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Consolidated Statement of Changes in Equity - USD ($)
Total
Total Stockholders' Equity
Preferred Stock
Common Stock
Additional Paid-in Capital
Cumulative Distributions to Stockholders
Accumulated Earnings
Noncontrolling interests
Beginning balance (in shares) at Dec. 31, 2023     2,400,000          
Balance at Dec. 31, 2023 $ 240,792,380 $ 240,692,880 $ 57,254,935 $ 522,487 $ 314,587,299 $ (179,045,749) $ 47,373,908 $ 99,500
Beginning balance (in shares) at Dec. 31, 2023       52,248,631        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       8,684        
Issuance of common stock 19,947 19,947   $ 87 19,860      
Cost of issuing common stock (14,196) (14,196)     (14,196)      
Net (loss) income 6,980,182 6,980,182         6,980,182  
Common stock dividends (3,658,012) (3,658,012)       (3,658,012)    
Preferred stock dividends (1,184,999) (1,184,999)       (1,184,999)    
Ending balance (in shares) at Mar. 31, 2024     2,400,000          
Balance at Mar. 31, 2024 242,935,302 242,835,802 $ 57,254,935 $ 522,574 314,592,963 (183,888,760) 54,354,090 99,500
Ending balance (in shares) at Mar. 31, 2024       52,257,315        
Beginning balance (in shares) at Dec. 31, 2023     2,400,000          
Balance at Dec. 31, 2023 240,792,380 240,692,880 $ 57,254,935 $ 522,487 314,587,299 (179,045,749) 47,373,908 99,500
Beginning balance (in shares) at Dec. 31, 2023       52,248,631        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income 11,578,628              
Common stock dividends (7,840,030)              
Preferred stock dividends (2,370,000)              
Ending balance (in shares) at Jun. 30, 2024     2,400,000          
Balance at Jun. 30, 2024 242,195,026 242,095,526 $ 57,254,935 $ 522,753 314,621,082 (189,255,780) 58,952,536 99,500
Ending balance (in shares) at Jun. 30, 2024       52,275,230        
Beginning balance (in shares) at Mar. 31, 2024     2,400,000          
Balance at Mar. 31, 2024 242,935,302 242,835,802 $ 57,254,935 $ 522,574 314,592,963 (183,888,760) 54,354,090 99,500
Beginning balance (in shares) at Mar. 31, 2024       52,257,315        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       17,915        
Issuance of common stock 42,494 42,494   $ 179 42,315      
Cost of issuing common stock (14,196) (14,196)     (14,196)      
Net (loss) income 4,598,446 4,598,446         4,598,446  
Common stock dividends (4,182,019) (4,182,019)       (4,182,019)    
Preferred stock dividends (1,185,001) (1,185,001)       (1,185,001)    
Ending balance (in shares) at Jun. 30, 2024     2,400,000          
Balance at Jun. 30, 2024 $ 242,195,026 242,095,526 $ 57,254,935 $ 522,753 314,621,082 (189,255,780) 58,952,536 99,500
Ending balance (in shares) at Jun. 30, 2024       52,275,230        
Beginning balance (in shares) at Dec. 31, 2024 2,400,000   2,400,000          
Balance at Dec. 31, 2024 $ 237,899,032 [1] 237,799,532 $ 57,254,935 $ 523,093 314,700,120 (204,701,714) 70,023,098 99,500
Beginning balance (in shares) at Dec. 31, 2024 52,309,209     52,309,209        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       15,263        
Issuance of common stock $ 42,492 42,492   $ 153 42,339      
Net (loss) income (522,568) (522,568)         (522,568)  
Common stock dividends (4,185,958) (4,185,958)       (4,185,958)    
Preferred stock dividends (1,184,958) (1,184,958)       (1,184,958)    
Ending balance (in shares) at Mar. 31, 2025     2,400,000          
Balance at Mar. 31, 2025 $ 232,048,040 231,948,540 $ 57,254,935 $ 523,246 314,742,459 (210,072,630) 69,500,530 99,500
Ending balance (in shares) at Mar. 31, 2025       52,324,472        
Beginning balance (in shares) at Dec. 31, 2024 2,400,000   2,400,000          
Balance at Dec. 31, 2024 $ 237,899,032 [1] 237,799,532 $ 57,254,935 $ 523,093 314,700,120 (204,701,714) 70,023,098 99,500
Beginning balance (in shares) at Dec. 31, 2024 52,309,209     52,309,209        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Net (loss) income $ 3,168,205              
Common stock dividends (7,326,421)              
Preferred stock dividends $ (2,370,000)              
Ending balance (in shares) at Jun. 30, 2025 2,400,000   2,400,000          
Balance at Jun. 30, 2025 $ 231,455,804 [1] 231,356,304 $ 57,254,935 $ 523,412 314,784,789 (214,398,135) 73,191,303 99,500
Ending balance (in shares) at Jun. 30, 2025 52,341,046     52,341,046        
Beginning balance (in shares) at Mar. 31, 2025     2,400,000          
Balance at Mar. 31, 2025 $ 232,048,040 231,948,540 $ 57,254,935 $ 523,246 314,742,459 (210,072,630) 69,500,530 99,500
Beginning balance (in shares) at Mar. 31, 2025       52,324,472        
Increase (Decrease) in Stockholders' Equity [Roll Forward]                
Issuance of common stock (in shares)       16,574        
Issuance of common stock 42,496 42,496   $ 166 42,330      
Net (loss) income 3,690,773 3,690,773         3,690,773  
Common stock dividends (3,140,463) (3,140,463)       (3,140,463)    
Preferred stock dividends $ (1,185,042) (1,185,042)       (1,185,042)    
Ending balance (in shares) at Jun. 30, 2025 2,400,000   2,400,000          
Balance at Jun. 30, 2025 $ 231,455,804 [1] $ 231,356,304 $ 57,254,935 $ 523,412 $ 314,784,789 $ (214,398,135) $ 73,191,303 $ 99,500
Ending balance (in shares) at Jun. 30, 2025 52,341,046     52,341,046        
[1] Our consolidated balance sheets include assets and liabilities of consolidated variable interest entities ("VIEs") as the Company was the primary beneficiary of these VIEs. As of June 30, 2025 and December 31, 2024, assets of consolidated VIEs totaled $934,090,475 and $1,058,138,406, respectively and the liabilities of consolidated VIEs totaled $712,768,638 and $831,001,605 respectively. See Note 4 for further discussion.