| Schedule of Company’s Loans Held for Investment |
The amortized cost basis of the Company's loans held for investment by delinquency status as of December 31, 2025 and 2024 was as follows:
| | | | | | | | | | | | | December 31, | | 2025 | | 2024 | | Current | $ | 8,173,364 | | | $ | 5,386,074 | | | 30-59 Days | 56,831 | | | 83,105 | | | 60-89 days | 24,233 | | | 41,861 | | | > 90 days | 12,882 | | | 27,120 | | | Loans held for investment | 8,267,310 | | | 5,538,160 | | | Allowance for credit losses | (929,406) | | | (816,045) | | | Loans held for investment, net | $ | 7,337,904 | | | $ | 4,722,115 | |
|
| Schedule of Financing Receivable Credit Quality Indicators |
The following tables present an analysis of the credit quality of the amortized cost basis excluding accrued interest receivable, by calendar year of origination on loans held for investment for the December 31, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2025 | | Amortization Costs Basis by Calendar Year of Origination | | | | 2025 | | 2024 | | Prior | | Total | | A | $ | 3,366,828 | | | $ | 104,402 | | | $ | 506 | | | $ | 3,471,736 | | | B | 2,639,049 | | | 118,046 | | | 7,976 | | | 2,765,071 | | | C | 1,384,930 | | | 153,755 | | | 34,452 | | | 1,573,137 | | | D | 445,093 | | | 5,102 | | | 7,171 | | | 457,366 | | | Total amortized cost basis | $ | 7,835,900 | | | $ | 381,305 | | | $ | 50,105 | | | $ | 8,267,310 | |
| | | | | | | | | | | | | | | | | | | | | | | | | December 31, 2024 | | Amortization Costs Basis by Calendar Year of Origination | | | | 2024 | | 2023 | | Prior | | Total | | A | $ | 1,435,804 | | | $ | 20,208 | | | $ | 23,177 | | | $ | 1,479,189 | | | B | 1,455,063 | | | 99,787 | | | 43,053 | | | 1,597,903 | | | C | 1,471,577 | | | 334,434 | | | 109,422 | | | 1,915,433 | | | D | 331,563 | | | 18,158 | | | 26,307 | | | 376,028 | | | Total amortized cost basis | 4,694,007 | | | 472,587 | | | 201,959 | | | 5,368,553 | | | Fair value step-up in loans held for investment | 169,607 | | | — | | | — | | | 169,607 | | | $ | 4,863,614 | | | $ | 472,587 | | | $ | 201,959 | | | $ | 5,538,160 | |
|
| Schedule of Allowance for Credit Losses on Loans Held for Investment |
The following tables summarize the balances of and changes in allowance for credit losses on loans held for investment as of December 31, 2025 and 2024: | | | | | | | Balance at January 1, 2025 | $ | 816,045 | | | Charge-offs | (901,450) | | | Provision for credit losses | 1,014,811 | | | Balance at December 31, 2025 | $ | 929,406 | | | | | Balance at January 1, 2024 | $ | — | | | Balance acquired from Credova Merger | 1,130,515 | | | Charge-offs | (1,367,121) | | | Provision for credit losses | 1,052,651 | | | Balance at December 31, 2024 | $ | 816,045 | |
|