v3.25.1
CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY (unaudited) - USD ($)
Total
Member's Equity
Common Stock
Additional Paid-In Capital
Accumulated Earnings (Deficit)
Beginning balance at Dec. 31, 2023 $ 31,234,622 $ 31,234,622 $ 0 $ 0 $ 0
Beginning balance (in shares) at Dec. 31, 2023     0    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Capital contributions 17,000,000     17,000,000  
Distributions (2,600,000)     (2,600,000)  
Effect of corporate conversion on member's equity (in shares)     100    
Effect of corporate conversion on member's equity 0 (31,234,622) $ 1 30,999,999 234,622
Net income 1,762,345       1,762,345
Ending balance at Mar. 31, 2024 47,396,967 0 $ 1 45,399,999 1,996,967
Ending balance (in shares) at Mar. 31, 2024     100    
Beginning balance at Dec. 31, 2024 $ 114,137,747 0 $ 70,047 115,022,034 (954,334)
Beginning balance (in shares) at Dec. 31, 2024 7,004,676   7,004,676    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock, net of offering costs (in shares)     6,400,000    
Issuance of common stock, net of offering costs $ 71,353,741   $ 64,000 71,289,741  
Stock-based compensation (in shares)     16,818    
Stock-based compensation 243,621   $ 168 243,453  
Dividends declared on common shares (4,026,448)       (4,026,448)
Net income 3,099,437       3,099,437
Ending balance at Mar. 31, 2025 $ 184,808,098 $ 0 $ 134,215 $ 186,555,228 $ (1,881,345)
Ending balance (in shares) at Mar. 31, 2025 13,421,494   13,421,494