v3.26.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES    
TOTAL REVENUES $ 3,316,369 $ 2,896,133
OPERATING COSTS AND EXPENSES    
Interest 1,007,082 938,955
Salaries and wages 538,950 500,618
Commissions 409,254 413,542
Provision for credit losses 397,335 239,516
Professional fees 128,780 63,089
Postage 26,444 29,881
Insurance 48,261 60,042
Other operating expenses 197,744 212,457
TOTAL COSTS AND EXPENSES 2,753,850 2,458,100
INCOME BEFORE INCOME TAXES 562,519 438,033
PROVISION FOR INCOME TAXES 154,452 102,204
NET INCOME 408,067 335,829
PREFERRED SHARE DIVIDENDS (29,050) (29,050)
NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS $ 379,017 $ 306,779
Net income per share attributable to common stockholders    
Basic $ 0.13 $ 0.10
Diluted $ 0.10 $ 0.08
Weighted average common shares outstanding    
Basic 2,998,802 3,001,216
Diluted 4,101,134 4,210,875
Finance charges [Member]    
REVENUES    
TOTAL REVENUES $ 2,920,272 $ 2,530,256
Late charges [Member]    
REVENUES    
TOTAL REVENUES 294,241 275,507
Origination fees [Member]    
REVENUES    
TOTAL REVENUES $ 101,856 $ 90,370