XML 23 R12.htm IDEA: XBRL DOCUMENT v3.23.2
Interest Reserve
 6 Months Ended
Jun. 30, 2023
Interest Reserve [Abstract]  
INTEREST RESERVE

5. INTEREST RESERVE

 

As of June 30, 2023 and December 31, 2022, the Company had two loans and three loans, respectively, that included a prepaid interest reserve.

 

The following table presents changes in interest reserves as of June 30, 2023 and December 31, 2022, respectively:

 

   As of
June 30,
2023		   As of
December 31,
2022		 
Beginning reserves  $1,868,193   $6,636,553 
New reserves   446,212    9,049,834 
Reserves disbursed   (1,972,454)   (13,818,194)
Ending reserve  $341,951   $1,868,193