v3.26.1
LONG-TERM DEBT - LMA Income Series II, LP and LMA Income Series II, GP LLC Secured Borrowing (Details)
3 Months Ended 6 Months Ended
Jan. 31, 2023
USD ($)
option
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Jun. 30, 2026
USD ($)
Jun. 30, 2025
USD ($)
Dec. 31, 2025
USD ($)
Debt Instrument [Line Items]            
Repayment of debt       $ 78,339,347 $ 46,713,206  
Long-term debt, gross   $ 336,780,562   336,780,562    
Cash and cash equivalents   23,388,190   23,388,190   $ 38,112,332
Life settlement policies, at fair value   383,044,248   383,044,248   468,857,929
Other assets   1,445,878   1,445,878   1,428,820
Assets   867,730,420   867,730,420   902,240,258
LMA Income Series II, LP | Secured borrowing            
Debt Instrument [Line Items]            
Debt instrument term 3 years          
Debt Instrument extension options | option 2          
Debt instrument extension term 1 year          
Long-term debt, gross   38,293,580   38,293,580   $ 114,890,540
Other liabilities   $ 674,913   $ 674,913    
Asset coverage ratio   2.5   2.5    
LMA Income Series II, LP | Secured borrowing | Asset Pledged as Collateral            
Debt Instrument [Line Items]            
Cash and cash equivalents   $ 2,943,636   $ 2,943,636    
Accounts receivable   7,796,838   7,796,838    
Life settlement policies, at fair value   83,978,243   83,978,243    
Other assets   87,444   87,444    
Assets   94,806,161   94,806,161    
LMA Income Series II, LP | Secured borrowing | Limited Partner            
Debt Instrument [Line Items]            
Issuance of long term debt   248,020 $ 8,542,382 992,387 24,732,253  
Repayment of debt   $ 111,144 $ 250,000 $ 77,589,347 $ 12,001,343  
LMA Income Series II, LP | Secured borrowing | General Partner            
Debt Instrument [Line Items]            
Dividend percentage 100.00%          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold One | Limited Partner            
Debt Instrument [Line Items]            
Dividend percentage 8.00%          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold One | Limited Partner | Maximum            
Debt Instrument [Line Items]            
Capital commitment threshold to determine dividend rate $ 500,000          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold Two | Limited Partner            
Debt Instrument [Line Items]            
Dividend percentage 8.25%          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold Two | Limited Partner | Maximum            
Debt Instrument [Line Items]            
Capital commitment threshold to determine dividend rate $ 1,000,000          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold Two | Limited Partner | Minimum            
Debt Instrument [Line Items]            
Capital commitment threshold to determine dividend rate $ 500,000          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold Three | Limited Partner            
Debt Instrument [Line Items]            
Dividend percentage 8.50%          
LMA Income Series II, LP | Secured borrowing | Capital Commitment Threshold Three | Limited Partner | Minimum            
Debt Instrument [Line Items]            
Capital commitment threshold to determine dividend rate $ 1,000,000