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Loans Receivable | 3 Months Ended
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Mar. 31, 2023
Receivables [Abstract] |
Loans Receivable | Note 6. Loans Receivable Commercial real estate loans receivable, net consist of the following: Schedule of Commercial Real Estate Loans Receivable
|  | March 31, 2023 |  |  | December 31, 2022 |
Commercial real estate loans receivable, gross |  | $ | 413,292 |  |  | $ | 1,432,560 |
Less: loan origination charges |  |  | (103,476 | ) |  |  | (109,081 | )
Commercial real estate loans receivable, net |  |  | 309,816 |  |  |  | 1,323,479 |
Allowance for credit losses |  |  | (21,078 | ) |  |  | (21,488 | )
Commercial real estate loans receivable, net |  |  | 288,738 |  |  |  | 1,301,991 |
Current portion |  |  | (11,728 | ) |  |  | (51,300 | )
Noncurrent portion |  | $ | 277,010 |  |  | $ | 1,250,691 |
Allowance for Credit Losses The allowance for credit losses is maintained at a level believed to be sufficient to provide for estimated credit losses based on evaluating known and inherent risks in the loan portfolio. The allowance is provided based upon management’s analysis of the pertinent factors underlying the quality of the loan portfolio. These factors include changes in the amount and composition of the loan portfolio, delinquency levels, actual loss experience, current economic conditions, and detailed analysis of individual loans for which the full collectability may not be assured. The detailed analysis includes methods to estimate the fair value of loan collateral and the existence of potential alternative sources of repayment. The allowance may consist of specific and general components. While the allowance may consist of general and specific components, the allowance is general in nature and is available for the loan portfolio in its entirety. The allowance for credit losses consist of the following activity for the three months ended March 31, 2023 and year ended March 31, 2022: Schedule of Allowance For Loan Losses
|  | March 31, 2023 |  |  | March 31, 2022 |
Allowance for credit losses |  |  |  |  |  |  |  |
Beginning balance |  | $ | 21,488 |  |  | $ | 14,741 |
Cumulative effect from adoption of CECL |  |  | 14,980 |  |  |  | - |
Charge-offs |  |  | - |  |  |  | - |
Recoveries |  |  | (15,390 | ) |  |  | - |
Provision |  |  | - |  |  |  | 9,805 |
Ending balance |  | $ | 21,078 |  |  | $ | 24,546 |
Loans receivable: |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | - |  |  | $ | - |
Collectively evaluated for impairment |  |  | 413,292 |  |  |  | 1,465,482 |
|  | $ | 413,292 |  |  | $ | 1,465,482 |
Allowance for credit losses: |  |  |  |  |  |  |  |
Individually evaluated for impairment |  | $ | - |  |  | $ | - |
Collectively evaluated for impairment |  |  | 21,078 |  |  |  | 24,546 |
|  | $ | 21,078 |  |  | $ | 24,546 |
At March 31, 2023 and December 31, 2022, no loans were past due, classified as non-accrual or considered impaired. Credit quality of loans: As part of the on-going monitoring of the credit quality of the Company’s loan portfolio, management tracks credit quality indicators based on the loan payment status on monthly basis. All the loans outstanding on March 31, 2023, are evaluated based on their payment status, which is considered as the most meaningful indicator of credit quality.

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- Definition The entire disclosure for claims held for amounts due a entity, excluding financing receivables. Examples include, but are not limited to, trade accounts receivables, notes receivables, loans receivables. Includes disclosure for allowance for credit losses. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 310 -SubTopic 10 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//310-10/tableOfContent + Details
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- References No definition available. + Details
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