v3.25.4
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues    
Interest income $ 62,936,040 $ 62,104,092
Interest expense (7,545,641) (7,153,207)
Net interest income 55,390,399 54,950,885
Expenses    
Management and incentive fees, net 8,202,136 8,061,896
General and administrative expense 5,304,451 5,388,967
Professional fees 1,938,422 1,811,067
Stock based compensation 3,368,861 3,058,674
Provision (benefit) for current expected credit losses 731,051 (583,298)
Total expenses 19,544,921 17,737,306
Change in unrealized gain (loss) on investments 165,000 (240,604)
Realized gain on debt securities, at fair value 0 72,428
Net income before income taxes 36,010,478 37,045,403
Income tax expense 0 0
Net income $ 36,010,478 $ 37,045,403
Earnings per common share:    
Basic earnings per common share (in Dollars per share) $ 1.71 $ 1.92
Diluted earnings per common share (in Dollars per share) $ 1.68 $ 1.88
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in Shares) 21,003,635 19,279,501
Diluted weighted average shares of common stock outstanding (in Shares) 21,431,650 19,713,916