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1. BASIS OF PRESENTATION (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Jun. 30, 2019
Mar. 31, 2019
Sep. 30, 2018
Jun. 30, 2018
Mar. 31, 2018
Sep. 30, 2019
Sep. 30, 2018
Numerator                
Net income $ 852,200 $ 359,911 $ 426,476 $ 641,637 $ 803,255 $ 330,454 $ 1,638,587 $ 1,775,347
Accrued preferred stock dividends (256,452)     (256,438)     (769,357) (767,770)
Net income applicable to common shares $ 595,748     $ 385,199     $ 869,230 $ 1,007,577
Denominator                
Weighted average common shares 4,964,529     4,964,529     4,964,529 4,964,529
Income per common share after preferred dividends $ 0.12     $ 0.08     $ 0.18 $ .20