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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue:    
Interest income from loans $ 2,142,487 $ 1,953,821
Origination fees 430,591 443,971
Total revenue 2,573,078 2,397,792
Operating costs and expenses:    
Interest and amortization of deferred financing costs 690,589 646,263
Referral fees 500 291
General and administrative expenses 410,278 496,096
Total operating costs and expenses 1,101,367 1,142,650
Income from operations 1,471,711 1,255,142
Other income 4,500 4,500
Net income $ 1,476,211 $ 1,259,642
Basic and diluted net income per common share outstanding:    
—Basic $ 0.13 $ 0.11
—Diluted $ 0.13 $ 0.11
Weighted average number of common shares outstanding:    
—Basic 11,438,673 11,494,945
—Diluted 11,438,673 11,494,945