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CONSOLIDATED STATEMENTS OF SHAREHOLDERS’ EQUITY - USD ($)
Total
Preferred Stock
Common Stock
Additional Paid-In Capital
Accumulated Earnings (Deficit)
Beginning balance at Dec. 31, 2023 $ 320,052,225 $ 1 $ 204,577 $ 349,805,890 $ (29,958,243)
Beginning balance (in shares) at Dec. 31, 2023     20,457,697    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock, net of offering costs (in shares) 0   1,582,960    
Issuance of common stock, net of offering costs $ 15,577,823   $ 15,829 15,561,994  
Stock-based compensation, net of forfeitures (in shares)     292,270    
Stock-based compensation, net of forfeitures 1,390,978   $ 2,923 1,388,055  
Dividends declared on common shares (37,531,416)       (37,531,416)
Dividends declared on preferred shares (7,500)       (7,500)
Redemption of preferred shares (125,000) (1)   (124,999)  
Distributions in connection with the Spin-Off (114,765,177)     (114,765,177)  
Net (loss) income 16,784,205       16,784,205
Ending balance at Dec. 31, 2024 $ 201,376,138 0 $ 223,329 251,865,763 (50,712,954)
Ending balance (in shares) at Dec. 31, 2024 22,332,927   22,332,927    
Increase (Decrease) in Stockholders' Equity [Roll Forward]          
Issuance of common stock, net of offering costs (in shares) 0        
Stock-based compensation, net of forfeitures (in shares)     1,195,917    
Stock-based compensation, net of forfeitures $ 6,840,805   $ 11,959 6,828,846  
Dividends declared on common shares (11,975,530)       (11,975,530)
Net (loss) income (20,673,426)       (20,673,426)
Ending balance at Dec. 31, 2025 $ 175,567,987 $ 0 $ 235,288 $ 258,694,609 $ (83,361,910)
Ending balance (in shares) at Dec. 31, 2025 23,528,844   23,528,844