XML 81 R70.htm IDEA: XBRL DOCUMENT v3.25.2
NOTES - Interest Expense and Deferred Financing Costs - 2026 Notes (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Dec. 31, 2024
Notes          
Discount amortization     $ 31,434   $ (2,715,802)
Notes Payable 2026          
Notes          
Interest expense $ 1,218,750 $ 1,224,750 2,437,500 $ 2,443,500  
Deferred financing costs 111,374 111,374 221,524 222,747  
Total interest and financing expenses $ 1,330,124 $ 1,336,124 $ 2,659,024 $ 2,666,247  
Weighted average interest rate 4.90% 4.90% 4.90% 4.90%  
Effective interest rate (including fee amortization) 5.40% 5.40% 5.40% 5.40%  
Average debt outstanding $ 100,000,000 $ 100,000,000 $ 100,000,000 $ 100,000,000  
Cash paid for interest   $ 6,000 2,437,500 $ 2,443,500  
7.250% Notes due 2030          
Notes          
Interest expense 1,374,375   1,374,375    
Deferred financing costs 81,944   81,944    
Discount amortization 31,436   31,436    
Total interest and financing expenses $ 1,487,755   $ 1,487,755    
Weighted average interest rate 7.40%   7.40%    
Effective interest rate (including fee amortization) 8.00%   8.00%    
Average debt outstanding $ 75,000,000   $ 75,000,000    
Cash paid for interest $ 15,000   $ 15,000