Quarterly report pursuant to Section 13 or 15(d)

Significant Accounting Policies (Details)

v3.23.1
Significant Accounting Policies (Details) - USD ($)
1 Months Ended 3 Months Ended
Jan. 01, 2023
Jan. 31, 2023
Mar. 31, 2023
Mar. 31, 2022
Dec. 31, 2022
Significant Accounting Policies          
Less, CECL Allowance   $ 2,082,000 $ 2,082,000   $ 105,000
Loan pre foreclosure amount     40,600,000   24,000,000.0
Pre-foreclosure an allowance for credit loss     0   0
CECL allowance for interest     30,100    
CECL fees receivables $ 26,100        
Uncertain tax positions     0 $ 0  
Retained earnings     (6,289,257)   $ (7,995,143)
Increase in CECL allowance for interest 4,000 4,000      
Increase in CECL allowance for due from borrower     2,400    
CECL allowance for unfunded commitments 522,000   562,000    
Increase In CECL allowance for unfunded commitments 40,000 40,000      
ASU 2016-13          
Significant Accounting Policies          
Less, CECL Allowance     562,000    
Due from borrowers          
Significant Accounting Policies          
CECL allowance for due from borrower 19,900   22,300    
Mortgages          
Significant Accounting Policies          
Less, CECL Allowance 1,900,000   2,000,000.0    
Increase in CECL allowance for mortgages receivable 55,000 55,000      
Adjustment          
Significant Accounting Policies          
Less, CECL Allowance $ (2,489,574)        
Adjustment | ASU 2016-13          
Significant Accounting Policies          
Less, CECL Allowance     1,921,000    
Retained earnings   $ 2,489,574      
Federal          
Significant Accounting Policies          
Provisions for income tax     0 0  
Taxable REIT subsidiaries          
Significant Accounting Policies          
Provisions for income tax     $ 0 $ 0  
Land and building          
Significant Accounting Policies          
Property plant and equipment, useful life     40 years    
Building          
Significant Accounting Policies          
Property plant and equipment, useful life     40 years    
Minimum          
Significant Accounting Policies          
Loan origination and modification fees range as percentage of the original loan principal     1.00%    
Maximum          
Significant Accounting Policies          
Loan origination and modification fees range as percentage of the original loan principal     3.00%