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STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($)
Redeemable Preferred Stock
Common Stock
Retained Earnings
Total
Beginning balance, shares at Dec. 31, 2018 4,662,768 4,964,529    
Beginning 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
Issuance of preferred stock, net, shares 1,646,740      
Issuance of preferred stock, net, amount $ 7,498,203     7,498,203
Preferred stock dividends declared     (1,116,378) (1,116,378)
Net income 3,394,996 3,394,996
Ending balance, shares at Dec. 31, 2020 6,309,508 4,964,529    
Ending balance, amount at Dec. 31, 2020 $ 25,817,305 $ 8,512,489 $ 24,492,133 $ 58,821,927