v3.25.2
Consolidated Statements of Changes in Equity - USD ($)
Total
Class B Common Stock
Preferred Stock
Preferred Stock
Common Stock
Class A Common Stock
Common Stock
Class B Common Stock
Additional Paid-in Capital
Accumulated Deficit
Accumulated Other Comprehensive Income (Loss)
Beginning balance at Dec. 31, 2023 $ 241,653,808   $ 0 $ 0 $ 243,360 $ 444,458,206 $ (203,047,758) $ 0
Common stock, beginning balance (in shares) at Dec. 31, 2023       0 24,336,033      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares issued from reinvestment of shareholder distributions (in shares)         391      
Shares issued from reinvestment of shareholder distributions 4,474       $ 4 4,470    
Distributions declared on common shares (4,650,636)           (4,650,636)  
Net loss (6,183,974)           (6,183,974)  
Unrealized gain (loss) on available-for-sale debt securities (335,782)             (335,782)
Ending balance at Mar. 31, 2024 230,487,890   0 $ 0 $ 243,364 444,462,676 (213,882,368) (335,782)
Common stock, ending balance (in shares) at Mar. 31, 2024       0 24,336,424      
Beginning balance at Dec. 31, 2023 $ 241,653,808   0 $ 0 $ 243,360 444,458,206 (203,047,758) 0
Common stock, beginning balance (in shares) at Dec. 31, 2023       0 24,336,033      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares issued from reinvestment of shareholder distributions (in shares) 838              
Distributions declared on common shares $ (9,300,000)              
Net loss (13,723,284)              
Ending balance at Jun. 30, 2024 218,619,304   0 $ 0 $ 243,369 444,467,721 (226,072,396) (19,390)
Common stock, ending balance (in shares) at Jun. 30, 2024       0 24,336,871      
Beginning balance at Mar. 31, 2024 230,487,890   0 $ 0 $ 243,364 444,462,676 (213,882,368) (335,782)
Common stock, beginning balance (in shares) at Mar. 31, 2024       0 24,336,424      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares issued from reinvestment of shareholder distributions (in shares)         447      
Shares issued from reinvestment of shareholder distributions 5,050       $ 5 5,045    
Distributions declared on common shares (4,650,718)           (4,650,718)  
Net loss (7,539,310)           (7,539,310)  
Unrealized gain (loss) on available-for-sale debt securities 316,392             316,392
Ending balance at Jun. 30, 2024 218,619,304   0 $ 0 $ 243,369 444,467,721 (226,072,396) (19,390)
Common stock, ending balance (in shares) at Jun. 30, 2024       0 24,336,871      
Beginning balance at Dec. 31, 2024 185,726,066   0 $ 0 $ 243,380 444,478,936 (258,810,775) (185,475)
Common stock, beginning balance (in shares) at Dec. 31, 2024   24,337,952   0 24,337,952      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares issued from reinvestment of shareholder distributions (in shares)         629      
Shares issued from reinvestment of shareholder distributions 6,165       $ 6 6,159    
Distributions declared on common shares (4,651,019)           (4,651,019)  
Net loss (1,285,064)           (1,285,064)  
Unrealized gain (loss) on available-for-sale debt securities 145,744             145,744
Ending balance at Mar. 31, 2025 179,941,892   0 $ 0 $ 243,386 444,485,095 (264,746,858) (39,731)
Common stock, ending balance (in shares) at Mar. 31, 2025       0 24,338,581      
Beginning balance at Dec. 31, 2024 $ 185,726,066   0 $ 0 $ 243,380 444,478,936 (258,810,775) (185,475)
Common stock, beginning balance (in shares) at Dec. 31, 2024   24,337,952   0 24,337,952      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares issued from reinvestment of shareholder distributions (in shares) 967              
Distributions declared on common shares $ (7,000,000)              
Net loss (10,457,160)              
Ending balance at Jun. 30, 2025 168,526,082   0 $ 0 $ 243,389 444,488,215 (276,248,168) 42,646
Common stock, ending balance (in shares) at Jun. 30, 2025   24,338,919   0 24,338,919      
Beginning balance at Mar. 31, 2025 179,941,892   0 $ 0 $ 243,386 444,485,095 (264,746,858) (39,731)
Common stock, beginning balance (in shares) at Mar. 31, 2025       0 24,338,581      
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Shares issued from reinvestment of shareholder distributions (in shares)         338      
Shares issued from reinvestment of shareholder distributions 3,123       $ 3 3,120    
Distributions declared on common shares (2,329,214)           (2,329,214)  
Net loss (9,172,096)           (9,172,096)  
Unrealized gain (loss) on available-for-sale debt securities 82,377             82,377
Ending balance at Jun. 30, 2025 $ 168,526,082   $ 0 $ 0 $ 243,389 $ 444,488,215 $ (276,248,168) $ 42,646
Common stock, ending balance (in shares) at Jun. 30, 2025   24,338,919   0 24,338,919