Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2023	Jun. 30, 2022
Interest income:
Commercial mortgage loans held-for-investment	$ 21,818,608	$ 12,633,772	$ 43,763,269	$ 22,642,836
Cash and cash equivalents	827,443	4,912	1,089,108	9,767
Interest expense:
Collateralized loan obligations	(14,199,861)	(5,284,890)	(27,232,907)	(9,289,128)
Secured term loan	(937,210)	(937,210)	(1,864,122)	(1,859,853)
Net interest income	7,508,980	6,416,584	15,755,348	11,503,622
Other expense:
Provision for credit losses, net	(555,083)	(351,914)	(375,399)	(351,914)
Change in unrealized (loss) gain on mortgage servicing rights	206	81,216	(48,923)	228,598
Servicing income, net	45,396	56,053	96,924	123,234
Total other expense	(509,481)	(214,645)	(327,398)	(82)
Expenses:
Management and incentive fees	1,093,374	1,090,652	2,180,636	2,015,269
General and administrative expenses	882,723	960,420	1,830,789	1,813,152
Operating expenses reimbursable to Manager	577,666	648,645	1,087,652	1,039,355
Other operating expenses	1,809,700	77,808	1,874,284	153,998
Compensation expense	61,586	54,893	123,694	105,781
Total expenses	4,425,049	2,832,418	7,097,055	5,127,555
Net income before provision for income taxes	2,574,450	3,369,521	8,330,895	6,375,985
Benefit from (provision for) income taxes	(223)	(25,669)	10,023	(77,334)
Net income	2,574,227	3,343,852	8,340,918	6,298,651
Dividends accrued to preferred stockholders	(1,185,042)	(1,185,042)	(2,370,000)	(2,370,000)
Net income attributable to common stockholders	1,389,185	2,158,810	5,970,918	3,928,651
Earnings per share:
Net income attributable to common stockholders (basic)	1,389,185	2,158,810	5,970,918	3,928,651
Net income attributable to common stockholders (diluted)	$ 1,389,185	$ 2,158,810	$ 5,970,918	$ 3,928,651
Weighted average number of shares of common stock outstanding (in shares)	52,231,152	52,226,141	52,231,152	44,389,086
Basic income per share (in dollars per share)	$ 0.03	$ 0.04	$ 0.11	$ 0.09
Diluted income per share (in dollars per share)	0.03	0.04	0.11	0.09
Dividends declared per share of common stock (in dollars per share)	$ 0.06	$ 0.06	$ 0.12	$ 0.12