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Note 13 - Segment Information - Schedule of Segment Information (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Advisory services, external customers $ 3,300,512 $ 3,620,002 $ 9,396,828 $ 10,518,862
Advisory services, other operating segments(1) [1] 0 0 0 0
Interest and dividend income 1,690,000 1,111,000 4,781,000 2,782,000
Interest expense(2) [2] (1,981,000) (1,441,000) (5,559,000) (3,625,000)
Net revenues 3,010,000 3,290,000 8,619,000 9,676,000
Other income, net 420,726 (2,360,590) 1,067,454 (2,466,795)
Operating expenses(3) [3] (2,627,000) (2,105,000) (8,438,000) (6,657,000)
Intercompany expenses(1) [1] 0 0 0 0
Income (loss) before income taxes(4) [4] 803,284 (1,175,724) 1,247,719 551,676
Operating Segments [Member] | Asset Management [Member]        
Advisory services, external customers 3,301,000 3,620,000 9,397,000 10,519,000
Advisory services, other operating segments(1) [1] 40,000 33,000 101,000 89,000
Interest and dividend income 0 0 0 0
Interest expense(2) [2] 0 0 0 0
Net revenues 3,341,000 3,653,000 9,498,000 10,608,000
Other income, net 0 0 0 0
Operating expenses(3) [3] (1,735,000) (1,582,000) (5,430,000) (5,174,000)
Intercompany expenses(1) [1] 0 0 0 0
Income (loss) before income taxes(4) [4] 1,606,000 2,071,000 4,068,000 5,434,000
Operating Segments [Member] | Investment Portfolio [Member]        
Advisory services, external customers 0 0 0 0
Advisory services, other operating segments(1) [1] 0 0 0 0
Interest and dividend income 1,690,000 1,110,000 4,780,000 2,780,000
Interest expense(2) [2] (1,373,000) (831,000) (3,739,000) (1,903,000)
Net revenues 317,000 279,000 1,041,000 877,000
Other income, net 421,000 (2,361,000) 1,067,000 (2,467,000)
Operating expenses(3) [3] (892,000) (523,000) (3,009,000) (1,483,000)
Intercompany expenses(1) [1] (40,000) (33,000) (101,000) (89,000)
Income (loss) before income taxes(4) [4] (194,000) (2,638,000) (1,002,000) (3,162,000)
Segment Reporting, Reconciling Item, Corporate Nonsegment [Member]        
Advisory services, external customers 0 0 0 0
Advisory services, other operating segments(1) [1] 0 0 0 0
Interest and dividend income 0 1,000 1,000 2,000
Interest expense(2) [2] (608,000) (610,000) (1,820,000) (1,722,000)
Net revenues (608,000) (609,000) (1,819,000) (1,720,000)
Other income, net (1,000) 0 0 0
Operating expenses(3) [3] 0 0 1,000 0
Intercompany expenses(1) [1] 0 0 0 0
Income (loss) before income taxes(4) [4] (609,000) (609,000) (1,818,000) (1,720,000)
Intersegment Eliminations [Member]        
Advisory services, external customers 0 0 0 0
Advisory services, other operating segments(1) [1] (40,000) (33,000) (101,000) (89,000)
Interest and dividend income 0 0 0 0
Interest expense(2) [2] 0 0 0 0
Net revenues (40,000) (33,000) (101,000) (89,000)
Other income, net 0 0 0 0
Operating expenses(3) [3] 0 0 0 0
Intercompany expenses(1) [1] 40,000 33,000 101,000 89,000
Income (loss) before income taxes(4) [4] $ 0 $ 0 $ 0 $ 0
[1] Includes fees paid by Royal Palm to Bimini Advisors for advisory services at an annualized rate of 1.5% of capital allocated to Royal Palm's MBS portfolio.
[2] Includes interest on repurchase agreements in the Investment Portfolio column and long-term debt in the Corporate column.
[3] Operating expenses are allocated based on each segment’s proportional share of total revenues.
[4] Totals in the table above may not foot due to rounding differences.