MORTGAGES RECEIVABLE (Details Narrative) - USD ($) |
12 Months Ended | ||
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Dec. 31, 2022 |
Dec. 31, 2021 |
Dec. 31, 2020 |
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Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Interest rate | 7.20% | ||
Interest term | terms generally range from eight to ten years | ||
Allowance for uncollectable mortgages | $ 196,550 | $ 203,995 | |
Debt principal amount | 1,997,909 | 6,480,000 | |
Interest income | 142,746 | 26,587 | |
Mortgage Receivable [Member] | |||
Accounts, Notes, Loans and Financing Receivable [Line Items] | |||
Debt principal amount | $ 254,683 | 143,152 | |
Mortgages receivable, percent | 10.00% | ||
Interest receivable | $ 185,197 | $ 60,843 |
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- Definition Allowance for uncollectable mortgages. No definition available.
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- Definition Mortgages receivable percent. No definition available.
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- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. No definition available.
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- Definition Face (par) amount of debt instrument at time of issuance. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Contractual interest rate for funds borrowed, under the debt agreement. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Description of the interest rate as being fixed or variable, and, if variable, identification of the index or rate on which the interest rate is based and the number of points or percentage added to that index or rate to set the rate, and other pertinent information, such as frequency of rate resets. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of interest income earned from interest bearing assets classified as other. No definition available.
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- Definition Carrying amount as of the balance sheet date of current interest earned but not received. Also called accrued interest or accrued interest receivable. For classified balance sheets, represents the current amount receivable, that is amounts expected to be collected within one year or the normal operating cycle, if longer. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Details
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