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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues        
Interest income $ 14,659,222 $ 11,850,028 $ 31,186,526 $ 21,683,081
Interest expense (994,926) (449,556) (2,613,222) (521,824)
Net interest income 13,664,296 11,400,472 28,573,304 21,161,257
Expenses        
Management and incentive fees, net 1,799,667 1,247,561 3,937,672 1,919,066
Organizational expense 1,280,401 777,212 2,555,226 1,333,353
Professional fees 537,894 743,670 1,107,269 1,300,574
Stock based compensation 263,844 122,525 402,179 243,465
Provision for current expected credit losses 1,139,112 1,045,665 1,235,231 1,097,008
Total expenses 5,020,918 3,936,633 9,237,577 5,893,466
Net Income before income taxes 8,643,378 7,463,839 19,335,727 15,267,791
Income tax expense    
Net Income $ 8,643,378 $ 7,463,839 $ 19,335,727 $ 15,267,791
Earnings per common share:        
Basic earnings per common share (in Dollars per share) $ 0.48 $ 0.42 $ 1.07 $ 0.87
Diluted earnings per common share (in Dollars per share) $ 0.47 $ 0.42 $ 1.07 $ 0.86
Weighted average number of common shares outstanding:        
Basic weighted average shares of common stock outstanding (in Shares) 18,094,288 17,657,913 17,989,684 17,649,548
Diluted weighted average shares of common stock outstanding (in Shares) 18,273,512 17,752,413 18,117,919 17,745,234