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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues [Abstract]    
Loan interest income $ 4,910 $ 4,579
Loan fee income 471 353
Servicing fee revenue 0 33
Realized losses on loans held for sale, net (2,214) 0
Total revenues 3,167 4,965
Expenses:    
Salaries and employee benefits 5,738 5,839
Legal fees 3,136 4,349
Professional fees 1,865 1,901
General and administrative 3,309 3,545
Servicing and asset management expense 639 683
Acquisition charges 0 513
Interest expense 2,793 1,328
Direct loan expense 721 122
Loan sales and marketing expense 3,154 338
Impairment of operating lease right-of-use asset 58 0
Impairment of intangible assets 511 0
Total expenses 21,924 18,618
Other income (expense)    
Change in fair value of loans 1,599 (1,963)
Realized losses on loans held for investment, net (14,857) 0
Other 42 32
Total other expense (13,216) (1,931)
Net loss before income tax (31,973) (15,584)
Income tax expense 573 350
Earnings per share    
Net loss (32,546) (15,934)
Gain of preferred stock transaction 0 5,122
Net loss attributable to common stockholders $ (32,546) $ (10,812)
Loss per share of common stock - Basic:    
Loss per basic common share (in USD per share) $ (11.12) $ (3.32)
Weighted average common stock outstanding – basic (in shares) 2,925,744 3,259,755
Loss per share of common stock - Diluted:    
Loss per diluted common share (in USD per share) $ (11.12) $ (3.32)
Weighted average common stock outstanding – diluted (in shares) 2,925,744 3,259,755