EARNINGS PER SHARE (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

The following information sets forth the computations of basic and diluted weighted average earnings per common share for the year ended December 31, 2024 and for the period from August 28, 2023 to December 31, 2023:

	Year ended December 31, 2024		Period from August 28, 2023 to December 31, 2023
Net income attributable to common shareholders	$	6,868,421	$	234,622
Dividends paid on unvested restricted stock	(26,091)		—
Net income attributable to common shareholders	6,842,330		234,622
Divided by:
Basic weighted average shares of common stock outstanding	6,800,841		6,889,032
Weighted average unvested restricted stock	34,956		—
Diluted weighted average shares of common stock outstanding	6,835,797		6,889,032
Basic weighted average earnings per common share	$	1.01	$	0.03
Diluted weighted average earnings per common share	$	1.00	$	0.03