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1. BASIS OF PRESENTATION (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Mar. 31, 2019
Jun. 30, 2020
Jun. 30, 2019
Numerator            
Net income $ 620,421 $ 787,082 $ 359,911 $ 426,476 $ 1,407,503 $ 786,387
Accrued preferred stock dividends (256,452)   (256,452)   (512,904) (512,904)
Net income applicable to common shares $ 363,969   $ 103,459   $ 894,599 $ 273,483
Denominator            
Weighted-average common shares 4,964,529   4,964,529   4,964,529 4,964,529
Earnings per common share after preferred dividends $ 0.07   $ 0.02   $ 0.18 $ 0.06