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Consolidated Statements of Income - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Interest income $ 62,900,004 $ 51,471,766
Interest expense (5,752,908) (2,614,138)
Net interest income 57,147,096 48,857,628
Expenses    
Management and incentive fees, net 8,782,834 6,562,087
General and administrative expense 5,260,287 3,528,322
Professional fees 2,153,999 2,151,714
Stock based compensation 1,479,736 435,623
Provision for current expected credit losses 940,385 3,887,405
Total expenses 18,617,241 16,565,151
Change in unrealized gain on debt securities, at fair value 75,604  
Realized gain on debt securities, at fair value 104,789  
Net Income before income taxes 38,710,248 32,292,477
Income tax expense 0 0
Net Income $ 38,710,248 $ 32,292,477
Earnings per common share:    
Basic earnings per common share (in Dollars per share) $ 2.14 $ 1.83
Diluted earnings per common share (in Dollars per share) $ 2.11 $ 1.82
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in Shares) 18,085,088 17,653,765
Diluted weighted average shares of common stock outstanding (in Shares) 18,343,725 17,746,214