Quarterly report pursuant to Section 13 or 15(d)

Income Taxes - Deferred Tax Assets and Liabilities (Details)

v3.7.0.1
Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Deferred Tax Assets:    
Net operating loss carryforwards $ 1,533,957 $ 1,144,818
Net unrealized loss on investment securities 34,119 61,430
Cost recovery of leased and fixed assets 669,143 739,502
Loan Loss Provision 385,180 608,086
Other loss carryforwards 3,929,335 3,187,181
Sub-total 6,551,734 5,741,017
Deferred Tax Liabilities:    
Basis reduction of investment in partnerships (2,199,063) (2,158,746)
Cost recovery of leased and fixed assets (2,333,620) (1,823,982)
Sub-total (4,532,683) (3,982,728)
Total net deferred tax asset $ 2,019,051 $ 1,758,289