v3.26.1
PROVISION FOR CREDIT LOSSES (Tables)
12 Months Ended
Dec. 31, 2025
Credit Loss [Abstract]  
SCHEDULE OF LOAN LOSS RESERVE

The following table identifies the loan loss reserve for the period ending December 31:

 

   2025   2024 
General Loan Portfolio Reserve  $-   $196,000 
Specific Loan Reserves   7,478,000    9,210,000 
Total  $7,478,000   $9,406,000 
SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS AND LOAN LOSS RESERVE

Changes in the allowance for credit losses and loan loss reserve were as follows:

 

   Allowance for credit losses   Loan loss reserve   Total 
Balance at December 31, 2024  $1,613,000   $9,406,000   $11,019,000 
Credit loss expense   -    20,000    20,000 
Write-offs   -    (1,948,000)   (1,948,000)
Recoveries   (600,000)   -    (600,000)
                
Balance at December 31, 2025  $1,013,000   $7,478,000   $8,491,000