Consolidated Statements of Income (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2026 |
Jun. 30, 2025 |
Jun. 30, 2026 |
Jun. 30, 2025 |
|
| Revenues | ||||
| Interest income | $ 15,219,022 | $ 16,502,035 | $ 30,383,710 | $ 31,609,350 |
| Interest expense | (2,384,377) | (2,077,048) | (4,424,979) | (4,142,430) |
| Net interest income | 12,834,645 | 14,424,987 | 25,958,731 | 27,466,920 |
| Expenses | ||||
| Management and incentive fees, net | 1,604,328 | 1,932,957 | 3,323,823 | 3,668,490 |
| General and administrative expense | 1,529,035 | 1,271,124 | 2,680,508 | 2,467,231 |
| Professional fees | 495,084 | 480,113 | 998,633 | 973,059 |
| Stock based compensation | 957,578 | 881,128 | 1,822,932 | 1,530,440 |
| Provision (benefit) for current expected credit losses | 551,294 | 1,147,290 | 4,389,145 | 74,014 |
| Total expenses | 5,137,319 | 5,712,612 | 13,215,041 | 8,713,234 |
| Change in unrealized (loss)/gain on investment | (224,000) | 165,000 | (430,000) | 165,000 |
| Net income before income taxes | 7,473,326 | 8,877,375 | 12,313,690 | 18,918,686 |
| Income tax expense | 0 | 0 | 0 | 0 |
| Net income | $ 7,473,326 | $ 8,877,375 | $ 12,313,690 | $ 18,918,686 |
| Earnings per common share: | ||||
| Basic earnings per common share (in Dollars per share) | $ 0.35 | $ 0.42 | $ 0.58 | $ 0.9 |
| Diluted earnings per common share (in Dollars per share) | $ 0.34 | $ 0.41 | $ 0.57 | $ 0.89 |
| Weighted average number of common shares outstanding: | ||||
| Basic weighted average shares of common stock outstanding (in Shares) | 21,242,557 | 21,002,787 | 21,161,863 | 20,931,025 |
| Diluted weighted average shares of common stock outstanding (in Shares) | 21,713,882 | 21,487,106 | 21,599,634 | 21,376,645 |
| X | ||||||||||
- Definition Change in unrealized gain (loss) on debt securities at fair value. No definition available.
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- References No definition available.
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| X | ||||||||||
- 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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| X | ||||||||||
- 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 The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- 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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| X | ||||||||||
- 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. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for management and incentive fees for performance under arrangement to manage operation, including, but not limited to, managing investment. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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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 Total aggregate amount of all noninterest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- 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 credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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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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| X | ||||||||||
- 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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| X | ||||||||||
- References No definition available.
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