Annual report pursuant to Section 13 and 15(d)

Significant Accounting Policies - CECL allowance (Details)

v3.24.1
Significant Accounting Policies - CECL allowance (Details) - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Jan. 01, 2023
Significant Accounting Policies      
Mortgages receivable $ 7,523,160 $ 105,000  
Interest receivable 120,089    
Due from borrower (14,337)    
Unfunded commitments 508,600    
Total CECL allowance 8,166,186    
Provision for credit losses on loans-pre-adoption 105,000    
Provision for losses related to loans, Mortgages receivable 5,496,713    
Provision for losses related to loans, Interest receivable 93,962    
Provision for losses related to loans, Due from borrower (5,563)    
Provision for losses related to loans, Unfunded commitments (13,500)    
Provision for losses related to loans, Total CECL allowance 5,571,612 105,000  
Investment securities (available-for-sale debt securities) 808,561 0  
Provision for credit losses related to available-for-sale debt securities 808,561 0  
Fair market value of securities 839,280 $ 813,650  
Cost basis of securities $ 1,647,841    
Implementation of CECL standard on earnings per share $ 0.15    
Adjustment | ASU 2016-13      
Significant Accounting Policies      
Mortgages receivable $ 1,921,000   $ 1,921,447
Interest receivable     26,127
Due from borrower     (19,900)
Unfunded commitments     522,100
Total CECL allowance     2,489,574
Total CECL allowance     $ 2,489,574