v3.25.2
SHAREHOLDERS' EQUITY - Narrative (Details)
1 Months Ended 3 Months Ended 6 Months Ended 12 Months Ended
Apr. 05, 2022
USD ($)
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Jun. 30, 2025
USD ($)
$ / shares
shares
Jun. 30, 2024
USD ($)
$ / shares
shares
Dec. 31, 2024
$ / shares
shares
Dec. 31, 2023
shares
Class of Stock [Line Items]                
Preferred stock, authorized (in shares)     10,000   10,000   10,000  
Preferred stock, issued (in shares)     0   0      
Preferred stock, par value (in dollars per share) | $ / shares     $ 0.01   $ 0.01   $ 0.01  
Preferred stock, outstanding (in shares)     0   0      
Common stock, authorized (in shares)     50,000,000   50,000,000   50,000,000  
Common stock, par value (in dollars per share) | $ / shares     $ 0.01   $ 0.01   $ 0.01  
Common stock, issued (in shares)     22,595,111   22,595,111   22,332,927  
Common stock, outstanding (in shares)     22,595,111   22,595,111   22,332,927  
Issuance of common stock, net of offering costs (in shares)     0   0   0  
Balance (in shares)     2,147,985   2,147,985   2,168,452  
Granted (in shares)         0 0    
Exercised (in shares)         0 0    
Unrecognized share-based compensation cost, stock options | $     $ 6,200   $ 6,200      
Cost not yet recognized | $     $ 3,300,000   $ 3,300,000      
2020 Plan                
Class of Stock [Line Items]                
Shares of common stock outstanding (in shares)     2,860,379   2,860,379      
Balance (in shares)     2,148,885   2,148,885      
Share limit (in shares)     3,609,722   3,609,722      
Shares available for future issuance (in shares)         749,343      
Restricted Stock                
Class of Stock [Line Items]                
Restricted stock, granted (in shares)     0 0 271,497 209,397    
Percentage of remaining unrecognized compensation cost of unvested restricted stock awards     0.67   0.67      
Cost not yet recognized, period for recognition (in years)         2 years 1 month 28 days      
Fair value of shares vested | $     $ 0 $ 14,500 $ 1,100,000 $ 700,000    
Granted (in dollars per share) | $ / shares         $ 8.37 $ 11.70    
Vested (in shares)       1,159 127,944 62,338    
Vested (in dollars per share) | $ / shares       $ 12.94 $ 8.68 $ 14.50    
Restricted Stock | Sunrise Realty Trust, Inc. (“SUNS”)                
Class of Stock [Line Items]                
Percentage of remaining unrecognized compensation cost of unvested restricted stock awards     0.33   0.33      
Restricted Stock | 2020 Plan                
Class of Stock [Line Items]                
Restricted stock, granted (in shares)         271,497      
Non-vested (in shares)     711,494   711,494      
Restricted Stock | 2020 Plan | Minimum                
Class of Stock [Line Items]                
Vesting period (in years)         1 year      
Restricted Stock | 2020 Plan | Maximum                
Class of Stock [Line Items]                
Vesting period (in years)         3 years      
Restricted Stock | 2020 Plan | Tranche one                
Class of Stock [Line Items]                
Vesting percentage         33.00%      
Restricted Stock | 2020 Plan | Tranche two                
Class of Stock [Line Items]                
Vesting percentage         33.00%      
Restricted Stock | 2020 Plan | Tranche three                
Class of Stock [Line Items]                
Vesting percentage         33.00%      
Stock Options                
Class of Stock [Line Items]                
Cost not yet recognized, period for recognition (in years)         6 months 10 days      
Shelf Registration                
Class of Stock [Line Items]                
Aggregate offering price | $ $ 1,000,000,000.0              
Open Market Sale                
Class of Stock [Line Items]                
Aggregate offering price | $ $ 75,000,000.0              
Commission percentage 3.00%              
Remaining authorized, amount | $     $ 47,400,000   $ 47,400,000      
Series A Preferred Stock                
Class of Stock [Line Items]                
Preferred stock, authorized (in shares)     10,000   10,000   10,000  
Preferred stock, issued (in shares)     0   0   0 125
Preferred stock, dividend rate (in percent)         12.00% 12.00% 12.00%  
Preferred stock, outstanding (in shares)     0   0   0  
Preferred stock, liquidation preference (in dollars per share) | $ / shares     $ 1,000   $ 1,000   $ 1,000  
Preferred stock, redemption price (in dollars per share) | $ / shares   $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000 $ 1,000  
Redemption of preferred shares (in shares)   125            
Accrued and unpaid dividend | $   $ 0