Consolidated Balance Sheets (USD $)	Dec. 31, 2012	Dec. 31, 2011
Mortgage-backed securities, at fair value
Pledged to counterparties	$ 109,604,559	$ 46,640,037
Unpledged	5,775,015	9,361,547
Total mortgage-backed securities	115,379,574	56,001,584
Cash and cash equivalents	2,537,257	1,891,914
Restricted cash	449,000	90,750
Accrued interest receivable	440,877	374,560
Prepaid expenses and other assets	9,122	9,964
Due From Bimini Capital Management, Inc.	45,126	0
Total Assets	118,860,956	58,368,772
Liabilities
Repurchase agreements	103,941,174	44,325,000
Accrued interest payable	54,084	11,496
Accounts payable, accrued expenses and other	140,723	14,583
Due To Bimini Capial Management, Inc.	0	238,061
Total Liabilities	104,135,981	44,589,140
Stockholders' Equity
Common Stock, Par Value	1,541	1,500
Additional paid in capital	15,409,459	14,998,500
Accumulated deficit	(686,025)	(1,220,368)
Total Stockholders Equity	14,724,975	13,779,632
Total Liabilities and Stockholders Equity	$ 118,860,956	$ 58,368,772