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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Advisory services $ 6,795,072 $ 6,907,910
Interest income 3,764,003 7,868,940
Orchid Island Capital, Inc. dividends 1,752,730 1,459,235
Total revenues 12,311,805 16,236,085
Interest expense on repurchase agreements 1,073,528 4,602,837
Interest Expense, Long-term Debt 1,572,038 1,150,613
Net revenues 10,087,664 10,061,210
Other income:    
Unrealized (losses) gains on mortgage-backed securities 111,615 6,338,000
Realized gains on mortgage-backed securities (5,744,589) 23,078
Unrealized losses on Orchid Island Capital, Inc. common stock 583,961 (820,819)
(Losses) gains on derivative instruments (5,292,521) (5,817,825)
Gains on retained interests in securitizations 58,735 314,984
Impairment of property and equipment 0 673,438
Other expense, net 3,478 32,884
Total other income (10,279,321) (603,136)
Expenses    
Compensation and related benefits 4,235,487 4,115,743
Directors fees and liability insurance 690,713 653,825
Audit, legal and other professional fees 576,662 489,243
Administrative and other expenses 1,164,039 1,180,898
Total expenses 6,666,901 6,439,709
Net (loss) income before income tax provision (benefit) (6,858,558) 3,018,365
Income tax provision (benefit) (1,369,416) (10,281,612)
Net (loss) income $ (5,489,142) $ 13,299,977
Class A Common Stock [Member]    
Basic and Diluted Net (Loss) Income Per Share of:    
Basic $ (0.47) $ 1.09
Diluted $ (0.47) $ 1.09
Weighted Average Shares Outstanding    
Weighted Average Shares - Basic and Diluted 11,608,555 12,178,160
Class B Common Stock [Member]    
Basic and Diluted Net (Loss) Income Per Share of:    
Basic $ (0.47) $ 1.09
Diluted $ (0.47) $ 1.09
Weighted Average Shares Outstanding    
Weighted Average Shares - Basic and Diluted 31,938 31,938