XML 11 R4.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Revenues    
Interest income $ 15,164,688 $ 15,107,315
Interest expense (2,040,602) (2,065,382)
Net interest income 13,124,086 13,041,933
Expenses    
Management and incentive fees, net 1,719,495 1,735,533
General and administrative expense 1,151,474 1,196,106
Professional fees 503,548 492,946
Stock based compensation 865,354 649,312
Provision (benefit) for current expected credit losses 3,837,851 (1,073,276)
Total expenses 8,077,722 3,000,621
Change in unrealized loss on investment (206,000) 0
Net income before income taxes 4,840,364 10,041,312
Income tax expense 0 0
Net income $ 4,840,364 $ 10,041,312
Earnings per common share:    
Basic earnings per common share (in Dollars per share) $ 0.23 $ 0.48
Diluted earnings per common share (in Dollars per share) $ 0.23 $ 0.47
Weighted average number of common shares outstanding:    
Basic weighted average shares of common stock outstanding (in Shares) 21,080,272 20,858,466
Diluted weighted average shares of common stock outstanding (in Shares) 21,484,118 21,264,891