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1. BASIS OF PRESENTATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Numerator        
Net income $ 803,255 $ 593,501 $ 1,133,710 $ 908,630
Accrued preferred stock dividends (256,438) (131,833) (511,332) (263,665)
Net income applicable to common shares $ 546,817 $ 461,668 $ 622,378 $ 644,965
Denominator        
Weighted average number of common shares outstanding 4,964,529 4,994,407 4,964,529 5,000,046
Income per common share after preferred dividends $ 0.11 $ 0.09 $ 0.13 $ 0.13