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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) income $ (6,077) $ 904
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Amortization of deferred financing costs 507 545
Depreciation and amortization expense 89 92
Stock-based compensation 267 264
Provision for credit losses related to loans held for investment 5,372 1,052
Change in valuation allowance related to loans held for sale 0 (4)
Recovery of impairment loss on real estate owned (97) 0
Gain on sale of real estate owned and property and equipment, net (196) 0
Loss on equity securities 140 125
Change in deferred loan fees (5) 275
Changes in operating assets and liabilities:    
Interest and fees receivable, net (668) (361)
Other assets 176 133
Due from borrowers, net (855) (254)
Accounts payable and accrued liabilities 838 (1,612)
Advances from borrowers 1,344 (968)
NET CASH PROVIDED BY OPERATING ACTIVITIES 835 191
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of interests in limited liability companies (721) (4,223)
Proceeds from investments in limited liability companies 4,618 4,230
Proceeds from sale of real estate owned 673 89
Purchase of property and equipment 0 (41)
Investments in developmental real estate (363) (742)
Principal disbursements for loans (38,761) (41,308)
Principal collections on loans 18,050 47,742
NET CASH (USED IN) PROVIDED BY INVESTING ACTIVITIES (16,504) 5,747
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from lines of credit 20,000 36,100
Repayments on lines of credit (10,000) (40,000)
Proceeds from repurchase agreements 0 11,693
Repayments of repurchase agreements 0 (3,882)
Repayment of mortgage payable (22) (21)
Dividends paid on common shares (2,398) (2,363)
Dividends paid on Series A Preferred Stock (1,120) (1,117)
Proceeds from issuance of Senior Secured Notes 10,000 0
Payments of deferred financing costs (150) 0
NET CASH PROVIDED BY FINANCING ACTIVITIES 16,310 410
NET INCREASE IN CASH AND CASH EQUIVALENTS 641 6,348
CASH AND CASH EQUIVALENTS – BEGINNING OF PERIOD 10,924 18,066
CASH AND CASH EQUIVALENTS – END OF PERIOD 11,565 24,414
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION    
Cash paid during the period for interest 5,633 5,760
Real estate acquired in connection with foreclosure of certain mortgages 0 410
Loans held for investment transferred to other assets 454 0
Developmental real estate acquired in restructuring of loan held for investment 35,948 1,696
Loans originated from sale of real estate owned $ 0 $ 30