Investment in Partnership (Tables)

12 Months Ended

Dec. 31, 2021

Investment In Partnership [Abstract]

Schedule of financial information for Avalon Property

	December 31,
	2021			2020
Condensed balance sheet
Cash	$	123,198		$	114,223
Accounts receivable		16,575			394,158
Inventory		2,165,837			2,266,107
Fixed assets net		-			320
Other assets		-			68,690
Total assets	$	2,305,610		$	2,843,498
Accounts payable	$	504,547		$	1,054,716
Other liabilities		690,978			378,563
Loans from partners		555,104			320,000
Mortgages		-			485,104
Partners’ capital		554,981			605,115
Total liabilities and capital	$	2,305,610		$	2,843,498
Condensed statement of operations
Gross receipts	$	1,504,299		$	554,692
Cost of goods sold		1,033,214			281,932
Gross profit		471,085			272,760
Other expenses(income)		537,916			262,263
Net income (loss)		(66,831	)		10,497
Net income (loss) attributed to Presidential Realty Corporation	$	(20,940	)		3,289