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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues    
Interest income $ 15,107,315 $ 15,343,667
Interest expense (2,065,382) (2,104,050)
Net interest income 13,041,933 13,239,617
Expenses    
Management and incentive fees, net 1,735,533 1,754,741
General and administrative expense 1,196,106 1,390,267
Professional fees 492,946 449,858
Stock based compensation 649,312 531,293
(Benefit) provision for current expected credit losses (1,073,276) 380,279
Total expenses 3,000,621 4,506,438
Change in unrealized gain on investments 0 (75,604)
Realized gain on debt securities, at fair value 0 72,428
Net Income before income taxes 10,041,312 8,730,003
Income tax expense 0 0
Net Income $ 10,041,312 $ 8,730,003
Earnings per common share:    
Basic earnings per common share (in Dollars per share) $ 0.48 $ 0.48
Diluted earnings per common share (in Dollars per share) $ 0.47 $ 0.47
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in Shares) 20,858,466 18,273,919
Diluted weighted average shares of common stock outstanding (in Shares) 21,264,891 18,640,492