INCOME TAXES (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Provision for Income Taxes

The following table presents our provision for income taxes: 

	Year Ended December 31,
	2023		2022
Deferred tax expense	$	5,723	$	11,088
Provision for income tax expense	$	5,723	$	11,088

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, 2023 and 2022:

	Year Ended December 31,
	2023		2022
U.S. federal statutory income tax	21.0	%	21.0	%
REIT income not subject to federal income tax	(21.0)	%	(20.1)	%
State and local income taxes, net of federal tax benefit	0.0	%	(0.4)	%
Return to provision	0.0	%	(0.6)	%
Effective income tax rate	0.0	%	(0.1)	%

Schedule of Deferred Tax Assets

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

	As of December 31, 2023		As of December 31, 2022
Accumulated net operating losses of TRS	$	1,372,235	$	1,229,334
Mortgage servicing rights	$	(116,648)	$	19,456
Capitalized transaction costs	$	68,862	$	81,382
Net non-current deferred tax asset	$	1,324,449	$	1,330,172