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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenue:    
Interest income from loans $ 8,046,560 $ 7,976,232
Origination fees 1,642,081 1,820,024
Total Revenue 9,688,641 9,796,256
Operating costs and expenses:    
Interest and amortization of deferred financing costs 2,337,032 2,525,935
Referral fees 1,847 2,153
General and administrative expenses 1,776,176 1,825,227
Total operating costs and expenses 4,115,055 4,353,315
Income from operations 5,573,586 5,442,941
Other income 18,000 33,880
Income before income tax expense 5,591,586 5,476,821
Income tax expense (650) (650)
Net income $ 5,590,936 $ 5,476,171
Basic and diluted net income per common share outstanding:    
—Basic $ 0.49 $ 0.48
—Diluted $ 0.49 $ 0.48
Weighted average number of common shares outstanding    
—Basic 11,438,656 11,469,741
—Diluted 11,438,656 11,469,741