XML 12 R5.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Consolidated Statements of Equity (Unaudited) - USD ($)
Total
Common Stock
Additional Paid-In-Capital
Accumulated Earnings(Deficit)
Balance at Dec. 31, 2022 $ 264,033,023 $ 176,859 $ 268,995,848 $ (5,139,684)
Balance (in Shares) at Dec. 31, 2022   17,685,952    
Issuance of common stock in connection with initial public offering and concurrent private placement, net of offering costs, underwriting discounts and commissions 5,794,917 $ 3,958 5,790,959  
Issuance of common stock in connection with initial public offering and concurrent private placement, net of offering costs, underwriting discounts and commissions (in Shares)   395,779    
Stock-based compensation 138,335 $ 70 138,265  
Stock-based compensation (in Shares)   6,952    
Dividends declared on common shares (8,535,296)     (8,535,296)
Net Income (Loss) 10,692,349     10,692,349
Balance at Mar. 31, 2023 $ 272,123,328 $ 180,887 274,925,072 (2,982,631)
Balance (in Shares) at Mar. 31, 2023 18,197,192 18,088,683    
Balance at Dec. 31, 2023 $ 271,853,391 $ 181,972 277,483,092 (5,811,673)
Balance (in Shares) at Dec. 31, 2023   18,197,192    
Issuance of common stock, net of offering costs 13,853,334 $ 8,964 13,844,203 167
Issuance of common stock, net of offering costs (in Shares)   896,443    
Stock-based compensation 531,293 $ 67 531,226  
Stock-based compensation (in Shares)   6,647    
Dividends declared on common shares (9,007,244)     (9,007,244)
Net Income (Loss) 8,730,003     8,730,003
Balance at Mar. 31, 2024 $ 285,960,777 $ 191,003 $ 291,858,521 $ (6,088,747)
Balance (in Shares) at Mar. 31, 2024 18,197,192 19,100,282