v3.26.1
Consolidated Statements of Equity (Unaudited) - USD ($)
Total
Common Stock
Additional Paid-In-Capital
Accumulated Deficit
Balance at Dec. 31, 2024 $ 308,958,097 $ 208,292 $ 318,886,768 $ (10,136,963)
Balance (in Shares) at Dec. 31, 2024   20,829,228    
Issuance of common stock, net of offering costs 951,406 $ 646 950,760  
Issuance of common stock, net of offering costs (in Shares)   64,557    
Issuance of common stock from employee incentive plan (Note 10)   $ 1,808 (1,808)  
Issuance of common stock from employee incentive plan Note 10 (in Shares)   180,840    
Stock-based compensation, net of forfeitures 1,530,440   1,530,440  
Dividends declared on restricted stock awards (605,086)     (605,086)
Dividends declared on common shares (19,725,153)     (19,725,153)
Net income 18,918,686     18,918,686
Balance at Jun. 30, 2025 310,028,390 $ 210,746 321,366,160 (11,548,516)
Balance (in Shares) at Jun. 30, 2025   21,074,625    
Balance at Mar. 31, 2025 310,780,047 $ 208,938 320,486,840 (9,915,731)
Balance (in Shares) at Mar. 31, 2025   20,893,785    
Issuance of common stock from employee incentive plan (Note 10)   $ 1,808 (1,808)  
Issuance of common stock from employee incentive plan Note 10 (in Shares)   180,840    
Stock-based compensation, net of forfeitures 881,128   881,128  
Dividends declared on restricted stock awards (605,086)     (605,086)
Dividends declared on common shares (9,905,074)     (9,905,074)
Net income 8,877,375     8,877,375
Balance at Jun. 30, 2025 310,028,390 $ 210,746 321,366,160 (11,548,516)
Balance (in Shares) at Jun. 30, 2025   21,074,625    
Balance at Dec. 31, 2025 $ 307,814,476 $ 210,803 323,125,854 (15,522,181)
Balance (in Shares) at Dec. 31, 2025 21,080,272 21,080,272    
Issuance of common stock from employee incentive plan (Note 10)   $ 2,341 (2,341)  
Issuance of common stock from employee incentive plan Note 10 (in Shares)   234,120    
Stock-based compensation, net of forfeitures $ 1,822,932   1,822,932  
Dividends declared on restricted stock awards (377,568)     (377,568)
Dividends declared on common shares (19,925,492)     (19,925,492)
Net income 12,313,690     12,313,690
Balance at Jun. 30, 2026 $ 301,648,038 $ 213,144 324,946,445 (23,511,551)
Balance (in Shares) at Jun. 30, 2026 21,314,392 21,314,392    
Balance at Mar. 31, 2026 $ 303,422,658 $ 210,803 323,991,208 (20,779,353)
Balance (in Shares) at Mar. 31, 2026   21,080,272    
Issuance of common stock from employee incentive plan (Note 10)   $ 2,341 (2,341)  
Issuance of common stock from employee incentive plan Note 10 (in Shares)   234,120    
Stock-based compensation, net of forfeitures 957,578   957,578  
Dividends declared on restricted stock awards (187,760)     (187,760)
Dividends declared on common shares (10,017,764)     (10,017,764)
Net income 7,473,326     7,473,326
Balance at Jun. 30, 2026 $ 301,648,038 $ 213,144 $ 324,946,445 $ (23,511,551)
Balance (in Shares) at Jun. 30, 2026 21,314,392 21,314,392