STATEMENTS OF CASH FLOW (Parenthetical) - USD ($) |
12 Months Ended | |
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Dec. 31, 2019 |
Dec. 31, 2018 |
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STATEMENTS OF CASH FLOW | ||
Real estate acquired in connection with the foreclosure of certain mortgages, inclusive of interest and other fees receivable | $ 5,406,477 | $ 3,173,963 |
Loans transferred | $ 1,200,000 | |
Noncash or Part Noncash Acquisition, Noncash Financial or Equity Instrument Consideration, Shares Issued | 169,338 | |
Notes Issued | $ 21,433 | |
Reversal Of Previously Accrued Capitalized Costs | 6,212 | |
Reclassification of mortgage receivable | 879,457 | |
Remaining balance of mortgages receivable | $ 0 | |
Adjustments to Additional Paid in Capital, Stock Issued, Issuance Costs | $ 160,479 |
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- Definition Represents element information pertaining to amount of notes receivable reclassified to mortgage receivable. No definition available.
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- Definition Amount of remaining balance of mortgages receivable. No definition available.
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- Definition The amount of reversal of previously acquired capitalized cost. No definition available.
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- Definition Amount of decrease in additional paid in capital (APIC) resulting from direct costs associated with issuing stock. Includes, but is not limited to, legal and accounting fees and direct costs associated with stock issues under a shelf registration. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The number of shares issued as [noncash or part noncash] consideration for a business or asset acquired. Noncash is defined as transactions during a period that affect recognized assets or liabilities but that do not result in cash receipts or cash payments in the period. "Part noncash" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The fair value of notes issued in noncash investing and financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of land and buildings obtained through foreclosure proceedings or defeasance in full or partial satisfaction of a debt arrangement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Value transferred from mortgage loans to real estate owned (REO) in noncash transactions. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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