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Statements of Operations - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Interest and Other Income $ 604,247 $ 648,471 $ 1,232,224 $ 1,346,023
Interest Expense 438,835 457,333 902,325 920,803
Net Interest Income 165,412 191,138 329,899 425,220
Provision for losses on mortgage loans receivable 64,284 30,463 47,708 48,741
Net Interest Income after Provision for Mortgage Losses 101,128 160,675 282,191 374,479
Operating Expenses        
Other than temporary impairment on bond portfolio 35,000 50,000 35,000 100,000
Other operating expenses 196,672 183,975 309,333 310,559
Operating Income (Loss) 231,672 233,975 344,333 410,559
Net Income (Loss) $ (130,544) $ 91,866 $ (62,142) $ (34,080)
Basic and Diluted (Loss) Income Per Share $ (.08) $ (.04) $ (.04) $ (.02)
Dividends Declared Per Share $ (16,766) $ (293,615) $ .05 $ .12
Weighted Average Common Shares Outstanding - Basic and Diluted 1,676,598 1,677,798 1,677,198 1,677,798