SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	[1]	$ 51,247,063	$ 43,858,515
Restricted cash	[1]	270,129	3,507,850
Total cash, cash equivalents and restricted cash		51,517,192	47,366,365	$ 18,279,052
2021-FL1 CLO
Cash and Cash Equivalents [Line Items]
Restricted cash		71,826	3,507,850
LMF 2023-1 Financing
Cash and Cash Equivalents [Line Items]
Restricted cash		$ 198,303	$ 0

[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 December 31, 2023 and December 31, 2022, assets of the consolidated VIEs totaled $1,384,136,334 and $1,005,507,371, respectively and the liabilities of consolidated VIEs totaled $1,150,207,290 and $831,575,144, respectively. See Note 4 for further discussion.