| Schedule of Earnings Per Share, Basic and Diluted |
The following information sets forth the computations of basic and diluted weighted average earnings per common share for the three and six months ended June 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | Three months ended
June 30, | | Six months ended
June 30, | | 2025 | | 2024 | | 2025 | | 2024 | | | | | | | | | | Net income | $ | 3,358,314 | | | $ | 1,513,743 | | | $ | 6,457,751 | | | $ | 3,276,088 | | | | | | | | | | | Dividends paid on unvested restricted stock | (55,701) | | | — | | | (141,181) | | | — | | | Net income attributable to common shareholders | 3,302,613 | | | 1,513,743 | | | 6,316,570 | | | 3,276,088 | | | Divided by: | | | | | | | | | Basic weighted average shares of common stock outstanding | 13,235,823 | | | 6,889,032 | | | 12,227,520 | | | 6,889,032 | | | Weighted average unvested restricted stock | 23,939 | | | — | | | 17,608 | | | — | | | Diluted weighted average shares of common stock outstanding | 13,259,762 | | | 6,889,032 | | | 12,245,128 | | | 6,889,032 | | | Basic weighted average earnings per common share | $ | 0.25 | | | $ | 0.22 | | | $ | 0.52 | | | $ | 0.48 | | | Diluted weighted average earnings per common share | $ | 0.25 | | | $ | 0.22 | | | $ | 0.52 | | | $ | 0.48 | |
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