Subsequent Events |
12 Months Ended | |
|---|---|---|
Dec. 31, 2017 | ||
| Subsequent Events [Abstract] | ||
| Subsequent Events [Text Block] |
13. Subsequent Events
On February 6, 2018, the Company declared a dividend of $.105 per share to be paid on February 27, 2018 to shareholders of record on February 16, 2018. The total amount of the dividend payment was $1,618,653. The dividend was paid with respect to the Company’s 2017 operations. On March 6, 2018, a loan in foreclosure with a principal balance of $250,000 was repaid in full. On March 9, 2018, mortgage notes classified as other receivables on our balance sheet were paid in full. The total amount received by the Company was $187,466, which included interest income of $14,877. On March 16, 2018, the Company sold a mortgage note with a face amount of $517,000 to a former partner and now shareholder. The Company will continue to service the note during its term. |