6. INTEREST RECEIVABLE As of December 31, 2025 and 2024, the Company had interest receivable of approximately $4.0 and $1.5 million. The following tables categorize the aging of interest receivable on past due loans (including non-accrual loans) by class as of December 31, 2025 and 2024, respectively:
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As of December 31, 2025 |
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Current
Loans |
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31-60
Days
Past Due |
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61-90
Days
Past Due |
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90+ Days
Past Due
(and accruing) |
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Total
Past Due |
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Total
Loans |
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|
Non-
Accrual |
|
Interest receivable |
|
$ |
4,009,800 |
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|
$ |
- |
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|
$ |
- |
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|
$ |
- |
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|
$ |
- |
|
|
$ |
4,009,800 |
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|
$ |
- |
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Total |
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$ |
4,009,800 |
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|
$ |
- |
|
|
$ |
- |
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|
$ |
- |
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|
$ |
- |
|
|
$ |
4,009,800 |
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|
$ |
- |
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As of December 31, 2024 |
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Current
Loans |
|
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31-60
Days
Past Due |
|
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61-90
Days
Past Due |
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|
90+ Days
Past Due
(and accruing) |
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Total
Past Due |
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|
Total
Loans |
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|
Non-
Accrual |
|
Interest receivable |
|
$ |
1,388,058 |
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|
$ |
65,765 |
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|
$ |
- |
|
|
$ |
- |
|
|
$ |
65,765 |
|
|
$ |
1,453,823 |
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|
$ |
- |
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Total |
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$ |
1,388,058 |
|
|
$ |
65,765 |
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|
$ |
- |
|
|
$ |
- |
|
|
$ |
65,765 |
|
|
$ |
1,453,823 |
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|
$ |
- |
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