Earnings Per Share (Tables)

12 Months Ended

Dec. 31, 2024

Earnings Per Share [Abstract]

Schedule of Calculation of Numerator and Denominator in Earnings per Share

The following table provides a reconciliation of the numerator and denominator of the EPS calculations:

	Years ended December 31,
	2024		2023
Numerator
Net income	$	4,545,000	$	2,007,000
Preferred stock dividends	(10,295,000)		(10,752,000)
Deemed contribution related to preferred stock repurchases	7,629,000		—
Net income (loss) attributable to common shares	$	1,879,000	$	(8,745,000)
Denominator
Weighted average number of common shares outstanding	13,718,169		13,718,169
Net income (loss) per common share attributable to common shareholders	$	0.14	$	(0.64)