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Interest Reserve
 9 Months Ended
Sep. 30, 2022
Interest Reserve [Abstract]  
INTEREST RESERVE

5. INTEREST RESERVE

 

At September 30, 2022, the Company had six loans that included a prepaid interest reserve.

 

The following table presents changes in interest reserves as of September 30, 2022 and December 31, 2021, respectively:

 

   As of
September 30,
2022		   As of
December 31,
2021		 
Initial reserves       $6,636,553   $
-
 
New reserves        8,929,716    9,223,802 
Reserves disbursed      (9,940,290)   (2,587,249)
Total interest reserve     $5,625,979   $6,636,553