Stockholders’ Equity (Tables)

3 Months Ended

Mar. 31, 2025

Stockholders’ Equity [Abstract]

Schedule of Restricted Stock Awards

Based on the closing market price of our common stock on March 31, 2025 and December 31, 2024, the aggregate intrinsic value of our restricted stock awards was as follows:

	As of March 31, 2025				As of December 31, 2024
	Outstanding		Vested		Outstanding		Vested
Aggregate intrinsic value	$	5,975,432	$	3,033,845	$	6,342,292	$	3,182,441

Schedule of Restricted Stock Activity

The following table summarizes the restricted stock activity for the Company’s directors and officers and employees of the Manager during the three months ended March 31, 2025 and 2024.

	Unvested Restricted Stock			Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2024		411,303		$	15.14
Forfeited		(4,811	)		15.59
Balance at March 31, 2025		406,492		$	15.13

	Unvested Restricted Stock			Weighted Average Grant Date Fair Value per Share
Balance at December 31, 2023		366,647		$	14.86
Vested		(6,647	)	$	16.00
Balance at March 31, 2024		360,000		$	14.84