EARNINGS PER SHARE (Tables)

3 Months Ended

Mar. 31, 2025

Earnings Per Share [Abstract]

Schedule of Computation of Basic and Diluted Earnings Per Share

The following tables provide additional disclosure regarding the computation for the three months ended March 31, 2025 and March 31, 2024:

	Three Months Ended March 31, 2025				Three Months Ended March 31, 2024
Net (loss) income			$	(522,568)			$	6,980,182
Less dividends:
Common stock	$	4,185,958			$	3,658,012
Preferred stock	1,184,958				1,184,999
			5,370,916				4,843,011
Undistributed (deficit) earnings			$	(5,893,484)			$	2,137,171

	Unvested Share-Based Payment Awards		Common Stock		Unvested Share-Based Payment Awards		Common Stock
Distributed earnings	$	0.00	$	0.08	$	0.00	$	0.07
Undistributed (deficit) earnings	0.00		(0.11)		0.00		0.04
Total	$	0.00	$	(0.03)	$	0.00	$	0.11

Schedule of Weighted Average Number of Shares

	For the three months ended March 31,
	2025	2024
Basic weighted average shares of common stock	52,309,887	52,249,299
Diluted weighted average shares of common stock outstanding	52,309,887	52,249,299