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Balance Sheets - USD ($)
Jun. 30, 2020
Dec. 31, 2019
Statement of Financial Position [Abstract]    
Cash and cash equivalents $ 50,853 $ 191,987
Accounts receivable 90,806 125,539
Interest receivable 174,702 185,190
Investments 2,410
Prepaid expenses 13,117 13,121
Mortgage Loans Receivable, net of allowance of $1,477,195 and $1,429,487 at June 30, 2020 and December 31, 2019, repsectively and deferred origination fees of $266,033 and $278,633 at June 30, 2020 and December 31, 2019, respectively 17,693,198 20,717,058
Bond Portfolio 17,619,937 16,055,937
Real Estate Held for Sale 550,045 651,398
Total Assets 36,192,658 37,942,640
LIABILITIES    
Accounts payable 3,950 12,311
Management fee payable 23,289 27,255
Line of credit 1,199,000 1,445,000
Dividends payable 16,766 125,835
Secured Investor Certificates, Series B 7,486,250 8,855,000
Secured Investor Certificates, Series C 6,289,000 6,324,000
Secured Investor Certificates, Series D 8,054,000 8,109,000
Secured Investor Certificates, Series E 3,738,000 3,562,000
(Less) Deferred Offering Costs, net of accumulated amortization of $956,811 and $1,059,702 at December 31, 2019 and 2018, respectively 816,939 865,533
Total liabilities 25,993,316 27,594,868
Stockholders' Equity    
Common Stock, par value $.01 per share authorized, 30,000,000 shares, issued and outstanding, 1,676,598 shares at June 30, 2020 and 1,677,798 shares at December 31, 2019, respectively 16,766 16,778
Additional paid-in capital 19,111,060 19,113,458
Accumulated deficit (8,928,484) (8,782,464)
Total stockholders equity 10,199,342 10,349,062
Total liabilities and stockholders equity $ 36,192,658 $ 37,942,640