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STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Preferred Stock
Series II, Class B
Preferred Stock
Series III, Class B
Common stock
Additional Paid-In Capital
Retained Earnings (Accumulated Deficit)
Treasury Stock
Total
Balance at Dec. 31, 2020 $ 156,200 $ 106,745   $ 59,285,401 $ (9,668,221)   $ 49,880,125
Balance (in shares) at Dec. 31, 2020 156,200 106,745 33,957,204        
Increase (Decrease) in Stockholders' Equity              
Conversion of Preferred Stock into Common Stock   $ (30,500)   30,500      
Conversion of Preferred Stock into Common Stock (in shares)   (30,500) 30,500        
Stock Option Exercises       48,600     48,600
Stock Option Exercises (in shares)     25,400        
Dividends         (5,213,591)   (5,213,591)
Stock Option Compensation       3,660,387     3,660,387
Repurchase of Common Stock - at cost           $ (5,270,501) (5,270,501)
Repurchase of Common Stock - at cost (in shares)     (528,169)        
Net Income (Loss)         56,064,241   56,064,241
Balance at Dec. 31, 2021 $ 156,200 $ 76,245   63,024,888 41,182,429 (5,270,501) 99,169,261
Balance (in shares) at Dec. 31, 2021 156,200 76,245 33,484,935        
Increase (Decrease) in Stockholders' Equity              
Conversion of Preferred Stock into Common Stock (in shares) 0 0          
Stock Option Exercises       13,800     13,800
Stock Option Exercises (in shares)     11,200        
Dividends         (232,445)   (232,445)
Stock Option Compensation       10,125,813     10,125,813
Repurchase of Common Stock - at cost           (7,618,177) (7,618,177)
Repurchase of Common Stock - at cost (in shares)     (3,558,976)        
Net Income (Loss)         5,078,557   5,078,557
Balance at Dec. 31, 2022 $ 156,200 $ 76,245   73,164,501 46,028,541 (12,888,678) 106,536,809
Balance (in shares) at Dec. 31, 2022 156,200 76,245 29,937,159        
Increase (Decrease) in Stockholders' Equity              
Conversion of Preferred Stock into Common Stock (in shares) 0 (2,000)          
Redemption   $ (2,000)   (4,168)     (6,168)
Redemption (in shares)   (2,000)          
Dividends         (231,946)   (231,946)
Net Income (Loss)         (7,011,036)   (7,011,036)
Balance at Dec. 31, 2023 $ 156,200 $ 74,245   $ 73,160,333 $ 38,785,559 $ (12,888,678) $ 99,287,659
Balance (in shares) at Dec. 31, 2023 156,200 74,245 29,937,159