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) - USD ($)
Total
Common Stock
Paid in Capital
Retained Earnings
Accumulated Other Comprehensive Income
Beginning Balances at Dec. 31, 2017 $ 38,500,984 $ 76,195 $ 33,881,863 $ 3,746,323 $ 796,603
Beginning Balance, shares at Dec. 31, 2017   7,619,469      
Adjustment from financial instruments update ASU 2016-01       796,603 (796,603)
Restricted stock grants issued   $ 731 (731)    
Restricted stock grants issued, Shares   73,155      
Stock-based compensation 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      
Beginning Balances at Dec. 31, 2017 38,500,984 $ 76,195 33,881,863 3,746,323 $ 796,603
Beginning Balance, shares at Dec. 31, 2017   7,619,469      
Net income 543,969        
Ending Balance at Sep. 30, 2018 37,603,687 $ 76,926 33,935,173 3,591,588  
Ending Balance, shares at Sep. 30, 2018   7,692,624      
Beginning Balances at Mar. 31, 2018 38,065,728 $ 76,926 33,882,016 4,106,786  
Beginning Balance, shares at Mar. 31, 2018   7,692,624      
Restricted stock grant forfeitures 26,428   26,428    
Net income 395,475     395,475  
Dividends (500,020)     (500,020)  
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      
Stock-based compensation 26,729   26,729    
Net income 89,368     89,368  
Dividends (500,021)     (500,021)  
Ending Balance at Sep. 30, 2018 37,603,687 $ 76,926 33,935,173 3,591,588  
Ending Balance, shares at Sep. 30, 2018   7,692,624      
Beginning Balances at Dec. 31, 2018 $ 37,205,876 $ 76,926 33,961,903 3,167,047  
Beginning Balance, shares at Dec. 31, 2018 7,692,624 7,692,624      
Restricted stock grants issued   $ 414 (414)    
Restricted stock grants issued, Shares   41,343      
Stock-based compensation $ 54,160   54,160    
Net income 187,823     187,823  
Dividends (503,294)     (503,294)  
Ending Balance at Mar. 31, 2019 36,944,565 $ 77,340 34,015,649 2,851,576  
Ending Balance, shares at Mar. 31, 2019   7,733,967      
Beginning Balances at Dec. 31, 2018 $ 37,205,876 $ 76,926 33,961,903 3,167,047  
Beginning Balance, shares at Dec. 31, 2018 7,692,624 7,692,624      
Net income $ 573,901        
Ending Balance at Sep. 30, 2019 $ 36,407,011 $ 77,290 34,096,859 2,232,862  
Ending Balance, shares at Sep. 30, 2019 7,729,006 7,729,006      
Beginning Balances at Mar. 31, 2019 $ 36,944,565 $ 77,340 34,015,649 2,851,576  
Beginning Balance, shares at Mar. 31, 2019   7,733,967      
Restricted stock grant forfeitures   $ (47) 47    
Restricted stock grant forfeitures, Shares   4,637      
Stock-based compensation 51,730   51,730    
Net income 136,845     136,845  
Dividends (502,407)     (502,407)  
Ending Balance at Jun. 30, 2019 36,630,733 $ 77,293 34,067,426 2,486,014  
Ending Balance, shares at Jun. 30, 2019   7,729,330      
Restricted stock grant forfeitures   $ (3) 3    
Restricted stock grant forfeitures, Shares   (324)      
Stock-based compensation 29,430   29,430    
Net income 249,233     249,233  
Dividends (502,385)     (502,385)  
Ending Balance at Sep. 30, 2019 $ 36,407,011 $ 77,290 $ 34,096,859 $ 2,232,862  
Ending Balance, shares at Sep. 30, 2019 7,729,006 7,729,006