v3.26.1
NOTES - Interest Expense and Deferred Financing Costs - 2026 & 2030 Notes (Details) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
NOTES        
Premium amortization     $ (61,432)  
Notes Payable 2026        
NOTES        
Interest expense   $ 1,218,750 500 $ 2,437,500
Deferred financing costs   111,374   221,524
Total interest and financing expenses   $ 1,330,124 500 $ 2,659,024
Weighted average interest rate   4.90%   4.90%
Effective interest rate (including fee amortization)   5.40%   5.40%
Average debt outstanding   $ 100,000,000   $ 100,000,000
Cash paid for interest     500 2,437,500
7.250% Notes due 2030        
NOTES        
Interest expense $ 2,265,625 1,374,375 4,531,250 1,374,375
Deferred financing costs 136,182 81,944 270,866 81,944
Discount amortization 33,873 31,436 67,121 31,436
Premium amortization (31,006)   (61,431)  
Total interest and financing expenses $ 2,404,674 $ 1,487,755 $ 4,807,806 $ 1,487,755
Weighted average interest rate 7.30% 7.40% 7.30% 7.40%
Effective interest rate (including fee amortization) 7.70% 8.00% 7.80% 8.00%
Average debt outstanding $ 125,000,000 $ 75,000,000 $ 125,000,000 $ 75,000,000
Cash paid for interest $ 4,531,250 $ 15,000 $ 4,531,250 $ 15,000