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Consolidated Balance Sheets - USD ($)
Dec. 31, 2017
Dec. 31, 2016
Assets    
Loans receivable $ 45,124,000 $ 34,755,320
Interest receivable on loans 535,045 346,519
Cash and cash equivalents 136,441 96,299
Deferred financing costs 45,269 56,193
Other assets 55,941 79,193
Total assets 45,896,696 35,333,524
Liabilities:    
Line of credit 16,914,594 6,482,848
Senior secured notes (net of deferred financing costs of $622,584 and $697,669) 5,377,416 5,302,331
Deferred origination fees 298,471 315,411
Accounts payable and accrued expenses 167,559 105,541
Dividends payable 891,983 813,503
Total liabilities 23,650,023 13,019,634
Stockholders' equity:    
Preferred shares - $.01 par value; 5,000,000 shares authorized; none issued
Common shares - $.001 par value; 25,000,000 authorized; 8,319,036 and 8,312,036 issued; 8,108,934 and 8,135,036 outstanding 8,319 8,312
Additional paid-in capital 23,167,511 23,134,013
Treasury stock, at cost - 210,102 and 177,000 shares (541,491) (369,335)
Accumulated deficit (387,666) (459,100)
Total stockholders' equity 22,246,673 22,313,890
Total liabilities and stockholders' equity $ 45,896,696 $ 35,333,524