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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:    
Net income $ 5,590,936 $ 5,476,171
Adjustments to reconcile net income to net cash provided by operating activities -    
Amortization of deferred financing costs 88,664 93,403
Depreciation 4,870 4,057
Non-cash compensation expense 13,065 13,065
Adjustment to right-of-use asset - operating lease and liability (84) 1,900
Changes in operating assets and liabilities:    
Interest and other fees receivable on loans (552,755) (245,868)
Other assets 705 (3,042)
Accounts payable and accrued expenses (63,057) 5,424
Deferred origination fees (150,485) 49,891
Net cash provided by operating activities 4,931,859 5,395,001
Cash flows from investing activities:    
Issuance of short-term loans (41,538,217) (56,087,911)
Collections received from loans 49,089,982 57,736,436
Purchase of fixed assets (4,018) (5,085)
Net cash provided by investing activities 7,547,747 1,643,440
Cash flows from financing activities:    
(Repayment of) proceeds from line of credit, net (8,724,464) 158,104
Dividends paid (5,233,408) (5,308,231)
Purchase of treasury shares (9,800) (261,667)
Deferred financing costs incurred (2,167) (38,192)
Net cash used in financing activities (13,969,839) (5,449,986)
Net (decrease) increase in cash and restricted cash (1,490,233) 1,588,455
Cash and restricted cash, beginning of year [1] 1,691,995 103,540
Cash and restricted cash, end of year [1] 201,762 1,691,995
Supplemental Disclosure of Cash Flow Information:    
Cash paid during the period for taxes 650 650
Cash paid during the period for interest 2,323,520 2,423,838
Cash paid during the period for operating leases 63,084 64,055
Supplemental Schedule of Noncash Financing Activities:    
Dividend declared and payable 1,315,445 1,287,073
Loan holdback relating to mortgage receivable 50,000
Supplemental Schedule of Noncash Operating and Investing Activities:    
Reduction in interest receivable in connection with the increase in loans receivable $ 427,627 $ 213,465
[1] At December 31, 2024 and 2023, cash and restricted cash included $23,750 and $1,587,773, respectively, of restricted cash.