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8) Fair Value of Financial Instruments: Fair Value Assets Measured on a Nonrecurring Basis (Tables)
 6 Months Ended
Jun. 30, 2019
As of June 30, 2019  
Fair Value Assets Measured on a Nonrecurring Basis

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

in Active

 

Significant

 

Significant

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

Identical Assets

 

Inputs

 

Inputs

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

Assets accounted for at fair value on a nonrecurring basis

 

 

 

 

 

 

 

Impaired mortgage loans held for investment

 $        137,636

 

 $                      -  

 

 $              -  

 

 $        137,636

Impaired real estate held for investment

        5,400,000

 

                         -  

 

                 -  

 

        5,400,000

Total assets accounted for at fair value on a nonrecurring basis

 $     5,537,636

 

 $                        -

 

 $                -

 

 $     5,537,636

As of December 2018  
Fair Value Assets Measured on a Nonrecurring Basis

 

 

 

 

Quoted Prices

 

 

 

 

 

 

 

in Active

 

Significant

 

Significant

 

 

 

Markets for

 

Observable

 

Unobservable

 

 

 

Identical Assets

 

Inputs

 

Inputs

 

Total

 

(Level 1)

 

(Level 2)

 

(Level 3)

Assets accounted for at fair value on a

 

 

 

 

 

 

 

nonrecurring basis

 

 

 

 

 

 

 

Impaired mortgage loans held for investment

 $     1,253,302

 

 $                      -  

 

 $              -  

 

 $     1,253,302

Impaired real estate held for investment

        1,611,384

 

                           -

 

                   -

 

        1,611,384

Total assets accounted for at fair value on a

 

 

 

 

 

 

 

   nonrecurring basis

 $     2,864,686

 

 $                        -

 

 $                -

 

 $     2,864,686