Investment in Partnership (Tables)

12 Months Ended

Dec. 31, 2020

Investment In Partnership [Abstract]

Schedule of unaudited financial information

	December 31,
	2020		2019			2018			2017
Condensed balance sheet
Cash	$	114,223	$	613,185		$	199,350		$	236,390
Accounts receivable		394,158		1,240,483			56,350			34,886
Inventory		2,266,107		455,922			2,024,410			2,552,846
Fixed assets net		320		534			748			1,047
Other assets		68,690		133,240			165,147			276,319
Total assets	$	2,843,498	$	2,443,364		$	2,446,005		$	3,101,488
Accounts payable	$	1,054,716	$	513,022		$	702,310		$	434,369
Other liabilities		378,563		922,698			733,790			235,152
Loans from partners		320,000		110,000			-			-
Mortgages		485,104		495,120			260,104			575,000
Partners’ capital		605,115		402,524			749,801			1,856,967
Total liabilities and capital	$	2,843,498	$	2,443,364		$	2,446,005		$	3,101,488
Condensed statement of operations
Gross receipts	$	554,692	$	5,935,519		$	3,163,118		$	6,020,120
Cost of goods sold		281,932		5,316,116			3,000,965			4,223,171
Gross profit		272,760		619,403			162,153			1,796,949
Other expenses (income)		262,263		966,680			1,074,530			1,375,532
Net income (loss)	$	10,497	$	(347,277	)	$	(912,377	)	$	421,417
Net income (loss) attributed to Presidential Realty Corporation	$	3,289	$	(108,813	)	$	(285,878	)	$	132,044