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) - 6 months ended Jun. 30, 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 1, 2018, as adjusted at Dec. 31, 2017 $ 38,500,984 $ 76,195 33,881,863   4,542,926
Balances at January 1, 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 27,312   27,312    
Net income 454,601       454,601
Dividends (995,286)       (995,286)
Ending Balance at Jun. 30, 2018 $ 37,987,611 $ 76,926 $ 33,908,444   $ 4,002,241
Ending Balance, shares at Jun. 30, 2018 7,692,624 7,692,624