v3.26.1
Note 14 - Segment Information - Schedule of Segment Information (Details) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Advisory services, external customers $ 6,806,000 $ 3,811,000 $ 11,933,000 $ 7,393,000
Advisory services, other operating segments(1) [1] 0 0 0 0
Interest and dividend income 422,000 1,787,000 1,791,000 3,734,000
Total revenues 7,228,000 5,598,000 13,724,000 11,127,000
Interest expense(2) [2] (643,000) (1,732,000) (1,837,000) (3,576,000)
Net revenues 6,585,000 3,866,000 11,887,000 7,551,000
Other income (expense), net 66,760 (997,795) (491,105) (1,025,540)
Operating expenses (4,845,000) (2,819,000) (8,571,000) (5,742,000)
Allocated expenses(3) [3] 0 0 0 0
Intercompany expenses(1) [1] 0 0 0 0
Income (loss) before income taxes 1,806,621 49,278 2,824,538 782,685
Operating Segments [Member] | Bimini Advisors Asset Management [Member]        
Advisory services, external customers 5,078,000 3,811,000 10,205,000 7,393,000
Advisory services, other operating segments(1) [1] 20,000 40,000 76,000 81,000
Interest and dividend income 0 0 0 0
Total revenues 5,098,000 3,851,000 10,281,000 7,474,000
Interest expense(2) [2] 0 0 0 0
Net revenues 5,098,000 3,851,000 10,281,000 7,474,000
Other income (expense), net 0 0 0 0
Operating expenses (52,000) (31,000) (102,000) (73,000)
Allocated expenses(3) [3] (2,565,000) (1,881,000) (5,405,000) (3,724,000)
Intercompany expenses(1) [1] 0 0 0 0
Income (loss) before income taxes 2,481,000 1,939,000 4,774,000 3,677,000
Operating Segments [Member] | Tom Johnson Investment Management, Asset Management [Member]        
Advisory services, external customers [4] 1,728,000 0 1,728,000 0
Advisory services, other operating segments(1) [1],[4] 0 0 0 0
Interest and dividend income [4] 10,000 0 10,000 0
Total revenues [4] 1,738,000 0 1,738,000 0
Interest expense(2) [2],[4] 0 0 0 0
Net revenues [4] 1,738,000 0 1,738,000 0
Other income (expense), net [4] 3,000 0 3,000 0
Operating expenses [4] (1,120,000) 0 (1,120,000) 0
Allocated expenses(3) [3],[4] (878,000) 0 (878,000) 0
Intercompany expenses(1) [1],[4] 0 0 0 0
Income (loss) before income taxes [4] (257,000) 0 (257,000) 0
Operating Segments [Member] | Investment Portfolio [Member]        
Advisory services, external customers 0 0 0 0
Advisory services, other operating segments(1) [1] 0 0 0 0
Interest and dividend income 412,000 1,787,000 1,781,000 3,734,000
Total revenues 412,000 1,787,000 1,781,000 3,734,000
Interest expense(2) [2] (144,000) (1,191,000) (842,000) (2,497,000)
Net revenues 268,000 596,000 939,000 1,237,000
Other income (expense), net 64,000 (998,000) (494,000) (1,026,000)
Operating expenses (22,000) (25,000) (46,000) (65,000)
Allocated expenses(3) [3] (208,000) (882,000) (1,020,000) (1,881,000)
Intercompany expenses(1) [1] (20,000) (40,000) (76,000) (81,000)
Income (loss) before income taxes 82,000 (1,349,000) (697,000) (1,816,000)
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]        
Advisory services, external customers 0 0 0 0
Advisory services, other operating segments(1) [1] 0 0 0 0
Interest and dividend income 0 0 0 0
Total revenues 0 0 0 0
Interest expense(2) [2] (499,000) (541,000) (995,000) (1,079,000)
Net revenues (499,000) (541,000) (995,000) (1,079,000)
Other income (expense), net 0 0 0 0
Operating expenses (3,651,000) (2,763,000) (7,303,000) (5,604,000)
Allocated expenses(3) [3] 3,651,000 2,763,000 7,303,000 5,605,000
Intercompany expenses(1) [1] 0 0 0 0
Income (loss) before income taxes (499,000) (541,000) (995,000) (1,078,000)
Intersegment Eliminations [Member]        
Advisory services, external customers 0 0 0 0
Advisory services, other operating segments(1) [1] (20,000) (40,000) (76,000) (81,000)
Interest and dividend income 0 0 0 0
Total revenues (20,000) (40,000) (76,000) (81,000)
Interest expense(2) [2] 0 0 0 0
Net revenues (20,000) (40,000) (76,000) (81,000)
Other income (expense), net 0 0 0 0
Operating expenses 0 0 0 0
Allocated expenses(3) [3] 0 0 0 0
Intercompany expenses(1) [1] 20,000 40,000 76,000 81,000
Income (loss) before income taxes $ 0 $ 0 $ 0 $ 0
[1] Includes fees paid by Royal Palm to Bimini Advisors for advisory services at an annualized rate of 1.5% of capital allocated to Royal Palm's MBS portfolio.
[2] Includes interest on repurchase agreements in the Investment Portfolio column and long-term debt in the Corporate column.
[3] Operating expenses are allocated based on each segment’s proportional share of total revenues.
[4] The activity and results of operations of TJIM prior to April 1, 2026, the closing date of the TJIM Acquisition, are not included.