Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Interest income:
Commercial mortgage loans held-for-investment	$ 34,790,118	$ 21,944,661
Cash and cash equivalents	651,403	261,665
Interest expense:
Collateralized loan obligations and secured financings	(21,511,754)	(13,033,046)
Secured term loan	(937,210)	(926,912)
Net interest income	12,992,557	8,246,368
Expenses:
Management and incentive fees	2,568,207	1,087,262
General and administrative expenses	1,134,136	948,066
Operating expenses reimbursable to Manager	470,167	509,986
Other operating expenses	36,480	64,584
Compensation expense	58,750	62,108
Total expenses	4,267,740	2,672,006
Other income and expense:
(Provision for) reversal of credit losses, net	(1,776,873)	179,684
Change in unrealized (loss) gain on mortgage servicing rights	4,627	(49,129)
Servicing income, net	38,503	51,528
Total other income and expense	(1,733,743)	182,083
Net income before provision for income taxes	6,991,074	5,756,445
(Provision for) benefit from income taxes	(10,892)	10,246
Net income	6,980,182	5,766,691
Dividends accrued to preferred stockholders	(1,184,999)	(1,184,958)
Net income attributable to common stockholders	5,795,183	4,581,733
Earnings per share:
Net income attributable to common stockholders (basic)	5,795,183	4,581,733
Net income attributable to common stockholders (diluted)	$ 5,795,183	$ 4,581,733
Weighted average number of shares of common stock outstanding (in shares)	52,249,299	52,231,152
Basic income per share (in dollars per share)	$ 0.11	$ 0.09
Diluted income per share (in dollars per share)	0.11	0.09
Dividends declared per share of common stock (in dollars per share)	$ 0.07	$ 0.06