v3.25.2
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]          
Net transfers and distributions from (to) Former Parent 14,400,000     14,400,000  
Effect of corporate conversion on member's equity 0 (31,234,622) $ 1 30,999,999 234,622
Effect of corporate conversion on member's equity (in shares)     100    
Net income 3,276,088       3,276,088
Ending balance at Jun. 30, 2024 48,910,710 0 $ 1 45,399,999 3,510,710
Ending balance (in shares) at Jun. 30, 2024     100    
Beginning balance at Mar. 31, 2024 47,396,967 0 $ 1 45,399,999 1,996,967
Beginning balance (in shares) at Mar. 31, 2024     100    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Net income 1,513,743       1,513,743
Ending balance at Jun. 30, 2024 48,910,710 0 $ 1 45,399,999 3,510,710
Ending balance (in shares) at Jun. 30, 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]          
Dividends declared on common shares $ (4,026,448)        
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    
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 $ 71,277,217   $ 64,000 71,213,217  
Stock-based compensation (in shares)     16,500    
Stock-based compensation, net of forfeitures 502,687   $ 165 502,522  
Dividends declared on common shares (8,052,801)       (8,052,801)
Net income 6,457,751       6,457,751
Ending balance at Jun. 30, 2025 $ 184,322,601 0 $ 134,212 186,737,773 (2,549,384)
Ending balance (in shares) at Jun. 30, 2025 13,421,176   13,421,176    
Beginning balance at Mar. 31, 2025 $ 184,808,098 0 $ 134,215 186,555,228 (1,881,345)
Beginning balance (in shares) at Mar. 31, 2025     13,421,494    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock, net of offering costs (76,524)     (76,524)  
Stock-based compensation (in shares)     (318)    
Stock-based compensation, net of forfeitures 259,066   $ (3) 259,069  
Dividends declared on common shares (4,026,353)       (4,026,353)
Net income 3,358,314       3,358,314
Ending balance at Jun. 30, 2025 $ 184,322,601 $ 0 $ 134,212 $ 186,737,773 $ (2,549,384)
Ending balance (in shares) at Jun. 30, 2025 13,421,176   13,421,176