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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 552,570 $ 213,108
Adjustments to reconcile net income to net cash used in operating activities:    
Depreciation 18,075 19,123
Deferred income tax provision 180,837 396,776
Changes in operating assets and liabilities:    
Accrued interest receivable 14,104 19,604
Due from affiliates (181,496) 123,796
Other assets (70,477) (223,219)
Accrued interest payable (215,737) 116,238
Other liabilities (2,075,792) (1,933,936)
NET CASH USED IN OPERATING ACTIVITIES (3,118,966) (1,024,206)
CASH FLOWS FROM INVESTING ACTIVITIES:    
NET CASH PROVIDED BY INVESTING ACTIVITIES 2,872,054 3,538,690
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from repurchase agreements 285,099,000 177,010,000
Principal repayments on repurchase agreements (286,769,000) (179,318,000)
Principal repayments on long-term debt (5,396) (6,153)
NET CASH USED IN FINANCING ACTIVITIES (1,675,396) (2,314,153)
NET (DECREASE) INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (1,922,308) 200,331
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, beginning of the period 7,422,746 4,470,286
CASH, CASH EQUIVALENTS AND RESTRICTED CASH, end of the period 5,500,438 4,670,617
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION:    
Interest expense 2,059,757 1,699,440
Orchid Island Capital [Member]    
Adjustments to reconcile net income to net cash used in operating activities:    
Unrealized losses (gains) on investments 147,958 (284,534)
Collateralized Mortgage-Backed Securities [Member]    
Adjustments to reconcile net income to net cash used in operating activities:    
Unrealized losses (gains) on investments (1,489,008) 528,838
CASH FLOWS FROM INVESTING ACTIVITIES:    
Principal repayments $ 2,872,054 $ 3,538,690