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Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Revenues    
Interest income $ 62,104,092 $ 62,900,004
Interest expense (7,153,207) (5,752,908)
Net interest income 54,950,885 57,147,096
Expenses    
Management and incentive fees, net 8,061,896 8,782,834
General and administrative expense 5,388,967 5,260,287
Professional fees 1,811,067 2,153,999
Stock based compensation 3,058,674 1,479,736
(Benefit) provision for current expected credit losses (583,298) 940,385
Total expenses 17,737,306 18,617,241
Change in unrealized (loss) gain on investments (240,604) 75,604
Realized gain on debt securities, at fair value 72,428 104,789
Net Income before income taxes 37,045,403 38,710,248
Income tax expense 0 0
Net Income $ 37,045,403 $ 38,710,248
Earnings per common share:    
Basic earnings per common share (in Dollars per share) $ 1.92 $ 2.14
Diluted earnings per common share (in Dollars per share) $ 1.88 $ 2.11
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in Shares) 19,279,501 18,085,088
Diluted weighted average shares of common stock outstanding (in Shares) 19,713,916 18,343,725