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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenue:    
Interest income from loans $ 1,833,914 $ 2,142,487
Origination fees 439,799 430,591
Total revenue 2,273,713 2,573,078
Operating costs and expenses:    
Interest and amortization of deferred financing costs 451,365 690,589
Referral fees 144 500
General and administrative expenses 453,570 410,278
Total operating costs and expenses 905,079 1,101,367
Income from operations 1,368,634 1,471,711
Other income 4,500 4,500
Net income $ 1,373,134 $ 1,476,211
Basic and diluted net income per common share outstanding:    
—Basic $ 0.12 $ 0.13
—Diluted $ 0.12 $ 0.13
Weighted average number of common shares outstanding:    
—Basic 11,438,651 11,438,673
—Diluted 11,438,651 11,438,673