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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Redeemable Preferred Stock
Common Stock
Retained Earnings
Total
Beginning balance, shares at Dec. 31, 2017 4,427,911 4,964,529    
Beginning balance, amount at Dec. 31, 2017 $ 17,339,508 $ 8,512,489 $ 18,889,012 $ 44,741,009
Issuance of preferred stock, net, shares 234,857      
Issuance of preferred stock, net, amount $ 979,594     979,594
Preferred stock dividends declared     (1,018,915) (1,018,915)
Net income 2,858,580 2,858,580
Ending balance, shares at Dec. 31, 2018 4,662,768 4,964,529    
Ending balance, amount at Dec. 31, 2018 $ 18,319,102 $ 8,512,489 20,728,677 47,560,268
Preferred stock dividends declared     (1,026,063) (1,026,063)
Net income 2,510,901 2,510,901
Ending balance, shares at Dec. 31, 2019 4,662,768 4,964,529    
Ending balance, amount at Dec. 31, 2019 $ 18,319,102 $ 8,512,489 $ 22,213,515 $ 49,045,106