Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited)

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CONSOLIDATED STATEMENT OF STOCKHOLDERS' EQUITY (Unaudited) - 3 months ended Mar. 31, 2018 - USD ($)
Total
Common Stock
Paid in Capital
Accumulated Other Comprehensive Income
Retained Earnings
Beginning Balance at Dec. 31, 2017 $ 38,500,984 $ 76,195 $ 33,881,863 $ 796,603 $ 3,746,323
Beginning Balance, shares at Dec. 31, 2017 7,619,469 7,619,469      
Adjustment from financial instruments update ASU 2016-01 (Note 2) at Dec. 31, 2017       $ (796,603) 796,603
Balances at January 31, 2018, as adjusted at Dec. 31, 2017 $ 38,500,984 $ 76,195 33,881,863   4,542,926
Balances at January 31, 2018, as adjusted, shares at Dec. 31, 2017   7,619,469      
Restricted stock grants issued   $ 731 (731)    
Restricted stock grants issued, Shares   73,155      
Compensation expense related to stock-based awards 884   884    
Net income 59,126       59,126
Dividends (495,266)       (495,266)
Ending Balance at Mar. 31, 2018 $ 38,065,728 $ 76,926 $ 33,882,016   $ 4,106,786
Ending Balance, shares at Mar. 31, 2018 7,692,624 7,692,624