Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| REVENUES | ||||
| TOTAL REVENUES | $ 3,461,598 | $ 3,115,824 | $ 6,777,966 | $ 6,011,956 |
| OPERATING COSTS AND EXPENSES | ||||
| Interest | 1,112,663 | 1,029,611 | 2,119,746 | 1,968,566 |
| Salaries and wages | 588,497 | 530,930 | 1,127,446 | 1,031,548 |
| Commissions | 553,912 | 432,039 | 963,167 | 845,581 |
| Provision for credit losses | 307,079 | 390,751 | 704,414 | 630,266 |
| Professional fees | 112,943 | 56,463 | 241,722 | 119,552 |
| Postage | 34,253 | 31,109 | 60,697 | 60,990 |
| Insurance | 56,333 | 43,319 | 104,594 | 103,361 |
| Other operating expenses | 204,136 | 256,134 | 401,879 | 468,591 |
| TOTAL COSTS AND EXPENSES | 2,969,816 | 2,770,356 | 5,723,665 | 5,228,455 |
| INCOME BEFORE INCOME TAXES | 491,782 | 345,468 | 1,054,301 | 783,501 |
| PROVISION FOR INCOME TAXES | 116,132 | 87,381 | 270,584 | 189,585 |
| NET INCOME | 375,650 | 258,087 | 783,717 | 593,916 |
| PREFERRED SHARE DIVIDENDS | (29,050) | (29,050) | (58,100) | (58,100) |
| NET INCOME ATTRIBUTABLE TO COMMON STOCKHOLDERS | $ 346,600 | $ 229,037 | $ 725,617 | $ 535,816 |
| Net income per share attributable to common stockholders | ||||
| Basic | $ 0.12 | $ 0.08 | $ 0.24 | $ 0.18 |
| Diluted | $ 0.10 | $ 0.06 | $ 0.20 | $ 0.14 |
| Weighted average common shares outstanding | ||||
| Basic | 2,930,764 | 3,001,216 | 2,964,594 | 3,001,216 |
| Diluted | 3,919,741 | 4,217,159 | 4,009,148 | 4,210,875 |
| Finance charges [Member] | ||||
| REVENUES | ||||
| TOTAL REVENUES | $ 3,059,515 | $ 2,756,924 | $ 5,979,786 | $ 5,287,179 |
| Late charges [Member] | ||||
| REVENUES | ||||
| TOTAL REVENUES | 307,817 | 258,218 | 602,058 | 533,725 |
| Origination fees [Member] | ||||
| REVENUES | ||||
| TOTAL REVENUES | $ 94,266 | $ 100,682 | $ 196,122 | $ 191,052 |
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- References No definition available.
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- Definition Amount of paid and unpaid preferred stock dividends declared with the form of settlement in stock. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest expense classified as operating and nonoperating. Includes, but is not limited to, cost of borrowing accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of commissions expense incurred because the lessor of real estate obtained a lessee for a rental property through a real estate agent. No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Excludes Selling, General and Administrative Expense. No definition available.
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- References No definition available.
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- Definition Amount of expense classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of general expenses not normally included in Other Operating Costs and Expenses. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of expense associated with postage. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition A fee charged for services from professionals such as doctors, lawyers and accountants. The term is often expanded to include other professions, for example, pharmacists charging to maintain a medicinal profile of a client or customer. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of expense for salary and wage arising from service rendered by nonofficer employee. Excludes allocated cost, labor-related nonsalary expense, and direct and overhead labor cost included in cost of good and service sold. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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