CONSOLIDATED BALANCE SHEETS - USD ($)	Mar. 31, 2026	Dec. 31, 2025
Assets
Loans held for investment at carrying value, net	$ 296,841,030	$ 302,674,743
Current expected credit loss reserve	(322,786)	(1,891,170)
Loans held for investment at carrying value, net of current expected credit loss reserve	296,518,244	300,783,573
Cash and cash equivalents	5,658,839	6,445,328
Interest receivable	2,571,173	2,264,133
Investment in unconsolidated real estate joint venture	24,635,000	0
Prepaid expenses and other assets	647,696	735,230
Total assets	330,030,952	310,228,264
Liabilities
Accrued interest	1,080,911	730,644
Dividends payable	4,055,897	4,026,296
Current expected credit loss reserve	228,826	178,066
Accrued management and incentive fees	1,635,136	692,716
Accrued direct administrative expenses	633,432	282,296
Accounts payable and other liabilities	466,954	355,865
Total liabilities	147,501,156	128,265,883
Commitments and contingencies (Note 8)
Shareholders' equity
Preferred stock, par value $0.01 per share, 10,000 shares authorized at March 31, 2026 and December 31, 2025 and 0 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	0	0
Common stock, par value $0.01 per share, 50,000,000 shares authorized at March 31, 2026 and December 31, 2025 and 13,519,655 and 13,420,986 shares issued and outstanding at March 31, 2026 and December 31, 2025, respectively	135,197	134,210
Additional paid-in capital	187,114,464	186,745,489
Accumulated (deficit) earnings	(4,719,865)	(4,917,318)
Total shareholders' equity	182,529,796	181,962,381
Total liabilities and shareholders' equity	330,030,952	310,228,264
Nonrelated Party
Liabilities
Line of credit payable	88,050,000	102,250,000
Related Party
Liabilities
Line of credit payable	$ 51,350,000	$ 19,750,000