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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues        
Interest income $ 16,502,035 $ 15,022,431 $ 31,609,350 $ 30,366,098
Interest expense (2,077,048) (1,838,932) (4,142,430) (3,942,982)
Net interest income 14,424,987 13,183,499 27,466,920 26,423,116
Expenses        
Management and incentive fees, net 1,932,957 1,774,880 3,668,490 3,529,621
General and administrative expense 1,271,124 1,254,535 2,467,231 2,644,802
Professional fees 480,113 409,149 973,059 859,007
Stock based compensation 881,128 836,333 1,530,440 1,367,626
Provision (benefit) for current expected credit losses 1,147,290 (275,471) 74,014 104,808
Total expenses 5,712,612 3,999,426 8,713,234 8,505,864
Change in unrealized gain (loss) on investments 165,000 0 165,000 (75,604)
Realized gain on debt securities, at fair value 0 0 0 72,428
Net Income before income taxes 8,877,375 9,184,073 18,918,686 17,914,076
Income tax expense 0 0 0 0
Net Income $ 8,877,375 $ 9,184,073 $ 18,918,686 $ 17,914,076
Earnings per common share:        
Basic earnings per common share (in Dollars per share) $ 0.42 $ 0.47 $ 0.9 $ 0.95
Diluted earnings per common share (in Dollars per share) $ 0.41 $ 0.46 $ 0.89 $ 0.93
Weighted average number of common shares outstanding:        
Basic weighted average shares of common stock outstanding (in Shares) 21,002,787 19,378,445 20,931,025 18,826,182
Diluted weighted average shares of common stock outstanding (in Shares) 21,487,106 19,890,376 21,376,645 19,265,434