SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - Reconciliation of Cash, Cash Equivalents and Restricted Cash (Details) - USD ($)		Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022
Cash and Cash Equivalents [Line Items]
Cash and cash equivalents	[1]	$ 64,573,372	$ 51,247,063
Restricted cash	[1]		270,129
Total cash, cash equivalents and restricted cash		64,645,554	51,517,192	$ 100,518,930	$ 47,366,365
2021-FL1 CLO
Cash and Cash Equivalents [Line Items]
Restricted cash	[1]	72,182	71,826
LMF 2023-1 Financing
Cash and Cash Equivalents [Line Items]
Restricted cash		$ 0	$ 198,303

[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 March 31, 2024 and December 31, 2023, assets of consolidated VIEs totaled $1,311,421,901 and $1,384,136,334, respectively and the liabilities of consolidated VIEs totaled $1,079,644,656 and $1,150,207,290 respectively. See Note 4 for further discussion.