Consolidated Balance Sheets - USD ($)		Dec. 31, 2023		Dec. 31, 2022
Assets
Loans held for investment		$ 337,238,122		$ 339,273,538
Loan held for investment - related party (Note 7)		16,402,488
Loans held for investment, at carrying value	[1]	353,640,610	[2]	339,273,538
Current expected credit loss reserve		(4,972,647)		(3,940,939)
Loans held for investment at carrying value, net		348,667,963		335,332,599
Cash and cash equivalents		7,898,040		5,715,827
Debt securities, at fair value		842,269		0
Interest receivable		1,004,140		1,204,412
Other receivables and assets, net		705,960		1,018,212
Total Assets		359,225,597		343,271,050
Liabilities
Revolving loan		66,000,000		58,000,000
Dividend payable		13,866,656		13,618,591
Management and incentive fees payable		3,243,775		3,295,600
Accounts payable and other liabilities		1,135,355		1,058,128
Interest reserve		1,074,889		1,868,193
Total Liabilities		87,372,206		79,238,027
Commitments and contingencies (Note 8)
Stockholders’ equity
Common stock, par value $0.01 per share, 100,000,000 shares authorized and 18,197,192 and 17,685,952 shares issued and outstanding, respectively		181,972		176,859
Additional paid-in-capital		277,483,092		268,995,848
Accumulated deficit		(5,811,673)		(5,139,684)
Total stockholders’ equity		271,853,391		264,033,023
Total liabilities and stockholders’ equity		359,225,597		343,271,050
Related Party
Assets
Related party receivables		107,225
Liabilities
Related party payables		$ 2,051,531		$ 1,397,515

[1] Amounts are presented by loan origination year with subsequent advances shown in the original year of origination.

[2] Loans #6 and #9 placed on non-accrual status and are included in risk rating category "3" and “4”, respectively, and carries a reserve for current expected credit losses of approximately $1.6 million as of December 31, 2023.