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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Assets [Abstract]    
Loans held for sale, at fair value $ 4,456 $ 11,593
Loans held for investment, at fair value 5,633 83,143
Cash and cash equivalents 8,713 10,727
Restricted cash 0 2,047
Other assets 6,737 10,137
Total assets 25,539 117,647
Liabilities    
Accrued expenses and other liabilities 6,270 10,349
Lease liabilities 900 1,323
Credit facility 0 51,653
Total liabilities 7,170 63,325
Commitment and contingencies (Note 6) 0 0
Redeemable preferred stock:    
Preferred stock, $0.01 par value, 250,000 shares authorized as of December 31, 2023 and 2022. 144,212 shares issued and outstanding and $144,212 redemption value as of December 31, 2023 and 2022. 144,212 144,212
Stockholders' deficit:    
Common stock, $0.01 par value, 5,000,000 authorized shares; 4,684,485 and 2,554,512 shares issued and outstanding, respectively, as of December 31, 2023 and 3,432,294 and 1,783,862 shares issued and outstanding, respectively, as of December 31, 2022. 46 34
Additional paid-in capital 149,160 149,010
Retained earnings 8,970 41,516
Accumulated other comprehensive income 14 20
Treasury stock, at cost, 2,129,973 shares as of December 31, 2023 and 1,648,432 shares as of December 31, 2022. (284,033) (280,470)
Total stockholders' deficit (125,843) (89,890)
Total liabilities and deficit $ 25,539 $ 117,647