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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Advisory services $ 6,907,910 $ 7,770,761
Interest income 7,868,940 8,361,808
Orchid Island Capital, Inc. dividends 1,459,235 1,626,439
Total revenues 16,236,085 17,759,008
Interest expense on repurchase agreements 4,602,837 4,029,766
Interest expense on junior subordinated notes 1,572,038 1,490,061
Net revenues 10,061,210 12,239,181
Other income:    
Unrealized (losses) gains on mortgage-backed securities 6,338,000 (7,306,786)
Realized gains on mortgage-backed securities 23,078 (576,521)
Unrealized losses on Orchid Island Capital, Inc. common stock (820,819) (4,392,904)
(Losses) gains on derivative instruments (5,817,825) (276,209)
Gains on retained interests in securitizations 314,984 1,103,466
Impairment of property and equipment 673,438 0
Other expense, net 32,884 1,400
Total other income (603,136) (11,447,554)
Expenses    
Compensation and related benefits 4,115,743 4,011,255
Directors fees and liability insurance 653,825 642,454
Audit, legal and other professional fees 489,243 451,615
Administrative and other expenses 1,180,898 1,337,509
Total expenses 6,439,709 6,442,833
Net (loss) income before income tax provision (benefit) 3,018,365 (5,651,206)
Income tax provision (benefit) (10,996,331) 21,126,955
Net (loss) income $ 14,014,696 $ (26,778,161)
Class A Common Stock [Member]    
Basic and Diluted Net (Loss) Income Per Share of:    
Basic $ 1.15 $ (2.1)
Diluted $ 1.15 $ (2.1)
Weighted Average Shares Outstanding    
Weighted Average Shares - Basic and Diluted 12,178,160 12,711,101
Class B Common Stock [Member]    
Basic and Diluted Net (Loss) Income Per Share of:    
Basic $ 1.15 $ (2.1)
Diluted $ 1.15 $ (2.1)
Weighted Average Shares Outstanding    
Weighted Average Shares - Basic and Diluted 31,938 31,938