v3.26.1
Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2026
Dec. 31, 2025
ASSETS:    
Pledged assets $ 15,984,754 $ 88,928,525
U.S. Treasury securities, at fair value 995,469 0
Cash and cash equivalents 6,459,310 12,696,660
Restricted cash 157,499 1,621,399
Orchid Island Capital, Inc. common stock, at fair value 3,966,425 4,097,311
Identifiable intangibles, net 9,530,000 0
Goodwill 4,838,864 0
Accounts receivable 1,798,946 1,660,666
Property and equipment, net 1,745,314 1,768,864
Deferred tax assets, net 15,714,512 17,239,648
Other assets 1,472,432 1,680,899
Total Assets 64,366,154 129,693,972
LIABILITIES:    
Repurchase agreements 15,033,000 85,326,000
Long-term debt 27,335,067 27,346,546
Other liabilities 5,036,447 4,398,629
Total Liabilities 47,404,514 117,071,175
COMMITMENTS AND CONTINGENCIES (Note 10)
Redeemable noncontrolling interest 3,203,914 0
STOCKHOLDERS' EQUITY:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 100,000 shares designated Series A Junior Preferred Stock, 9,900,000 shares undesignated; no shares issued and outstanding as of June 30, 2026 and December 31, 2025 0 0
Additional paid-in capital 329,774,983 329,815,150
Accumulated deficit (316,027,311) (317,202,422)
Total Stockholders’ Equity 13,757,726 12,622,797
Total Liabilities, Redeemable Noncontrolling Interest and Stockholders' Equity 64,366,154 129,693,972
Common Class A [Member]    
STOCKHOLDERS' EQUITY:    
Common stock 9,990 10,005
Common Class B [Member]    
STOCKHOLDERS' EQUITY:    
Common stock 32 32
Common Class C [Member]    
STOCKHOLDERS' EQUITY:    
Common stock 32 32
Nonrelated Party [Member]    
ASSETS:    
Accounts receivable $ 1,702,629 $ 0