10,632)
Accounts payable (8,436) (491,517)
Management Fee payable 20,969
Net cash provided by (used for) operating activities 96,135 (404,579)
Cash Flows from Investing Activities    
Collections of mortgage loans 2,874,627 1,616,833
Investment in bonds (1,452,000) (895,000)
Proceeds from bonds 59,000 31,870
Proceeds from real estate held for sale (100,537)
Net cash provided by investing activities 1,481,627 653,166
Cash Flows from Financing Activities    
Net increase in secured investor certificates (745,000) (1,835,000)
Payments for deferred costs (6,744) (20,811)
Net change in short term borrowings (845,000)
Dividends paid (125,835) (142,613)
Net cash (used for) provided by financing activities (1,722,579) (1,998,424)
Net (Decrease) in Cash and Cash Equivalents (144,817) (1,749,837)
Cash and Cash Equivalents - Beginning Period 191,987 2,183,441
Cash and Equivalents - Ending Period $ 47,170 $ 433,604