Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Jun. 30, 2023	Dec. 31, 2022
ASSETS:
Total mortgage-backed securities	$ 63,770,474	$ 45,893,436
Cash and cash equivalents	5,013,583	6,010,799
Restricted cash	553,800	763,000
Orchid Island Capital, Inc. common stock, at fair value	5,889,885	5,975,248
Accrued interest receivable	285,513	204,018
Property and equipment, net	1,959,068	1,997,313
Deferred tax assets, net	22,741,823	23,178,243
Other assets	1,175,638	1,164,181
Total Assets	102,630,610	86,316,951
LIABILITIES:
Repurchase agreements	60,694,589	43,817,999
Long-term debt	27,404,399	27,416,239
Accrued interest payable	202,066	194,629
Other liabilities	914,497	2,764,005
Total Liabilities	89,215,551	74,192,872
COMMITMENTS AND CONTINGENCIES (Note 9)
STOCKHOLDERS' EQUITY:
Preferred stock, $0.001 par value; 10,000,000 shares authorized; 100,000 shares designated Series A Junior Preferred Stock, 9,900,000 shares undesignated; no shares issued and outstanding as of June 30, 2023 and December 31, 2022	0	0
Additional paid-in capital	329,828,268	329,828,268
Accumulated deficit	(316,423,293)	(317,714,273)
Total Stockholders’ Equity	13,415,059	12,124,079
Total Liabilities and Stockholders' Equity	102,630,610	86,316,951
Common Class A [Member]
STOCKHOLDERS' EQUITY:
Common stock	10,020	10,020
Common Class B [Member]
STOCKHOLDERS' EQUITY:
Common stock	32	32
Common Class C [Member]
STOCKHOLDERS' EQUITY:
Common stock	32	32
Related Party [Member]
ASSETS:
Due from affiliates	1,240,826	1,130,713
Asset Pledged as Collateral [Member]
ASSETS:
Total mortgage-backed securities	63,610,592	45,716,793
Restricted cash	554,000	763,000
Accrued interest receivable	283,000	200,000
Total Assets	64,448,000	46,680,000
Asset Not Pledged as Collateral [Member]
ASSETS:
Total mortgage-backed securities	$ 159,882	$ 176,643