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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenues    
Interest income $ 15,343,667 $ 16,527,304
Interest expense (2,104,050) (1,618,296)
Net interest income 13,239,617 14,909,008
Expenses    
Management and incentive fees, net 1,754,741 2,138,005
General and administrative expense 1,390,267 1,274,825
Professional fees 449,858 569,375
Stock based compensation 531,293 138,335
Provision for current expected credit losses 380,279 96,119
Total expenses 4,506,438 4,216,659
Change in unrealized gain on debt securities, at fair value (75,604)
Realized gain on debt securities, at fair value 72,428
Net Income before income taxes 8,730,003 10,692,349
Income tax expense 0 0
Net Income $ 8,730,003 $ 10,692,349
Earnings per common share:    
Basic earnings per common share (in Dollars per share) $ 0.48 $ 0.6
Diluted earnings per common share (in Dollars per share) $ 0.47 $ 0.6
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in Shares) 18,273,919 17,879,444
Diluted weighted average shares of common stock outstanding (in Shares) 18,640,492 17,960,103