INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2022

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The following table presents our provision for income taxes: 

	Year Ended December 31,
	2022		2021
Deferred tax expense	$	11,088	$	77,894
Provision for income tax expense	$	11,088	$	77,894

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of our effective income tax rate as a percentage of pre-tax income to the U.S. federal statutory rate, for the years ended December 31, 2022 and 2021:

	Year Ended December 31,
	2022		2021
U.S. federal statutory income tax	21.0	%	21.0	%
REIT income not subject to federal income tax	(20.1)	%	(21.4)	%
State and local income taxes, net of federal tax benefit	(0.4)	%	(0.2)	%
Return to provision	(0.6)	%	(0.1)	%
Effective income tax rate	(0.1)	%	(0.7)	%

Schedule of Deferred Tax Assets

The TRS has a deferred tax asset , comprised of the following:

	As of December 31, 2022		As of December 31, 2021
Accumulated net operating losses of TRS	$	1,229,334	$	985,917
Mortgage servicing rights	$	19,456	$	261,440
Capitalized transaction costs	$	81,382	$	93,903
Net non-current deferred tax asset	$	1,330,172	$	1,341,260