3. Revenues

12 Months Ended

Dec. 31, 2019

Revenues:

Revenues

Revenues totaled $4,000 for the year ended December 31, 2019 compared to revenues of $7,000 for the year ended December 31, 2018. Interest income on the Company’s money market account decreased by $1,000 during the year ended December 31, 2019 from the comparable period in 2018 due to the declining account balance. There was no related party interest income during the year ended December 31, 2019 compared to $5,000 for the year ended December 31, 2018 due to the Company’s investment in a $560,000 short term note with LIC, which investment was made during the year ended December 31, 2017. The Company received payment of the outstanding note receivable from LIC in March, 2018. Other income of $3,000, received during the year ended December 31, 2019 represents a recovery of a lot lien receivable recorded in 1999 which has been fully provided for cancellation. There was no other revenue during the year ended December 31, 2018.