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SHAREHOLDERS' EQUITY (Tables)
 12 Months Ended
Dec. 31, 2025
Equity [Abstract]  
Schedule of Stock-Based Compensation Expense
The following table summarizes the stock-based compensation expense incurred by the Company for the years ended December 31, 2025 and 2024:
Years ended
December 31,
20252024
Stock-based compensation$1,019,168 $338,404 
Schedule of Nonvested Share Activity
The following table summarizes restricted stock (i) converted upon Spin-Off, (ii) granted, (iii) vested and (iv) forfeited for the Company’s directors and officers and employees of the Manager as of December 31, 2025 and 2024:
As of
December 31,
20252024
Converted upon Spin-Off88,685 88,685 
Granted135,269 115,644 
Vested(76,350)(805)
Forfeited(3,315)— 
Balance144,289 203,524 
Schedule of Restricted Stock Awards Activity
The fair value of the Company’s restricted stock awards is based on the Company’s stock price on the date of grant. The following tables summarize the restricted stock activity as of and during the year ended December 31, 2025:
Number of shares of restricted stockWeighted-average
grant date fair value
Balance as of December 31, 2024203,524 $13.16 
Granted19,625 11.78 
Vested(75,545)13.33 
Forfeited(3,315)13.04 
Balance as of December 31, 2025144,289 $12.88