Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)	Mar. 31, 2024	Dec. 31, 2023
ASSETS:
Total mortgage-backed securities	$ 88,663,324	$ 92,730,852
Cash and cash equivalents	3,284,617	3,716,386
Restricted cash	1,386,000	753,900
Orchid Island Capital, Inc. common stock, at fair value	5,081,803	4,797,269
Accrued interest receivable	469,056	488,660
Property and equipment, net	1,901,700	1,920,823
Deferred tax assets, net	18,650,904	19,047,680
Other assets	1,234,950	1,129,038
Total Assets	121,679,271	125,598,014
LIABILITIES:
Repurchase agreements	84,598,999	86,906,999
Long-term debt	27,388,264	27,394,417
Accrued interest payable	376,651	260,413
Other liabilities	974,508	2,908,444
Total Liabilities	113,338,422	117,470,273
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 March 31, 2024 and December 31, 2023	0	0
Additional paid-in capital	329,815,150	329,815,150
Accumulated deficit	(321,484,370)	(321,697,478)
Total Stockholders’ Equity	8,340,849	8,127,741
Total Liabilities and Stockholders' Equity	121,679,271	125,598,014
Common Class A [Member]
STOCKHOLDERS' EQUITY:
Common stock	10,005	10,005
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	1,006,917	1,013,406
Asset Pledged as Collateral [Member]
ASSETS:
Total mortgage-backed securities	88,505,606	92,575,292
Restricted cash	1,386,000	754,000
Accrued interest receivable	465,000	486,000
Total Assets	90,357,000	93,815,000
Asset Not Pledged as Collateral [Member]
ASSETS:
Total mortgage-backed securities	$ 157,718	$ 155,560