v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Advisory Service $ 6,806,000 $ 3,811,000 $ 11,933,000 $ 7,393,000
Interest income 251,361 1,581,751 1,415,168 3,323,925
Dividend income from Orchid Island Capital, Inc. common stock 170,721 204,865 375,587 409,731
Total revenues 7,227,927 5,597,462 13,723,444 11,126,791
Interest expense:        
Repurchase agreements (144,512) (1,190,963) (841,582) (2,497,463)
Long-term debt (498,636) (540,452) (994,531) (1,077,972)
Net revenues 6,584,779 3,866,047 11,887,331 7,551,356
Other income (expense):        
Unrealized (losses) gains on mortgage-backed securities and U.S. Treasury securities 5,491 (98,638) (261,976) 1,390,370
Gains (losses) on derivative instruments 94,980 (430,791) 273,377 (1,799,586)
Other income 433 0 433 0
Other expense, net 66,760 (997,795) (491,105) (1,025,540)
Expenses:        
Compensation and related benefits 2,620,247 1,853,623 4,666,105 3,772,271
Direct advisory services costs 418,789 445,826 862,788 787,059
Directors' fees and liability insurance 202,859 189,485 405,717 389,771
Audit, legal and other professional fees 233,165 165,211 491,912 490,306
Acquisition related expenses 914,587 0 1,515,755 0
Amortization of intangible assets 170,000 0 170,000 0
Administrative and other expenses 285,271 164,829 459,411 303,724
Total expenses 4,844,918 2,818,974 8,571,688 5,743,131
Net income before income tax provision 1,806,621 49,278 2,824,538 782,685
Income tax provision 1,308,273 6,546 1,525,136 187,383
Net income 498,348 42,732 1,299,402 595,302
Less: income attributable to noncontrolling interests 124,291 0 124,291 0
Net income attributable to Bimini Capital Management, Inc. stockholders $ 374,057 $ 42,732 $ 1,175,111 $ 595,302
Common Class A [Member]        
Expenses:        
Basic and Diluted (in dollars per share) $ 0.04 $ 0 $ 0.12 $ 0.06
Weighted Average Shares Outstanding:        
Basic and Diluted (in shares) 9,998,603 10,005,457 10,004,315 10,005,457
Common Class B [Member]        
Expenses:        
Basic and Diluted (in dollars per share) $ 0.04 $ 0 $ 0.12 $ 0.06
Weighted Average Shares Outstanding:        
Basic and Diluted (in shares) 31,938 31,938 31,938 31,938
Orchid Island Capital [Member]        
Other income (expense):        
Unrealized (losses) gains on mortgage-backed securities and U.S. Treasury securities $ (34,144) $ (290,226) $ (130,886) $ (438,184)
Collateralized Mortgage-Backed Securities [Member]        
Other income (expense):        
Realized losses on mortgage-backed securities 0 (178,140) (372,053) (178,140)
REIT Management Fees [Member]        
Advisory Service 5,077,688 3,810,846 10,204,532 7,393,135
Investment Advisory Fees [Member]        
Advisory Service 1,728,157 $ 0 $ 1,728,157 $ 0
Total revenues $ 1,700,000